Intel Capital curates thousands of business development introductions each year between its portfolio companies and the Global 2000.
Wendell Brooks, Intel Capital President, said that Jio Platforms' focus on applying its impressive engineering capabilities to bring the power of low-cost digital services to India aligns with Intel's
Mubadala is a trusted partner, an engaged shareholder and a responsible global company that is committed to world-class standards of governance.
RIL’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services.
Reliance Industries gained 0.54 per cent after global investment firm KKR said it will invest Rs 11,367 crore in Jio platforms. Tech Mahindra, Hero MotoCorp, IndusInd Bank and Asian Paints showed marginal gains.
RIL achieved consolidated revenue of Rs 659,205 crore ($ 87.1 billion), an increase of 5.4 per cent as compared to Rs 625,212 crore in the previous year.
US crude skidded by 14.24 per cent to 10.96 dollars a barrel while Brent crude fell by 4.05 per cent to 19.18 dollars per barrel.
#Lockdown के बीच #Facebook–#jio में बड़ी डील, फेसबुक 9.99 फीसदी हिस्सेदारी के लिए जिओ में निवेश करेगा 43,574 करोड़#JioFacebook Read-https://t.co/BDE4FY2zxh...
The partnership assumes special significance for India in the wake of the severe disruptions caused by the coronavirus pandemic in the Indian and the global economy.
Facebook's investment will translate into a 9.99 per cent equity stake in Jio Platforms on a fully diluted basis, the statement added.