Governor Greg Abbott of Texas returned from a productive economic development mission to India organized by the Governor's Economic Development & Tourism Office and the Texas Economic Development Corporation. The Texas delegation also included business and economic development leaders from across the state, representing more than 16 companies, communities, and...
Paramount Global Sells Stake in Viacom18 to Indian Company
Paramount Global has divested its entire 13% stake in Indian TV and streaming company Viacom18 to India's Reliance Industries for approximately $517 million. Reliance was already the majority owner of Viacom18 prior to this transaction. This deal comes shortly after Reliance announced a landmark $8.5 billion merger agreement between its...
India Seeks Private Investment in Nuclear Energy Sector
India is pursuing a new strategy to significantly boost its nuclear power generation capacity by inviting major private companies to invest up to $26 billion in the nuclear energy sector, according to Reuters. "This marks the first time the government is seeking private investment in nuclear power, a non-carbon emitting...
NVIDIA works to support AI in India
Santa Clara-based NVIDIA and Mumbai-based Reliance Industries announced a collaboration to develop India’s own foundation large language model trained on the nation’s diverse languages and tailored for generative AI applications. The companies will also work together to build an AI infrastructure that is “over an order of magnitude more powerful...
India’s Reliance Jio Launches $12 Web-Enabled Phone
Billionaire Mukesh Ambani founder, chairman, and managing director of Mumbai-based Reliance Industries has made investments in excess of $50 billion to create the largest digital and connectivity ecosystem in India. Currently, 5G mobile networks begin to expand in India, but about half of the country’s 1.4 billion people remain disconnected...
Walt Disney Co. Close to Selling its India Operations
Walt Disney is reportedly near a cash and stock deal to sell its operations in India to Mumbai-based multinational conglomerate Reliance Industries. Disney's India operations have suffered due in part to losing streaming rights to air cricket, a popular sport in India. According to Bloomberg, as part of the deal, Disney...