Why Covid-19 hasn’t hit Jio’s fundraising prospects
It is difficult for investors to find too many companies in which they can confidently invest at present. Jio is an exception since it offers exactly what a post-Covid world may need.
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RIL Q4 net profit down 37%
Despite a weak business outlook, RIL looks well-poised to progress on its debt reduction plans with Jio Platforms likely to see another Facebook-like deal and a rights issue.
RIL’s credit rating could be upgraded
Facebook’s $5.7-billion investment in RIL’s subsidiary will help both companies monetise their digital platforms; it will also aid in deleveraging RIL’s balance sheet, says Fitch Ratings.
RIL-Facebook deal lifts markets
RIL closed 10% higher, and contributed over 51% and 43% in the points gained by the Sensex and the Nifty 50.
FACEBOOK AND JIO INK $5.7-BN DEAL
The mega deal will help RIL deleverage and expand its new commerce initiative, while giving Facebook, Instagram, and WhatsApp access to Jio’s 388 million users.
Tech needs to have a broader impact: Nadella
Microsoft’s India-born CEO said the benefit of technology needs to reach more sectors than it did in the last decade and professionals need to marry domain knowledge with the ability to code.
Network18 to emerge as RIL’s media conglomerate
By folding diverse media and distribution businesses into Network18, RIL is building a media company of scale.
How Mukesh Ambani is rewriting RIL’s future
After two decades of relentlessly investing huge cash flows to create commodity-driven, asset-heavy businesses, the Reliance Industries chairman is thinking IPs, partnerships and, of course, data.
India Inc’s CSR spending grew 17.5% in FY19
A total of 1,132 NSE-listed companies spent ₹11,961 crore in FY19, an increase of 1.82 times over FY15, according to nseinfobase.com.
Jio, retail, and refining push RIL’s Q3 net profit up 13.5%
Profit from RIL’s digital services, retail, and refining helped offset weakness in its petrochemicals business.
