logo
India's media & entertainment sector on track to $100 bn in 10 yrs: Ambani

India's media & entertainment sector on track to $100 bn in 10 yrs: Ambani

Hans India02-05-2025
Mumbai: India's versatile media and entertainment industry can grow more than three-fold to $100 billion in the next decade, creating millions of jobs and a ripple effect across sectors, billionaire Mukesh Ambani said on Thursday.
Ambani, whose group controls Network18 - one of India's largest media conglomerates - as well as digital platforms, entertainment channels and content streaming platforms, said the fusion of storytelling and digital technologies has created a strategic and economic opportunity.
'India's media and entertainment industry is today valued at $28 billion. It can grow to over $100 billion in the next decade. This growth will drive entrepreneurship, generate millions of jobs, and create a ripple effect across sectors,' he said, while speaking at the inaugural session of the WAVES-2025 conference here.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bullish IPO debut: Peter Thiel-backed crypto giant targets $4.2B valuation—is the new crypto wave knocking on Wall Street's door?
Bullish IPO debut: Peter Thiel-backed crypto giant targets $4.2B valuation—is the new crypto wave knocking on Wall Street's door?

Time of India

time5 hours ago

  • Time of India

Bullish IPO debut: Peter Thiel-backed crypto giant targets $4.2B valuation—is the new crypto wave knocking on Wall Street's door?

Bullish IPO 2025 is making headlines as the Peter Thiel-backed crypto exchange prepares for a massive $4.2 billion debut on the NYSE. With strong support from Wall Street giants like J.P. Morgan and interest from BlackRock and ARK, Bullish is setting the tone for a new era of institutional crypto investing. The company's regulatory-compliant model, massive $3B+ asset reserve, and strategy to convert IPO funds into stablecoins make it stand out. Backed by CoinDesk and built for serious traders, Bullish could redefine crypto's role in traditional finance. Bullish, the Peter Thiel-backed crypto exchange, is officially stepping onto Wall Street with a bold IPO move. Targeting a massive $4.2 billion valuation , the company plans to raise up to $629 million by offering over 20 million shares on the New York Stock Exchange under the ticker BLSH . With major underwriters like J.P. Morgan and Citi onboard, this listing marks one of the most significant U.S. crypto IPOs in years—signaling what could be the start of a powerful new wave for digital asset firms in public markets. Tired of too many ads? Remove Ads Bullish looks to raise up to $629 million in IPO Crypto market recovery and regulatory clarity fuel investor interest Tired of too many ads? Remove Ads What sets Bullish apart from other crypto exchanges Backing from Peter Thiel and other heavyweight investors adds credibility Bullish plans to convert IPO proceeds into stablecoins to boost liquidity Bullish already holds $3 billion in liquid assets Tired of too many ads? Remove Ads 24,000 Bitcoin (BTC) 12,600 Ethereum (ETH) Over $400 million in stablecoins and cash Lower IPO valuation reflects realism and maturity Big names like BlackRock and ARK are showing early interest What Bullish's IPO means for the future of crypto stocks Roadshow underway, pricing expected mid-August Why investors should keep a close eye on Bullish Key IPO details at a glance: Company : Bullish Global : Bullish Global IPO Valuation Target : $4.2 billion (fully diluted at $31/share) : $4.2 billion (fully diluted at $31/share) Ticker Symbol : BLSH (NYSE) : BLSH (NYSE) Price Range : $28–$31 per share : $28–$31 per share Shares Offered : 20.3 million (plus 3.05 million overallotment) : 20.3 million (plus 3.05 million overallotment) Capital Raised (Est.) : Up to $629 million : Up to $629 million Lead Underwriters : J.P. Morgan, Citigroup, Jefferies : J.P. Morgan, Citigroup, Jefferies Use of Proceeds : Conversion into stablecoins, liquidity enhancement : Conversion into stablecoins, liquidity enhancement Institutional Interest : BlackRock, ARK (non-binding interest up to $200 million) : BlackRock, ARK (non-binding interest up to $200 million) Liquid Assets : $3B+ (BTC, ETH, cash, stablecoins) : $3B+ (BTC, ETH, cash, stablecoins) CoinDesk Acquisition: Completed in 2023 (~$70M) FAQs: Bullish, the cryptocurrency exchange backed by billionaire tech mogul Peter Thiel, is gearing up for a major move on Wall Street, targeting a $4.2 billion valuation in its highly anticipated IPO debut on the New York Stock Exchange (NYSE). This IPO marks one of the most significant crypto stock market listings since Coinbase's 2021 launch and signals a new chapter for digital assets in the public investment institutional investors warm up to crypto again, thanks to clearer U.S. regulations, Bullish's entry into the stock market could set the tone for the next wave of crypto IPOs in plans to raisethrough its U.S. IPO by offering approximatelyto the public, priced betweenper share. There's also a 30-day option for underwriters to purchase an additional, potentially pushing the total raised even IPO, which will trade under the ticker, is being led by major investment banks, and. This trio of top-tier underwriters signals strong Wall Street confidence in Bullish's business model and long-term timing of this IPO couldn't be more strategic. After years of uncertainty, the U.S. crypto space is finally finding its regulatory footing. The recent passage of the GENIUS Act, which sets out clear rules for stablecoins and crypto exchanges, is boosting investor confidence across the unlike many other platforms, has focused on full regulatory compliance, institutional-grade operations, and financial transparency—three things that traditional investors now demand in the post-FTX world. The exchange's emphasis on security, deep liquidity, and asset transparency gives it a competitive edge as it enters public is not your average crypto exchange. Unlike Robinhood, Binance, or meme coin-centric platforms, Bullish is built for institutional trading. It offers deep order books, high liquidity, and secure asset custody systems that attract professional traders and large institutions rather than speculative retail standout feature is its ownership of CoinDesk, a top-tier crypto media company acquired in 2023 for about $70 million. This allows Bullish to not only operate as a trading platform but also influence the narrative in crypto markets through strategic media visibility—something no other exchange has done at this presence of Peter Thiel as a lead backer adds significant weight to Bullish's reputation. As co-founder of PayPal and Palantir, Thiel's involvement lends Bullish the same disruptive tech DNA that made those firms Wall Street is also supported by a powerful syndicate of investors, including Founders Fund, Galaxy Digital, and Japanese banking giant Nomura. This global backing gives the exchange both geographic reach and financial clout—two key advantages as it scales operations many companies that simply add IPO funds to their balance sheet, Bullish plans a more strategic move. A large portion of the net IPO proceeds will be converted into U.S. dollar-backed stablecoins, helping to reduce exposure to crypto market volatility and enhance overall platform decision aligns with the provisions of the GENIUS Act, showing regulators and investors alike that Bullish is serious about stable, compliant of its IPO filing, Bullish holds a massive $3+ billion in liquid assets. That includes:This robust balance sheet gives Bullish a serious financial advantage over many of its peers, enabling it to offer better pricing, handle larger trades, and remain resilient during market in 2021, Bullish had attempted to go public via a SPAC merger with Far Peak Acquisition Corp, which would have valued the company at $9 billion. That deal was eventually scrapped in 2022 amid crypto market instability and unclear with stronger financials and regulatory clarity, Bullish is taking a more realistic approach. Its current IPO target of $4.2 billion may be lower than past ambitions, but it's far more aligned with today's market environment and investor appetite for Bullish shares appears to be heating up. Both BlackRock and ARK Investment Management have expressed non-binding interest in investing up to $200 million at the IPO price. While not yet confirmed, this level of potential commitment from two of the world's most influential asset managers is a major vote of these firms follow through, Bullish could attract even more institutional attention—and likely outperform expectations in its debut week on the IPO could set the stage for a new wave of crypto companies entering the U.S. public markets. Industry leaders like Circle, eToro, Kraken, and OKX are reportedly preparing IPOs of their own, and Bullish's performance will likely become a benchmark for the entire regulators, and crypto advocates alike will be watching closely to see if Bullish can bridge the gap between traditional finance and digital assets—something many platforms have tried and failed to confidentially filed with the SEC in June and made its public filing on August 4, 2025. The IPO roadshow began shortly after, with pricing expected in the week of August 11, according to industry the listing set for later in August, the next few weeks will be critical for final investor commitments and pricing Bullish IPO is shaping up to be one of the most important tech listings of 2025—not just for crypto, but for the broader financial sector. Backed by elite investors, flush with liquidity, and positioned perfectly in a newly compliant U.S. regulatory framework, Bullish has all the ingredients of a breakout you're a long-term crypto believer or a traditional investor exploring digital assets for the first time, Bullish stock is one to watch closely. It's more than a crypto company—it's a financial infrastructure play, and one that could help shape the future of how digital assets trade, move, and are regulated in mainstream Bullish delivers on its promises, this IPO could become a pivotal moment in crypto's path to institutional acceptance and long-term a crypto exchange backed by Peter Thiel going public with a $4.2B valuation on it's fully regulated, holds $3B+ in assets, and is backed by BlackRock and ARK.

India's most expensive car is not owned by Mukesh Ambani, Gautam Adani or Kumar Mangalam Birla, its price is..., owner is...
India's most expensive car is not owned by Mukesh Ambani, Gautam Adani or Kumar Mangalam Birla, its price is..., owner is...

India.com

time9 hours ago

  • India.com

India's most expensive car is not owned by Mukesh Ambani, Gautam Adani or Kumar Mangalam Birla, its price is..., owner is...

Mukesh Ambani eyes major deal! Even Gautam Adani stepped back from race, Reliance to become biggest…, deal is about... Most expensive car of India: We all know about the luxurious lifestyle of India's richest man and the chairman of Reliance Industries, Mukesh Dhirubhai Ambani. From the likes of Rs 15000 crore Antilia to private jets and luxurious car collections, Mukesh Ambani enjoys everything that a rich man in India dreams of. However, do you know the fact that most expensive car of India is not owned by Mukesh Ambani. Yes, contrary to popular belief, Mukesh Ambani does not own the country's most expensive car. Who owns most expensive car of India? It is first worth noting that India's luxury car market is expanding rapidly and is expected to double by 2030. In the world of luxury, there is a car known as Rolls-Royce Phantom EWB, which is known as the most expensive car of India. On a surprising note, the ownership of the most expensive car goes to industrialist Yohan Poonawalla, who owns a highly customised Rolls-Royce Phantom EWB worth Rs 22 crore, featuring a Bohemian Red finish and a solid gold Spirit of Ecstasy. How Rolls-Royce Phantom is special? The Rolls-Royce Phantom comes with luxury features like dual rear infotainment screens, a starlight headliner, ventilated and heated electric seats, and night vision. It is powered by a 6.75-litre twin-turbo V12 engine producing 571 PS and 900 Nm of torque. Who is Yohan Poonawalla? Yohan Poonawalla is the Chairman of Poonawalla Engineering Group viz; Intervalve Poonawalla Ltd, El-O- Matic India Pvt Ltd. Yohan is also a Shareholder in Serum Institute of India Pvt. ltd and Chairman of Poonawalla Financials Pvt Ltd. Other than this, he is also a Director of the Poonawalla Stud Farms and Poonawalla Racing and Breeding. More notably, Yohan is the son of Mr. Zavaray Poonawalla who is the President of the Poonawalla Group. Mr. Zavaray Poonawalla is the co-founder of the Serum Institute of India, which was founded in 1966, as per the official website of Yohan Poonawalla.

Big challenge for BSNL and VI as Mukesh Ambani's Reliance Jio launches 28 days unlimited calling pack at...,2GB internet will be given for...
Big challenge for BSNL and VI as Mukesh Ambani's Reliance Jio launches 28 days unlimited calling pack at...,2GB internet will be given for...

India.com

time13 hours ago

  • India.com

Big challenge for BSNL and VI as Mukesh Ambani's Reliance Jio launches 28 days unlimited calling pack at...,2GB internet will be given for...

Mukesh Ambani (File) Reliance Jio Rs 189 plan: In a massive good news for the customers who are looking for affordable recharge plans with maximum validity, Mukesh Ambani's Reliance Jio has launched Rs 189 prepaid plan with a validity of 28 days. As a part of the plan, Reliance Jio offers 28 days validity, unlimited calls, 300 SMS, and 2GB total data. The recharge plan is suited for the customers who want to keep their SIM active with only calling purposes. Here are all the details you need to know about the Reliance Jio Rs 189 plan, seen as a market changing move. Why the Reliance Jio Rs 189 plan is market-changing? While BSNL and Vi offer cheaper plans, they mostly serve low-spending users and this is why, the new Reliance Jio plan has reached the masses. The telecom sector is now focusing on increasing average revenue per user (ARPU), with the next tariff hike expected in 2026. What will users get in Reliance Jio Rs 189 plan? The plan suits users who need basic calling more than internet, and includes access to JioTV and JioAICloud. Most importantly, the Jio plan will help keep SIMs active at low cost. Notably, the special thing about this plan is that its price is less than Rs 200. BSNL soft launches Quantum 5G FWA In another major development, the Bharat Sanchar Nigam Limited (BSNL) has announced the soft launch of BSNL Quantum 5G FWA (Fixed Wireless Access). This indigenous, SIM-less fixed-wireless-access solution delivers fibre-like speeds over 5G radio, according to an official release issued by the Ministry of Communications, carried by ANI. Notably, BSNL is the now first Indian operator to showcase a production-grade SIM-less 5G service, which is built on BSNL's Direct-to-Device platform so the customer's CPE auto-authenticates – no physical SIM required, as per a report carried by news agency ANI. (With inputs from agencies)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store