Asian shares rise on vaccine bets but analysts urge caution
Asia

Asian shares rise on vaccine bets but analysts urge caution

By Administrator_India Capital sands TOKYO/BOSTON (Reuters) – Asian shares rose toward a more than two-year peak on Thursday, buoyed by sustained global stimulus efforts and hopes of a coronavirus vaccine, but some analysts warned of the risk of a correction lower. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.44%, approaching the highest since […]

Reliance's digital unit wins Qualcomm backing in boost to 5G plans
Asia

Reliance’s digital unit wins Qualcomm backing in boost to 5G plans

By Administrator_India Capital Sands India’s Reliance Industries said on Sunday Qualcomm Inc’s investment arm will buy a 0.15% stake in its digital unit Jio Platforms for 7.3 billion rupees ($97.1 million). The partnership will help Jio Platforms, the unit that houses Reliance’s telecoms venture Jio Infocomm, to “roll out advanced 5G infrastructure and services for […]

Reliance in $870 million General Atlantic deal as Jio Platforms funding tops $8 billion
Asia

Reliance in $870 million General Atlantic deal as Jio Platforms funding tops $8 billion

By Administrator_India Capital Sands India’s Reliance Industries on Sunday announced U.S. fund General Atlantic will invest 65.98 billion rupees ($870 million) in Jio Platforms, a fourth deal that takes investment in its digital unit to over $8 billion in less than a month. General Atlantic will pick up a 1.34% stake in Jio Platforms which […]