The unveiling of Jio Glass coincided with Google's Rs 33,737 crore investments in Jio Platforms for 7.7 per cent stake
With the fund raising now achieved, Reliance Industries has become a debt-free company
Here are the top headlines on Wednesday
The Jio Glass supports interactive 3D space, holographic content and 2D video conferencing features. It weighs 75 g, and supports all audio formats, according to the company
Google will invest Rs 33,737 crores for a 7.7 per cent stake in Jio Platforms
In the next three years, Jio will connect half a billion mobile customers, a billion smart sensors and 50 million home and business establishments, Ambani said.
The key event for the Indian markets today will be the 43rd Annual General Meeting of Reliance Industries which will be held via videoconferencing later in the day
Ambani, 63, may at the company's first online AGM also give a sneak preview of his vision for decarbonisation of energy molecules to create value-added products with almost no carbon emissions.
The chairman of Reliance Industries, whose wealth surpassed Warren Buffett's last week, is now worth $72.4 billion, according to the Bloomberg Billionaires Index.
Fix legal issues to attract more investment
Global tech leaders from Facebook to Intel are looking for multiple ways to grab a slice of the action in the South Asian country, where millions of first-time internet users are added every month.
Both the companies are looking at partnerships to expand their India business
TDSAT to hear Vodafone appeal, Jio's application on Thursday
The number of telephone subscribers in India decreased from 1,180.84 million at the end of February to 1,177.97 million at the end of March, thereby showing a monthly decline rate of 0.24 per cent.
Investors, including Facebook and KKR & Co, have already poured in a combined $15.64 billion for just over 25% in Jio Platforms
Deals worth $9.6 billion in Jio Platforms accounted for 52 per cent of all PE/VC investments in this period
Chairman and Managing Director Mukesh Ambani will address shareholders using the in-house JioMeet platform.
Altogether, Reliance Industries has sold 25.24 per cent stake in Jio Platforms Ltd and raised over Rs 1.18 trillion in the process
Qualcomm Ventures is a global fund of Qualcomm that invests in pioneering companies across the wireless ecosystem in areas like 5G, AI, IoT, automotive, networking and enterprise
Qualcomm Ventures is an investment arm of Qualcomm Incorporated