Reliance’s financial services unit to offer insurance, merchant lending

August 28, 2023
Jio Financial Services, the financial services unit of Mukesh Ambani-run Indian conglomerate Reliance Industries, plans to expand to merchant lending and insurance, Ambani said at Reliance’s annual general meeting in a speech that is likely to have a repercussions for countless startups. “JFS will massively increase financial services penetration by transforming and modernising them with […]

Reliance’s 5G hotspot Jio AirFiber to hit stores next month in broadband push

August 28, 2023
Jio Platforms on Monday launched the AirFiber, a wireless plug-and-play 5G hotspot, as the top Indian top telecom operator races to make a dent to the broadband market. With the Jio AirFiber, first showcased last year, Reliance plans to expand its 5G user base and replace wired broadband connections. The device will be available from September […]

Reliance appoints Ambani’s children to board

August 28, 2023
Reliance Industries said Monday it has appointed the three children of billionaire Mukesh Ambani — Isha Ambani, Akash Ambani and Anant Ambani — to its board, the latest in the succession plan at the country’s largest company, which operates the nation’s largest telecom operator and retail chain. Nita, Ambani’s wife, has resigned from the board, […]

After Threads, Bluesky also adds a way to see your own likes

August 28, 2023
Bluesky introduced a bunch of updates on Friday to its mobile apps and website including a new tab to see your own likes, notification support for apps, and an emoji picker for the web composer. Earlier this month, Bluesky’s rival Threads added a new tab in settings, called “Your Likes,” to let users look at […]

Tesla’s China rival Xpeng buys ride hailing giant Didi’s smart EV assets for $744M

August 28, 2023
Chinese electric vehicle upstart Xpeng is acquiring the smart EV assets of ride hailing giant Didi for $744 million, marking another significant alliance that the Tesla challenger has struck in recent months. In an announcement on Monday, Didi said the duo is forming a strategic partnership to “promote the global application of smart electric vehicles […]

Tesla’s China rival Xpeng buys ride hailing giant Didi’s smart EV business

August 28, 2023
Chinese electric vehicle upstart Xpeng is acquiring the smart EV assets of Didi, China’s ride hailing giant, marking another significant alliance that the Tesla challenge has struck in recent months. In an announcement on Monday, Didi said the duo is forming a strategic partnership to “promote the global application of smart electric vehicles and technologies.” […]

Tesla’s China rival Xpeng buys ride hailing giant Didi’s EV unit

August 28, 2023
Chinese electric vehicle upstart Xpeng is acquiring the smart EV unit of Didi, China’s ride hailing giant, marking another significant alliance that the Tesla challenge has struck in recent months. In an announcement on Monday, Didi said the duo is forming a strategic partnership to “promote the global application of smart electric vehicles and technologies.” […]

The battery business is booming and Zeekr kicks off it IPO roadshow

August 27, 2023
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