Los Angeles-based property consultant CBRE expects the supply of retail space for luxury brands in India to double in the next three to four years. Vivek Kaul, head of retail services India, CBRE South Asia said, "The existing stock of luxury retail space in the country is approximately a million...
Viacom Acquires 50 Percent Stake in India’s Prism TV
Viacom Inc. has finalized a $153-million deal that increases its presence in India with a 50% interest in the Prism TV group which operates five regional channels, reports Los Angeles Times. Viacom Chief Executive Philippe Dauman said that the investment in Prism was “an important step in building on our...
Hollywood Goes to India on Viacom18’s English Language Channel
A new Indian television channel will offer content from Warner Bros, International Television Distribution, NBCUniversal, Sony Pictures Television, Twentieth Century Fox, Lionsgate, MGM, the BBC and Endemol Shine, among others says The Hollywood Reporter. Colors Infinity from Viacom18 launches this month. Viacom18 is a joint venture between Viacom an American...
Acquisition of Rhythm & Hues by Prana Studios
34x118 Holdings Inc., an affiliate of Prana Studios (an American computer animation and visual effects company, based in Los Angeles, with a subsidiary in Mumbai, India), recently won a bankruptcy auction. The company bid just $1.2 million in cash and assumption of up to $17 million in debt in order...
Mukesh Ambani 18th Richest Man In World: Bloomberg
According to the India Journal, Indian business magnate Mukesh Ambani is the 18th richest person in the world on the Bloomberg Billionaires Index, with a personal wealth of $24.7 billion in 2012. Ambani runs Reliance Industries Ltd, a India petrochemicals conglomerate with interests in retailing and some assets in the...
US is second largest acquirer in India
According to global deal tracking firm Dealogic, India’s inbound M&A volume has surged to $23.4 billion, about equal to the record level of 2007. American companies were involved in 17 per cent of the inbound mergers in India making the US the second most active conuntry. The United Kingdom was...