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...
India’s Reliance and Canadas Brookfield Build Data Centers
Expecting data center capacity to rise in India as more people go online, Mumbai headquartered Reliance Industries announced that it would invest $122 million to build data centers in the country along with Canada-based Brookfield Infrastructure. Currently the two entities are building data centers in Chennai and Mumbai. Reliance will...
India’s Reliance Jio Launches a $12 Internet-Enabled Phone
Reliance Jio, the telecommunications arm of India's Mumbai-based Reliance Industries, is enabling more Indians to gain access to the internet by launching its new internet-enabled phone with a 4G mobile network. There are about 250 million feature phone users in India, and many of them still use 2G phones and...
India’s Reliance Acquires Majority Stake in California Solar Energy Software Co
Mumbai-based Reliance Industries acquired a 79.4 percent stake in Saratoga, CA-based solar energy software developer SenseHawk for $32 million. The acquisition is part of the conglomerate’s aggressive push into renewable energy to decarbonize its oil and chemical-dominated business. Reliance aims to produce 100 GW of solar energy by 2030. SenseHawk...
Nihon Kohden to Build its Largest Manufacturing Facility in India
Model Economic Township or MET City, a wholly-owned subsidiary of Mumbai-based Reliance Industries said it was developing a world-class greenfield smart city near Gurugram, Haryana in the Delhi National Capital Region. In this industrial township, Tokyo-based manufacturer of medical devices Nihon Kohden Corporation will build its largest facility in India....