Reliance Jio

Reliance Retail buys 25% stake in Dunzo; invests $200mn delivery startup [details]

The extra funds will be used to extend Dunzo's quick commerce operations from seven to fifteen cities.

12 days ago

Reliance Jio prepaid tariffs hike: Consumers to pay around 20% more [see new plans]

The announcement by Reliance Jio comes few days after Vodafone Idea and Bharti Airtel announced a hike in their respective prepaid tariffs.

Nov 28, 2021

Why Reliance and Aramco call off their whopping $15 billion deal: Explained

RIL and Aramco inked a non-binding letter of intent in August 2019 for the Saudi giant to buy a 20% share in Reliance's Oil to chemical business for $15 billion.

Nov 22, 2021

Centre notifies 100% FDI in telecom sector via automatic route; India Inc welcomes

A four-year moratorium on AGR-related dues given to help cash-strapped telcos more time to strengthen their businesses and pay off their debts

Oct 9, 2021

JioFiber launches postpaid plans requiring no security deposit; Waives off installation charges

JioFiber Postpaid options have been announced by Reliance Jio with no upfront costs. Subscriptions for the plans, which start at Rs 399 per month, will be available starting June 17th.

Jun 16, 2021

'Bad signal' for Vodafone Idea customers as beleaguered firm hikes tariff

Analysts have argued that VI urgently need a tariff hike as the company's finances are not faring well and it may file bankruptcy if such stern measures are not taken.

Dec 2, 2020

RIL Q2 result: Mukesh Ambani loses $5 billion as share tanks more than 8%

RIL's stock has outperformed Sensex with a 29% jump since the beginning of this year but due to crashing oil demand, its revenues fell

Nov 2, 2020

Qualcomm, Reliance Jio light up India's first 5G trials, top 1000 MB speeds

Inching closer to its 5G rollout, India's Reliance Jio, which counts 400 million subscribers on its 4G network in India, achieved a 1000 Mbps throughput milestone for its first round of 5G trials in partnership with US wireless-communication chip giant Qualcomm Inc.

Oct 21, 2020

Backlash over Reliance Jio's decision to charge voice calls

General Atlantic to invest Rs 3,675 cr in Reliance Retail

US-based private equity firm General Atlantic will invest Rs 3,675 crore for a 0.84 per cent stake in Reliance Retail, the Indian firm said on Wednesday.

Sep 30, 2020

Silver Lake to invest Rs 7,500 crore for 1.75% in Reliance Retail

U.S. private equity firm Silver Lake Partners will invest 75 billion rupees ($1.02 billion) in the retail arm of Indian conglomerate Reliance Industries Ltd for a 1.75% stake, Reliance said on Wednesday.

Sep 9, 2020

Reliance-Google smartphone deal in India threatens Chinese firms

A $4.5 billion deal under which Alphabet's Google will collaborate with India's Reliance Industries on a new smartphone likely heralds a big shake-up for the world's second-largest mobile market, industry executives and analysts say.

Jul 20, 2020

Google to invest Rs 33,737 crore for 7.73% stake in Jio Platforms

With Google's investment, strategic and financial investors have committed a total of 1.52 trillion rupees in the last few months, Mukesh Ambani said at the company's annual shareholders meeting hosted via a webcast.

Jul 15, 2020

US 5G giant Qualcomm invests ₹730 crore in Reliance digital unit

India's Reliance Industries on Sunday said Qualcomm Inc's investment arm will buy a 0.15% stake in its digital unit Jio Platforms for 7.3 billion Indian rupees ($97.1 million).

Jul 12, 2020

Zoom vs JioMeet: Indian competition faces new heat with uncanny UI and app resemblance

JioMeet's striking uncanny UI and app resemblance to US-innovation Zoom post its launch was heavily ridiculed, criticized, and brought to notice by the Twitteratis. Will JioMeet face legal action from Zoom for copying its UI and app-design?

Jul 9, 2020

Reliance Industries (RIL) Chairman Mukesh Ambani

Intel to invests Rs 1,894.5 Crore in Reliance Jio, 12th deal in 11 weeks

Reliance Industries Ltd said on Friday that Intel Corp would buy a 0.39% stake in its digital unit, Jio Platforms, for 18.95 billion rupees ($253.55 million).

Jul 3, 2020

How Mukesh Ambani made Reliance Industries debt-free well ahead of its target

In less than 2 months, the company managed to secure investments around 1.6 lakh crore through 11 investors and the Right issue.

Jun 19, 2020

Reliance says Saudi's PIF to invest Rs 11,367 crore in Jio

Saudi Arabia's Public Investment Fund (PIF) will buy a 2.32% stake in Reliance Industries' digital unit Jio Platforms for 113.67 billion rupees ($1.49 billion), the Indian conglomerate said on Thursday, June 18.

Jun 18, 2020

After Mubadala, Reliance says Abu Dhabi Investment Authority invests $752 million in digital unit

Ambani has always pitched Jio as a tech company instead of a traditional mobile carrier, often saying publicly that "data is the new oil".

Jun 8, 2020

Reliance says Silver Lake, co-investors to invest extra Rs 4,546.80 cr for total 2.08% stake

Silver Lake's new investment gives Jio Platforms — which houses Reliance's telecoms arm Jio Infocomm and its music and video streaming apps — an enterprise value of 5.16 trillion rupees, Reliance said in a regulatory filing, and takes Silver Lake's stake to 2.08% from just over 1%.

Jun 6, 2020

After Facebook and Silver Lake, Abu Dhabi-based Mubadala invests Rs 9,093 cr in Jio Platforms

The Abu Dhabi-based sovereign investor, will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

Jun 5, 2020

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