Reliance Industries said that Jio Platforms is partnering with social technology company Meta to launch ‘JioMart on WhatsApp’ — an end-to-end shopping experience on WhatsApp to enable consumers to shop from JioMart from their WhatsApp chat itself. JioMart on WhatsApp will let users in India, including those who are yet to shop online browse through […]
Reliance Industries Limited (RIL) has reported a 40.8% increase in its net profit for the quarter ended 30 June 2022 (1Q FY23) to INR 19,443 crores ($2.5 billion), compared to INR 13,806 crores ($1.73 billion) in net profit for the same period in the previous fiscal year. In the previous quarter, that is 4Q FY22, […]
Reliance Industries Limited (RIL) has reported a 20.2% increase in its net profit for the quarter ended 31 March 2022 (4Q FY22) to INR 18,021 crores ($2.4 billion), compared to INR 14,995 crores ($1.95 billion) in net profit for the same period in the previous fiscal year. In the previous quarter, that is 3Q FY22, […]
Reliance Jio Infocomm (Jio) said that the next generation multi-terabit India-Asia-Xpress undersea cable system (IAX cable project) will land in Hulhumale, Maldives. According to the Jio Platforms subsidiary, the high capacity and high-speed IAX cable project will directly link Hulhumale with major internet hubs in India and Singapore. Uz Fayyaz Ismail — Maldives Minister of […]
Glance, a leading AI-driven lock-screen platform, announced today that it has agreed to raise US$200 million from Jio Platforms Limited (“Jio”) in its Series D round of funding. Jio Platforms, a subsidiary of Reliance Industries, has announced an investment of $200 million in Glance, an artificial intelligence (AI) driven lock-screen platform. The investment is part […]
Jio Platforms Limited (JPL), a subsidiary of Reliance Industries Limited, has created a 51:49 satellite broadband joint venture (JV) called Jio Space Technology with SES, a Luxembourgish satellite-based content connectivity solutions provider. Jio Space Technology will be engaged in providing satellite broadband services in India. The joint venture will utilize multi-orbit space networks — a […]
Reliance Industries said that its majority-owned subsidiary Jio Platforms has acquired a stake of 25% in Two Platforms Inc., a deep tech startup based in the Silicon Valley, for a sum of $15 million. Founded by Pranav Mistry in July 2021, Two Platforms is an artificial reality company, which is engaged in developing interactive and […]
Reliance Industries Limited (RIL) has reported a 37.9% increase in its net profit for the quarter ended 31 December 2021 (3Q FY22) to INR 20,539 crores, compared to INR 14,894 crores in net profit for the same period in the previous fiscal year. In the previous quarter, that is 2Q FY22, the Mukesh Ambani-led group […]
Reliance Industries Limited (RIL) has reported a 46% increase in its profit after tax for the quarter ended 30 September 2021 (2Q FY22) to INR 15,479 crores ($2.1 billion), compared to INR 10,602 crores ($1.41 billion) in net profit for the same period in the previous fiscal year. The earnings per share (EPS) of the […]
Internet giant Google has agreed to acquire a stake of 7.73% in Jio Platforms, the digital services platform of Indian conglomerate Reliance Industries, for INR 33.73 billion ($4.5 billion). Google’s investment values Jio Platforms at an equity value of INR 4.36 lakh crore. Through the latest transaction, Reliance Industries has secured a total investment of […]