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News and Trends

Google's $4.5 bn Investment in Jio Makes up 45% of Google For India Digitisation Fund

At RIL's virtual 43rd AGM, Mukesh Ambani announced that Google will invest INR 33,737 crore (USD 4.5 billion) in Jio Platforms for a 7.7 per cent stake in the company

News and Trends

Flipkart to Raise USD 1.2 billion From Walmart at Valuation of USD 21 billion

The US based retail giant had acquired 77 per cent stake in Flipkart Group for USD 16 billion in May 2018, valuing the latter at USD 21 billion

News and Trends

Flipkart Invests INR 260 cr in Arvind Fashions

Flipkart will pick a minority stake in the company's recently formed subsidiary Arvind Youth Brands that owns Flying Machine

Marketing

Influencers to Drive Flipkart's Social Commerce on 2GUD Platform

2GUD's social commerce platform will allow users to have an uninterrupted video shopping experience with their favourite influencers showcasing the latest fashion trends, reviewing gadgets, sharing beauty tips and more

News and Trends

Intel Capital to Invest INR 1,894.50 crore in Jio Platforms

Intel Capital, the investment arm of Intel Corporation, is the 11th investor to announce an investment in Jio Platforms

News and Trends

Fabindia Ropes In Former Indigo President Aditya Ghosh on Board of Directors

Ghosh has served as a member of the board of OYO Hotels and Homes and also sits on the Board of Directors of the non-profit institutional arbitration company Nani Palkhivala Arbitration Centre (NPAC)