Telcos could explore equity tie-ups with tech majors
On Wednesday, Facebook announced a deal in which it took 9.9 per cent stake in Jio Platforms, a fully-owned subsidiary of Reliance Industries, for Rs 43,574 crore.
Investment values Jio Platforms at Rs 4.36 trn; US giant gets 9.99% stake, board seat; collaboration is non-exclusive
Here are the top 10 business headlines of Thursday
Here's a selection of Business Standard opinion pieces of the day
WhatsApp's integration into Jio's e-com platform holds the key: Experts
At Wednesday's price, RIL's market capitalisation stood at Rs 8.64 trillion. This means, the other businesses are being valued by the Street at Rs 4.28 trillion
Jio-Facebook deal would change India's digital economy
The social media giant apparently seeks to catch up on mobile commerce after its WhatsApp Pay failed to make a mark
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
Business Standard brings to you a snapshot of events that made the headlines today
All that happened in the markets today
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