[ad_1] KOCHI: An Abu Dhabi investment firm, led by the ruling family’s Sheikh Tahnoon Bin Zayed Al Nahyan, invested nearly $ 1 billion (Rs 7.6 billion rupees) in LuLu Group International, the LuLu hypermarket holding company, according to a source with import knowledge. Sheikh Al Nahyan is the son of …
Read More »Inside $ 5.7 Billion Settlement: Coronavirus Unable to Log Out of “Project Redwood” on Facebook & Reliance
[ad_1] MUMBAI: “Can I get some sleep for a few hours?” Was the first message Anshuman Thakur wrote to a senior colleague around noon just after finishing a media call with Ajit Mohan, head of Facebook in India. Thakur, a former telecommunications rain producer at NM-Rothschild-y-Morgan Stanley, who became head …
Read More »After Tiger King, Netflix seeks $ 1 billion loan to make more original content
[ad_1] Netflix clearly doesn’t want the coronavirus (COVID-19) pandemic to get between you and your stories: The streaming giant plans to raise around $ 1 billion in debt to fund new content, Reuters reports. The Los Gatos-based streaming monster reportedly said it would use the money to finance original content …
Read More »Facebook Invests $ 5.7 Billion in Indian Internet Giant Jio
[ad_1] SAN FRANCISCO – Facebook on Tuesday made its largest single investment by putting $ 5.7 billion on Jio Platforms in India, a huge gamble in the developing market and a sign of how big tech companies are making progress in the pandemic. Jio Platforms is a subsidiary of Reliance …
Read More »Facebook Acquires $ 5.7 Billion Stake in Indian Internet Giant Jio
[ad_1] Facebook has made a big bet in India by investing $ 5.7 billion in Jio Platforms, the technology subsidiary of multinational conglomerate Reliance Industries. Jio operates various broadband platforms, mobile services, and online commerce, and Facebook’s investment gives it a stake of around 10 percent in the company, making …
Read More »coronavirus: the United States Senate approves almost $ 500 billion more for the coronavirus rescue
[ad_1] WASHINGTON: The United States Senate unanimously approved $ 484 billion in additional aid for the coronavirus for the United States economy and hospitals that treat people sick with the pandemic on Tuesday, sending the measure to the House of Representatives for final approval later this week. The bill, passed …
Read More »Instagram only had 13 employees when Facebook bought it for $ 1 billion. A decade later, this is where they all ended.
[ad_1] Avery HartmansApril 20, 2020 23:01 IST2020-04-20T23: 01: 25 + 05: 30 Instagram founders Mike Krieger, left, and Kevin Systrom. Jim Bennett / WireImage / GettyImages When Instagram was bought by Facebook in 2012, it only had 13 employees, including founders Kevin Systrom and Mike Krieger. While many of the …
Read More »India’s second stimulus package will be worth around $ 13 billion: report
[ad_1] “The second package could focus largely on MSMEs,” said a senior government official. New Delhi: A second stimulus package of $ 13 billion (Rs 1.3 billion) and focused on aid for small and medium-sized businesses that are out of the coronavirus outbreak, two senior officials said on Wednesday. Last …
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