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...
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...
