Latest news with #MukeshAmbani-owned
Time of India
27-05-2025
- Business
- Time of India
Airtel launches all-in-one OTT packs for prepaid users starting at Rs 279; Details here
Bharti Airtel on Tuesday launched India's first all-in-one OTT entertainment packs for prepaid users , bundling access to over 25 streaming platforms, including Netflix, JioCinema , Zee5 , SonyLiv, and Airtel Xstream Play Premium, into a single recharge. Airtel has been rolling out a slew of prepaid and postpaid offers to lure customers as the race against Mukesh Ambani-owned Jio hots up in a tough Indian telecom market. Last week, Airtel had partnered with Google to offer Google One storage services to its postpaid services. Bharti Airtel's shares were trading at Rs 1,848 apiece on the BSE as of 12.28 pm on Tuesday. 'Starting at an attractive introductory price of ₹279 for 1 month validity, customers will get access to a wide variety of popular streaming platforms, of value worth ₹750, making it the only telco to enable access to such a wide bouquet of OTT streaming options,' it said in a statement. The battle between Airtel and Reliance Jio has intensified in 2025, with both telcos accounting for the bulk of India's wireless market. According to the Telecom Regulatory Authority of India (TRAI), Airtel added 1.65 million subscribers in March, the highest in the industry, bringing its user base to 386.96 million and capturing a 33.61% market share. Live Events Also Read: Jio seeks nod from telecom regulator to use 26 GHz band for WiFi Jio, while still the market leader with 465.82 million users and a 40.46% share, added fewer subscribers (686,143) in the same period. The growing gap in monthly net additions signals a shift in momentum, especially as Airtel steps up its content play. Inside Airtel's new entertainment bundles The newly launched prepaid packs are designed to simplify streaming access for mobile users by consolidating popular OTT platforms into one recharge. Priced at ₹279, the base pack includes subscriptions to Netflix Basic, JioCinema, Zee5, and Airtel Xstream Play Premium, valid for one month. For users seeking more connectivity, Airtel is also offering plans that include unlimited 5G data and unlimited voice calling, bundled with the same OTT access: ₹598 for 28 days ₹1,729 for 84 days All plans are available for direct purchase via the Airtel Xstream Play app. Plan Summary: Pack Type Benefits Validity MRP Direct subscription via Airtel Xstream Play App Netflix Basic + Zee5 + JioCinema (Hotstar) + Airtel Xstream Play Premium 1 month ₹279 Prepaid Content-Only Packs (incl. 1GB data) Netflix Basic + Zee5 + JioCinema (Hotstar) + Airtel Xstream Play Premium 1 month ₹279 Prepaid Data Bundle Netflix Basic + Zee5 + JioCinema (Hotstar) + Airtel Xstream Play Premium + Unlimited 5G + Unlimited calls 28 days ₹598 Prepaid Data Bundle Netflix Basic + Zee5 + JioCinema (Hotstar) + Airtel Xstream Play Premium + Unlimited 5G + Unlimited calls 84 days ₹1,729 With content spanning more than 16 languages and genres, from international titles to regional cinema, the packs aim to offer a seamless entertainment experience without the hassle of managing multiple OTT subscriptions, it said. Strengthening prepaid with long-term plans The OTT launch builds on Airtel's broader prepaid strategy. Recently, the company unveiled a ₹1,199 plan offering 84 days of service with 2.5GB daily data, unlimited 5G, 100 daily SMS, and an 84-day Amazon Prime Lite subscription, making it ideal for heavy streamers and remote workers. Airtel's prepaid portfolio also includes the ₹399 Airtel Black plan, which offers up to 10Mbps broadband speeds and unlimited landline calls, with data speeds throttled post fair usage.
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Business Standard
16-05-2025
- Business
- Business Standard
Shapoorji Pallonji group inks record $3.4 billion private credit deal
Real estate and construction conglomerate Shapoorji Pallonji group signed a $3.4 billion private credit deal, a person familiar with the matter said, marking the biggest of its kind in the country. The three-year, zero-coupon rupee bond has an annual yield of 19.75 per cent. Proceeds will primarily be used to refinance existing debt. The company inked the deal with the trustee, according to the person. The money is likely to flow from lenders in the coming days, the person added. The financing is a landmark in India's growing private credit industry, which is getting a boost as Prime Minister Narendra Modi's infrastructure push increases funding demands for everything from solar power to roads. That's fuelled a burst of competition among foreign and local investors. KKR & Co, Oaktree Capital Management and Goldman Sachs Group Inc are among the foreign firms expanding in the market. Local players are launching araft of funds, with Kotak Alternate Asset Managers Ltd planning a $2 billion fund. Shapoorji has evolved into a family-run construction behemoth, building skyscrapers, landmarks and complex infrastructure. Its portfolio includes the country's central bank and the Al Alam palace for the Sultan of Oman. About a dozen large investors, including Ares Management Corp, Cerberus Capital Management LP, Davidson Kempner Capital Management, and Farallon Capital Management were participating in the Shapoorji deal, people familiar with the matter had previously said. Deutsche Bank is also investing, and acting as the sole arranger and the trustee. A representative for the company didn't respond to requests for comment outside of normal business hours. The deal comes at a busy time for Indian debt markets. Billionaire Mukesh Ambani-owned Reliance Industries has obtained a $2.98 billion-equivalent loan, according to people familiar with the matter, the largest such deal for an Indian borrower in more than a year.
Time of India
15-05-2025
- Business
- Time of India
Mukesh Ambani's Reliance gets $2.9 billion in biggest India loan since 2023
Mukesh Ambani-owned Reliance Industries has obtained a dual-currency borrowing of $2.9 billion-equivalent, the largest offshore Indian loan in over a year, as per a report by Bloomberg. About 55 lenders joined the facility, making it the largest bank group for a syndicated loan in Asia so far this year, people familiar with the matter told Bloomberg. The interest shows lenders' appetite for quality assets in a market starved for deals. Asia Pacific ex-Japan loan volumes hit a 20-year low so far in 2025, closing about $29 billion of deals denominated in US dollars, euros and yen — also known as G3 currencies, according to Bloomberg-compiled data. " Reliance Industries ' loan is split into a $2.4 billion tranche and a ¥67.7 billion ($462 million) piece, the people told Bloomberg, adding that the facility agreement was signed on May 9." Bloomberg data shows that RIL has repayments worth about $2.9 billion, including interest payments, due in 2025. Reliance Industries is currently rated one notch above India's sovereign grade, a rare instance of when a company's creditworthiness is higher than the country it's based in. The borrower is rated Baa2 by Moody's Ratings and BBB by Fitch Ratings.
Time of India
15-05-2025
- Business
- Time of India
Mukesh Ambani's Reliance gets $2.9 bn in biggest India loan since 2023
Mukesh Ambani-owned Reliance Industries has obtained a dual-currency borrowing of USD 2.9 billion-equivalent, the largest offshore Indian loan in over a year, as per a report by Bloomberg. About 55 lenders joined the facility, making it the largest bank group for a syndicated loan in Asia so far this year, people familiar with the matter told Bloomberg. The interest shows lenders' appetite for quality assets in a market starved for deals. Asia Pacific ex-Japan loan volumes hit a 20-year low so far in 2025, closing about USD 29 billion of deals denominated in US dollars, euros and yen — also known as G3 currencies, according to Bloomberg-compiled data. " Reliance Industries ' loan is split into a USD 2.4 billion tranche and a ¥67.7 billion (USD 462 million) piece, the people told Bloomberg, adding that the facility agreement was signed on May 9." Bloomberg data shows that RIL has repayments worth about USD 2.9 billion, including interest payments, due in 2025. Reliance Industries is currently rated one notch above India's sovereign grade, a rare instance of when a company's creditworthiness is higher than the country it's based in. The borrower is rated Baa2 by Moody's Ratings and BBB by Fitch Ratings.
Time of India
15-05-2025
- Business
- Time of India
Mukesh Ambani's Reliance gets $2.9 bn in biggest India loan since 2023
Mukesh Ambani-owned Reliance Industries has obtained a dual-currency borrowing of $2.9 billion-equivalent, the largest offshore Indian loan in over a year, as per a report by Bloomberg. About 55 lenders joined the facility, making it the largest bank group for a syndicated loan in Asia so far this year, people familiar with the matter told Bloomberg. The interest shows lenders' appetite for quality assets in a market starved for deals. Asia Pacific ex-Japan loan volumes hit a 20-year low so far in 2025, closing about $29 billion of deals denominated in US dollars, euros and yen — also known as G3 currencies, according to Bloomberg-compiled data. "Reliance Industries' loan is split into a $2.4 billion tranche and a ¥67.7 billion ($462 million) piece, the people told Bloomberg, adding that the facility agreement was signed on May 9." Bloomberg data shows that RIL has repayments worth about $2.9 billion, including interest payments, due in 2025. Live Events Reliance Industries is currently rated one notch above India's sovereign grade, a rare instance of when a company's creditworthiness is higher than the country it's based in. The borrower is rated Baa2 by Moody's Ratings and BBB by Fitch Ratings.
