Business Standard Latest News || TPG Capitals buying stake in Jio platform

Business Standard Latest News || TPG Capitals buying stake in Jio platform

COMPANY UPDATES   June 12, 2020

Business Standard Latest News-: Many American companies like Facebook, silver have, KKR has invested in Jio

Business Standard Latest News -: The last investment in Jio was made by Abu Dabhi Investment Authority

Business Standard Latest News.US-based TPG Capital is in chats with Jio Platforms for capital investment. According to the telecom sector news today, there are chances that TPG may invest in jio. If the chances are in favor of arrangement, putting investment into Jio, TPG will surpass American private investors peers KKR, Silver Lake, and General Atlantic.

A quarter-billion dollars can be invested

TPG Uber, Airbnb, and SurveyManki are financial investors on the world's top innovation organizations. As per Current business news, TPG is been in the talkative term with the reliance industries jio platform. After the negotiation, TPG can invest a quarter billion dollars in the jio platform.

Be that as it may, capital investment by TPG  can likewise be up to $ 1.5 billion. As per sources, it will be reported in the coming days. Jio Platforms offered their first stake to Facebook. After this, consistently, there were investments made in reliance jio by other companies.

Jio has received Rs 97885.65 crore from the last 8 investments

Jio has successfully raised Rs 97,885.65 crore by selling a 21 percent stake of jio through eight capital investors. According to top financial news and more, Jio is having a subscriber base of 38.8 million. The telecom business has now become RIL's development motor. This is assisting the company in compensating quickly for developing retail business and the decrease in oil and petrochemicals.

Aside from capital reserves from Facebook and KKR, Middle-Eastern Sovereign investment fund like Mubadala and Abu Dhabi Investment Authority (ADIA) has additionally put their investment into Jio.

Business news highlight- The market value of Jio is almost 4.19 lakh crore.

The estimated valuation of Reliance jio is Rs 4.91 lakh crore. Saudi Arabia's Public Investment Fund (PIF) is likewise in talks with Jio Platforms for a capital investment of  $ 1.5 billion. This arrangement between both the organization is likewise possible in the following few days.

In February within this financial year, TPG Capital Asia VII raised $ 4.6 billion. TPG has put over $ 2 billion in divisions such us, Financial sectors, retail segments, and pharma industries in India.

Jio platform can sell 9 percent more stake

In the last 5 a month and a half, negotiations talks with TPG have shown interest over Jio for investment. In April, TPG made its first arrangement during the pandemic when it purchased an enormous stake in  LifeStance Health Inc.

As stated in Business daily news today, Mukesh Ambani can sell another 9 percent stake subsequent to selling in excess of 21 percent stake in Jio.

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Latest business news for today || Adidas announcement amidst racial controversy

Latest business news for today || Adidas announcement amidst racial controversy

COMPANY UPDATES   June 11, 2020

Latest Business News for Today-: Adidas will have 30 percent of job posts for black and Latin

Latest Business News for Today-: Adidas will donate $ 20 million to help the black community

The latest business news for today, Germany's Sports gear company Adidas (ADDYY) will currently utilize 30 percent of black representatives within the company. On Tuesday, the organization declared that about 30% of the posts in the US-based Adidas organization will be for dark and Latin workers as it were. Clarify that the organization has taken this choice after the racial and politically-sanctioned racial segregation debate. 

Adidas has begun another enrollment activity.

According to the international business news today, Floyd's passing away has warmed up the issue of racism around the world. Exhibits are being held everywhere throughout the world against politically-sanctioned racial segregation. From Geneva to America and Germany, individuals have come forward against racism. 

Floyd's final words, I can't accept, turned into a significant trademark of this development. American corporates are also responding strongly against the incident. Talking straightforwardly against politically-sanctioned racial segregation. Considering this, Adidas has begun another enrollment activity.

As per business line news today, Alexis Ohanian, promoter of social media site Reddit has left the organization's board. He encouraged the organization to select a black individual to this post. Simultaneously, he has added to put his income in the service for the black community of America.  

Black people group's commitment to organizational achievement. 

As per a report by the Portland Business Journal,  Adidas' North American central command headquarters in Portland, a large number of representatives have resigned from work. The explanation behind the resignation is that like other sports gear manufactures, even Adidas has restricted its sponsor's negotiation with dark sportsmen and black celebrities.

Adidas CEO Kasper Rorsted said in his announcement on Tuesday, "We all are seeing the protest against the racial incident from the last two weeks. We don't have any discrimination against our co-working employees. The companies entire workforce is safe." And can propel their careers with an equivalent chance, reported in business news English today headlines. 

The organization said that we perceive the immense commitment the black people network has made to our prosperity. "We anticipate improving our organization's way of life to guarantee value, assorted variety, and opportunity.  We accept that the battle against racism is one that must be battled reliably and effectively. We need to improve. '

The organization will donate 20 million dollars. 

Kasper Rorsted said the organization has chosen to recruit 30% of its dark and Latin workers. Posts have been made for them. Be that as it may, Adidas wouldn't state what level of its black people workforce as of now exists in the US or North America. however, Adidas has likewise chosen to give $ 20 million throughout the following four years to help black people networks. According to top financial news and more, Nike likewise declared a donation of $ 40 million to support the black people network.

Todays business news headlines || Mr. Amitabh Bachchan's voice on Google Maps.

Todays business news headlines || Mr. Amitabh Bachchan's voice on Google Maps.

TECH   June 10, 2020

Today's business news headlines-A woman's voice is heard on Google Maps in India. 

Today's business news headlines- Google is planning to include the voice of Bollywood superstar Amitabh Bachchan for Google Maps Navigation.

Today's business news headlines -If we talk about finding a way while driving, then there is hardly any better option than Google Maps. Google Maps has become a part of the driver, whether it is a taxi or a private vehicle. Currently, while using Google Maps, a woman is heard for directions. Due to which we reach our designated place. But now the company wants to use the voice of Bollywood superstar, Mr. Amitabh Bachchan, to voice this navigation.

According to the business news headline for today, now we can hear the voice of Amitabh Bachchan on Google Maps. In current times, the voice of Kereen Jacobson is heard on Google Maps giving us directions, who are residents of New York.

In a recent Midday report, it was said that Google can use the voice of Bollywood megastar Amitabh Bachchan in the app Google Maps showing its directions. As mentioned in Business live news today The company has also started talking to Amitabh Bachchan in this subject. Apart from being a famous personality, Amitabh is also known for his powerful voice.

His voice is one of the most liked voices in the country. This is the reason why the company wants to use this great voice in Google Apps. However, there is no confirmation from either the company or actor Mr. Amitabh Bachchan about this.

According to the latest India business news  Amitabh Bachchan and Ayushmann Khurrana's Flim "Gulabo Sitabo" is set to release on Amazon Prime Video on June 12 of this month.

Also Read 
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Business News in english today headline || Global economy at lowest state.

Business News in english today headline || Global economy at lowest state.

ECONOMY   June 09, 2020

Business News in English today headline. The global economic condition due to the COVID epidemic at its lowest level.

Business News in English today headline. After the second world war, the world economy has come down to the lowest level

In a discussion on the global economy on Monday. The World Bank said, that due to the outbreak of the epidemic, the global economy will see the deepest market conditions. After the Second World War. According to Business News in English today headline, this year, a 5.2 percent decline in the global economy is possible.

In the Global Economic Prospect released from Monday. David Malpass said that this will be the first time after 1870 when a virus epidemic will lead the world economy at its lowest level. David Malpass is the President of the World Bank.

David Malpass-PresidentWorld Bank.

Taking a closer look at today's Indian Economy news. The World Bank has estimated that a 3.2 percent decline in the Indian economy will be seen in the current financial year.

As per current financial news in India, India's growth rate was 7 percent in 2017. While it fell to 6.1 percent in 2018. The growth rate has been estimated at 4.2 percent in the year 2019-2020. The World Bank said that the impact of the epidemic in India will be seen more in the current financial year.

The biggest impact will be seen in Pakistan and Afghanistan.

The impact of the decline of the Indian Economy will be seen in the Economy of South Asia, it will fall by 2.7%. The biggest impact will be seen in Pakistan and Afghanistan, which are close to India. Where the decline in the economy has been estimated at 2.6% and 5.5%. The growth rate of Nepal is also going to decline by 1.8 percent.

Taking a closer look at the economy and international business news, The impact of the COVID epidemic will also be seen in the developed facilities. Where a total fall of 7% in the Economy will be seen. 2.5% decline will be seen in emerging markets and developing economies

The global bank has estimated that the income of people will also see a decline of 3.6 percent. Millions of people can go under poverty. The worst impact of the epidemic will be on the economies that depend more on,  Commodities, exports, external financing, tourists. Where poverty estimation has been much higher here.

The world has suffered economic crises a total of 14 times. 

After the impact of the economic crises of the year 1870. The world has suffered economic crises a total of 14 times. The effect of the epidemic will also be seen on the global capita GDP. Which is estimated to decline by a total of 6.2 percent as mentioned in the latest economic news. This decline will be even more worst than the tardiness in the year 1945–46. Also, the current slowdown in the world will be double the global financial crisis.

The largest decline in capita GDP can be seen in 2020 after the Economic crises of 1870. In a big way this year, the impact of the slowdown will be seen in 90 parts of the economy. It will be 5% more than the global crises in 1930-32. When 85% of the economy was in the grip of tardiness.

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Today's business news headlines-: ADIA invested Rs 5,683.50 crore in Jio.

Today's business news headlines-: ADIA invested Rs 5,683.50 crore in Jio.

COMPANY UPDATES   June 08, 2020

Today's Business News Headlines-: ADIA will get a 1.16 percent stake in Reliance Jio.

Today's business news headlines-: The Total amount on investment raised by Reliance Jio has been Rs 97,885.65 crore 

Today's business news headlines. Reliance Industries and Jio Platforms Limited have declared the Sunday Deal. Abu Dhabi Investment Authority (ADIA) has contributed Rs 5,683.50 crore in reliance industries Jio platform. The Investment is made at an equity value of Rs 4.91 lack crore and the enterprise value estimation value of Rs 5.16 lacks crore. Consequently, ADIA will get a 1.16 percent stake in Reliance Jio. The total amount on investment raised by Reliance Jio has been Rs 97,885.65 crore under seven weeks, According to the business news headline for today.  

Silver Lake who was the second investor in reliance Jio made its last investment on Friday. Along these lines, Silver Lake has contributed a sum of Rs 10,202.55 crore in the Jio platform combining multiple times investments.

On Friday, two ventures made an investment in Jio 

Current Business News, on Friday, two investors companies made an investment in Jio. Out of this, Mubadala investment was of Rs 9,039 crore while Silver Lake put Rs 10,202.55 crore in two stages. These investments were made on equity and enterprise value of Jio. A capital investment of Rs 4,546.80 crore was made on Friday and 5,655.75 crores were contributed on 4 May. Silver Lake has invested its capital at an equity valuation of 4.91 lakh crores. And 5.16 lack crores based on the enterprise value of reliance Jio. With this, Silver Lake will get a 2.08 percent stake in Reliance Jio.

The total amount raised by the Reliance Jio platform has now crossed Rs 97,885 crore. ADIA was the eighth investor in the past seven weeks. Along with rights issues, Reliance has gathered an aggregate sum of more than Rs 1.10 lack crore, including capital investment and rights issues. 

An aggregate amount of 1.10 lack crore rupees has been raised- Business daily news today 

Mubadala's investment was based on the equity value of 4.91 lack crore and an enterprise value of 5.16 lack crore. Mubadala now holds a 1.58% stake in Reliance Jio platform. Through right issue reliance now own 53125 crores.  Along with 97885 crores of capital investment. With this, an aggregate amount of 1.10 lack crore rupees has been raised by the company to repay the debt. 

Mubadala the first non-US organization to invest in the Jio platform. 

As per business news today India in English, Reliance Jio platform remains the first decision of American organizations while considering an investment. Mubadala has now become the first non-US organization to invest its capital in Jio. In past companies like Facebook, Silver Lake, Vista Equity Partners, General Atlantic, and KKR are all US organizations to invest in reliance on Jio. 

The company set the goal to be debt-free by March 2020.

Toward the finish of the March quarter, Reliance had a debt of Rs 3,36,294 crore. Around then the organization had a cash reserve of Rs 1,75,259 crore. The net debt on the organization was Rs 1,61,035 crore, After settling the debt with the cash reserve. A rupes 262000 crores are mentioned on the reliance balance sheet and 23000 crores are mentioned on Jio out of the total debt. The company set the goal to be debt-free by March 2020.

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Business breaking news online || Facebook Protest

Business breaking news online || Facebook Protest

BusinessBreakingNewsOnline   June 06, 2020

Business breaking news online- After Facebook's protests, Mark Zuckerberg said, we will review Facebook's policies. And make changes if needed. 

Business breaking news online- Mark Zuckerberg wrote in his post "I stood with my black community members. 

Business breaking news online, Facebook CEO Mark Zuckerberg wrote a lengthy post on his page on Friday. In this post, his support was towards the "Black Lives Matter" movement. He said in his post that he would review Facebook's policies. If needed, we will also change it.

We will emphasize on the review of the policies of the movement. Regarding the use of police force and civil violence in a country. he mentioned the black community and said Your life matters.

Zuckerberg said he would begin reviewing the moderation process and change the way his company dealt with such harmful content. Some Facebook employees have resigned against the company's stance after a disputed post by Tarum over Minnesota protests. Employees suggested that Facebook change its policies.

Twitter issued a warning to Donald Trump.  

This post was posted by Facebook CEO Mark Zuckerberg after resentment within the company for taking action on a disputed post made by US President Donald Trump. Recently, Trump's tweet was tweeted by Twitter and issued a warning.

On the other side, Facebook did not conduct a fact check on Trump's post. Trump also shared the same post he tweeted on Facebook. Facebook CEO Mark Zuckerberg criticized the tweeter in an interview and said private companies should not do so.

Trump's tweet is encouraging extra-judicial violence. 

Following Zuckerberg's statement, Facebook employees found dissatisfaction, and many refused to work. David Gillis, director of products at Facebook, said in a tweet "I believe president tweet "when the robbery starts when the shooting starts" is encouraging extra-judicial violence, and increasing racism.

I respect the Twitter team for the information call. Trump posted the controversy over the outbreak of protests following the death of African American George Floyd.

Jeff Bezos supports the movement. 

Soon after Zuckerberg's post, Amazon CEO Jeff Bezos also shared an email with details and support for the movement on his Instagram account. In it, he told about a customer who had once complained about the Black Lives Matter banner on the Amazon website.

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Reliance Jio News || Silver Lake & Co-Investors made an additional investment in Jio platform.

Reliance Jio News || Silver Lake & Co-Investors made an additional investment in Jio platform.

  June 06, 2020

Reliance Jio News-: Silver Lake & Co-Investors made an additional investment of 4546.80 million rupees in the Jio platform.  

Reliance  News Jio -:This is the 7 investment for the past 6 weeks in the Jio platform. 

According to Reliance Jio News,  Silver Lake & Investors Additional Investment In Jio. Jio Platform Limited announced another investment late in the evening on Friday. Silver Lake & Co-Investors of America has invested an additional 4546.80 crores in the Jio platform.

Earlier, Silver Lake had invested Rs 5655.75 crore on May 4. Silver Lake has invested a total of Rs 10202.55 crore in the Jio platform in two times.

Mubadala invested on Friday morning. 

In Business news this week, Friday morning, Mubadala announced an investment of Rs 9039 crore in Jio. Silver Lake has invested in a valuation of 4.91 lack crores of equity. Whereas, on the basis of enterprise value 5.16 lack crore has been invested.

With this, Silver Lake has acquired 2.08 percent equity in Jio. This was the 7th investment within 6 weeks. Reliance got a total amount of Rs.1.45 lack crore by joining this investment and rights issues. 

4.91 lakh crores Investment at an equity value of Rs.

The statement issued in Indian business news by RIL said that Mubadala has made this investment of Rs 4.91 lack crore equity value of the Jio platform. And Rs 5.16 lack crore enterprise value. RIL said that through this investment, Mobdala will get a 1.85% stake in the Jio platform.

With this 92202 crore, Reliance also has a quarter share of 53125 crores of the rights issue. In this way, the total amount of 1.05 lakh crores has been paid to the company to repay the debt. 

The first non-US company to invest in the Jio platform.

As mentioned in the Latest India business news. RIL's Jio platform remains the first choice of American companies in terms of investment. Mubadala has now become the first non-US company to invest in the Jio platform.
Facebook, Silver Lake, Vista Equity, General Atlantic, and KKR & Co. are all American companies.

Reliance Industries had a net debt of Rs.161035 crore in March

At the end of the March quarter, Reliance had an outstanding debt of Rs 336294 crore. At that time the company had cash of Rs.175259 crore. After adjusting the debit with cash, the net debt of the company was 161035 crore.

Out of the outstanding debts of the company, the debt of Rs.262000 crore is on the balance sheet of Reliance. And Rs.23000 crore is on the Jio. As said in the statement of MD and Chairman of Reliance industries the company focus to be debt-free by March 2020