Reliance Jio

General Atlantic to invest Rs 3,675 cr in Reliance Retail

US-based private equity firm General Atlantic will invest Rs 3,675 crore for a 0.84 per cent stake in Reliance Retail, the Indian firm said on Wednesday.

Sep 30, 2020

Silver Lake to invest Rs 7,500 crore for 1.75% in Reliance Retail

U.S. private equity firm Silver Lake Partners will invest 75 billion rupees ($1.02 billion) in the retail arm of Indian conglomerate Reliance Industries Ltd for a 1.75% stake, Reliance said on Wednesday.

Sep 9, 2020

Reliance-Google smartphone deal in India threatens Chinese firms

A $4.5 billion deal under which Alphabet's Google will collaborate with India's Reliance Industries on a new smartphone likely heralds a big shake-up for the world's second-largest mobile market, industry executives and analysts say.

Jul 20, 2020

Google to invest Rs 33,737 crore for 7.73% stake in Jio Platforms

With Google's investment, strategic and financial investors have committed a total of 1.52 trillion rupees in the last few months, Mukesh Ambani said at the company's annual shareholders meeting hosted via a webcast.

Jul 15, 2020

US 5G giant Qualcomm invests ₹730 crore in Reliance digital unit

India's Reliance Industries on Sunday said Qualcomm Inc's investment arm will buy a 0.15% stake in its digital unit Jio Platforms for 7.3 billion Indian rupees ($97.1 million).

Jul 12, 2020

Zoom vs JioMeet: Indian competition faces new heat with uncanny UI and app resemblance

JioMeet's striking uncanny UI and app resemblance to US-innovation Zoom post its launch was heavily ridiculed, criticized, and brought to notice by the Twitteratis. Will JioMeet face legal action from Zoom for copying its UI and app-design?

Jul 9, 2020

Intel to invests Rs 1,894.5 Crore in Reliance Jio, 12th deal in 11 weeks

Reliance Industries Ltd said on Friday that Intel Corp would buy a 0.39% stake in its digital unit, Jio Platforms, for 18.95 billion rupees ($253.55 million).

Jul 3, 2020

How Mukesh Ambani made Reliance Industries debt-free well ahead of its target

In less than 2 months, the company managed to secure investments around 1.6 lakh crore through 11 investors and the Right issue.

Jun 19, 2020

Reliance says Saudi's PIF to invest Rs 11,367 crore in Jio

Saudi Arabia's Public Investment Fund (PIF) will buy a 2.32% stake in Reliance Industries' digital unit Jio Platforms for 113.67 billion rupees ($1.49 billion), the Indian conglomerate said on Thursday, June 18.

Jun 18, 2020

After Mubadala, Reliance says Abu Dhabi Investment Authority invests $752 million in digital unit

Ambani has always pitched Jio as a tech company instead of a traditional mobile carrier, often saying publicly that "data is the new oil".

Jun 8, 2020

Reliance says Silver Lake, co-investors to invest extra Rs 4,546.80 cr for total 2.08% stake

Silver Lake's new investment gives Jio Platforms — which houses Reliance's telecoms arm Jio Infocomm and its music and video streaming apps — an enterprise value of 5.16 trillion rupees, Reliance said in a regulatory filing, and takes Silver Lake's stake to 2.08% from just over 1%.

Jun 6, 2020

After Facebook and Silver Lake, Abu Dhabi-based Mubadala invests Rs 9,093 cr in Jio Platforms

The Abu Dhabi-based sovereign investor, will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

Jun 5, 2020

Amazon in talks to buy $2 billion stake in Indian telco Bharti Airtel

Amazon counts India as a crucial growth market where it has committed $6.5 billion in investments mainly toward expanding its e-commerce footprint.

Jun 4, 2020

Here's why Google is mulling stake in debt laden Vodafone Idea

As per the order of the Supreme Court, Vodafone Idea owes as much as Rs 54,000 crore in adjusted gross revenue (AGR) dues to the government.

May 29, 2020

Reliance launches Jiomart: New online grocery service challenges Amazon, Flipkart

JioMart, the e-commerce venture of Reliance's retail arm, offers free express grocery delivery from neighbourhood mom-and-pop stores.

May 24, 2020

Private equity firm KKR to invest Rs 11,367 crore in Reliance Jio for 2.32% stake

Reliance Industries Limited (RIL) and Jio Platforms Limited, India's leading digital services platform, announced on Friday that US private equity fund, KKR will invest Rs 11,367 crore into Jio Platforms.

May 22, 2020

After Facebook, Microsoft mulling investment in Reliance Jio; here are the signs

Several stock market analysts are of the opinion that Microsoft could soon follow Facebook's footsteps and buy stakes in Reliance Jio.

May 20, 2020

Mukesh Ambani's RIL could sail through India's economic crisis unscathed: See how

At a time when the world economy has come to a standstill with businesses suffering huge losses, and companies deliberating on means and measures to tide over the Covid-19 crisis, Reliance Industries Limited (RIL) is riding high on success. RIL's Jio platform has managed to attract major investments in a span of just 3 weeks from Facebook, Silver Lake and Vista, in hopes to fortify the digital ecosystem in India and empower consumers in the near future.

May 16, 2020

Reliance Jio rakes in Rs 60,596.37 crore investments in just 3 weeks; Facebook, Silver Lake and now Vista!

Amidst coronavirus pandemic affecting business growth prospects in India and denting profit margins, Reliance Jio attracted major investments to a tune of Rs 60,596.37 crore.

May 8, 2020

After Facebook, Silver Lake to invest Rs 5,655 crore in Reliance Jio Platforms

Facebook last month poured in Rs 43,574 crore for a 9.99 per cent stake in India's oil-retail-telecom conglomerate-led Jio Platforms -- the largest investment for a minority stake by a tech giant.

May 4, 2020