Indian billionaire Mukesh Ambani’s Reliance Industries and Walt Disney initiated the antitrust due diligence for the planned Reliance-Disney merger. Reliance appointed Khaitan & Co and Shardul Amarchand Mangaldas, while Disney enlisted AZB & Partners. Four individuals familiar with the matter confirmed that the merger is expected to encounter antitrust challenges and undergo intense scrutiny. Reliance-Disney Merger Plans Advance with Key Legal Appointments Reliance appoints Indian law firm Khaitan & Co and Shardul Amarchand Mangaldas, while Disney brings in AZB & Partners. The move signals progress as both companies, with major streaming services and 120 television channels, consider merging to create…
Author: Editorial Team
SpaceX has launched satellites that function like cell phone towers for mobile phone networks into space. It will help in getting mobile connectivity regardless of any location on earth. Elon Musk who runs X or former Twitter is the owner of the space exploration company that has achieved this feat. Six Starlink satellites with direct-to-mobile phone connectivity were sent into space in the Falcon 9 spacecraft on 2nd January 2024. The company has scheduled the testing of these satellites after a few months. Importance of Satellite-Based Internet Network It is an important step towards beginning the services of satellite-based internet.…
On January 17, Samsung Electronics is hosting the Samsung Galaxy Unpacked Event in San Jose, California, breaking tradition with a shift from its usual South Korean headquarters. The event, scheduled for 11:30 PM IST/10:00 AM PST, will showcase the highly anticipated Samsung Galaxy S24 series, promising an innovative mobile experience powered by AI. Samsung emphasizes an all-new standard in intelligent mobile functionality as it unveils premium Galaxy innovations. The Samsung Galaxy Unpacked event will be accessible through Samsung’s website and YouTube channel, streaming live at 10 AM PST, 1 PM EST, 6 PM GMT, and 7 PM CET. The South…
The trailer of the soon-to-be-released crime series ‘Killer Soup’ is out. Manoj Bajpayee and Konkana Sensharma are in the lead roles. The series will be released on 11th January 2024. The over-the-top platform Netflix posted the update on the trailer on Instagram. The trailer is short and lasts two minutes and a few seconds. Fans have liked the trailer and expect it to be a crazy story filled with excitement and chaos. Manoj Bajpayee Posts Spooky Photos And Updates on Killer Soup Manoj Bajpayee has posted updates about the series on his social media accounts. Fans are surprised by the…
Barely two days into the public domain, the earliest iteration of Mickey Mouse rampages freely, having slashed free of Disney’s copyright on Monday. Two horror films already focus on the iconic character from “Steamboat Willie.” Just hours after the 1928 short entered the public domain on Monday, a trailer for “Mickey’s Mouse Trap” dropped on YouTube. Another yet-to-be-titled film was announced on Tuesday. Early Mickey Mouse’s Sinister Debut Walt Disney and Ub Iwerks directed “Steamboat Willie,” the third cartoon featuring early versions of Mickey and Minnie Mouse, and the first to be released. In this animation, a more menacing Mickey,…
The Supreme Court has ruled against transferring the Adani-Hindenburg case investigation from SEBI to a Special Investigation Team (SIT). The court instructed SEBI to conclude its probe into two pending cases against the Adani group within three months. Following the judgment, billionaire Gautam Adani declared that the ‘truth has prevailed,’ expressing his reaction just moments after the Supreme Court upheld SEBI’s clean chit regarding allegations by US-based short seller Hindenburg Research. https://twitter.com/gautam_adani/status/1742423792276943079 Supreme Court Grants SEBI Three Months for Adani-Hindenburg Case Investigation The Supreme Court, led by Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra,…
Ashok Vaswani, a seasoned banker with extensive experience at Barclays and Citigroup, earned recognition for pioneering digital banking as a ‘digital evangelist’ at Barclays, contributing significantly to the bank’s recovery after the 2008 financial crisis. Holding roles as a chartered accountant and company secretary, Vaswani played a pivotal part in reshaping Barclays’ retail strategy after the global financial crisis. Notably, he introduced Europe to digital banking through the innovative ‘Pingit’ mobile payments service. Ashok Vaswani has recently taken the helm as the Managing Director (MD) and CEO of Kotak Mahindra Bank, succeeding Dipak Gupta. This transition follows the interim leadership…
People familiar with the matter stated that Reliance Jio submitted necessary documents to IN-SPACE, the space industry regulator. They anticipate imminent authorizations crucial for deploying global satellite bandwidth capacity in India. Sources suggest Jio may receive landing rights and market access approvals from IN-SPACE this month, vital for launching its satellite-based gigabit fibre services in India, led by Mukesh Ambani. Reliance Jio submitted essential documents to IN-SPACE, the space industry regulator. An insider informed ET that the anticipated authorizations, crucial for deploying global satellite bandwidth capacity in India, are imminent. IN-SPACE Chair Says Multiple Applications in Progress Securing authorizations is…
Hindustan Unilever Ltd (HUL), a prominent FMCG maker, faces GST demands and penalties of Rs 447.5 crore from authorities in five states. The orders, received on December 30 and 31, 2023, involve issues like disallowance of GST credit and taxation on expat salaries. In a late-night regulatory filing on Monday, HUL, the owner of brands such as Lux, Lifebuoy, Surf Excel, Rin, Pond’s, and Dove, stated that these orders are currently appealable, and the company will assess its options. HUL Faces GST Challenges Last week, GST officials from different zones passed a total of five orders for the company, addressing…
PM Modi inaugurated the new terminal building of the Tiruchirapalli International Airport on 2nd January 2024. The terminal building at the airport consists of two levels. It has been built at a cost of more than 1100 crore rupees. The building can accommodate more than 44 lakh people per year. It can also bear about 3500 passengers in busy times or peak hours. This information has been provided by the prime minister’s office or PMO which has posted this on an official release. The new terminal building has excellent facilities. It has the latest and most advanced features, making travelling…