Reliance Seen Emerging as Bigger Threat for US Firms Like Amazon, Walmart

[ad_1] A $20 billion (roughly Rs. 1.50 lakh crores) fund raising spree may take India’s Reliance closer to its dream of becoming a digital giant, further threatening the ambitious plans US companies like Amazon, Walmart, and Zoom have for India. Stake sales in Reliance’s digital unit Jio Platforms attracted not just private equity and sovereign […]

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Jio Glass Mixed Reality Headset With 3D Holographic Video Calling Announced

[ad_1] Jio Glass, a mixed reality headset, was announced at the annual Reliance AGM 2020 on Wednesday. The headset essentially pairs with your phone to let you conduct classes, make video calls, and host meetings in a 3D holographic environment. Jio Platforms’ Tesseract subsidiary has designed the Jio Glass, and it is said to be […]

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Jio Platforms’ 14 Deals Announced Since April 22

[ad_1] Reliance AGM 2020: Mukesh Ambani said RIL has a special place for startups such as Jio Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) on Wednesday announced that Google will buy a 7.7 per cent stake in its digital services unit, Jio Platforms, for Rs 33,737 crore, winning the backing of another US tech giant after […]

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Reliance Jio Partners With Google to Develop Affordable 4G, 5G Smartphones

[ad_1] Reliance Industries Limited (RIL) on Wednesday announced that its telecommunications arm, Jio is partnering with Google to develop an Android-based operating system that will feature in entry-level smartphones. The development was shared by Reliance Industries Chairman, Mukesh Ambani at the 43rd Reliance Industries Annual General Meeting (AGM) that took place online owing to the […]

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“Jio Has Developed 5G Solution From Scratch”: Mukesh Ambani

[ad_1] Mukesh Ambani said that his group’s digital arm Jio is developing a homegrown 5G. Mumbai: Reliance Group Chairman Mukesh Ambani on Wednesday announced that his group’s digital arm Jio has been developing a homegrown 5G telecom solution. “Jio has designed and developed a complete 5G solution from scratch. It will be ready for trials […]

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Airtel, Vodafone Idea Collectively Lost 75 Lakh Subscribers in March: TRAI

[ad_1] After gaining over 9 lakh subscribers in February 2020, Bharti Airtel has lost more than 12 lakh subscribers in March. The Telecom Regulatory Authority of India has released its telecom subscription data for the month of March, and Airtel and Vodafone Idea have collectively lost more than 75 lakh subscribers. Vodafone Idea saw a […]

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Google In Advanced Talks To Invest $4 Billion In Jio Platforms: Report

[ad_1] Google plans to spend $10 billion in India over the next five to seven years Google is in advanced talks to buy a stake in Reliance Industries Ltd.’s (RIL) digital arm Jio Platforms Ltd., according to people familiar with the matter. The US technology company has been discussing an investment of about $4 billion, the […]

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Reliance Industries Sold Over 25% Stake In Jio For Rs 1.18 Lakh Crore Through These 12 Deals

[ad_1] Reliance Industries arm Jio Platforms houses telecom firm Reliance Jio Infocomm Since April 22, billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) has announced 12 deals to sell more than 25 per cent stake in its digital services arm, Jio Platforms. Together, the deals have helped the country’s most valuable company to raise about Rs 1.18 […]

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US-Based Intel Capital To Buy Rs 1,895-Crore Stake In Jio Platforms: 10 Things To Know

[ad_1] Jio Platforms has raised Rs 1,17,588.45 crore since April 22 Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) said on Friday that US-based Intel Corporation’s investment arm, Intel Capital, will buy a 0.39 per cent stake in Jio Platforms for Rs 1,894.50 crore. The deal gives Jio Platforms an equity value of Rs 4.91 lakh […]

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Reliance Jio Takes on Zoom With JioMeet, Supports Calls With 100 People

[ad_1] Reliance Jio has launched JioMeet, its answer to Zoom. Mukesh Ambani’s telecom company has launched its video conferencing app with little fanfare on Thursday night, and its apps are already available on Google Play and the App Store. After a nonstop streak of funding updates, Reliance Jio has released its first new product, and […]

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