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Vodafone Idea lost subscribers in August; Jio, Airtel gained: TRAI

Vodafone Idea lost subscribers in August; Jio, Airtel gained: TRAI

🕔07:59, 21.Oct 2021

New Delhi, Oct 21 (IANS) Telecom operator Vodafone Idea lost over 8.33 lakh subscribers on a sequential basis in August, the Telecom Regulatory Authority of India (TRAI) data showed on Wednesday. Vodafone Idea’s subscriber base went down by 8.33 lakh to

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Jio launches “Emergency Data Loan” facility

Jio launches “Emergency Data Loan” facility

🕔06:27, 4.Jul 2021

New Delhi, July 4  Emergency data loan facility provides flexibility of ‘Recharge Now and Pay Later functionality to Jio users who run out of their high speed daily data quota and are unable to recharge immediately. Under this, Jio will

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Spectrum auction concludes with bids of Rs 77,810 cr

Spectrum auction concludes with bids of Rs 77,810 cr

🕔19:51, 2.Mar 2021

New Delhi, March 2 The spectrum auction 2021 concluded on Tuesday with the government receiving total bids worth Rs 77,814.80 crore. “The value of spectrum for which there are winning bids is Rs 77,814.80 crore. Incremental bids for Rs 668.20

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Partnership with Jio to help support millions of SMBs: Zuckerberg

Partnership with Jio to help support millions of SMBs: Zuckerberg

🕔16:34, 15.Dec 2020

New Delhi, Dec 15  Facebook CEO Mark Zuckerberg on Tuesday said its partnership with Jio Platforms will help support millions of small businesses in India. Zuckerberg made the remark during a conversation with Mukesh Ambani, Chairman and Managing Director, Reliance

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RIL Group deals account for 45% of $26.3 bn PE-VC investments

RIL Group deals account for 45% of $26.3 bn PE-VC investments

🕔06:35, 3.Oct 2020

New Delhi, Oct 3 The $12.1 billion invested by global private equity and sovereign wealth funds in Reliance Industries’ Jio Platforms ($ 9.9 billion) and Reliance Retail ($ 2.3 billion) accounted for 45 per cent of the total PE-VC investment value

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Relief for Jio, Airtel as SC rules out AGR dues on shared spectrum

Relief for Jio, Airtel as SC rules out AGR dues on shared spectrum

🕔08:32, 2.Sep 2020

New Delhi, Sep 2  The Supreme Court on Tuesday said shared operator telecom service providers (TSPs) cannot be saddled with the liability to pay the past AGR dues of licensees that have shared the spectrum. The decision exempts Reliance Jio

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With Jio, WhatsApp Pay to empower millions of Indians: Zuckerberg

With Jio, WhatsApp Pay to empower millions of Indians: Zuckerberg

🕔11:50, 31.Jul 2020

New Delhi, July 31  Reiterating his commitment to launch WhatsApp Pay for over 400 million users of the messaging platform in India, Facebook CEO Mark Zuckerberg said that the Reliance Jio partnership is a huge opportunity to enable small businesses

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Jio, Google to launch ‘make in India’ affordable smartphone

Jio, Google to launch ‘make in India’ affordable smartphone

🕔17:53, 15.Jul 2020

New Delhi, July 15  To create an affordable yet powerful smartphone ecosystem for the masses in the country, Reliance Jio Platforms and Google on Wednesday announced to launch an entry-level Android smartphone soon. Jio Platforms and Google have entered into

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Qualcomm to invest Rs 730 cr in Jio Platforms

Qualcomm to invest Rs 730 cr in Jio Platforms

🕔07:19, 13.Jul 2020

New Delhi, July 13 The investment spree into Reliance Industries’ Jio Platforms continues, with technology major Qualcomm coming in with Rs 730 crore to pick up 0.15 per cent stake. Reliance Industries on Sunday announced that Qualcomm Ventures, the investment arm

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Reliance expected to spin-off Jio, Retail over 3-4 yrs

Reliance expected to spin-off Jio, Retail over 3-4 yrs

🕔07:32, 25.Jun 2020

New Delhi, June 25  Analysts expect a break-up of Reliance Industries Limited (RIL) in the next 3-4 years through the IPO of the Jio and Retail business segments which should unlock additional shareholder value. Broking house Bernstein said in a

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CCI nod for Facebook’s stake acquisition in Jio Platforms

CCI nod for Facebook’s stake acquisition in Jio Platforms

🕔21:06, 24.Jun 2020

New Delhi, June 24  The Competition Commission of India (CCI) has approved the acquisition of 9.99 per cent stake in Jio Platforms by Facebook entity, Jaadhu Holdings LLC. “@CCI_India approves acquisition of 9.99% stake in Jio Platforms by Jaadhu Holdings

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CCI reviewing Facebook buy in Jio Platforms

CCI reviewing Facebook buy in Jio Platforms

🕔18:50, 17.Jun 2020

New Delhi, June 17  The Competition Commission of India (CCI) is reviewing Facebook’s acquisition of 9.99 per cent stake in Jio Platforms. The CCI looks to prevent misuse of data in all the deals it assesses, Chairman Ashok Kumar Gupta

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Jio to complete 25% equity dilution with Saudi fund’s equity buy: Report

Jio to complete 25% equity dilution with Saudi fund’s equity buy: Report

🕔07:27, 16.Jun 2020

New Delhi, June 16  Saudi Arabias sovereign wealth fund, PIF, is all set to pick up a stake in Jio Platfoms which would complete 25 per cent of Jios equity dilution to the investors, said a report by the Gulf

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Defying Covid, Jio Platforms raises Rs 92,202 crore in six weeks

Defying Covid, Jio Platforms raises Rs 92,202 crore in six weeks

🕔17:19, 6.Jun 2020

New Delhi, June 6  Reliance Industries Ltd and Jio Platforms Ltd announced on Friday that Silver Lake and its co-investors will invest an additional Rs 4,546.80 crore in Jio Platforms. This is in addition to the Rs 5,655.75 crore of

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Abu Dhabi-based Mubadala invests Rs 9,093 cr in Jio Platforms

Abu Dhabi-based Mubadala invests Rs 9,093 cr in Jio Platforms

🕔10:13, 5.Jun 2020

Mumbai, June 5 Reliance Industries Ltd on Friday announced that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of

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Saudi sovereign fund explores buying minority stake in Jio

Saudi sovereign fund explores buying minority stake in Jio

🕔07:03, 9.May 2020

New Delhi, May 9 Saudi Arabia’s sovereign wealth fund, which has Crown Prince Mohammed bin Salman as the Chairman, is considering to buy a minority stake in Reliance Industries Ltd’s (RIL) digital unit Jio Platforms, sources close to the development said.

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More big investments into Jio likely in coming months: RIL

More big investments into Jio likely in coming months: RIL

🕔07:33, 1.May 2020

New Delhi, May 01 Reliance Industries (RIL) on Friday said that it has received strong interest from investors, and major investments into Jio Platforms, in the line with Facebook’s over Rs 43,000 crore investment, may be announced in the coming months.

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Facebook’s Jio investment to help RIL move to zero debt: Report

Facebook’s Jio investment to help RIL move to zero debt: Report

🕔13:12, 27.Apr 2020

New Delhi, April 27  Facebook’s over Rs 43,000 crore investment in Jio Platforms would help Reliance Industries (RIL) in its movement towards becoming a zero net debt company by March 2021, a Credit Suisse report said on Monday. “Deal cash

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Facebook’s investments in India besides $5.7 bn in Reliance Jio

Facebook’s investments in India besides $5.7 bn in Reliance Jio

🕔19:29, 22.Apr 2020

New Delhi, April 22  Much before announcing its $5.7 billion investment for nearly 10 per cent stake in Reliance Industries Limited (RIL)-led Jio Platforms on Wednesday, Facebook had already started investing in Indian firms. The social media giant made its

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Facebook buying 9.99% stake in Reliance Jio for Rs 43,574 cr, largest FDI in India’s tech sector

Facebook buying 9.99% stake in Reliance Jio for Rs 43,574 cr, largest FDI in India’s tech sector

🕔07:06, 22.Apr 2020

New York, April 22  It’s official. Social media and tech giant Facebook is pouring in Rs 43,574 crore for a 9.99 per cent stake in India’s oil-retail-telecom conglomerate Reliance Industries Limited (RIL) led Jio Platforms — the largest investment for

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