Google has been reportedly in talks with Vodafone Idea for buying a 5 per cent stake in the second largest telecom operator in India. However, Vodafone Idea on Friday clarified with the Bombay Stock Exchange that it is evaluating various…
Tag: GDPR
Microsoft, Saudi Fund May Pick Up Stake In Jio
Smelling opportunity in crisis is, perhaps, an important virtue of the greats and Mukesh Ambani’s fast-growing Jio Platforms is beginning to stand testimony to the same. After attracting investments worth $10 billion (Rs 78,562 crore) in just over a month,…
Google’s Investment In Vodafone Idea Can Create Next Big Digital Ecosystem
A potential investment in Vodafone Idea by global technology giant Google will further heat up the race to create the next big connected digital ecosystem in India, analysts feel. #mc_embed_signup{background:#ece9fb; clear:left; font:14px Helvetica,Arial,sans-serif; width:100%;} /* Add your own Mailchimp form…
Google Wants In On The Indian Telecom Sector, Explores Stake With Vodafone Idea
On May 28, 2020, Financial Times reported that Google is exploring a stake in Vodafone Idea Limited (VIL) to further its India presence. This news comes close on heels to the recent spate of investments in Jio Platforms, a wholly-owned…
From Reliance Smart To JioMart: A Move Rather Smart
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Jio Mart’s Policy On Privacy, Data Handling May Need Revisit
Jio Mart, Reliance Retail’s answer to Amazon and Grofers, went national Saturday. Given that its success, if it happens, will also depend on sister concern Jio Platforms’ 380 million and growing subscriber base, there are concerns around how privacy and…
JioMart Launches In 200 Locations As Reliance Takes On Bigbasket, Amazon, Others In eCommerce
Less than a month after starting a WhatsApp Ordering Service in Navi Mumbai, Reliance has rolled out JioMart widely. The ecommece platform, which Reliance calls a "single virtual store", will deliver products in 200 towns and cities in India, including…
RIL’s Ambitions For Jio Are Broader And Deeper Than What Meets The Eye [Updated on May 22, 2020]
Updated on May 22, 2020 to include analysis on investments from KKR & Co. The last 4 weeks have been a rather busy one for Reliance Industries Limited (RIL). In a span of 30 days, the company has announced five…
A Round-Up Of All Reliance Jio Investments And What Follows
Mukesh Ambani’s Reliance Jio platform saw a lot of cash inflow into the company. Unlike its competitors, the telecom giant saw a surge of investors. It is venturing into own operating systems, music, OTT and digital payments. After Facebook‘s $5.7…
Facebook Takes Another Shot At eCommerce With Shops Platform
Taking cues from many tech giants, Facebook is now trying to get small businesses to sell directly from its platform. The feature, called Shops, will be rolling out to both Facebook and Instagram and allows pretty much anyone to set…
After Facebook, Microsoft Mulling Investment In Reliance Jio
For the past few weeks, speculations are rife in trading circles regarding a mega-investment deal between Microsoft and Reliance Jio. Observers of the stock market foresee a considerable investment by Microsoft in the telecom giant. Before buying stakes in a…
4 Weeks, 4 Investments, 4 Majors, USD 9B In Jio Platforms And RIL Isn’t Done Yet!
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General Atlantic Invests $870M In Reliance’s Jio Platforms In Its Largest Asia Deal
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
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
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?
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…
Airtel-ZEE5 Extend Partnership As Telcos Inch Towards Bundled App Ecosystem
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
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
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
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
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
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
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
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
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
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Reliance Jio Connects With Facebook For $5.7 Billion Equity Deal
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
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
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PSB Consolidation May Shrink IT Firms’ Business
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,…