Government of India Archives

4 Weeks, 4 Investments, 4 Majors, USD 9B In Jio Platforms And RIL Isn’t Done Yet!

by connect@thofgr.comMay 20, 2020May 21, 2020Leave a comment

Scroll below for our latest tweets on this topic. Read a more updated thread by clicking on any of the tweets below. Lastly, please spare a moment to retweet, share and respond to this thread! https://twitter.com/s_v_g/status/1262784059203129344?s=20 https://twitter.com/s_v_g/status/1262784535944548352?s=20 https://twitter.com/s_v_g/status/1262785258832814081?s=20 https://twitter.com/s_v_g/status/1262785935160127488?s=20 https://twitter.com/s_v_g/status/1262787826384420865?s=20…

General Atlantic Invests $870M In Reliance’s Jio Platforms In Its Largest Asia Deal

by connect@thofgr.comMay 18, 2020May 21, 2020Leave a comment

US private equity giant General Atlantic has invested $870 million (approximately Rs 6,598 crore) in Reliance's Jio Platforms in its largest deal in Asia so far. The investment gives General Atlantic a 1.34 percent stake in Jio Platforms on a…

Reliance Jio Sells Stake To Vista Equity Partners For $1.5B; Deal Fuelled By Gujarati Connection

by connect@thofgr.comMay 14, 2020May 21, 2020Leave a comment

Four days after Reliance Jio struck a deal with Silver Laker Partners, it has earned fresh investments from another US-based tech-focused private equity fund. Vista Equity Partners has acquired 2.32 percent stake in Jio Platforms for an estimated $1.5 billion…

What Makes Jio Platforms Command a INR 5 Trillion Valuation

by connect@thofgr.comMay 14, 2020May 21, 2020Leave a comment

Silver Lake Partners on Monday invested ₹5,665 crore in Jio Platforms for a 1.15% stake. This was at a 12.5% premium to Facebook’s ₹43,574 crore ($5.7 billion) deal for a 9.99% announced on 22 April. So, what has made Jio Platform a…

JioMart’s Jio Moment – Can The RIL Company Disrupt Indian Retail?

by connect@thofgr.comMay 13, 2020May 21, 2020Leave a comment

Queuing up at his local store for grocery worried Naman Jain. With coronavirus cases rising, it was too much of a risk for the resident of the Mumbai suburb of Thane. RIL’s ambitions for Jio are bigger and deeper, says…

Self Sufficiency Can Help Tide Over The Ripples From COVID19

by connect@thofgr.comMay 13, 2020May 21, 2020Leave a comment

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Airtel-ZEE5 Extend Partnership As Telcos Inch Towards Bundled App Ecosystem

by connect@thofgr.comMay 12, 2020May 21, 2020Leave a comment

Customers of Airtel Thanks will now get free, unlimited access to ZEE5’s premium content library as part of their exclusive benefits, the companies announced. Airtel, like rival Reliance Jio, has been inching towards a bundled app ecosystem powered by content.…

Airtel Selects IBM And Red Hat To Build Open Hybrid Cloud Network

by connect@thofgr.comMay 12, 2020May 21, 2020Leave a comment

Bharti Airtel (“Airtel”), one of India’s largest integrated telcos, has selected IBM and Red Hat to build its new telco network cloud, designed to make it more efficient, flexible and future-ready to support core operations and enable new digital services.…

Airtel Selects IBM And Red Hat To Build 5G-Ready Open Hybrid Cloud Network

by connect@thofgr.comMay 12, 2020May 21, 2020Leave a comment

Bharti Airtel has selected IBM and Red Hat to build its new 5G-ready telco network cloud to support core operations, monetise the telco’s pan-India 4G network with the help of new services and be more competitive against main rival Reliance…

Airtel Dials IBM As Battle With Jio Heats Up

by connect@thofgr.comMay 12, 2020May 21, 2020Leave a comment

IBM on Monday announced a major deal with Bharti Airtel to build a new open hybrid cloud network that will be more efficient and flexible than what exists now, will enable new digital services, and be ready for emerging technologies…

Reliance’s Jio Platforms In Talks With General Atlantic, Other Foreign Funds For Stake Sale

by connect@thofgr.comMay 12, 2020May 21, 2020Leave a comment

Reliance Jio has cut three equity deals with three major investors in three weeks. First came the $5.7 billion stake sale to Facebook, making it the largest minority shareholder in Jio, followed by another 1.15 percent dilution to Silver Lake…

3 Deals In 3 weeks: Vista Equity Now Invests $1.5 Billion In Reliance Jio

by connect@thofgr.comMay 12, 2020May 21, 2020Leave a comment

Mukesh Ambani's Reliance Jio has been able to attract the third big investor - Vista Equity Partners - which is the world’s largest tech fund following its landmark deal with Facebook. Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound research…

Vista Stake Caps $8 Billion Deal Run for Asia’s Richest Man

by connect@thofgr.comMay 11, 2020May 21, 2020Leave a comment

Billionaire Mukesh Ambani is a man on a mission: to dominate India’s consumer Internet market -- from online retail to digital payments. He just sealed three deals in as many weeks to raise a combined $8 billion, including from Facebook…

Silver Lake Checks Into Jio Platforms, Snaps Up 1.15% For Over Rs 5,600 cr

by connect@thofgr.comMay 5, 2020May 21, 2020Leave a comment

Reliance Jio Platforms (Jio Platforms), a subsidiary of Reliance Industries (RIL), is selling 1.15 per cent stake to private equity (PE) firm Silver Lake for Rs 5,655.75 crore. The investment — the second in a fortnight - highlights its focus…

PE Giant Silver Lake That Backed Alibaba, Airbnb, Others Takes Reliance Jio Closer To IPO

by connect@thofgr.comMay 5, 2020May 21, 2020Leave a comment

American private equity giant Silver Lake Partners' investment in Reliance Jio comes in less than two weeks of the Facebook deal. Silver Lake has paid a 12.5 percent premium over Facebook. Its $750 million infusion in Jio Platforms takes the…

Silver Lake Investment A Shot In The Arm For Jio Platforms

by connect@thofgr.comMay 4, 2020May 4, 2020Leave a comment

Scroll below for our latest tweets on this topic. Read a more updated thread by clicking on any of the tweets below. Lastly, please spare a moment to retweet, share and respond to this thread! https://twitter.com/s_v_g/status/1257152089869836290?s=20 https://twitter.com/s_v_g/status/1257153384357883904?s=20 https://twitter.com/s_v_g/status/1257154348028530688?s=20 https://twitter.com/s_v_g/status/1257155304917135360?s=20 https://twitter.com/s_v_g/status/1257156687523246080?s=20…

Reliance Jio Connects With Facebook For $5.7 Billion Equity Deal

by connect@thofgr.comApril 24, 2020Leave a comment

Facebook and Reliance Jio hit the headlines early Wednesday morning, in a break from the daily lockdown news. Mark Zuckerberg announced in a Facebook post that the technology giant will acquire a 9.99 per cent stake in Jio Platforms Ltd (JPL) through a fresh issue of shares worth…

Facebook-Reliance Deal To Boost JioMart, Open Door For Small Businesses

by connect@thofgr.comApril 24, 2020April 24, 2020Leave a comment

India’s small and medium businesses (SMBs), which are struggling due to the covid-19 pandemic, got a shot in the arm on Wednesday with social media giant Facebook announcing a $5.7-billion investment in Jio Platforms Ltd, which is owned by Reliance…

Facebook Investment In Jio Is Deeper Than It Appears

by connect@thofgr.comApril 23, 2020April 23, 2020Leave a comment

Scroll below for our latest tweets on this topic. Read a more updated thread by clicking on any of the tweets below. Lastly, please spare a moment to retweet, share and respond to this thread! https://twitter.com/s_v_g/status/1253173973757513728?s=20 https://twitter.com/s_v_g/status/1253176766610341888?s=20 https://twitter.com/s_v_g/status/1253178329315725312?s=20 https://twitter.com/s_v_g/status/1253179922752798720?s=20 https://twitter.com/s_v_g/status/1253181489564381184?s=20…

Arvind Krishna Ascends Beyond Cloud At IBM

by connect@thofgr.comFebruary 1, 2020Leave a comment

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PSB Consolidation May Shrink IT Firms’ Business

by connect@thofgr.comDecember 11, 2019December 11, 2019Leave a comment

Technology companies offering niche services to banks face a challenge as public sector lenders consolidate, with issues around shrinking revenue, reduced clients and heightened competition, industry experts have said. Banks may consider changing their technology infrastructure, analysts said. This means,…

New-Age Internet Companies Are Going Big On Soft-Skill Training

by connect@thofgr.comNovember 1, 2019Leave a comment

New-age internet companies across the eCommerce, food-tech and fintech sectors are increasingly using soft-skill providers to train their workforce. These human resource development programmes have traditionally been used by the manufacturing and automobile industries for their staff. “Even larger companies…

#BoycottJio Controversy: No More Than A Storm In A Teacup

by Sanchit Vir GogiaOctober 11, 2019October 11, 2019Leave a comment

On October 9, 2019, I noticed my Twitter timeline was abuzz with a hashtag, #BoycottJio. Until then, I hadn't heard about the announcement by Reliance Jio to charge users 6 paise per minute for voice calls made to other networks.…

Banks May Take 3 Years For Tech Merger

by connect@thofgr.comSeptember 2, 2019Leave a comment

Banks may take 2-3 years to standardise core technology, products and customer applications after the government proposed to merge some prominent public sector lenders last week, analysts said. “The integration process would take 24-36 months. Website, mobile apps, IVR —…

Reliance Jio, Microsoft Partner To Bring Azure Cloud To Jio’s Data Centers

by connect@thofgr.comAugust 13, 2019Leave a comment

Reliance Jio and Microsoft have entered into a long-term alliance to offer a set of solutions comprising connectivity, computing, storage solutions etc to create more affordable offerings for Indian SMBs, startups and large enterprises while also adding capabilities to Reliance Industries’ ecosystem. Sanchit…

Mukesh Ambani Sets Out To Dominate Digital India

by connect@thofgr.comJune 4, 2019Leave a comment

For all the publicity blitz accompanying Mukesh Ambani’s $30bn charge into the digital economy, the details of his long-term strategy remain a closely guarded secret. Mr Ambani’s Reliance Jio venture has upended India’s telecom sector, devastating the profits of incumbent operators…

Respite From Pesky Calls, Messages: Airtel Awards Pan-India Blockchain Deal To IBM

by connect@thofgr.comMay 23, 2019Leave a comment

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India Has Added Two New Tech Unicorns In Just The Last Month

by connect@thofgr.comMay 7, 2019Leave a comment

2019 is turning out to be great for Indian internet ventures. It’s not even mid-way into the year, and the country has already seen two internet firms achieve unicorn valuations, and at least one more is close to the milestone.…

An India-China Trade War? Modi Fans The Flames Of Boycott Calls

by connect@thofgr.comApril 21, 2019Leave a comment

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Rahul Gandhi’s Promise On Ease Of Doing Business Is Election Rhetoric At Best; Implementation Is Key

by connect@thofgr.comMarch 30, 2019March 30, 2019Leave a comment

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Category: Government of India

#BoycottJio Controversy: No More Than A Storm In A Teacup

Reliance Jio, Microsoft Partner To Bring Azure Cloud To Jio’s Data Centers

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