Is Reliance Jio Shaping the Future of Digital India?

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…

What Next For Cash-Rich Jio?

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…

Reliance-Owned Jio Platforms To Beef Up Its Capabilities With Qualcomm’s Investment

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…

Jio Ready With 5G Solution, Ropes In Google For Affordable Smartphone

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…

Google To Invest Rs 33,737 Crore For 7.73% Stake In Jio Platforms

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…

For Home Grown 5G, RJio Bets On Free Platform Open RAN

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…

From Jio Glass To 5G Network, Reliance’s New Announcements Hint At Its Ambition To Dominate Everything Digital

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,…

Mukesh Ambani Gave Google And Facebook A Discount On Reliance Jio Stake ⁠— Here’s Why

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…

Google Invests In India’s Red-Hot Jio Platforms To Build Cheap Cellphones

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,"…

Qualcomm Brings DeepTech, Device, And Startup Prowess To Jio

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…

Intel Capital invests USD 254 million in Reliance’s Jio Platforms

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…

Intel Will Help Jio Platforms Expedite On Its “Compute To Cloud” Vision

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…