Friday, 24 March, 2023

Microsoft aims to invest $2B in Jio Platforms

<p>After Facebook and KKR, now Microsoft aims to buy 2.5% stakes in Jio Platforms to step into India&rsquo;s fast-growing digital market. The firm is negotiating an investment of $2 bn. Reliance Jio and Microsoft announced their partnership in February. The deal demanded Reliance Jio to set up data centres across India using Microsoft Azure&rsquo;s cloud services for enterprise clients. Reportedly, Reliance Industries, however, have not yet responded to the proposal.</p>