Put together 1.3 billion people, dirt cheap internet plans, and a nationwide love for cricket, and what do you get? World records, of course. Hotstar has set a world record for the most number of people that were watching a live event on a streaming service. Yesterday’s IPL final between the Mumbai Indians and Chennai Super Kings at one point drew 18.6 million simultaneous users on its service. Hotstar thus comprehensively broke its own record…

After building interests in everything from crude oil refining, retail, media properties, a cricket team, and India’s youngest telecom company, something new has caught Mukesh Ambani’s fancy — toys. Reliance has acquired iconic British toy retailer Hamleys, the company said on Thursday. Reliance, through its subsidiary Reliance Brands, will now own a 100% stake in the British company in exchange for 68 million pounds (Rs. 620 crore). In India, Reliance is already the master franchise for Hamleys…

There could soon be yet another Indian CEO heading a US-based multinational giant. Ajit Jain, who’s currently the Vice Chairman of Insurance Operations at Berkshire Hathaway, is a prime contender to take over from Warren Buffett as CEO after Buffett’s retirement. The announcement was made by Buffett himself at Berkshire Hathaway’s shareholders meeting, when he said that Ajit Jain and Gregory Able, who were both promoted last year to the board of directors, would in the…

If you happen to pick the right gig, working for just 17.5 hours can make you more money than most people make in their careers. In 1971, Carolyn Davidson was a graphic design student at Portland State, when she met a man who was teaching accounts at the same university. The man, who was named Phil Knight, wasn’t a full time accounts teacher — he was also running a shoe company on the side. He learnt that…