Jio Logo

Photo: Twitter / Reliancejio

Jio to Receive $2 Billion Investments from Saudi Arabia; PIF and ADIA

Public Investment Fund (PIF) of Saudi Arabia is in talks with Reliance Industries Limited (RIL) on investing USD 1 billion to purchase a stake in Jio's pan-India fibre assets. Earlier, PIF's rival company Abu Dhabi Investment Authority (ADIA) engaged in talks with RIL to invest USD 1 Billion in the fibre assets. "Saudi Aramco is already negotiating to invest in Reliance refining and petrochemical business," informed long-time Ambani family associate.

Fri, 21 Aug 2020 - 09:19 PM / by Bharat Sharma

You May Like


Mumbai Raises CNG Prices By Rs 6 Per Kg, PNG Prices By Rs 4 Per Unit With Immediate Effect

Mahanagar Gas (MGL), a Mumbai-based gas distributor, has announced a second price increase of Rs 6 per kilogram for compressed natural gas (CNG) and Rs 4 per unit for piped natural gas (PNG), both effective immediately. The price increase… read-more

TAGS: Mumbai, CNG, PNG, Price Hike, Mahanagar gas

Muvin Co-Foundr

Fintech Start-Up Caters Teen Audience For Finance Management

Muvin, teen-focussed pocket money, digital finance, and neo-banking apps have been in a rage, giving a new direction to the fintech sector in India. The startup by Vineet Gupta and Mukund Rao focuses on finances for teenage, instead of catering… read-more

TAGS: students, Start-up, Finances, Money Management, Muvin


Srikanth Founded Bbetter, Nutrition-Focused Startup, To Help People Manage Nutritional Deficiencies

Srikanth Ch was bedridden for two months due to disc-bulge, and started searching for natural supplements, he discovered most firms did not reveal lab-test results. In 2018, he decided to take action and co-founded "… read-more

TAGS: Hyderabad, Nutraceutical, Startup, Bbetter, Health supplement

Crypto Currency

ED Conducts Search At Mumbai Based WazirX Crypto Currency Partner

The Enforcement Directorate (ED) conducted searches on one of the Directors of Mumbai-based M/s Zanmai Lab Pvt Ltd, which owns the popular cryptocurrency exchange WazirX. Notably, the raid was in view of assisting accused Instant Loan APP… read-more

TAGS: Crypto Currency, WazirX, Enforcement Directorate, MONEY LAUNDERING, Instant Laon, search

ITR Filing

No Extension In Filing ITRs As Govt Wants Normalcy, Says Revenue Official

The Income Tax Department said there will be no extension in IT-Return filing. Notably, the Government decided not to extend the last ITR filing date which is July 31, as the Union Government wants to bring normalcy, disturbed amid Covid-19… read-more

TAGS: Modi Government , Income Tax, ITRs, Filings, deadline

Ashwini Vaishnaw

5G Services In India Expected To Begin In October; Services To Remain Economical: Ashwini Vaishnaw

5G services in India are likely to begin in October, according to Telecom Minister Ashwini Vaishnaw. "The Indian telecom market is the most affordable in… read-more

TAGS: 5G, India, Ashwini Vaishnaw, affordability, Networks