“Hi everyone. I know there's a lot going on around the world right now, and I hope you are all staying healthy and safe. I want to share an important update. Facebook is joining forces with a new partner in India – we're making a major financial investment, and we will become the largest minority shareholder in Jio Platforms. More than that, we're also committing to work together on some critical projects that we think will open up a lot of opportunities for commerce in India. … [Read more...] about RIL AGM 2020: Here’s the full text of Mukesh Ambani’s speech
Adani 1 billion loan
Broadly, Facebook and Google are courting for the same few data points everywhere. Your location, your consumption trends (video vs audio vs text) and websites you visit, helping them serve up more and more relevant ads. Hence the rivalry. They have fought across countries for acquisitions, investments and ad dollars. So what brings them together today? … [Read more...] about Why are sworn rivals Facebook and Google coming together in India’s Jio?
The investment by Google—the 14th such deal in less than 13 weeks—takes the total stake that Reliance sold in Jio Platforms to a little over 33 percent. Mumbai-based RIL has now raised a combined Rs 1,52,056 crore from some of the world’s leading tech investors in the largest fundraising exercise by a company anywhere in the world.RIL also announced a partnership with Google to build a smartphone operating system in India. … [Read more...] about RIL 43rd AGM: Nearly half of Google’s India Digitisation Fund to go into Jio
Bengaluru-based group health insurance startup Plum has raised Rs 7 crore in seed funding from Incubate Fund along with Gemba Capital and Tracxn Labs. Angel investors like Abhijit Gupta and Ram Sahasranam of Praxify Health and a few others also participated in the round. … [Read more...] about Plum raises seed funding from a clutch of investors
Fueled by public relations rather than public policy, the bailouts actually are a sweepstakes open to adult parents of children ages 14 or younger. The contest ends August 12. One thousand people will be randomly selected to receive a commemorative check and a gift card. … [Read more...] about Tiny ‘stimulus checks’ for tiny CEOs of lemonade stands are now a thing