General Atlantic invests Rs 6,600 cr in Reliance Jio; with investments from Facebook, Silver Lake, Vista Equity, platform raises Rs 67,194 cr in under 4 weeks
Jio Platforms on Sunday announced that it has sold a 1.34 percent stake to New York-based private equity firm General Atlantic for nearly Rs 6,600 crore, making it the fourth such stake sale in the last four weeks.
Reliance Industries to sell $750 million stake in Jio Platforms to Silver Lake, on track to cut debt
India’s Reliance Industries Ltd said on Monday private equity firm Silver Lake will invest nearly $750 million in its digital arm, days after securing a $5.7 billion investment from Facebook Inc, boosting its efforts to cut debt
Reliance Jio-Silver Lake Rs 5,656 cr deal: Investment values Jio Platforms at enterprise value of Rs 5.15 lakh cr; other key highlights
Silver Lake - one of the world's largest tech investors - on Monday agreed to invest Rs 5,655.75 crore to buy a 1.15 percent stake in billionaire Mukesh Ambani's digital unit that houses India's youngest but biggest telecom firm
Dr Hari Krishna Maram was conferred with the award by Sri Jagadish Shettar, Former Chief Minister of Karnataka and Honorable Minister of Large and Medium Scale Industries & Mr Syed Kirmani
Domestic telecom gear makers seek a Rs 10,000 crore line of credit facility from the government in the upcoming budget to bring them at par with foreign competitors, according to a wishlist submitted by the telecom committee at PHD Chamber of Commerce and Industry
Budget 2020: As India sees slowest economic growth in 11 years, here's what startups need to flourish
In 2014, PM Modi launched Startup India and Funds of Fund for the newest sector of the economy but that is not enough.
All villages connected through BharatNet to get free Wi-Fi till March 2020: IT Minister Ravi Shankar Prasad
Currently, 48,000 villages connected under the BharatNet project have Wi-Fi access.
BharatNet implementation has been slow, riddled with shortcomings; needs urgent remedial action to democratise internet access
Bharat Broadband Network Limited should function as a coordinating authority, rather than performing full implementation functions.
Nirmala Sitharaman holds first pre-Budget consultations with representatives of digital economy, startups
Sitharaman is likely to present her second Budget for the Modi 2.0 government in Parliament on 1 February.
Airtel, Vodafone Idea new rates effective from today: Tariff hike good for customers; to boost govt revenue, create jobs, says COAI
This is the first hike in the past five years in the country's telecom space that was facing tariff war, with voice calls becoming almost free in 2016 and steep 95 percent fall in data prices to Rs 11.78 per GB at present from Rs 269 per GB in 2014
Ever since WhatsApp Business has gone live, around 1 million small and medium businesses have registered on WhatsApp Business in India.
Reliance Jio says 'Digital India' mission possible only if country is made 2G-mukt; says it will comply with regulatory regime
Jio further said that the exercise requires continued investment at an industry level.
China downplays India's decision not to sign RCEP trade deal, says member nations ready to address New Delhi's concerns
China on Wednesday played down India's decision not to join the mega RCEP trade deal, saying the members of the grouping are prepared to work together to address New Delhi's concerns
Walking out of RCEP deal wasn't a 'bold decision', it was induced by fear of competition and will end up only harming India in long run
RCEP deal: It is strange to call a decision a metric of 'strength', that has been taken out of fear. Regardless of the Opposition's or government's narrative, the fact remains that India's move to walk out of RCEP deal was borne out of worry against competition.
SC ruling on AGR: Telecom industry body COAI ignores Jio's protest; seeks waiver of all past statutory dues for Airtel, Vodafone Idea
Jio says COAI shot off the first representation to the government on 30 October without waiting for its comments.
Digital India initiative should be leveraged to transform rural India and create avenues for those in smaller towns and cities, IT Minister Ravi Shankar Prasad said on Monday
Reliance Jio and Samsung have built the world’s largest green-field and all IP based 4G LTE network.
Finance Minister Nirmala Sitharaman to inaugurate national tax e-assessment centre today; aims at reducing taxpayer grievances
Under the new system, taxpayers will receive notices on their registered e-mails as well as on registered accounts on the web portal www.incometaxindiaefiling.gov.in with real-time alert
The free utility service is reportedly being called RailWire and is available at 71 railway stations.
Amit Shah says next Census in 2021 will be done digitally, proposes multipurpose ID card for NPR rollout
Meanwhile, the Home Secretary also urged caution while using technology for data collection.