Infosys becomes 5th Indian firm to hit ₹5 trillion in market capitalization

INfosys

On Thursday, Infosys crossed the mark of ₹5 trillion in market capitalization. With the stocks jumping up to 61% this year, Infosys became the 5th Indian firm and only the second IT firm to achieve this milestone. Today on the Bombay Stock Exchange (BSE), the stocks of Infosys reached a record high at ₹1,185 per share. The share price rose 4.3% from its previous jump, resulting in breaching of the golden ₹5 trillion marks of its market cap. The company’s overall growth in the September quarter is deemed as better-than-expected.…

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Fourth major investment in Jio platforms in four weeks, General Atlantic bought stake

reliance-jio-sells-more-than-

General Atlantic has invested Rs 6,598.38 crore in RIL’s Reliance Jio Platforms. This is the fourth major investment in Jio platforms in four weeks. It is also General Atlantic’s largest investment in Asia. After Facebook, Silver Lake and Vista Equity, General Atlantic has now invested Rs 6,598.38 crore in RIL’s Reliance Jio Platforms. This is the fourth major investment in Jio platforms in four weeks. It is also General Atlantic’s largest investment in Asia. The investment is equivalent to 1.34 per cent stake in RIL. This investment is equivalent to Rs 4.91 lakh…

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Reliance Jio plans to enter 5G with indigenous technology

Jio Annual Prepaid Plan

During the recent visit of American president Donald Trump, Mr. Mukesh Ambani was asked if he has plans to enter the 5G market. Mr. Ambani zealously replied that Reliance Jio is planning to launch 5G services and that Jio is the only network in the world that doesn’t have any Chinese component! The meeting was held between the American President and captains of India Inc. Soon after the meeting, Mr. Mukesh Ambani has sought permission from the Government to undertake 5G trials, using indigenous design and technology. Global telecom providers…

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Reliance JIO UPI

Reliance Jio UPI

Reliance JIO has launched UPI payments feature, making RJio India’s first telecom operator having UPI facility on its platform. The UPI facility has been started on pilot mode with few select users, but RJio soon plans to release the facility for all its subscribers. It is noteworthy that the company already has a mobile wallet service in the name of JioMoney.  Where to download the RJio UPI and how to activate it? The new UPI has not been given any specific name so far and is available on MYJio App.…

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