Singapore’s GIC to invest $752 million in Reliance Retail

GIC, Singapore’s sovereign wealth fund, will invest $752 million in Mukesh Ambani’s Reliance Retail, the Indian firm said Saturday midnight. The Government of Singapore Investment Corp is the fifth high-profile investor to back Reliance Retail, India’s largest retail chain, in the past four weeks. Reliance Retail — like its sister sibling Jio Platforms — is […]

TikTok-rival Triller inks deal with Reliance’s JioSaavn in India push

Triller, an app that functions similarly to TikTok, has inked a strategic partnership with a platform owned by India’s richest man to cash in on the Chinese app’s ban in its biggest international market. The Los Angeles-headquartered firm said on Monday it has partnered with Reliance’s JioSaavn music app to embed Triller videos into the […]

Intel to invest $253.5 million in India’s Reliance Jio Platforms

Intel said on Friday it will invest $253.5 million in Jio Platforms, joining a roster of high-profile investors including Facebook and Silver Lake that have backed India’s top telecom operator in recent months. The chipmaker’s investment arm said it is acquiring a 0.39% stake in Jio Platforms, giving the Indian firm a valuation of $65 […]