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Meta Platforms and Reliance Industries Limited (RIL) have announced a joint venture to develop and deploy Llama-based enterprise artificial intelligence solutions in India and select international markets, with an initial combined investment of approximately Rs 855 crore (around $100 million). Under the agreement, RIL will hold a 70% stake in the joint venture while Meta will hold the remaining 30%. The JV will offer two core products: an enterprise AI Platform-as-a-Service that allows organisations to customise, deploy, and govern generative AI models for workflows across sales, IT, customer service, and finance; and a suite of pre-configured AI solutions for both cross-functional and sector-specific use cases. Separately, Reliance will build a 168 MW data centre that Meta will lease, with options to scale capacity.
10 Jun 2026, 10:28AMAdani Energy: Acquire 100% of IntelliSmart Infrastructure Pvt Ltd for ₹3,050 Cr (equity + redemption of optionally convertible debentures). Post deal, AESL becomes India’s largest smart metering platform with a combined portfolio of 4.7 Cr+ smart meters.
10 Jun 2026, 9:59AML&T wins order for Power Transmission & Distribution Business in Saudi Arabia
29-10-2025 10:13:15The ePlane Company signs MOU with Ramco Systems
27-10-2025 12:42:39Refex Industries gets an order worth Rs. 300 Cr from a mining entity in Jharkhand
24-10-2025 13:57:18Diwali Stocks Picks 2025
