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FACEBOOK JIO DEAL
Tap-and-pay takes off; ADIA to trim Lenskart stakeHappy Thursday! Tap-and-pay card usage is on the rise in India despite UPI's dominance. This and more in today’s ETtech Morning Dispatch.- Meta-Reliance AI hub; SAP CEO on India's AI edgeMeta has tapped Reliance for India AI data centre. This and more in today's ETtech Top 5.
- SAT upholds Sebi order penalising RIL, 2 execsThe Securities Appellate Tribunal (SAT) has upheld SEBI's ₹30-lakh penalty on Reliance Industries and two compliance officers for delayed d...
- Sebi slaps Rs 30 lakh fine on Reliance Industries, 2 othersIn 2010, RIL made three separate announcements in April and May about Facebook investing 43,574 crore in Jio Platforms for a 9.99% stake, S...
- Facebook floats new entity to acquire 9.99% stake in JioThe Facebook entity will acquire a minority, non-controlling share in Jio Platforms, according to the submission to the Competition Commiss...
- View: The coming Facebook-Jio stress test for the CCIReliance Jio will approach the Competition Commission of India to clear its Facebook deal.
- Google searching for 5% in Vodafone Idea: ReportApart from a net debt of Rs 1.03 lakh crore, the telco faces balance adjusted gross revenue (AGR) based dues of well over Rs 45,000 crore.
- RIL gains 3.6% as Street cheers its progress on deleveragingVista Equity Partners said it would invest Rs 11,367 crore for a 2.32% stake in Jio Platforms, which has lately drawn investments from Face...
- Facebook-Jio deal: A high price for the American Social giantAccording to both Facebook and Jio, the playbook is the ecommerce opportunity in India. Some of this will come from linking the Whats-App p...
- Amazon propels its offline strategy after Facebook-Jio dealAmazon said on Thursday it was growing its ‘Local Shops on Amazon’ initiative to enable offline stores to do more business through their pl...
- View: Only time will tell if Jio-Facebook deal is beneficial for IndiaThis deal gets Jio easier access to hundreds of millions of users across WhatsApp, Facebook and Instagram.
- Net neutrality laws likely to be tested in clearance for Facebook-Jio dealWhile India has strong Net neutrality laws, they might be tested in a major way given the magnitude of the deal.
- Facebook-Jio deal: No preferential treatment, stand by net neutrality, says JioCos say it’s an open deal, shouldn’t fall foul of competition rules; Facebook states no data sharing pact with Jio while both have agreed t...
- Facebook-Reliance Jio deal to go to CCI, Trai may also step inAnalysts have sought transparency in how Facebook and Jio will control the data they have.
- Facebook buys 9.99% stake in Reliance Jio for Rs 43,574 croreFacebook will invest Rs 43,574 crore, largest FDI in India's technology sector.
- Industry leaders applaud Facebook-Jio deal; say India to be growth epicentre post COVID crisis"Jio's deal with Facebook is good not just for the two of them. Coming as it does during the virus-crisis, it is a strong signal of India's...
- Dealmaking in times of corona: Facebook-Jio sets new benchmark for remote negotiationsWhile Bank of America was the exclusive financial advisor to Facebook for this transaction, Morgan Stanley advised Reliance Industries. AZB...
- Deal with Zuckerberg may have put Ambani in line for India grocery crownThe deal is likely to give Ambani's ambitious online grocery venture, JioMart, a huge lift. As part of the deal, JioMart will now team-up w...
- Can FB's $5.7b help ease RIL's debt worries amid Aramco holdup?Despite Wednesday’s bounce, the stock trades some 14 per cent lower on a year-to-date basis.
- Facebook-Jio deal: Tech giant picks 10% stake in Reliance JioFacebook’s investment will translate into a 9.99 per cent equity stake in Jio Platforms.
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