Reliance Industries has raised INR 1.75 lakh crore against its debt of INR 1.61 lakh crore to become net debt-free, much ahead of the March 2021 deadline set by the company
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.
Jio Platform has raised a total of INR 60,596.37 crore from leading technology investors-Facebook, PE firm Silver Lake and Vista-in less than three weeks
According to a report by The Financial Times, the Menlo Park, California-based tech giant is close to signing a preliminary deal for a 10 per cent share in the telecom company.
The brand's e-commerce push with a strong focus on building a strong consumer base and delivery network led to this jump, according to a report released by Deloitte India, a consultancy service company.
The last few months have brought the telcos under massive pressure with regulatory hurdles and an adverse court judgment resulting in massive losses for some in the last reported quarter. In order to ease some of the pressure, all the major operators have announced tariff hikes for prepaid customers.
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!