Jio And Airtel Join Forces With SpaceX For Starlink
On March 11, 2025, India’s No. 2 telco, Bharti Airtel, signed a deal with Elon Musk’s SpaceX to bring Starlink internet services to India, intensifying its rivalry with Mukesh Ambani’s Jio. The deal is conditional upon Starlink getting government approval to begin operations in the country. Airtel shared that both companies would use each other’s…
abhinav singh
Meta Layoffs 2025: Over 3000 Employees to Lose Jobs
California-based Meta Platform Inc. is dismissing 3,000 employees, 5% of its workforce. An internal memo informed employees about this on Friday, February 7, 2025. The layoff process started on Sunday, February 9, 2025, at 2:30 AM IST (Indian Standard Time). Meta, VP (vice president) of human resources, Janelle Gale, posted the memo on Meta’s workplace…
Yash Sharma
Zomato Rebrands As Eternal – Introduces New Logo
The Indian multinational restaurant aggregator and food delivery company Zomato introduced a new logo on Thursday, February 6, 2025, and shared that it has renamed itself “Eternal.” This move comes after 2 years since the company began using the new name internally. The Eternal company comprises four major businesses: Zomato, the food delivery company; Blinkit,…
Shipra Prajapati
Reliance Consumer Products Ltd – Acquires SIL Food
In a major move to expand his business empire, Mukesh Ambani, the richest man in Asia, acquired SIL Food India under its RCPL (Reliance Consumer Products Ltd). The acquisition will not involve the company’s manufacturing facilities. Before RCPL acquired SIL, its owner was Food Service India. SIL Food India is a packaged food brand that…
Himanshu
Reliance Launches JioCoin To Enter The Crypto World
Recently, JioSphere users started to notice the addition of JioCoin, a crypto token listed on the Polygon crypto platform and built on Ethereum Layer 2. The JioCoin token appears on Android and iOS devices; however, the company has not officially announced the cryptocurrency. The Ambani-led Reliance shares, “JioCoins are blockchain-based reward tokens that users can…
4 Of Top 10 Firms’ Mcap Dropped By Rs 96,606 Crore
Among India’s top 10 most valued firms, the Mcap of 4 firms, namely Tata Consultancy Services, HDFC Bank, ICICI Bank, and SBI declined by Rs 96,605.66. Among these companies, HDFC witnessed the sharpest loss, with its valuation dropping by Rs 37,025.46 to Rs 13,37,919.84 crore. The value of ICICI dropped by Rs 29,324.55 crore, and…
JioHotstar Domain Dispute: The Reality Of Free Transfer
The Dubai-based siblings Jainam and Jivika are transferring the Jiohostar.com domain it to Reliance at no cost. They shared on the website, “Today, we write to you with mixed emotions. Our journey with jiohotstar.com is coming to an end, a journey that started with a simple act of kindness to help a young developer from…
Reliance And Nvidia’s Strategic Partnership In India
Chip behemoth Nvidia and Reliance Industries announced a partnership to bring an AI revolution to India. This move could significantly accelerate the country’s artificial intelligence capabilities. The announcement came during a fireside chat between Mukesh Ambani, the Reliance Chairman, and Jensen Huang, the CEO of Nvidia, at the Nvidia AI Summit 2024 held in Mumbai. …
Suryansh
Reliance Fires Back On TRAI’s Allocation Decision
According to the letter seen by Reuters, Reliance opposed the TRAI decision to allocate the home satellite broadband spectrum, a market that is poised to grow at a pace of 36% a year to reach $1.9 billion by 2030. The letter mentioned that the company argues that the regulator has wrongly concluded that the broadband…
Jai Anmol Ambani To Pay Fine To SEBI For Irregularities
The Securities and Exchange Board of India (SEBI) has fined Anil Ambani’s son, Jai Anmol Ambani, Rs. 1 crore for alleged irregularities in Reliance Home Finance. In the Reliance Home Finance matter, he failed to exercise due diligence while approving general-purpose corporate loans. Gopal Krishnan, the chief risk officer of Reliance Housing Finance, was also…