[ad_1] It has often been argued that the biggest impediment to India emerging as the favorite foreign investment destination is the unreasonable and unreasonable objections raised by those who say they conjure conspiracy theories and invoke dire consequences like a magician pulling rabbits out of his hat. Decades of perverse …
Read More »Mega Jio-Facebook deal could have Paytm shaking in its UPI boots
[ad_1] Facebook’s WhatsApp, which has been working to obtain regulatory approval for payment services in India, is preparing for a full rollout of those services in June, according to a source familiar with the matter. The partnership with Reliance, announced on Wednesday, will give WhatsApp an internal track on payments …
Read More »Subramanian Swamy issues verdict on the long-term implication of the gigantic Jio-Facebook deal
[ad_1] BJP deputy Subramanian Swamy reacted on Friday to Facebook’s announcement to invest Rs 43.575 billion in Jio platforms for a 9.99 percent stake, saying long-term interest to India had been lost in the wake of the gigantic agreement, citing a favorable implication that Jio take over Facebook’s board as …
Read More »See: Only time will tell if the Jio-Facebook agreement is beneficial for India
[ad_1] By Nehaa Chaudhari and Arpit Gupta With its investment of Rs 43.574 crore, Facebook is now Reliance Jio’s largest minority shareholder. This was accompanied by a pact between WhatsApp and Reliance Retail to promote the latter’s JioMart platform. In July 2019, Facebook invested in Meesho, an Indian social commerce …
Read More »