Live
- A Guide to Temperature and Humidity Standards in Data Center Server Rooms
- Gadwal collector briefs on details of voters
- Jupally Krishna Rao takes part in Alampur rallu
- Bharath Prasad files 3rd Nomination
- Baisakh Month: A Time of Auspicious Beginnings and Sacred Festivals
- Oust BJD govt for overall development, says Shah
- Unveiling the Hidden Gems: Surprising Health Benefits of Garlic Peels
- Overcoming Sleep Struggles: A Comprehensive Guide to a Restful Night
- RTC bus hit the auto
- MLA Kuchukula Rajesh Reddy participated in the Birappa festival
Reliance Industries denies selling news media biz
Billionaire Mukesh Ambani's Reliance Industries on Thursday denied reports of selling its news media business to Times Group.
New Delhi: Billionaire Mukesh Ambani's Reliance Industries on Thursday denied reports of selling its news media business to Times Group.
Bloomberg early on Thursday reported that Ambani "is in talks to sell his news media assets to India's Times Group, as Asia's richest man plans to unload a business that's been losing money".
"Reliance Industries firmly denies (the) story. The story is baseless and false," a company spokesperson said.
The report had quoted people familiar with the matter to say that Bennett Coleman & Co, the publisher of the Times of India, is looking to hire advisers for due diligence on the news properties of Ambani's Network18 Media & Investments Ltd.
Bennett Coleman's spokesperson couldn't be immediately reached for comments.
Reliance had in 2014 bought Network18, which owns and operates 56 local channels spanning news and entertainment, for up to Rs 4,000 crore.
