Amazon poised to get EU antitrust okay for MGM buyout

Amazon poised to get EU antitrust okay for MGM buyout

Amazon is expected to win unconditional European Union (EU) antitrust approval for its $8.5 billion buy of US movie studio MGM, people familiar with the matter said, a move that is set to ramp up competition with streaming rivals Netflix and Disney+.

Announced in May last year, the d...


India receives chip-making proposals worth $ 20.5 bn

India receives chip-making proposals worth $ 20.5 bn

India has received proposals worth $20.5 billion from five companies to manufacture semiconductor fabs and display fabs locally, according to a government statement.

Companies including Vedanta, in joint venture with Apple vendor Foxconn, Singapore-based IGSS Ventures Pte and ISMC ha...


NXTDigital announces reconstitution of Board

NXTDIGITAL proposes transfer of digital, media & communications biz

India’s premier integrated digital platforms company NXTDIGITAL Limited, the media vertical of the Hinduja Group, with a presence in digital cable, satellite (HITS), broadband, content syndication and teleshopping, on Thursday held a meeting for the approval of the proposed scheme of arrangement between NXTDIGITAL Limited (NDL) and Hinduja Globa...


Jio forms JV with SES for satellite broadband

Jio forms JV with SES for satellite broadband

Jio Platforms Limited (“JPL”), India’s leading digital service provider, and SES, a leading global satellite-based content connectivity solutions provider, today announced the formation of a joint venture – Jio Space Technology Limited – to deliver the next generation scalable and affordable broadband services in India leveraging satellite techn...


NXTDigital shareholders approve merger with Hinduja Global

NXTDigital FY22 9-month revenue up 12.8% to Rs. 807.6 cr.

Digital platforms company NXTDIGITAL Limited, the media vertical of the Hinduja Group, Saturday announced the financial results for the 9-month period ending December 31, 2021 and Q3 of FY22 where data showed that consolidated revenue for the nine-month grew by 12.84 percent to Rs 807.6 crore, up from Rs 715.71 crore...


Airtel broadband, mobile services go down across India

Airtel broadband, mobile services go down across India

Bharti Airtel broadband and mobile services experienced a mega outage on Friday as millions of students and workers across the country, including Delhi and Mumbai, were left without Internet amid ongoing online classes and work meetings for several minutes before it started appearing back for some users, albeit slowly. The company said in a s...