Is Google investing in Jio?
Joining the elite list of investors, such as Facebook, Google has now paid ₹33,737 crores to Jio Platforms Limited, a subsidiary of the Mukesh Ambani-owned Reliance Industries Limited (RIL). With this investment, Google owns a 7.73% stake in Jio.
Why is Google invested in Jio?
Alphabet Inc’s Google paid Rs 33,737 crore to Reliance Industries’ Jio Platforms, as its biggest-ever investment in an Indian company. … The investment is aimed to develop an entry-level affordable smartphone with optimisations to the Android operating system and the Play Store.
Who has invested in Jio?
Before Retail Retail, RIL had raised about Rs 1.52 lakh crore for Jio Platforms from global investors, including Facebook, Google, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, Public Investment Fund of Saudi Arabia, Intel Capital and Qualcomm Ventures, for a total …
Did Mark Zuckerberg invest in Jio?
In April 2020, Facebook purchased a 9.9 percent stake in RIL’s telecom unit Jio for $5.7 billion (Rs 43,574 crore). … Zuckerberg and Ambani were speaking at the Facebook Fuel for India 2020 event.
Does reliance own Jio?
In October 2019, Reliance Industries Limited (RIL) announced the creation of a wholly owned subsidiary for its digital businesses including Jio.
What has Ambani invested?
Billionaire Mukesh Ambani on Thursday announced a ₹75,000 crore investment in setting up four ‘Giga’ factories to make solar photovoltaic cells, green hydrogen, batteries and fuel cells over the next three years.
Is Google investing in India?
Google has committed to invest $10 billion in India over the course of the next few years. Prior to today, the company invested $4.5 billion from this fund in Indian telecom giant Jio Platforms.
How many TV channels Ambani own?
It operates 2 national general news channels and 14 regional general news channels in several languages under the brand of News18.
What is the salary of Jio CEO?
62 % more than the average Founder & CEO Salary in Telecom / ISP Companies. Average Reliance Jio Founder & CEO salary in India is ₹ 73.3 Lakhs for employees with years of experience. Founder & CEO salary at Reliance Jio ranges between ₹ 50 Lakhs to ₹ 100 Lakhs.
Is Google investing in Airtel?
The stock surpassed its previous high of Rs 644 touched on August 16, 2021. … Further, according to a media report, Google is now in talks to make large investments in Airtel, thus boosting the stock further.