Latest news with #RelianceGroup-owned
Time of India
4 days ago
- Business
- Time of India
Jio Financial Services ties up with Germany's Allianz for reinsurance venture
German insurer Allianz has formed an equally-owned reinsurance joint venture in India with Reliance Group-owned Jio Financial Services , expanding its presence in the country's insurance market, the companies said on Friday. Allianz and Jio Financial signed a non-binding agreement to establish a 50-50 joint venture for both general and life insurance operations in India, the companies added. Explore courses from Top Institutes in Select a Course Category Artificial Intelligence Degree MCA Healthcare PGDM Others MBA Finance Leadership Product Management Technology Management Public Policy Operations Management CXO Design Thinking others Cybersecurity Data Science Data Analytics healthcare Data Science Project Management Digital Marketing Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Reuters in March reported that Allianz was exploring a potential partnership with the Mukesh Ambani-led Reliance Group firm Jio Financial Services. Bloomberg News was the first to report the talks of the possible partnership last year. The German company is pushing forward with its expansion in the South Asian nation, describing India as an important growth market and stating it would pursue new opportunities to strengthen its position in the country's insurance sector. Live Events Earlier this year, Allianz had agreed to sell its 26% stake in its non-life and life insurance joint ventures with India's Bajaj Finserv for $2.8 billion, ending a decades-long partnership. Economic Times WhatsApp channel )
Reuters
17-03-2025
- Business
- Reuters
Reliance to end free IPL cricket streaming in India, reveals new subscription plans
March 17 (Reuters) - Reliance Jio, India's largest telecom firm by users, said on Monday it will start charging users to stream Indian Premier League (IPL) cricket matches, ending two years of free streaming of one of the country's most-watched sporting events. The new recharge plan, which starts at 299 rupees ($3.44) for Jio's mobile users, will enable them to watch the IPL on Reliance-Disney's newly merged JioHotstar streaming platform, the Reliance Group-owned firm said. IPL, a money spinner and among the country's most-streamed content, is scheduled to be held between March 22 and May 25. The move comes a month after Reuters reported that the Reliance-Disney JV will no longer offer free streaming for IPL cricket matches, as was the case in 2023 and 2024 in the old JioCinema platform, and will adopt a hybrid model where subscription kicks in after content consumption reaches a threshold. The new plan also includes a 50-day trial of Reliance Jio's ( opens new tab, broadband internet services, to help boost home internet dominance with high-speed sports streaming. Billionaire Mukesh Ambani's pricing strategy for the IPL and other cricketing events are closely watched - media rights for those have cost the merged group, India's biggest entertainment giant, nearly $10 billion in recent years. The JV runs more than 100 TV channels and streaming apps in India's $28-billion media and entertainment market. ($1 = 86.8440 Indian rupees)
