2020
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Amazon
|
|
|
Facebook
|
|
|
Microsoft
|
|
|
Google
|
Detailed explanation-1: -Jio Platforms, the digital arm of Mukesh Ambani-led Reliance Industries, said that it has received the subscription amount of Rs 43, 574 crore from Facebook. The social media giant had pledged this amount in April to buy 9.99 per cent stake in the Indian company.
Detailed explanation-2: -Facebook’s investment worth Rs 43, 574 crore for 9.99 per cent stake in Jio Platforms was the first in a series of 11 deals secured by Reliance Industries’ digital arm.
Detailed explanation-3: -The Competition Commission of India (CCI) has said that it has approved Google picking up 7.73% stake in Mueskh Ambani-led Jio Platforms for ₹33, 737 crore, facilitating the internet major and Jio Platforms Ltd (JPL) to develop and launch Android smartphones in India.
Detailed explanation-4: -In April this year, Facebook picked up a 9.99 per cent stake in Reliance Industries’ Jio Platforms at Rs 43, 574 crore ($5.7 billion), which was the largest FDI for minority investment in India.