Reliance Industries To Sign Deal with Disney's India Unit

India's largest private sector company Reliance Industries is set to sign a business deal with Walt Disney’s Indian unit. With this deal Reliance will acquire content for its telecom operations.

The contract between Reliance with UTV Software in which Disney controls 50.44% is expected to be completed very soon. The deal is expected to give Reliance access to games, entertainment and children's content for their telecom operations.

Reliance is all set to build a data-focused business which will allow users to access mobile, smartphone, tablet and computer to the net and online related services through a wireless broadband network.

Coal India & ONGC Overtakes RIL’s Position in India’s Most Valued Firm

Recently state-run Coal India had taken over the top position form Reliance Industries as India’s most valued firm, and now PSU major ONGC has snatched RIL’s second position too.

Mukesh Ambani-led Reliance Industries now is the third most valued company in India at market valuation charts. 

 

Coal India Ltd (CIL) maintained top position with a market capitalisation of Rs 2,50,580 crore, ONGC stands with a market valuation of Rs 2,38,528 crore, while RIL's market value stands at Rs 2,37,882 crore at the BSE.

Four years ago RIL had toppled state-run ONGC to become India's most valued firm, but has now slipped below the two public sector firms in terms of market valuation.