Podcasts about jio platforms

This is the Catchup on 3 Things by The Indian Express and I'm Flora Swain. Today is the 12th of March and here are the headlines. Prime Minister Narendra Modi and Mauritius PM Navin Chandra Ramgoolam announced an "enhanced strategic partnership" between their countries on Wednesday. India also pledged new projects worth 500 million Mauritian rupees (around Rs 100 crore), including building Mauritius' new Parliament building. Both nations agreed to conduct mutual trade in local currencies. Modi also outlined a vision for the Global South under the MAHASAGAR initiative, which focuses on mutual growth and security across regions, strengthening India-Mauritius ties in both trade and diplomacy. Opposition parties, including Congress and DMK, staged a protest in the Lok Sabha on Wednesday against a renewable energy project near the India-Pakistan border. Manish Tewari (Congress) raised concerns about national and energy security, arguing the project's proximity to the border violates security protocols. According to Tewari, major infrastructure should be at least 10 km away from the border. Meanwhile, the Immigration and Foreigners Bill 2025 was introduced, aimed at modernizing India's immigration laws. Opposition parties called it unconstitutional and demanded its referral to a Joint Parliamentary Committee. Jio Platforms announced a deal with Elon Musk's SpaceX on Wednesday to bring Starlink's internet services to India. The partnership follows a similar announcement by Bharti Airtel and is contingent on SpaceX securing approval to operate in the country. Jio and SpaceX, historically at odds over satellite spectrum allocation, will move forward after the government opted for an administrative allocation. SpaceX has applied for security clearance with the Indian government, which is currently under review by the Home Ministry. Ukraine has proposed a 30-day ceasefire in its war with Russia, contingent on Moscow's agreement. The announcement came after high-level talks in Saudi Arabia, where the United States declared it would lift its freeze on military aid to Ukraine. This marks a significant shift in efforts to pause the devastating conflict, which began in 2022 with Russia's full-scale invasion. According to a joint statement from the White House and Kyiv, the temporary ceasefire could be extended if both sides agree to further terms. On Tuesday, separatist militants attacked the Jaffar Express, a passenger train in Pakistan's Balochistan province, carrying 500 people. The Balochistan Liberation Army (BLA) claimed responsibility, stating they derailed the train, killed 30 security personnel, and took 214 passengers, including military personnel, hostage. According to Radio Pakistan, 27 militants were killed, and 155 passengers were rescued. The BLA issued a 48-hour ultimatum, demanding the release of Baloch political prisoners, threatening to execute the hostages if their demands are not met. This was the Catch Up on 3 Things by the Indian Express.

This is the Catchup on 3 Things by The Indian Express and I'm Flora Swain.Today is the 30th of January and here are the headlines.The Indian government has announced its plan to create a domestic large language model under the IndiaAI Mission, a Rs 10,370 crore initiative. IT Minister Ashwini Vaishnaw confirmed the development today. To support this, 10 companies, including Yotta, Jio Platforms, and Tata Communications, will supply 18,693 GPUs. Yotta alone will provide nearly half of these chips, totaling 9,216 units, to help build the AI model.Arvind Kejriwal has challenged BJP and Congress leaders to drink Yamuna river water after the Election Commission intervened in his claims about river poisoning. The EC had asked Kejriwal to clarify his accusations of ammonia pollution and provide factual evidence of the alleged poisoning. The commission is also seeking more specific details about the nature, quantity, and source of contamination, with Kejriwal facing scrutiny for his allegations.A Canadian report dismissed claims of foreign involvement in the disinformation campaign surrounding the killing of Khalistani terrorist Hardeep Nijjar. Relations between India and Canada soured after Prime Minister Justin Trudeau accused India of being behind Nijjar's murder in June 2023. India strongly rejected the accusations, calling them politically motivated, which led to the expulsion of diplomats from both countries, further damaging bilateral ties.A political controversy erupted in Goa after the BJP government ordered South Goa SP Sunita Sawant to relinquish her charge. The Congress party accused the transfer of being politically motivated due to Sawant's inquiry about Bajrang Dal leaders. The government has temporarily assigned Tikam Singh Verma, SP of the anti-narcotics cell, to oversee South Goa. Sawant was appointed in February 2024, and an official transfer order has yet to be issued.A tragic collision occurred between an American Airlines plane and a US Army Black Hawk helicopter near Washington D.C. on Wednesday night. The plane, carrying 64 people, collided with the helicopter, which had three soldiers aboard. President Trump was briefed on the accident, and emergency operations were launched. All flights were suspended, and rescue teams, including firefighters, were engaged in operations on the Potomac River. 18 fatalities were confirmed, though details remain unclear.This was the Catch Up on 3 Things by the Indian Express.

幻冬舎の暗号資産（仮想通貨）/ブロックチェーンなどweb3領域の専門メディア「あたらしい経済 www.neweconomy.jp/ 」がおくる、Podcast番組です。 ーーーーー 【番組スポンサー】 この番組は、モジュール型のイーサリアムL2チェーンを提供する次世代金融インフラ「Mantle」の提供でお届けします。 【Mantle】 Mantleは、モジュール型のイーサリアムL2チェーンを提供する次世代金融インフラ。Mantle Networkには、DeFi・ゲーム・NFTなど多数のDAppsが展開中。28億ドルを超えるDAOのトレジャリーが、Mantle NetworkやmETH Protocolをはじめ、多数のパートナーを支援しています。信頼、透明性、そして革新を携えたMantleと共に、次世代の経済に参加しませんか？ Web3/DeFiの未来を、Mantleと共に。 ーーーーー 【Mantle 関連リンク】 Website: https://www.mantle.xyz/ja Discord : https://discord.com/invite/0xmantle Twitter:https://x.com/0xmantlejp Medium :https://medium.com/0xmantle-jp TG: https://t.me/mantlenetwork/69759 Email: marketing@mantle.xyz ーーーーー 【紹介したニュース】 ・トランプ新政権、暗号資産を国家優先事項に、業界関係者に発言権を付与か＝報道 ・ヴィタリック、「Soneium」の物議を醸す対応に好意的な意見表明 ・SBI VCトレード、預かり総資産4,000億円突破、2カ月間で倍に ・韓国大手取引所Upbit、規制当局より新規顧客への営業制限命令受ける＝報道 ・2024年の暗号資産の違法取引は510億ドル超へ。オンチェーン犯罪の多様化も指摘=チェイナリシス報告 ・マレーシア、暗号資産・ブロックチェーンの法律導入を検討 ・イーサリアム「EDCON」、2025年は大阪で9月に開催へ ・ソラナDEX「Jupiter」の「JUP」トークンが2回目のエアドロへ、割当チェッカー公開 ・ポリゴンラボがインドのJio Platformsと提携、4.5億ユーザーへweb3サービス提供へ ・スターテイル、投資部門「Startale Ventures」新設、SoneiumとAstarのキラーユースケース創出目的に ・SBI証券が「暗号資産デリバティブ取引」提供か、JVCEA第一種会員に変更 【あたらしい経済関連リンク】 ニュースの詳細や、アーカイブやその他の記事はこちらから https://www.neweconomy.jp/

Join us for a thought-provoking episode of the Moneywise Podcast where host Seetal Iyer interviews Kashyap Mody, Head of Treasury, Jio Platforms. They discuss the importance of asset allocation in both corporate treasury and personal finance.  They explore various asset allocation strategies, the current trends in small and mid-cap stocks, and the vital practice of portfolio rebalancing.

In 2020, Google invested $4.5 billion  in Reliance's Jio Platforms for a 7.7% equity. The flagship product of this alliance was a budget friendly 4G smartphone priced at Rs 6500 called JioPhone Next. The idea was to make the internet more accessible to millions of more Indians.When it was launched, the telco was expected to sell at least 20 million devices in a year. But so far, it has sold only 2 million.A tech giant and a telco giant coming together to make a pocket-friendly smartphone--the plan sounded perfect. What could've gone wrong?Tune in to find out.

Neste The Big Ones, destaque às mais recentes inovações e movimentos estratégicos do YouTube, Google e Jio: YouTube testa hub de canais de TV Google desenvolve I.A. que programa Jio estende conectividade 5G na ÍndiaSaiba mais sobre inovação e nova economia em supertoast.pt. 

In this episode, find out about SEBI's decision to allow govt holding in IDBI Bank to be reclassified as public after divestment, also find out about L&T Realty Developers' plan to sell a stake in Think Tower Developers Business Term of the Day: Plant Load Factor

The Indian telco Jio Platforms launches the low-cost 4G JioBook laptop, Chinese chip imports and output falls by double digits in September, and the RNC sues Google over campaign emails going to spam. MP3 Please SUBSCRIBE HERE. You can get an ad-free feed of Daily Tech Headlines for $3 a month here. A special thanksContinue reading "Jio Platforms launches the JioBook – DTH"

This week in Indian startup news, OYO's road to IPO clear - HC dismisses Zostel's petition, Sharechat's Moj acquires MX Player's TakaTak, Cult.fit acquires Gold Gym's India business. In funding news, Glance raises $200 million from Jio Platforms, Altigreen raises $40 million, Kenko Health raises $12 million, RENEE Cosmetics raises $10 Million, Join Ventures raises $10 million, Healthysure raises $1.2 Million, Aulerth raises $1.1 Million, Swipe raises $2.2 Million, Runo raises $500k. OYO's road to IPO clear as HC dismisses Zostel's petition: Back in 2015, OYO had entered into talks with Zo Rooms (the owner of Zostel) to acquire Zostel but after the deal fell through, the two have been logging heads in the courtroom. While Zostel says that OYO had signed a term sheet that was legally binding, OYO says otherwise and from Zostel's perspective, OYO owes them a 7% stake in the hospitality giant as part of that deal. And the issue came to the forefront once again when OYO filed for an IPO and Zostel filed a petition with the Delhi High Court to suspend their IPO – to keep OYO from changing their ownership structure. However, in what is a big relief for OYO, the Delhi High Court has decided to dismiss Zostel's petition. Sharechat's Moj acquires MX Player's TakaTak: Sharechat's short video app Moj has acquired MX Player's MX TakaTak in a cash and stock deal which is estimated to be worth anywhere between $600 to $900 million by various news reports. While both Moj and MX TakaTak will be operating as separate apps for now, they two are expected to be merged in the next six months. With this acquisition, Moj and MX TakaTak which have 160 million and 150 million monthly acquire users (MAUs) respectively will together have access to 310 million monthly active users – making them one of the biggest players in the short video space. Cult.fit acquires Gold Gym's India business: Health and fitness startup Cult.fit has acquired Gold's Gym's India business for an undisclosed amount by picking up a majority stake in F2 Fun & Fitness India – making Cult.fit the master franchise partner of Gold's Gym in India. While Cult.fit operates more than 350 owned and partner centres across the country, Gold's Gym is the second-largest player in the fitness space with 150 gyms across 95 cities in the country. As a part of this acquisition, Cult.fit will continue to operate Gold's Gym as a separate brand to leverage the brand's 19 yearlong brand equity they have built-in India and also plans to scale Gold's Gym to 200 centres in the next 24 months. Not just in India but they plan to expand Gold's Gym across geographies like Sri Lanka, Bangladesh, Maldives, Nepal and Bhutan. Glance raises $200 million from Jio Platforms: Glance, an InMobi-owned lockscreen content platform, has raised $200 million in a round led by Jio Platforms to build Glance into the world's largest live content and commerce platform. Altigreen raises $40 million: Commercial EV manufacturer Altigreen has raised $40 million in a round led by Sixth Sense Ventures, Reliance New Energy (a subsidiary of Reliance Industries), Xponentia Capital, Accurant International and Momentum Venture Capital. Kenko Health raises $12 million: Healthtech startup Kenko Health has raised $12 million in a round led by Sequoia Capital to add new products and OPD categories like dental, mental health, at-home care and sexual health and to expand their userbase to 250,000 by the end of March 2022.

Warrant Buffett bought a billion dollars worth of Activision Blizzard shares weeks before Microsoft announced its deal to acquire the gaming company, according to a regulatory filing by the billionaire investor's company Berkshire Hathaway. Jio Platforms, the digital services unit of Reliance Industries, has formed a satellite internet JV. Separately, Jio will also invest $200 million in Glance. Notes: Warren Buffett buys stake in Activision weeks before Microsoft deal Warrant Buffett bought a billion dollars worth of Activision Blizzard shares weeks before Microsoft announced its deal to acquire the gaming company, according to a filing with the US Securities Exchange Commission by the billionaire investor's company Berkshire Hathaway yesterday. Berkshire Hathaway purchased 14.7 million shares of Activision—maker of such games as the ‘Call of Duty' and ‘World of Warcraft'—taking an almost 2 percent stake worth $975 million, at the end of December, Business Insider reports, citing the SEC filing. And in January, Microsoft announced its deal to acquire Activision Blizzard in an all-cash deal for $69 billion. Jio Platforms, SES form satellite internet joint venture Jio Platforms, the digital services unit of Reliance Industries, and SES, a satellite-based content connectivity solutions provider based in Luxembourg, yesterday announced the formation of a joint venture—Jio Space Technology Limited—to deliver satellite broadband services in India, Reliance said in a press release yesterday. JPL and SES will own 51 percent and 49 percent equity stake in the joint venture, respectively. The joint venture will use multi-orbit space networks that are combinations of geostationary (GEO) and medium earth orbit (MEO) satellite constellations capable of delivering multi-gigabit links and capacity to enterprises, mobile backhaul and retail customers across India and neighbouring regions. Jio Platforms to invest $200 million in Glance Separately, in more Jio news, Jio Platforms is also investing $200 million in Glance Inmobi, a lock screen content and commerce platform provider. Glance will use the money to expand into the US, Brazil, Mexico and Russia, the company said in a press release. Glance will also integrate its lock screen tech into the JioPhone Next smartphones that Jio has launched with Google. Startup new — MFine, Bizongo, Slice, BiteSpeed MFine, a healthcare tech startup, has teamed up with Datar Cancer Genetics, a cancer research company to launch a cancer screening programme on the MFine app, the company said in a press release. MFine users will be able to book tests for various cancers as well as diabetes. Bizongo, a B2B ecommerce and supply chain enablement platform provider, completed its first share buyback from employees, in a programme worth $3.7 million, Bizongo said in a press release. And Slice, a fintech startup in the credit cards space, also announced its first share purchase plan for employees, worth about $8.6 million. BiteSpeed, a SaaS company that helps ecommerce businesses use conversational tech to reach customers, has raised $1.9 million in seed funding led by Sequoia India's Surge, with participation from First Cheque, Whiteboard Capital and various angel investors. Theme music courtesy Free Music & Sounds: https://soundcloud.com/freemusicandsounds

Mukesh Ambani has seen the succession battle from very close quarters. In 2002, when his father died without writing a will, he was locked in one such bitter confrontation with his brother Anil Ambani. After over three years of face-off, a family pact divided the Reliance businesses between the two brothers. So now, at 64, Ambani doesn't want to take any chances. About a month ago, several reports had surfaced that the Reliance chairman was planning to move his family's holding into a trust-like structure. Similar to what some other billionaire families like Waltons and Kochs did. Now, Ambani has hinted that the preparatory phase for handing over the baton of his business empire to his three kids is coming to an end. His children have been increasingly playing more visible roles at the company - from speaking about the future roadmap at AGMs to brokering billion-dollar deals. And he chose his father's birth anniversary, December 28, to make the big announcement. The family marks the day as Reliance Family Day. In what cements the future roles of his three Ivy League-educated children Isha, Akash and Anant at Reliance, Ambani said he had no doubt they would lead Reliance to even greater heights.  It is the first time that Ambani has spoken publicly about succession planning at his $215 billion business empire. While he has not disclosed any timeline to step back from his responsibilities, the latest speech shows that the time for his children to take up major roles at Reliance is almost here after years of grooming.  Now 30 years old, twins Isha Ambani and Akash Ambani had joined the board of Reliance Jio Infocomm and Reliance Retail Ventures as directors in 2014, at the age of 24.  Isha graduated from Yale University in 2013 with a double major in Psychology and South Asian Studies and had a brief stint with consultancy firm McKinsey before joining the family business.  Akash, meanwhile, majored in economics from Brown University and worked with Jio before becoming a director. As Jio's head of strategy and a member of its executive committee, Akash is closely involved with its product development.  Today, they are also on the board of Jio Platforms, the holding company for Reliance's telecom and digital assets and have been a constant feature at the company's product launches. Its strategic investment deals with companies like Facebook, Google and Intel were negotiated by the duo.  Besides, Isha also engineered the launch of fashion portal Ajio while Akash handles the IPL team Mumbai Indians.  Kavil Ramachandran, Professor at the Indian School of Business, Hyderabad, gave his views on the timing of Ambani's announcement regarding the succession plans.  26-year-old Anant Ambani is also a Brown University alumnus like his brother. In February, he became the last of the three to join Reliance when he was inducted as a director of the O2C subsidiary, which would have housed the refining and petrochemical business. But the plan did not go ahead. And in July, Anant was appointed to the board of solar companies that were incorporated as part of Reliance's green energy initiatives. The company is investing $10 billion over the next three years in green energy. Mukesh Ambani's actions suggest that eventually his three children could be leading separate divisions of Reliance. The promoter stake is today worth $110 billion.    Watch video

LinkedIn ist raus aus China und setzt auf Indien. Dort gibt es jetzt Smartphones ab 27 Dollar. Der indische Edtech-Gigant kauft österreichische Mathe-Software für 100 Millionen.

Aravind Pai, partner expert in the product development team in Bangalore for Radisys, joins the podcast for a fascinating discussion on connected homes and businesses. Radisys forms part of Jio Platforms, a wholly owned subsidiary of Indian conglomerate Reliance Industries. With the constant rise in price of basic utilities such as electricity and water, an answer the problem lies in effective utility management. Pai discusses potential solutions using the Radisys toolset to simplify and manage multiple automation devices from one console. Service providers interested in offering these solutions to the market shouldn't miss this discussion.

Aravind Pai, partner expert in the product development team in Bangalore for Radisys, joins the podcast for a fascinating discussion on connected homes and businesses. Radisys forms part of Jio Platforms, a wholly owned subsidiary of Indian conglomerate Reliance Industries. With the constant rise in price of basic utilities such as electricity and water, an answer the problem lies in effective utility management. Pai discusses potential solutions using the Radisys toolset to simplify and manage multiple automation devices from one console. Service providers interested in offering these solutions to the market shouldn't miss this discussion. TechCentral

“When you are building something revolutionary, you may look delusional to those around you.” – Lauris Liberts The oldest company in the world, Kongo Gumi, has been in existence since about 578 AD – around 1500+ years or so – based in Osaka, Japan. Now, that's a company built to last. And one of the other companies that has been on the right track and withstood the test of time is Reliance Jio. It has revolutionized the Indian technology and business landscape, brought the Internet to pretty much every household in the country, and has been on an exponential growth journey to leaving its indelible mark on India for generations to come. In this special episode of the Zinnov Podcast – Business Resilience series, two luminaries from one of the most diverse, multinational Indian origin conglomerates, Reliance Industries – Anish Shah, President, Jio Platforms and Kiran Thomas, President, Jio Platforms, converse with Praveen Bhadada, Managing Partner, Zinnov, and discuss the nuances of building such a massive platform, the struggles they have encountered, the leadership lessons that anyone can take note of, and what the future holds for Reliance Jio and beyond. Tune in to find out all about it from the two leaders who work closely with Mukesh Ambani, Chairman, Reliance, day in and day out.

Klik je týždenný komentovaný prehľad technologických správ, o udalostiach, ktoré sa udiali vo svete IT, médií a sociálnych sietí. Moderátori: Dávid Tvrdoň, Ondrej Podstupka. -- Mačkosaurus: https://www.youtube.com/watch?v=W85oD8FEF78 -- >> KLIK NEWSLETTER: https://sme.sk/klikmail + >> HERNÝ UPDATE: https://hernyupdate.substack.com + >> DÁVIDOV TECH NEWSLETTER: https://fwiw.substack.com/welcome (opäť chodí) -- Témy podcastu: --> Google spolu s indickým operátorom Jio Platforms uviedli JioPhone Next za 87 dolárov --> Facebook 2.0 --> Microsoft predstavil svoju verziu metaverza -- Viac info nájdete na https://tech.sme.sk/c/22778087/klik-google-chce-aby-dalsia-miliarda-ludi-mala-android-v-indii-ponuka-mobil-za-87-dolarov.html Spravili sme chybu, máte pripomienku? Napíšte nám na klik@sme.sk, prípadne do skupiny na Facebooku. -- Predplatné SME.sk: https://predplatne.sme.sk/premiove-predplatne -- Hrnčeky: sme.sk/hrnceky -- Všetky podcasty denníka SME nájdete na sme.sk/podcasty -- Ďakujeme, že počúvate podcast Klik.

Google and top Indian telecom network Jio Platforms said on Friday that their much-anticipated budget smartphone, JioPhone Next, will go on sale in the world's second largest smartphone market on November 4 (to coincide with Big Indian festival of Diwali.)

Google and top Indian telecom network Jio Platforms said on Friday that their much-anticipated budget smartphone, JioPhone Next, will go on sale in the world's second largest smartphone market on November 4 (to coincide with Big Indian festival of Diwali.)

For some time now, experts have held that the phenomenon of shareholder activism is in a nascent stage in India. But there can still be no doubt that cases of shareholder activism are on the rise in the country. Meanwhile, proxy advisory firms continue to raise red flags when they feel that something is amiss. This year itself, there have been a number of instances where shareholders have challenged promoters and management. Let's examine how this rising tide has impacted India Inc. Towards the end of September this year, Pune-based Kinetic Engineering Ltd's shareholders rejected the company's proposal to increase Managing Director Ajinkya A Firodia's remuneration.   Earlier, in September, Ekta Kapoor and Sobha Kapoor, who are part of Balaji Telefilms' promoter group, faced shareholder ire and failed to obtain the necessary votes on resolutions proposing pay increase for them.   In August of 2021, shareholders voted down Siddhartha Lal's reappointment as Eicher Motors Ltd's managing director. It was reported that the shareholders were against a proposal to hike Lal's salary by 10 per cent as it outpaced the revenue and profit growth clocked by the firm last year amid the Covid pandemic. Recently, Eicher Motors again sought shareholders' nod on Siddhartha Lal's remuneration. In the past few months, shareholders have overwhelmingly voted against the remuneration proposals for the chairmen of Balkrishna Industries Ltd, Hero MotoCorp Ltd, and Bajaj Auto Ltd.   Clearly, shareholders are not taking kindly to proposals for upping the remuneration takeaways of top executives under the current circumstances. But, that's not the only angle of attack amid the rising tide of shareholder activism. Consider the Zee case, for instance. On 11th September, Invesco Developing Markets Fund and OFI Global China Fund had asked the Zee Entertainment Enterprises board to convene an EGM to induct six of their nominees. In the same letter, Invesco had also proposed the removal of CEO and MD Punit Goenka and two other directors from the board in the EGM. The two other directors in question were Manish Chokhani and Ashok Kurien. Subsequently, Chokhani and Kurien resigned. Invesco recently took the matter to the NCLT. As a result, on 30th September, the NCLT directed the Zee board to consider Invesco's requisition for an EGM. Even one of the biggest names in India Inc has been a target of shareholder activism. Yasir Al-Rumayyan, the chairman of Saudi oil producer Aramco and the governor of that country's sovereign wealth fund, was appointed an independent director on the board of Reliance Industries on 19th July. The appointment has now come up for shareholder vote and the voting process will end on 19th October. Based on the recommendations of proxy advisory company Glass Lewis, the California State Teachers Retirement System has decided to vote against Al-Rumayyan's appointment. According to the proxy advisory firm, since Al-Rumayyan has a key role in the operations of Saudi Arabia's Public Investment Fund and Aramco, he does not qualify to be an independent director. PIF has already invested Rs 9,555 crore in Reliance Retail and Rs 11,367 crore in RIL's Jio Platforms. Meanwhile, Aramco and RIL have been in talks for another equity deal that involves 20 per cent of Reliance's oil-to-chemical business. Meanwhile, the Florida State Board of Administration is also against the appointment. Only time will tell how things will play out in some of these evolving cases. However, whatever the end result, one clear fact emerges when you consider all the cases we have spoken about today. Clearly, if India Inc wants to keep itself free from such tussles, it needs to prepare itself for a more transparent future with higher corporate governance standards.  

Yasir Al-Rumayyan, the chairman of Saudi oil producer Aramco and the Governor of that country's sovereign wealth fund, was appointed an independent director on the board of Reliance Industries on July 19 for a period of three years. The appointment has now come up for shareholder vote and the voting process will end on October 19. Based on the recommendations of influential American proxy advisory company Glass Lewis, the California State Teachers Retirement System (CALSTRS) has decided to vote against Al-Rumayyan's appointment.  CalSTRS is the largest educator-only pension fund in the world, and the second-largest pension fund in the US, with about $318.4 billion worth of assets under management.  As of June last year, CALSTRS held 5.3 million fully and partly paid shares of Reliance. This holding is valued at $179 million today. The fund has cited potential conflict of interest, as Reliance plans to sell a 20% stake in its oil-to-chemicals business for $15 billion to Aramco, where Al-Rumayyan is the chairman. The deal was supposed to close by March 2020 but it got delayed. It is in its final stages at present. Given his connection with the Saudi government and the proposed business relationship with Reliance, proxy advisors Glass Lewis said it did not consider Al-Rumayyan as being independent at this time.   In fact, it is not just CALSTRS which is opposed to the appointment. The Florida State Board of Administration, which manages $245 billion, is also against it.  Further, Saudi sovereign wealth fund headed by Al-Rumayyan has already invested $1.3 billion in Reliance Retail Ventures and $1.49 billion in Jio Platforms. Reliance Retail Ventures is a Reliance Industries subsidiary that owns the group's retail businesses, while Jio Platforms is Reliance's digital services unit. In a communication to proxy advisory firms, Reliance strongly defended its move, saying Al-Rumayyan's appointment had no connection with its proposed deal with Aramco. Further, the O2C business was being spun off into a subsidiary which might have nominees from Aramco. Reliance also said its Human Resources Nomination and Remuneration Committee, which had four independent directors in its total strength of five, unanimously recommended his appointment, given his versatile experience. The Mukesh Ambani-led company has so far not addressed the concerns around Al-Rumayyan's connection with the Public Investment Fund, which has investments in Reliance's subsidiaries. Now the question that remains is whether the investors will be satisfied with Reliance's justification, or will they force India's most valuable company to reverse the appointment of Al-Rumayyan. Let's wait and see.

Destaque às mais recentes inovações e movimentos estratégicos do Facebook, Google e Apple:Facebook lança óculos inteligentes da Ray-Ban Google e Jio Platforms lançam smartphone na ÍndiaApple apresentou novos iPhones, iPads e Apple WatchSaiba mais sobre inovação e nova economia em supertoast.pt.

Market is likely to eye movement in the stock of Reliance Industries this week, as lack of fresh triggers kept indices range-bound over the past couple of days. RIL's subsidiary, Jio Platforms, postponed the launch of India's cheapest smartphone – JioNext-- last Friday. According to a Jefferies report, the smartphone is eyeing a market of nearly 540 million customers, which can lift Jio's revenues by 10% by financial year 2022-23. But RIL investors won't have to wait that long to make a killing on their investments. As per technical charts, the stock has broken out of a year-long consolidation phase and market bulls are set to take it to an unchartered territory. Avdhut Bagkar of Business Standard will break it down for you. Listen in Over the past 4 years, RIL has made investments worth $4 billion across sectors such as retail, energy, telecom, media, and internet. And every investment has been followed by a break out rally. No wonder then that RIL's scrip is all set to repeat history. Well, while RIL's stock move could sway the markets on Monday, macro-economic data and new listings would keep investors busy during the rest of the week. Among macro triggers, industrial production data, and consumer and wholesale inflation prints will guide investor sentiment. In the primary markets, Ami Organics and Vijaya Diagnostics' listing will be tracked by investors. Lastly, on the global front, the US inflation data will also affect international markets.

Google is expanding its cloud infrastructure in India by establishing a second cluster of data centers in and around New Delhi. The new infrastructure will aid in the resolution of issues such as disaster recovery within India. It invested $4.5 billion in Jio Platforms, the digital division of Indian conglomerate Reliance Industries, last year.

Instagram may soon let you post from desktop; Android apps are coming to Windows 11 through the Amazon Appstore; Google and India's Jio Platforms announce budget Android smartphone JioPhone Next

Instagram may soon let you post from desktop; Android apps are coming to Windows 11 through the Amazon Appstore; Google and India's Jio Platforms announce budget Android smartphone JioPhone Next

The new Windows is Windows 11. Google delays the Adpodcalypse. BuzzFeed finally to go public. Comcast is having issues with Peacock. Google and Jio's cheap smartphone is announced. Is the biggest ever crypto crime story evolving right now in South Africa? And RIP John McAfee.Sponsors:RocketLawyer.com/workconfidentlyCybereason.comLinks:Microsoft announces Windows 11, with a new design, Start menu, and more (The Verge)Google delays Chrome's cookie-blocking privacy plan by nearly 2 years (Cnet)BuzzFeed announces plans to go public via SPAC, targets $1.5 billion valuation (CNBC)Inside Comcast's Plan to Become a Streaming Giant (Wall Street Journal)Google and India's Jio Platforms announce budget Android smartphone JioPhone Next (Tech Crunch)South African Brothers Vanish, and So Does $3.6 Billion in Bitcoin (Bloomberg)John McAfee, Software Pioneer Turned Fugitive, Dies in Spanish Prison (New York Times)See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Aakrit Vaish is the Co-Founder & CEO of Haptik, a conversational AI company acquired by Reliance Jio in March 2019. Haptik's mission has been to enable better & faster customer experiences for businesses using AI, through messaging and voice. The company has powered more than 3 billion interactions as of December 2020 and counts six Fortune 500 companies as customers. As part of Jio Platforms, Haptik's goal is to create an AI software powerhouse, built from India for the world. Outside of Haptik, Aakrit is an investor in startups in India and the US, notable ones being Unacademy, Pepper Content, Park+, Flat White Capital, Third Wave Coffee, Ayoconnect, Haikujam, Tookitaki, among others. Aakrit is also the Chair for the India chapter for H2, one of the world's leading leadership organisations for the technology industry.

(1) The world becomes less open with new export controls from the US, China & EU (0:37). (2) India’s private & public sectors – seeking self-reliance – push back on foreign control (5:28). (3) Microsoft, Nokia, and Deutsche Telekom target satellite and high-altitude connectivity (9:18). Read this 3 Shifts Edition: https://6pag.es/3y37k. Sign up to receive free summaries of our deeply researched briefs: 6Pages.com.

After Reliance unfurled the flag with Jio Platforms, many large traditional Indian corporates, including the Tatas, are looking to launch their own platform, or super app, as part of doing business in a digitised world. But have these models been successful? Venkatesh Ganesh gives us more details. Listen to the podcast. Click here for more details. --- Send in a voice message: https://anchor.fm/business-line/message

We saw the third big-ticket investment in Reliance Industries' retail in a span of three weeks. PE firm General Atlantic is investing Rs 3,675 crore in Reliance Retail Ventures for a 0.84% stake. The same company had invested Rs 6,598 crore in RIL's Jio Platforms unit in May.  Reliance has raised more than $20 billion by selling stakes in Jio Platforms. Global investors including Facebook and Google bought a combined 33% in that venture this year. So, at a time when coronavirus pandemic has left companies bruised and battered, what is it that makes Reliance arms so attractive for investors?  Business Standard's Viveat Susan Pinto explains in this podcast. Tune in to know more  

7investing.com Founder Simon Erickson and Lead Advisor Matthew Cochrane talk to Dhaval Kotecha about investment opportunities in India. Welcome to 7investing. We are here to empower you to invest in your future! We publish our 7 best ideas in the stock market to our subscribers for just $17 per month. Start your journey toward's financial independence https://7investing.com/subscribe/?marketing_id=21273 Stop by our website to level-up your investing education: https://www.7investing.com Follow us on Social Media ► https://www.facebook.com/7investing/ ► https://twitter.com/7investing ► https://instagram.com/7investingofficial Timestamps: 0:00 – Introduction 4:42 – An overview of India's demographics and geo-political structure. 5:55 – Different tiered cities in India and the growing urbanization movement. 9:37 – India's growing middle class.11:51 – India's retail structure and the digitization of payments. 15:36 – E-commerce in India 17:06 – Comparisons between India's and China's online economy 21:09 – What Amazon.com and Walmart are doing to grow their presence in India. 24:23 – The history of Reliance Industries. 26:35 – Reliance Industries, the industrial conglomerate 28:16 – Jio Platforms: "the cheapest mobile data plan in the world" 30:30 – Jio's growing ecosystem 34:39 – How do American investors invest in Jio? 39:30 – Why foreign investments are pouring into Jio Platforms --- Send in a voice message: https://anchor.fm/7investing/message

Podcast: The Voices of Tech: A PodcastEpisode: Tech Discussions with Sanath Swaroop - #BoycottChineseProducts, OnePlus success story, DXOMark and a lot more!Pub date: 2020-06-18In this episode, I'm joined by Sanath Swaroop, who himself is into variety of fields in the tech space. With our alike mindedness for topics, we start off by discussing the very first generations of smartphones and how incredible the tech felt back then. We then move on to talk about boycotting Chinese products trends and how we should actually approach it for the sake of ourselves and the country. While this keeps us occupied for a long time, we then move on to talk about what the Jio Platforms investments actually mean for India, the success story behind OnePlus (thanks to Mrwhosetheboss), the controversial DXOMark benchmark, Sony WH-1000XM4 leaks, and end with our views on the PS5. Although this episode may seem a bit long, I suggest you hear us out till the end because Sanath had some great opinions on these topics! Follow me on: instagram.com/saiabhijat.tech/ ; twitter.com/saiabhijat Follow Sanath on: instagram.com/sanath.swaroop/ ; twitter.com/atechnomateThe podcast and artwork embedded on this page are from Sai Abhijat, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

This week we talk about super apps, Mukesh Ambani, and Reliance Jio.We also discuss Alibaba, mobile services, and the Indian tech industry. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe

This week we talk about super apps, Mukesh Ambani, and Reliance Jio. We also discuss Alibaba, mobile services, and the Indian tech industry. Support the show: letsknowthings.com/support (patrons receive a bonus episode of the show each month) Show notes/transcript: letsknowthings.com You might also enjoy my other podcast: brainlenses.com

Overview: Today we’re going to talk about the potential for a Reliance Jio moment in Africa. We'll start with some context of the Reliance parent group, its telco subsidiary - Reliance Jio (& its digital services subsidiary Jio Platforms) & their impact on India. Then we'll end by discussing ways Africa can also have a Reliance Jio moment. This episode was recorded on July 26, 2020. Companies discussed: Reliance group, Reliance Jio / Jio Platforms, Dangote Group, Remgro, Transcorp, Naspers, Safaricom / Vodacom, Transsion, América Móvil & MTN Business concepts discussed: India Tech, vertical integration, government relationships, pricing strategy, import substitution, industrialization, debt financing & equity fund raising Conversation highlights: (00:33) - Why the Reliance Jio story is important to Africa (02:29) - Background on Reliance parent group - founding & IPO (03:50) - Reliance backward integration & expansion (07:20) - Similarities to African conglomerates (11:04) - Starting Reliance Jio Telecoms (13:17) - Jio impact on competition, Indian economy & consumers (18:55) - Jio 2020 fundraising (24:24) - How can we have a "Jio moment" in Africa? (25:47) - Western Africa candidates to create a Jio moment (28:27) - Southern Africa candidates to create a Jio moment (35:27) - Eastern Africa candidates to create a Jio moment (37:00) - African governments or Non-African candidates to create a Jio moment (42:13) - Bankole’s overall thoughts & outlook (46:26) - Olumide’s overall thoughts & outlook (50:30) - Bankole’s recommendation & small wins (54:18) - Olumide’s recommendation & small wins Olumide’s recommendations & small wins: Recommendation: Designing your life book (by Bill Burnett & Dave Evans) Small win: "Earnings calls" app by Borsa Finance --> It's earnings season! Small win: Kuda bank --> First digital-only Nigerian bank Bankole’s recommendations & small wins: Recommendation: You're Not Listening: What You're Missing and Why It Matters Small win: Watched football this weekend with my friends on a conference call. Potential for a unified co-watching experience product --> Have ideas? E-mail us! We’d love to hear from you. If you have feedback, topics you’d like to hear, or just want to say hello, please email info@afrobility.com Join our insider mailing list where we get feedback on new episodes & find all episodes at Afrobility.com

The Big Ones Jio Platforms was spun off by Indian conglomerate Reliance Industries late last year to build a mobile network tailored for 5G and the internet of things, and everyone seems to want a slice. The latest is Google, which is paying $4.5bn for a 7.7% stake in Jio, the deal coming in the … Continue reading "20 July 2020 – 5G & IoT Provider Jio Platforms Gains $4.5bn from Google"

Jio Platforms is in the news again, bagging investments from Qualcomm and Google, Wavemaker Partners closes its third Southeast Asia fund at US$111 million, and SoftBank’s share prices are on the rise. Hear the details on all these stories and more on this week’s episode of The Weekly Snapshot. More information on today's episode here: https://www.techinasia.com/weekly-snapshot-news-google-softbank-wavemaker

Klik je týždenný komentovaný prehľad technologických správ, o udalostiach, ktoré sa udiali vo svete IT, médií a sociálnych sietí. Moderátori: Ondrej Podstupka, Dávid Tvrdoň. >> KLIK NEWSLETTER: https://sme.sk/klikmail + >> DÁVIDOV TECH NEWSLETTER: https://fwiw.substack.com/welcome  -- Témy podcastu: --> Twitter má za sebou mimoriadne zlý hack --> Čo je Jio Platforms? --> Redizajn Gmailu --> Je okolo Tesly bublina? -- Viac informácií nájdete na https://tech.sme.sk/c/22449113/klik-ako-najhorsi-hack-twitteru-za-posledne-roky-zmeni-technologie.html  -- Spravili sme chybu, máte pripomienku? Napíšte nám na klik@sme.sk, prípadne do skupiny na Facebooku. 

At its AGM, a major announcement by Reliance Industries (RIL) was the strategic investment by Google in Jio Platforms. Through its Google partnership, RIL is looking to tap users looking for an affordable smartphone. But how has the delivery been on targets set by RIL in the past few AGMs? Tune in to find out more.

Painel semanal de notícias de negócios e empresas, comentadas e analisadas pela BTC!Temas comentados:- Citigroup e JP Morgan divulgam resultados: inadimplência e ajustes contábeis- IPO da You Inc: Estratégia, apartamentos compactos premium, resultados e perfil de dívida- Demissão na PwC: Impactos da crise, consultoria e auditoria- As Dark Stores do Hortifruti Natural da Terra: estratégia de canais, e-commerce e logística integrada- Receita da Pepsico no Brasil cresce: as "comfort foods", estratégia de marketing e resultados da Pepsico no mundo- Google investe na Jio Platforms: diversificação de receita, investimento na Índia e mercados de nicho- Evento da Shopee é sucesso com P&G: estratégia de crescimento, eventos e parcerias estratégicas- Resultados e Estratégia da Fiverr: crowdsourcing, financials e consequências do desempregoSiga a BTC nas redes sociais!Facebook: https://bit.ly/face-btcInstagram: https://bit.ly/insta-btcLinkedIn: https://bit.ly/linkedin-btcConfira nosso site: www.btcompany.com.br

Google has become the latest US technology giant to invest in Indian conglomerate Reliance Industries' digital business.The Alphabet-owned search engine has agreed to pay $4.5bn (£3.6bn) for a 7.7% stake in Jio Platforms.Reliance's billionaire owner Mukesh Ambani says the two companies will develop phones for 4G and 5G networks.Google joins a list of new investors in Jio that includes Facebook, Intel and Qualcomm.Mr. Ambani in a statement to shareholders said Google has empowered millions of Indians to access helpful information and, like Jio, is a force for change and innovation.Google's chief executive Sundar Pichai said the pace and scale of digital transformation in India is hugely inspiring for them and reinforces their view that building products for India first helps them build better products for users everywhere.Learn more about your ad choices. Visit megaphone.fm/adchoices

In his virtual address to the shareholders, RIL chairman, Mukesh Ambani thanked them for their faith in the company and highlighted the recent capital raising efforts of the company that include a rights issue and stake sales in Jio Platforms.   Ambani also welcomed Google as a strategic investor in Jio Platforms. Google will invest Rs 33,737 crore for a 7.7 per cent stake in Jio Platforms. "Investment in RIL will be our biggest investment under the recently announced $10 billion digitisation fund," said Sundar Pichai. "With Google's invetment, the fund raised by Reliance in less than three months stands at Rs 2,12,809 crore," Ambani added. This includes investments by Facebook and other investors in Jio Platforms, the Rs 53,124 crore rights issue, and investment by BP in RIL's fuel retailing venture. With the fund raising now achieved, Reliance Industries has become a debt-free company.   "It is in excess of our net debt of Rs 1,61,035 crore at the end of FY19-20," he said. "Reliance is now truly a zero net debt company, well ahead of my goal of March 2021. It has an extremely strong Balance Sheet that will support growth plans for its three Hyper-Growth Engines Jio, Retail and O2C," said Ambani.   Listen to the podcast to know more

Erasing all its morning gains, the Indian stock market ended flat with positive bias on Wednesday, mainly, on selling in Reliance Industries (RIL), Bharti Airtel and HDFC Bank.  RIL shares reversed their morning gains and ended 4 per cent lower at Rs 1,840 on the BSE after its 43rd annual general meeting (AGM). Among major announcements, RIL Chairman Mukesh Ambani informed that Google will invest Rs 33,737 crore for a 7.7 per cent stake in Jio Platforms. The company also said that the Saudi Aramco deal has not progressed as expected due to disruption in energy markets owing to the Covid-19 pandemic but it remains committed to the deal.    The S&P BSE Sensex today slipped 758 points from day's high to end flat at 36,052 levels, up just 19 points. The index had hit a high of 36,810.25 in the intra-day deals. IT major Infosys (up 6.5 per cent) ended as the biggest gainer on the index while RIL was the top loser.  NSE's Nifty ended at 10,618 levels, up 11 points or 0.10 per cent. In the broader market, the S&P BSE MidCap index ended 0.35 per cent lower at 13,230 points while the S&P BSE SmallCap index settled at 12,659, down 0.05 per cent.   Sectorally, IT stocks rallied the most in trade today. The Nifty IT index jumped over 5 per cent to 16,459.80 points. Nifty Pharma and Nifty FMCG also ended in the green while Nifty PSU Bank ended over 1 per cent lower. 

The Indian markets look all set for a strong start today amid firm global cues. At 7:15 AM, the SGX Nifty was trading around 98 points up at 10,710 levels.  This comes after Wall Street ended higher overnight as investors looked beyond a recent surge in coronavirus cases. The Dow Jones rose over 2 per cent, while the S&P 500 gained 1.34 per cent and the Nasdaq climbed 0.94 per cent. Asian markets followed Wall Street's lead and inched higher on Wednesday. Australian ASX 200 rose 1.18 per cent in early trading, Japan's Nikkei was up 1.5 per cent. In commodities, Brent crude was last trading at $43.07 a barrel. The key event for the Indian markets today will be the 43rd Annual General Meeting of Reliance Industries which will be held via videoconferencing later in the day. Analysts expect the company to give details about the Saudi Aramco deal, plans for Jio Platforms listing, Jio Fiber trajectory, and the launch of 5G among other things. Meanwhile, sources have told Business Standard that Google is in advanced talks to buy a $4 billion stake in Reliance Jio and that an announcement could come as soon as the next few weeks. But ahead of that, investors will first react to quarterly results announced post market hours yesterday. Wipro reported a better-than-expected quarterly performance in Q1, as its profitability improved despite contraction in revenues on a sequential basis. The IT major's net profit grew by 0.11 per cent YoY at Rs 2,390.40 crore for the quarter.  Mindtree, on the other hand, delivered a mixed set of numbers for the quarter as it beat profit estimates because of around Rs 87.7 crore in savings the company made from reduction in other expenses. Today, a total of 53 companies including Infosys, Bandhan Bank, and Larsen & Toubro Infotech, are scheduled to announce their quarterly results. Infosys is expected to report subdued numbers due to disruptions caused by the Covid-19 pandemic. Meanwhile, the fall in Ebit margin could be limited due to the benefit from rupee depreciation, cut in travel costs, and optimisation on variable costs. On the Covid-19 front, India recorded 29,842 new cases on Tuesday to take its total number of cases to over 9.37 lakh, according to Worldometer. Death toll now in India stands at 24,315.  And now, a quick look at other top news of the day. The Trai on Monday said India lost 2.84 million mobile phone users in March. While Reliance Jio added 4.68 million users, Vodafone Idea lost 6.35 million users and Bharti Airtel lost 1.26 million subscribers in March. State Bank of India will today seek the approval of its board to raise capital through additional tier-1 and tier-II bonds from the markets in FY21. This capital is expected to strengthen capacity, boost growth, and create a buffer. Rossari Biotech has received three times the demand of shares on offer in its IPO, which closes today. On Tuesday, the IPO garnered bids for 24.3 million shares, as against 8.17 million available. Yes Bank on Tuesday allotted shares worth Rs 4,100 crore to 14 institutional investors in the ‘anchor’ category of its FPO. Around 3.41 billion shares were allotted at Rs 12 apiece. More than half of the shares in the anchor book were subscribed by US-based asset manager Tilden Park.

Jul14 高通投資(Qualcomm Ventures)宣布投資印度最大電信商。只用了三個月時間、融資157億美元，連臉書、Intel都爭相投資的Jio Platforms是何方神聖？ 美國國務卿龐培歐宣稱中國對南中國海主權主張為非合法！ 北美股市週一開高走低，加州疫情影響宣布停止經濟重新開放計畫。 如果喜歡的話 歡迎幫我們分享和訂閱 IG: @onthewaytowork 歡迎大家來跟我們聊聊天https://www.instagram.com/onthewaytowork/ 圖片來源 CNN Powered by Firstory Hosting

Stai ascoltando un estratto gratuito di Ninja PRO, la selezione quotidiana di notizie per i professionisti del digital business. Con Ninja PRO puoi avere ogni giorno marketing insight, social media update, tech news, business events e una selezione di articoli di approfondimento dagli esperti della Redazione Ninja. Vai su www.ninja.it/ninjapro per abbonarti al servizio.Google investe 4 Mld $ in Jio Platforms. Continua la corsa delle compagnie USA ad investire nel colosso wireless Indiano. Il mercato è il più promettente tra quelli asiatici dopo la Cina. Microsoft sviluppa una voce artificiale in grado di cantare. Grazie all’AI il gigante del software ha creato una cantante virtuale con un timbro vocale che appare del tutto naturale. Il ritorno delle restrizioni per Covid-19. Dopo un momento di rilassamento riprendono norme e regole specifiche dovute a nuovi focolai in alcuni paesi.Tra questi la California, Hong-Kong e l’Australia.

After witnessing over 1 per cent rally in both the Sensex and Nifty last week, investors will now turn their attention on June quarter earnings, macro data and stock-specific developments. Global cues and updates related to Covid-19 will also remain on their radar. Retail inflation data will be announced today, followed by WPI inflation numbers tomorrow. In the second week of the June quarter earnings season, more than 60 companies including the likes of HDFC Bank, Infosys, Britannia Industries, Mindtree and Wipro will announce their results. Management commentary from these companies would be keenly watched for insights into how the Covid-19 pandemic has affected various sectors. In light of the earnings announcement, analysts expect a volatile week at the bourses and are advising investors to be cautious and stock-specific. Meanwhile, India reported 29,108 new Covid-19 cases on Sunday, taking its overall tally to over 8.79 lakh, according to Worldometer. The death toll from the infection now stands at 23,187 in India. Some states have announced area-specific lockdown after surge in number of cases there. A rise in similar trend might spoil the mood in the markets. One of the key events this week for the market participants will be Reliance Industries' 43rd Annual General Meeting which will be held on July 15 via a virtual mode. Analysts are expecting an update on the Saudi Aramco deal and possibly also on the reports circling about deal with the Future group. Meanwhile, the stock might trade actively in Monday's session after the conglomerate announced during the weekend that it has secured Rs 730 crore from Qualcomm for a 0.15 per cent equity stake in Jio Platforms. Besides, specialty chemicals company Rossari Biotech will launch its Rs 500-crore IPO today, ending a four-month lull in the primary market. The price band for the IPO is Rs 423 to Rs 425 per share. At the top end, the IPO size works out to nearly Rs 500 crore and implies a post-IPO market cap of Rs 2,207 crore. Also, the second tranche of Bharat Bond ETF will open for bidding between July 14-17, with two more new ETFs maturing in 2025 and 2031. According to reports, senior officials of the finance ministry are expected to brief their counterparts in the PMO today regarding the Centre’s stressed revenue position and ways to augment receipts at a time when the Indian economy is on track for a contraction due to the Covid-19 pandemic. And, now, let's have a quick look at the market snapshot for today. The Indian markets are likely to open higher today as indicated by the SGX Nifty which was trading around 10,830 levels, up 45 points around 7:20 AM. This comes on the back of firm global cues as Asian shares got off to a strong start on Monday. Japan’s Nikkei gained 1.4 per cent and Australia's ASX200 was up 0.7 per cent. In commodities, oil prices eased in early trade. Brent crude was last trading 0.83 per cent lower at $42.88 per barrel.

The Indian markets on Monday climbed off the day's high but still ended in the positive territory, thanks to buying in Reliance Industries (RIL), IT and metal stocks. The S&P BSE Sensex ended at 36,694, up 99 points, or 0.27 per cent having reclaimed the 37,000 levels earlier in the session. The broader Nifty50 index, meanwhile, ended above the crucial 10,800 mark at 10,815, up 47 points or 0.44 per cent. RIL rose over 3 per cent during the day and hit a lifetime high of Rs 1,947 on the BSE after it announced the sale of 0.15 per cent stake in Jio Platforms to Qualcomm Ventures for Rs 730 crore. The stock ended at Rs 1,934, up 3 per cent.    Besides, IT stocks such as Tech Mahindra, HCL Tech, and Infosys were among the top gainers on the BSE. On the other hand, financial counters such as Bajaj Finance, HDFC Bank, and HDFC ended as the biggest losers. In the broader market, the S&P BSE MidCap index ended flat at 13,403.74, up 0.05 per cent while the S&P BSE SmallCap index closed the day at 12,784, down 0.15 per cent.  Buzzing stocks Shares of Hindustan Unilever (HUL) hit an over 10-week high of Rs 2,274 on the BSE during the day after the company announced that its board will meet on July 21 to consider special interim dividend. The stock ended at Rs 2,264.70, up 1.84 per cent.  Shares of HDFC Bank ended over 2 per cent lower at Rs 1,080 on the BSE after a Bloomberg report alleged that the bank was probing allegations of improper lending practices and conflicts of interests in its vehicle-financing operation. Avenue Supermarts tumbled up to 6 per cent to Rs 2,182 on the BSE after the firm's consolidated net profit for the June quarter declined 87.61 per cent to Rs 40 crore compared to a profit of Rs 323 crore in the same quarter last year. The stock ended at Rs 2,232, down over 3.8 per cent.

Turkey's current account balance shows deficit of $3.7B Turkey's current account balance has remained in deficit as the coronavirus continued to weigh on exports. The May deficit came in at 3-point-7 billion- dollars, marking the sixth consecutive month of a negative account balance. Meanwhile, retail sales shrank 16-percent on an annual basis, as people stayed at home to curb the spread of the disease. Alphabet's Google plans to invest $10B in India Alphabet's Google will invest 10-billion- dollars in India over the next five to seven years to help accelerate digitisation in its key growth market. The internet giant said it would inject money into the country's tech sector through infrastructure and equity investments. Earlier this year, rival Facebook invested 5-point-7 billion dollars in Indian telecoms company, Jio Platforms. Alibaba co-founder Jack Ma sells $9.6B worth of shares Alibaba co-founder Jack Ma has sold around 9-point-6 billion dollars worth' of the company's shares over the past year. His stake in the e-commerce giant is now down to 4-point-8 percent from nearly six-and- a-half percent a year ago. Ma retired as Alibaba's executive chairman in September to focus on philanthropy.

Ben and James discuss the Indian internet, TikTok, and whether or not the U.S. should ban it. Links Ben Thompson: Facebook Invests in Jio Platforms, The Building of Jio, Understanding the Deal — Stratechery Daily Update Ben Thompson: The China Cultural Clash — Stratechery Ben Thompson: India Bans Chinese Apps, The App Store Firewall — Stratechery Daily Update Hosts   Ben Thompson, @benthompson, Stratechery James Allworth, @jamesallworth, Harvard Business Review   Podcast Information   Feed iTunes SoundCloud Twitter Feedback

Ben and James discuss the Indian internet, TikTok, and whether or not the U.S. should ban it. Links Ben Thompson: Facebook Invests in Jio Platforms, The Building of Jio, Understanding the Deal — Stratechery Daily Update Ben Thompson: The China Cultural Clash — Stratechery Ben Thompson: India Bans Chinese Apps, The App Store Firewall — Stratechery Daily Update Hosts   Ben Thompson, @benthompson, Stratechery James Allworth, @jamesallworth, Harvard Business Review   Podcast Information   Feed iTunes SoundCloud Twitter Feedback

Indian market may see a flat-to-positive opening on Wednesday, as indicated by the SGX Nifty which was trading some 40 points higher at around 10,800 levels at 7:06 AM. The gains, however, might be capped by weak global cues. US stocks fell overnight, halting a five-day winning streak by the benchmark S&P 500 index. The Dow Jones fell 1.5 per cent, the S&P 500 lost 1. per cent, and the Nasdaq dropped 0.86 per cent. Asian stocks were also to down in Wednesday's early deals. Australian ASX 200 was down 0.2 per cent in early trading, while Japan's Nikkei was flat. On the earnings front, a total of 12 companies are slated to report their March quarter earnings today, while South Indian Bank is scheduled to report June quarter results. Meanwhile, India witnessed another massive spike of over 23,000 new Covid-cases on Tuesday. The total cases have now exceeded 7.43 lakh with 20,653 deaths. Although, there's some relief for investors on the India-China border tension front as the disengagement process between the armies of India and China continued on Tuesday. Chinese military removed temporary infrastructure and continued gradual withdrawal of troops from face-off sites in Hot Springs and Gogra in eastern Ladakh for the second consecutive day. Investors will today track the Cabinet meeting in which a couple announcements under the Atma Nirbhar Bharat Abhiyan will reportedly be considered. Besides, market participants will also react to stock-specific developments. Let's have a quick look at some of them. Reliance Industries might be in focus once again after the company said that Jio Platforms has received Rs 43,574 crore from Facebook for a 9.99 per cent stake in the company. The deal was announced on April 22. The Enforcement Directorate yesterday pressed money-laundering charges against the promoters of the GVK group of companies, officials of Mumbai International Airport, and a few other entities in connection with the alleged Rs 705-crore Mumbai airport scam. France's Groupe ADP has infused Rs 4,565 crore in GMR Airports Limited in second tranche of investment to purchase a total of 49 per cent shareholding in the company. After suffering a complete erosion of sales in April due to Covid-19 lockdown, recovery for Titan has been better than originally foreseen, the company said in its June quarter business update yesterday. So far, Titan has re-opened around 83 per cent of its stores across all businesses while the jewellery division has re-opened around 95 per cent of its Tanishq stores till date. And, in the end, some other top news investors should take note of. Franklin Templeton Mutual Fund is in talks with bond issuers to get unlisted debt securities listed on the bourses in order to shore up liquidity to some of these unlisted securities. Many countries may need debt restructuring in the aftermath of the global coronavirus pandemic and its economic fallout, the International Monetary Fund's chief economist Gita Gpoinath has said. Investments by sovereign wealth funds and pension funds in 34 key infrastructure sectors including hotels, cold chains, educational institutions, hospitals and gas pipelines will get tax exemptions on some categories of incomes, the CBDT has said. Read by Kanishka Gupta

Benchmark indices climbed off the day's top, but still ended around 0.5 per cent higher on Friday amid buying in IT, auto, and FMCG counters.  The S&P BSE Sensex ended at 36,021, up 178 points or 0.5 per cent, having risen to as high as 36,110 earlier in the day. The Nifty50 index settled above the 10,600 level at 10,607, up 56 points or 0.53 per cent. India VIX slipped 3 per cent to 25.69 levels. On a weekly basis, Sensex gained 2.41 per cent while Nifty added 2.16 per cent.  Bharti Airtel (up 4 per cent) and Bajaj Auto (up 2.5 per cent) were the top Sensex gainers. Reliance Industries gained 1.5 per cent after the company announced that Intel has invested Rs 1,894.5 crore in Jio Platforms for a 0.39 per cent stake.  Further, shares of defence companies rallied in the trade and climbed up to 12 per cent on the BSE after the Ministry of Defence (MoD) approved the purchase of weapons and equipments worth Rs 38,900 crore. Bharat Dynamics ended 12.55 per cent higher at Rs 375.80 on the BSE while Bharat Electronics gained 9 per cent to Rs 97.25.  Moreover, JB Chemcials rose 3 per cent during the day after it said global investment firm KKR will pick up a controlling stake of 54 per cent in the company. The stock, however, ended flat. Meanwhile, HDFC Life gained around 4.5 per cent as the company will replace Vedanta on Nifty with effect from July 31. In the broader market, the S&P BSE MidCap index rose 0.56 per cent while the S&P BSE SmallCap index gained 0.47 per cent.

Let's start with how the global markets have performed. Wall Street’s three major indexes closed higher overnight. The Dow Jones rose 0.5 per cent, the S&P 500 gained 0.43 per cent, and the Nasdaq Composite added 0.74 per cent. Asian stocks also inched higher in early deals. Both the Australian ASX200 and Japan's Nikkei were up 0.3 per cent each in early deals. The SGX Nifty, though, is trading with a slight cut and is indicating an open around 10,470 levels for the Nifty today. In commodities, oil prices pulled back after hitting their highest since early March. Brent was last trading at $42.61 a barrel. On the India-China front, the senior military commanders of the two countries had a 11-hour meeting yesterday after which Beijing  welcomed an agreement to “cool down the situation” along the Line of Actual Control. The Covid-19 cases situation, however, is showing almost no signs of improving as India again recorded over 15,000 cases in a day, taking its total to 4.56 lakh, according to Worldometer. The country's death toll is nearing the 14,500 mark. Besides these, individual stocks will react to respective corporate results. Bank of Baroda reported a profit of Rs 507 crore in the March quarter, helped by lower provisioning for bad loans. Asian Paints, though, missed Street estimates and saw its net profit fall 2.1 per cent year-on-year to Rs 461.9 crore as the nationwide lockdown impacted its sales. Today, a total of 85 companies, including the likes of Canara Bank, Indian Oil Corporation, GAIL, and India Cements, are scheduled to announce their March quarter earnings. And, now, a look at other top news of the day. Global private equity fund manager Blackstone has launched a block deal to raise between $250 million and $257 million in Embassy Office Parks REIT. The insurance regulator has allowed all insures – life and non-life – to offer short term health insurance policies specifically for covid-19. Chief Economic Advisor Krishnamurthy Subramanian, yesterday said a V-shaped recovery for the economy is possible this year, provided a vaccine is found to contain the Covid-19 pandemic. In the absence of a vaccine, the economic recovery will have to wait until next year, although that too is likely to be V-shaped, he said. Meanwhile, the Finance Ministry yesterday said the Indian economy was rebounding, citing examples of food grain procurement, electricity and fertiliser consumption, rail freight traffic, and other indicators. Ahead of its $5.7-billion investment in Jio Platforms, Facebook has sought legal advice pertaining to India’s new FDI policy towards neighbouring countries, particularly China and Hong Kong. While the social media giant is founded and headquartered in the US, being a public-listed company it has investment from several funds based out of China and Hong Kong. And, in the end, a quick look at how the Nifty is looking on the charts. According to HDFC Securities, Nifty yesterday closed on a strong wicket and is headed for the upside target of 10,900, which happens to be the 200-day SMA. Read by Chirinjibi Thapa

Last week can be described as a rollercoaster ride, as Asia’s tech community went through several ups and downs. Grab and One Championship announced layoffs early in the week, with affected personnel numbering in the hundreds. On the flip side, Disney+ posted a bunch of job openings in Singapore and Indonesia, while Jio Platforms made headlines with news that it bagged over US$15 billion of funding in just two months. Hear the details on all these stories and more on this inaugural episode of The Weekly Snapshot. More information on this episode here: https://www.techinasia.com/weekly-snapshot-news-grab-championship-jio-platforms Episode Sponsor: Podmetrics is a podcast analytics platform that enables podcasters to see all the data they need to know about their audience. It aggregates data from Anchor, Spotify, Chartable, Facebook Live, and YouTube in order to show a holistic view of a podcast's clout. Sign up for free at https://podmetrics.co/.

The Indian markets look set to open on a flat note today. The SGX Nifty is indicating an open at around 10,030 levels for the Nifty amid mixed global cues. On Wall Street, the Dow Jones fell 0.15 per cent, but the S&P 500 added 0.06 per cent while Nasdaq Composite also rose 0.3 per cent. Asian stocks were also mixed. Australian ASX200 rose 0.75 per cent, while Japan's Nikkei was flat. South Korea's KOSPI dipped 0.7 per cent, and. Hong Kong's Hang Seng index was down 0.3 per cent. In commodities, Brent crude was last up 0.2 per cent at $41.6 per barrel. Besides, investors will track the India-China standoff related developments while today's all party meeting over the issue will also be on their radar. Coronavirus-related newsflow and stock-specific moves will be the other major triggers. India added over 13,000 cases of Covid-19 in the last 24 hours, taking its total to over 3.81 lakh, according to Worldometer. Death toll now stands at 12,604. Sources have told Business Standard that Remdesivir, a potential treatment for Covid-19, is expected to be widely available in the Indian market by the end of this month. On the results front, Whirlpool of India reported a 26 per cent year-on-year drop in its profit before tax for the March quarter while operating revenue dipped marginally to Rs 1,354 crore. A total of 46 companies, including Punjab National Bank, LIC Housing Finance, and Cadila Healthcare are scheduled to announce their March quarter earnings today. Now, let's look at some company-specific developments. Reliance Industries yesterday announced that it sold a 2.32 per cent stake in Jio Platforms to Saudi Arabia's Public Investment Fund for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 trillion in two months. Moreover, sources have told Business Standard that Reliance Industries is closing in on a deal that would see it acquire stakes in some units of Future Group. An agreement on that front could be announced as early as next month. Tata Motors is also expected to trade actively today after Moody’s downgraded the company's corporate family rating and the senior unsecured instruments rating to B1 from Ba3. The outlook on all ratings have been changed to negative from ratings under review. Moody's cited a sustained deterioration in Tata Motors’ credit profile as the reason for the downgrade. The retail portion of HDFC AMC's Rs 2,800-crore offer for sale has garnered 82.3 per cent subscription. The share sale however, has sailed through as the institutional investor portion was oversubscribed. And, in the end, let's go through some other top news. The Supreme Court will today hear Franklin Templeton Mutual Fund’s appeal to vacate the stay order on unit holders’ e-voting process . Incidentally, the Gujarat High Court will also hear the plea filed by the Sebi on seeking remedy from the single-judge bench stay order of the high court. The Sebi yesterday said the measures aimed at containing the wild swings in stock prices would continue till July 30. In March, the market regulator had imposed restrictions on short-selling, increased margin requirements, and hiked penalties on violators. And, investments through participatory notes in the domestic capital market rose to Rs 60,027 crore till May-end, making it the second consecutive monthly increase.   Read by Kanishka Gupta

There seems to be a never-ending queue of investors lining up to buy shares of Jio Platforms Ltd. After all, the company has already raised $13.7 billion. Listen in to find out what is driving investors by the droves to Jio Platforms.

After declining over 1 per cent last week, the Indian equity markets this week will be guided by global cues, domestic trend of coronavirus cases and quarterly earnings. Besides, stock-specific action, partly due to the ongoing corporate results announcements, and the announcement of WPI inflation data for May scheduled for today will also be on investors' radar. On the results front, over 200 companies, including Tata Motors, HPCL, Pidilite Industries, and, LIC Housing Finance are scheduled to report their earnings this week. Investors will also monitor other factors like the trend in rupee and crude oil prices, analysts said. India's tally of coronavirus cases has spiked to 3.33 lakh and the death toll has crossed the 9,500 mark, according to Worldometer. On Tuesday and Wednesday, Prime Minister Narendra Modi is slated to hold virtual meet with chief ministers and Union Territory representatives against the backdrop of the rising number of Covid-19 cases. Moreover, China recorded its highest spike in daily cases in two months, sparking fears of a second wave of infections in the country. That sent investors in Asia scurrying for safe-havens, leading to a weak start for the Asian markets  today. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.25 per cent with Australian shares off 0.4 per cent and South Korea slipping 0.6 per cent. Japan’s Nikkei fell 0.75 per cent. In line with these trends, the SGX Nifty is also down around 40 points and is indicating a flat to lower opening for the Indian indices. In commodities, oil prices slipped with Brent down 2 per cent at $37.95 a barrel. The partly-paid shares of Reliance Industries will make their stock market debut in today's session. These shares were issued in rights issue programme, which concluded on June 3 and garnered 1.6 times subscription. Besides, RIL will be in focus after the announcement of some more foreign investment in Reliance Jio. The conglomerate announced on Saturday that private equity firm L Catterton was making an investment of Rs 1,894.50 crore for 0.39 per cent stake in Jio Platforms while global alternative asset firm TPG would invest Rs 4,546.8 crore for 0.93 per cent equity stake in Jio Platforms. Besides, investors will also keep track of any newsflow on the Trump administration's action on the H1-B visa which will affect IT stocks. They will also keenly follow the next Supreme Court hearing on AGR scheduled for June 18 after the apex court asked the telecom companies to submit a plan of action and securities in the last hearing. Moreover, the hearing of the plea for the waiver of interest during moratorium is also scheduled to be taken up by the SC on June 17. Read by Kanishka Gupta

Erasing most of its early gains, the equity market settled with minor gains on Monday, led by buying in IT and financial counters.  The S&P BSE Sensex slipped 557 points from day's high to end at 34,370.58, up 83 points or  0.24 per cent while NSE's Nifty ended at 10,167 points, up 25 points or 0.25 per cent.  India VIX, the volatility index, climbed 3.64 per cent to 29.72 levels.  Of 30 stocks on Sensex, 16 ended in the green and rest 14 in the red. IndusInd Bank (up around 7 per cent) ended as the top gainer on the index after the private sector lender said that its promoters would acquire additional shares of the Bank from the secondary market.  Reliance Industries (RIL) hit yet another record peak of Rs 1,624 on the BSE after the oil-to-telecom behemoth announced 1.16 per cent stake sale in Jio Platforms, its digital services subsidiary, to Abu Dhabi Investment Authority (ADIA) for Rs 5,683.50 crore. The stock, however, reversed morning gains to end at 1,570, down 0.67 per cent.  Shares of oil marketing companies (OMCs) traded firm during the day after petrol and diesel prices were hiked by 60 paise per litre for a second straight day, thus ending an 83-day hiatus in rate revision.    Sectorally, IT stocks gained the most, followed by private bank stocks. The Nifty IT index jumped 1.83 per cent to 14,894.60 levels while Nifty Private Bank index ended at 11,545.60, up 1.28 per cent. On the flip side, Nifty Media declined 1.66 per cent while Nifty Pharma dropped 1.41 per cent to 9,939.10 levels.  In the broader market, the S&P BSE SmallCap index rallied around 1 per cent to 11,965.33 levels while the S&P BSE MidCap index ended at 12,583.61, up 0.23 per cent. 

The Indian markets look set to begin this week on a strong note. The SGX Nifty is indicating a gap-up open today with the Nifty likely to open at around 10,260 levels on the back of firm global cues. Throughout the week also, global trends will remain a major sentiment driver for the indices. Especially, the US Fed interest rate decision on Wednesday will be a key event for investors.   According to analysts, the domestic markets have largely been mirroring their global counterparts, and any negative development on the global front might derail the momentum. In that regard, investors will keep a keen eye on the US-China tensions. Today, Asian shares advanced in early deals. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent, with Japan's Nikkei rising 0.74 per cent. On the other hand, South Korea’s Kospi slipped 0.3 per cent. In commodities, oil prices rose to their highest in three months after OPEC and its allies including Russia agreed to extend record oil production cuts until the end of July. Brent crude climbed to as high as $43.41 a barrel and was last trading at $42.95, up 1.54 per cent. Apart from this, much of India will today have hotels, restaurants, malls, and places of worship reopening after 75 days of lockdown, but amid observing social-distancing norms. However, malls will remain shut until June 30 in certain states and union territories. And even though India looks to gradually open its economy, there's no respite on the Covid-19 front as India registered its highest single-day spike of cases on Sunday, with 10,864 new infections taking the country's tally to 2.57 lakh. The death toll rose to 7,207, according to Worldometer. As such, developments related to the spread of Covid-19 infections will remain a key concern for investors. In terms of corporate results, around 110 companies like PVR, Titan, Hero MotoCorp, Hindalco Industries and M&M will report their quarterly earnings this week, which may trigger stock-specific action. On the macro front, industrial production data for April and CPI inflation for May is due on Friday. The effect of the nationwide lockdown in April is likely to show in the industrial production data this time. Besides, the 40th meeting of the GST Council will be held on June 12 in which the impact of the pandemic on revenues of the Centre and states and ways to bridge the revenue gap is likely to be discussed. Reliance Industries will once again be in focus today after the conglomerate announced 1.16 per cent stake sale in Jio Platforms to Abu Dhabi Investment Authority. This is the eighth investment in Jio Platforms in seven weeks. So far, RIL has raised Rs 97,885.65 crore through 21.06 per cent stake sale to seven marquee investors. Now, let's look at some other main news of the day. The actual gross direct tax collection during 2019-20 fiscal dipped by 4.92 per cent to Rs 12.33 trillion on account on reduction in corporate tax rate, increased standard deduction and personal I-T exemption limit. And, in the end, sources tell Business Standard that the Centre is likely to designate the banking and financial sector strategic under the new privatisation policy. According to the source, discussions had also been held on privatising some state-owned banks that are not on the consolidation list so far. Read by: Kanishka Gupta

Listen now (21 min) | If there’s one person who has made the most out of this pandemic, it’s Mukesh Ambani. He has catapulted Jio Platforms into one of the most valuable companies in the world. In this episode, I invited Pranav Sanghvi and we spoke about the flurry of investments in Jio Platforms - specifically the investment made by Facebook. We discuss the future potential of Jio Platforms and the market that is up for grabs. Read more on https://thebazaar.substack.com/p/the-story-of-jio-7a1 Get on the email list at thebazaar.substack.com

On today's From the Newsroom, Reliance's Jio Platforms finds 6th big investor in Mubadal Investment Company. Wuhan discharged its last 3 COVID-19 patients, Wuhan was the first epicentre of the COVID-19 pandemic. Union Environment Minister Prakash Javadekar launches Urban Forests program to improve urban green cover in India. For latest news and updates, log on to www.deccanherald.com Check out our e-paper www.deccanheraldepaper.com To read news on the go, sign up to our Telegram channel t.me/deccanheraldnews

In late April 2020, Facebook announced its intention to invest INR435.74 billion (USD5.7 billion) for a 9.99% stake in Jio Platforms (the parent company to Reliance Jio, India's leading mobile operator) and, in a related move, to link up WhatsApp and JioMart (Reliance Industries’s click-and-collect e-grocery platform). In this podcast, Analyst, Inigo Barker discusses Facebook's investment in Jio platforms and the ramifications of the deal on India's telecoms and digital sectors. The associated article can be found here.

The Indian markets look set to follow the six successive days of gain with another gap-up open today, once again on the back of favourable global cues. The SGX Nifty is up 80 points and is indicating an open at around 10,150 levels for the Nifty, although investors can expect some volatility, it being the weekly expiry today. Wall Street rallied broadly overnight with the Nasdaq approaching record highs as signs of an economic recovery from mandated shutdowns helped investors look beyond US social unrest and pandemic worries. The Dow Jones rose 2.05 per cent, the S&P 500 gained 1.36 per cent and the Nasdaq Composite added 0.78 per cent. Asian equities also ticked up in Thursday's early deals. Australian ASX 200 rose 1.09 per cent and Japan’s Nikkei was up 0.8 per cent. Oil prices gained too and even briefly traded above $40 a barrel. Brent crude futures were last trading at $39.52 a barrel. Besides, investors will react to the corporate results announced post market hours yesterday. Hit by a loss of inventory, state-run Bharat Petroleum Corporation reported a pre-tax loss of Rs 2,959 crore for the quarter ended March 31. On the other hand, Aurobindo Pharma reported a 32 per cent jump in profit before tax at Rs 1,077.51 crore for the quarter on the back of increased revenue fuelled by formulations business growth across geographies.  Today, a total of 15 companies including DLF, PI Industries, and SRF are scheduled to announce their March quarter results. Meanwhile, HDFC Life will be in focus today as Standard Life is set to sell 4 crore shares of the company via block trades in the offer price range of Rs 490 and Rs 501 a share. Meanwhile, the number of coronavirus cases in India continues to swell. The cases surged by 9,638 in a day, taking its total number of coronavirus cases to 216,824, according to data compiled by Worldometer. The country's Covid-19 death toll now stands at 6,088. Now, let's move to other top news of the day. According to sources, the Union Cabinet yesterday cleared a proposal to suspend the IBC process for six months, which could be extended up to a year. The government is likely to promulgate an Ordinance soon to bring the change into effect. Facebook will acquire 9.9 per cent stake in Jio Platforms announced last month via a new entity -- Jaadhu Holdings LLC. In April, Facebook had announced an investment of $ 5.7 billion in Jio Platforms. Also, Reliance Industries’ Rs 53,125-crore fund raising initiative to reduce debt saw a stellar response from investors. The 422.6-million share offering received bids for 671.1 million shares, making it among the most subscribed rights offerings in India. And, in the end, rating agency Icra has said the air passenger traffic in the country is expected to remain under pressure for the first half of the current fiscal, with the full year passenger volume likely to go down by about half despite some recovery in the second half of FY21. Read by Kanishka Gupta

The Indian markets look set to open with modest gains, depicted by the SGX Nifty which is up around 50 points, largely on the back of firm global cues. However, the continuously rising Covid-19 cases in India might cap the gains. The total count of coronavirus cases in India has now crossed 1,50,000, according to Worldometer. Besides, investors will focus on earnings announcements and stock-specific action today although the upcoming derivatives expiry is likely to add to the volatility. Overnight, the US stocks closed higher although they climbed off the day's top on report that the Trump administration was weighing a range of sanctions on Chinese officials, businesses and financial institutions. Traders returned to the New York Stock Exchange after its trading floors were partially reopened after over two months. Overall, the Dow Jones ended 2.17 per cent up, the S&P 500 gained 1.23 per cent, and the Nasdaq Composite added 0.17 per cent. Asian equities also rose on Tuesday as China’s promise of more stimulus cheered investors, who set aside concerns about tense rhetoric between China and the US. MSCI's broadest index of Asia-Pacific shares outside Japan advanced 1.7 per cent overnight, with South Korea up 1.75 per cent and Chinese blue chips 1 per cent higher. In commodities, crude prices were buoyed by Russia’s saying its oil output had dropped close to its target for May and June. Brent futures rose 64 cents to settle at $36.17 a barrel. Another factor which might keep investor sentiment in check today will be the economic growth forecasts by various institutions. While both Fitch and CRISIL projected the Indian economy to contract 5 per cent in the current fiscal year due to a prolonged lockdown, SBI Research slashed economic contraction to 6.8 per cent from earlier 4.7 per cent. Moreover, India Ratings and Research has said it expects the aggregate fiscal deficit of states to rise to 4.5 per cent of their combined gross state domestic product in FY21, in part due to the lockdown. BofA Securities has said the Covid-19 pandemic will trigger a second wave of consolidation in India, resulting in big firms across sectors gaining further market share from smaller and unorganised players. Meanwhile, corporate results will induce stock-specific movements. Deepak Nitrite yesterday reported a 106 per cent spike in its net profit to Rs 116 crore during the quarter while VIP Industries' Q4 Profit slipped to Rs 9.52 crore from Rs 25.28 crore in the year-ago quarter. Today, a total of 21 companies, including Dabur India, Sun Pharma, and United Spirits are scheduled to announce their results. Reliance Industries is again expected to be in focus today after reports said that an overseas listing may be on the cards for Jio Platforms. According to sources, work in this regard may commence soon after RIL sells 20-25 per cent in Jio Platforms and the government issues direct listing guidelines.

The domestic equity market ended in the negative territory on Friday after the Reserve Bank of India (RBI) decided to cut the policy rate by 40 basis points from 4.4 per cent to 4 per cent to trim the impact of coronavirus on the economy. That apart, the central bank also extended the moratorium on loan repayments by three more months, resulting in sell-off in financial stocks.  Nifty Bank today tumbled over 2.5 per cent to 17,279 levels while Nifty Private Bank declined around 3 per cent to 9,421.55 points, with 8 out of 10 constituents ending in the red. The benchmark S&P BSE Sensex shed 260 points or 0.84 per cent to settle at 30,672.59. HDFC, HDFC Bank, ICICI Bank, and Axis Bank contributed the most to the Sensex's fall. On the other hand, IT majors, Infosys and TCS, supported the index. NSE's Nifty ended at 9,039, down 67 points or 0.74 per cent.  On a weekly basis, Sensex slipped 1.36 per cent and Nifty declined 1 per cent.  Among individual stocks, SBI Cards hit new low of Rs 495 on the BSE after the RBI announced an extension of the moratorium on loan EMIs by three months. The stock ended at Rs 510, down 6 per cent. RIL ended over 0.5 per cent lower at Rs 1,431.60 after the company announced that investment firm KKR will invest Rs 11,367 crore in Jio Platforms.  In the broader market, the S&P BSE MidCap index fell 0.83 per cent to 11,270  whereas the S&P BSE SmallCap index ended at 10,524.23, down 0.23 per cent.      Global markets World stocks took a hit on Friday as China moved to impose a new security law on Hong Kong after last year’s pro-democracy unrest, further straining fast-deteriorating US-China ties. Additionally, news that China has dropped its annual growth target for the first time added to concern about the fallout from the COVID-19 pandemic.  Among Asian shares, Hong Kong's Hang Seng index slid more than 5 per cent to a seven-week low, MSCI's broadest index of Asia-Pacific shares outside Japan fell 2.7 per cent. Japan's Nikkei slipped 0.8 per cent, while US stock futures fell almost 1 per cent -- pointing to a weak open for Wall Street. European shares, too, opened broadly lower.  In commodities, oil prices fell over 5 per cent towards $34 a barrel as tensions rose between the United States and China, and doubts grew about the pace of demand recovery from the coronavirus crisis. Markets will remain closed on Monday, May 25 on account of Eid al-Fitr. 

Investors will today track the 10 am press conference by RBI Governor Shaktikanta Das. Besides, global cues, and corporate results will be the other top triggers for the markets today. The SGX Nifty was pointing to a flat to lower start for the indices today after much of the global markets dipped. US equities pulled back amid the back-and-forth between China and the US over reports that Beijing was set to impose new national security legislation on Hong Kong. The Dow Jones fell 0.4 per cent, while the S&P 500 lost 0.78 per cent. The Nasdaq Composite dropped 0.97 per cent. Asian shares retreated in Friday's early deals on the US-China tensions. Hong Kong fell 3 per cent while Japan's Nikkei and Australia's ASX were down 0.2 per cent each. In commodities, Brent crude was trading around $35.75 per barrel. In the results corner, investors will first react to Bajaj Holdings and other results announced post market hours yesterday. Bajaj Holdings Q4 net profit declined 54 per cent YoY to Rs 361 crore while revenue came in at Rs 110 crore. A total of 25 companies including Alembic Pharmaceuticals, IDFC First Bank, and UPL, are scheduled to announce their March quarter earnings later in the day. Reliance Industries will one again be in focus after the conglomerate said that KKR would invest Rs 11,367 crore into Jio Platforms for 2.32 per cent equity stake.  Let's move to updates on Covid-19. With 5,609 cases in a single day, the total coronavirus count in India has risen to 114,478, according to Worldometer data. As many as 3,465 people have died from the disease so far. Globally, over 51 lakh people have been infected by the disease so far. And now, let's look at some other top developments. India Ratings has warned that the stress emerging from the severe economic shock caused by steps to contain the pandemic may drive total slippages to Rs 5.5 trillion in FY21. The corporate side may see slippages of Rs 3.4 trillion, and non-corporate side may account for Rs 2.1 trillion, it said. Globally, the Bank of Japan has kept monetary settings unchanged. In an emergency policy meeting, the central bank also decided to launch a new lending facility that aims to channel more funds to small and midsize businesses suffering from the economic blow of the coronavirus pandemic. China refrained from setting a 2020 GDP growth target and pledged to step up spending and financing to support its economy. Back home, the government has said will provide one-time partial credit guarantee of up to Rs 10,000 crore to banks for purchase of bonds, commercial papers and pooled assets of NBFCs and HDFCs. Meanwhile, the Aditya Birla Sun Life Mutual Fund has suspended fresh subscriptions to its credit-oriented schemes credit risk fund and medium duration fund, in order to avoid dilution of gains for existing investors from the expected recoveries. The barring of subscriptions is effective from today. Read by: Kanishka Gupta

Today on 17th May 2020, General Atlantic Partners invested around ₹6598 Crores in Jio Platforms which is around 1.34% stake in R Jio. With this investment total Investment in R Jio in last four weeks is around ₹67,000 Crores. Facebook (9.99%), Silver Lake (1.15%),Vista (2.32%) invested in Jio Platforms before General Atlantic Partners. Tomorrow on 18th May Stocksbaazigar expects good buying in Reliance industries stock due to this news. Do grab this opportunity. Reliance industries is long term portfolio stock and you should definitely have it in your portfolio. Thank you for listening to my podcast. Do visit my website www.stocksbaazigar.com for more such financial updates. Follow Stocksbaazigar on Twitter, Instagram, YouTube and Facebook Page too. Thank you.

The Indian markets will today react to a host of developments over the weekend which includes the extension of the nationwide lockdown, announcements by Finance Minister Nirmala Sitharaman, and rising number of Covid-19 cases. The Centre extended the nationwide lockdown by another two weeks, until May 31, to contain the spread of the novel coronavirus. Lockdown 4.0, will although, come with some relaxations to pave the way for increased movement of people and facilitate more economic activity. In its fresh guidelines released late on Sunday, the Centre has empowered the states and union terrirories to delineate zones based on certain parameters and also allowed states to colour code smaller administrative units. Meanwhile, the number of cases in India shot up to 95,698 with 3,025 deaths, according to Worldometer. On the stimulus front, the Finance Minister announced the last set of them as part of about Rs 20 trillion fiscal stimulus announced by Prime Minister Narendra Modi.  According to the announcements, state-owned units will remain only in strategic areas, which, however, are yet to be defined, while those in other areas will be privatised. The FM raised the borrowing limit of states from 3 per cent of GDP to 5 per cent in FY21, but much of it is conditional on reforms. Although, this, together with the Centre’s additional borrowing of Rs 4.20 trillion, will take the combined fiscal deficit of the country to well over 10 per cent of GDP, analysts say. In another crucial move, the government also extended the suspension of the IBC to one year, against six months announced earlier, and the insolvency framework for MSMEs. According to experts, although some of these steps are indeed bold public sector reforms, it is unlikely to provide the immediate relief that India Inc needs. If investors read the announcements in similar vein, then more fall in the markets cannot be ruled out. As such, SGX Nifty was down around 30 points this morning at around 9,080 levels, signalling a lower start. On the other hand, Asian shares crept up on Monday. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 per cent. Japan's Nikkei and South Korean stocks were up 0.2 per cent each in early trade. In commodities, oil prices jumped to their highest in more than a month. Brent crude was last up 3.82 per cent at $33.74 a barrel. Corporate results will continue to pour in throughout the week. Companies like Bharti Airtel, Bajaj Auto, Colgate Palmolive, and Dr Reddy’s are scheduled to come out with their March quarter numbers this week. In stock-specific action, Reliance Industries will remain in focus today after the company announced selling 1.34 per cent stake in Jio Platforms to PE firm General Atlantic for Rs 6,598.38 crore to accelerate consumer business and cut debt. This is the fourth such stake sale within a month. So far, RIL has raised Rs 67,194.75 crore by selling 14.8 per cent in Jio. Moreover, RIL's Rs 53,125 crore rights issue will kick-off on May 20. Read by: Kanishka Gupta

In episode 325, Tim Culpan from Bloomberg joined us to dissect the most important deal that rocked the Asian business and technology landscape with Facebook investing 5.7B into Reliance Jio. We began the conversation with Tim to set the context behind the deal and what both Facebook & Reliance Jio Platforms stand to gain from this partnership and their ambitions to win the market with a super app concept that is now popular in China & Southeast Asia. Tim also examined the implications to what it means for the Chinese technology giants from Alibaba to Xiaomi in India and the US technology giants such as Google and Amazon. Last but not least, Tim discuss the recent debacles which SoftBank faced with their investments and whether there is a silver lining for the Vision Fund. Here are the interesting show notes and links to the discussion (with time-stamps included): Tim Culpan (@tculpan, Linkedin, Bloomberg), Columnist at Bloomberg [0:29] Since our last conversation, what have you been up to? [1:23] Facebook investment in Reliance Jio and its impact on India [2:39] Ref: Facebook and Ambani Can Be Happy Together by Tim Culpan and Why Facebook is betting big in India by Ravi Agrawal (Source: Foreign Policy) To start, Facebook has invested $5.7 billion for a 9.99% stake in India’s Reliance Jio Platforms, a three-and-a-half-year-old subsidiary of the nation’s most valued firm, Reliance Industries, and the biggest telecom operator in the country with more than 370 million subscribers and valued Jio at a pre-money valuation of $65.95 billion, makes Facebook the largest minority shareholder in the Indian telecom network. To help our audience to start the conversation, what does the telco Reliance Jio do and why they are influential in the India telco market? (Note: Mukesh Ambani is the richest tycoon in India - see AA episode 264 with James Crabtree who profiled him and his family in the book “The Billionaire Raj”) What is Jio Platforms and Mukesh Ambani, the person behind Jio Platforms and his ownership of Reliance Industries, the largest Indian conglomerate. [4:38] Why did Facebook invest in Jio? [6:58] How will Facebook extend its influence of its platform (and we include Whatsapp and Instagram) across India through this investment in Reliance Jio? [8:33] How would this partnership between Facebook and Reliance Jio Platforms help the small and medium businesses and jumpstart their Jio Mart initiative? [10:51] Does Jio Mart will built or be built into the super app under Whatsapp based on this alliance? [13:25] What does this alliance between Facebook and Reliance mean for the China tech giants (Bytedance, Alibaba via Paytm, Xiaomi and Tencent) in Indian market? [15:00] Will Google and Amazon consider the same path now that Facebook did the investment? [18:10] What does Reliance Jio gain from the alliance with Facebook in India? [19:51] How will ecommerce or the mobile landscape change in India with this alliance? [21:25] What does this mean for China and US tech giants entering into India which is becoming more protectionist in the past two years? [22:44] Will SoftBank’s Vision Fund fail in the end? [25:31] Ref: Masayoshi Son's Impatience Just Cost $17 Billion, Bankers Keep Vision Fund Going With Rubber Bands and Being a Sore Loser Doesn't Make WeWork’s Neumann Wrong Why did the Vision Fund experience a set of continued problems from its investees such as Wework and Oyo? [25:54] What can we learn from SoftBank’s other failed investments for example, Zume, the pizza startup in the Bay Area? (QOTD: “A visionary founder with a fire hose of money can’t solve every problem.” by Sarah McBride in the article)  [28:42] What has happened to companies which have gone public such as Slack and Uber? [31:06] Are there any silver linings for the Vision Fund, for example, Grab, Didi or Bytedance? [32:43] Does the Vision Fund have a future? [35:50] Closing  [37:01] Any book or stuff to recommend? [37:19] Tim's recommendations: dance music in the 1980s, 1990s & 2000s and Youtube Where can our audience find you? [38:01] Podcast Information: RSS Feed Apple Podcasts Himalaya Spotify Libsyn Google Play Overcast FM SoundCloud Luminary Twitter Facebook Video Facebook Page Linkedin Stitcher Castbox RadioPublic Acast PodBean ListenNotes TuneIn The show is hosted and produced by Carol Yin (@CarolYujiaYin) and originally created by Bernard Leong (@bernardleong, Linkedin). Sound credits for the intro music: Taro Iwashiro, "The Beginning" from Red Cliff Soundtrack.

Reliance Industries Limited and Jio has announced that Vista Equity Partners will invest Rs 11,367 crore into Jio Platforms. This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Vista's investment will translate into a 2.32 percent equity stake in Jio Platforms on a fully diluted basis, making Vista the largest investor in Jio Platforms, behind Reliance Industries and Facebook. In this episode, co-founder and executive producer of The Next Crunch, Tanmay Patange explains what these investments mean to Reliance Jio and how they will impact India's economy in the near future. Official website of The Next Crunch podcast - https://www.thenextcrunch.com Subscribe The Next Crunch on YouTube: https://youtube.com/TheNextCrunch Follow The Next Crunch on Twitter: https://twitter.com/TheNextCrunch Follow The Next Crunch on Instagram: https://instagram.com/TNCrunch

The Indian markets go into the final trading session of this week with firm global cues behind them which has lifted SGX Nifty by nearly 100 points. This sentiment should get bolstered by report that the government is working on a comprehensive financial package for all sectors although traders may turn cautious due to the constantly increasing cases of Covid-19. Let's start with the global cues. Wall Street’s indexes climbed on Thursday, following a clutch of upbeat earnings reports as investors looked past more weak jobs data. The Dow Jones rose 0.9 per cent and the S&P 500 gained 1.15 per cent. The Nasdaq gained 1.4 per cent and erased losses for 2020. Asian stocks tracked Wall Street gains in Friday's early deals. Japan’s Nikkei was last up 1.66 per cent and Australian ASX200 rose 0.9 per cent. South Korea's Kospi was up 1.34 per cent. In commodities, Brent crude rose 1.6 per cent to $29.95 per barrel. On the results front, RBL Bank yesterday reported a 54 per cent drop in its Q4 net profit to Rs 114.36 crore. On the other hand, the bank's net interest income rose to Rs 1,021 crore. Investors will react to RBL Bank's and other results announced post market hours yesterday. Today, a total of 13 companies, including SBI Cards and Shree Cements, are scheduled to announce their March quarter results today. Besides, ICICI Bank will also be in focus as the private lender will announce the results tomorrow. India's coronavirus cases tally increased to 56,351 with 1,889 deaths till now, according to Worldometer website. Globally, more than 39 lakh people have been infected so far. Investors will today digest a top official's comment that the government is working on a comprehensive financial package not only for MSMEs but for all sectors of the economy. Although another pertinent question at this point would be as to how soon will the relief package be delivered and investors will track newsflow regarding the same. Meanwhile, markets regulator, Sebi has asked Franklin Templeton, which recently decided to wind up six of its schemes, to “focus on returning the money of investors as soon as possible”. Over Rs 25,000 crore worth of investments are currently stuck in the six debt schemes wound up by the fund house. In company-specific news, Business Standard has picked up from its sources that Reliance Industries is considering selling its 4.9 per cent stake in Asian Paints valued at about $989 million. According to a separate report by CNBC TV18, PE firm, Vista Equity Partners, has said it will buy a 2.3 per cent stake in Jio Platforms for Rs 11,367 crore.  Meanwhile, the auditor of YES Bank has pointed out multiple breaches of the RBI’s norms and loan covenants by the private bank in FY20, warning that these may impact the bank’s ability to continue as a going concern.   Read by: Kanishka Gupta

Turkey's annual inflation slows to 10.9% in April Turkey's inflation slowed in April following four consecutive months of rises, as the coronavirus pandemic hit oil prices and economic activity. Consumer prices were up an annualised 10-point-9 percent last month, down from 11-point-9 percent in March. Last week, Turkey's central bank revised its year-end inflation forecast to 7-point-4 percent for 2020, down from 8-point-2 percent. US retailer J. Crew files for bankruptcy protection J Crew has become the first major US retail business to fall victim to the coronavirus crisis after filing for bankruptcy protection. The outbreak has forced the clothing retailer to close nearly 500 of its stores, which had already been struggling under a heavy debt load. The filing will eliminate 1-point-7 billion dollars of J-Crew's debt in exchange for it ceding ownership to creditors. Silver Lake to invest $747M in India's Jio Platforms US private equity firm, Silver Lake, has invested nearly 750-million- dollars in India's largest mobile operator, Jio Platforms. The deal comes days after Reliance Industries' digital arm secured 5-point-7 billion dollars from Facebook. The Indian conglomerate is looking to cut 21-billion- dollars of net debt by the end of the year.

Reliance Industries Ltd has announced another stake sale in its digital services subsidiary, Jio Platforms Ltd. Private equity firm Silver Lake will invest ₹5,655 crore in Jio Platforms for an effective 1.1% stake at an equity value of ₹4.9 trillion, a 12.5% premium to the Facebook deal. So what do this development mean for the Reliance stock? 

A global leader in technology investment Silver Lake will invest Rs 5655.75 crore into Jio Platforms, Reliance Industries announced on Monday. This investment values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore. That represents a 12.5 percent premium to the equity valuation of the Facebook investment announced on April 22, 2020. Commenting on the transaction with Silver Lake, Mukesh Ambani, Chairman and Managing Director, Reliance Industries Ltd, said. "I am delighted to welcome Silver Lake as a valued partner in continuing to grow and transform the Indian digital ecosystem for the benefit of all Indians." --- Support this podcast: https://anchor.fm/latestnewssuno/support

Reliance Jio has announced that American private equity firm Silver Lake is investing $750 million into Jio Platforms. This investment represents a 12.5% premium to the equity valuation of the Facebook investment, which was announced a few days ago. Reliance Jio says the investment led by Silver Lake is further testament to the world-class digital platform that Jio has built, powered by Cloud and Edge Computing, Artificial Intelligence, Internet of Things, among other technologies. Subscribe The Next Crunch on YouTube: https://youtube.com/TheNextCrunch Follow The Next Crunch on Twitter: https://twitter.com/TheNextCrunch Follow The Next Crunch on Instagram: https://instagram.com/TNCrunch

Interviews with Ramneek Kundra on his viral Twitter thread describing Facebook's $5.7bn investment in Jio Platforms, Max Wolff helping build the future of cryptocurrency at Compound Finance, and Muhammadraza Panju better known for his Twitter account as @yourMTLbroker, on his outlook for the markets. We also riff on his statements being featured by billionaire investor Howard Marks on CNBC. Also riffing on liberty in the face of pandemic, Biden, Social Security and Medicare funding, negative oil prices, sovereign debts, and IT'S TIME TO BUILD. watch on youtube live saturdays noon eastern and listen wherever you get your podcasts. support the show and get access to full show notes before the show goes live with a contribution on patreon. subscribe to the monthly newsletter, follow on instagram and twitter. Links reference in show: • How Tech Can Build • After the disease, the debt • What Would Keynes Do? • IT'S TIME TO BUILD • Autocrats see opportunity in disaster • Social Security Report • Oil Futures by no gradient, produced by Charlie "Finch" Finley, music by chris hoog

Destaque aos mais recentes movimentos estratégicos da Facebook, Netflix e Google.Facebook adquire quase 10% da empresa indiana Jio PlatformsNetflix duplica lucro no 1º trimestre de 2020Google prepara-se para lançar cartão de débitoProjeto Libra do Facebook vai incluir múltiplas moedas físicasSaiba mais sobre inovação e nova economia em Supertoast.pt. 

US equity markets climbed after two days of declines, buoyed by a combination of stabilising crude markets, some better-than-expected corporate earnings releases and expectations that the House of Representatives will pass a near US$500B emergency package that will provide additional aid to small business and funding for hospitals that was cleared by the Senate earlier this week - Dow up +457-points or +1.99% The broader S&P500 gained +2.29%, with Information Technology (up +3.87%) and Energy (+3.58%) leading all eleven primary sectors higher. L Brand Inc fell -15.51% and was briefly halted trading following a report that private equity firm Sycamore Partners was looking to cancel its deal to buy a majority stake in Victoria’s Secret. Avis Budget Group Inc rose more than >7% in the extended session after the rental-car company said it expects first-quarter sales modestly below consensus, thanks to a busy January and February. The technology-centric NASDAQ rose +2.75%. Facebook Inc (up +6.72%) announced that it will invest US$5.7B for a 9.99% stake in Jio Platforms, the digital technology arm of Indian billionaire Mukesh Ambani's sprawling conglomerate Reliance Industries.

On Wednesday, US tech giant Facebook announced that it would invest $5.7 billion (Rs 43,547 crores) in RIL's wholly-owned subsidiary Jio Platforms to expand its presence in India. With this investment, Facebook will own 9.9 per cent stake in Jio Platforms. This would be Facebook's biggest minority shareholding ever.   Reliance Jio, a part of Jio Platforms, has been the fastest-growing telecom network in the country since its launch in 2016. Jio has more than 388 million customers in India.   After the announcement, in early morning trade, shares of Reliance Industries (RIL) gained 7 per cent at Rs 1,326 on the BSE and with today’s gain, the stock of RIL has rallied 14 per cent from its Tuesday’s low of Rs 1,164.   In a press release shared by the company, it says, "This investment by Facebook values Jio Platforms at Rs 4.62 trillion pre-money enterprise values ($65.95 billion, assuming a conversion rate of Rs 70 to a US Dollar). Facebook’s investment will translate into a 9.99 per cent equity stake in Jio Platforms on a fully diluted basis," it added.   Besides, the company also mentioned that its goal is to enable new opportunities for businesses of all sizes, but especially for the more than 60 million small businesses across India.   In view of this investment, Facebook said that its focus would be to create ways for people and businesses to operate more effectively in a digitally growing economy.   Facebook also owns WhatsApp and Instagram.   Analysts believe even though Facebook may have picked 9.99 per cent stake in RJio, Bharti Airtel remains a ‘direct way’ to play the changing fortunes of the Indian telecom sector. That said, the Facebook-Reliance deal lends confidence in the Indian telecom sector and paves the way for RIL to become a net debt-free company by 2021, they say. To know more, tune in to this podcast

Indian equity markets inched higher on Wednesday, helped in great part by Reliance Industries (RIL), which ended over 10 per cent higher after the company announced that Facebook would invest Rs 43,547 crore ($5.7 billion) in the company’s wholly-owned subsidiary Jio Platforms to expand its presence in India.    Among headline indices, the S&P BSE Sensex ended at 31,379.55, up 743 points or 2.42 per cent while the NSE's Nifty ended at 9,187.30, up 206 points or 2.29 per cent. Fear guage, India VIX, slipped around 5 per cent to 42.98 levels.  RIL settled at Rs 1,363.35 apiece on the BSE, up 10.30 per cent. It emerged as the biggest gainer on Sensex, followed by Asian Paints (up 5 per cent), IndusInd Bank (up 3.7 per cent), and Maruti (up 3.6 per cent).   In the broader market, the S&P BSE MidCap gained 0.78 per cent to 11,567 levels while the S&P BSE SmallCap index ended at 10,642, up 0.73 per cent.  On the sectoral front, auto and FMCG stocks made decent gains with Nifty Auto ending 2.5 per cent higher at 5,427 levels.  Nifty FMCG also gained around 2.5 per cent to settle at  29,185. Nifty Bank rallied 1.5 per cent to 19,702-mark.  Nifty Media jumped nearly 7 per cent to 1,151 levels.   Buzzing stocks Besides RIL, other stocks that made news on Wednesday were Asian Paints, RBL Bank, and Bajaj Healthcare, among others.  Shares of Asian Paints hit an over one-month high of Rs 1,817, up 5 per cent on the BSE on the back of historic drop in crude oil prices. It ended at Rs 1,813.  On the other hand, RBL Bank hit a new low of Rs 102, down 7 per cent on the BSE in the intra-day trade, falling 20 per cent in the past three trading days on concerns of weak net earnings. The stock of the private sector lender slipped below its previous low of Rs 105.60 touched on April 7, 2020. In the past two months, it has tanked 67 per cent despite management clarification that the bank is a well-capitalised and profitable entity. The stock ended at Rs 105, nearly 4 per cent lower.    Bajaj Healthcare ended over 9 per cent higher at Rs 301.40. It hit a record high during the day.    Global Markets Oil slumped to less than $16 a barrel on Wednesday, hitting its lowest since 1999, with the market awash with excess supply as the economic fallout from the coronavirus pandemic continues to hammer demand for fuels. Brent crude, which fell 24 per cent in the previous session, touched $15.98 a barrel, its lowest since June 1999. It was trading down $1.83, or 9.5 per cent, at $17.50 at the time of writing of this report. US West Texas Intermediate CLc1 was down 15 cents, or 1.3 per cent, at $11.42. Asian share markets were on the defensive on Wednesday as the crude oil prices collapsed, sparking worries about further turmoil in the energy sector, already reeling from the heavy blow from global shutdowns. European shares are on course to claw back earlier losses with pan-European Euro Stoxx 50 futures up 0.98 per cent. MSCI’s broadest index of Asia-Pacific shares outside Japan fell as much as 1 per cent before erasing losses to last stand at 0.4 per cent higher while Japan’s Nikkei slumped 0.7 per cent.

US equity markets climbed after two days of declines, buoyed by a combination of stabilising crude markets, some better-than-expected corporate earnings releases and expectations that the House of Representatives will pass a near US$500B emergency package that will provide additional aid to small business and funding for hospitals that was cleared by the Senate earlier this week - Dow up +457-points or +1.99% The broader S&P500 gained +2.29%, with Information Technology (up +3.87%) and Energy (+3.58%) leading all eleven primary sectors higher. L Brand Inc fell -15.51% and was briefly halted trading following a report that private equity firm Sycamore Partners was looking to cancel its deal to buy a majority stake in Victoria's Secret. Avis Budget Group Inc rose more than >7% in the extended session after the rental-car company said it expects first-quarter sales modestly below consensus, thanks to a busy January and February. The technology-centric NASDAQ rose +2.75%. Facebook Inc (up +6.72%) announced that it will invest US$5.7B for a 9.99% stake in Jio Platforms, the digital technology arm of Indian billionaire Mukesh Ambani's sprawling conglomerate Reliance Industries.

1. Assam Health Minister Himanta Biswa Sarma informed that home bound or office bound workers will be provided transport on 25, 26, 27 April. For this e-pass needs to be acquired from DCs of localities. Only after proper permission is obtained the travel can take place. The first category of people will be patients. Second category of people will be those who have private cars and want to reach home. Additionally, contractors with limited number of migrant workers can move after complying with MHA guidelines. For those who are stuck within the state, transport will be arranged via ASTC which will ply on certain designated routes on 25, 26, 27 April. To avail services people can call on 104. As much as possible, requests will be accommodated by the state, informed Sarma. He also shared a link on his Twitter account. 2. No school can increase fees without prior approval of govt. informed Himanta Biswa Sarma during a press conference. Also, all private schools can charge 50% fees in April, he said. There will be no salary cut for teachers, employees in private schools. Schools violating rules will be shut down under disaster management act. 3. State govt has helped 34 people from Assam stuck outside the country, informed Himanta Biswa Sarma during a press conference. $1000 has been sent, Additional thousand dollars will reach them soon, he said. 717 people with severe health issues seeking treatment outside the state have been helped, informed Sarma. State has also helped 1 lakh 2000 families stuck outside Assam, informed Sarma. 4. From April 22, Assam government has decided to increase fuel prices by Rs 1 litre of petrol will cost Rs. 77.46 while diesel will cost Rs. 70.50 per litre. 5. Youngsters who feasted on deer, wild cat in Nagaland have surrendered, informed Nagaland Forest Department. The suspects who were tracked down after the incident was reported surrendered before the Wildlife Wing of the Department of Environment, Forests and Climate Change of Nagaland. In a viral video, some youngsters in Nagaland were seen feasting on wild animals such as deer and wild cat to celebrate ‘lockdown festival." 6. Government to impose Rs 2-5 lakh fine to 7 years jail for those who attack health workers. Cabinet has approved promulgation of Ordinance to amend the Epidemic Diseases Act, 1897 making such acts of violence as cognizable and non-bailable offences and to provide compensation for injury to healthcare service personnel or for causing damage or loss to the property, said Information and Broadcasting minister Prakash Javadekar during media briefing. “Investigations will be completed in 30 days. There will be stringent punishment including fines up to Rs 2 lakh. If serious cases, the punishment will be imprisonment up to seven years and fine up to Rs five lakh…The message is clear. No attacks on health staff and doctors will be tolerated,” he added. 7. Facebook has bought 10% stake in Jio worth Rs 43,574 crore. This makes it the biggest FDI in India, claim reports. Jio owned by Reliance Industries Ltd (RIL) said in another statement, “Facebook's investment will translate into a 9.99 per cent equity stake in Jio Platforms on a fully diluted basis.” The FB deal is part of value unlocking by RIL to cut its debt. 8. An employee working at Ministry of Civil Aviation has tested positive for COVID-19. The Ministry tweeted and informed that the person who attended office on 15 April 2020 has tested positive for COVID19 on 21st April. All necessary protocols are being stringently followed on the Premises. All colleagues who came in contact are being asked to go into self isolation as a precaution

Reliance Industries Limited, Jio Platforms Limited, and Facebook, Inc. today announced the signing of binding agreements for an investment of ₹ 43574 crores by Facebook into Jio Platforms. This investment by Facebook values Jio Platforms at ₹ 4.62 lakh crore pre-money enterprise value. Facebook's investment will translate into a 9.99 percent equity stake in Reliance Jio Platforms on a fully diluted basis. Jio Platforms, a wholly-owned subsidiary of Reliance Industries Ltd, houses digital services of the group. Reliance Jio Infocomm Ltd, with 388 million subscribers, is a wholly-owned subsidiary of Jio Platforms. --- Support this podcast: https://anchor.fm/latestnewssuno/support

1. อธิบายมาตรการเยียวยาลดค่าไฟฟ้า 2. วุฒิสภาสหรัฐฯ ผ่านร่างมาตรการเยียวยา 4.84 แสนล้าน 3. Facebook ประกาศลงทุนใน Jio Platforms ของอินเดีย

1. อธิบายมาตรการเยียวยาลดค่าไฟฟ้า2. วุฒิสภาสหรัฐฯ ผ่านร่างมาตรการเยียวยา 4.84 แสนล้าน3. Facebook ประกาศลงทุนใน Jio Platforms ของอินเดีย

The big news today is again the oil meltdown which spread to the June contract overnight. The WTI crude price plummeted 43 per cent to below $12 a barrel as there seems to be no end in sight to a swelling global crude glut as the coronavirus pandemic has obliterated demand for fuel. Brent futures for June also slumped 24 per cent to close at $19.33 a barrel, their lowest level since February 2002, although the contracts recovered a tad early Wednesday. Wall Street tumbled for a second straight day largely due to the collapse in US oil prices. The Dow Jones fell 2.67 per cent, while the S&P 500 lost 3 per cent. The Nasdaq Composite dropped 3.48 per cent. Things are gloomy for Asian indices as well. Japan's Nikkei dropped over 1.5 per cent in early trading while Australian ASX 200 was down over half a per cent. Hong Kong’s Hang Seng also lost 1 per cent. After yesterday's over 3 per cent fall, the Indian markets are again expected to open lower and the SGX Nifty is indicating a cut of around 60 points at the start. In today's session, Reliance Industries will be a major focus. The Mukesh Ambani-led conglomerate today announced that it has signed binding agreements for an investment of Rs 43,574 crore by Facebook into Jio Platforms. This will make Facebook the largest minority shareholder in the Indian company with 9.99 per cent equity stake. Meanwhile, India's coronavirus cases have risen to over 20,000 now with 645 deaths, according to Worldometer. Globally, over 25 lakh people have been infected and 1.77 lakh have died so far. Sebi has extended validity of regulatory approval for launching IPO and rights issue by six months in the wake of the pandemic. It has also reduced the threshold for minimum subscription requirements for a rights issue from the existing 90 per cent to 75 per cent of the offer size. According to a Business Standard report, the RBI is actively considering introducing Standing Deposit Facility for liquidity management, based on which banks can park as much money as they want without getting collateral, and at a lower rate than the reverse repo. And, let's end today's podcast with this report that says the sale of Air India is expected to be delayed for a second time, with the Centre planning to extend the last date for the expression of interest,from April 30 to a yet-to-be announced date. Read by: Kanishka Gupta