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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…
Read More General Atlantic Invests $870M In Reliance’s Jio Platforms In Its Largest Asia Deal
COVID19 is a watershed moment, and a new set of realities are emerging as a consequence. Fact is, the impact of this pandemic will be felt in ripples that will hit us well after it is over. Like it or not,…
Many Indians and foreign citizens planning to fly out in one of the special flights arranged by the government are fighting against all odds to book a ticket, which includes an inefficient and snag-prone Air India website. Many have stormed…
Read More Air India’s Website A Major Hurdle For Those Trying To Fly Out
Some startups aim to have most of their employees work permanently from home, in the wake of tech giants Facebook, Google, and Twitter announcing such measures for their employees till 2021. “COVID19 is a watershed moment, and a new set…
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Information Technology spending this year will likely fall as organisations trim investments in technology in the wake of the Covid-19 pandemic-led slowdown, analysts said. Other analysts, however, said hardware deals were still being signed, but not at the same pace…
Read More Indian IT Leans On Govt Spends, Managed Services As Deals Slow
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…
Indian IT services companies are betting on generating revenues from their digital business which has seen growth despite the slowdown amid the covid-19 crisis. While each company defines “digital" in slightly different ways, areas like cloud, cyber security, and data…
Read More IT Services Companies Bet On Digital Amid Business Slowdown
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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…
Read More What Makes Jio Platforms Command a INR 5 Trillion Valuation
IT services companies may see business from US retailers fall sharply, as some non-essential and luxury brands shut stores and furlough employees, analysts said. Infosys, Cognizant, Tata Consultancy Services and Wipro service the retail sector in the US and analysts…
Read More Slowdown In America’s Retail Sector To Hit Indian IT Firms
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…
Read More JioMart’s Jio Moment – Can The RIL Company Disrupt Indian Retail?
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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.…
Read More Airtel-ZEE5 Extend Partnership As Telcos Inch Towards Bundled App Ecosystem
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.…
Read More Airtel Selects IBM And Red Hat To Build 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…
Read More Airtel Selects IBM And Red Hat To Build 5G-Ready Open Hybrid Cloud Network
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 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…
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…
Read More 3 Deals In 3 weeks: Vista Equity Now Invests $1.5 Billion In Reliance Jio
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…
Read More Vista Stake Caps $8 Billion Deal Run for Asia’s Richest Man
Even as India entered lockdown, there was a surge in the number of deals. On offer were huge discounts, easy financing terms, buy-now-pay-later schemes, and free three-month trials. The catch: These deals were not from real estate, telecom, or e-commerce,…
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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…
Read More Silver Lake Checks Into Jio Platforms, Snaps Up 1.15% For Over Rs 5,600 cr
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…
Read More PE Giant Silver Lake That Backed Alibaba, Airbnb, Others Takes Reliance Jio Closer To IPO
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Read More Silver Lake Investment A Shot In The Arm For Jio Platforms
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Nobody wants to be slotted or be identified as a specific type of individual. But the fact is, we are all, a particular type. We all have our strengths, our quirks, and a lot more that allows those around us…
Read More COVID-19 Is Evolving Quick, So Should You Dear Technology Decision-Maker
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India's IT and ITES sector spearheading the work from home (WFH) model is set to usher in a radical restructuring of business models that will transform everything from collapsing management hierarchies, expenses on commercial real estate to the hiring of…
Read More IT, ITES Work From Home Set To Spearhead New Corporate Business Models
