View from India: Facebook to invest $5.7bn for minority stake in Jio
Neighbourhood, or 'kirana', stores are all set to boost their sales through a digital presence. Their digitisation will be the outcome of the Reliance Jio-Facebook Inc deal and also Amazon’s announcement to bring standalone stores in India into the digital fold.
27 Apr 2020 ... Facebook's investment is expected to help clear RIL's $43bn debt, which has grown since 2016 when Ambani forayed into the telecom ...