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India.com
3 days ago
- Business
- India.com
Mukesh Ambani plans big, new move involves Laapataa Ladies, Article 370 and..., aims to become...
Mukesh Ambani (File) Mukesh Ambani, Asia's richest man, owns highly-successful businesses ranging from oil, green energy, telecom to retail, media and entertainment. But now the billionaire tycoon has set his sights on something arguably more ambitious; carve a unique niche for Indian entertainment content in Hollywood via his Jio Studios– the country's largest content studio. Mukesh Ambani plans Hollywood takeover Last year, three films produced by Jio Studios– Laapataa Ladies, Article 370, and Shaitaan– were ranked on the top 10 global charts of Netflix, proof that Indian content now resonates beyond the diaspora audience across continents. Laapataa Ladies, which secured an Oscar nomination, was watched in more than 43 countries. However, Mukesh Ambani-owned Jio Studios has bigger ambitions; it aims to emerge as a prominent international studio in the next five years, and rub shoulders with Hollywood powerhouses like Paramount, Walt Disney, Peacock, Lionsgate, and MGM. 'Today, we are nowhere near Hollywood or even Korea. Somebody needs to take control and start. I want to use the Reliance heft to take Indian stories to the world,' Jyoti Deshpande, President (Media and Content Business), Reliance Industries, was quoted as saying by Fortune India. Deshpande revealed that the studios' ambitious expansion plan involves a 'combination of organic and inorganic collaborations', and one of the key goals to separate India rights and overseas rights, then hire a sales agent in key markets, in North America, Europe, and Australia. 'Currently, a digital platform takes away global rights, which limits international distribution country by country. We will then try to work that film from a Berlin or a Cannes, get a sales agent, and sell North America, Germany, France, and other parts of Europe—around 100-135 countries,' Deshpande told Fortune India. Jio Studios to build franchises Jio Studios will then try to give the movie a theatre release, and also later air it on local streaming services and TV channels in those markets. 'If I do this with a set of films, then our stories will start opening up into those markets.' Deshpande agrees that an expansion of this scale involves significant risk, but asserts that Mukesh Ambani-led Reliance Industries is up to the challenge. 'Today, we are talking about India to the world. How can you make it happen by doing business the way we are currently doing? One will have to take significant risks, invest in the right stories that can travel, and take on international partners. I will be looking at co-producing some films internationally as well as inviting some international co-producers into my slate.' Additionally, Jyoti Deshpande wants to build global franchises of Jio Studios' titles and make them a part of pop culture, akin to what Hollywood does with its popular franchises like Star Wars, Harry Potter, The Matrix, Lord of The Rings, to name a few. 'We are already building franchises around Stree, Thama, Bhediya, and Munjya. We are also doing Mahaavatar, which is the story of Parasuram. This will be a big budget behemoth, and it will introduce characters,' Deshpande states.
Time of India
20-05-2025
- Business
- Time of India
Redington shares zoom 9% after Q4 profit jumps 183% YoY on broad-based demand
Redington shares zoomed 9.5% to their intraday high of ₹306.85 on the BSE in early trade on Tuesday after the technology solutions provider reported a sharp 183% year-on-year rise in net profit for the March quarter, driven by strong demand across markets. The company posted a consolidated net profit of ₹917.7 crore for Q4 FY25, compared to ₹323.9 crore in the same period last year. Revenue rose 17.9% YoY to ₹26,439.7 crore from ₹22,433.4 crore in Q4 FY24. EBITDA for the quarter rose 30% to ₹596.9 crore, while margins improved to 2.3% from 2% a year ago, reflecting operational efficiencies. For the full year ended March 31, 2025, Redington reported record consolidated revenue of ₹99,562 crore, up 11% YoY. Normalised profit after tax (excluding one-time divestment gain) stood at ₹1,340 crore, marking a 10% YoY increase. The company's growth was supported by broad-based demand. In Q4, revenue in India rose 26% YoY, while the UAE market grew by 24%. Redington also saw solid traction in Saudi Arabia and Africa, aided by enhanced go-to-market capabilities and expanded brand partnerships. V.S. Hariharan, Group CEO of Redington Ltd. , commented, "Building on the momentum from Q3, our Q4 results reaffirm Redington's commitment to profitable growth and market leadership. This year, we've achieved stable growth across all business units and geographies. Our focus on strategic markets, both established and emerging, has delivered sustainable results." Redington's cloud business continued its robust growth trajectory, increasing by 41% YoY in Q4 FY2025. The company's Technology Solutions Group (TSG) grew by 28% YoY, driven by large deal wins and new software brand contracts. Redington's board has recommended a final dividend of ₹6.80 per equity share, representing 39.5% of FY25 consolidated profits (excluding the one-time gain), subject to shareholder approval at the upcoming AGM. A Fortune India 500 company, Redington operates in over 40 markets with 450+ brand associations and a network of more than 70,000 channel partners. Its product portfolio spans IT, telecom, lifestyle, and solar segments, offering end-to-end distribution and technology solutions.
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Business Standard
20-05-2025
- Business
- Business Standard
Why did Redington share hit all-time high on May 20? Check reasons here
Redington share price: Redington shares were buzzing in trade on Tuesday, May 20, 2025, with the scrip rallying up to 9.47 per cent to hit a fresh all-time high (record high) of ₹306.85 per share. However, by 12:00 noon, Redington shares were off record highs, and were trading 2.23 per cent higher at ₹286.55 per share. In comparison, BSE Sensex was trading 0.36 per cent lower at 81,763.65 level. What sparked the rally in Redington share price? Redington share price rallied after the company posted a strong set of results in the March quarter of financial year 2025 (Q4FY25). The company's profit rose 104.4 per cent year-on-year (Y-o-Y) to ₹666 crore in Q4FY25, from ₹326 crore in Q4FY24. Redington's revenue climbed 17.9 per cent Y-o-Y to ₹26,439.7 crore in the March quarter of FY25, from ₹22,433.4 crore in the March quarter of FY24. At the operating front, earnings before interest, taxes, depreciation and amortisation (Ebitda) soared 30 per cent annually to ₹596.9 crore in Q4FY25, from ₹459.3 crore in Q4FY24. Also Read Consequently, Ebitda margin expanded to 2.26 per cent in the March quarter of FY25, from 2.05 per cent in the March quarter of FY24. The company's performance was driven by broad-based growth across markets. India grew 26% YoY, while UAE grew 24 per cent Y-o-Y in Q4. Saudi Arabia showed promising growth indicators, and momentum was sustained in Africa. These results stem from continued investments in improving go-to-market capabilities, stronger brand partnerships, an expanded solution portfolio, and agile innovations in business models, Redington said, in a press release. 'Building on the momentum from Q3, our Q4 results reaffirm Redington's commitment to profitable growth and market leadership. This year, we've achieved stable growth across all business units and geographies. Our focus on strategic markets, both established and emerging, has delivered sustainable results,' said V S Hariharan, group CEO, Redington Ltd. 'While technology distribution remains our core, our Cloud business has grown over 40 per cent Y-o-Y, driven by increasing adoption of subscription and consumption models. We continue to strengthen our positioning with brands through our focus on software, services, and professional capabilities, especially around AI-enabled solutions. These results reflect our agility and our strategic readiness to lead in the next wave of digital transformation,' Hariharan added. Redington dividend The Board of Directors of Redington has recommended a final dividend of ₹6.80 per equity share, equivalent to 39.5 per cent of consolidated profits without divestment gains, subject to approval by the shareholders at the ensuing Annual General Meeting. About Redington Redington Limited, a Fortune India 500 company and a leading technology solutions provider, drives digital transformation by bridging the gap between innovation and adoption. Operating in over 40 markets with a network of over 70,000 channel partners and more than 450 brand associations, Redington delivers comprehensive distribution solutions across IT/ITeS, Telecom, Lifestyle, and Solar sectors. With a strong focus on innovation and strategic partnerships, Redington is a trusted global distributor of cutting-edge products, services, and solutions.
Time of India
20-05-2025
- Business
- Time of India
Redington shares in focus after Q4 profit jumps 183% YoY on broad-based demand
Redington shares will be in focus on Tuesday after the technology solutions provider reported a sharp 183% year-on-year (YoY) rise in net profit for the March quarter, driven by strong demand across markets. The company posted a consolidated net profit of Rs 917.7 crore for Q4 FY25, compared to Rs 323.9 crore in the same period last year. Revenue rose 17.9% YoY to Rs 26,439.7 crore from Rs 22,433.4 crore in Q4 FY24. EBITDA for the quarter rose 30% to Rs 596.9 crore, while margins improved to 2.3% from 2% a year ago, reflecting operational efficiencies. Also Read: Street Favourite! SBI, Tata Motors among 10 large-cap stocks analysts expect to rally up to 32% For the full year ended March 31, 2025, Redington reported record consolidated revenue of Rs 99,562 crore, up 11% YoY. Normalised profit after tax (excluding one-time divestment gain) stood at Rs 1,340 crore, marking a 10% YoY increase. The company's growth was supported by broad-based demand. In Q4, revenue in India rose 26% YoY, while the UAE market grew by 24%. Redington also saw solid traction in Saudi Arabia and Africa, aided by enhanced go-to-market capabilities and expanded brand partnerships. V.S. Hariharan, Group CEO of Redington Ltd. , commented, "Building on the momentum from Q3, our Q4 results reaffirm Redington's commitment to profitable growth and market leadership. This year, we've achieved stable growth across all business units and geographies. Our focus on strategic markets, both established and emerging, has delivered sustainable results." Redington's cloud business continued its robust growth trajectory, increasing by 41% YoY in Q4 FY2025. The company's Technology Solutions Group (TSG) grew by 28% YoY, driven by large deal wins and new software brand contracts. Also Read: Crompton Greaves, Delhivery among 10 mid-cap stocks analysts expect to rally up to 53% Redington's board has recommended a final dividend of Rs 6.80 per equity share, representing 39.5% of FY25 consolidated profits (excluding the one-time gain), subject to shareholder approval at the upcoming AGM. A Fortune India 500 company, Redington operates in over 40 markets with 450+ brand associations and a network of more than 70,000 channel partners. Its product portfolio spans IT, telecom, lifestyle, and solar segments, offering end-to-end distribution and technology solutions. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
19-05-2025
- Business
- Time of India
HCL-Foxconn nod gives industry plans off Yamuna expressway big boost
Noida: Cabinet's approval last week of the HCL-Foxconn semiconductor-manufacturing unit has put wind in the sails of plans to turn the Yamuna Expressway area into a large manufacturing hub as an extension of Noida, with the upcoming Noida International Airport as its nucleus. Investments to the tune of Rs 12,000 crore from eight companies are lined up in the region under the Yamuna Expressway Industrial Development Authority's FDI and Fortune 500 policy. The HCL-Foxconn joint venture, a Rs 3,706-crore project that is to come up on 48 acres in Sector 28, will manufacture display driver chips for mobile phones, laptops, automobiles, PCs, and myriad of other devices that have da isplay. Poised to be India's sixth semiconductor and testing unit, the project got the Cabinet's approval on May 14. Other major investments proposed in the region are a Rs 4,500-crore facility by Escorts Group, which will build a tractor parts and engine unit. To be set up in collaboration with Japan's Kubota Corporation, the facility is proposed to come up on 200 acres in Sector 10. Also lined up is a Rs 1,080-crore readymade garments and accessories unit by Pine Valley Ventures Pvt Ltd on a 20-acre plot in Sector 10. Of the three companies allotted land so far is Fuji Silvertech Concrete Pvt Ltd, an Indo-Japanese joint venture that proposes to set up a precast concrete product manufacturing unit on 20 acres in Sector 32. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Scam Exposed: What They Won't Tell You about zero trust! Expertinspector Click Here Undo The Rs 345-crore facility was allotted land under UP's new FDI policy in Nov 2023 and is expected to create 5,844 jobs. TI Medical Private Limited, a Rs 211-crore joint venture between Fortune India 500 company Murugappa Group's Tube Investments of India (TII) and Premji Invest, is the second firm that was allotted 11 acres in the Medical Device Park in Sector 28 to manufacture dialysis machines, dialysers and anaesthesia kits. Minda Corporation Limited, in collaboration with Korean Daesung and Indian Loconav, has got 22 acres in Sector 24 to manufacture ignition switches and steering locks for automobiles. The Rs 524-crore project is expected to create 2,275 jobs. Minda Corporation has proposed to set up a second unit to manufacture wire harnesses and other automotive components. For the Rs 508-crore facility, it wants land on 10 acres in Sector 10. Havells India Ltd also proposes to set up a Rs 800-crore unit for manufacturing fans, air conditioners, lighting, switchgear and cables and has sought 50 acres in Sector 28 under the Electronics Manufacturing Cluster (EMC 2.0) scheme. Officials say, Havells is to act as the anchor investor for a 206-acre electronics manufacturing cluster along the Yamuna Expressway, which was approved last month by the Centre. The cluster will feature flatted-factory complexes, modern industrial infrastructure and dedicated zones for electronics manufacturing. Poly Medicure Ltd has also proposed to set up a medical equipment manufacturing unit on 7 acres in the Medical Device Park. The company plans to invest Rs 150 crore. "The Noida International Airport and dedicated industrial parks have made the Yamuna region highly attractive for both domestic and global investors. These investments will not only create 22,000 jobs but also position the area as a key manufacturing hub in North India," said the CEO.
