Reliance is again in the news. Whether these are for good reasons or bad depends on from which side of the bed you wake up. True to style, corporate moneybag Mukesh Ambani made an explosive launch. His 97 per cent subsidiary, Reliance Jio, unleashed a telecom service that took the industry by storm. Bandied as the cheapest mobile data network anywhere in the world, Jio made people take notice. Not just that. India woke up that day with their Prime Minister smiling at them from the first page of newspapers. It was a masterstroke to show the second citizen of the country as a surrogate ambassador.
Within a few days, embattled brother Anil Ambani struck. His Reliance Communication, he said, would merge with Aircel in the mother of all mergers, making it the largest amalgamation in the Indian telecom space. It would have an asset base of Rs. 65,000 crore and net worth of Rs. 35,000 crore. The others weren’t far behind. Airtel and Vodafone cut data rates to keep up with the Joneses, sorry Jio. Next, they hit where it hurt most: the two companies didn&rs
It has been an exciting 16 days of the 31st Olympic Games held in Rio de Janeiro. Ever since the torch was lit and the flag flew high, we sat peeled in front of the TV, either excitedly watching a nail-biting heats or a record-breaking final.
Located in the southern hemisphere, it is now winter in South Africa. We had the first bite of this when we came out of the Johannesburg (JNB) airport. Accustomed to the long summer that stretches almost through the year in Chennai, temperatures around 5 degrees Celsius didn’t quite cut it.
“There are high expectations on a single market for finance, telecom, digital data... by 2018, perhaps with full implementation by 2019,” said Gopal Srinivasan, Chairman and Managing Director, TVS Capital Funds Ltd.
It was a grand concept: to commemorate the centenary of M S Subbbulakshmi, to set up a chair in her name at an American university and also to raise resources for expanding the charitable activities of Sankara Nethralaya.
A decade ago, in his address at the CII National Conference at Delhi, Prime Minister Manmohan Singh propounded the concept of inclusiveness. He urged business leaders to work towards an inclusive society providing wider opportunities for those sections that have been kept out of social and economic development.
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.