 New Delhi, Apr 22(ANI): Reliance Industries, Jio Platforms and Facebook, on April 21 announced the signing of binding agreements for an investment of Rs 43,574 crore by Facebook into Jio Platforms. The investment by Facebook values Jio Platforms at Rs 4.62 lakh crore pre-money enterprise values ($65.95 billion, assuming a conversion rate of 70 to a US Dollar). Facebook's investment will translate into a 9.99% equity stake in Jio Platforms on a fully diluted basis. The announcement was made after market hours on April 21. The partnership between Facebook and Jio is unprecedented in many ways. This is the largest investment for a minority stake by a technology company anywhere in the world and the largest FDI in the technology sector in India. 

Facebook to invest Rs 43,574 crore in Reliance Jio, largest FDI in India's tech sector

Airline in talks with Norse Atlantic Airways to lease 6 B787 aircraft

Chatterjee will replace Baldev Prakash, whose term comes to an end on December 29

There are currently no widespread critical bugs reported by users that would necessitate an urgent release

The new Sonic-inspired microSD cards are available in four distinct variants, each representing an iconic character from the Sonic the Hedgehog series

Over 58 lakh property cards providing 'Record of Rights' will be issued for owners in over 50,000 villages across 12 states and union territories on Friday at a virtual event which will be addressed by Prime Minister Narendra Modi, officials of Panchayati Raj Ministry said on Wednesday.
At least 13 union ministers will meanwhile address events in different states where the property cards will be distributed, officials said.
SVAMITVA Scheme, which was launched in 2020, aims at providing a "Record of Rights" to every property owner in the Village Abadi area.
Officials from the Panchayati Raj Ministry said the virtual event, which will be addressed by the Prime Minister, property cards will be issued to 58 lakh property owners in approximately 50,000 villages across 10 states - Chhattisgarh, Gujarat, Himachal Pradesh, Madhya Pradesh, Maharashtra, Mizoram, Odisha, Punjab, Rajasthan, Uttar Pradesh and two Union Territories-  Jammu-Kashmir and Ladakh.
Meanwhile, several union ministers w

'Record of Rights' will be issued for owners in over 50,000 villages across 12 states and union territories on Friday at a virtual event which will be addressed by Prime Minister

The latest World Malaria Report 2024, released by the World Health Organization (WHO), celebrates India's significant progress

The association's president, Atul Ganatra said that around 67 per cent of India's cotton is produced in rain-fed areas

According to the Nathealth-Hospital Federation of India, the sector is pushing for an increase in healthcare spending to 2.5 per cent of the GDP

According to the Nathealth-Healthcare Federation of India, the sector is pushing for an increase in healthcare spending to 2.5 per cent of the GDP

Russia-Ukraine War

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

Google Messages

In January, Google rolled out end-to-end encryption in group chats for messages app users enrolled in the beta programme

Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

Facebook to invest Rs 43,574 crore in Reliance Jio, largest FDI in India's tech sector

Explore News