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JioFinance App With UPI, Utility Payments and Loan Functionality Launched in India
The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app, which is now available widely for users in the country, offers facilities such as carrying out UPI transactions, monitori...
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Reliance's Jio Platforms Clears Hurdle in Bid to Launch Satellite Internet in India
A joint venture between Reliance Industries' Jio Platforms and Luxembourg-based SES to provide gigabit fibre internet has won approval from the Indian space regulator to operate satellites there, a government executive said.
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Airtel to Complete 5G Rollout in Urban Areas in 2023; Expects Network Investment to Be Around Rs. 28,500 Crore
Bharti Airtel expects to complete the 5G rollout in urban areas and some key rural pockets this year and expects the investment in networks to hover around Rs. 28,500 crore, a senior official of the company said on Wednesday.
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Jio True 5G Services Now Launched in Uttarakhand, Rs. 650 Crore Invested for Standalone 5G Network in the State
Reliance Jio announced the launch of its True 5G services in Uttarakhand from Dehradun on Wednesday. Apart from the existing investment of Rs. 4,950 crore, a company's spokesperson said Jio would additionally invest over Rs. 650 crore on the deployment of standalone 5G network in Uttarakhand.
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Jio True 5G Launched in Guwahati, Reliance Said to Invest Rs. 2,500 Crore More to Deploy 5G in Assam
Assam Chief Minister Himanta Biswa Sarma on Tuesday launched Jio True 5G services at Guwahati in Assam at an event in the city. Alongside its True 5G services that were launched in Guwahati, Jio also started its True 5G-powered Wi-Fi services at Maa Kamakhya Temple complex in Guwahati on Tuesday, according to a statement from the telecom firm. ​
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5G Services in India to Attract Rs. 1.5 Lakh Crore in Investments in 2023, Tariff Hikes Likely: Report
From connecting people with 5G services to lowering the cost of operations, the country's revitalised telecom sector is witnessing the bloom of reforms, and is reportedly said to attract more than Rs. 1.5 lakh crore investments to build up networks in the new year.
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5G Spectrum Auction Undergoes Fifth Round of Bidding, Services to Roll Out in September
5G spectrum auction in currently undergoing the fifth round of bidding as firms run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani as well as Vodafone Idea have invested huge sums. According to telecom Minister Ashwini Vaishnaw, the response on the first day exceeded all expectations.
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Bharti Airtel Allots 1.2 Percent Equity Shares to Google for $700 Million
Telecom operator Bharti Airtel on Thursday said it has allotted over 7.1 crore equity shares to internet major Google for Rs. 730Â apiece. The allotment is part of Google's commitment to invest $1 billion (nearly Rs. 8,000 crore) with Airtel, which included equity investment in the company worth $700 million (nearly Rs. 5,600 crore), Airtel said in...
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Reliance Fined for Not Promptly Disclosing 2020 Facebook $5.7 Billion Deal
Reliance Industries and two of its compliance officers were fined for violating fair disclosure norms during Facebook's 2020 investment in its digital unit in 2020. SEBI said Reliance did not disclose the deal even after newspaper reports in March 2020 published price-sensitive details about the imminent investment that led to a spike in its shares...
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Jio Platforms Invests $200 Million in InMobi's Lock Screen Content Company Glance
Reliance Industries is investing $200 million in Glance, a lock screen content company backed by Alphabet and owned by ad-tech firm InMobi, to bring the service to new Jio smartphones this year, the companies said on Monday.
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Google to Invest $1 Billion in Partnership With Airtel to Help Grow India’s Digital Ecosystem
Google will invest up to $1 billion (roughly Rs. 7,510 crore) in Airtel in a move that could help bolster the Indian telecom operator's digital offerings, the companies said.
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Google Expands India Cloud Services With New Infrastructure Push, Will Open More Data Centres in New Delhi
Google is ramping up cloud infrastructure in India with a second cluster of data centres in and around capital New Delhi to meet increasing customer demands in a key growth market, senior company executives said.
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Reliance AGM 2021: Mukesh Ambani Announces Rs. 75,000-Crore Investment to Set Up 'Giga Factories' for Clean Energy
Reliance will invest Rs. 75,000 crores in clean energy and set up Giga factories to make solar photovoltaic cells, green hydrogen, batteries, and fuel cells over the next three years, CEO Mukesh Ambani announced on Thursday, June 24 at the Reliance AGM 2021.
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Facebook Said to Be Questioned on WhatsApp’s Privacy Terms by Parliamentary Panel
Facebook executives will field questions from a parliamentary panel about the changes to WhatsApp's privacy, a source said, days after the messaging platform was asked by the country's technology ministry to withdraw them.
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Reliance Retail to Receive Rs. 7,350 Crore Investment From GIC, TPG Capital
Reliance Industries Ltd (RIL) said on Saturday Singapore sovereign wealth fund GIC and global private equity firm TPG Capital invested a combined Rs. 7,350 crore (about $1 billion) in its retail unit.
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JioFinance App With UPI, Utility Payments and Loan Functionality Launched in India
The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app, which is now available widely for users in the country, offers facilities such as carrying out UPI transactions, monitori...
-
Reliance's Jio Platforms Clears Hurdle in Bid to Launch Satellite Internet in India
A joint venture between Reliance Industries' Jio Platforms and Luxembourg-based SES to provide gigabit fibre internet has won approval from the Indian space regulator to operate satellites there, a government executive said.
-
Airtel to Complete 5G Rollout in Urban Areas in 2023; Expects Network Investment to Be Around Rs. 28,500 Crore
Bharti Airtel expects to complete the 5G rollout in urban areas and some key rural pockets this year and expects the investment in networks to hover around Rs. 28,500 crore, a senior official of the company said on Wednesday.
-
Jio True 5G Services Now Launched in Uttarakhand, Rs. 650 Crore Invested for Standalone 5G Network in the State
Reliance Jio announced the launch of its True 5G services in Uttarakhand from Dehradun on Wednesday. Apart from the existing investment of Rs. 4,950 crore, a company's spokesperson said Jio would additionally invest over Rs. 650 crore on the deployment of standalone 5G network in Uttarakhand.
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Jio True 5G Launched in Guwahati, Reliance Said to Invest Rs. 2,500 Crore More to Deploy 5G in Assam
Assam Chief Minister Himanta Biswa Sarma on Tuesday launched Jio True 5G services at Guwahati in Assam at an event in the city. Alongside its True 5G services that were launched in Guwahati, Jio also started its True 5G-powered Wi-Fi services at Maa Kamakhya Temple complex in Guwahati on Tuesday, according to a statement from the telecom firm. ​
-
5G Services in India to Attract Rs. 1.5 Lakh Crore in Investments in 2023, Tariff Hikes Likely: Report
From connecting people with 5G services to lowering the cost of operations, the country's revitalised telecom sector is witnessing the bloom of reforms, and is reportedly said to attract more than Rs. 1.5 lakh crore investments to build up networks in the new year.
-
5G Spectrum Auction Undergoes Fifth Round of Bidding, Services to Roll Out in September
5G spectrum auction in currently undergoing the fifth round of bidding as firms run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani as well as Vodafone Idea have invested huge sums. According to telecom Minister Ashwini Vaishnaw, the response on the first day exceeded all expectations.
-
Bharti Airtel Allots 1.2 Percent Equity Shares to Google for $700 Million
Telecom operator Bharti Airtel on Thursday said it has allotted over 7.1 crore equity shares to internet major Google for Rs. 730Â apiece. The allotment is part of Google's commitment to invest $1 billion (nearly Rs. 8,000 crore) with Airtel, which included equity investment in the company worth $700 million (nearly Rs. 5,600 crore), Airtel said in...
-
Reliance Fined for Not Promptly Disclosing 2020 Facebook $5.7 Billion Deal
Reliance Industries and two of its compliance officers were fined for violating fair disclosure norms during Facebook's 2020 investment in its digital unit in 2020. SEBI said Reliance did not disclose the deal even after newspaper reports in March 2020 published price-sensitive details about the imminent investment that led to a spike in its shares...
-
Jio Platforms Invests $200 Million in InMobi's Lock Screen Content Company Glance
Reliance Industries is investing $200 million in Glance, a lock screen content company backed by Alphabet and owned by ad-tech firm InMobi, to bring the service to new Jio smartphones this year, the companies said on Monday.
-
Google to Invest $1 Billion in Partnership With Airtel to Help Grow India’s Digital Ecosystem
Google will invest up to $1 billion (roughly Rs. 7,510 crore) in Airtel in a move that could help bolster the Indian telecom operator's digital offerings, the companies said.
-
Google Expands India Cloud Services With New Infrastructure Push, Will Open More Data Centres in New Delhi
Google is ramping up cloud infrastructure in India with a second cluster of data centres in and around capital New Delhi to meet increasing customer demands in a key growth market, senior company executives said.
-
Reliance AGM 2021: Mukesh Ambani Announces Rs. 75,000-Crore Investment to Set Up 'Giga Factories' for Clean Energy
Reliance will invest Rs. 75,000 crores in clean energy and set up Giga factories to make solar photovoltaic cells, green hydrogen, batteries, and fuel cells over the next three years, CEO Mukesh Ambani announced on Thursday, June 24 at the Reliance AGM 2021.
-
Facebook Said to Be Questioned on WhatsApp’s Privacy Terms by Parliamentary Panel
Facebook executives will field questions from a parliamentary panel about the changes to WhatsApp's privacy, a source said, days after the messaging platform was asked by the country's technology ministry to withdraw them.
-
Reliance Retail to Receive Rs. 7,350 Crore Investment From GIC, TPG Capital
Reliance Industries Ltd (RIL) said on Saturday Singapore sovereign wealth fund GIC and global private equity firm TPG Capital invested a combined Rs. 7,350 crore (about $1 billion) in its retail unit.
