With Google and Facebook both investing billions, India is set to be their next big battleground. On Monday, Sunder Pichai, Google Inc CEO, said the company will invest $10 billion in India in the next 5-7 years.
The cash it has promised through a country-specific fund is nearly double the $5.7 billion that its rival Facebook invested less than three months ago to buy a 9.9 per cent stake in Jio Platforms which controls Reliance Jio and various other platforms. Google’s decision is a landmark. But if one goes beyond the optics (the announcement was made in the presence of ...
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