Tag: google

Shares of Bharti Airtel climbed nearly 2 percent on July 15 after the company said it is allotting 7.11 crore shares to Google on a preferential basis. The allotment is part of Google's commitment to invest $1 billion with Airtel, which included equity investment in the company worth $700 million, about Rs 5,224 crore, while the remaining $300 million will be invested through commercial agreements over the next five years, which include investments in scaling Airtel's offerings that cover a range of devices to consumers via innovative affordability programs. .“The ‘special committee of directors for preferential allotment of the company has approved the allotment of 71,176,839 equity shares of the face value of ₹5 each fully paid up, on a preferential basis to Google International LLC (Google) at an issue price of ₹734 per equity share (including a premium of ₹729 per equity share)," the carrier said in a note to BSE on Thursday. Read more

Shares of Reliance Industries (RIL) slipped 2 per cent at Rs 2,382.85 on the BSE in the intra-day trade on Monday after the company's telecom arm Reliance Jio delayed the launch of its affordable smartphone, JioPhone Next, which was scheduled to take place on Ganesh Chaturthi, 10 September 2021. which was developed in partnership with Google, owing to the ongoing semiconductor shortage globally.Reliance Industries last week in its filing to exchanges informed that Jio Platforms Limited, a subsidiary of the company, said “JioPhone Next in advanced trials, with festive-season rollout to commence before Diwali”. Reliance Industries Ltd stock has hit a day’s high of Rs 2,430 apiece. Analysts say that post a strong rally in RIL stock, there is a small profit booking. Despite today’s decline, the stock has outperformed the market by surging 11 per cent in the past one month, Read more

Google India on Wednesday said that it will launch a new show in partnership with Doordarshan named as Namaste Digital as part of its new multi-pronged effort to assist small and medium-sized businesses (SMBs) steer the challenging economic environment. The "Namaste Digital" show will provide as a mass media programme for SMBs to learn about the Internet and help them grow their business, Google said. Keeping the needs of different businesses in mind, Google has also associated with Zoho and Instamojo to help small and medium businesses build a digital presence. and delivery services providers Dunzo and Swiggy to fast track the onboarding process, with both partners committing to provide additional support to small businesses to start accepting orders online and enable delivery logistics. Under the new initiative, small businesses will be able to create business websites using Zoho inventory and sell online through Zoho Commerce for free till March 31, 2021. Read more

Alphabet Inc's Google is in advanced talks to invest $4 billion for a stake in the digital arm of Reliance Industries Ltd, Bloomberg reported today (14th July 2020), according to some sources. Investors, including Facebook and KKR & Co, have already poured in a combined $15.64 billion for just over 25% in Jio Platforms. The funding spree, which began late April, and a share sale by Reliance have helped make India's biggest company net-debt free.

Google announced "Google for India" Digitization Fund worth $10 billion (Rs 75,000 crore) today (13th July 2020), which the technology giant would invest in India over the next 5-7 years. The investment will be done through a mix of equity investments, partnerships, and operational, infrastructure, and ecosystem investments. Calling India's digital journey far from complete, Pichai announced the Google for India Digitization Fund that will invest nearly $ 10 billion in India over 5-7 years. "We’ll do this through a mix of equity investments, partnerships, and operational, infrastructure, and ecosystem investments. This is a reflection of our confidence in the future of India and its digital economy," wrote Pichai. Read more

Global technology giant Google is in talks to buy a 5 percent stake in Vodafone Idea Ltd, a company owned by Vodafone PLC of UK and Aditya Birla group. It is reported that Google parent firm, Alphabet had also held talks about acquiring a stake in Reliance Jio – owned by Reliance Industries but has lagged behind other investors like Facebook in securing a deal. By buying a stake in Vodafone Idea, Google would pit against Facebook and an increasingly dominant Jio, but the company could also make multiple investments in India.

As Covid-19 affects all sections of the society, Google is focussed on the on-going crisis in the Asia Pacific on prioritising three things: contributing to the immediate health response, helping people learn and work from home, and supporting the small businesses most affected. The company said in a statement on 5th MAy 2020 that in India, it is helping female internet "saathis" (or trainers) share authoritative health advice with their networks in rural villages. "Our team in India has helped local governments share the location of night and food shelters on Google Maps," said Scott Beaumont President, Asia Pacific. Google started showing the locations of Covid-19 test centres on Google Maps, Search, and Assistant in Indonesia, before extending the feature to other countries around the world, including India, Korea, and the Philippines.

The Indian Patent Office on Thursday rejected Google’s application on wearable electronic devices, observing that it lacks inventive steps and the use and method by which it is to be performed is not fully described incomplete specification. Google, in its patent specification, said that the invention comprises electronic devices provided in shoes or ankle bracelets. The patent application for ‘System and method for wearable electronic devices was filed in 2007. One of the objections raised by the patent office was that the claims lack inventive step as required under the Indian Patent Act, as the claims of the apparel being used as personal devices to transmit data and display them on a personal device, was already known as per the available documents. The claims relating to transmitting and receiving calls on a portable device worn the wrist are also known. There has also been a lack of proper specification and disclosure as required by the Act, the patents office said.