Reliance AGM: Silicon Valley gave Mukesh Ambani billions, but things aren’t all going to plan
3 years, 6 months ago

Reliance AGM: Silicon Valley gave Mukesh Ambani billions, but things aren’t all going to plan

CNN  

San Francisco CNN Business — Last year, Google and Facebook collectively bet more than $10 billion on Asia’s richest man and his plan to bring hundreds of millions of Indians online. The investments quickly established Mukesh Ambani, the billionaire head of sprawling Indian conglomerate Reliance, as a gatekeeper for Silicon Valley in the country — but also raised the stakes for him to deliver the companies a footing in the world’s fastest growing internet market. Ambani plans to use Facebook’s messaging service, WhatsApp, to connect millions of small businesses in India to his e-commerce initiative, JioMart. But as India continues to struggle with the impact of the coronavirus pandemic, including an economic slump, Jio’s plans may be facing more headwinds than its politically connected billionaire owner is used to.

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Reliance AGM 2024: Reliance to build Gigawatt-scale, AI-ready data centres in Jamnagar, says Mukesh Ambani
3 months, 3 weeks ago

Reliance AGM 2024: Reliance to build Gigawatt-scale, AI-ready data centres in Jamnagar, says Mukesh Ambani

India TV News  

Reliance AGM 2024: Reliance chairman Ambani on Thursday made a big announcement and said the Reliance will be building Gigawatt-scale, AI-ready data centres in Gujarat’s Jamnagar. We plan to establish gigawatt-scale AI-ready data centres in Jamnagar, powered entirely by Reliance’s green energy, reflecting our commitment to sustainability and a greener future.” He stated that the prime goal is to create …

Mukesh Ambani's JioMart to enter quick commerce space in June? What we know
6 months, 3 weeks ago

Mukesh Ambani's JioMart to enter quick commerce space in June? What we know

Hindustan Times  

Mukesh Ambani's Reliance Industries may enter the quick commerce space as early as next month, it was reported. Reliance Retail's JioMart could launch the service soon to take on Zomato's Blinkit, Tata Group's BigBasket, Swiggy's Instamart and Zepto, Times of India reported citing people in the know. JioMart will not adopt a dark store model for its quick commerce operations …

Battle of billionaires: Elon Musk’s Starlink eyes India, Mukesh Ambani resists
1 year, 6 months ago

Battle of billionaires: Elon Musk’s Starlink eyes India, Mukesh Ambani resists

Live Mint  

Elon Musk is eager to bring his Starlink satellite broadband to India, but the world's richest man faces strong resistance from Mukesh Ambani, Asia's wealthiest, who runs Indian telecom giant Reliance Jio. In signs of deepening rivalry, an industry source with direct knowledge said Reliance will continue nudging the Indian government to auction satellite spectrum, and not agree to the …

JioMart sees jump in orders via WhatsApp
1 year, 11 months ago

JioMart sees jump in orders via WhatsApp

Live Mint  

NEW DELHI: JioMart the online commerce play of Reliance Retail registered a jump in quarterly orders via WhatsApp apart from an uptick in active customer base, top executives at the company said. So, this platform is helping us really democratize WhatsApp reach to and the new customers who are otherwise not being able to shop on digital platform,” Gaurav Jain, …

IRCTC Partners With Reliance To Enable WhatsApp Food Delivery on Trains
2 years, 3 months ago

IRCTC Partners With Reliance To Enable WhatsApp Food Delivery on Trains

The Quint  

Reliance, in its annual general meeting on on Monday, 29 August, annouced its partnership with tech giant Meta to launch JioMart on Whatsapp, which will allow users to buy groceries via the messaging app. This is our first-ever end-to-end shopping experience on WhatsApp, people can now buy groceries from JioMart right in a chat." "The JioMart on WhatsApp experience will …

Mukesh Ambani prepares to hand a $220 billion empire to his children
2 years, 3 months ago

Mukesh Ambani prepares to hand a $220 billion empire to his children

CNN  

New Delhi CNN Business — Indian billionaire Mukesh Ambani has laid out plans to hand his sprawling business empire to his children, while insisting he has no intention of retiring any time soon. Ambani, 65, set out his succession plan on Monday, telling shareholders in his Reliance Industries conglomerate that his three children are “first among equals” and are being …

Jio to launch 5G by Diwali, aims to cover entire country by 2023, Mukesh Ambani tells shareholders
2 years, 3 months ago

Jio to launch 5G by Diwali, aims to cover entire country by 2023, Mukesh Ambani tells shareholders

Firstpost  

Reliance Industries Chairman and Managing Director, Mukesh Ambani, virtually addressed the shareholders at the 45th annual general meeting on Monday afternoon in the immersive and interactive 3D world of metaverse Reliance Industries broadcasted its annual shareholder meeting simultaneously on a virtual reality platform as well as on five social media platforms. “Jio’s pan-India fibre-optic network is over 11 lakh km …

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 …

Jio’s new budget phone won’t be a game-changer in the short-term, report says
3 years, 5 months ago

Jio’s new budget phone won’t be a game-changer in the short-term, report says

The Hindu  

Reliance Jio’s new budget smartphone will not be a game-changer in the short term, and telecom firm may face major headwinds due to chip supply shortages and rising key component prices, research firm Canalys said in blog. Budget phones that mass market needs have to be well-built and must last at least for four years without any after sales support. …

New Green Energy Plans, JioMart Expansion: Reliance Shares a Glimpse of Future Roadmap
3 years, 5 months ago

New Green Energy Plans, JioMart Expansion: Reliance Shares a Glimpse of Future Roadmap

News 18  

Reliance Industries chairman Mukesh Ambani virtually addressed the 44th annual general meeting on June 24 amid the second wave of coronavirus pandemic. While addressing the AGM, Reliance chairman stressed, “Despite several challenges due to COVID-19, we have made substantial progress in the past year in our discussions.” The partnership between Reliance Industries and Saudi Aramco will be cemented in FY22 …

JioPhone Next Super Affordable 4G Phone Is A Trump Card For Jio’s Push Beyond 400 Million Users
3 years, 6 months ago

JioPhone Next Super Affordable 4G Phone Is A Trump Card For Jio’s Push Beyond 400 Million Users

News 18  

It was perhaps anticipated. The JioPhone Next was announced by Mukesh Ambani, chairman and managing director of Reliance Industries Ltd., at the company’s 44th Annual General Meeting. We do not know the pricing just yet, but Reliance Jio has confirmed that the JioPhone Next will be amongst the most affordable smartphones not just in India, but globally. JioPhone Next users …

Reliance Jio And Google Announce 5G Partnership And The Focus Is Also On Cloud
3 years, 6 months ago

Reliance Jio And Google Announce 5G Partnership And The Focus Is Also On Cloud

News 18  

Reliance Jio will use Google Cloud to power Jio 5G solutions and its miscellaneous internal services such as JioSaavn, JioMart, and more, the company chairman Mukesh Ambani announced earlier today at the 44th Annual General Meeting. Speaking more over the development, Alphabet and Google CEO Sundar Pichai addressed the Reliance AGM and announced that collaboration would also help the Mukesh …

Mukesh Ambani unveils JioPhone Next 'most affordable smartphone' in the world
3 years, 6 months ago

Mukesh Ambani unveils JioPhone Next 'most affordable smartphone' in the world

Live Mint  

Reliance Jio has launched the new JioPhone Next in India. JioPhone Next is a smartphone that will support the entire suite of apps from Google and Jio as well as the Android Play Store. During the AGM, Google CEO, Sundar Pichai said, "I'm excited that today, we can announce the next steps in this vision: Starting with a new, affordable, …

RIL AGM: ’Jio is not just working to make India 2G-mukt, but also 5G-yukt’, says Mukesh Ambani
3 years, 6 months ago

RIL AGM: ’Jio is not just working to make India 2G-mukt, but also 5G-yukt’, says Mukesh Ambani

Live Mint  

Reliance Industries' Chairman Mukesh Ambani made major announcements at the company's 44th Annual General Meeting today. I am confident that Reliance Retail is on a hyper growth trajectory to grow at least 3x in the next 3-5 years: Mukesh Ambani -Talking about Reliance Retail, Ambani says that the company added 1,500 new stores, which is amongst the largest retail expansion …

RIL AGM 2020 Revisited: Reliance Jio Made In India 5G Push And Affordable 5G Phone With Google
3 years, 6 months ago

RIL AGM 2020 Revisited: Reliance Jio Made In India 5G Push And Affordable 5G Phone With Google

News 18  

As we fast approach the 44th annual general meeting of Reliance Industries on June 24, there may be a lot at stake on many fronts, as the push for setting the benchmarks is well and truly under way. These would include the made in India push for 5G mobile networks and the investment by Google which also has Reliance Jio …

JioPhone 2021 Offer With Unlimited Voice Calling, Internet Announced to Boost 2G-Mukt Bharat Mission
3 years, 9 months ago

JioPhone 2021 Offer With Unlimited Voice Calling, Internet Announced to Boost 2G-Mukt Bharat Mission

News 18  

Reliance Jio has announced offers for new and existing JioPhone users to accelerate its?2G-mukt Bharat? As a part of the new JioPhone 2021 plan, JioPhone users in India can enjoy unlimited voice calling and 2GB high-speed internet data for up to two years at affordable prices. Reliance also notes that the unlimited voice calling benefit that comes bundled with several …

Reliance plans to integrate JioMart in WhatsApp within 6 months
3 years, 11 months ago

Reliance plans to integrate JioMart in WhatsApp within 6 months

India Today  

Mukesh Ambani-led firm Reliance aims to integrate JioMart in WhatsApp within 6 months. The move will allow the 400 million users of India’s most popular messaging service order products without having to leave the app, two officials aware of the development told Mint. Ambani had then said that JioMart and Whatsapp would empower nearly 3 crore small Indian Kirana shops …

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 …

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 …

Reliance Jio will roll out 5G services in India in 2021, confirms Mukesh Ambani
4 years ago

Reliance Jio will roll out 5G services in India in 2021, confirms Mukesh Ambani

Firstpost  

Earlier this year, Qualcomm and Reliance Jio Platforms announced that they are working together to develop indigenous 5G solutions and network infrastructure for India. Reliance Jio has plans to launch 5G services in the second half of 2021, Reliance Industries Chairman Mukesh Ambani confirmed on Tuesday. For the uninitiated, Qualcomm and Reliance Jio Platforms have announced that they are working …

Reliance shares gain nearly 2% as Mukesh Ambani hints rolling out 5G services
4 years ago

Reliance shares gain nearly 2% as Mukesh Ambani hints rolling out 5G services

India TV News  

Shares of Reliance Industries Limited on Tuesday rose nearly 2 per cent after Mukesh Ambani hinted at rolling out 5G telecom services in the second half of 2021. Billionaire Mukesh Ambani on Tuesday hinted at rolling out 5G telecom services in the second half of 2021 and said policy steps are needed to accelerate the early rollout of ultra-high-speed 5G …

Jio 5G to Launch in India by Late 2021: Mukesh Ambani at India Mobile Congress 2020
4 years ago

Jio 5G to Launch in India by Late 2021: Mukesh Ambani at India Mobile Congress 2020

News 18  

Jio 5G will launch in India in the second half of 2021, said Reliance Industrial chairman and managing director, Mukesh Ambani, at his keynote during the inauguration of India Mobile Congress 2020. During the keynote, Ambani introduced to Prime Minister Narendra Modi his “four ideas” that can help in India’s digital transformation, and at the centre of this was the …

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

Jeff Bezos vs Mukesh Ambani: A fight for retail dominance in India
4 years, 1 month ago

Jeff Bezos vs Mukesh Ambani: A fight for retail dominance in India

India Today  

The recent legal dispute over the Future deal seems to be setting the stage for a major fight between two of the richest men in the world for retail dominance in India. Earlier this year, Mukesh Ambani-owned Reliance Industries Limited announced that it had signed a deal with Kishore Biyani’s Future Group to acquire assets in its retail business for …

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. …

Reliance Jio working on smartphones for Rs. 4,000 by 2020
4 years, 3 months ago

Reliance Jio working on smartphones for Rs. 4,000 by 2020

India TV News  

Reliance Jio is expected to launch its first-ever smartphone in the affordable price segment for a while now. 4,000 It is suggested that Jio is aiming to manufacture 200 million smartphones by 2022, suggesting that it will launch its first smartphone in about two years. The aim to make 200 million smartphones instead of 100 million will also help boost …

Beware of Fake JioMart Websites: Reliance Retail Cautions Customers
4 years, 3 months ago

Beware of Fake JioMart Websites: Reliance Retail Cautions Customers

News 18  

Reliance announced its very own e-commerce platform back in April called JioMart, in an attempt to bring local vendors, independent hawkers and small kirana stores online. In a public service announcement, Reliance Retail is now cautioning the public against certain individuals that are duping customers by running fake JioMart websites and offering franchisee of the JioMart services. In a caution …

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

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 …

RIL builds indigenous 5G tech, says ready to take on world
4 years, 5 months ago

RIL builds indigenous 5G tech, says ready to take on world

Live Mint  

Reliance Industries Ltd chairman Mukesh Ambani announced the development of a made-in-India 5G technology solution that he envisions will be the cornerstone of the company’s strategy to create a connected digital ecosystem, spanning telecom, e-commerce, retail and enterprise solutions in India and outside. “Once Jio’s 5G solution is proven at India-scale, Jio Platforms would be well-positioned to be an exporter …

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 …

RIL AGM 2020: JioMart has been successfully piloted with kirana partners, says Mukesh Ambani
4 years, 5 months ago

RIL AGM 2020: JioMart has been successfully piloted with kirana partners, says Mukesh Ambani

Firstpost  

More than two-thirds of Reliance Retail’s nearly 12,000 stores are operated in Tier II, Tier III and Tier IV towns. Mumbai: Reliance Industries Limited chairman Mukesh Ambani on Wednesday said his group’s retail venture has received strong interest from strategic and financial investors. “We will induct global partners and investors in Reliance Retail in the next few quarters,” he said …

Google, Jio Platforms to jointly develop an entry-level affordable smartphone for India
4 years, 5 months ago

Google, Jio Platforms to jointly develop an entry-level affordable smartphone for India

Firstpost  

Google will make optimisations to the Android operating system and the Play Store for the affordable smartphone. At the Reliance AGM Meeting 2020, RIL chairman Mukesh Ambani announced that Google will be picking up 7.7 percent stake in Jio platforms for Rs 33,737 crore. As part of the investment, Google and Jio Platforms have entered into a commercial agreement to …

RIL AGM: Jio Platforms develops 5G solution, ready to launch once spectrum ready
4 years, 5 months ago

RIL AGM: Jio Platforms develops 5G solution, ready to launch once spectrum ready

Live Mint  

NEW DELHI: Reliance Industries Limited chairman and managing director Mukesh Ambani on Wednesday said its subsidiary Jio Platforms has developed a complete home-grown 5G solution and the company would be able to launch 5G services once the spectrum is available. He said Jio Platforms would connect half a billion users in three years. Ambani’s announcement is significant as it gives …

Reliance AGM highlights: Google investment in Jio, 5G platform part of big-bang announcements
4 years, 5 months ago

Reliance AGM highlights: Google investment in Jio, 5G platform part of big-bang announcements

India Today  

The 43rd Annual General Meeting of Reliance Industries Limited was held today where and the company’s chairman Mukesh Ambani made many announcements related to Reliance’s future roadmap for its retail ventures and Jio Platforms. 3:00 pm: Mukesh Ambani said Reliance Retail is one the first-growing retail chain in the country. 2:48 pm: Mukesh Ambani also strengthened its commitment to making …

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 …

RIL AGM expected to be technology focused after Jio Platforms fundraise
4 years, 5 months ago

RIL AGM expected to be technology focused after Jio Platforms fundraise

Live Mint  

MUMBAI: The 43rd Reliance Industries Ltd Annual General Meeting will be keenly watched by investors for new announcements on the technology front after having raised a mammoth ₹1.18 lakh crore in 12 weeks from global technology giants and investors. Over the past few years, RIL AGMs have been increasingly marked by announcements of the long term telecom-technology vision for the …

Reliance's 43rd AGM today: Where to watch Mukesh Ambani’s speech
4 years, 5 months ago

Reliance's 43rd AGM today: Where to watch Mukesh Ambani’s speech

India TV News  

Reliance Industries, India's most valuable company, will hold its first online AGM today and it promises to be a much bigger affair with a brand-new virtual platform that can log more than 1 lakh shareholders from 500 locations simultaneously. AGM will showcase multiple first on a real-time basis - including a two-way live streaming and a brand-new virtual platform that …

Qualcomm ventures to invest Rs 730 crore in Reliance's Jio Platforms
4 years, 5 months ago

Qualcomm ventures to invest Rs 730 crore in Reliance's Jio Platforms

India Today  

India’s Reliance Industries said on Sunday Qualcomm Inc’s investment arm will buy a 0.15% stake in its digital unit Jio Platforms for 7.3 billion rupees. The partnership will help Jio Platforms, the unit that houses Reliance’s telecoms venture Jio Infocomm, to “roll out advanced 5G infrastructure and services for Indian customers”, Reliance said in a statement. Although Jio Platforms also …

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 …

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