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.
MUMBAI: Reliance Industries Ltd and Jio Platforms Ltd announced today that Silver Lake will invest Rs 5,655.75 crore into Jio Platforms. This investment values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5 per cent premium...
MUMBAI: JioMart, Reliance Retail's e-commerce, has gone live on WhatsApp in Navi Mumbai, Thane and Kalyan in Mumbai within days of announcing a tie-up with Facebook’s WhatsApp. This enables grocery shopping easier for people in these regions. JioMart seeks to leverage WhatsApp’s unrivalled reach of...
Facebook has bought a 9.9 per cent stake in Reliance Jio for $5.7 billion (Rs 43,574 crore), the telecom unit of Reliance Industries Ltd (RIL). The multibillion-dollar deal gives the social media giant a firm foothold in a fast-growing massive market and helps the Indian oil-to-telecom conglomerate...
MUMBAI: Bharti Airtel (Airtel), India’s largest integrated telco, today announced its collaboration with Cisco to launch India’s largest 5G-ready, 100G IP and optical integrated network designed to enhance network availability, capacity and scale. The deployment is part of Airtel’s initiative to...
