Hellow guys, Welcome to my website, and you are watching Facebook-Jio Deal: What This Partnership Can Achieve In India. and this vIdeo is uploaded by Swarajya at 2020-04-22T04:21:37-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | Facebook-Jio Deal: What This Partnership Can Achieve In India |
| Video Uploader | Video From Swarajya |
| Upload Date | This Video Uploaded At 22-04-2020 11:21:37 |
| Video Discription | Social media behemoth Facebook is pouring in Rs 43,574 crore for a 9.99 per cent stake in India's Reliance Industries Limited-led Jio Platforms -- the largest investment for a minority stake by a technology company anywhere in the world and the largest FDI in the Indian tech sector, according to an RIL statement. "This investment by Facebook values Jio Platforms at Rs 4.62 lakh crore ($65.95 billion) pre-money enterprise value, agreed at a conversion rate of Rs 70 to a US Dollar. Facebook''s investment will translate into a 9.99% equity stake in Jio Platforms on a fully diluted basis," RIL said. RIL chairman and managing director and Asia's richest man Mukesh Ambani said "the synergy between Jio and Facebook will help realise Prime Minister Narendra Modi''s ''Digital India'' Mission with its two ambitious goals -- ''Ease of Living'' and ''Ease of Doing Business'' -- for every single category of Indian people without exception". "I want to thank Mukesh Ambani and the entire Jio team for their partnership. We''re looking forward to getting started," Facebook founder and CEO Mark Zuckerberg wrote on his personal Facebook page. In USD terms, Facebook''s chief revenue officer values the investment at $5.7 billion. The digital transformation of India''s neighbourhood grocers or ''kirana'' stores occupies a central role in the early outcomes expected from the Facebook-Jio deal. * Subscribe to Swarajya on YouTube. Get a Swarajya subscription: https://subscriptions.swarajyamag.com/ Website: https://swarajyamag.com/ Twitter: https://twitter.com/SwarajyaMag Facebook: https://www.facebook.com/swarajyamag |
| Category | News & Politics |
| Tags | Swarajya videos | Swarajya magazine | Facebook | Facebook Jio | jio phone | jio | mukesh ambani | facebook | business news | reliance jio | facebook jio deal | facebook reliance jio deal | reliance industries limited | whatsapp | JioMart | jio latest news | jio news | reliance | mark zuckerberg | COVID-19 | coronavirus | big tech companies | wechat | gafa | facebook news | tech news | business news india | swarajya magazine |
