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India’s total internet subscribers touched 881.25 million in March 2023: TRAI

These findings come on the heels of HCLTech's strategic brand transformation efforts initiated 15 months ago. (Representative image by Kelvin Han via Unsplash)

Out of 881.25 million internet subscribers in India, the number of wired internet subscribers is 33.94 million and the number of wireless internet’ subscribers is 847.31 million.

Realistic bids expected for BCCI media rights, experts predict shift from past extravagance

Last year, the Bombay High Court directed the BCCI to seek the opinion of the Supreme Court regarding the issue (Image source (from left to right): Moneycontrol and Unsplash)

Even with BCCI presenting two separate packages for TV and digital, the list of contenders is short. Disney Star, Sony Sports and Viacom18 are said to be the three participants in the bidding.

RIL board to appoint Isha Ambani, Akash Ambani and Anant Ambani as non-exec directors

The stake in Viacom18 was held by Paramount Global through its two subsidiaries. (Image sourced via News18 website)

The RIL Board of Directors also accepted the resignation of Nita Ambani from the Board respecting her decision to devote her energies and time to guide and enable Reliance Foundation to make even greater impact for India.

Reliance AGM: Mukesh Ambani says, Jio promises AI to everyone, everywhere

A seismic shift in content consumption patterns was evident as more individuals chose digital devices over linear television to experience the IPL. The IPL's final match captured the attention of over 12 crore people, peaking at a concurrency of 3.2 crore, firmly cementing its status as a globally watched digital spectacle. (Image source: Moneycontrol)

Catch key updates from Reliance Industries’ 46th Annual General Meeting (AGM).

IDFC First Bank bags the title sponsorship of BCCI

The sponsorship will commence with IDFC First Bank being the title sponsor for the 3-match ODI series against Australia starting from September. (Image source: BCCI)

IDFC First Bank has bagged the title sponsorship for all of the international and domestic home matches of the BCCI.

Goenkas move SAT against SEBI’s confirmatory order

The regulatory body’s investigation into Zee founders, primarily focusing on Subhash Chandra and Puneet Goenka, reportedly uncovered the potential diversion of approximately Rs 20 billion ($241 million) from the company. This figure is roughly ten times larger than SEBI's initial estimates, raising concerns about financial irregularities within Zee. (Image sourced via CNBC TV-18)

Punit Goenka argued that such an order before the investigation’s completion was unjust, seeking an interim stay and the quashing of the SEBI order.

Zee-Sony merger likely to close in next three months

Ritika Nayyar, partner (mergers and structuring) at law firm Singhania & Co, said, "The approval for the merger was accorded on 10th Aug 2023 by the NCLT. Though one cannot predict the exact time to reach closure, it may take anywhere between two to three months, factoring in various post-approval compliances with the regulators such as ROC and SEBI and intimation to various statutory authorities such as Income Tax, GST and so on. Since the order of the NCLT is supposed to be filed with the ROC within 30 days of receipt of the order, we believe this is currently in process."

Ritika Nayyar, partner (mergers and structuring) at law firm Singhania & Co, discusses the challenges before and progress of the $10 billion Zee-Sony merger deal.