• Wed. Nov 25th, 2020

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  • Reliance Jio Fiber Trust to Raise $5.4 Billion From Group Firms

Reliance Jio Fiber Trust to Raise $5.4 Billion From Group Firms

Photographer: Dhiraj Singh/Bloomberg Photographer: Dhiraj Singh/Bloomberg A trust that holds Indian billionaire Mukesh Ambani’s fiber-optic assets is raising 397.1 billion rupees ($5.4 billion) through borrowings and stake sales to units…

With Facebook, Google, Ambani’s Jio can be a global tech leader

© Provided by Quartz Billion-dollar investments, marquee shareholders, and a business built without any Chinese footprint, India’s 10-month old Jio Platforms appears to have all the right ingredients to become…

Reliance Jio could launch a $50 Android smartphone in the near future

Reliance Jio is reportedly developing a Rs. 4,000 (~$54) smartphone. It’s expected to come bundled with affordable data and calling plans. Jio is also planning to make around 200 million…