Page 67 - Reliance Jio

RIL closes four Jio stake sale deals, receives Rs 30,062 cr from investors

Reliance had sold a total of 25.09 per cent stake in the subsidiary which houses India's youngest but largest telecom firm, Jio, to 11 investors for Rs 1,17,588.45 crore

TRAI notifies changes to interconnection rules for fixed-line networks

The term 'interconnection' refers to commercial and technical arrangements under which telecom service providers connect their equipment, networks, and services to enable access to other networks

Vodafone Idea defaults on rental, energy payments for June to tower firms

According to a senior executive of a telecom tower firm, Vodafone Idea cited payment of adjusted gross revenue (AGR) to the government and the resultant cash flow problems for the default.

As Asian deals disappear, India becomes unlikely hotspot for M&A

Thanks to investments in Jio, India accounts for more than 12 per cent of announced deals in the Asia Pacific region so far this year, the highest ratio since at least 1998.

Planning significant investment, more hiring in India in next 5 years: Zoom

Popular video conferencing app Zoom is planning to make a significant investment in India over the next five years and ramp up hiring

Reliance Jio, Airtel preparing to cash in on online gaming boom in India

Online gaming, that was a $1.9 billion industry in India in 2019, can well be on track to grow at a 35 per cent compounded rate (CAGR) to hit $8.4 billion by 2024

Jio Platforms gets Rs 43,574 crore from Facebook for 9.99% stake sale

The deal between Jio Platforms and Facebook was announced on April 22

RBI steps up intervention in forwards, rupee weakens on heavy dollar demand

The central bank is parking these accumulated dollars in the forwards markets, which is improving liquidity for now at the cost of demand of dollar for a future date

Reliance Industries' m-cap breaches Rs 12 trillion-mark, stock gains 3%

The stock hit a fresh record high of Rs 1,847.7, advancing 3.4 per cent, on the BSE on Monday

15th FC chairman N K Singh, NITI Aayog CEO Amitabh Kant endorse JioMeet

JioMeet has seen a huge surge in its ranking on Google Play, based on its downloads

Intel Capital picks up 0.39% stake in Jio Platforms for Rs 1894.50 cr

The latest fund raising news comes on the back of RIL's announcement that it has turned net debt free ahead of its March 2021 deadline

Zoom's newest challenger: Budding internet tycoon Mukesh Ambani

Like Google Meet, Microsoft Teams and other services, JioMeet offers unlimited high-definition calls - but unlike Zoom, it doesn't impose a 40-minute time limit.

Reliance opens JioMeet app to public, to support 100 users per session

"As a host of the call/meeting, you can invite up to 100 participants including yourself," JioMeet website said

Top headlines: India's Covid-19 vaccine plans, PM Modi in Ladakh & more

Here are the top headlines of the day

After 10 years at the helm, Rajan Mathews quits COAI; SP Kochar takes over

Mathews, who is a US citizen, will be heading to the US to join his family in New Jersey

RIL net debt to dip with rights issue, Jio stake sale: Morgan Stanley

Reliance Industries announced today an investment of $252 million by Intel Capital for a 0.39 per cent stake in Jio Platforms

Intel Capital invests Rs 1,894 crore for a 0.39% stake in Jio Platforms

This will be the twelfth big ticket investment in the firm in less than three months

Reliance launches JioMeet to take on Zoom, can support up to 100 members

Other highlights include easy sign up with either mobile number or email ID, meeting in HD audio and video quality

Jio requested to augment data connectivity at 10,000-bed Covid-19 centre

The South Delhi district administration requested Reliance Jio to augment data connectivity at the 10,000-bed Sardar Patel Covid-19 Centre in Radha Soami Satsang Beas campus in Chattarpur area here.

DoT warns operators of action if banned Chinese apps are not deleted

The order came after the government this week banned several Chinese apps including ByteDance's TikTok, Alibaba's UC News and Tencent's WeChat citing "threat to sovereignty and integrity.