Tag: Reliance Jio

Skill-based gaming startup Zupee enters into a strategic partnership with Reliance Jio

Zupee, India’s largest skill-based casual gaming company, has announced a first-of-its-kind strategic partnership with Jio Platforms Limited. This will entail integration of products and strong synergies in user engagement and distribution in a future-ready ecosystem that will benefit over 450 million users, a statement said. With this new synergy, the aim is to build an ecosystem that…

Reliance Jio, Bharti Airtel conclude spectrum trading agreement

Reliance Jio Infocomm Ltd (RJIL) announced that it has concluded the definitive Agreement entered with Bharti Airtel Limited for acquisition of right to use spectrum in the 800MHz band in Andhra Pradesh (2 x 3.75 MHz), Delhi (2 x 1.25 MHz) and Mumbai (2 x 2.5 MHz) circles through spectrum trading, which has been taken…

BCI acquires Indian telecom tower company from Reliance Industrial Investments and Holdings

British Columbia Investment Management Corporation, alongside Brookfield Infrastructure Partners L.P. and its institutional partners, announced that they have acquired a 100 per cent stake in a telecom tower company in India from Reliance Industrial Investments and Holdings Limited, a wholly-owned subsidiary of Reliance Industries Limited.  The total equity commitment for the transaction is approximately $3.4…

Amazon in talks to buy $2bn stakes in Bharti Airtel: Reuters

Online retail giant Amazon is reportedly in talks with Indian mobile operator Bharti Airtel to buy a stake worth at least $2 billion. According to a Reuters report, the deal is expected to “turbocharge” India’s digital economy. If the alleged transaction comes through, Amazon would roughly acquire 5% stake in the country’s third largest telecom…

After Facebook and KKR, Microsoft looks to invest $2bn in Jio Platforms: Report

After US-based corporations like Facebook, General Atlantic and KKR invested heavily in Mukesh Ambani-led Jio Platforms, global tech giant Microsoft is reportedly in talks with the company for a potential investment of $2bn. Jio Platforms is the digital unit of Reliance Industries Limited. According to a LiveMint report, Microsoft has been in discussions with several…

Reliance wants to acquire a majority stake in Netmeds: Report

In an attempt to strengthen its ecommerce footprint, Indian multinational conglomerate Reliance Industries Limited is reportedly in advanced talks to acquire a majority stake in Epharmacy startup Netmeds. According to a Times Of India report, Reliance, through one of its subsidiaries, may pay about $150mn for the assets including fresh capital infusion in the ten-year-old…

JioMart goes live after on WhatsApp after Reliance-Facebook deal

Days after Reliance and Facebook signed the $5.7 billion deal, Mukesh Ambani’s ambitious project JioMart has gone live on WhatsApp. Currently in its pilot phase, the service is live only in some areas of Mumbai including Navi Mumbai, Thane and Kalyan. The company plans to roll out the service in other parts of the country…

Facebook invests Rs43,574 cr in Reliance Jio

Reliance Industries Ltd, Jio Platforms Ltd and Facebook, Inc. announced the signing of binding agreements for an investment of ₹ 43,574 crore by Facebook, acquiring 9.9% equity share in Jio Platforms. This investment by Facebook values Jio Platforms at ₹ 4.62 lakh crore pre-money enterprise value.  “This is the largest investment for a minority stake…

Rashmi Rare Earth collaborates with Reliance Jio

Subsidiary of Rashmi Group, a multidimensional business conglomerate operating across Asia – Rashmi Rare Earth Limited (RREL) announced collaboration with Reliance Jio to manufacture set-up boxes locally in its Noida facility. RREL is a home-grown manufacturer with state-of-the-art Japanese machines which can manufacture the latest 5G enabled electronic products. Reliance Jio has plans to reach…

Greenlight Planet wins Economic Times Champions of Rural Markets Award

The global leader in solar home energy products, Greenlight Planet, has been honored with The Economic Times’ ‘Champion of Rural Markets’ award. The award was received by Priyabrata Das, Retail Business Leader, Asia, and Sahil Khanna, Partnerships Leader, Asia in New Delhi on 13th December 2019. The company has been operating in India since 2009…