Reliance jio

Ambani, chairman and managing director, RIL, said, the partnership with Facebook will make an important contribution to India’s economic recovery and resurgence in the shortest period of time in the post-Corona era. “All of us at Reliance are humbled by the opportunity to welcome Facebook as our long-term partner in continuing to grow and transform the digital ecosystem of India for the benefit of all Indians,” he said. … [Read more...] about Facebook buys 9.9% stake in Reliance Jio for Rs 43,574 crore in largest tech FDI

Finally, Paytm, the largest digital payments player in the country, has a base of 15 million merchants spread across every corner of the country. It has diversified from its core payments business to selling mutual funds, insurance and overall online shopping experience to customers.  … [Read more...] about Facebook may use Jio deal to quickly launch WhatsApp Pay, challenge Paytm, others

Silver Lake made its debut investment in India in 2013 when it picked up a minority stake in Bengaluru-based Ekta Software which builds software for commodity trading. … [Read more...] about Reliance Retail-Silver Lake deal: All you need to know about Silver Lake Partners

While Jio had posted Earnings before Interest Tax Depreciation and Amortisation (EBITDA) growth of 55 percent, and Bharti reported Indian mobile EBITDA growth of 35 percent in the first quarter of the current fiscal, Vodafone Idea’s numbers remained stagnant, covering only half of its interest cost. … [Read more...] about Dues payment over 10 years not enough to aid Vodafone Idea; expect market gains for Airtel, Jio: Fitch Ratings

>This deal is significant as RIL is expanding its retail business and lining up a posse of global investors to take on rivals such as Amazon and Walmart-owned Flipkart in the world’s second most populous country. … [Read more...] about Reliance Retail-Silver Lake Deal: 5 key things to know