Gains in Reliance Industries boosted Indian shares on Friday, but they ended the week sharply lower as coronavirus cases continued to spiral and markets awaited an economic stimulus.

Two more firms are eyeing a share of Reliance Industries Ltd's $65-billion digital unit Jio Platforms, according to Bloomberg News, setting them up to be a part of a growing list of firms that have recently invested in the Indian company.

Gains in Reliance Industries boosted Indian shares on Friday, but they ended the week sharply lower as coronavirus cases continued to spiral and markets awaited an economic stimulus.

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Vodafone also confirmed merger talks with the Aditya Birla Group's Idea Cellular as part of its Q3 results for the period that ended on December 31, 2016.

Ambani visited the two districts and took a survey of the worst-affected areas to assess first-hand the primary and immediate requirements of the victims

Jio's prepaid users can get 2GB per day data with unlimited voice and SMS at Rs 2,399 annual recharge. Compared to Jio which offers a higher data quantity of 2 GB per day, Airtel and Vodafone Idea’s Rs 2398 and Rs 2399 annual plans offer 1.5GB data per day along with unlimited voice and SMS.

In Facebook, we have found a partner who is a leading technology company globally, who can help us with a lot of things that we're doing, who can advise us, we can collaborate on areas. Also, you know, Facebook, understands this business, understands the space, so they understand the Jio story better than most others would do, Anshuman Thakur said.

NSE Nifty rose 52.45 points.

The idea is to create an app that is not just a communication platform but one where users would also be able to buy groceries through Reliance Retail stores, or shop at ajio.com, or make payments using JioMoney.

Reliance Jio says its “just a few days away” from launching its conferencing app called Jio Meet.

RIL's 35.2 million tonnes a year SEZ refinery processed 2.51 million tonnes of crude oil into fuel in March, a drop of 24 per cent year-on-year

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Markets regulator Sebi had received draft red herring prospectus for the proposed IPO on February 8

The company controlled by Mukesh Ambani, is in discussions with banks for a potential sale of its 4.9 per cent stake in Asian Paints through a series of block trades

The deal could be completed as soon as this month, though no agreement has been finalised and plans may change

Reliance Capital reported a consolidated net loss of ₹2,179 crore for the fourth quarter of fiscal FY20 against a net loss of ₹2,304 crore a year ago.

Reliance Industries on Friday announced the sale of 2.32 per cent stake in its digital unit to US-based Vista Equity Partners for Rs 11,367 crore, the third deal in a little over two weeks that will inject a combined Rs 60,596.37 crore in the oil-to-telecom conglomerate to help it pare debt. The US-based private equity firm will buy a stake in Jio Platforms, which houses the country's youngest but biggest telecom firm Jio, at an equity value of Rs 4.91 crore and an enterprise value of Rs 5.16 crore.

Stock markets squandered early gains but managed to end in the green on Friday, propped up by heavyweight Reliance Industries which announced another stake sale deal for its digital platform. A strengthening rupee and firm global cues also supported the domestic bourses, traders said.

Average revenue per user (ARPU) increased to ₹130.6 during the quarter.Data consumption continued to grow exponentially to 11.3 GB per user per month from 11.1 GB in the December quarter

Reliance is raising funds at a breakneck pace as it attempts to cut its debt and secure its capital needs amid a sharp downturn in the global economy.Silver Lake is a major technology investor, with over $40 billion in combined assets under management and committed capital