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Mukesh Ambani pips Jack Ma to be Asia’s richest

Indian business tycoon Mukesh Ambani overtook Alibaba group founder Jack Ma on Friday to become richest person in Asia.

iWorld Telecom
ALTBalaji aims to double subscriber base by 2021

Balaji Telefilms' video on demand platform, ALTBalaji has planned to invest up to Rs 500 crore over the next three years with a focus on strengthening its content offerings, according to a report by Brandequity.

iWorld Over The Top Services
In major Jio push, RIL to acquire Radisys for $74 mn

India’s largest private sector company Reliance Industries Ltd (RIL) has entered into an agreement with Radisys Corporation, US-based open telecom platform solutions provider, to acquire the latter. The deal involves a valuation of roughly $ 74 million or Rs 510 crore.

iWorld Telecom
Regulator Sebi orders open offer for NDTV within 45 days

Regulator Sebi on Tuesday cleared the decks for Vishvapradhan Commercial to make an open offer for NDTV Ltd to indirectly gain control of up to 52 per cent stake through a convertible loan of Rs 350 crore in 2009 'sourced' from a partner company of Reliance Industries Ltd, reported news agency PTI.

Television TV Channels News Broadcasting
Reliance Jio subscriber base up 16.5% QoQ to 186.6 million

According to Reliance Industries Limited’s annual report, Jio had 186.6 million subscribers at the end of March, up 16.5% from the 160.1 million at the end of last year. The company, however, did not mention how many of these are active subscribers.

iWorld Telecom

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