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Saudi Arabia's Public Investment Fund to invest Rs 11,367 cr in Jio Platforms

MUMBAI: Reliance Industries Limited (“Reliance Industries”) and Jio Platforms Limited (“Jio Platforms”), India’s leading digital services platform, today announced an investment of Rs 11,367 crore by The Public Investment Fund (“PIF”). This investment values Jio Platforms at an equity value of Rs 4...

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Airtel acquires strategic stake in ed-tech startup Lattu Kids

MUMBAI: Bharti Airtel (“Airtel”) has acquired a strategic stake in Edtech startup Lattu Media Pvt Ltd (“Lattu Kids”) as part of the Airtel Startup Accelerator Program. Mumbai based Lattu Kids specializes in digital learning tools for children. Its highly popular Lattu Kids app focuses on improving...

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Jio Platforms attracts two new global investors TPG, L Catterton

MUMBAI: Reliance Industries Limited’s biggest bet for future, Jio, has attracted ten investors in the last two months. Two more global investors TPG and L Catterton have acquired stakes in Jio Platforms on Saturday. With these two investments, Jio Platforms has raised Rs 104,326.95 crore from...

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Thailand PM leads national committee to promote 5G development

MUMBAI: A 26-member national 5G committee has been formed with Thailand Prime Minister Prayut Chan-o-cha as chairman to coordinate the 5G development and boost the digital economy in the country. The committee is also tasked with mitigating obstacles regarding the recall of unused spectrum, from...

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Airtel digital TV revenue up 16.9% in Q4

Bharti Airtel on Monday posted its fourth quarter results for the fourth quarter of financial year 2019-20. While revenue was up seven per cent at Rs 23,723 crore on a quarter-on-quarter basis, it has registered a consolidated loss of Rs 5,237 crore year-on-year.

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