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India's most valuable company Reliance Industries Limited (RIL) is reportedly the latest bidder for the Bytedance-owned TikTok in India. The Mukesh Ambani-led firm had begun talks last month with the Chinese firm to acquire its operations in India. The deal…
Read More Reliance Likely To Acquire TikTok In India For $5 billion
Reliance Industries Ltd could gain a deeper connection with consumers by acquiring TikTok in India, but its existing strategic partnership with Facebook — which owns Instagram — could put the deal under the scrutiny of the Competition Commission of India,…
Read More Does Acquiring TikTok In India Make Sense For RIL?
India’s struggle against the COVID-19 pandemic hasn’t stopped the deal making spree at Reliance Industries. As the country slows down, Mukesh Ambani’s conglomerate by sales and market capitalization has only seemed to speed up. In fact, some critics point out that Reliance…
Read More Is Reliance Jio Shaping the Future of Digital India?
Raising $15 billion through 11 deals over three-months in a normal environment is impressive for any company. But, doing it during a global pandemic when stock markets are fluctuating, confidence in investing is low and the effects of said pandemic…
Jio Platforms, the digital arm of India’s largest conglomerate Reliance Industries, which has raised USD 15.7 billion in the last 12 weeks from 11 high-profile investors, has got American chipset maker Qualcomm as its newest backer. According to Sanchit Vir…
Read More Reliance-Owned Jio Platforms To Beef Up Its Capabilities With Qualcomm’s Investment
Mukesh Ambani unveiled his blueprint to build a complete technology ecosystem around Jio Platforms that includes developing India’s first 5G network solutions and affordable 4G smartphones in partnership with global giants such as Facebook, Qualcomm, Intel and Google. "The decision…
Read More Jio Ready With 5G Solution, Ropes In Google For Affordable Smartphone
Reliance Industries (RIL) Chairman Mukesh Ambani on Wednesday announced a strategic partnership with Google and development of in-house 5G solutions, in a bid to win over new customers and create a platform for future growth. "The decision by Google to invest in Jio is a…
Read More Google To Invest Rs 33,737 Crore For 7.73% Stake In Jio Platforms
Mukesh Ambani’s plans to build home-grown 5G network solution is based on an open source telecom platform called Open RAN. This network platform, similar to how open source software became a game changer in the 1990s, attempts to build telecom…
Read More For Home Grown 5G, RJio Bets On Free Platform Open RAN
When Mukesh Ambani—the world’s sixth-richest person—and chairman and managing director of India’s largest conglomerate, Reliance, made a slew of big announcements during the company’s 43rd annual general meeting (AGM) on Wednesday, his message was clear: Reliance would dominate everything digital, including 5G, smartphones,…
During the Reliance Annual General Meeting, Chairman Mukesh Ambani announced that Google has invested ₹33,737 crore in Jio Platforms for a 7.7% stake. Google became the second largest investor in Jio after Facebook which has a 9.9% stake in the…
Read More Mukesh Ambani Gave Google And Facebook A Discount On Reliance Jio Stake — Here’s Why
On Wednesday, Chairman of Reliance Industries Limited Mukesh Ambani announced that Google will invest $4.5 billion to take a 7.7% stake in Jio Platforms, the telecoms and digital arm of Ambani’s vast Reliance conglomerate. "This is a marriage of equals and hence of massive possibilities,"…
Read More Google Invests In India’s Red-Hot Jio Platforms To Build Cheap Cellphones
In 2014, even before he became the CEO of Google, Chennai-born Sundar Pichai had envisioned Google placing big bets on India. Back then he had predicted that the growth in internet user base would make India not only a huge…
Read More Why Has Google Made A $10 Billion Bet On India Now
Google’s chief executive Sundar Pichai pledged to spend $10 billion in India over the next 5-7 years to get more businesses and people online, the internet giant’s biggest bet yet to tap one of the world’s fastest growing internet markets. Sanchit Vir…
Read More Bullish Google Looks To Invest $10 Billion Over 7 Years To Digitize India
On July 12, 2020, Reliance Industries Limited (RIL) announced Qualcomm Ventures decision to invest INR 730 Crore for 0.15% equity stake in Jio Platforms, a wholly-owned subsidiary of RIL. Qualcomm Ventures has invested at an Equity Value of Rs 4.91…
Read More Qualcomm Brings DeepTech, Device, And Startup Prowess To Jio
Updated on July 13, 2020 The last 2+ months have been a rather busy one for Reliance Industries Limited (RIL). The company has announced twelve big investment deals - from Facebook, Silver Lake Partners, Vista Equity Partners, General Atlantic, KKR…
Read More RIL’s Ambitions For Jio Are Broader And Deeper Than What Meets The Eye
On June 29, 2020, the Government of India announced a ban on 59 apps of Chinese origin. In the long list of apps, many applications are unheard of, and it includes famous applications called TikTok, CamScanner and a few others…
Read More China Complaining About Its Apps Being Banned Is As Good As Irony Gets
Reliance Industries, India’s largest company in terms of market capitalization, on Friday, said Intel Capital has invested USD 253.6 million in its digital arm Jio Platforms for a stake of 0.39%. This essentially means the investment arm of the American…
Read More Intel Capital invests USD 254 million in Reliance’s Jio Platforms
On July 03, 2020, Reliance Industries Limited (RIL) announced Intel Capital's decision to invest INR 1,894.50 Crore for 0.39% equity stake in Jio Platforms, a wholly-owned subsidiary of RIL. Intel Capital has invested at an Equity Value of Rs 4.91…
Read More Intel Will Help Jio Platforms Expedite On Its “Compute To Cloud” Vision
Twitter Chronicles is an effort by Greyhound Research to share with its readers and subscribers a collection of the most relevant tweets on a given topic. This post will include both the tweets sent out by our analysts and responses we…
Read More India Bans 59 Chinese Apps – A Bold But Pragmatic Decision
The partnership between Reliance Jio Infocomm Limited and Facebook as well as the reported interest of Google in Vodafone-Idea and Amazon starting early investment talks with Bharti Airtel (although both telecom companies denied the reports), are developments poised to blur…
Read More How Tech & Telecom Majors Joining Hands Will Change Content Delivery
Jio Platforms is on a tear. The telecoms and digital arm of the Indian conglomerate Reliance Industries Limited (RIL) has raised $15.2 billion in 11 deals over two months amid a worldwide pandemic. “RIL seems to have mastered [dealmaking] better than…
Read More 11 Deals For $15 Billion In 10 Weeks: Why India’s Jio Platforms Is On An Investment Spree
With everyone clamoring to own a piece of Jio Platforms Ltd., owner of India's largest mobile operator, Jio's parent company may be eyeing an overseas listing. In the next one-to-two years leading up to the IPO, Jio will significantly ramp…
Read More Analysts Tout Benefits Of Possible US IPO For India’s Jio Amid Investment Boom
India’s top telecom companies—Jio Platforms, Bharti Airtel, Vodafone Idea and the state-run BSNL—are in the midst of a phase they have not seen in years. A series of investments flowing into the leading player Reliance Industries Limited’s (RIL) Jio Platforms…
Read More What’s Next In The Jio-Vodafone-Bharti Airtel Rivalry?
Reliance Industries Limited has played many a masterstroke in the past 2 months. The company has managed to attract 10 strategic investments (from a total of 9 investors) and has raised US 14 Bn by divesting 22.38% in Jio Platforms.…
Read More What Value Does Each Investor Bring To Jio Platforms?
Jio Platforms has raised a whopping USD 13.7 billion from global investors in less than eight weeks, a feat probably no other seven-month-old company has ever achieved anywhere in the world. Experts believe that it is Jio Platforms’ ability…
Read More Making Sense of Reliance-Owned Jio Platforms’ Fundraising Spree
Jio Platforms has only been around in its current form since November, yet the digital arm of oil-to-retail giant Reliance Industries – whose chairman Mukesh Ambani is India’s richest man – has attracted almost US$13.5 billion in investment in the past eight weeks…
Read More In India, a Facebook-led investment spree for Mukesh Ambani’s Jio Platforms
A lot has been written about Jio Platforms and how RIL has created history by attracting investments worth INR 1 Trillion in less than 2 months. While RIL has been hugely successful so far with Jio, a large part of…
India's wealthiest man, Mukesh Ambani, may be successful in listing his four-year-old tech commerce-telecom venture, Jio in foreign exchanges, all thanks to $12.5 billion (Rs 92,202 crore) funding raised in just over one and a half months. “The second…
India’s richest man Mukesh Ambani may soon be successful in listing his four-year-old telecom venture Jio in foreign exchanges thanks to the $12.5 billion (Rs 92,202 crore) funding the company has raised in a little over one and a half…
Read More US Listing And A $100 Billion Valuation For Reliance Jio Likely?
In the past five weeks, amid global economic turmoil, some of the world's largest investors have poured a combined $10 billion into Jio Platforms, an Indian tech company poorly understood outside the country. But why — and why now? Sanchit…
