The photo has been used for illustrative purposes.
Google is to buy a $4.5-billion stake in Reliance's digital unit, the head of the Indian conglomerate said on Wednesday as global tech giants race to grab a share of the massive e-commerce market.
"We are delighted to welcome a household name in India and worldwide, Google, and have signed a binding partnership and investment agreement," which will give the Silicon Valley firm a 7.7-per cent stake in Jio Platforms, Mukesh Ambani told shareholders at the oil-to-telecom behemoth's annual meeting.
Major players including Facebook, Intel and others have already ploughed some $15 billion into Jio Platforms this year, as Ambani — India's richest man — seeks to take on US giants Amazon and Walmart in India's growing online retail sector.
Backed by multi-billion-dollar investments from global tech giants, India’s richest man is ready to rumble with Amazon and Walmart for the country’s huge e-commerce market through his conglomerate Reliance.
The formal investigation opens a new chapter in the European Union's campaign to address the dominance of US tech firms with Google, Facebook and Apple also regular targets of regulators in Brussels.
European regulators have fined Amazon 746 million euros ($886 million) for data protection violations. Amazon said in a regulatory filing on Friday
EcoFlow is delighted to announce that its innovative range of products will be available in Saudi Arabia through Amazon and Noon stores starting from October 1st, 2023.
More than 40 ministers and 120 leading energy industry executives from across the world, will come together in Abu Dhabi for ADIPEC 2023, where they will demonstrate progress,
The Abu Dhabi Securities Exchange (ADX) has signed a Memorandum of Understanding (MoU) with the Expo Centre Sharjah to better serve the Emirate of Sharjah’s s investor community.