Reliance Jio-Facebook deal is an attempt to marry e-commerce with social media, say analysts.
Experts tracking the space are of the opinion that the investment reposes global investors' confidence in India's telecom and broadband space
Mukesh Ambani, in August 2019, had said he wanted to make RIL a zero-debt company in 18 months by selling stakes in several businesses and unlocking value in some others
Indian equity markets inched higher on Wednesday, helped in great part by Reliance Industries (RIL), which ended over 10 per cent higher
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Jio Platforms, Reliance Retail and WhatsApp also enter into a commercial partnership agreement
With this investment, Facebook will own 9.9 per cent stake in Jio Platforms. This would be Facebook's biggest minority shareholding ever
In a Facebook post, Mark Zuckerberg announced that the two companies are joining hands to help people and businesses in India create new opportunities
Top line gets boost in March qtr as more people work from home
Rising telecom revenues to partly compensate for muted show of refining, retail & petrochemicals
This period will serve as a reckoning for remote work and may help to spur on digital transformation
The company's scrip zoomed 9.74 per cent to Rs 1,035 on the BSE
The report said the outspread of coronavirus could alter the schedule of signing the deal
Facebook, which owns WhatsApp, will get a significant footing in the Indian telecom market if this deal goes through
Data demand sees a 10% surge as people step up work from home over Covid-19, Here's how telecoms are responding to the demand and encouraging more people to work from home
The company has also doubled data limits for top-up voucher and bundle-free calling minutes to non-Jio networks in these vouchers
Jio has also doubled data limits for top-up voucher and bundle-free calling minutes to non-Jio networks in these vouchers.
A hike in tariffs is guaranteed. But it would not necessarily lead to higher ARPU
There has been a steady rise in market concentration in several sectors across manufacturing