Jio Platforms

Jio Platforms News

Meta, Jio Platforms collaborate to launch JioMart on WhatsApp
Business

Meta, Jio Platforms collaborate to launch JioMart on WhatsApp

Speaking at the 45th AGM of Reliance Industries, Isha Ambani, gave a presentation on placing online grocery orders using WhatsApp (Meta-owned platform) and making payments

All you need to know about Tata Neu, the super app that’ll take on Amazon
India

All you need to know about Tata Neu, the super app that’ll take on Amazon

Tata Group’s super app will be launched on 7 April. Tata Neu will bring all of the conglomerate’s services – airlines, hotels, medicines, groceries, and apparel – in one place

Jio Platforms net profit rises 8.8% to Rs 3,795 crore in December quarter
Business

Jio Platforms net profit rises 8.8% to Rs 3,795 crore in December quarter

Gross revenue from operations increased by 5.76 per to Rs 24,176 crore from Rs 22,858 crore in the October-December 2020 period

Digital shopping on JioMart via WhatsApp is easy to use, stress-free: Isha and Akash Ambani
India

Digital shopping on JioMart via WhatsApp is easy to use, stress-free: Isha and Akash Ambani

In a conversation with Meta Chief Business Officer Marne Levine, Akash and Isha Ambani, Directors, Jio Platforms, share how JioMart’s experience through WhatsApp is ‘conversational' and what lies ahead for retailers in India's e-commerce journey

RIL AGM 2021: Mukesh Ambani unveils Rs 75,000-cr mega plan to put India on global solar, hydrogen energy map
Business

RIL AGM 2021: Mukesh Ambani unveils Rs 75,000-cr mega plan to put India on global solar, hydrogen energy map

RIL AGM 2021: Reliance Industries chairman Mukesh Ambani said that the company will build solar manufacturing units, a battery factory to store energy, a fuel cell-making factory and an electrolyser unit to produce green hydrogen as a part of the business

Mark Zuckerberg, Mukesh Ambani discuss WhatsApp-Jio impact, future of tech in India: Read full transcript
News & Analysis

Mark Zuckerberg, Mukesh Ambani discuss WhatsApp-Jio impact, future of tech in India: Read full transcript

RIL chairman Mukesh Ambani says that the next few decades will be historic in India’s digital transformation.

Silver Lake to invest Rs 7,500 cr in Reliance Retail for 1.75% stake; private equity firm holds 2.08% in Jio Platforms
Business

Silver Lake to invest Rs 7,500 cr in Reliance Retail for 1.75% stake; private equity firm holds 2.08% in Jio Platforms

With this deal, Jio Platforms and Reliance Retail now account for over Rs 9 lakh crore of RIL's valuation.

RIL AGM 2020: Mukesh Ambani says capital raise complete, Reliance will now focus on adding strategic partners
India

RIL AGM 2020: Mukesh Ambani says capital raise complete, Reliance will now focus on adding strategic partners

The company's newly launched video-conferencing app JioMeet been downloaded by over 500 million users.

RIL AGM 2020: Google to pick up 7.7% stake in Jio; Saudi Aramco deal on hold due to pandemic, says Mukesh Ambani
India

RIL AGM 2020: Google to pick up 7.7% stake in Jio; Saudi Aramco deal on hold due to pandemic, says Mukesh Ambani

With Google coming on board, Reliance has completed its target of capital raising for Jio Platforms, Ambani said.

Google to invest Rs 33,737 crore in Jio platforms for 7.7 percent stake: RIL chairman Mukesh Ambani
News & Analysis

Google to invest Rs 33,737 crore in Jio platforms for 7.7 percent stake: RIL chairman Mukesh Ambani

This takes the cumulative fundraising by Reliance in less than three months to Rs 2,12,809 crore.

Qualcomm to invest Rs 730 crore in Jio Platforms for 0.15% stake; 13th such investment in 12 weeks
News & Analysis

Qualcomm to invest Rs 730 crore in Jio Platforms for 0.15% stake; 13th such investment in 12 weeks

The deal with Qualcomm—the 13th such investment in 12 weeks—takes the total stake that Reliance sold in Jio Platforms to 25.24 percent.

Intel to acquire 0.39% stake in Jio Platforms for Rs 1,895 cr; will be 12th firm to invest in Reliance Industries' digital arm
India

Intel to acquire 0.39% stake in Jio Platforms for Rs 1,895 cr; will be 12th firm to invest in Reliance Industries' digital arm

The Intel deal values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

Reliance Industries becomes debt-free after 11 financial investors pick up shares in Jio Platforms, rights issue subscribed 1.59 times
India

Reliance Industries becomes debt-free after 11 financial investors pick up shares in Jio Platforms, rights issue subscribed 1.59 times

RIL raised more than Rs 168,818 crore in just 58 days through Rs 115,693.95 crore collected from investors in Jio and another Rs 53,124.20 crore from a rights issue.

L Catterton becomes tenth investor in Jio Platforms, picks 0.39% stake for Rs 1,894.5 crore; RIL's digital arm raises 1.04 lakh crore in seven weeks
Business

L Catterton becomes tenth investor in Jio Platforms, picks 0.39% stake for Rs 1,894.5 crore; RIL's digital arm raises 1.04 lakh crore in seven weeks

L Catterton, a consumer-focused private equity firm, picked 0.39 percent stake in Jio Platforms with an investment of Rs 1,894.50 crore, becoming the tenth investor in the Reliance Industries Limited's digital arm in seven weeks

TPG picks 0.93% stake in Jio platforms for Rs 4,546.80 crore; Reliance unit's total fundraising reaches 1.02 lakh crore
Business

TPG picks 0.93% stake in Jio platforms for Rs 4,546.80 crore; Reliance unit's total fundraising reaches 1.02 lakh crore

Global alternative asset firm TPG has bought 0.93 percent stake in Reliance's digital arm Jio Platforms for Rs 4,546.80 crore

Abu Dhabi Investment Authority to invest Rs 5,683.5 crore into Jio Platforms; RIL unit has raised nearly Rs 1 lakh crore in past 7 weeks
Business

Abu Dhabi Investment Authority to invest Rs 5,683.5 crore into Jio Platforms; RIL unit has raised nearly Rs 1 lakh crore in past 7 weeks

The series of investments in Jio, which runs movie, news and music apps as well as the telecom company Jio Infocomm, was led by a 9.99 percent stake sale to Facebook Inc for Rs 43,574 crore on 22 April.

Abu Dhabi fund Mubadala to invest Rs 9,093 cr in Jio Platforms; becomes sixth investor in Reliance Industries unit in as many weeks
Business

Abu Dhabi fund Mubadala to invest Rs 9,093 cr in Jio Platforms; becomes sixth investor in Reliance Industries unit in as many weeks

The deals underline the status of Jio Platforms as a tech powerhouse and its ability to dominate India’s booming digital economy.

Vodafone Idea issues clarification: No proposal from Google on investment, says telecom major; evaluating various opportunities
Business

Vodafone Idea issues clarification: No proposal from Google on investment, says telecom major; evaluating various opportunities

Vodafone Idea said currently there is no proposal as reported by the media that is being considered at the Board

Google mulling stake in Vodafone Idea positive, but inadequate to solve telcos' debt woes: Analysts
Business

Google mulling stake in Vodafone Idea positive, but inadequate to solve telcos' debt woes: Analysts

A potential investment by Google into cash-strapped Vodafone Idea (VIL), if materialises, will be a strategic positive for the Indian telecom operator, but a five percent stake would be still be inadequate to solve the telcos' debt problems, analysts said on Friday