Updated Dec 15, 2020 | 21:37 IST
Facebook launched WhatsappPay a month ago, and it took a couple of years for it to get all the requisite regulatory approvals. Mark Zuckerberg India is a very special and important country for us. Millions of people here use our products every day to stay in touch with friends and family. Whether it s a WhatsApp message, or a Facebook post, or photos on Instagram. And millions of small businesses across the country use WhatsApp business and Messenger to reach customers, manage orders, and grow their businesses. And in fact, we actually test some of our new features here first, before rolling them out globally, said Facebook s Founder Chairman & CEO, Mark Zuckerberg in his opening statement today at a virtual event, and just before he invited Reliance Industries Chairman & Managing Director for a fireside chat.
Facebook Fuel for India 2020: Making unique investments and bets , trying new things in India, says CRO David Fischer
Facebook Chief Revenue Officer David Fischer said the company has made investments and undertaken some unique bets that it hasn’t done in any other part of the world.
Jan 08, 2021 18:37:15 IST
At the first edition of the Fuel for India 2020 event, Facebook declared its commitment to invest in India for the long term. Facebook says it will continue to build tools for businesses to help them build and grow their online presence. Facebook Chief Revenue Officer David Fischer said the company has made investments and undertaken some unique bets that it hasn’t done in any other part of the world.
Together, FB and Jio have become a value creation platform: Mukesh Ambani
December 15, 2020
RJio had maintained network availability across the country through the pandemic, he further added. Before the partnership, Facebook and Jio Platforms were connectivity platforms but following the deal these together have become a value creation platform, according to Reliance Industries Chairman and Managing Director Mukesh Ambani.
“Perhaps not many people have understood this. Before this partnership, I believe, that each one of us was mainly a communication platform. Together, we now have become a value creation platform for our customers and small businesses, and I firmly believe technology with all the digitisation steps that India has taken will democratise wealth and value creation for individuals and small businesses,” Ambani said at ‘Fuel for India 2020’.
Stocks managed to recover their morning losses.
PTI reports: Equity benchmark Sensex recovered from early losses to end marginally up at its new closing record on Tuesday, led by gains in index majors HDFC twins.
The 30-share BSE index ended 9.71 points or 0.02 per cent higher at 46,263.17.
Similarly, the broader NSE Nifty rose 9.70 points or 0.05 per cent to close at its fresh all-time high of 13,567.85.
Bajaj Finance was the top gainer in the Sensex pack, surging around 5 per cent, followed by Bajaj Finserv, HDFC, Tech Mahindra, HDFC Bank, UltraTech Cement and Tata Steel.
On the other hand, HUL, Nestle India, ICICI Bank, Axis Bank, SBI, TCS and ITC were among the laggards.
“Jio brings digital connectivity, WhatsApp now with WhatsApp Pay brings digital interactivity, and the ability to move to close transactions and create value, and Jio Mart brings the unmatched online and offline retail opportunity, that gives our small shops which exist in villages and small towns in India, a chance to digitize and be at par with anybody else in the world,” Ambani said.
The RIL boss added: Jio has pioneered free voice services. Proud that Jio has powered free voice on its network.
It is worth mentioning here is that the virtual event comes at a time when the social media behemoth is facing scrutiny over its content regulation policies. Plus, Facebook is also facing anti-trust proceedings in the US. In April this year, RIL had announced that Facebook would invest $5.7 billion (about Rs 43,574 crore) to buy 10 per cent stake in its digital services arm Jio Platforms.