Mukesh Ambani’s Rs 1.08 lakh crore Diwali investment to make Jio debt-free

The new company will become the conglomerate’s umbrella platform for all digital businesses including Jio. The Rs 1.08 lakh crore investment will be in the form of a rights issue of optionally convertible preference shares (OCPS). Reliance Industries Ltd (RIL)…

Wipro secures $300 million contract from ICICI Bank for digital services

IT consulting and business process services company Wipro has secured a strategic seven-year engagement valued at 300 million dollars (about Rs 2,165 crore) from private lender ICICI Bank to provide a comprehensive suite of services.