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Mukesh Ambani Led Reliance JIO inks deal with Social Media giant Facebook. Facebook To Invest ₹ 43,574 Crore In Jio Platforms For A 9.99% Stake

Mumbai, April 22, 2020: Reliance Industries Limited (“Reliance Industries”), Jio Platforms Limited(“Jio Platforms”) and Facebook, Inc. (“Facebook”) today announced the signing of bindingagreements for an investment of ₹ 43,574 crore by Facebook into Jio Platforms. This investmentby Facebook values Jio Platforms at ₹ 4.62 lakh crore pre-money enterprise value ($65.95
Breaking News

Centre asks States and Union Territories for strict compliance of lockdown measures without any dilution to fight COVID-19

Home Ministry has urged States and Union Territories to ensure strict compliance and implementation of revised consolidated guidelines on lockdown measures without any dilution to fight COVID-19. In a letter to states, the Ministry observed that certain states are allowing activities not permitted under Home Ministry guidelines. Home Ministry spokesperson said Violations
Breaking News Business

India tightens FDI norms for investors from neighbouring countries in the wake of COVID-19 pandemic. Move intended to restrict China to control indian companies via automatic route

New Delhi. A company or an individual from a country that shares land border with India can invest in any sector here only after getting government approval, according to DPIIT. The decision, which is likely to impact foreign investments from countries like China, has been taken to curb “opportunistic takeovers or acquisitions” of domestic firms […]
Breaking News Business World

Living In A World Of Uncertainty. COVID-19 may change the world order like never before, People may come out of streets to get two meals a day.

Covid-19 pandemic has devastated the world with as many as 210 Countries and Territories around the world have reported a total of 2,252,370 confirmed cases of the coronavirus COVID-19 that originated from Wuhan, China, and a death toll of 154,322 deaths. India has reported the number of positive coronavirus cases in at 14,425,14,425 with death […]
Breaking News World

Despite huge and multiple challenges, India has been demonstrating unwavering commitment in its fight against the pandemic – WHO

The World Health Organization on Tuesday lauded “India’s tough and timely actions” against the coronavirus spread as Prime Minister Narendra Modi announced the extension of current lockdown till May 3. “It may be early to talk about results in numbers, but a six-week nationwide lockdown to facilitate effective physical distancing, coupled with the
Breaking News Health

Prime Minister Modi extends Lockdown till 3rd May, stringent Lockdown conditions till 20th April to counter emerging hotspots to check COVID-19

Prime Minister Narendra Modi on Tuesday announced that the current lockdown will be extended till May 3, saying it is very necessary to contain the spread of the coronavirus pandemic in the country. In a televised address to the nation, Modi said implementation of the lockdown will be strictly ensured in coming days to ensure […]
Breaking News Health

Global cases of coronavirus exceed 1.76 million: India cases at 8,446; US death toll overtakes Italy’s

Global cases of coronavirus exceed 1.76 million: India cases at 8,446; US death toll overtakes Italy’s Confirmed cases of COVID-19 have exceeded 1.76 million globally, with the death toll surpassing 108,000, according to Johns Hopkins University (JHU). Here is what we know so far: The total number of cases on the Chinese mainland has reached […]