reliance

Myntra received a $54 million fund infusion from parent Flipkart, at a time when the online fashion platform is witnessing intense competition from Reliance’s Ajio and Tata Cliq.According to regulatory filings made in Singapore, Myntra’s holding company, FK Myntra Holdings Pvt Ltd, received the fund in January, making it the second investment from Flipkart in a year. Flipkart had infused $105 million into Myntra in March 2023.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School…

Reliance, India's top conglomerate, and The Walt Disney Company, one of the world's leading entertainment companies, announced a major partnership in India. The deal will merge the Reliance and Disney streaming and media assets, creating an $8.5 billion entertainment behemoth in the world's most populous nation. Reliance HQ in Mumbai, India Reliance will invest $1.4 billion (INR 11,500 crore) to fuel the growth strategy of the new joint venture, while Disney will get access to Indian cricket rights, something the US…

The merger of Indian media assets of Reliance, its portfolio Viacom18 and Disney will create an entity that captures 85% of the country’s on-demand streaming service audience and about half of the TV viewers, analysts said, posing bigger challenges to Netflix, Amazon’s Prime Video, Apple, Sony and Zee. The merger, which is scheduled to complete by March of 2025, will have exclusive digital and broadcast rights to some of the key sporting events – including the next four years of popular cricket…

Reliance and Disney on Wednesday announced a strategic joint venture that will merge their digital streaming and television assets in India. The merger will result in Reliance combining the businesses of Viacom18 and Star India into a single unit called Star India Private Limited (SIPL) through a court-approved scheme of arrangement. Reliance Industries Limited (RIL) will control 16.34 percent of the joint venture, whereas the other two parties, Viacom18 and Disney, will control 46.82 percent and…

Fashion platform Myntra has appointed Venu Nair as its new chief of strategic partnerships and omnichannel. Nair joins Myntra from offline shopping chain Shoppers Stop, where he was the managing director and chief executive officer for about three years. At Myntra, he will be responsible for the international brands portfolio, and for “building strategic partnerships with leading global brands,” the firm said in a statement. Nair will also be managing omnichannel strategy for brands at Myntra.Elevate Your Tech Prowess…

AI roundup: In today's AI news, one of the top engineering institutes in India and BharatGPT are set to launch ChatGPT-style service “Hanooman” which is backed by Mukesh Ambani's Reliance Industries Ltd. In other news, scientists took advantage of AI to predict how agricultural land suitability may change by 2050. Know more about what happened in the world of AI today, February 21, 2024.Reliance to support the development of ChatGPT-style service “Hanooman”BharatGPT along with eight affiliated universities showcased a…

Microsoft is developing a new network card that could improve the performance of its Maia AI server chip and potentially reduce its reliance on chip designer Nvidia, according to a report in the Information on Tuesday.Microsoft CEO Satya Nadella has tapped Pradeep Sindhu, who co-founded networking gear developer Juniper Networks, to spearhead the network card effort, the report said citing a person with knowledge of the matter.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian…

The new Reliance JioBook runs JioOS out of the box. It is powered by a MediaTek chipset paired with 4GB RAM and 64GB of storage that can be expanded.Mukesh Ambani’s Reliance Jio has revolutionised the telecom sector in India with a launch of several affordable devices and plans for the Indian market. Slowly, Mukesh Ambani’s Reliance Jio is also venturing in other segments one of which is laptop. Mukesh Ambani launched one of India’s cheapest 4G enabled laptops, Reliance JioBook, last year. Launched at a price of Rs 16499,…

The much-anticipated successor to the Jio Bharat B1, the Jio Bharat B2, has made a subtle appearance on a certification site, suggesting an imminent launch in the Indian market, reported HT Tech.…

Akash Ambani’s Reliance Jio reflects the young heartwarming attitude of the organisation and to mark Valentine's Day 2024, the company decided to have some fun with its rival Airtel. Akash Ambani led Reliance Jio is the biggest telecom operator in India. It has revolutionised the telecom sector in India with the launch of affordable data plans and devices. India’s richest man Mukesh Ambani has already taken Reliance Jio to new heights and he handed over the reins of the company to his son Akash Ambani in 2022. Akash…