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Saturday, November 2, 2024
TopicJio

Topic: Jio

Zoom has a new challenger – budding internet tycoon Mukesh Ambani

Ambani’s Reliance has launched JioMeet video conferencing app after beta testing. The app has already garnered more than 100,000 downloads.

Intel invests Rs 1,895 crore in Ambani’s Jio Platforms for 0.39% stake

Intel Corp. has agreed to pay approximately Rs. 1,895 crore ($253 million) for a stake in the telecom giant, joining other investors like Facebook Inc., KKR & Co. and Silver Lake Partners.

After luring $10 billion of investment, Mukesh Ambani plans foreign IPO for Jio Platforms

Reliance is preparing Jio Platforms for an IPO outside India and the offering could happen in the next 12 to 24 months.

Reliance starts testing JioMart, its online grocery shopping portal across India

JioMart is now delivering in more than 200 cities. Last month, it started a pilot project serving users in three neighbourhoods surrounding Mumbai.

Mukesh Ambani now courts Saudis and investors who backed Uber, Airbnb for Jio

Investors are betting on Jio’s access to India’s huge consumer market & its potential to shake up traditional industries with its technology.

Mukesh Ambani is a man on a mission and even a pandemic or lockdown can’t stop him

Mukesh Ambani has raised $8 billion with 3 deals in 3 weeks as he races to transform his oil-and-petrochemicals empire into a tech-driven, e-commerce force.

With Facebook’s Jio investment, the India story is back, despite pandemic

This new platform will not displace small and local businesses. Instead, it will collaborate with them and amplify their reach as well as their profitability.

With Ambani by his side, Zuckerberg has finally made his Mark in India’s telecom space

Apart from paring its debt, the Facebook deal will help RIL enter India’s e-commerce space by tapping into WhatsApps’ 400 million strong userbase.

RSS affiliate slams Facebook-Jio deal, says it’s a bigger threat than Amazon, Flipkart

Concerns raised by Swadeshi Jagran Manch were echoed by Confederation of All India Traders and the Laghu Udyog Bharati, another RSS affiliate.

Mukesh Ambani is back as Asia’s richest man after Jio’s deal with Facebook

Mukesh Ambani’s fortune rose about $4.7 billion to $49.2 billion on Wednesday, after Reliance Industries Ltd. gained 10%.

On Camera

As a Hindu Canadian, I am deeply hurt by cancellation of Diwali. My community is now sidelined

Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Indian firms sanctioned by US didn’t violate laws, says MEA. Hyderabad firm that supplied to Army on list

Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.