• Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
Sunday, May 22, 2022
No Result
View All Result
SUBSCRIBE
The Outlooker
27 °c
Delhi
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
No Result
View All Result
The Outlooker
No Result
View All Result
  • National
  • Politics
  • Opinion
  • Business
  • Science
  • World
  • Health
Home National

In Mark Zuckerberg’s Chat With Mukesh Ambani, Praise For Dhirubhai Ambani

by The Outlooker Web Desk
December 15, 2020
in National
0
Mukesh Ambani Plans Reliance Jio 5G Rollout In Second Half Of 2021
1.8k
SHARES
12.9k
VIEWS
Share on FacebookShare on Twitter

Mukesh Ambani and Mark Zuckerberg are betting big on India

Mark Zuckerberg, Facebook Inc.’s chief executive officer, hopes the social media giant and Reliance Industries Ltd. can together transform India’s digital payments landscape, replicating the latter’s success in disrupting the telecom sector.

Zuckerberg in an online event mentioned Dhirubhai Ambani, Reliance’s late founder, who he said had envisioned phone calls in India as cheap as postcards, priced at less than a cent then. His son Mukesh Ambani’s ability to make that wish come true has inspired him, Zuckerberg said.

“That’s what we’ve tried to do with messaging… and hopefully we can do that together with payments,” Zuckerberg told Ambani during the event.

The telecom unit helmed by Ambani, Asia’s richest man, disrupted the sector in 2016 when it entered with free calls and dirt-cheap data tariffs, forcing rivals to quit, merge or go bankrupt while it became country’s top wireless carrier over time. Ambani and Zuckerberg are now betting big on India as its billion-plus consumers get hooked on their smartphones and increasingly rely on it for everything from entertainment and grocery purchases to online money transfers.

Raking Up Wins

The American social media firm invested $5.7 billion for a 9.99% stake in Ambani’s digital venture in April, triggering a flurry of other stake sales. It also finally got approval for the roll-out in November this year to operate its WhatsApp payments service in India after struggling for years to win a permit.

Newsbeep

Ambani expects India’s economy to scale the league tables and per capita income to more than double to $5,000, as the country transforms into a digital powerhouse.

“I firmly believe that in the next two decades, India will grow to be among the top three economies in the world,” Ambani said at the same event. “But more importantly, it will become a premier digital society.”

For Facebook, there’s no partner more capable than Ambani’s refining-to-retail conglomerate to help dominate this nascent but growing market.

“A big part of why I was excited to partner with you is, there are not many people around the world who’ve just gone industry after industry and revolutionized them and improved them, and continue to do it,” Zuckerberg told Ambani.

(If you like reading The Outlooker, please consider subscribing to us below. Subscriptions are free for first 500 subscribers.)

The Outlooker Web Desk

The Outlooker Web Desk

Next Post
ICICI Lombard Rating: reduce Ban on health product would dent income

ICICI Lombard Rating: reduce Ban on health product would dent income

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Congress Ignored Northeast, BJP Ended Culture Of Corruption
National

Congress Ignored Northeast, BJP Ended Culture Of Corruption

May 22, 2022
Petrol to now cost Rs 97.17 per litre, diesel Rs 89.74 in Goa after central excise duty cut
Business

Petrol to now cost Rs 97.17 per litre, diesel Rs 89.74 in Goa after central excise duty cut

May 22, 2022
QUAD Summit 2022: “Quad Summit…An Opportunity To Review Progress”: PM Modi
National

QUAD Summit 2022: “Quad Summit…An Opportunity To Review Progress”: PM Modi

May 22, 2022
‘Stop these pretensions’, Uddhav Thackeray on fuel price cut
Politics

‘Stop these pretensions’, Uddhav Thackeray on fuel price cut

May 22, 2022

Connect with us

No Result
View All Result

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020

Category

  • Artistic
  • Business
  • Crypto
  • Design
  • Entertainment
  • Fashion
  • featured
  • Food
  • Gaming
  • Health
  • Human
  • Lifestyle
  • Movie
  • Music
  • National
  • Opinion
  • Politics
  • Science
  • Spaces
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World

Recent Posts

  • Congress Ignored Northeast, BJP Ended Culture Of Corruption
  • Petrol to now cost Rs 97.17 per litre, diesel Rs 89.74 in Goa after central excise duty cut
  • QUAD Summit 2022: “Quad Summit…An Opportunity To Review Progress”: PM Modi

About Us

The Outlooker

The Outlooker is your source of authentic, hand-picked news, stories, analysis from India & the World.

  • Terms Of Service
  • Privacy Policy
  • About us
  • Submit your story
  • Contact

© 2019-2021 The Outlooker. All rights reserved.

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • National
  • Entertainment
  • Gaming
  • Movie
  • Music
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Tech
  • Health
  • Food

© 2019-2021 The Outlooker. All rights reserved.