Podcast appearances and mentions of anil ambani

Grey lizard is upon us .. but 2 prominent businessman Gautam Adani and Anil Ambani both grey lizards highlight the stark contrasting fortunes of Grey lizard people Stock Alert : Nava ... promoter buy back in the offing .. join Greenstone lobo ( Author/Astrologer and former Banker ) and Salil Acharya ( Actor / Sports promoter / Entrepreneur ) as they dissect all send in your suggestions and ur details for reading on @salilacharya name , date of birth , time and place and make sure you share the podcas

Lalit Modi, the founder of the IPL (Indian Premier League), sharing his in-depth recount and incredible details on how the IPL was created in this episode. How he orchestrated everything from the players, media deals, team owners to sponsors, and all within a few months.   Key Highlights Recap of Episode #1 Putting an “A team” together to make the IPL a reality, bringing IMG into the group (on success basis), finding the best experts from around the world, etc Learning from the best Leagues in the world to create a new franchise model First on the agenda, securing the top 100 players from around the world – challenges with scheduling of other Cricket globally Window from March-May was identified and locked in Creating the auction process and selling the idea to the players – brackets for players created – Minimum/Maximum cap spend on players USD 4- 5.5 mil by teams “Controversy” a key component of his strategy – keep media and people talking and guessing (free PR) “14 days” of playing Cricket  - players paid per day – USD 20k – 100k per day and some as high as USD 200k – so over USD 2 mil for the whole season  Lots of resistance at first with Media Owners – Nimbus thought they should own it because of the deal with the BCCI, black listed Murdoch (Fox), Zee TV already started ICL (competing competition) Need to create interest and competition with other broadcasters and agencies (aiming for USD 1 billion over 10 years) WSG (World Sports Group) bid USD 1b (both domestic and global rights) – partnered with SONY for year 1 in India Mapped out advertising inventory during the Match time Right to broadcast only, production done by League, etc Target USD 59 million in Year one as minimum to pay Teams (de-risk the purchase of team franchises – min USD 50 mil per franchise was his target (paid over 10 yrs) Key – an 8 pm ICT start, not to compete with other Indian Cricket afternoon slots – targeting Bollywood and entertainment budgets and appeal to Women in the household (who control the TV remote control at that time slot in the Indian household in those days) Next target – Team owners and the right profile – Shah Rukh Khan became key , Mukesh & Anil Ambani, Vijay Mallya, etc Bid for all cities allowed, highest bidder wins, if bidder wins more than one city, bidder can chose which city he wants to take Bids ranged from USD 65-120 mil  (for 10 yrs) Open process – in front of media and cameras Teams don't own Stadiums – not allowed Shah Rukh Khan – Nokia – sponsors his team and how that helped with upfront funding Everything done between January – April before the first ball was played Principal Sponsor deals for the League – USD 10 mil per year for title, USD 8 mil for associate – and stories behind it No open Media access to the matches – deliberate “controversy” strategy At the time already secured – USD 100 mil cheque for media (Year 1), USD 75 mil (10% of franchise fee) before it even started (not including sponsorship yet) Bidding process for Sponsorship rights (Hero Honda, DLF, etc) – DLF Indian Premier League Associate sponsor deals – Citi, Vodaphone, Kingfisher, etc Opening Ceremony and first game -  Shah Rukh Khan vs Vijay Mallya Sony struggling to get distribution across the country – not nationwide yet.   On day of first game, Lalit opens the doors to all media to cover the game. Sony furious. 100% TV coverage across India, all over the news and press   Shah Rukh Khan's teams win – Bollywood stars celebrating on the field – huge success Sony distribution went through the roof.  IPL was an instant success from then on Secret sauce – Competitive high profile owners, Shah Rukh Khan for entertainment and women audience, music, cheerleaders, etc To be continued…….   About Globally recognized leader, Executive Director of Modi Enterprises, with business interests across nearly every industry vertical. Built a billion-dollar brand in less than a year, launched a revolution to Indian broadcast entertainment, and negotiated partnerships with ESPN, Disney, Google, Ten Sports, B4U, Fashion TV, Voyages TV, Buena Vista Television, United Artists, Marvel, Nike and others. International business strategist who catalyzes transformation and change by capitalizing on unmet demand in domestic and overseas markets. Embraces technology and creates opportunities to enrich lives, create sustainable revenue, and optimize productivity through integration of emerging platforms in social and digital. An entrepreneur at heart with a phenomenal ability to connect people and ideas into revenue-generating enterprises, an active member of the board for one of the oldest and most successful industrial conglomerates in India, and the thought- leader behind radical change in India's leading Cricket administration, the BCCI. Recognized by Time, Sports Illustrated, Business Week, Forbes, Business Standard, and other influential global media outlets for launch of the Indian Premier League (IPL), one of world's most popular Cricket organizations. Was Awarded ‘Indian of the Century” by India Today in Forbes nominated Modi as “Rainmaker of the Century” Against extensive political and economic challenges, brought IPL to South Africa, and sustained the same phenomenal levels of viewership and attendance despite the move. Columbia University and Stanford University Both did case studies on Modi, which are still being taught in Universities across the world. Created billions dollar opportunities, and played an integral role in shaping the cultural direction of Modern India as visionary behind transformational changes in broadcast, sports, entertainment, and consumer products.   Follow us on our social sites for the latest updates Instagram: https://www.instagram.com/sportsentrepreneurs/ Facebook: https://www.facebook.com/marcusluerpodcast LinkedIn: https://www.linkedin.com/company/sports-entrepreneurs Website: https://marcusluer.com Podcast: https://marcusluer.com/podcast To get in touch, please email us at podcast@marcusluer.com Feel Good by MusicbyAden https://soundcloud.com/musicbyaden Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0 Free Download / Stream: https://bit.ly/_feel-good Music promoted by Audio Library https://youtu.be/bvgIqqRStcQ

On August 23rd, the Securities & Exchange Board of India (SEBI) slapped ADAG Chairman Anil Ambani and its associated 24 entities with a combined penalty of ₹624 crores for allegedly siphoning off funds. And if you're wondering why and what Anil Ambani had to say in defense, in today's episode for 27th August 2024, we offer you a simplified take on the saga. If you're looking to join our Team of Insurance Advisors, we'd love to have you on board. Ready to join us? Click this link - https://bit.ly/46NXEvf

On Episode 371 of The Core Report, financial journalist Govindraj Ethiraj talks to Dhairyashil Patil, president of the All India Consumer Products Distributors Federation as well as Shankkar Aiyar, economic journalist and author.SHOW NOTES(00:00) The Take: How the gap between private and government jobs is increasing(05:38) The stock markets see longest rally of 2024 and now braced for opening of the sluice gates(07:18) Silver imports are set to zoom as industrial and personal application demand increases(08:30) Sebi cracks down on Anil Ambani but not other agencies(10:29) Why is the Government not being as strident about quick commerce while attacking the Amazons of the world?(20:03) The Government's job's conundrum, the way forwardListeners! We await your feedback....The Core and The Core Report is ad supported and FREE for all readers and listeners. Write in to shiva@thecore.in for sponsorships and brand studio requirements.For more of our coverage check out thecore.inJoin and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube

Hello, this is your daily dose of news from Onmanorama. Tune in to get updated about the major news stories of the day.

Hello, this is your daily dose of news from Onmanorama. Tune in to get updated about the major news stories of the day.

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Monday, 19 August 2024. My name is Nelson John. Let's get started. The Adani Group is on an aggressive expansion bid - from realty to cement. Now, the Gautam Adani-led company is eyeing a thermal power plant. Sources told Mint's Anirudh Laskar and Dipti Sharma that the group is keen on buying Anil Ambani's bankrupt company Reliance Power's 600-megawatt thermal power plant in Butibori, near Nagpur. The potential acquisition, valued between 2,400-3,000 crore rupees, aligns with Adani's strategy to expand its thermal power capacity amid growing electricity demands, particularly in Maharashtra, India's largest power-consuming state. This move could integrate Adani's existing coal-based power plant in Tiroda with Butibori, enhancing its competitive edge in the region.  In March this year, Swedish investor EQT and Singapore's Temasek - joint owners of O2 Power- decided to sell the renewable energy company. Since then, buyers have lined up to buy the company in a one-billion-dollar deal. The company has drawn significant interest, with seven major entities submitting non-binding offers. These include prominent firms like Stonepeak, I Squared Capital, JSW Neo Energy, Sekura Energy from Edelweiss Alternative Asset Advisors, Actis Llp, Sembcorp Industries, and Macquarie Group, reports Utpal Bhaskar. Managed by Barclays, the sale process values O2 Power at $2.3 billion in enterprise value. Seven bidders were selected from thirteen who had signed non-disclosure agreements. In her second full year at the helm of India's market watchdog, Madhabi Puri Buch oversaw a record 342 investigations by the Securities and Exchange Board of India, the most in nearly 30 years. Behind this spike is a mix of a bustling equity market with more everyday investors jumping into both stocks and derivatives and Sebi's smarter use of tech to keep an eye on things. The regulator's getting sharper, using AI and other tools to sniff out market manipulation and insider trading like never before, writes Mint's Neha Joshi.  India is planning to establish a new independent regulator for its upcoming coal exchange, which is expected to be launched within the current fiscal year, FY25. Originally, it was considered that the Coal Controller Organisation would regulate the exchange, but concerns about independence and market trust have led to discussions about creating a separate regulatory body. As the government aims to boost domestic coal production to 1 billion tonnes annually and reduce import dependency, the need for a modernized and efficient coal exchange becomes crucial, writes Rituraj Baruah. This exchange will serve as a marketplace where buyers and sellers of coal can transact, offering options in terms of coal grade and location. Nestled within IIT Madras' Research Park, Agnikul Cosmos stands out with a life-size rocket prototype at their doorstep. This Chennai-based startup isn't just about the show; they've made real strides in the space race with their recent milestone, earning them praise from even PM Narendra Modi. They've successfully test-launched their 3D-printed semi-cryogenic rocket, Agnibaan–SOrTeD, using technology that allows them to create rocket engines in under a week. This test not only demonstrated their tech prowess but also gathered essential data for their upcoming orbital launches. Mint's Leslie D'Monte takes a deep dive into Agnikul's vision which extends beyond just launching rockets; they aim to revolutionise how small satellites reach space.   Show notes: Adani plans to buyout Reliance Power's thermal power plantStonepeak, I Squared, Actis, 4 others submit bids for O2 Power in $1 bn dealSebi ramps up investigations amid market turmoilCentre evaluates setting up separate regulator for coal exchangeAgnikul Cosmos: It's definitely rocket science

This is the Catch Up on 3 Things for the Indian Express and I'm Flora Swain.It's the 5th of February and here are the headlines.Recording of statements to seizure of assets; summons to searches of premises; getting details from Income Tax and RBI – and detection of money laundering violations. These are the key aspects of the Enforcement Directorate's ongoing action in the Pandora Papers investigation that shows probes have been “initiated” for almost all Indian owners of offshore firms named in the 2021 investigation by The Indian Express. They include Anil Ambani to Sachin Tendulkar, Unitech promoters and Niira Radia; Gautam Singhania to Lalit Goyal and Malvinder Singh, according to the current status of the probes. The Pandora Papers refers to a trove of 11.9 million secret documents from 14 offshore service providers that give details of ownership of 29,000 offshore entities used by the super-rich to manage their global money flows.Union Finance Minister Nirmala Sitharaman, during the Question Hour in Lok Sabha today, rejected claims of ‘discrimination in allocating funds to non-BJP states' and said, quote, “There is no way political interests would come in the way of the states getting the funds. It's a charge that vested interests would like to go around. I don't have the discretion, it's the Finance Commission that takes the decision.” Unquote.Jharkhand Chief Minister Champai Soren won the trust vote in the state assembly today. While 47 MLAs voted in favour of the trust motion, 29 legislators opposed it in the 81-member assembly. Meanwhile, former Jharkhand CM Hemant Soren alleged that the Raj Bhawan was involved in his arrest carried out by the Enforcement Directorate (ED) in connection with a money laundering case.Ahead of Lok Sabha polls, the Election Commission today asked political parties not to use children in campaigning “in any form whatsoever”, including for distribution of posters and pamphlets or sloganeering. In an advisory sent to parties, the poll panel conveyed its “zero tolerance” towards use of children in any manner during the electoral process by parties and candidates. The poll watchdog said political leaders and candidates should not use children for campaign activities in any manner including holding a child in their arms, carrying a child in a vehicle or in rallies.Maldivian President Mohamed Muizzu today said the first group of Indian military personnel will be sent back from the island nation before 10th of March, while the remaining Indian troops manning two aviation platforms will be withdrawn by 10th of May. In his maiden address to Parliament, Muizzu said he believes a large majority of Maldivians support his administration with the expectation that they will remove foreign military presence from the country, and recover the lost oceanic territory.This was the Catch-Up on the 3 Things by The Indian Express.

बातम्या सविस्तर ऐकण्यासाठी क्लिक करा, सकाळच्या पॉडकास्टला....1. CJI Chandrachud On AI : सीजेआय चंद्रचूड यांचे 'एआय'बाबत महत्वपूर्ण विधान, म्हणाले...2. Anil Ambani: फडणवीसांचा अनिल अंबानींना मोठा झटका, भाडेतत्त्वावरील 'ही' 5 विमानतळे घेणार परत, काय आहे प्रकरण?3. Lavasa: देशातील पहिले खाजगी हिल स्टेशन लवासाची 1,814 कोटींना विक्री, घर खरेदी करणाऱ्यांचे काय होणार?4. Elon Musk Tweet : ट्विटरचा पक्षी होणार गायब? इलॉन मस्कने धडाधड ट्विट करत दिले संकेत; मोठे बदल अपेक्षित5.  मोदी सरकारने दिली आनंदाची बातमी! जुलैमध्ये लोकांच्या बँक खात्यात येणार 2,000 रुपये6. मनोरंजन विश्वातील बातमी - Khalapur Landslide: तुमच्या कार्याला सलाम! इर्शाळवाडीतील मुख्यमंत्र्यांची तत्परता बघुन हार्दिक जोशीने केलं कौतुक7. क्रीडाक्षेत्रातील बातमी - Ravi Dahiya : मोठा उलटफेर! ऑलिम्पिक पदक विजेता रवी दहिया Asian Games स्पर्धेतून बाहेर8. चर्चेतील बातमी -  Raj Thackeray: "लक्षात ठेवा! मुख्यमंत्री टेम्पररी तुम्ही पर्मनंट..." ; राज ठाकरेंचा IAS अधिकाऱ्यांना सल्ला!रिसर्च अँड स्क्रिप्ट - युगंधर ताजणे

Reliance Capital was the last big bastion to fall in Anil Ambani's business empire. Once competing with the likes of ICICI and HDFC, it has been, for the last year, languishing in India's bankruptcy court. The complex resolution process is a two-horse race between Gujarati pharma giant Torrent Group and auto-hospitals-banking conglomerate Hinduja Group. The prize is RCap's lucrative insurance business with assets worth Rs 56,000 crore.  Host Anirban Chowdhury speaks to: Sudip Bandyopadhyay, Group Chairman of Inditrade Capital and Former MD of Reliance Money on the rise of Reliance Capital Sangita Mehta, ET's Senior Editor on the fall and the challenges faced by the company over the years G Chokkalingam, Founder of Equinomics Research & Advisory on the opportunities that came along the way of Reliance Capital Sugata Ghosh, ET's Associate Editor on what will the winner get once they buy the RCap.   Credits: CNBC-TV18 1, CNBC-TV18 2, Business Standard, CNBC-TV18 3, CNBC-TV18 4, CNBC-TV18 5, CNBC-TV18 6, Reliance Capital If you like this episode from Anirban Chowdhury, check out his other interesting episodes on El Niño: Little Boy, Big Trouble, Will music streaming platforms survive in India?, Lufthansa CEO on its turnaround, India and Air India, and much more! You can follow Anirban Chowdhury on his social media: Twitter and Linkedin.  Catch the latest episode of ‘The Morning Brief' on ET Play, The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Google Podcasts.See omnystudio.com/listener for privacy information.

 बातम्या सविस्तरपणे ऐकण्यासाठी क्लिक करा....सकाळच्या पॉडकास्टला.....१. Anil Ambani : अनिल अंबानींची आणखीन एक कंपनी दिवाळखोरीत; कारण...२. Eknath Shinde: महिलांपेक्षा शिंदे गटातील आमदारांची सुरक्षा महत्त्वाची? निर्भया फंडातून खरेदी केलेल्या SUV चक्क...३. भारतात अल्पवयीन मुलांचे काय आहेत अधिकार? जाणून घ्या४. समृद्धी महामार्गाचे मोदींच्या हस्ते लोकार्पण५. जैवविविधता संरक्षणात आशिया पिछाडीवर६. भारताविरुद्धचा प्रोपगंडा शो'म्हणत पाकिस्तानी सीरीजवरून जोरदार राडा,भारतात बंदीची मागणी७.पराभवानंतर पोर्तुगालचा 'बेईमानी'चा आरोप,म्हणे ट्रॉफी मेस्सीच्या अर्जेंटिनालाच द्या ८. आता आपण ऐकणार आहोत चर्चेतील बातमी - Chandrakant Patil: चंद्रकांत पाटील शाईफेक प्रकरण : 11 पोलिस कर्मचारी निलंबित, प्रशासनाची मोठी कारवाईरिसर्च अँड स्क्रिप्ट - युगंधर ताजणे , निलम पवार

नमस्ते दोस्तों! The Ranveer Show हिंदी के 110th Episode में आपका स्वागत है। आज के Podcast में हमारे साथ जुड़ चुके हैं Corporate Trainer और Motivational Speaker Sonu Sharma जी जिन्होंने अपने Sessions से देश के Young लोगों को Career Guidance दी है और उन्हें Motivate किया है। वे Dynamic India Group के Founder है और एक Author, Educator, Business Consultant और Successful Entrepreneur भी है। इस Podcast में हम बात करेंगे Sonu Sharma की Early Life, Motivational Speaker की Motivation, 2022 की Yuva, Indian Youngsters, Social Media, Instagram Reels, YouTube Shorts, Attention Span की Problem, Dhirubhai Ambani कौन हैं, Mukesh Ambani, Anil Ambani, Reliance और Jio के Future Plans और Rohit Sharma की Captaincy के बारे में। साथ ही साथ हम करेंगे Billionaire कैसे बने, Indian Brains, Employment Opportunities, Automation और Unemployment, Cinema की History, Elon Musk के Mindset और Modern Skill MBA के बारे में ढ़ेर सारी बातें। मैं आशा करता हूँ कि ये Video आप सभी Viewers को पसंद आएगा। खास तौर पर उन सभी को जिन्हें Corporate World और Latest Business Opportunities के बारे में जानने में Interest है। Data Mining क्या होता है, Multilevel Marketing का मतलब, Business Skills For Success, Importance Of Mentorship, Data Mining, Youtube Channel Business जैसी चीज़ों के बारे में हम Discuss करेंगे इस Hindi Podcast में सिर्फ और सिर्फ आपके Favourite BeerBiceps Hindi Channel Ranveer Allahbadia पर।

Reliance Capital's resolution has received tepid response as only four firms have made financial bids for the entire company, including its subsidiaries, under the insolvency process. IndusInd, Torrent, Oaktree Capital Management, and B-Right Realestate have submitted bids in the range of just Rs 4,000 crore. When the resolution process began, over 50 firms had submitted Expression of Interest for various assets, but only a handful of bidders were engaged. The bids have to be approved by a lender's committee. Lukewarm response for RCap asset: 1) IndusInd, Torrent, Oaktree Capital Management, and B-Right Realestate placed bids 2) All bids were placed in the range of Rs 4,000 crore. The process for asset sale of debt-ridden Anil Ambani's Reliance Capital had kick-started in November last year, when the Reserve Bank of India (RBI) superseded its board for payment defaults and initiated bankruptcy proceedings. Y Nageshwara Rao was appointed administrator for the corporate insolvency resolution process. After Srei Group's shadow banking arm and DHFL, Reliance Capital is the third NBFC to go under insolvency under IBC. Reliance Capital has a consolidated debt of about Rs 50,000 crore. But to expedite the sale process, the lenders hived off two entities of RCap --- Reliance Commercial Finance and Reliance Home Finance --- into a trust for a separate resolution process. It was done so that the bidders don't deal with debt of these two entities, which is around Rs 25,000 crore. Secured creditors have claimed Rs 22,122 crore and unsecured creditors around Rs 3,212 crore after the company was sent to insolvency. Major lenders include Life Insurance Corporation, YES Bank among others. Reliance Capital's lenders had offered two options to all the bidders. Under the first option, companies had to bid for Reliance Capital as a whole, including its subsidiary companies. Under the option-2, bidders have the freedom to bid separately for individual arms of Reliance Capital. Due to a tepid response from the bidders, the lenders earlier had to extend the timeline for submission of bids and the resolution process several times. The deadline for completion of the corporate insolvency resolution process of the company is November 1, 2022. Reliance Capital's eight businesses were on the block for bidding including general insurance, securities and asset reconstruction businesses. Under the second option, Reliance Capital's general insurance received bids from Piramal Group, Zurich Insurance Group, and Advent International. While, the company's ARC business got bids from Jindal Steel & Power and UV Asset Reconstruction Company, Choice Equity, Global Fincap, and Grand Bhawan have placed bids for other assets of Reliance Capital. Please include the byte: Ashvin Parekh, Managing Director, Ashvin Parekh Advisory Services LLP says, the bids for Reliance Capital assets were on the lower side. Lenders have few options left before approving the bids. But the poor response indicates that lenders are in for massive haircuts. It also showcases bidders' concerns, especially over equity of Reliance General Insurance, held by IDBI Trusteeship on the behalf of Credit Suisse. IDBI Trusteeship has refused to release these shares for the ongoing NCLT led resolution process. The condition to make all-cash bids also proved a hindrance in the resolution process   Mukesh Chand, Senior Counsel, Economic Laws Practice says the committee of creditors will likely negotiate with proposed bidders. CoC will try and work out a best possible resolution plan with the bidders. If viable options don't come out in negotiation process, big haircut is on the cards.  As the bids are placed, the ball is in the lender's court now. They have to take a call on the value of bids and evaluate other options, including negotiating a better deal with the proposed bidders. Whatever may be the case, it is in the creditors' best interest to comple

बातम्या सविस्तर ऐकण्यासाठी क्लिक करा.....सकाळच्या पॉडकास्टला.. Hybrid immunity काय असते ? याने बूस्टर डोजची आवश्यकता भासणार नाही! वाचा डॉक्टरांचा सल्ला  Earthquake : महाराष्ट्रापासून जम्मू-काश्मीरपर्यंत भूकंपाचे धक्के; जाणून घ्या, किती होती तीव्रता  6G in India : भारत 6G लाँच करण्याच्या तयारीत; PM मोदींची मोठी घोषणा  Congress: गुलाम नबी आझादनंतर काँग्रेसच्या आणखी पाच बड्या नेत्यांचा राजीनामा  सर्वोच्च न्यायालयाचा आज ऐतिहासिक दिवस; सुनावणीचं पहिल्यांदाच लाईव्ह स्ट्रीमिंग   Anil Ambani: अनिल अंबानींना इनकम टॅक्सची नोटीस; ४२० कोटींच्या करचुकवेगिरीचा आरोप  Asia Cup : बहिष्कार घालण्यात भारत- पाकिस्तान दोघेही नाहीत मागे  चर्चेतील बातमी -  संभाजी ब्रिगेड आणि शिवसेना एकत्र येणार

Let's start with J R D Tata and Ratan Tata. The Tatas' business interest was diverse, though Jehangir Ratanji Dadabhoy Tata's love for flying surpassed all else. A rare interview showed JRD telling host Rajiv Mehrotra that his biggest contribution as an industrialist was the creation of Air India. As India celebrates the 75th year of Independence, Tatas have Air India back with them once again. JRD's successor, Ratan Tata, gave automobiles a new direction within the salt-to-software group: from Indica to Jaguar-Land Rover. And, the biggest corporate battle in India Inc played out in 2016 when Cyrus Mistry, then chairman of Tata Sons, was ousted in a boardroom coup overseen by Ratan Tata. Moving on, there's no way to talk about India Inc without delving into the role of the Ambanis. When Dhirubhai Ambani returned from Yemen in the late 1950s to set up a textile mill in India, not many had expected him to re-write the rules of the game. In 1977, Ambani listed his company — Reliance Industries, now India's largest company in revenues. From thereon, Ambani was unstoppable. However, after Ambani died without a will in 2002, his sons fought a bitter legal battle over control of the flagship company. In 2005, the siblings signed a peace agreement. Since then, while Mukesh Ambani-led Reliance Industries has flourished, the businesses held by Anil Ambani went to bankruptcy court. The next big chapter in Reliance Industries is currently being written with Mukesh launching his succession plan at the centre of which is GenNext of the Ambanis: Akash, Isha and Anant. Now, let's take a trip down memory lane. Remember the iconic “Hamara Bajaj” tagline? Well, today, let's remember the industrialist behind it. From putting up a relentless fight against Licence Raj and giving millions of Indians an opportunity to own a two-wheeler to standing up to power, Rahul Bajaj led from the front. “Hamara Bajaj” came to be associated as much with the scooter as with the man riding it. Over the four decades that he helmed Bajaj Auto, he transformed it into a global manufacturing giant. Today, the business empire — comprising Bajaj Auto, Bajaj Finance, Bajaj Finserv, and Bajaj Holdings and Investment — boasts a combined market capitalisation of over 8.4 trillion rupees. Corporate India owes much to the man who never shied away from calling a spade a spade. With his death in February this year, at age 83, India Inc lost a doyen and the curtain fell on an era. Speaking of doyens, the roaring success of India's IT sector brings one name to mind, a business leader who has made an indelible impact on modern India. We are talking of N R Narayana Murthy, who is known as the “father of the Indian IT sector”. He founded Infosys in 1981, which became the first IT company from India to be listed on NASDAQ. It has grown to become a company with a market capitalisation of approximately 104.71 billion dollars. Murthy has received the Legion d'honneur from France, CBE from Britain, and Padma Vibhushan from India. The Economist ranked him among the 10 most admired global business leaders in 2005. Now, let's drive down south to another manufacturing powerhouse. In 1911, T V Sundram Iyengar founded the now multinational conglomerate TVS Group. But the man who's carrying the torch forward is the automobile pioneer's grandson, TVS Motor Company Chairman Venu Srinivasan. Srinivasan is credited with transforming TVS from a 50cc moped maker in the 1980s to the third-largest two-wheeler manufacturer in India, competing with the likes of Hero, Bajaj and Honda. While the company still has a monopoly in mopeds, its range of products extends from e-scooters and gearless scooters to race motorcycles and BMW bikes. Moving on, let's look at how two personalities turned a large family business into a global conglomerate, Aditya Birla Group. While Ghanshyam Das Birla or GD Birla, set up industries in critical sectors such

In our second episode, Sade Sati - Saturn's Return from the Moon, we put the spotlight on Rishi Sunak, Boris Johnson, Carrie Johnson, Donald Trump, Britney Spears, Mukesh Ambani, Anil Ambani and Vijay Mallya. What do these people have in common? Sade Sati. Sade Sati is a Sanskrit term that translates to seven and a half years. This can be an extremely challenging and difficult time but that depends on where Saturn and Moon is placed in your Birth Chart. We discuss the impact of Sade Sati on these public figures and discuss ways to alleviate the bad effects of this period if you or someone close to you is going through it at the moment. We hope you enjoy the episode! Namaste Sneh Joshi - www.snehjoshi.com Nutan Joshi - www.yogawithnutan.com

Mukesh Ambani has seen the succession battle from very close quarters. In 2002, when his father died without writing a will, he was locked in one such bitter confrontation with his brother Anil Ambani. After over three years of face-off, a family pact divided the Reliance businesses between the two brothers. So now, at 64, Ambani doesn't want to take any chances. About a month ago, several reports had surfaced that the Reliance chairman was planning to move his family's holding into a trust-like structure. Similar to what some other billionaire families like Waltons and Kochs did. Now, Ambani has hinted that the preparatory phase for handing over the baton of his business empire to his three kids is coming to an end. His children have been increasingly playing more visible roles at the company - from speaking about the future roadmap at AGMs to brokering billion-dollar deals. And he chose his father's birth anniversary, December 28, to make the big announcement. The family marks the day as Reliance Family Day. In what cements the future roles of his three Ivy League-educated children Isha, Akash and Anant at Reliance, Ambani said he had no doubt they would lead Reliance to even greater heights.  It is the first time that Ambani has spoken publicly about succession planning at his $215 billion business empire. While he has not disclosed any timeline to step back from his responsibilities, the latest speech shows that the time for his children to take up major roles at Reliance is almost here after years of grooming.  Now 30 years old, twins Isha Ambani and Akash Ambani had joined the board of Reliance Jio Infocomm and Reliance Retail Ventures as directors in 2014, at the age of 24.  Isha graduated from Yale University in 2013 with a double major in Psychology and South Asian Studies and had a brief stint with consultancy firm McKinsey before joining the family business.  Akash, meanwhile, majored in economics from Brown University and worked with Jio before becoming a director. As Jio's head of strategy and a member of its executive committee, Akash is closely involved with its product development.  Today, they are also on the board of Jio Platforms, the holding company for Reliance's telecom and digital assets and have been a constant feature at the company's product launches. Its strategic investment deals with companies like Facebook, Google and Intel were negotiated by the duo.  Besides, Isha also engineered the launch of fashion portal Ajio while Akash handles the IPL team Mumbai Indians.  Kavil Ramachandran, Professor at the Indian School of Business, Hyderabad, gave his views on the timing of Ambani's announcement regarding the succession plans.  26-year-old Anant Ambani is also a Brown University alumnus like his brother. In February, he became the last of the three to join Reliance when he was inducted as a director of the O2C subsidiary, which would have housed the refining and petrochemical business. But the plan did not go ahead. And in July, Anant was appointed to the board of solar companies that were incorporated as part of Reliance's green energy initiatives. The company is investing $10 billion over the next three years in green energy. Mukesh Ambani's actions suggest that eventually his three children could be leading separate divisions of Reliance. The promoter stake is today worth $110 billion.    Watch video

Some of India's biggest business conglomerates were started by families, such as the Tatas, Birlas and Ambanis. And most of them have gone from strength to strength, thanks to the advantages traditionally enjoyed by the family-run businesses, such as greater stability. But they are also susceptible to succession warfare, which can rip apart a wealthy clan -- for example, consider how things played out between Mukesh Ambani and Anil Ambani. This is where the importance of succession planning comes in. Apart from the feud between the Ambani brothers, the Bajaj family dispute and the Chettinad family dispute are some other examples of how family businesses can end up spending considerable time and resources on such squabbles. But, do family-owned trusts actually stop succession disputes from occurring in the first place. And, just as importantly, do they lead to a clear management structure?  Another important factor to be considered is the tax implications. However, are smooth succession and avoiding feuds the only motives behind adopting this model of governance? The other reasons could be that some fear the re-introduction of an inheritance tax or wish to ring-fence their assets to navigate around bankruptcy laws. According to the PwC Family Business Survey 2021, just one in every five Indian family business has a robust, documented and communicated succession plan in place. The direction taken by the Ambanis and Shriram group will inspire others in the country. Watch Video

Dubbed the 'Pandora papers' 11.9 million records, amounting to about 2.94 terabytes of data, surfaced on October 3rd, spewing dirty financial secrets of the super rich online.

According to Forbes Magazine there are 2,755 billionaires in the world today.  The top five industries where they made their money are Finance, Technology, Manufacturing, Retail and Healthcare. It is rare to become a billionaire, but even more unusual to reach that level and then lose everything, but it is not unheard of.  Today we'll look at ten one-time billionaires who later went bankrupt, and one whose net worth fell from eight billion dollars to two million dollars. Some of the people on this list lost their money through unfortunate investments, some through engaging in criminal activity. One gained her billions through divorce and then squandered it all, and one just gave it all away. Patrick's Books:Statistics For The Trading Floor:  https://amzn.to/3eerLA0Derivatives For The Trading Floor:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvC Patreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick Boyle YouTube Channel Support the show (https://www.patreon.com/PatrickBoyleOnFinance)

À la Une de la presse française, l'impulsion vaccinale accentuée en France par le gouvernement. Avec ce véritable appel au civisme économique lancé par Bruno Le Maire : le rebond de l'économie dépendra de la vaccination des Français. C'est au quotidien Le Parisien que le ministre de l'Économie le dit. « Notre croissance dépendra de la vaccination », résume Bruno Le Maire, qui trouve que, pour certaines professions particulièrement exposées, comme les soignants, l'obligation de vaccination lui paraît « naturelle ». Dans Le Parisien, le ministre souligne aussi que les tests gratuits, multiples, « et parfois de convenance pour les personnes qui refusent de se faire vacciner », dit-il, coûtent « près de 100 millions d'euros par semaine », soit 5 milliards d'euros cette année. Après son échec aux élections locales de dimanche dernier, le RN à la peine En congrès cette fin de semaine à Perpignan, sud de la France, le Rassemblement national est « en proie au doute avant 2022 », lance la manchette du Figaro, en référence à l'élection présidentielle prévue en avril de l'an prochain en France. Comme la plupart de ceux des autres partis, les électeurs de celui présidé par Marine Le Pen ont largement boudé les urnes lors du scrutin de dimanche dernier. Chez eux, « désormais, le cri de rage contre la doxa se fait davantage par l'abstention que par le vote Le Pen, souligne Le Figaro. La fonction tribunicienne s'est effacée sans que la légitimité à gouverner n'ait avancé d'un pouce. Pile, tu perds toujours, face, tu ne gagnes jamais », formule ce journal pour résumer ce qu'il appelle « l'impasse du RN ». L'abstention record de dimanche dernier préoccupe aussi la majorité qui cherche à séduire la droite Dans Le Figaro, le ministre de l'Intérieur l'appelle à l'« humilité ». Selon Gérald Darmanin, « les valeurs de la droite républicaine se retrouvent chez Emmanuel Macron : le travail et l'effort, l'ordre et la sécurité ». Raison pour laquelle il invite la majorité à « revoir la façon de faire fonctionner En marche ! », poursuit-il, estimant d'une formule qu'« une des solutions serait moins de visios, plus de bistrot ! », car, explique-t-il, un mouvement politique doit être « enraciné ». Selon le ministre de l'Intérieur, « partout où le numérique a remplacé le contact physique, la sanction a été forte ». Or LREM a un « problème de culture politique », déclare encore Gérald Darmanin dans Le Figaro. Rebondissement judiciaire dans l'affaire des « Rafale Papers », portant sur la vente de 36 avions de combat français à l'Inde Mediapart révèle qu'après avoir refusé de le faire, la justice française va finalement enquêter : « le 14 juin le tribunal judiciaire de Paris a ouvert une information judiciaire, confiée à un juge d'instruction, sur la vente par la France à l'Inde de 36 chasseurs Rafale de Dassault en 2016 ». Selon ce journal en ligne, le juge d'instruction va notamment se pencher sur les relations entre le groupe français d'aéronautique de défense Dassault et l'homme d'affaires indien Anil Ambani, propriétaire de l'entreprise indienne Reliance. Un homme au bras long, en quelque sorte, et qui est « soupçonné d'avoir obtenu un partenariat industriel avec Dassault sur les Rafale grâce à sa proximité avec le premier ministre indien Narendra Modi », énonce ce site Internet. Lequel met en ligne plusieurs documents inédits relatifs à la co-entreprise créée par Dassault et Reliance pour permettre à l'avionneur français de concrétiser ce marché de 7,8 milliards d'euros en Inde, des documents qui indiqueraient clairement, selon Mediapart, que Dassault « n'avait aucun intérêt à s'allier à Anil Ambani, si ce n'est pour son entregent politique ». L'action de la justice française est consécutive au dépôt d'une plainte de l'ONG anticorruption Sherpa avec constitution de partie civile pour des faits présumés de « trafic d'influence », « blanchiment », « favoritisme » et « concussion », délit qui consiste à accorder une ristourne fiscale « injustifiée » à un contribuable, explique Mediapart. Un militaire français blessé il y a cinq ans au Mali accomplit un exploit sportif : l'ascension du Mont Blanc Il est tout sourire, le sergent-chef Guillaume, dans les colonnes du journal Le Progrès, à la Une duquel, sac à dos, casquette vissée sur la tête, il grimpe les pentes du toit de l'Europe. Le 28 juin 2016, pourtant, ce militaire français de l'opération « Barkhane » a sauté sur un engin explosif artisanal, au Mali. Allez donc, après ça, grimper le Mont Blanc ! Lui vient de le faire. Au sommet (4810 mètres), le sergent-chef Guillaume a reçu un coup de fil du futur chef d'état-major des Armées, le général Thierry Burkhard ! « J'avance malgré tout, dit le sergent-chef Guillaume au journal Le Progrès. Je ne le fais pas que pour moi, mais pour tous ces blessés de guerre ». Chapeau, soldat !

Indian markets looked set to extend gains to the third consecutive day on Thursday, tracking cues from global peers, as SGX Nifty traded 75 points or 0.50% higher at 14,938 at around 7.25 am. However, the session could be marked by high volatility on account of weekly F&O expiry. Besides global cues, development on the Covid-19 front is likely to sway the market mood. Keeping in view the rising virus cases, Prime Minister Narendra Modi will interact with chief ministers of states today to discuss the Covid-19 situation and the ongoing vaccination drive which will be keenly tracked by market participants. Meanwhile, on the global market front, the S&P 500 and Dow closed slightly higher after minutes from the Federal Reserve’s latest meeting reiterated its commitment to keep interest rates low until the US economy makes a more secure recovery. The Dow Jones Industrial Average rose 0.05%, the S&P 500 gained 0.15% and the Nasdaq Composite dropped 0.07%. Most Asian equities tracked Wall Street's cautious gains and were up marginally. Australia’s S&P/ASX 200 Index rose 0.7%, Hong Kong's Hang Seng index added 0.43% while Japan's Nikkie 225 index shed 0.43%. Now, a look at the stock-specific triggers that are likely to guide the market today: Shares of Reliance Industries will be in focus today after Sebi imposed a total penalty of Rs 25 crore on Mukesh Ambani, Anil Ambani, other individuals and entities for non-compliance with takeover norms in a Reliance Industries case dating back to 2000. Anil Agarwal-led Vedanta Resources Ltd's sweetened offer to buy back 17.5 per cent share in its Indian flagship firm was subscribed 57.5 per cent, helping it raise its stake to about 65 per cent. If the maximum 651 million shares would have got tendered the promoter stake would have increased to72.6 per cent. UCO Bank on Wednesday said its board has approved allotment of preference shares to the government for infusing Rs 2,600 crore capital. Muthoot Finance is planning to raise Rs 1,700 crore through public issue of secured redeemable non-convertible debentures. The issue opens on April 8 and will close on April 29. Lastly, an update on the primary market. The initial public offer of Macrotech Developers was subscribed 26 per cent on the first day of subscription on Wednesday. The category for qualified institutional buyers was subscribed 58 per cent, non-institutional investors 11 per cent and retail individual investors 15 per cent.

CBI has filed a supplementary charge sheet in the AgustaWestland scam, NIA has arrested nine al Qaeda terrorists, Anil Ambani-led Reliance Capital's financial debt now works out to over Rs 19,805 crore & top stories making news throughout the day.

The Indian markets look set for a tepid opening today, with the SGX Nifty indicating a nearly 90 points decline at open from Nifty Futures' last close. This comes on the back of weak global cues as investors remained concerned about the strength of the recovery from the Covid-19 pandemic. Overnight, the US Federal Reserve pledged to hold interest rates near zero until at least 2023. The Fed said it would keep interest rates near zero until inflation is on track to “moderately exceed” the central bank’s 2 per cent inflation target “for some time,” with the aim of offsetting years of weak inflation and allowing the economy to add jobs for as long as possible. US shares rose with the Fed’s statement but then reversed gains as Fed Chairman Jerome Powell said the pace of the ongoing economic recovery is expected to slow. Overall, the S&P 500 fell 0.46 per cent and the Nasdaq dropped 1.25 per cent. Asian indices picked Wall Street's weak lead and were trading lower in Thursday's early deals. Australian ASX 200 and Japan's Nikkei lost 0.7 per cent, while Hong Kong’s Hang Seng index dipped 1 per cent..The Bank of Japan and the Bank of England will announce their respective policy decisions later in the day. Back home, investors can expect the session to remain volatile, with it being the weekly expiry day. Apart from this, investors might focus on stock-specific developments. They will also track defence minister's Rajnath Singh statement in the Rajya Sabha today on the India-China border issue. On the Covid front, India has crossed the 51-lakh mark in terms of cases while the death toll has risen to 83,230, according to Worldometer. A big focus in today's session will be the stock market debut of IT services firm Happiest Minds Technologies. The Rs 702-crore IPO last week garnered massive response from investors as it was subscribed 151 times. And now a quick look at some other top news. UBS Securities on Wednesday pegged India's GDP contraction at 8.6 per cent for FY21 as against its earlier prediction of 5.8 per cent. It said the country's potential rate of growth has also come down to 5.75-6.25 per cent as per its estimate as against 7.1 per cent, driven by factors including the weak government response to arrest the growth slide. Indian lenders are keenly watching the outcome of a petition filed by State Bank of India in the Supreme Court, which invoked the personal guarantees of Anil Ambani. The SC will hear the petition today. The Tata Group companies might trade actively today after reports emerged saying that the group's industrial infrastructure firm Tata Projects is likely to bag the government’s ambitious Parliament redevelopment project.

Personal Insolvency process against Anil Ambani: why has NCLT ALLOWED IT AND WHAT ARE THE IMPLICATIONS --- Support this podcast: https://anchor.fm/nirmit-verma/support

SGX Nifty is indicating at an open above the crucial 10,000 level for the Nifty today after global markets rallied as investors focused on easing lockdown restrictions and signs of economic recovery. A late-session rally pushed Wall Street to solid gains overnight. The Dow Jones rose 1 per cent, the S&P 500 gained 0.82 per cent, and the Nasdaq Composite added 0.6 per cent. Asian stocks followed Wall Street's lead. Japan’s Nikkei was 2 per cent higher and Australian ASX 200 rose 1.1 per cent in Wednesday's early trading. In commodities, oil prices climbed more than 3 per cent overnight on hopes that major crude producers will agree in Thursday's meeting to extend output cuts. Brent crude was last trading at $40.24 a barrel. Meanwhile, India's coronavirus tally crossed the 2 lakh-mark yesterday. The Indian Council of Media Research has said that India is far from the peak of Covid-19 even though the Health Ministry on Tuesday asserted that the coronavirus recovery rate is continuously improving. The Street will also react to the corporate results announced post market hours yesterday. Private airline IndiGo reported a net loss of Rs 870.8 crore for the March quarter as compared to a Rs 596 crore profit in the year-ago quarter. This was largely because air travel remained severely disrupted during the quarter due to the Covid-19 outbreak. Britannia Industries reported largely in-line numbers for the quarter under review, despite the lockdown hitting revenue and profit growth by 7-10 per cent. Overall, Britannia's consolidated net profit rose 26.5 per cent to Rs 372.35 crore helped by a lower tax outgo. A total of 15 companies including Aurobindo Pharma, BPCL, and Cholamandalam Investment are scheduled to announce their March quarter results today. Investors will also keep a keen eye on the PMI Services data for May which will be announced later in the day. And, in the end, some other top news. Anil Ambani-promoted Reliance Infrastructure has defaulted to the tune of Rs 3,315 crore. The company’s annual report for FY20 stated that it has defaulted on payments of both interest and principal to various lenders. Tata Motors' stock could be active in today's session after the company announced that it has resumed operations across all its manufacturing plants in the country. And, Nearly 70 per cent of the listed universe could now be part of the MSME category after the Union Cabinet approved the revised MSME definition, an analysis of their sales data showed. The Cabinet had cleared reclassification of medium-scale companies as those with Rs 50 crore investment and Rs 250 crore of turnover. Read by Kanishka Gupta

¡Re-enfócate y actúa! Estos tiempos son el momento ideal para actuar a base de esta cita que reflexionaremos y traduciremos en el audio de hoy:  “Concentration can be cultivated. One can learn to exercise willpower, discipline one’s body and train one’s mind.” -Anil Ambani

At one point in August 2018, the YES Bank stock was trading at around Rs 300 and the then MD & CEO Rana Kapoor had vowed never to sell his shares. He wanted to pass them on to his daughter. A year and a half later, the situation today is completely different.  At 1:30 pm today, the YES Bank stock was trading at Rs 16.80 apiece on the BSE, down by about 55 per cent from previous close. In fact, it had crashed as much as 85% earlier in the day to Rs 5.55. In a late evening announcement on Thursday, the Reserve Bank of India (RBI) superseded the board of YES Bank and imposed a month-long moratorium citing the bank’s poor financial conditions. For depositors, this means that they cannot withdraw more than Rs 50,000 without written permission from the RBI during this period. For its part, the bank cannot grant or renew any loans, or “incur any liability”, except for payment towards employees’ salaries, rent, taxes and legal expenses till the moratorium is in place. However, in situations of medical emergency or marriages, depositors could withdraw up to Rs 5 lakh or the amount lying in account, whichever is less. The RBI also appointed former State Bank of India chief financial officer Prashant Kumar as YES Bank’s administrator. The central bank said it was left with no alternative except taking this decision in the interest of the public and the bank’s depositors. The RBI averred that the steady decline in the financial condition of the bank had been largely due to inability of the bank to raise capital to address potential loan losses and resultant downgrades, triggering invocation of bond covenants by investors, and withdrawal of deposits. Companies that failed to repay their loans to YES Bank include Dewan Housing Finance, Essel group, CG Power, the Anil Ambani group companies, and Videocon. The crisis at the bank began in 2018 and grew gradually. In September that year, the RBI reduced Rana Kapoor’s new three-year term as CEO until January 31, 2019. The next day, the YES Bank stock tanked 30 per cent and continued its downward spiral. In October, the RBI refused Kapoor more time and asked the promoters of the bank to find a new CEO. All this led to poor quarterly results and the bank’s asset quality deteriorated. YES Bank later said it had a huge exposure to debt-laden IL&FS. Independent director Ashok Chawla resigned from the YES Bank board, and Vasant Gujarathi stepped down. In November, independent director Rentala Chandrashekhar resigned. The same month, Moody's downgraded the bank's rating, owing to the resignations from the board. After Kapoor’s exit, new CEO Ravneet Gill, who came from Deutsche Bank — was tasked with reviving the bank. However, Gill failed to bring any respectable investor on board, even as several names came up — from Microsoft and Paytm, JC Flowers and Tilden Park Capital. In fact, in a bizarre case, one of the potential investors turned out to a man who had filed for bankruptcy in Canada. So, what now? In view of the recent move, RBI Governor Shaktikanta Das on Friday said: "The decision is taken at a 'larger level', not at individual entity level, and the move is  aimed at ensuring safety of financial system." The governor expressed confidence that the YES Bank resolution would be done very swiftly, and that 30 days had been set as the outer limit. Meanwhile, vexed customers of the bank are facing multitude of problems in withdrawing and transferring their money using ATMs and online platforms. Long queues were seen outside YES Bank ATMs. Problems have been reported in the bank’s mobile application and net banking services, too. The services of Walmart-owned PhonePe, which uses YES Bank’s banking system for payments, has also been down since Thursday evening. State Bank of India confirmed that its board had given its in-principle approval to consider an “investment opportunity” in YES Bank, although no decision had ye

Here, Zaki and Waquas talked about the downfall of Anil Ambani. How he became nobody from being the 6th richest person in the world. Listen to this podcast episode to know about his business life in the last decade.

News in Order

Expiry of October series of Futures and Options (F&O) contracts and corporate results would dominate the investor sentiment on Thursday. Besides, a third interest rate cut by the US Federal Reserve could also lift indices. The Fed on Wednesday cut interest rates by 25 bps to a range between 1.5-1.75 per cent to ensure the US economy weathers a global trade war without slipping into a recession. It, however, signalled at a pause in the rate cut cycle.  That apart, telecom stocks could see major movements today after Reliance Jio on Wednesday attacked incumbent operators saying the SC judgment will have no impact on the government’s digitisation programs, as operators were in any case not investing sufficiently.  UK's Standard Life on Wednesday divested 4.95 per cent stake in HDFC Life Insurance Company for a little over Rs 5,750 crore through open market transactions. The US-based Capital Group is among the buyers which picked up shares of the insurance firm. Reliance General Insurance, part of Anil Ambani-led Reliance Group, has decided to withdraw its proposed initial share sale offer. The initial public offering (IPO) was slated for fresh issue of shares worth Rs 200 crore, besides an offer of sale of 79,489,821 shares by Reliance Capital. Rating agency CARE has downgraded its rating on Vodafone Idea Ltd’s long-term loans and debentures from “A” to “A-” and also paced the rating under watch with negative implications. The revision in long-term ratings factors in the Supreme Court’s (SC’s) recent ruling that telecom players have to include non-core revenues in their adjusted gross revenue (AGR) to calculate their license fee dues. Based on the court order, the Department of Telecommunications (DoT) can now raise its demand from Vodafone Idea to Rs 28,309 crore. On the macro front, India's infrastructure output print for September will be unveiled later today.  On Wednesday, the S&P BSE Sensex added 220 points or 0.55 per cent to end at 40,052. On the NSE, the Nifty50 index ended at 11,844, up 57 points or 0.49 per cent. EARNINGS TODAY Indian Oil Corporation is scheduled to report its Q2 results today along with 40 other companies.  GLOBAL CUES Asian shares and US stock futures edged higher on Thursday. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2 per cent. Japan’s Nikkei stock index rose 0.41 per cent, but Australian shares fell 0.24 per cent. On Wall Street, the S&P500 gained 0.33 per cent to close at a record high. The Dow Jones Industrial Average rose 0.43 per cent, while the Nasdaq Composite added 0.33 per cent. In the energy market, oil futures extended declines on Thursday as a massive buildup in US crude stockpiles reinforced concerns about oversupply. Brent Crude was trading at $60.70 per barrel mark in the early trade.

This week's Reporters Without Orders features host Cherry Agarwal with Newslaundry's head of research Ayush Tiwari and desk writer Gaurav Sarkar. The panel talks about the impact Sandeep Bamzai's tutelage has had on IANS, a petition presented to the Supreme Court seeking permission for Muslim women to offer namaaz in mosques and Maneka Gandhi's comments on the un-secret nature of secret ballots.Ayush kickstarts the discussion with his own article about how a news agency, IANS, that has off late become "a part of the larger trend of media layoffs" as it suffocates under the corporate ownership of Mr Anil Ambani. He reveals examples of reporters at IANS and establishes a growing pattern alongside other media organizations such as Vice and Buzzfeed. The panel goes on to discuss the intricacies of corporate ownership and the direct influence they exercise on editorial management. Ayush also talks about a Swarajya Magazine report about how the family of a minor Dalit girl who was kidnapped by a man that happened to be Muslim were denied the right to file an FIR by the police since they did not want it to flare up into a ‘Hindu-Muslim' issue. The panel then went into discussing the implications of ‘pseudo-secularism' that dominates the Indian narrative today.Gaurav discusses an archaic ritual that Shashi Tharoor made a mockery of himself participating in. The ritual, called ‘Tulabharam', is one where a person's “BMI is weighed in phool, phal and gold” and Tharoor fell off the scales having to endure 11 stitches afterwards. The panel delved into the problems associated with the endorsement by politicians of religious traditions such as these and the implications that such engagement had on the sentiments of the voting public. He also brought up a recent plea put before the Supreme Court by a Pune-based couple that sought permission to let women offer prayers in mosques. The discussion questioned the fast-paced nature of the proceedings as well nuances of religion such as the “contest between personal liberty and religion” and the stronghold of the religious orthodoxy.Cherry drives the conversation towards the larger question of the responsibility of the media. She references a specific tweet by Times Now that says, “A political leader has said something communal, listen in” and questions the ethicality of cashing in on hate in the name of journalism. While Ayush agrees that its ‘clickbait' tone was questionable, it is not the place of the media to dictate whether something, communal or otherwise, should be censored or not. The media should contextualize information, is what the panel agrees on, irrespective of that content that is. Cherry goes on to talk about Maneka Gandhi's comment on not helping Muslim voters if they didn't vote for her and lays down the reality of contemporary times wherein the concept of secret ballots is conceptually dead. With the Election Commission now providing politicians with a constituency-wise break up of votes via Form 20, the panel dived deep into the vulnerability of voters today.The panel also brings up the ineffectiveness of the EC and the Supreme Courts backhand comments on its exercise of powers, the trend of the Supreme Court gaining an “inordinate amount of power”, as well as the oft-ignored details of Islam in terms of its various schools of law.This and more, so listen up! See acast.com/privacy for privacy and opt-out information.

This week’s Reporters Without Orders features host Cherry Agarwal with Newslaundry's head of research Ayush Tiwari and desk writer Gaurav Sarkar. The panel talks about the impact Sandeep Bamzai’s tutelage has had on IANS, a petition presented to the Supreme Court seeking permission for Muslim women to offer namaaz in mosques and Maneka Gandhi’s comments on the un-secret nature of secret ballots.Ayush kickstarts the discussion with his own article about how a news agency, IANS, that has off late become "a part of the larger trend of media layoffs" as it suffocates under the corporate ownership of Mr Anil Ambani. He reveals examples of reporters at IANS and establishes a growing pattern alongside other media organizations such as Vice and Buzzfeed. The panel goes on to discuss the intricacies of corporate ownership and the direct influence they exercise on editorial management. Ayush also talks about a Swarajya Magazine report about how the family of a minor Dalit girl who was kidnapped by a man that happened to be Muslim were denied the right to file an FIR by the police since they did not want it to flare up into a ‘Hindu-Muslim’ issue. The panel then went into discussing the implications of ‘pseudo-secularism’ that dominates the Indian narrative today.Gaurav discusses an archaic ritual that Shashi Tharoor made a mockery of himself participating in. The ritual, called ‘Tulabharam’, is one where a person’s “BMI is weighed in phool, phal and gold” and Tharoor fell off the scales having to endure 11 stitches afterwards. The panel delved into the problems associated with the endorsement by politicians of religious traditions such as these and the implications that such engagement had on the sentiments of the voting public. He also brought up a recent plea put before the Supreme Court by a Pune-based couple that sought permission to let women offer prayers in mosques. The discussion questioned the fast-paced nature of the proceedings as well nuances of religion such as the “contest between personal liberty and religion” and the stronghold of the religious orthodoxy.Cherry drives the conversation towards the larger question of the responsibility of the media. She references a specific tweet by Times Now that says, “A political leader has said something communal, listen in” and questions the ethicality of cashing in on hate in the name of journalism. While Ayush agrees that its ‘clickbait’ tone was questionable, it is not the place of the media to dictate whether something, communal or otherwise, should be censored or not. The media should contextualize information, is what the panel agrees on, irrespective of that content that is. Cherry goes on to talk about Maneka Gandhi’s comment on not helping Muslim voters if they didn’t vote for her and lays down the reality of contemporary times wherein the concept of secret ballots is conceptually dead. With the Election Commission now providing politicians with a constituency-wise break up of votes via Form 20, the panel dived deep into the vulnerability of voters today.The panel also brings up the ineffectiveness of the EC and the Supreme Courts backhand comments on its exercise of powers, the trend of the Supreme Court gaining an “inordinate amount of power”, as well as the oft-ignored details of Islam in terms of its various schools of law.This and more, so listen up! See acast.com/privacy for privacy and opt-out information.

Anil Ambani thanks Mukesh Ambani, Nita for timely support in clearing dues #ANILAMBANI #MUKESHAMBANI #NEETAAMBANI #DUES See omnystudio.com/listener for privacy information.

In the latest episode of NL Hafta, the usual gang of Abhinandan Sekhri, Manisha Pande, Raman Kirpal and Anand Vardhan are joined by journalist Kaveree Bamzai to discuss Pulwama attack, harassment of Kashmiri student in Dehradun, MBS’ visit to India and more.The conversation kicks off with Kaveree talking about surviving as an independent, freelance journalist in the industry. She also talks about the casual sexism and misogyny in newsrooms.Then, the panel moves on to discuss the attack on CRPF convoy in Pulwama where 44 soldiers lost their lives. Manisha, while talking about the news coverage of the Pulwama attack, says, “Newspapers did a far better job of telling us what happened, the mastermind, raising questions on how 300kgs of explosive just goes through undetected.” Kaveree jumps in and feels the basic questions were ignored, she says, “It was a marketing opportunity which both PM Modi and TV channels saw.” She also mentions how Syed Ali Shah Geelani and Yasin Malik were forgotten, in the recent order of security withdrawal of separatists.Following the discussion on Pulwama attack and the back and forth between India and Pakistan, the panel also discusses how some journalists in India had to go through harassment. Journalists like Ravish Kumar and Barkha Dutt were harassed with lewd messages and photos. Defending Barkha’s move to put out all the messages and photos on Twitter, Kaveree said, “She has every right to tell people that this is the kind of abuse I am getting and if they don’t understand, to give them visual proof, it’s called shock therapy and it usually works.”The panel also discussed CobraPost’s Operation Karaoke, Supreme Court’s order asking Anil Ambani to pay dues in the Ericson case, Saudi crown prince Mohammad bin Salman’s visit to India and more. Listen up! See acast.com/privacy for privacy and opt-out information.

Industrialist Anil Ambani was held guilty of contempt today by the Supreme Court, which said he will go to jail for three months if he doesn't pay Rs. 453 crores to Ericsson India within four weeks.

In the week gone by, major focus remained towards RBI’s monetary policy decision. In a surprise move, the Reserve Bank of India cut the repo rate by 25 basis points in its sixth bi-monthly monetary policy statement for FY19. As you know that, any hike in the repo rate increases the lending rate in the banks, and vice versa. But the world always looks different if you look at it from the household’s point of view. A high policy rate also means high deposit rates. So, with this rate cut, should an average household be happy… or sad? Meanwhile, a massive crash in shares of Tata Motors & Anil Ambani group stocks shook the markets this week. We talk about what triggered a collapse in detail. And we have lots more. Tune in!

Welcome to the first episode of NL Hafta in 2019! Host Abhinandan Sekhri is joined by the regular gang of Manisha Pande, Raman Kirpal and Anand Vardhan, and special guest Dushyant Arora, lawyer and chief editor of News Central 24x7.The conversation starts with Abhinandan asking the panellists their views on ANI editor Smita Prakash’s interview with Prime Minister Narendra Modi. The interview's earned a fair share of commentary and dissent, primarily against the journalist for being too soft on the PM. Anand takes the lead on the issue, saying he does not find it objectionable if a member of the media is respectful to a man in Modi's position. “That is the dignity the office carries, not the individual,” he says. But is it really respect or is it diffidence? Dushyant says, “The dignity of the office … is enhanced with greater questioning.”The panel then discusses the 28 counts of criminal defamation filed by Anil Ambani against various news organisations. Dushyant weighs in with a legal perspective, describing how the provisions of the NSA stack the odds against the accused, and how defamation has historically been used as a tool to "intimidate and silence" journalists.The conversation shifts to the 620-kilometre human wall formed by women in Kerela. Abhinandan notes that the effort was backed by the state to support the feminist struggle regarding entry of women of menstrual age into Sabarimala temple. Manisha candidly says the act, while commendable, didn’t really move her. She says this is not where “the heart of the feminist battle lies”. Dushyant adds that the act of conducting a shudhikaran after two women managed to enter the temple is unconstitutional.Moving on to the BJP-Congress faceoff about making a rendition of Vande Mataram, Abhinandan says, “For any society to progress, there has to be an active opposition of defiance for such things.” The panel unanimously spoke against this, as well as the mandate that requires movie theatres to play the national anthem and viewers to stand in a perfunctory display of patriotism.Another issue that sparked impassioned discussion from the panel was the leaked Rafale audio clip. They raised questions and expressed curiosity about the identity of the elusive “Mr X”—the journalist heard in conversation with Goa minister Vishwajit Rane. Abhinandan points out this oversight in the reportage of the issue on primetime news channels.Tune in to NL Hafta to find out more! See acast.com/privacy for privacy and opt-out information.

It's been an exciting week in news, and we have an exciting panel in this episode of NL Hafta! We're joined by NDTV’s political editor and anchor of Reality Check, Sunetra Choudhary, with the regular Hafta gang of Abhinandan Sekhri, Raman Kirpal, Manisha Pande and also Madhu Trehan, our editor-in-chief.The episode kicks off with the CBI versus CBI drama. Sunetra has been covering the CBI for a long time and gives us some insight into this case. We find out why this case is important and how it’s got all the ingredients that make up a good news story. Sunetra also tells us about talented BJP spokespersons who make appearances on NDTV. The panel then moves on to discuss Smriti Irani’s bizarre comment based on a piece of fake news. Madhu tells us how the Sabarimala issue has gotten out of hand and why no political party wants to irk the Ayyappa devotees in exchange for votes.This Hafta episode also continues the discussion on #MeToo and talks about Tavleen Singh and Seema Mustafa’s take on the issue. Is there no space for nuance in this movement?From Kashoggi’s gruesome murder to Saudi Crown Prince Mohammed bin Salman’s fake outrage and the West’s reaction to the case—Abhinandan shares his thoughts. In the context of Anil Ambani suing NDTV for ₹10,000 crore, Madhu is reminded of a Netflix documentary, Nobody Speak.The team also discusses Abhijit Iyer-Mitra’s recent arrest for his comments, and the irony of the entire episode.Finally, the Hafta gang discusses the dilemma of separating art from artist considering the recent developments in the wake of the #MeToo movement. Should we stop watching Woody Allen movies after he has been called out? Tune in to find out! See acast.com/privacy for privacy and opt-out information.

In this issue of NL Hafta, Hartosh Singh Bal, political editor of The Caravan, joins the regular Hafta gang of Abhinandan Sekhri, Madhu Trehan, Anand Vardhan, Manisha Pande and Raman Kirpal. They discuss The Caravan’s cover story on Anil Ambani and the Rafale deal.Manisha tells us about the reading down of Section 377, and how it is major a civil rights victory in India. The unanimous decision by the Supreme Court was met with much elation, we hear more about the sequence of events that led to this historic win.Abhinandan then brings up the report on Kanhaiya Kumar contesting in Begusarai on a CPI seat. Anand Vardhan talks about Begusarai, a region prominently known for Left politics.The conversation then moves on to Myanmar where two Reuters journalists were arrested under the Official Secrets Act after their report on the killing of 10 Rohingya men and boys. Madhu Trehan compares Aung San Suu Kyi and Nelson Mandela, and talks about Kyi’s perception as a humanitarian, during the current civil crisis in Myanmar.The team also discusses NBSA asking Arnab Goswami and Republic TV to apologise and the arrest of Lois Sofia for shouting slogans on board a plane. Listen up. See acast.com/privacy for privacy and opt-out information.

NL Hafta has gone behind the paywall, but we love our listeners. So, here's a little sneak peek into the complete episode. In this episode, Hartosh Singh Bal, political editor of The Caravan, joins the regular Hafta gang of Abhinandan Sekhri, Madhu Trehan, Anand Vardhan, Manisha Pande and Raman Kirpal. They discuss The Caravan’s cover story on Anil Ambani, Rafale deal, Lois Sofia’s arrest and more. Listen up! See acast.com/privacy for privacy and opt-out information.

The IT sector first quarter results are out and the Sensex finally has something to cheer about. TCS is leading from the front reports better than expected profits. Anil Ambani's Reliance Big Entertainment is taking the Hollywood path by signing a deal with Steven Spielberg's Dreamworks. The Ambani brothers are at it again!! Straight out of a scene from Bollywood hit, Deewar,they are fighting for the gas in krishna Goadavri basin. The 2 brothers fight it out in the legal battlefield.

Welcome to the fastest Indicast Episode! You may hear a few horns and disturbances on your way to the last minute coz Aditya is in a cafe using "chori ka wi-fi"!!! The story of the week has been how Hutchison Telecom like a lump of jaggery has attracted ants from all corners of the globe! Essar, Reliance, hinduja, Vodafone all want to taste some success in the telecom sector and Hutchison is enjoying the attention. We predict a bidding war and Mr. Li, the owner has all reasons to be happy! Mumbai Marathon, the biggest event in the country will kick off on Jan 21, and will see 30,000 runners including the likes of Anil Ambani. So, what's special? RFID!!! Listen to know more!!!

Welcome to the fastest Indicast Episode! You may hear a few horns and disturbances on your way to the last minute coz Aditya is in a cafe using "chori ka wi-fi"!!! The story of the week has been how Hutchison Telecom like a lump of jaggery has attracted ants from all corners of the globe! Essar, Reliance, hinduja, Vodafone all want to taste some success in the telecom sector and Hutchison is enjoying the attention. We predict a bidding war and Mr. Li, the owner has all reasons to be happy! Mumbai Marathon, the biggest event in the country will kick off on Jan 21, and will see 30,000 runners including the likes of Anil Ambani. So, what's special? RFID!!! Listen to know more!!!

Welcome to the fastest Indicast Episode! You may hear a few horns and disturbances on your way to the last minute coz Aditya is in a cafe using "chori ka wi-fi"!!! The story of the week has been how Hutchison Telecom like a lump of jaggery has attracted ants from all corners of the globe! Essar, Reliance, hinduja, Vodafone all want to taste some success in the telecom sector and Hutchison is enjoying the attention. We predict a bidding war and Mr. Li, the owner has all reasons to be happy! Mumbai Marathon, the biggest event in the country will kick off on Jan 21, and will see 30,000 runners including the likes of Anil Ambani. So, what's special? RFID!!! Listen to know more!!!