New Delhi, Business Desk. Mukesh Ambani-led Reliance Industries Ltd (RIL) has reached an agreement between Geo Platforms Limited and Facebook. Under this, Facebook is buying 9.9 percent stake in Jio Platforms. That is, Facebook will invest Rs 43,574 crore in Jio Platforms. Both companies have given this information on Wednesday. RIL has said that the agreement has led to a commercial partnership agreement between Jio Flatforms, Reliance Retail and WhatsApp.
About the deal, Facebook said that the investment reflects their commitment to India. Facebook said, 'Jio has brought unexpected changes in India. Jio has brought more than 38.80 crore people online in less than four years. This agreement reflects our enthusiasm for Jio. We will work with Jio to reach more people. Significantly, JioMart is the new digital platform of Jio. Geomart and Facebook's WhatsApp plan to bring 30 million small Indian grocery stores online.
Facebook CEO Mark Zuckerberg said in a statement, 'There is a lot going on in the world at the moment, but I want to share with you an update about our work in India. Facebook is coming with Jio Platforms. We are making a financial investment and more than that we are committed to working together on some big projects that open up business opportunities for people across India. '
He further added, 'India is a big country using Facebook and WhatsApp. At the same time there are a lot of talented entrepreneurs. This country is currently standing in the midst of major digital transformation. Organizations like Jio have played a big role in bringing crores of Indians and small industries online. '
Zuckerberg went on to say, 'This is important at this time, because small businesses are a fundamental part of any economy and they are still needed by us. There are around 60 million small businesses in India and crores of people depend on them for jobs. There is a lockdown in many countries of the world at the moment and many entrepreneurs are feeling the need for digital tools so that they can reach their customers. We can use them a lot. That is why we have partnered with Jio. I thank Mukesh Ambani and the entire Jio team for this partnership. We are eager to get started. '
What is Bali's connection with NEET Paper Leak? CBI is busy investigating the horoscope of Oasis Principal, coaching teacher is also on the radar
Oasis School in Hazaribagh district of Jharkhand remains the center of CBI's investigation in the NEET question paper leak case. Now a teacher at a coaching institute here is also under investigation.
Bharat Jodo Yatra: Why did Rahul Gandhi start the journey after visiting Hanumanji, gave this message
With the visit of Hanumanji of Marghat in Delhi, the second phase of Rahul Gandhi's Bharat Jodo Yatra started. Thousands of people are walking with them on the journey. It includes Congress workers as
Koi Mil Gaya: 'Jadu' coming on screen again, 'Koi Mil Gaya' to be re-released after 20 years
Remember Hrithik Roshan's film 'Koi Mil Gaya'? This film, which came in the year 2003, had a lot of magic on the audience. Everyone from children to elders turned to theaters to watch this film. On
'I will resign from the post of President, I will also do the mineral deal, just America should do this work...' What did Zelensky demand from Trump?
Ukrainian President Volodymyr Zelensky's visit to the US was quite controversial. The verbal war between US President Trump, Vice President JD Vance, and Ukrainian President Zelensky in the Oval
Foreign Minister Jaishankar met Japan's Minister of State for Foreign Affairs, shared information on Twitter
External Affairs Minister S Jaishankar met Yamada Kenji, Minister of State for Foreign Affairs of Japan on Wednesday. Jaishankar shared this information on his Twitter handle and wrote that he had a
Will Apple Buy TikTok? The company has given this answer
A popular video app is facing a lot of difficulty these days. After being banned from India, there is a danger of a ban on tiktok in America as well. It was claimed in the reports that Tech giant
Prime Minister Narendra Modi said- Congress has never been concerned with the interest of Devbhoomi.
Describing himself as a servant of Devbhoomi, Prime Minister Narendra Modi said that the mountains, especially Uttarakhand, were neglected for decades. Congress governments never had anything to do
IND vs ENG: Batsman Yashasvi's poor fielding cost him heavily, he missed so many catches in the last three Tests, the team lost all three
Yashasvi Jaiswal is in a lot of discussions these days. He is in the dock after Team India's defeat at Headingley in Leeds. He dropped four catches in this match and all four then scored a lot of runs
Kohli overtakes Sachin-Dravid and Ganguly: Virat became the highest run-scorer in the opposition teams' home, Shardul also played a record innings
Africa won the first ODI between India and South Africa by 31 runs. In the match, there was a target of 297 runs in front of Team India, chasing which the team could only score 265/8 and lost the
IND vs SL: Mohd, who hunted five 'Sri Lankan lions' in a single match. Shami created another history in the World Cup
Mohammed Shami World Cup Wicket: Indian fast bowlers wreaked havoc at Wankhede Stadium. Bumrah gave success to India on the very first ball of the first over. After this, Siraj destroyed the top order
