Just In
- 49 min ago Elon Musk’s X Is Launching a TV App Similar to YouTube for Watching Videos
- 2 hrs ago Qualcomm Reveals Snapdragon X Plus Chip for Laptops: 10 Core CPU, On-Device AI, & Much More
- 2 hrs ago Flipkart Teases “Jaw-Dropping” Discount on iPhone 15: All-Time Low Price Anticipated
- 2 hrs ago President Joe Biden Signs Bill to Ban TikTok in the US: Unless This One Condition is Met
Don't Miss
- Finance Massive Rs 33/Sh Dividend By Larsen's IT Stock, 1650% Payout Soon; LTTS Earns Profit Of Rs 341 Crore In Q4
- News US: Biden Faces Hypocrisy Accusations After Signing TikTok Ban Bill, Critics Call For Campaign Account Deletio
- Movies Tamil TV Serials TRP Ratings: Karthigai Deepam Leads The Week - Top 5 Serials Revealed
- Sports Kavya Maran: All You Need To Know - Personal Life, Net Worth, Educational Background And Others
- Education AICTE introduces career portal for 3 million students, offering fully-sponsored trip to Silicon Valley
- Automobiles Bajaj To Offer Chetak Electric Scooter At Lower Price Point: All Details Here
- Lifestyle Heeramandi Screening: Alia Bhatt, Ananya Panday, Rashmika Mandanna And Others Serve Finest Ethnic Style!
- Travel Escape to Kalimpong, Gangtok, and Darjeeling with IRCTC's Tour Package; Check Itinerary
CCI Clears Google And Reliance Jio Stake Deal
The Competition Commission of India (CCI) has finally cleared Google and Reliance Jio deal, which means that the former can easily invest in the latter platforms. The search engine giant wants to buy a 7.73 percent stake for Rs. 33,737 crores in the Reliance Jio platforms.
Google has announced its deal with Jio in July this year is making an investment through its international arm. After this nod, Jio will get investments from all 13 investors. So far, the company has received Rs. 118,319 crores from other investors, such as General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, Public Investment Fund, Intel Capital, Qualcomm Ventures, Facebook, Silver Lake, and Vista Equity Partners.
However, the approval comes at that time when CCI is probing against Google for dominating its position regarding payment services.
Reliance JioTo Develop Smartphone In India
The approval also means that both Google and Reliance Jio can develop low-cost handsets, especially 4G and 5G smartphones in the country. Notably, India's largest telecom operator Jio is likely to launch 4G smartphones by the end of this year and reportedly planning to launch 200 million devices in the next three years.
Additionally, the upcoming smartphones are likely to have Jio App Store, which means that the smartphone will have Jio apps similar to Jio Phones. Currently, 70 million customers are using Jio Phones in India.
Apart from that, the company is reportedly planning to launch 5G smartphones under Rs. 5,000; however, it will reduce the prices gradually to Rs. 3,000. On the other hand, the upcoming 4G smartphones of the company are likely to be priced under Rs. 4,000. Now, this can be a deal-breaker as Chinese smartphone makers are offering 4G devices above Rs. 7,000 and captured the majority of the mobile market.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
11,999
-
16,026
-
14,248
-
14,466
-
26,634
-
18,800
-
62,425
-
1,15,909
-
93,635
-
75,804