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Saudi Arabia's PIF buys 2.32% stake in Jio for Rs 11,367 crore

New Delhi, Jun 18 () Saudi Arabia's wealth fund Public Investment Fund (PIF) has bought a 2.32 per …

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Jio announces international roaming plans for its users traveling to FIFA World Cup 2022 in Qatar

Mukesh Ambani’s Jio has announced five international plans for its users ahead of FIFA World Cup 20…

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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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Mukesh Ambani is not done – Jio Fiber to get over $1 billion as Abu Dhabi and Saudi sovereign funds are set to invest in Reliance InvIT

Brookfield Infrastructure Partners has already invested ₹25,215 crore in the Tower InvIT. “Disc…

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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…

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Mukesh Ambani cashes in yet another cheque from PIF — Saudi Arabia’s sovereign fund to invest $1.3 billion in Reliance Retail

Reliance Retail has raised $1.3 billion from Saudi Arabia’s sovereign fund – Public Investment Fund…

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2 mins read

Mukesh Ambani might net billions by selling a stake in his refinery business to the ‘world’s most profitable company’

Markets responded positively to the news, with Reliance's share price up by more than 2% at t…

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Saudi wealth fund PIF buys 2.32% stake in Jio Platforms for Rs 11,367 cr

Yasir Al-Rumayyan, Governor of PIF, commented: "We are delighted to be investing in an innovative …

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Mukesh Ambani says Jio will rollout 5G services by June 2021 – and it will go beyond India

Reliance chairman Mukesh Ambani announced on December 8 that Jio will roll out 5G services in India…

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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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$8 billion and counting – Asia's richest man is reportedly in talks to raise more money for Reliance Jio

The new investment will be an addition to the $8 billion Ambani has raised and the fourth to c…

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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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4 mins read

EXCLUSIVE: Inside the Reliance Jio deals – Akash Ambani was the one to choose Facebook, the next big investments and the ideas sold to investors

Since March, India has heard about two things happening repeatedly – the lockdown being extended an…

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3 mins read

Here's why Facebook's Mark Zuckerberg is paying top dollar for a stake in Mukesh Ambani's Reliance Jio

This is because Facebook’s Mark Zuckerberg has paid a certain premium for a stake in Reliance Ji…