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News Break Facts #9

news-break-facts-9
While one brother is signing major foreign investment deals the other is struggling to repay his dues. What do you think went wrong in Anil Ambani's case? 
UK court has ordered Anil Ambani to pay $717 million to Chinese banks. 

SoftBank's stocks have crashed in the market hence they are selling their stake in order to make up for the heavy losses they have incurred. 
SoftBank to sell $3.1 billion worth of Japan telecom unit stake. 

A golden advice from Jeff Bezos. 💯 
"Make sure you're hiring people who are also going to teach you things." 

Weekly Flashback 

Mulesh Ambani's JIO Platforms have raised 75,562rs Crore since 22nd April. While most of the businesses are struggling of planning to survive the covid-19 pandemic. Reliance JIO is making big movies. Here are the details of all the investments that JIO received. 
  • Facebook 43,574rs Crore for a 9.99% stake.
  • General Atlantic 6,598rs Crore for a 1.34% stake.
  • KKR 11,367rs Crore for a 2.32% stake.
  • Vista Equity 11,367rs Crore for a 2.32% stake.
  • Silver Lake 5,656rs Crore for a 1.15% stake.
UK court has ordered Anil Ambani to pay $717 million to Chinese banks. 
He's been given 21 days to return this amount. Reliance communication took this loan of $700 million from 3 Chinese banks in February 2012. While his brother is making his name in Business world, he's losing daily. business is tough. 

Mark Zuckerberg is now the third richest person in the world. 
Facebook brought better revenues and more user on its platforms during the quarantine. Mark added $30 billion to his net worth in two months. Mark Zuckerberg is now worth $87.8 billion according to Bloomberg billionaires index. 

JioMart launches in 200 location in India. 
With jioMart, Reliance might give a tough competition to Bigbasket, Grofers, Amazon Fresh, and online grocery operations of Flipkart, Swiggy and Zomato. 

Amazon to hire 50,000 temporary workers during lockdown. 
to meet the rising demand of people amid lockdown, amazon will hire 50,000 workers to meet the surplus demand of their customers as Amazon starts delivering non-essential items in green and orange zones. 

Spotify and Joe Rogan deal. 
Spotify's shares increased after it signed a deal to make Joe Rogan's podcast exclusive to the platform which means is podcast will be available on Spotify only. The multiyear deal is believed to be worth $100 million, according to wall street journal. Joe Rogan's podcast is one of the most popular in the world. 



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