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Meta makes a $900 million super-app move in IndiaCred founder Kunal Shah, a philosophy graduate, built his platform on exclusivity for high credit scorers, now processing over 40% of India...
Inside Meta's India investments: First Reliance, now CredThis was among the tech giant's biggest investments in the Indian startup ecosystem, which also shot Shah into the elite club of global tec...
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.
Jio-Facebook deal: SC rejects RIL's plea against SAT order imposing Rs 30 lakh fineThe Supreme Court has upheld a penalty against Reliance Industries and two officials for delayed clarification on the Jio-Facebook deal. Th...
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...
CCI okays Facebook's investment of Rs 43,574 crore in Jio PlatformsOn April 22, Facebook said it will invest Rs 43,574 crore in Jio Platforms for a 9.99% stake in an all-cash deal that will help the oil-to-...
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...
Reliance starts using WhatsApp for grocery deliveries but model to evolveJioMart, an e-commerce venture of Reliance Retail, is taking grocery orders on WhatsApp.
FMCG giants need to worry more about Facebook-Jio deal: Rajiv SharmaIf Jio Mart can consolidate 3-4 million kirana shops, it would get bargaining power, says research head at SBICap Securities.
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.
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...
How Facebook is logging into the Reliance Jio ecosystemThe Reliance-Facebook deal has ensured the creation of yet another high-powered ecosystem.
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.
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...
Jio-Facebook deal looks at local level e-commerce; to cover education, health gradually: Mukesh AmbaniEarlier in the day, Facebook announced an investment of USD 5.7 billion (Rs 43,574 crore) to buy a 9.99 per cent stake in the firm that hou...
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...
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.