Articles tagged under: reliance

Reliance launches unlimited free conferencing app JioMeet

July 04, 2020
Reliance launches unlimited free conferencing app JioMeet

Mumbai: After raising billions of dollars from the likes of Facebook and Intel for its digital business, billionaire Mukesh Ambani's Reliance Industries has launched JioMeet video conferencing app with unlimited free calling that is being seen as rate war on rival Zoom. The JioMeet video conferencing app is available across Android, iOS, Windows, macOS and web since Thursday evening after beta testing. According to the company website, JioMeet supports HD audio and video call quality wit...Read More

Intel Capital, investment arm of Intel Corporation to invest Rs.1,894.50 crore in Jio Platforms

July 03, 2020
Intel Capital, investment arm of Intel Corporation to invest Rs.1,894.50 crore in Jio Platforms

Mumbai: Reliance Industries Limited (“Reliance Industries”) and Jio Platforms Limited (“Jio Platforms”), announced today that Intel Capital will invest ₹ 1,894.50 crore in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. Intel Capital’s investment will translate into a 0.39% equity stake in Jio Platforms on a fully diluted basis. Intel Capital joins the list of marquee firms who have recently invested in Jio Platforms, taking the...Read More

Jio, BSNL continue to add mobile subscribers in Gujarat: TRAI

June 29, 2020
Jio, BSNL continue to add mobile subscribers in Gujarat: TRAI

Ahmedabad:A month before national lockdown hit India, the telecom industry had started feeling the heat. The industry continued witnessing fall in the mobile subscription numbers in Gujarat. However, Jio and BSNL continues to add new numbers in the month of February 2020. The telecom regulatory, the Telecom Regulatory Authority of India (Trai) on Monday released a report on mobile subscription number ending on February 29, 2020. The report says that Jio added 2.92 lakh numbers and BSNL add...Read More

Ambani pushes for clean, affordable energy; tech to decarbonise

June 27, 2020
Ambani pushes for clean, affordable energy; tech to decarbonise

New Delhi: In his biggest push for clean and affordable energy, billionaire Mukesh Ambani on Friday said it was imperative to adopt technologies that can recycle to set the carbon balance right. With Prince Abdulaziz bin Salman Al-Saud, Energy Minister of the world's largest oil exporter Saudi Arabia, listening, Ambani said there is a need to provide efficient, clean, and affordable energy. "The way I see is that in the progress that humankind has made (between) industrial revolutions, w...Read More

Jio brings complimentary access of Zee5 Premium content for JioFiber users

June 26, 2020
Jio brings complimentary access of Zee5 Premium content for JioFiber users

Mumbai: Jio brings yet another surprise for its JioFiber users. The users will get complimentary access of Zee5’s premium content. Now, JioFiber users can enjoy access to the entire library of premium content split across multiple languages and genres. It has 1.25 lakh hours of On Demand Content and 100+ live TV channels. Apart from that, it also offers the best of Originals, Indian and International Movies and TV Shows, Music, Kids content, Cineplays and Health and Lifestyle content. Inte...Read More

Reliance raises over Rs. 1,68,818 crore in less than two months

June 19, 2020
Reliance raises over Rs. 1,68,818 crore in less than two months

Muumbai: Reliance Industries Limited has raised over Rs.  168,818 crore in just 58 days through Investments by global tech investors  - Rs. 115,693.95 crore and  Rights Issue   -Rs. 53,124.20 crore. The combined capital raised has no precedence globally in such a short time. Both of these are also unprecedented in Indian corporate history and have set new benchmarks. This is even more remarkable that this was achieved amidst a global lockdown caused by the COVID-19 pandemic. Along with ...Read More

The Public Investment Fund (PIF) to invest Rs. 11,367 crore in Jio Platforms

June 18, 2020
The Public Investment Fund (PIF) to invest Rs. 11,367 crore in Jio Platforms

Mumbai: Reliance Industries Limited (“Reliance Industries”) and Jio Platforms Limited (“Jio Platforms”), India’s leading digital services platform, today announced an investment of Rs. 11,367 crore by The Public Investment Fund (“PIF”). This investment values Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore. PIF’s investment will translate into a 2.32% equity stake in Jio Platforms on a fully diluted basis. With this investmen...Read More

TPG to invest Rs. 4,546.80 crore in Jio Platforms

June 13, 2020
TPG to invest Rs.  4,546.80 crore in Jio Platforms

Mumbai: Reliance Industries Limited (“Reliance Industries”) and Jio Platforms Limited (“Jio Platforms”), India’s leading digital services platform, announced today that global alternative asset firm TPG will invest Rs. 4,546.80 crore in Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. The investment will translate into a 0.93% equity stake in Jio Platforms on a fully diluted basis for TPG. With this investment, Jio Platforms has ra...Read More

JioFiber announces 1-year Amazon Prime membership at no extra cost

June 12, 2020
JioFiber announces 1-year Amazon Prime membership at no extra cost

Mumbai:JioFiber users across India can now watch Amazon Prime content at no extra cost. Reliance Jio has announced one-year Amazon Prime membership worth Rs999, without paying any additional cost to existing or new JioFiber users. Amitabh Bachchan and AyushmannKhurrana starrer, GulaboSitabo is being premiered on Amazon Prime on Friday evening. The JioFiber users can enjoy this premier. The users can also watch Amazon Prime video in all different languages including Hindi, English, Marathi, T...Read More

ADIA to invest Rs. 5,683.50 crore in Jio Platforms

June 07, 2020
ADIA to invest Rs.  5,683.50 crore in Jio Platforms

Mumbai: Reliance Industries Limited (“Reliance Industries”) and Jio Platforms Limited (“Jio Platforms”), India’s leading digital services platform, today announced an investment of Rs. 5,683.50 crore by a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”). This investment values Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. ADIA’s investment will translate into a 1.16% equity stake in Jio Platforms on a...Read More

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