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Reliance Brands acquires Rhea Retail for $30 million

Mukesh Ambani led Reliance Brands Limited, a subsidiary of Reliance Industries Ltd, has acquired Rhea Retail Pvt. Ltd. Reliance acquired 100 per cent stake in the company for $30 million (Rs 203.46 crore)in an all cash deal.

MAM Marketing Brands
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India's taxi war may be headed for a truce

MUMBAI: Gone are the days when we had to book a cab by calling a local can agency, and that’s because cab aggregators in India have completely changed the way we book a cab. Back in the day, while Mumbai had its distinguished kaali-peelis, Delhi had its metro whereas Bengaluru didn’t have a great...

MAM Marketing MAM
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ZEEL scraps 9X Media acquisition

Owing to non-completion of certain material conditions, Zee Entertainment Enterprises Ltd (ZEEL) has terminated its deal to acquire music broadcaster 9X Media.

Television TV Channels Music and Youth
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TV18 completes acquisition of Viacom shares

TV18 is now officially in control of the Viacom18 joint venture in which the US partner, Viacom Inc (Viacom), was a majority holder till now with 51 per cent. In an announcement to the Bombay Stock Exchange (BSE), it said that the formalities of the transfer of 1 per cent shares from Viacom’s paid...

Television TV Channels GECs
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With Star India, Disney emerges as India's largest M&E firm

MUMBAI: Unlike the US, where the merger of The Walt Disney Co and 21st Century Fox’s entertainment assets is between two near equals, the scenario in India is totally different. 21st Century Fox’s India venture Star India is a $1.7 billion dollar media and entertainment behemoth while Disney India...

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