US-Based Intel Capital To Buy Rs 1,895-Crore Stake In Jio Platforms: 10 Things To Know
- This is the twelfth investment in Jio Platforms - which houses telecom major Reliance Jio Infocomm - within 11 weeks.
- In total, Jio Platforms has raised Rs 1,17,588.45 crore since April 22.
- Recent investors in Jio Platforms include US-based Facebook, Silver Lake, General Atlantic and KKR, Abu Dhabi-based Mubadala and Abu Dhabi Investment Authority, and Saudi Arabia's Public Investment Fund.
- “Intel Capital has an outstanding record of being a valuable partner for leading technology companies globally," said Mukesh Ambani, chairman and managing director, Reliance Industries.
- "We are therefore excited to work together with Intel to advance India's capabilities in cutting-edge technologies that will empower all sectors of our economy and improve the quality of life of 1.3 billion Indians,” he added.
- Reliance Industries' shares rose as much as 1.43 per cent to quote at Rs 1,785.65 apiece on the BSE in morning deals.
- At 11:13Â am, the Reliance Industries stock traded 0.68 per cent higher at Rs 1,772.55, outperforming the benchmark Sensex index which was up 0.32 per cent.
- As of Thursday's closing price, Reliance Industries' shares have risen more than 42 per cent since April 22.
- Investments in Reliance Jio along with Reliance Industries' rights issue worth more than Rs 53,000 crore have helped the conglomerate become net debt-free much earlier than its target of March 2021.
- Reliance Industries is now "in its golden decade", Mr Ambani had said last month as his group reached the milestone. "I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of 31st March 2021," he had said.
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High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
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India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
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France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
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You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
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Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
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Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
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India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
