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Google picks up 7.7% stake in Reliance's Jio for $4.5 bn

TMT

15 July, 2020

Google picks up 7.7% stake in Reliance's Jio for $4.5 bn

Reliance Industries Ltd said on Wednesday Alphabet Inc.’s Google will invest Rs 33,737 crore ($4.5 billion) in Jio Platforms Ltd, ......

Reliance's Jio gets $97 mn from Qualcomm Ventures for 5G push

TMT

13 July, 2020

Reliance's Jio gets $97 mn from Qualcomm Ventures for 5G push

Qualcomm Ventures has agreed to invest up to Rs 730 crore ($97 million) in Reliance Industries Ltd’s digital unit, Jio ......

Why there is limited upside for rupee despite multiple positives

Markets

08 July, 2020

Why there is limited upside for rupee despite multiple positives

India's rupee has the backing of a healthier trade account, steady foreign investment inflows and a return in global risk ......

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Virus fears damp M&As in Jan-June but cross-border sales, collapsed deals in focus

Finance

08 July, 2020

Virus fears damp M&As in Jan-June but cross-border sales, collapsed deals in focus

The number of mergers and acquisitions (M&As) involving India Inc. declined to the lowest level in at least eight years ......

Intel chips in with $253 mn for Reliance's Jio Platforms

TMT

03 July, 2020

Intel chips in with $253 mn for Reliance's Jio Platforms

Reliance Industries Ltd said on Friday that Intel Capital will invest Rs 1,894.50 crore ($253 million) in Jio Platforms Ltd, ......

Abu Dhabi's Mubadala plans to grow Asia portfolio after backing Jio Platforms

Finance

22 June, 2020

Abu Dhabi's Mubadala plans to grow Asia portfolio after backing Jio Platforms

Abu Dhabi state investor Mubadala Investment Co is under-invested in Asia and plans to expand its portfolio in the region, ......

Reliance is ‘net-debt free', on road to IPO for digital, retail units

Manufacturing

19 June, 2020

Reliance is ‘net-debt free', on road to IPO for digital, retail units

Reliance Industries Ltd said on Friday it has become net-debt free after raising 1.69 trillion rupees ($22.2 billion) via stake ......

Saudi Arabian wealth fund to invest $1.5 bn in Reliance's Jio Platforms

TMT

18 June, 2020

Saudi Arabian wealth fund to invest $1.5 bn in Reliance's Jio Platforms

Reliance Industries Ltd said on Thursday Saudi Arabia’s Public Investment Fund (PIF) will invest Rs 11,367 crore ($1.5 billion) in ......

TPG, L Catterton join other heavyweights with $850 mn cheque for Reliance's Jio Platforms

TMT

13 June, 2020

TPG, L Catterton join other heavyweights with $850 mn cheque for Reliance's Jio Platforms

Reliance Industries Ltd said on Saturday private equity firms TPG and L Catterton will invest Rs 4,546.8 crore ($600 million) and ......

Jio backer Mubadala says well placed to handle virus challenge as income soars

Finance

11 June, 2020

Jio backer Mubadala says well placed to handle virus challenge as income soars

Abu Dhabi state fund Mubadala said on Thursday its strong liquidity position and a diverse portfolio will help the fund ......