Mysilsila Fortnight Digest- Edition 6

Suneetha Malkani

Sep 12 2024

BUSINESS

 

The Competition Commission of India approved the proposed combination involving Reliance Industries Limited, Viacom18Media Private Limited, Digital18 Media Limited, Star India Private Limited andStar Television Productions Limited, on a provisional basis,  subject to the compliance of voluntary modifications. 

 

Source: https://www.cci.gov.in/media-gallery/press-release/details/425/0

See more:

https://www.communicationstoday.co.in/a-digital-entertainment-giant-in-the-making/#:~:text=The%20Competition%20Commission%20of%20India,with%20a%2056%20percent%20stake.

 

 

Ambani says India's Reliance to more than double in size before end of decade. "Our goal is to create the world's lowest AI inferencing cost, right here in India. This will make AI applications in India more affordable than anywhere else," Ambani said during the company's annual general meeting.

See more:

https://www.msn.com/en-us/money/markets/ambani-says-indias-reliance-to-more-than-double-in-size-before-end-of-decade/ar-AA1pE8p7

 

Ambani’s Jio Financial Services also made a significant disclosure via a filing on the Bombay Stock Exchange of a  joint venture company named “Jio Black Rock Investment Advisers Private Limited” in partnership with Black Rock Advisors Singapore Pte. Ltd.

See the filing here:

https://www.bseindia.com/xml-data/corpfiling/AttachLive/39eb3329-ae06-4c9e-ad07-851a8d8cf61e.pdf

 

 

Airtel and Apple enter a strategic partnership to bring exclusive offers of Apple TV+ and Apple Music to Indian customers.

 

Amit Tripathi, Chief Marketing Officer & EVP Customer Experience for Bharti Airtel said,“ and Airtel are natural partners who strive to bring excellence to customer experience. We also share the common vision of serving the entertainment needs of Indian users. Airtel offers a one stop shop to bring all content and entertainment through Airtel Xstream. This partnership with Apple will provide immense value to our customers since they will now have access to the best content and entertainment globally.”

 

"We are thrilled that Airtel customers in India will soon be able to enjoy all of the incredible content on Apple TV+and Apple Music," said Oliver Schusser, Apple’ vice president of Apple Music, Apple TV+, Sports, and Beats.

 

Source: https://www.airtel.in/press-release/08-2024/airtel-and-apple-enter-into-a-strategic-partnership-to-bring-exclusive-offersl

 

Mumbai’s billionaire count is overtaking Beijing’s. 

Read more:

https://www.hindustantimes.com/business/hurun-rich-list-this-indian-city-overtakes-beijing-to-become-asias-billionaire-capital-101724988025318.html

IN THE CROSSHAIRS

 

British-Indian MP Jas Athwal apologizes for sub-standard conditions in rental properties he owns, following a BBC investigation.

Source:

https://www.newsx.com/world/british-indian-mp-jas-athwal-apologizes-for-poor-living-conditions-in-rental-properties-following-bbc-investigation/

CELEBRATED

 

L/Nk Charan Singh (Retd), on his 100th Birthday.

He joined the British Indian Army in 1942 & served during World War II. He retired from service in 1959.

He lives in Ropar district of Punjab with his 2 daughters & 4 sons.

 

https://twitter.com/westerncomd_IA/status/1832414209021510086/photo/4

WEALTH MANAGEMENT  TRENDS

There is a rising interest in Art as an asset class and new regulations may be emerging to assist

https://www.instagram.com/lancelotribeiro/

 

https://www.wealthbriefing.com/html/article.php/Art-Increasingly-Seen-As-Alternative-Form-Of-Investment

TRAGEDY

80 year old British Indian Bhim Kohli was assaulted by teenagers, resulting in his death. One of the teens has been charged with murder. 

https://www.msn.com/en-in/news/India/teen-charged-with-murder-of-british-indian-80-at-leicester-park/ar-AA1q42iu

IMMIGRANT AND VISA NEWS

 

The NZ immigration service announced technical issues with its systems causing a delay in Visa applicants receiving letters.  For more details, visit this page:

https://www.immigration.govt.nz/about-us/media-centre/news-notifications/it-issue-with-letters-loading-for-some-visa-application-systems

NZ also announced a fee hike for international visitors. The International Visitor Conservation and Tourism Levy (IVL) will be raised to $100 effective Oct 1 2024. Australian citizens and permanent residents, and people from many Pacific Island countries are exempt from this fee.

https://www.beehive.govt.nz/release/ivl-increase-ensure-visitors-contribute-more-new-zealand

TRAVEL

 

South Africa announced the creation of an innovative new Trusted Tour Operator Scheme (TTOS), set to be implemented from January 2025. This is a move to capture an increased share of Indian and Chinese outbound tourists .  At the moment, Indian tourists account for only 3.9% of all international visitors to South Africa.

https://www.gov.za/news/media-statements/home-affairs-announces-trusted-tour-operator-scheme-boost-tourism-china-and

GUINNESS RECORD MAKING INDIAN DIASPORA

 

Indian-origin YouTuber builds world's largest iPhone, bags Guinness World Record

 

https://www.newsbytesapp.com/news/science/indian-origin-youtuber-mrwhosetheboss-sets-record-with-world-s-largest-iphone/story

Other stories

Powered by RADAR108