Jio Platforms has now announced a combined investment of Rs 104,326.95 crore in 10 deals since April 22
This is the eighth deal announced by RIL in the last two months
Reserved and mostly invisible to the public, Modi is viewed by many insiders and others in India's business world as the right hand of billionaire Mukesh Ambani.
The SC has not dictated the telcos to pay the dues right away, which shows its flexibility on the matter
Customer behaviour will see permanent shifts to higher digital adoption in e-commerce/online grocery, digital payments, and digital content from Covid, the report stated
ARPU gains, hopes of government intervention and upgrades for Vodafone Idea strengthen Street's view
Edelweiss Securities recently said that the company is expected to repay its entire reported net debt even if the Saudi Aramco deal is delayed.
8th investment values firm at Rs 4.9 trn on equity value basis
With this investment, Jio Platforms has raised Rs 97,885.65 cr from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala and ADIA.
Duopoly, with only Jio and Airtel, will be unhealthy and lead to job losses in the sector
Here is what Reliancec Jio offers in the free Hotstar+Disney and Amazon Prime yearly subscription
Reliance also received Rs 7,000 crore by selling 49 per cent stake in its petro retail business to BP
Reliance Industries in a statement said with this, aggregrate investment by Silver Lake in Jio Platforms will be Rs 10,202.55 crore
The Mukesh Ambani-led company plans to reduce debt with the proceeds from the stake sale
From Modi government planning for the eighth term at UNSC, RBI creating Payments Infrastructure Development Fund to Elon Musk calling for a breakup of Amazon, here are the top headlines of the day
Including investment by the Abu Dhabi fund, Reliance has now sold a combined 19% interest in Jio Platforms in six deals announced over as many weeks
Abu Dhabi state fund Mubadala Investment Co will buy a 1.85 per cent stake in its digital unit, Jio Platforms, for Rs 9,093.6 crore.
The top headlines Friday morning: from Jio Platforms bagging another international investor to India's consumer confidence.
The planned investment, if completed, would mean Amazon acquiring a roughly 5% stake based on the current market value of Bharti
Today, a total of 15 companies including DLF, PI Industries, and SRF are scheduled to announce their March quarter results