https://www.taxtmi.com/news?id=66524 Universal Music Group's purchase of a 30% equity stake in Excel Entertainment valuing the firm at Rs 2,400 crore is portrayed as a strategic foreign partnership affirming global confidence in India's creative economy and Mumbai's emergence as a media and entertainment hub. The deal is attributed to investor preferences for talent, policy stability, respect for intellectual property, speed of execution, and a complete ecosystem, with the state government credited for enabling investment through policies, infrastructure, ease of doing business, skill development, and IP support. en-us Mon, 05 Jan 2026 19:31:03 +0530 Mon, 05 Jan 2026 19:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=66524 Universal Music Group's purchase of a 30% equity stake in Excel Entertainment valuing the firm at Rs 2,400 crore is portrayed as a strategic foreign partnership affirming global confidence in India's creative economy and Mumbai's emergence as a media and entertainment hub. The deal is attributed to investor preferences for talent, policy stability, respect for intellectual property, speed of execution, and a complete ecosystem, with the state government credited for enabling investment through policies, infrastructure, ease of doing business, skill development, and IP support. News - Mon, 05 Jan 2026 19:31:03 +0530 https://www.taxtmi.com/news?id=66524