Mukesh D. Ambani Archives

BANKING & FINANCE Bank Of America To Invest ₹18,268 Cr For 49.9% Equity Stake In Jio Credit

Bank of America Corp (BofA) has agreed to invest ₹18,268 crore in Jio Credit Ltd (JCL), a wholly owned subsidiary of Jio Financial Services Ltd (JFSL), to acquire up to 49.9% stake in the company. The investment will be through a preferential allotment of equity shares and warrants. BofA will initially acquire a 26.5% equity […]

CW Bureau · Aug 13, 2026

STARTUP/TECHNOLOGY Reliance Ties Up With Meta To Set Up 168 MW AI Data Centre In Jamnagar

Reliance Industries Ltd. (RIL) has partnered with Meta Platforms Inc. to develop a 168 MW data centre in Jamnagar, Gujarat, marking Meta’s first built-to-suit data centre capacity in India. The facility, scheduled to be delivered within two years with an option for future expansion, will support Meta’s global infrastructure and artificial intelligence (AI) computing requirements. […]

CW Bureau · Jun 10, 2026