Facebook-Jio deal a reflection of faith in Indian economy, says USISPF
4 years, 8 months ago

Facebook-Jio deal a reflection of faith in Indian economy, says USISPF

The Hindu  

Facebook’s $ 5.7 billion investment in Reliance Jio in the midst of the coronavirus pandemic is a reflection of the faith that foreign companies have in the Indian economy’s potential and future growth, a top US-based India-centric business advocacy group has said. In an interview to PTI, US India Strategic and Partnership Forum president Mukesh Aghi said the COVID-19 crisis has offered India the best opportunity to attract foreign investment and replace China as the world’s manufacturing hub. “I strongly feel that once the COVID-19 crisis ends, India will have the best opportunity to attract hundreds of these companies into the country,” Aghi said. It also reflects the faith of foreign companies in the potential of India’s economy and future growth,” Mr. Aghi said. It is important that “India builds confidence” among foreign companies by assuring them of providing a “level playing field” as well as “transparency and stability” in policy making, Mr. Aghi said.

India China Indian Companies Jio Covid Foreign Facebook Foreign Companies Usispf Indian Economy Aghi Usis  covid19  investment  saidit  aghi  deal  facebookjio  india  reflection  crisis  china  indian  mr  economy  companies  foreign  faith  usispf

History of this topic

Expert view: India’s growth story remains strong; Trump’s policies may boost China+1 strategy, says Mandal of Marcellus
3 weeks, 4 days ago

Expert view: India’s growth story remains strong; Trump’s policies may boost China+1 strategy, says Mandal of Marcellus

Live Mint  

Expert view: Arindam Mandal, the head of global equities at Marcellus, remains confident about India’s long-term structural growth story. In an interview with Mint, Mandal shares his views on the Indian stock market, the US Fed's rate reduction cycle and explains what key factors Indian investors should consider before investing in developed market equities. While Trump’s trade policies are aimed …

Reliance Jio becomes top telecom service provider of India, followed by Airtel and Vi
8 months ago

Reliance Jio becomes top telecom service provider of India, followed by Airtel and Vi

India TV News  

Telecom Regulatory Authority of India has released the user data of telecom companies for March 2024 which revealed that Jio has taken a big leap once again in terms of users in the country. As per the report which surfaced in March 2024, TRAI has reportedly released the list of customers joining Jio, Vi, Airtel and BSNL- leaving the companies. …

Jio Financial Services hits ₹2 lakh crore market cap, a 1st: What's happening
10 months, 2 weeks ago

Jio Financial Services hits ₹2 lakh crore market cap, a 1st: What's happening

Hindustan Times  

Jio Financial Services share: In a first, Jio Financial Services Ltd's market capitalisation exceeded ₹2 lakh crore driven by a 35 per cent surge in its share price this year while Reliance Industries hit a record high today. Reliance Industries is leading the list with a market cap of ₹20.05 lakh crore, followed by Tata Consultancy Services ₹14.78 lakh crore …

DC Edit | Will festivals, elections lead to India's dream growth run?
1 year, 4 months ago

DC Edit | Will festivals, elections lead to India's dream growth run?

Deccan Chronicle  

Once in every generation – which is roughly 30 or 40 years – the world finds itself on the cusp of a major change – spreading across domains of technology, geopolitics, as well as economics. In the last eight months, foreign investors pumped in $16.5 billion in the Indian stock markets – the largest such investment in Asian equities. In …

RJio spin-off or IPO expected within five years: Jefferies
1 year, 4 months ago

RJio spin-off or IPO expected within five years: Jefferies

Live Mint  

New Delhi: Brokerage house Jefferies expects Reliance Jio to be spun off or listed within the next four to five years, on the lines of Reliance Retail, even as the group creates a new energy business and repositions the telecom subsidiary as a technology company. Chairman will create the new energy business, and we expect him to likely spin off/IPO …

Reliance AGM 2023: From financial performance to AI revolution, read full speech
1 year, 4 months ago

Reliance AGM 2023: From financial performance to AI revolution, read full speech

Live Mint  

Reliance AGM 2023: Reliance Industries Limited Chairman Mukesh Ambani on Monday addressed the 46th Annual General Meeting of the company. The inaugural Jio True5G Lab will be located at the Reliance Corporate Park, acting as the nerve centre for shaping India’s 5G future. That’s why I am so proud of our forthcoming joint venture in India with Jio Financial Services, …

Reliance Jio witnesses a remarkable growth with 90 lakh net subscriber additions in Q1 2023
1 year, 5 months ago

Reliance Jio witnesses a remarkable growth with 90 lakh net subscriber additions in Q1 2023

India TV News  

Jio Platforms has recorded a significant 12.5% year-over-year increase in net profit and reached up to Rs. During the reported quarter, Jio Platforms witnessed a net addition of over 90 lakh subscribers, with total data traffic soaring over 28% YoY to 33.2 billion gigabytes. Jio Platforms, which includes telecom arm Reliance Jio Infocomm and various startups, has seen significant progress …

India is making its mark in the world
1 year, 7 months ago

India is making its mark in the world

Hindustan Times  

India is in a rare moment of equilibrium. India’s economy is no longer at the receiving end of the global order but is in the fray of the world’s most powerful future economies, with an unmatched growth rate. The International Monetary Fund says India and China will account for 50% of the total world gross domestic product growth in 2023, …

Facebook ties up with Indian firm to provide SMB loans up to ₹50 lakh
3 years, 4 months ago

Facebook ties up with Indian firm to provide SMB loans up to ₹50 lakh

Live Mint  

New Delhi: Facebook is partnering with an Indian online lending firm to help provide loans to small domestic businesses, its country head said on Friday, as part of a push to bring more businesses to advertise on its platform. The social media giant is joining hands with Indifi to help provide loans ranging from Ra 50,00,00 to ₹50, 00,000 at …

Reliance Jio And Sundar Pichai’s Google Work Together On The Same Mission: Technology For The Masses
3 years, 6 months ago

Reliance Jio And Sundar Pichai’s Google Work Together On The Same Mission: Technology For The Masses

News 18  

Reliance Jio and Google have further strengthened their partnership with a bunch of initiatives announced at the 44th Annual General Meeting of Reliance Industries Ltd. This year, the two companies are working together for the super affordable JioPhone Next 4G smartphone and the 5G partnership between Jio and Google Cloud. At the remarks delivered during the RIL AGM, Google and …

Jio Platforms, Byju's in Time Magazine's First-ever List of 100 Most Influential Firms
3 years, 8 months ago

Jio Platforms, Byju's in Time Magazine's First-ever List of 100 Most Influential Firms

News 18  

Two Indian firms, Reliance Industries’ technology arm Jio Platforms and e-learning startup Byju’s have figured in the Time Magazine’s first-ever list of 100 most influential companies. “Now leading investors are turning to Jio Platforms — the holding company for Reliance’s digital businesses — to reach its more than 410 million subscribers,” it said. As users of his company’s signature app …

Doubling down on a resilient India
3 years, 9 months ago

Doubling down on a resilient India

The Hindu  

Asia watchers observing China are, above all, missing the real economic shift at play — that this is India’s economic decade. As a result, even as India experienced one of the world’s sharpest economic contractions, it also saw the fastest growth in Foreign Direct Investment inflows among all the major economies last year. India’s $60 billion-plus tally for new annual …

Indian billionaire Mukesh Ambani may hold the winning ticket in tech and Silicon Valley knows it
3 years, 11 months ago

Indian billionaire Mukesh Ambani may hold the winning ticket in tech and Silicon Valley knows it

CNN  

Mukesh Ambani has spent years trying to turn hisinherited oil businessinto a tech empire. He’s doing that with JioMart, an initiative announced in 2019 to bring online thousands of India’s mom-and-pop stores known as “kiranas.” And Reliance Retail recently acquired one of its biggest Indian rivals, Future Retail, for $3.3 billion — a deal that has kicked off a protracted …

Partnership with Jio to help support millions of SMBs: Zuckerberg
4 years ago

Partnership with Jio to help support millions of SMBs: Zuckerberg

India TV News  

Facebook CEO Mark Zuckerberg on Tuesday said its partnership with Jio Platforms will help support millions of small businesses in India. "With more than 60 million small businesses and millions of people around the country relying on them for jobs -- these small businesses form a big part of what our partnership with Jio can serve here," he said. "One …

Facebook Fuel For India 2020: Facebook Outlines 2021 Vision With Focus On Small Businesses And UPI
4 years ago

Facebook Fuel For India 2020: Facebook Outlines 2021 Vision With Focus On Small Businesses And UPI

News 18  

Social media giant Facebook has renewed its India focus at the first edition of the Facebook Fuel For India 2020 summit. Facebook has said that the focus areas for 2021 include the focus on small business to help drive the economic recovery in the post COVID era as well as participation in the government’s efforts to push for financial inclusion …

Mukesh Ambani And Mark Zuckerberg In Conversation at Facebook Fuel For India 2020: Key Takeaways
4 years ago

Mukesh Ambani And Mark Zuckerberg In Conversation at Facebook Fuel For India 2020: Key Takeaways

News 18  

Two of the biggest names in the world of business. The two business leaders spoke about the importance of digital connectivity as a means to empower the masses, how small businesses get a much-needed push with the correct technology and tools in place, Jio’s partnership with Facebook as well as India’s Digital India mission and the entrepreneurial journey. Ambani said …

Facebook-Jio to Boost Indian Economy: Ambani Chats With Zuckerberg
4 years ago

Facebook-Jio to Boost Indian Economy: Ambani Chats With Zuckerberg

The Quint  

RIL Chairman said that all the digitisation steps that India has taken will democratise wealth and value creation for individuals and small businesses. Jio Mart, which is our retail service, has the aspiration of serving tens of millions of small shopkeepers in India, who are the bedrock of employment.” “So, what does this mean? This means Jio brings digital connectivity, …

Facebook-Jio partnership will help in getting small businesses digitised, says Zuckerberg
4 years ago

Facebook-Jio partnership will help in getting small businesses digitised, says Zuckerberg

India Today  

Facebook Fuel for India, a two-day virtual event started on Tuesday. It further noted that it reached out to 9 million small businesses across India with a local SMB Guide available in both Hindi and English. So, decisions that are made here shape the global discussion about how technology can drive more economic opportunity and better outcomes for people.” In …

Mukesh Ambani Presents Four Ideas of Digital Transformation at India Mobile Congress 2020
4 years, 1 month ago

Mukesh Ambani Presents Four Ideas of Digital Transformation at India Mobile Congress 2020

News 18  

India stands at the forefront of its digital revolution, and is poised to lead the world in the latest wave of digital industrial revolution, said Mukesh Ambani, chairman and managing director of Reliance Industries Limited, addressing Prime Minister Narendra Modi, union telecom minister Ravi Shankar Prasad and other dignitaries at the opening keynote of the India Mobile Congress 2020. Urgent …

Google-Jio deal: CCI clears Google picking up 7.73% stake in Jio Platforms for ₹33,737 cr
4 years, 1 month ago

Google-Jio deal: CCI clears Google picking up 7.73% stake in Jio Platforms for ₹33,737 cr

Live Mint  

The Competition Commission of India has said that it has approved Google picking up 7.73% stake in Mueskh Ambani-led Jio Platforms for ₹33,737 crore, facilitating the internet major and Jio Platforms Ltd to develop and launch Android smartphones in India. Taking to Twitter, the watchdog wrote, "Commission approves acquisition of 7.73% equity share capital of Jio Platforms by Google." 14th …

Reliance Jio and more businesses will launch more apps, digital platforms in 2021
4 years, 2 months ago

Reliance Jio and more businesses will launch more apps, digital platforms in 2021

India TV News  

Businesses will further accelerate the pace of their digital activities in 2021 by creating new-age apps and platforms and the world will see this battle ratcheting up in intensity in India led by Reliance Jio Platforms, a new report has said. However, we will see this battle ratcheting up in intensity, especially in India," said Ashutosh Sharma, VP, Research Director. …

Zuckerberg says Facebook-Jio deal will bring millions of small businesses to WhatsApp
4 years, 5 months ago

Zuckerberg says Facebook-Jio deal will bring millions of small businesses to WhatsApp

India TV News  

Facebook CEO Mark Zuckerberg has said his company's deal with Reliance Jio will bring millions of small businesses on WhatsApp to do commerce. In a statement, Facebook CEO Mark Zuckerberg said, "A big part of the partnership that we have with Jio will be to wire up and get thousands of small businesses across India on-boarded onto WhatsApp, to do …

FB, Google bet on Jio pact to tap into opportunities in India; plan to take solutions global
4 years, 5 months ago

FB, Google bet on Jio pact to tap into opportunities in India; plan to take solutions global

India TV News  

Tech giants Facebook and Google - which have invested in Mukesh Ambani's Jio Platforms - are keen on leveraging the partnership to cash in on the fast growing business opportunity in India and expand the learnings to other countries as well. Referring to the investment in Jio Platforms, Facebook CEO Mark Zuckerberg said the partnership "will be to wire up …

Mark Zuckerberg believes WhatsApp Pay to empower millions in India with Jio's help
4 years, 5 months ago

Mark Zuckerberg believes WhatsApp Pay to empower millions in India with Jio's help

India TV News  

Reiterating his commitment to launch WhatsApp Pay for over 400 million users of the messaging platform in India, Facebook CEO Mark Zuckerberg said that the Reliance Jio partnership is a huge opportunity to enable small businesses and individuals in the country to buy and sell things through WhatsApp. A big part of the partnership that we have with Jio will …

Why Silicon Valley’s biggest companies are investing billions in India
4 years, 5 months ago

Why Silicon Valley’s biggest companies are investing billions in India

CNN  

San Francisco CNN Business — Since the start of 2020, the biggest names in US tech have invested around $17 billion in India. And though India’s tech relationship with China still runs deep — Chinese smartphones dominate the Indian market, and most of India’s biggest startups have sizable Chinese investment — the recent tensions could strengthen India’s longstanding tech ties …

After $20 billion Jio frenzy, Mukesh Ambani seeks money for retail
4 years, 5 months ago

After $20 billion Jio frenzy, Mukesh Ambani seeks money for retail

Live Mint  

After raising more than $20 billion for his digital venture in three months, billionaire Mukesh Ambani is readying his retail unit for global partners, as his oil-to-petrochemicals conglomerate turns to India’s billion-plus consumers for growth. Asia’s richest man and the chairman of Reliance Industries Ltd. told shareholders Wednesday that Reliance Retail Ltd. is getting inquiries from investors and may start …

Jio Platforms raises $4.5 billion from Google
4 years, 5 months ago

Jio Platforms raises $4.5 billion from Google

Live Mint  

Alphabet Inc.’s Google will invest $4.5 billion in Reliance Industries Ltd’s digital unit, joining a list of global backers, including Facebook, seeking to exploit India’s vast and fast-growing market of internet users. The deal will give Google a 7.73% stake in RIL’s Jio Platforms at a valuation of ₹4.43 trillion, marking the US technology giant’s biggest-ever investment in an Indian …

With Jio, Google and Facebook, Mukesh Ambani plots a tech future
4 years, 5 months ago

With Jio, Google and Facebook, Mukesh Ambani plots a tech future

Live Mint  

After securing more than $20 billion in investment from the likes of Google and Facebook Inc., Indian billionaire Mukesh Ambani laid out a vision for his digital venture as he seeks to build a homegrown technology titan that could rival global giants. Outlining plans for Jio Platforms Ltd. at the annual shareholders meeting of his conglomerate Reliance Industries Ltd. on …

Google to invest USD 4.5 billion in Reliance Jio, for a 7.7% stake
4 years, 5 months ago

Google to invest USD 4.5 billion in Reliance Jio, for a 7.7% stake

Op India  

Google’s parent company Alphabet Inc has become the latest high-profile organisation to invest in India’s telecom giant Reliance Jio Platforms. Mukesh Ambani, the Chairman of Reliance India chairman on Wednesday confirmed that Google will invest over Rs 33,737, or USD 4.5 billion for a 7.7 per cent stake in Jio Platforms taking the string of investments well over Rs 1,52,000 …

Jio Platforms Key Announcements: Google-Jio's Affordable Smartphone, Jio 5G India's 1st 5G Network and More
4 years, 5 months ago

Jio Platforms Key Announcements: Google-Jio's Affordable Smartphone, Jio 5G India's 1st 5G Network and More

News 18  

Reliance Industries Limited is set to host its first ever virtual Annual General Meeting, in light of the Covid-19 pandemic. At RIL AGM 2020, Mukesh Ambani, chairman and managing director of RIL, is set to make key announcements that highlight the performance of the overall RIL family over the past one year, which has been a topsy-turvy year for all …

Qualcomm is the latest US tech name to back India’s Jio Platforms
4 years, 5 months ago

Qualcomm is the latest US tech name to back India’s Jio Platforms

CNN  

Hong Kong CNN Business — India’s richest man isn’t done with his fundraising spree just yet. Jio Platforms, the tech firm owned by billionaire Mukesh Ambani, has won another investment, this time from US chipmaker Qualcomm. The two companies announced Sunday that Qualcomm’s investment arm would pump up to 7.3 billion Indian rupees into Jio, in exchange for an equity …

Proposed Jio-Microsoft JV To Herald A New Age In India's Digital Transformation & Global Leadership
4 years, 6 months ago

Proposed Jio-Microsoft JV To Herald A New Age In India's Digital Transformation & Global Leadership

Live Law  

Reports indicate Microsoft, currently led by India-born CEO Satya Nadella, and Jio Platforms, Reliance India Limited's technology platform lead by Mukesh Ambani are in advanced talks for a deal that could not only be bigger than the recent Jio-Facebook deal but also transform the technology landscape in India. Although there is no clear statement from either company that the deal …

Intel-Reliance Jio Deal: US semiconductor giant invests Rs 1,894.5 crore in Jio Platforms for 0.39% stake
4 years, 6 months ago

Intel-Reliance Jio Deal: US semiconductor giant invests Rs 1,894.5 crore in Jio Platforms for 0.39% stake

India TV News  

Mukesh Ambani-led Reliance Industries on Friday announced that American multinational company Intel will invest Rs 1894.50 crore in Jio Platforms, making it the twelfth high-profile investment in the digital arm of RIL within eleven weeks. The Intel deal values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. With …

Mukesh Ambani, Asia’s wealthiest man, is now among the world’s ten richest people
4 years, 6 months ago

Mukesh Ambani, Asia’s wealthiest man, is now among the world’s ten richest people

CNN  

New York CNN Business — Asia’s richest man, Mukesh Ambani, is now among the world’s top 10 wealthiest people. Under Ambani’s leadership, Reliance has grown from an oil and energy company into a sprawling conglomerate that includes retail shops, a mobile and broadband carrier, digital platforms and more. This new milestone comes shortly after Ambani amassed more than $16.5 billion …

Reliance CEO gets $1.5 billion from Saudi Arabia for his Jio war chest
4 years, 6 months ago

Reliance CEO gets $1.5 billion from Saudi Arabia for his Jio war chest

CNN  

San Francisco CNN Business — In less than two months, Indian billionaire Mukesh Ambani has amassed more than $15 billion in investments to fuel his technology ambitions fromthe likes of Facebook and top Silicon Valley investors Silver Lake and TPG. The kingdom’s sovereign wealth fund, the Public Investment Fund, will pay $1.5 billion for a 2.3% stake in Jio Platforms, …

Facebook-Jio deal under competition panel’s review to prevent data misuse
4 years, 6 months ago

Facebook-Jio deal under competition panel’s review to prevent data misuse

Live Mint  

India’s antitrust watchdog is reviewing Facebook Inc.’s purchase of a 10% stake in Reliance Industries Ltd.’s digital assets, a deal that would give the US giant another foothold in one of the world’s fastest growing internet markets. Peculiarities such as “strong network effects, high returns to scale and access to a huge amount of data” may incentivize digital firms to …

Reliance Industries shares hit record high after another Jio deal
4 years, 7 months ago

Reliance Industries shares hit record high after another Jio deal

Deccan Chronicle  

New Delhi: Shares of Reliance Industries on Friday gained over 2 per cent to hit their one-year high level after the company announced sale of 1.85 per cent stake in its digital unit, Jio Platforms, to Abu Dhabi-based sovereign investor Mubadala. Earlier in the day, Reliance Industries announced the sale of 1.85 per cent stake in its digital unit to …

Reliance CEO Mukesh Ambani is trying to build the next global technology giant
4 years, 7 months ago

Reliance CEO Mukesh Ambani is trying to build the next global technology giant

CNN  

Hong Kong CNN Business — Mukesh Ambani wants to build the next global technology company. Jio Platforms already has an ecosystem of apps —which feature everything from online grocery shopping to video streaming — that it serves to the 388 million peoplesubscribed through the Reliance Jio mobile network in India. The “ultimate goal,” according toCounterpoint Research analystTarun Pathak, is to …

Jio Platforms strikes third unit stake deal; raises $8 billion in two weeks post-Facebook, Silver Lake, Vista investment
4 years, 8 months ago

Jio Platforms strikes third unit stake deal; raises $8 billion in two weeks post-Facebook, Silver Lake, Vista investment

Firstpost  

Unlike traditional mobile carriers which depend on voice services to make money, Ambani has pitched Jio as a trailblazer tech company by offering cheap mobile data plans that helped hundreds of millions of Indians use the internet for the first time New Delhi: Reliance Industries Ltd on Friday announced a $1.5 billion stake sale in digital unit Jio Platforms, a …

India’s Jio Platforms lands $1.5 billion from Vista Equity, marking 3 big investments in 3 weeks
4 years, 8 months ago

India’s Jio Platforms lands $1.5 billion from Vista Equity, marking 3 big investments in 3 weeks

CNN  

Hong Kong CNN Business — Another week brings another massive injection of cash for India’s biggest tech and telecom firm. US investment firm Vista Equity is pumping nearly 114 billion rupees into Jio Platforms, the digital technology arm of Indian billionaire Mukesh Ambani’s sprawling conglomerate Reliance Industries. Facebook invested $5.7 billion in Jio Platforms in late April and private equity …

Silver Lake invests ₹5,656 cr. in Jio
4 years, 8 months ago

Silver Lake invests ₹5,656 cr. in Jio

The Hindu  

U.S. private equity firm Silver Lake has agreed to invest ₹5,655.75 crore in Jio Platforms Ltd., representing a 12.5% premium to the equity valuation of the Facebook investment announced on April 22, 2020. We are excited to leverage insights from their global technology relationships for the Indian digital society’s transformation.” With approximately $40 billion in combined assets under management Silver …

Reliance Jio-Silver Lake Rs 5,656 cr deal: Investment values Jio Platforms at enterprise value of Rs 5.15 lakh cr; other key highlights
4 years, 8 months ago

Reliance Jio-Silver Lake Rs 5,656 cr deal: Investment values Jio Platforms at enterprise value of Rs 5.15 lakh cr; other key highlights

Firstpost  

Silver Lake - one of the world’s largest tech investors - on Monday agreed to invest Rs 5,655.75 crore to buy a 1.15 percent stake in billionaire Mukesh Ambani’s digital unit that houses India’s youngest but biggest telecom firm Silver Lake - one of the world’s largest tech investors - on Monday agreed to invest Rs 5,655.75 crore to buy …

Reliance Jio lands cash infusion from US private equity firm Silver Lake
4 years, 8 months ago

Reliance Jio lands cash infusion from US private equity firm Silver Lake

CNN  

Hong Kong CNN Business — India’s biggest tech and telecom firm just got a big cash injection from Silver Lake, the US private equity firm with a winning track record of placing big bets on promising tech giants. Silver Lake is pumping 56.6 billion rupees into Jio Platforms, the digital technology arm of Indian billionaire Mukesh Ambani’s sprawling conglomerate Reliance …

Jio-Facebook agreement vindicates Indian way of doing business: By responding to needs of bottom of the pyramid
4 years, 8 months ago

Jio-Facebook agreement vindicates Indian way of doing business: By responding to needs of bottom of the pyramid

Firstpost  

What is the Jio-Facebook deal all about? Putting it simply, it is about one of the most successful Silicon Valley enterprises investing in India’s large, rapidly growing and attractive digital market It has often been argued that the biggest impediment to India emerging as the favoured foreign investment destination is the unreasoned and unreasonable objections raised by naysayers who conjure …

Facebook aims to extend products, tech built with Jio to other markets
4 years, 8 months ago

Facebook aims to extend products, tech built with Jio to other markets

India TV News  

Facebook's mega Rs 43,574-crore pact with Reliance Jio will help the social media giant build products and technology that can be extended to other parts of the world, its Chief Executive Officer Mark Zuckerberg said. He also said the social media giant aims to create a "much better shopping and commerce experience" in India working with JioMart by leveraging WhatsApp's …

Mark Zuckerberg aims to set foot in e-commerce with Jio deal
4 years, 8 months ago

Mark Zuckerberg aims to set foot in e-commerce with Jio deal

India TV News  

Facebook's over Rs 43,000 crore investment in Jio Platforms will help the social networking giant build similar products for the other key markets around the world, according to CEO Mark Zuckerberg. JioMart vision is there are millions of small businesses and shops across India and they want to try to help get them on to a single network that you'll …

Facebook and Reliance Jio's partnership will benefit micro, small and medium businesses, farmers and small merchants: BFI
4 years, 8 months ago

Facebook and Reliance Jio's partnership will benefit micro, small and medium businesses, farmers and small merchants: BFI

Firstpost  

BFI says this deal will not only be leverage for JioMart and WhatsApp, but will also help new businesses. Now, the Broadband Forum India has also released a note saying that besides benefiting the digital services sector, the Jio-Facebook partnership will especially benefit “over 50 million micro, small and medium businesses, over 100 million farmers, about 30 million small merchants …

Joining of giants: The Hindu Editorial on Facebook-Jio deal
4 years, 8 months ago

Joining of giants: The Hindu Editorial on Facebook-Jio deal

The Hindu  

Facebook’s decision to invest ₹43,574 crore for a 9.9% stake in Reliance Industries Ltd.’s Jio Platforms marks a rare coming together of two giants who have a reputation for market domination. For Facebook’s WhatsApp messaging service, India is the biggest market with over 400 million users. While its social media services and messaging services have been extremely popular in India, …

Industry leaders applaud Facebook-Jio deal; say India to be growth epicentre post-COVID crisis
4 years, 8 months ago

Industry leaders applaud Facebook-Jio deal; say India to be growth epicentre post-COVID crisis

Firstpost  

New Delhi: Facebook’s Rs 43,574 crore-investment in Jio Platforms earned accolades from industry leaders on Wednesday, even as some internet activists raised privacy concerns. Mahindra Group Chairman Anand Mahindra said the investment is a strong signal of India’s economic importance and further projects the country as the centre for new growth post the coronavirus crisis. The investment values Jio Platforms …

Facebook deal to help Reliance monetise platforms, deleverage: Fitch
4 years, 8 months ago

Facebook deal to help Reliance monetise platforms, deleverage: Fitch

India TV News  

Facebook Inc's USD 5.7 billion investment in Jio Platforms, subsidiary of Reliance Industries Ltd, will help to monetise the digital platforms of both companies and aid in deleveraging of RIL's balance sheet, Fitch Ratings said on Thursday. Reliance Jio, the wireless market leader with around 390 million subscribers, is a subsidiary of Jio Platforms.At the same time, Reliance Retail, RIL's …

Discover Related