With yet another investment, this time from the Abu Dhabi Investment Authority, the digital unit of Mukesh Ambani-led Reliance Industries has now raised INR 97,885 crore in less than seven weeks.
The success of the rights issue also comes at a time of increasing uncertainty for most businesses in India who have been hurt by the Coronavirus outbreak-enforced lockdown.
Microsoft chief Satya Nadella addressed industry leaders at the Microsoft Future Decoded: CEO Summit event in Mumbai on Monday and also sat down with Reliance Industries chairman Mukesh Ambani.
Under the proposed arrangement, TV18, which runs news channels including CNBC TV18 and CNN News 18, broadband and television provider Hathway Cable and Datacom, and cable TV distribution company Den Networks will merge into Network18.
The increase in the number of secured Internet servers, reliable postal service infrastructure, rising Internet penetration and bank accounts are some of the reasons for the growth of the e-commerce sector in India
It is needless to say that Isha Ambani and Anand Parimal's wedding was a grand affair! What's more is that brought Beyonce, Hilary Clinton and many more stalwarts in one frame!
The latest RIL-inked MoUs represent a positive step towards potentially bettering India's economy with a healthy combination of smart innovations backed by smart funding