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<ul><li>At 7:49 am, the SGX Nifty was trading 0.19% higher, indicating a positive start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider. </a></li></ul>Amid the positive cues from the global market, the Indian stock market is likely to open higher. At 7:49 am, the SGX Nifty was trading up 0.19%, indicating a green start for Nifty50. US stocks also closed broadly higher on Wall Street as the market clawed back some of its sharp losses from September. The Dow Jones Industrial Average ended 1.5% higher; whereas the S&amp;P 500 rose 53.14 points on Monday. These are the stocks to watch out for during the trading session on September 29: Infosys EdgeVerve Systems, a wholly-owned subsidiary of Infosys, recently signed a partnership with Minit, a leader in process mining, to help clients accelerate process excellence. The company said it would jointly create a solution that will empower enterprises with superior insights for business transformation, leading to better operational efficiency and enhanced business results. The shares of Infosys ended 1% lower yesterday. Balaji Telefilms The board of Balaji Telefilms has approved the liquidation of its subsidiary Chhayabani Balaji Entertainment. The shares of Balaji Telefilms ended 1.2% higher yesterday. Central Bank of India The board of the Central bank of India at its meeting approved the allotment of 16 crore equity shares to qualified institutional buyers (QIB) at an issue price of ₹15.38 per share aggregating up to ₹254.99 crore. The shares of the Central Bank of India ended 1.2% lower yesterday. Shalby Ltd The Board of Shalby has approved to reduce promoters’ shareholding in the company to 75% from the current level of 79.45%. The company will issue equity shares and convertible securities up to ₹ 117.02 crore The shares of Shalby ended 1% lower yesterday. Anuh Pharma Anuh Pharma has received approval from the World Health Organization— Geneva Prequalification for Pyrimethamine API, which is used as antimalarial drugs. The shares of Anuh Pharma ended 5% higher yesterday. DHFL DHFL transaction auditor Grant Thornton flagged fraudulent transactions worth ₹12,705.53 crore took place at debt-ridden mortgage firm DHFL during FY17 to FY19. The shares of DHFL ended 1.16% higher yesterday. Vedanta Vedanta's reverse book building for delisting starts on October 5. The bid will remain open until October 9, the company said. Also, Vedanta’s board is slated to meet on October 3 to consider financial results for June quarter. The shares of Vedanta ended 2% higher yesterday. UTI AMC, Mazagon Dock and Likhitha Infrastructure The IPO for UTI AMC, Mazagon Dock, and Likhitha Infrastructure will open today for subscription. The issue will remain open until October 1. SEE ALSO:<a href="https://www.businessinsider.in/science/space/news/elon-musks-spacex-will-launch-another-60-starlink-internet-satellites-into-earths-orbit-tonight/articleshow/78366364.cms" data-type="tilCustomLink"> Elon Musk's SpaceX will launch another 60 Starlink internet satellites into Earth’s orbit tonight</a> <a href="https://www.businessinsider.in/finance/news/rbi-postpones-monetary-policy-meeting-new-dates-to-be-announced-soon/articleshow/78361698.cms" data-type="tilCustomLink">RBI postpones Monetary Policy meeting as the hunt for three new MPC members continues</a>

Top stocks to watch— Infosys, Central Bank of India, DHFL, Anuh Pharma, Shalby, Balaji Telefilms and others

<ul><li><keyword id="1245953" type="General" weightage="20" keywordseo="ott" source="Orion">OTT</keyword> had a watershed year in 2020 and the growth continued in 2021. Most reports are predicting that OTTs growth is here to stay.</li><li>Homegrown <keyword id="959269" type="General" weightage="20" keywordseo="ott-platform" source="Orion">OTT platform</keyword> <keyword id="4241922" type="General" weightage="20" keywordseo="altbalaji" source="Orion">ALTBalaji</keyword> has been witnessing healthy growth on the back of its differentiated, localized content with a mass appeal.</li><li>We speak to <keyword id="3381161" type="General" weightage="20" keywordseo="Divya-Dixit" source="Orion">Divya Dixit</keyword>, SVP - Marketing &amp; Revenue, ALTBalaji to take a look at ALTBalaji’s journey so far and the factors that have helped it woo audiences in a space that is increasingly becoming cluttered.</li></ul>It won’t be an exaggeration to say 2020 was a watershed year for the Over-the-Top (OTT) industry. With people being stuck at home, yearning for fresh content with nowhere to go, OTT platforms came to the rescue. Most platforms witnessed an uptick in its uptake, with people spending more and more time on the platforms. According to a recent report by FICCI and the Producers Guild of India, around 148 million Indians subscribed to online curated content platforms. Another report by RBSA Advisors also predicted that India's video OTT market may hit $12.5 billion by 2030 from around $1.5 billion in 2021 owing to access to better networks, smartphones, and digital connectivity. The pandemic no doubt has given the industry a boost and most platforms are doing all they can to woo consumers. While competing with each other for producing and licensing better, more differentiated content, last year also made most of these platforms realize that consumers are wanting to watch local content and most platforms have been investing on producing local and regional content. Within the OTT space in India, homegrown platform ALTBalaji has been witnessing a healthy growth in the past few years. The 4-year-old platform said recently that it is currently catering to an MAU base of over 10 million, having sold 2.9 million subscriptions in H1 alone. The platform is also seeing an audience engagement metrics of 83 minutes per day. While witnessing good growth from non-metro cities in India, ALTBalaji also recently announced its partnership with Telenet to further its reach into Nepal. We recently caught up with Divya Dixit, SVP - Marketing &amp; Revenue, ALTBalaji to take a look at ALTBalaji’s journey so far and what has helped it woo audiences in a space that is increasingly becoming cluttered. Excerpts: Q) It's been over 4 years since the launch of ALTBalaji. Can you walk me through a few of the highlights? ALTernative content being the core ethos of the group, ALTBalaji completed four glorious years of entertaining the audience with their non-stereotypical and out of the box storytelling. Currently catering to an MAU base of over 10 million, we have sold 2.9 million subscriptions in H1 alone, in this highly competitive Over-The-Top business. The platform also sees an audience engagement metrics of 83 minutes per day, with different genres catering to varied audiences. At ALTBalaji, we constantly sought innovation in content, technology as well as marketing. With a library of around 90 original shows on the app and yet many more to be released, our content library has received accolades for its disruptive work and also seen the engagement time grow to over 83 minutes since the last quarter. As a result, there has been a steady upward growth for the past two years. Furthermore, being one of the most economically viable OTT platforms in the country, catering to almost all sections of society with a varied genre of shows, the various web series on the digital platform have received recognition from IMDB in terms of the ratings and numbers. Our recent action-thriller web series Cartel with an IMDB rating of 8.2; Broken But Beautiful 3 with 8.7; Mai Hero Boll Raha Hu with 8.7; Apharan with 8.3, The Test Case with 8.4 and Bose with 8.8 are some of the shows which have received rave reviews and numbers. With the growth of technology, penetrative pricing and tailor-made content for audiences, ALTBalaji has seeped into the country's hinterlands. We worked quickly and identified the needs of the hour, leading to shows that made impact and kept people entertained right in their homes. Q) Considering how people have been stuck at home since last year, they are still looking for entertainment and looking for it on OTT. How did you strengthen your content offering in the last 1.5 years to create an edge for yourself in the market? While the pandemic added to the platform's growth, ALTBalaji's journey over the past four years has been ever-growing. Engagement time has exponentially increased and subscriptions continue to grow at a steady pace. Many variables decide viewership, ranging from the technology available to the preferred content to the time people had in hand. So fortunately, from the platform's perspective, there has been no dip in the number of viewers. Cities like Hyderabad, Ahmedabad, and Kolkata with a 2.19%, 1.32%, and 0.99% growth YOY are among the few major cities that have added to a significant expansion in ALTBalaji's subscribers in the past year. We have been quick to understand that content is the deciding factor to draw in more viewers. So, it was essential to personalize content as per the viewer's preferences, which we constantly work on. The most crucial part our strategy is our out-of-the-box narratives. The content itself is tailor-made to attract larger audiences. We believe in creating shows that appeal across segments and narratives out of the box or unexplored. Recent shows like The Married Woman, Broken But Beautiful 3, and Cartel have been making headlines, and we are ecstatic with the response. Broken But Beautiful 3 set benchmarks with 180 million viewers and 220 million impressions with an innovative marketing strategy. Other notable shows like Crashh, Mai Hero Boll Raha Hu, His Storyy and Cartel have given ALTBalaji an edge over most platforms. Q) What sort of investments are you putting in on acquiring new content, producing them yourself? OTT content consumption has witnessed a steady growth throughout and will continue to do so on its own. However, the lockdown period has scaled up the OTT content consumption game, and I believe now is the time for OTT platform players to sit back and rethink their strategy. ALTBalaji has always sworn by original content. The platform churns out unique content and gives a launchpad to many aspiring talents across the board. Since our launch in 2017, we have ensured that our costs are restricted to Rs 150-Rs 160 crores per annum, out of which content cost has been around Rs 110 crore. Also, we aren't in the business of acquiring content. It is because we've mastered the art of making content at one-third the price that our peers are spending. In the year 2021 alone, the platform launched 20 original shows, and many more are in production Q) What kind of growth did you witness last year after the lockdown? Have you been able to retain the growth? The pandemic has scaled up the OTT content consumption game and ALTBalaji has seen a significant rise in engagement levels. ALTBalaji has seen a 15-20% growth in its viewership numbers; however, the lockdown increased subscribers from the Hindi heartlands. With the increase in appetite to consume our diverse library of originals and our shows catering to the mass audience, we have 59% of our viewership coming from the non-metros. While cities like Lucknow, Ludhiana, and Guwahati saw a huge increase of 189.84%, 106.50%, and 108.41%, respectively, Srinagar, Shimla, and Ranchi weren’t behind either, with an uprise of 103.81%, 103.05%, and 192.01%, as compared to ALTBalaji's viewership from these cities in 2020. 18% of our overall traction comes from the global audience, without any aggressive marketing. ALTBalaji established a precise positioning of 'OTT of the masses' with Hindi Colloquial Content for the Bharat audience and Hindi Speaking Diaspora. Q) With multiplexes opening up, do you think the growth for your platform will stagnate? What is your customer retention strategy? OTT has created new opportunities for content distribution across geographies. Viewers have adapted to the flexibility of time, convenience and choice of watching content. 2020 certainly acted as a catalyst in transforming the audiences' content consumption habits, converting fence-sitters and one-time visitors to subscribers, thereby increasing the overall subscription base and engaging more with the existing ones. Furthermore, the low cost of mobile network and affordable smartphones have revolutionized the OTT video streaming industry. In conclusion, surviving the market demands despite the opening of theatres is possible with affordable pricing, diverse content bouquet, buffer-free experience, and immersive innovations. Going out to mingle and unwind by watching movies is still a part of our culture and hence multiplexes will always remain important. Q) From a marketing perspective, what are you doing differently to be top of mind in the consumer's mind? Going ahead, what will your key areas of focus be? Our digital strategy covers all the bases when it comes to youth-friendly platforms. We have realized that influencer engagement is the way to go in this time &amp; age. Our romantic series Broken But Beautiful 3 have been picked up as a case study since the show achieved 180 million viewers with 220 million impressions through our marketing campaign. We also partnered with short format apps for youth oriented UGC, multiple digital payment gateways for our various youth-centric brands to ensure the audience has the smoothest experience possible. In 2020 alone, ALTBalaji has partnered with almost 25-30 brands for each of our show release that enabled incredible growth for both parties. We have a robust analytics platform with a live dashboard that provides us information on views and engagement along with the socio-economic and demographics of our viewers to generate behavioural consumption patterns to sharpen our retention strategy. What works optimally for us is to focus on consumer segmentation, mapping audience behaviour, focused customer retention, optimizing customer life cycle, and progressive strategies for onboarding new consumer segments; who are new to the internet or women in smaller markets, etc. Besides Instagram and Twitter, we also actively use WhatsApp to engage with our users. To further penetrate the Hindi heartlands, we will simplify our UI/UX by bringing in voice search, one button click registration, and easy payment modules in retail and digital. We foresee that we can target growth in the youth segment, over and above male and female target audience aged between 20-40 years. Vocal for local is sure to make it big in 2021. Gamification and Virtual reality, along with social commerce, will be the next big consumer engagement drivers on OTT. Q) Since digitization has sped up since the lockdown, how are bringing in new users? How are you reaching out to audiences deeper in the country who are also hungry for good content? Massification of content has been our goal right from the very beginning, and that shall see us lay further impetus towards expanding our content library. The various genres that we dabble into have massive scope for OTT players to explore the segment and expand their footprint by tapping into Tier II and Tier III markets. In parallel, we are continuously improving our UI/UX to ensure easier subscription, voice search, vertical video formats and a more effortless viewing experience for our audiences. The data analytics combined with targeted marketing also allows us to acquire customers lower than the industry standards. We also intend to extensively leverage data for predication analysis on the shows as the library expands, which feeds back into the content teams, enabling them to take sharper decisions on content creation Q) How are you making the platform more user-friendly, technologically more stable to be on the same level as a few of the global OTT players? The entry of new players in the OTT landscape or the rising influence of an existing player does not bother us. We welcome competition. It expands the consumer base and brings in new business opportunities and strategies. ALTBalaji also tied up with Amazon Pay and MobiKwik, two of the most trusted and convenient payment options for online transactions making the app more user-friendly, especially at payment and checkout. The tie-up with Amazon Pay enabled the subscribers to win up to Rs 50/- cashback while MobiKwik gave subscribers up to 10% cashback, credited to the users' wallets in under 24 hours. With these offers, subscribers will have no difficulty switching over to these safer and quicker, one-click transaction options for all future purchases. A buffer-free experience and immersive innovations are constantly worked upon. To further penetrate the Hindi heartlands, simplifying our UI/UX further, by bringing in voice search, one button click registration, as well as simpler payment modules in retail and digital is what we will be looking to innovate constantly

Over the years, we've mastered the art of making content at one-third the price that our peers are spending: Divya Dixit, ALTBalaji

Homegrown OTT platform <keyword id="4241922" type="COMPANY" weightage="20" keywordseo="ALTBalaji">ALTBalaji</keyword>, known for its <keyword id="9150642" type="AGENCY" weightage="20" keywordseo="Hindi-Originals">Hindi originals</keyword>, which has sold over 16 lakh subscriptions in the third quarter, said that their focus in the coming time is going to be the "electrifying market" of next billion internet users hailing from the <keyword id="6357660" type="PERSON" weightage="20" keywordseo="hindi">Hindi</keyword> heartlands across the Tier 2, 3, and 4 cities. IANSlife spoke to <keyword id="158783" type="PERSON" weightage="20" keywordseo="Nachiket-Pantvaidya">Nachiket Pantvaidya</keyword>, Group COO, <keyword id="5214" type="DOMAIN" weightage="20" keywordseo="Balaji-telefilms">Balaji Telefilms</keyword> and CEO, ALTBalaji to know about their digital presence and expansion. Excerpts: Q. 2020 was the <keyword id="10949416" type="UNKNOWN" weightage="20" keywordseo="ott-boom">OTT boom</keyword>, for India and the rest of the world, how did your <keyword id="10949417" type="UNKNOWN" weightage="20" keywordseo="platform-catch">platform catch</keyword> and utilise this wave? Pantvaidya: ALTBalaji's content line-up for the year is geared for the Bharat audience, who comprise 59 percent of the viewership on the <keyword id="235499" type="COMPANY" weightage="20" keywordseo="APP">app</keyword>. The platform continues to see very strong engagement metrics that include watch time that remains close to an hour-a-day mark, despite the plethora of competing content. As per the Q3 FY21 results, ALTBalaji is adding over 20,000 to 22,000 subscriptions a day in this extremely thriving OTT business. We sold 1.6 Mn+ subscriptions in the third quarter on the back of a super-strong content lineup, and a strategic increase in marketing spend. The OTT platform also saw multiple new shows being added, taking the total number of shows on their platform to 77, which makes it one of the most diverse OTT platforms with content catering across demographics as per the viewers' choice. Q. What are some top OTT trends/viewer preferences you have witnessed over the past year? Pantvaidya: OTT platforms have started experimenting with varied genres of content, which has led to the growth and expansion of web business. OTT has gained significant momentum, the credit for which to an extent goes to digitization, affordable internet plans, rise in smartphone consumption patterns, among other factors. India is not only one of the fastest-growing media and entertainment markets globally but is also well poised to keep this momentum ablaze. It will make India and the globe at large, more digital-savvy; creating a larger sample size of the audience for the content, whether originals, movies, news, music, or sports, available on OTT platforms. Q. What are ALTBalaji's content production and curation strategy? Where does the focus lie and why? Pantvaidya: With the next billion internet users hailing from the Hindi heartlands across the Tier 2, 3, and 4 cities, we are focusing on this electrifying market. Showcasing a high sense of pro-activeness in the situation, we were able to do many marketing innovations over the past few months. This has helped us curate more digital touchpoints that help us reach out to our viewers in a host of interactive and engaging ways and uplift their viewing experience. There is a huge churn issue in the OTT industry. What works optimally for us is to focus on consumer segmentation, mapping audience behaviour, focused customer retention, optimizing customer life cycle, and progressive strategies for onboarding new consumer segments; who are new to the internet or women in smaller markets, etc. Our content strategy has always been aimed at mass India across segments of the audience and continues to do so, however, our content today allows people to do family viewing as well as individual viewing as per each individual's taste &amp; preference. With a strategy to focus on youth programming for the country, ALTBalaji's offerings include premium, disruptive content, and original series across genres. With originality, courage, and relentlessness at its core, ALTBalaji's range, stands out for being avant-garde, non-conformist, inclusive, effervescent, and has something for everyone. Q. The market now has many big and small players vying for consumer attention. What do you think is the future of OTT in India? Pantvaidya: As per a report by PwC on Global Entertainment &amp; Media Outlook: 2020-2024, India is the fastest-growing OTT market at 28.6 percent CAGR; to become the sixth-largest market in 2024. At ALTBalaji, we intend to be the dominant player catering to this market especially tier II, tier III towns, and hinterlands at price points that reflect affordability desired by them and testified basis our consumption data from these markets for 77 shows over the last three years. In the upcoming quarter, we will focus on building a content bouquet that serves inclusive and individualistic viewing, for which, we have ramped our production machinery to be able to create at least 40 shows a year targeted at these markets. We have also created an efficient model to manage costs at less than one-third of what the market spends today while continuing to reign as a leader in the number of original show launches. We believe that we can target growth in the youth segment in mass India over and above male and female target audience aged between 20-40 and intend to double our direct subscriptions to double-digit figures in the coming year. While the pandemic year 2020 redefined how content will be consumed  the year 2021 will chart new business alliances and revenue models for platforms to acquire direct subscriptions. Due to the Covid-19 impact, new consumers are coming from the heartland and we are riding that wave. The report from FICCI and E&amp;Y has predicted 30-35 million paying subscribers on OTT platforms alone in the year 2021, and we are excited about carving a substantial pie out of the same. 2020 has also played a catalytic process in putting us on track to become the first profitable OTT platform, and we seek to break even and become an Rs 150 crore entity with at least 100 original shows by 2021. To further penetrate the Hindi heartlands, we will work on simplifying our UI/UX further, by bringing in voice search, one button click registration, as well as easy payment modules in retail and digital. Q. The Indian diaspora makes for a significant chunk of your viewers. Does that influence your approach? Pantvaidya: At ALTBalaji, we have always focused on massification and dominating the Hindi-speaking markets. Our goal to curate clutter-breaking and relatable content has been consistent right from the very beginning, and we shall continue to massify our content across urban and rural India. 59% of our consumers are from the non-metro and tier 2/tier 3 towns and cities, and this rise in viewership over the past few months is only going to see us work towards entertaining the Bharat audience with new exciting offerings in the months to come. We have always believed in creating diverse shows with stories that are unique, untold, and undiscovered. Over the past couple of years, we have taken narratives on the screen that no one would dare explore. Providing a healthy mix of genres to the viewer, each of our shows has been made keeping in mind their interests, amongst other crucial parameters. Q. What's next for ALTBalaji? Pantvaidya: ALTBalaji has been working towards its goals and is the first OTT platform already on the road to profitability. With our costs getting controlled and the loss margin further reducing at the end of the current fiscal, we are aiming to break even soon. Our shows, which even launched 3 years ago, are still popular amongst audiences and relevant even in today's date. In addition to that, we cater to a diverse set of audiences across the length and breadth of the country. A host of our Hindi offerings have also been dubbed in Indian and International languages like Tamil, Telugu, Malayalam, Bhasa, Arabic, etc. amongst others. We shall continue to focus on expanding our language content library in the coming years. For the upcoming year, ALTBalaji has an exciting pipeline, consisting of multiple shows such as The Married Woman, Apharan 2, Broken But Beautiful 3, The Test Case 2, PuncchBeat Season 2, Hum se Humsafar, Cartel, His Storyy, and many more. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/airtel-adds-3-times-more-subscribers-than-reliance-jio-vodafone-idea-turns-positive-for-the-first-time-in-15-months/articleshow/81562851.cms">Airtel adds 3 times more subscribers than Jio while Vodafone Idea gets net addition first time in 15 months</a> <a href="https://www.businessinsider.in/business/ecommerce/news/amazon-wipro-consumer-and-ascent-capital-invest-in-beauty-brand-myglamm/articleshow/81563765.cms">Amazon, Wipro Consumer and Ascent Capital invest in beauty brand MyGlamm</a> <a href="https://www.businessinsider.in/international/news/japan-is-the-only-country-that-does-not-allow-same-sex-marriage-within-the-g7/articleshow/81563467.cms">Japan’s same-sex marriage ban ruled ‘unconstitutional’ as India’s LGBTQ community waits in hope</a>

AltBalaji plans to capitalise on the next billion 'electrifying' internet users from the 'Hindi heartlands'

<ul><li><keyword id="3367417" type="PERSON" weightage="20" keywordseo="ALT-Balaji">ALT Balaji</keyword>, a home-grown platform in India, says it doesn’t want to compete with streaming giants Netflix and Amazon. </li><li>ALT Balaji was started three years back and has been among the big players in providing <keyword id="82395" type="PERSON" weightage="20" keywordseo="Regional-language">regional language</keyword>, mostly in Hindi, content in various parts of the country. </li><li>It is among the <keyword id="9382861" type="UNKNOWN" weightage="20" keywordseo="cheapest-apps">cheapest apps</keyword> which can be subscribed for ₹100 for three months.</li></ul>ALT Balaji, a home grown streaming platform, says it doesn’t want to compete with the giant over-the-top (OTT) platforms like Netflix and Amazon Prime Video. It would rather attract those millions of Indians who remain addicted to soap operas. “The app has done really well in itself. It is a cheap app and it does not want to contradict or fight Netflix but to get audiences who watch TV but land up watching what their family and friends want.I don’t want to make Netflix kind of shows, I want to make shows for tier 2 and tier 3 cities” <keyword id="6354597" type="PERSON" weightage="20" keywordseo="Ekta-Kapoor">Ekta Kapoor</keyword> told Business Insider India in its latest episode of the Big Reset. <div type="twitter" handle="BiIndia" handlename="Business Insider India🇮🇳" image="http://pbs.twimg.com/profile_images/1232926719016718336/sfffJHNV_normal.jpg" favoritecount="118" retweetcount="59" status="#TheBigReset | @Biindia's @iyer_sriram speaks to @SunjoyJ of @orfonline, @BTL_Balaji's @ektarkapoor, @oyorooms'… https://t.co/KazRSOwkCG" createdat="1591785193000" id="1270665315731386369"></div> Kapoor is the joint managing director and creative head of <keyword id="5214" type="COMPANY" weightage="20" keywordseo="Balaji-telefilms">Balaji telefilms</keyword>, which runs three different businesses under one company name — film production in one, television series under the second, and the OTT app ALT Balaji. While other businesses were hit by the lockdown, according to Kapoor, ALT Balaji saw significant growth in the last three months. ALT Balaji started three years back and it has been among the big players providing regional language content, mostly in Hindi, to Indian audiences. It is among the cheapest apps which can be subscribed for ₹100 for three months. It plans on dominating the Hindi speaking market in India. It currently has 1.7 million active subscribers who continue to binge content daily. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">OTT Platform </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Price </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ALT Balaji </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹100 for three months </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amazon Prime Videos </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹999 a year </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Netflix </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹499 a month </td></tr></tbody></table> It has witnessed <a href="https://www.businessinsider.in/advertising/media/article/altbalaji-will-break-even-this-fiscal-nachiket-pantvaidya-altbalaji/articleshow/75401635.cms">60% growth in its subscription</a> during the lockdown, <keyword id="158783" type="PERSON" weightage="20" keywordseo="Nachiket-Pantvaidya">Nachiket Pantvaidya</keyword>, CEO told Business Insider earlier. With 60+ originals, Alt Bajaj claims to have the largest content library of Indian originals. Last year, AltBalaji and Zee5 partnered to c0-produce a few shows. And now, Kapoor wishes her homegrown OTT platform to reach out to an audience at international level. “No one knows that a lot of Indian content is watched in Africa”, Kapoor said, hoping that the Prime Minister’s call ‘vocal for local’ will be followed up with some push for Indian entertainment abroad. SEE ALSO: <a href="https://www.businessinsider.in/careers/news/new-job-creation-in-india-next-three-months-is-likely-to-be-the-worst-ever-survey/articleshow/76296943.cms">New job creation in India next three months is likely to be the worst ever⁠— and that could lead to a lost year</a> <a href="https://www.businessinsider.in/entertainment/news/ekta-kapoor-suggests-reducing-film-budget-by-atleast-30/articleshow/76304353.cms">Indian filmmakers should cut production cost by at least 30%, says Ekta Kapoor</a>

“ALT Balaji was never formed to compete with Netflix or Amazon,” says founder Ekta Kapoor

<ul><li> The nearly 6% rally in RIL shares accounted for almost all of Nifty’s gains on May 28.</li><li>For the week, RIL has gained over 5.7%, making this the fourth best week for its investors this year. </li><li>The stock has seen gains of over 6% thrice before this ⁠— in January, February and April, 2021.</li><li>Overall, the stock has remained in a narrow ₹300 band since November last year.</li></ul><keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>’s promise of transforming <keyword id="6355199" type="ORGANIZATION" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword> (RIL) from an energy giant to a technology-driven consumer enterprise had the street eating out of his hands last year. The excitement sobered down along with the lull, post the flurry of investments. However, the shares of RIL are getting hot again as some of the promises move closer to reality. The nearly 6% intraday rally in the shares of India’s biggest conglomerate, which has interests in everything from oil and gas to telecom to retail, is the most significant move in the stock in the last 2 months. The surge in RIL shares has been so strong that it accounts for nearly all the gains on the benchmark index, Nifty, as of 1 pm (May 28). Compared to the last week, it is up by over 2%. In comparison, RIL is up by 5.7%. <div type="image" title="RIL 31_03_21 to 28_05_21." msid="83031994" hostid="261" caption="&amp;lt;p&amp;gt;RIL share price&amp;lt;/p&amp;gt;"></div> However, investors will do well to remember that this is still within the range of ₹1,900 to ₹2,200 that RIL has shuttled between since November last year. A Bank of America Global Securities report dated May 19, 2021 suggests that RIL is in the driver’s seat when it comes to telecom, retail and digital fronts. “Overall, we find RIL well placed in its consumer business: telco, retail &amp; digital to benefit in coming years as it gains traction with improving scale,” the report stated. This is the fourth time the stock of Reliance has seen a weekly gain of over 4% this year. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Period </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Gains in RIL share price </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Week ending January 15, 2021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.08% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Week ending February 5, 2021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.83% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Week ending April 23, 2021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.17% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Week ending May 28, 2021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.71% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Week ending May 14, 2021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.78% </td></tr></tbody></table>Source: BSE <cmsannotation type="cmsannotation" annotationid="Google to partner with Reliance Jio for low-cost smartphones" comment="subhead" text="Google to partner with Reliance Jio for low-cost smartphones">Google to partner with Reliance Jio for low-cost smartphones</cmsannotation> One of the triggers behind the massive surge in RIL’s share price could be news of the partnership with tech giant Google for a low-cost Jio smartphone. According to a <a href="https://www.financialexpress.com/industry/technology/google-reliance-jio-working-closely-to-launch-affordable-smartphone-in-india-sundar-pichai/2260038/">PTI report</a>, Google Chief Executive Officer (CEO) Sundar Pichai said that they have started working on the low-cost Jio smartphone. In July last year, <a href="https://www.businessinsider.in/business/news/google-picks-up-a-7-7-stake-in-mukesh-ambani-jio-for-33737-crore/articleshow/76977043.cms">Google picked up a 7.7% stake</a> in Jio Platforms for ₹33,737 crore. The two have come together for <a href="https://www.businessinsider.in/business/corporates/news/checkout-mukesh-ambani-reliance-industries-annual-general-meeting-highlights/articleshow/76976243.cms">Jio’s “2G-mukt Bharat”</a> (2G-free India) initiative, wherein Google will help Jio build a low-cost smartphone, presumably based on either Android or Kai operating system <cmsannotation type="cmsannotation" annotationid="Jio Platforms, Infibeam apply for NUE licence" comment="subhead" text="Jio Platforms, Infibeam apply for NUE licence">Jio Platforms, Infibeam apply for NUE licence</cmsannotation> Reliance’s digital services arm Jio Platforms and Infibeam have signed an agreement and applied for a New Umbrella Entity (NUE) licence, according to the latter. If approved, this would allow Jio and Infibeam to roll out a payments platform. This platform would be a for-profit one, and allows the licence holder to charge for transactions. <cmsannotation type="cmsannotation" annotationid="Another possible contributor to RIL rally" comment="subhead" text="Another possible contributor to RIL rally">Another possible contributor to RIL rally</cmsannotation> <div type="image" title="Balaji Telefilms 31_03_21 to 28_05_21." msid="83032017" hostid="261" caption="&amp;lt;p&amp;gt;Balaji Telefilms share price&amp;lt;/p&amp;gt;"></div> Balaji Telefilms, a quarter of which is owned by Ambani’s Reliance, has also gained over 20% since May 19. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/softbank-backed-paytm-pivots-to-a-3-billion-ipo-plan-a-year-into-the-pandemic-it-could-be-the-largest-market-debut-in-india/articleshow/83000446.cms">Softbank-backed Paytm fast tracks IPO plan a year into the pandemic ⁠— a $3 billion fundraising could be the biggest market debut in India</a> <a href="https://www.businessinsider.in/meet-anjali-sud-vimeos-ceo-who-used-to-market-diapers-and-got-rejected-from-every-big-investment-bank/articleshow/68319301.cms">Meet Anjali Sud, the Indian-origin CEO of Vimeo who took the video-streaming platform public</a> <a href="https://www.businessinsider.in/business/news/indias-micro-blogging-app-koo-raises-30-million-by-tiger-global/articleshow/82965589.cms">India's micro-blogging app Koo raises $30 million led by Tiger Global</a>

Despite the nearly 6% rally, this is only the fourth best week for Reliance Industries’ shares this year

<ul><li>The 30-share BSE index was trading 0.56% higher; while the NSE Nifty jumped 62.90 points at 9:50 am. </li><li>These were the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock market index Sensex jumped over 200 points in early trade on Tuesday driven by gains in index-heavyweights TCS, Infosys and HDFC amid positive cues from global markets. They have now pared their morning gains, led by fall in the banking stocks. The 30-share BSE index was trading 0.56% higher; while the NSE Nifty jumped 62.90 points at 9:50 am. These were the top losers and gainers in the Nifty pack: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TCS </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IndusInd Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hindalco </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ONGC </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hero MotoCorp </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bharti Airtel </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Wipro </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ICICI Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">JSW Steel </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Power Grid </td></tr></tbody></table>*as of September 29, 10:00 am These are the top stocks in news today. Shalby gains 4% The shares of Shalby Limited were trading 4% higher after the board approved the decision to reduce promoters’ shareholding in the company to 75% from the current level of 79.45%. The company will issue equity shares and convertible securities up to ₹ 117.02 crore, it said. Maruti Suzuki India up over 1% The automaker Maruti Suzuki India was trading 1% higher after Morgan Stanley, and HSBC upgraded their ratings to ‘Buy’. The Morgan Stanley revised target price is now at ₹7,570 a share. Anuh Pharma surges 5% The shares of Pharma major Anuh Pharma were up 5% on September 29 after it received approval from the World Health Organization— Geneva Prequalification for Pyrimethamine API, which is used as antimalarial drugs. Tata Consultancy Services up 4% Tata Consultancy Services (TCS) shares were trading 4% higher after the IT major told investors that it won four Stevies at the 2020 International Business Awards. TCS was recognized with two Gold Stevies, one Silver Stevie and one Bronze Stevie for achievements in North America and India, the company said. Hero MotoCorp gains 2% Extending gains for the second day, Hero MotoCorp shares were trading 2% higher after <a href="https://www.newindianexpress.com/business/2020/sep/26/hero-motocorp-harley-engaged-in-advancednegotiations-2202082.html">news reports</a> surfaced that the US-bike maker Harley Davidson is in talks with the Indian two-wheeler major to enter into a distribution arrangement. Infosys surges 2% The shares of IT major Infosys surged over 2% after its wholly-owned subsidiary EdgeVerve Systems recently signed a partnership with Minit, a leader in process mining, to help clients accelerate process excellence. The company said it would jointly create a solution that will empower enterprises with superior insights for business transformation, leading to better operational efficiency and enhanced business results. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/uti-amcs-2160-crore-ipo-opens-today-heres-all-you-need-to-know/articleshow/78376756.cms" data-type="tilCustomLink">UTI AMC’s ₹2,160 crore IPO opens today — Here’s all you need to know</a> <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-infosys-central-bank-of-india-dhfl-anuh-pharma-shalby-balaji-telefilms-and-others/articleshow/78376167.cms" data-type="tilCustomLink">Top stocks to watch— Infosys, Central Bank of India, DHFL, Anuh Pharma, Shalby, Balaji Telefilms and others</a>

Top stock movers — TCS, Wipro, Infosys, Maruti Suzuki, Hero Motocorp, Anuh Pharma and more

<ul><li>Indian stock market indices opened in green on Monday.</li><li>Sensex was trading 0.52% higher at 38,636.36; while the Nifty was up 0.57% at 11,436.65</li><li>These are the top stocks that are buzzing on D-street today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock market indices, Sensex jumped over 200 points in early trade on Monday, led by gains in financial stocks amid firm cues from global markets. The BSE index was trading 0.52% higher at 38,636.36; while the Nifty was up 0.57% at 11,436.65. Kotak Bank was the top gainer in the Sensex pack, rising around 4%, followed by Asian Paints, HDFC duo, Tata Steel, IndusInd Bank, ICICI Bank and SBI. On the other hand, HCL Tech, Tech Mahindra, PowerGrid, Titan, Infosys and TCS were among the laggards. Eicher Motors gains 8% on the stock split date Eicher Motors gained over 8% as its stock split comes into effect from today. The board earlier approved a stock split of existing one equity share of the face value of ₹10 per share into ten equity shares of the face value of ₹1 each. ICICI Lombard up over 1% ICICI Lombard General Insurance gained nearly a percent during early trade hours on Monday after the company said it would acquire Bharti AXA General Insurance operations in a share swap deal. The shareholders of Bharti AXA will receive two shares of ICICI Lombard for every 115 shares of Bharti AXA, as per the share exchange ratio recommended by independent valuers. Minda Industries down nearly 3% Minda Industries shares slid nearly 3% after the company said it incurred a loss of ₹118.3 crore in the first quarter ended June 3. The revenue was down sharply from ₹1,439.7 crore to ₹417.1 crore in Q1. Balaji Telefilms opens 4% higher Balaji Telefilms shares gained nearly 4% after the government announced standard operating procedures (SOPs) for resuming shooting of films and TV programmes. Future Retail down nearly 4% The shares of Kishore Biyani-led Future Retail were down nearly 4% as the company faces a debt repayment deadline after missing an interest payment of $14 million in July. The 30-day grace period also ended on August 22. Reliance Industries up over 1% RIL gained nearly a percent after the company concluded amalgamation and merger amongst its wholly-owned subsidiaries Reliance Holdings USA into Reliance Energy Generation and Distribution. Merger entity Reliance Energy and Distribution has further merged into RIL. Union Bank gains nearly 3% Union Bank shares were up nearly 3% after the bank reported a 48.3% increase in net profit for the first quarter ended June 30. The bank’s total income grew by 101.2% YoY to ₹19,891.26 crore. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-on-monday-indiabulls-housing-finance-future-enterprises-ril-tata-power-dixon-tech-rossari-biotech/articleshow/77712262.cms" data-type="tilCustomLink">Top stocks to watch on Monday— Indiabulls Housing Finance, Future Enterprises, RIL, Tata Power, Dixon Tech, Rossari Biotech and more</a> <a href="https://www.businessinsider.in/policy/economy/news/tribute-to-arun-jaitley-from-finance-minister-nirmala-sitharaman-ahead-of-gst-council-meeting/articleshow/77713182.cms" data-type="tilCustomLink">Finance Minister Nirmala Sitharaman’s tribute to the late Arun Jaitley is also coming ahead of a tough GST Council meeting where states will ask for money</a>

Top stock movers on Dalal Street on Monday— Eicher Motors, ICICI Lombard, Future Retail, RIL, TCS, and more

<ul><li>Reliance has closed 26 <keyword id="6391790" type="UNKNOWN" weightage="20" keywordseo="deals">deals</keyword> in the last 24 months, nearly half of which have been in the telecom and media space. </li><li>The new businesses span from music streaming apps to cable networks to telecom software and hardware units. </li><li>Out of a total investment spend of $5.3 billion in the last five years, a staggering 79% has been allocated towards deals in the telecom sector, according to data compiled by Morgan Stanley. </li></ul><keyword id="6355199" type="COMPANY" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword>’ (RIL) mergers and acquisitions division has had a pretty busy go of it as of late. In the last 24 months, the company, India’s largest by market capitalisation, has closed 26 deals. Of the 26, 15 deals have contributed the most both in terms of deal value as well as in redefining RIL as a company. Some of the new businesses bought over by RIL span from a media production house to music streaming apps to cable networks to telecom software and hardware units. These 15 deals include a currently-stalled bid to buy Reliance Communication’s spectrum and the sale of <a href="https://in.reuters.com/article/reliance-shale/reliance-sells-texas-shale-assets-for-100-million-idINKBN1H31MS">two energy assets</a>, which were part of the company’s mainstay business up until then. Up until a few years ago, RIL was a predominantly an energy major. While oil refining and petrochemicals remain the cash generating units, Ambani is expanding his empire with an eye on future. As he has often said in the recent past, “data is the new oil.” Out of a total investment spend of $5.3 billion in the last five years, a staggering 79% has been allocated towards deals in the telecom sector, according to data compiled by Morgan Stanley. The rerating of the company, as a technology and consumer play, though on the cards, will be a gradual process that will happen over the next few years, Vinod Sharma, head of capital markets strategy and the private clients group at HDFC Securities <a href="https://economictimes.indiatimes.com/industry/energy/oil-gas/why-mukesh-ambani-led-ril-needs-to-be-viewed-as-a-tech-and-consumer-player/articleshow/66395674.cms">told</a> the Economic Times. Concurrently, Reliance’s share price has risen dramatically - capping a 46% jump since mid-March 2018 - signifying investors’ confidence in the prudence of these deals. 
 
 
 
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 Let’s look at some of the recent deals and what they add to the company’s prospects. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 2.25pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 2.25pt;border-top:solid #000000 2.25pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">Month </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 2.25pt;border-top:solid #000000 2.25pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">Company </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 2.25pt;border-top:solid #000000 2.25pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">Transaction </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 2.25pt;border-bottom:solid #000000 2.25pt;border-top:solid #000000 2.25pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">Deal Value </td></tr><tr><td style="border-left:solid #000000 2.25pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 2.25pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">June 2017 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 2.25pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">Balaji Telefilms </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 2.25pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">Bought 25% stake </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 2.25pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 2.25pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">$64 million </td></tr><tr><td style="border-left:solid #000000 2.25pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">February 2018 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">Eros </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">Bought 5% stake </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 2.25pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">$150 million </td></tr><tr><td style="border-left:solid #000000 2.25pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">March 2018 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">Saavn </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">Bought 41% stake </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 2.25pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">$122 million </td></tr><tr><td style="border-left:solid #000000 2.25pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">June 2018 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">Radisys </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">Bought 100% stake </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 2.25pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">$74 million </td></tr><tr><td style="border-left:solid #000000 2.25pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">October 2018 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">Den Networks </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">Bought 59% stake </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 2.25pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">$630 million </td></tr><tr><td style="border-left:solid #000000 2.25pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 2.25pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;"> </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 2.25pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">Hathway Cable </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 2.25pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;">Bought 51.3% stake </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 2.25pt;border-bottom:solid #000000 2.25pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;"> </td></tr></tbody></table> Reliance’s most notable recent acquisition in the telecom space was the purchase of a<a href="https://www.businesstoday.in/top-story/reliance-acquires-58.92-stake-in-den-networks-51.34-share-in-hathway/story/286130.html"> 59% stake in Den Networks and 51.3% stake in Hathway Cable</a> - both multiple system operators (MSO) - in October 2018 for a total deal value of $630 million. The move was specifically geared towards making Reliance the main player in the cable TV and broadband market and assist in the rollout of Reliance <keyword id="2003276" type="PERSON" weightage="20" keywordseo="Jio">Jio</keyword>’s fixed broadband service - GigaFiber. The reduced competition in the space is expected to hurt broadcasters, who will have lesser negotiating power when it comes to finalising subscription revenue packages. Another notable deal was the <a href="https://www.businesstoday.in/sectors/telecom/reliance-industries-signs-usd-74-million-acquisition-deal-radisys-to-boost-5g-iot-push/story/279756.html">$74 million </a>acquisition of a 100% stake in Radisys, a US telecom equipment manufacturer, in June 2018. The deal will help Reliance Jio build its 5G and Internet-of-Things capability. Reliance’s bid to boost its technology offerings is also indicated in deals with smaller amounts. It’s taking a bet on relatively nascent companies and technologies as part of a larger plan to integrate complementary services under its telecom and media business - becoming a software developer and hardware manufacturer in the process. For example, it spent $7 million to buy a minority stake in the US-based<a href="https://telecom.economictimes.indiatimes.com/news/reliance-retail-buys-16-stake-in-kaios-maker-for-7-million/63238579"> KaiOS Technologies</a>, the company that produces the software for its JioPhone. Reliance Industries also closed a deal with <keyword id="46907" type="COMPANY" weightage="20" keywordseo="Reliance-communications">Reliance Communications</keyword> <a href="https://www.businessinsider.in/mukesh-ambanis-reliance-jio-decides-that-it-may-be-too-expensive-to-give-brother-anil-ambanis-rcom-a-lifeline-after-all/articleshow/67174546.cms">in December 2017</a> to purchase ₹200 billion worth of the latter’s spectrum assets . However, <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>’s lifeline to his brother Anil <a href="https://www.businessinsider.in/mukesh-ambanis-reliance-jio-decides-that-it-may-be-too-expensive-to-give-brother-anil-ambanis-rcom-a-lifeline-after-all/articleshow/67174546.cms">was suspended </a>at the end of last year as Reliance Jio refused to accept liability for RCom’s existing spectrum dues. Meanwhile, Reliance has spent an additional $566 million on acquisitions in the media space. In March 2018, the company signed a deal to acquire a 41% stake in <keyword id="2060236" type="COMPANY" weightage="20" keywordseo="Saavn">Saavn</keyword>, a music streaming service, in lieu of a subsequent launch of its <a href="https://www.livemint.com/Companies/A8xcuttXuN3NebrDwPsqVN/Reliance-Jio-and-Saavn-integrate-to-launch-JioSaavn-app.html">own streaming platform</a>. In February 2018, it bought <a href="https://variety.com/2018/biz/asia/mukesh-ambani-reliance-industries-take-eros-1202704828/">a 5% stake in Eros</a>, an Indian film distributor and production company, for around $150 million. In July 2017, Reliance also bought a 25% stake in Balaji Telefilms for $64 million. The deals are aimed at the production and distribution of content for Jio subscribers. Aside from these deals, Reliance’s existing retail business is also in the process of expansion, ahead of a possible IPO. And Ambani is making serious moves in this space too, with the recently announced foray into e-commerce. The company plans to increase its store count of Trends fashion stores nearly five times <a href="https://www.livemint.com/companies/news/reliance-retail-plans-major-expansion-of-reliance-trends-in-e-commerce-push-1552039531473.html">to 2,500 outlets by 2024.</a> Very soon, it may be difficult for any one sector analyst to evaluate the company. SEE ALSO: <a href="https://www.businessinsider.in/Mukesh-Ambani-may-be-the-surprise-winner-from-Indias-new-rules-hurting-Amazon-and-Walmart/articleshow/67751026.cms">Mukesh Ambani may be the surprise winner from India's new rules hurting Amazon and Walmart</a> <a href="https://www.businessinsider.in/two-years-on-reliance-jio-continues-to-dominate-indian-telecom-market-beating-global-giants/articleshow/67380627.cms">Two years on, Reliance Jio continues to dominate Indian telecom market, beating global giants</a> <a href="https://www.businessinsider.in/reliance-industries-just-beat-tata-consultancy-services-to-become-indias-highest-valued-company/articleshow/65212268.cms">Reliance Industries just beat Tata Consultancy Services to become India’s highest-valued company</a>

15 deals have given Mukesh Ambani’s ₹8.5 trillion Reliance Industries a distinct makeover

<ul><li><keyword id="4241922" type="PERSON" weightage="20" keywordseo="ALTBalaji">ALTBalaji</keyword>, from the home of Indian television queen Ekta Kapoor, and Zee’s OTT platform <keyword id="6245082" type="UNKNOWN" weightage="20" keywordseo="ZEE5">Zee5</keyword> have announced a content partnership. </li><li>With the partnership, the two platforms will co-create content for users. </li><li>This comes at a time when both Netflix and <keyword id="758541" type="ORGANIZATION" weightage="20" keywordseo="Amazon-Prime">Amazon Prime</keyword> are encouraging more and more Indian content on their platforms.</li></ul>Homegrown <keyword id="5293670" type="UNKNOWN" weightage="20" keywordseo="OTT-platforms">OTT platforms</keyword> ALTBalaji and Zee5 have teamed up to co-create content which will be available for streaming on both platforms. As per the agreement, they will co-create over 60 original Hindi series. ALTBalaji and Zee5 are backed by large media companies – ALTBalaji is the web initiative of soap opera queen Ekta Kapoor’s Balaji Telefilms. And, Zee5 is the OTT platform of Subash Chandra owned Zee Group, which has over 45 channels across languages in India. Both Ekta Kapoor and Subhash Chandra are giants of the television space who lack a similar might in the online streaming space. 
 
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 Content wars Netflix and Amazon Prime Video are producing India content, wooing its audiences with path-breaking content. Some of their series like Sacred Games, Leila, Made in Heaven and 4 More Shots Please enjoy the same popularity as top-rated TV shows in India. Hotstar which leads the race with its sports programming and screening of globally popular shows like Game of Thrones, also recently put out an Indian adaptation of the popular US show The Office. Zee5 and ALTBalaji both have struck a chord with Indian audiences with their Hindi TV series programming. Now, they want to launch Hindi web series together, and catch younger audiences into the net, and move into the sweet spot created by OTT giants. But in a price sensitive market like India, content is not the king. Zee5 comes with a subscription plan of ₹99 a month, whereas ALTBalaji offers subscription at ₹100 for three months. Bringing them both together, will bring in savings and convenience to the audience. OTT giants too have been coming up with schemes that do not cut into the pockets. Amazon Prime offers a monthly plan of ₹129, and recently announced a 50% cashback for those between the age of 18-24. Netflix too, which is the most premium service in the market, announced a ₹199 mobile-only subscription plan. Here is how much top OTT platforms cost: <table style="border-width: initial; border-style: none; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">Subscription </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">Netflix </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">Hotstar </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">ZEE5 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">Amazon Prime Video </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">Monthly </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">₹500-₹800 (across plans) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">₹299 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">₹99 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">₹129 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">Yearly </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">₹6,000-₹9,600 (no annual plan discount) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">₹999 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">₹999 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">₹999 </td></tr></tbody></table> “Over time, we have seen a steady increase in viewership of regional original content and this partnership will be a great opportunity for our viewers to enjoy the best of both worlds – the one created by ALTBalaji and us. We believe, this will be a game-changer for both – the industry as well as the audiences,” said Tarun Katial, CEO, ZEE5 India.

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“ALT Balaji was never formed to compete with Netflix or Amazon,” says founder Ekta Kapoor

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