Skip to main content

Sphero Indi Is a Tiny Robotic Car That Helps Children Learn Programming

Post a Comment

Microsoft Eyes Massive $2 Billion Investment in Jio Platforms; Report


Microsoft Eyes Massive $2 Billion Investment in Jio Platforms; Report

By Techtonic group

After picking up an investment from Facebook, Reliance Jio now seems to be on the radar of every investment firm. This subsidiary of Reliance Industries has sold a 17% stake, bagging investments from the likes of Silver Lake, KKR, and others. Now, the company's long-standing partner Microsoft is also looking to pitch in more than $2 billion and grab a sizeable piece of the pie.

As per a recent Hindustan Times report, Microsoft is eyeing a $2 billion investment in Jio Platforms for a 2.5% stake. Jio's valuation currently sits at around $65 billion. This will be the sixth investment in Jio Platforms within a span of close to two months if it goes through. All of them being from American firms.

Sources aware of the development suggest that the discussions are in early stages. The details are yet to be finalized but it will bring Jio Platforms a step closer to its overseas IPO goals. Mukesh Ambani is apparently prepping for a public offering in the US over the next 12 to 24 months.

Microsoft and Reliance Jio already have a partnership in place. The telecom giant data is hosted on Azure, Microsoft's cloud platform, in India. It also promised to offer free Jio connectivity and Azure, Microsoft 365 services to SMBs (small- and medium-scale businesses) in the country.

Apart from Microsoft, the company is also rumored to be in talks with Saudi Arabia's sovereign wealth fund for a minority stake sale. Jio Platforms will have raised close to $12.5 billion once all of the deals are done and dusted. This will enable the telecom giant, which has close to 400 million subscribers in India, to greatly reduce its debt and move closer to its goal of a net debt-free future.

Reliance Jio, for those unaware, has expanded beyond the telecom business and now offers a slew of other services. This includes Jio Fiber, the recently launched JioMart, AJio online fashion store, Jio Cinema and TV, and well, LYF-branded smartphones as well.

Labels:

Comments

Post a Comment

Popular posts from this blog

Instagram Parteners with Swiggy, Zomato to Let Resturant Add 'Food Order' Stickers in Stories

Instagram Parteners with Swiggy, Zomato to Let Resturant Add 'Food Order' Stickers in Stories By Techtonic group Instagram recently gave users the option to promote small (and local) businesses by placing a sticker in their Stories. Now, the company has partnered with two of India's renowned food delivery apps -  Swiggy and Zomato  - to bring a similar feature to the restaurant owners. It has debuted a new  'Food Order' sticker  that restaurants can include in their Stories to drive sales. The Coronavirus-led lockdown saw almost all restaurants and eateries shut shop for several days. And even when they opened, netizens have been wary to eat outside or order in due to hygiene concerns. Well, as restaurants open up in line with the WHO safety guidelines, they can now head to Instagram to find a new 'Food Orders' sticker in the Stories section. This new sticker is interactive and will  enable users to place food orders  simply by tapping on the sa...
Post a Comment
Read more

Xiaomi Mi True Wireless Earphones 2 To Launch Alongside Mi 10 on 8th May in India

Xiaomi Mi True Wireless Earphones 2 To Launch Alongside Mi 10 on 8th May in India By Techtonic group After multiple delays due to the nationwide lockdown, Xiaomi yesterday  announced  that its latest flagship smartphone - Mi 10 will launch in India on 8th May later this week. Now, the Chinese giant has taken to Twitter to reveal that it won't be the only product launching that day. Xiaomi uploaded a teaser video on Twitter just moments ago and it  reveals that the Mi True Wireless Earphones 2 will launch in India  alongside the Mi 10. The company first launched its truly wireless earbuds in China back in September last year, followed by a global launch in Europe in March earlier this year. Mi India ✔ @XiaomiIndia We love the wireless world. Mi fans, we're launching one more product you all have been waiting for, along with # Mi10 on May 8th. Leave your guesses in the comments.  RT if you #wirelessfreedom ...
2 comments
Read more

How to Sign out of One Google Account When Using Multiple Accounts

  You can sign in to one or more Google accounts simultaneously on both your mobile and PC, but you can’t sign out of one account at a time on the web. Instead, Google forces you to sign out of all accounts at once, even if you only want to log out of one or two accounts. It’s  not a problem on Android or iOS devices  because you can sign out of Google accounts one at a time. However, that’s not possible on the web. So today, we will show you a nifty workaround that will help you sign out of one Google account on any device when using multiple accounts. Sign Out of One Google (Gmail) Account When Using Multiple Accounts The inability to log out of a single Google account at a time may not be a big deal for people who only use one Gmail ID, but it is  really inconvenient  for folks who manage multiple accounts. This tutorial will show you a trick that will let you sign out of only one Google account on your computer instead of having to sign out of all accounts a...
Post a Comment
Read more