June 30th, 2018Reliance Industries is gearing to acquire Nasdaq listed telecom solutions provider Radisys Corporation for a whopping $75 million i.e approx (Rs. 510 crores), a move that would push it into an Internet of Things and 5G through Reliance Jio Infocomm.
According to the sources, RIL will pay $1.72 per share in cash for the buyout which...
April 13th, 2018Reliance Industries recently purchased a majority stake of 72.69% in Indiavidual Learning Pvt Ltd’s online education platform Embibe. Mukesh Ambani’s company is set to pour $180 million over the next three years in the company, according to stock market filings.
The deal will also see Lightbox and Kalaari Capital leave the online...
July 21st, 2017The much awaited Reliance Jio phone was launched by Akash Ambani and Isha Ambani, Mukuesh Ambani's son and daughter at the Annual Grand Meeting this morning.
The Jio Phone will help achieve PM Modi's dream of 'Made In India' said Akash at the AGM. The phone will support 22 languages, and will be available nation wide for...
