India Business News: Billionaire Mukesh Ambani's Reliance is close to merging its India media business with Walt Disney with a 51%-54% stake, a deal that values the US gia
The deal will strengthen Reliance s hold over India s $28 billion media and entertainment market, especially after a separate $10 billion merger deal between Japan s Sony and India s Zee Entertainment collapsed last week.
Car maker Hyundai was fined Rs 87 crore by the Competition Commission of India (CCI) for anti-competitive discounting of its cars in a complaint made by two informants and Hyundai dealers - Fx Enterprise Solutions and St Antony’s Cars.