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2 mins read

Reliance gets $1.5 billion from Saudi for Jio even as the $15 billion Aramco deal waits in the wings

“We believe that the potential of the Indian digital economy is very exciting and that…

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3 mins read

Reliance Jio lands its 9th and 10th investment – ₹4,546.80 crore from TPG and ₹1,894.50 crore from LVMH-backed L Catterton

It also announced its 10th deal ₹ 1894.50 crore by L Catterton, one of the world’s largest consu…

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3 mins read

Reliance Jio’s 2.23% stake sale to Vista means its raised $7.95 billion in under three weeks

As with Silver Lake, Vista’s investment is at a higher premium than Fa…

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3 mins read

Reliance raises ₹5,683 crore from AIDA - 8th deal for Jio Platforms in less than seven weeks

Reliance Industries on Sunday said it sold 1.16 per cent stake in its digital unit to Abu Dhabi Inv…

PTI   


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3 mins read

After Facebook, Reliance in talks with other investors to offload more stake

"In addition to the FB investment, the board was informed that RIL has received strong interest…

PTI   


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5 mins read

Mukesh Ambani’s next goal seems to be the ‘retail king of India’

According to Reliance Industries’ annual report, the retail vertical sold 20 million electronic uni…

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2 mins read

Mukesh Ambani and Mark Zuckerberg are looking to create a WeChat like super-app says report

Reliance Industries and Facebook are reportedly in talks to create a multipurpose app for India tha…

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5 mins read

Facebook's next investment in India may be Mark Zuckerberg's most important — in Asia's richest man Mukesh Ambani

None of them compare to the scale and potential of the proposed deal talks with Reliance J…

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1 min read

Facebook's 9.99% stake purchase in Jio Platforms gets CCI nod

The acquisition was to be done through Jaadhu Holdings LLC. In a tweet, the CCI said it has …

PTI   


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3 mins read

Significant advantages exist in Reliance-Aramco deal: Report

"We still see enough reasons for Aramco to acquire a stake (in RIL's O2C business). With a stake, …

PTI   


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3 mins read

Akash Ambani to head Reliance Jio - that’s just phase I of Mukesh Ambani’s succession plan

The elevation of the Brown university-graduate Akash has been speculated for a long time. He has…

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1 min read

Facebook likely to buy 10% stake in Reliance Jio

Jio apps like JioTV, JioCinema, JioNews etc are to be brought under this new entity in a move to c…

PTI   


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6 mins read

Mukesh Ambani gave Google and Facebook a discount on Reliance Jio stake ⁠— here’s why

Interestingly, Google’s $4.5 billion cheque and Facebook’s $5.7 billion investment were a cheape…

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2 mins read

Mukesh Ambani beats Warren Buffett on the list of billionaires

Ambani’s latest deal with petroleum giant BP of $1 billion has given him the latest jump in rank…

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2 mins read

Reliance Jio gets ₹1894.5 crore from Intel Capital – the 12th investment in 11 weeks

Reliance Jio has announced its 12th investment – ₹1894.5 crore ($253.5 million) from Intel Capital …

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2 mins read

Both Silver Lake and Mukesh Ambani hope that Reliance Jio will replicate Alibaba's magic⁠ — and this time Zuckerberg will get a chunk

Silver Lake has a history of turning everything it touches to gold and now it’s got its fingers in …

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4 mins read

Reliance to hive off $75 billion oil-to-chemicals business into separate unit for sale to Aramco

O2C undertaking of the company comprises entire oil-to-chemicals business of the company co…

PTI   


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2 mins read

EXCLUSIVE: Reliance Jio may have to pick between Google and Microsoft for its final tranche of investments

Mukesh Ambani’s Reliance Jio has done the unthinkable – it has raised almost ₹1 lakh crore (almost …

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1 min read

General Atlantic pics 1.34 pc stake in Jio platforms for ₹6,598.38 crore

Jio Platforms has raised Rs 67,194.75 crore from leading technology investors, including Faceboo…

PTI   


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6 mins read

Facebook buying into Reliance Jio - More to it than meets the eye?

The Facebook-Reliance Jio deal could have huge implications in the future