Connect with us

Business

Google backs Reliance’s Jio Platforms with $4.5 billion India investment

Published

on

NEW DELHI/OAKLAND (Reuters) – Alphabet Inc’s Google will invest $4.5 billion in Reliance Industries’ digital unit, the Indian group said on Wednesday as it laid out an ambitious roadmap for its businesses ranging from entertainment to retail.

Google will get a 7.7% stake in Jio Platforms – the unit which houses Reliance’s music, movie apps and telecoms venture – Reliance chairman Mukesh Ambani told the group’s annual shareholder meeting, keeping up the tradition of making big announcements at the event.

Reliance, India’s most highly-valued company controlled by billionaire Ambani, has now sold nearly 33% of Jio Platforms raising 1.52 trillion rupees ($20.22 billion) since late April with Facebook buying a 9.99% stake for $5.7 billion.

Google will gain a seat on Jio Platforms’ board alongside Facebook following the transaction.

The latest investment announced on Wednesday comes just days after Alphabet Inc said it would invest $10 billion in India via a so-called digitisation fund over the next five to seven years through equity deals and tie-ups.

“As we end our current cycle of capital raising, we are delighted to welcome another strategic partner into Jio,” Ambani said.

The deal with Google will bolster Reliance’s tech ambitions, such as building smart homes, using solutions similar to Amazon.com Inc’s Alexa voice assistant, connected cars and security systems.

Partnership impact

Jio aims to design a low-cost “4G or even 5G smartphone” for India, Ambani said, in a move that is likely to get tens of millions of Indians to use mobile internet for the first time.

The company, he said, will collaborate with Google to build an Android-based operating system for this new device.

“We want to ensure smartphones along with apps and services in the Play store are within reach for many more Indians,” Sameer Samat, vice president for Android and Play at Google, told Reuters.

“Given the pace of innovation in India, we felt like now was the right time to dramatically increase our commitment.”

Samat declined to give details on the new device or partners Google and Reliance may enlist to help manufacture it.

Google has previously invested in KaiOS, a mobile operating system maker that powers Reliance’s low-cost JioPhone, a basic phone with limited apps.

Jio Infocomm, the mainstay of Jio Platforms and India’s largest mobile carrier with more than 387 million users, will also widen Google’s reach in a country where just about 500 million of its 1.3 billion population use the internet.

“Through this partnership with Jio Platforms we see the chance to have an even greater impact than either company could have alone,” Alphabet CEO Sundar Pichai said in a video message, adding that the Jio investment was “the first and the biggest” investment Google would make via its $10 billion fund.

Google could potentially also benefit from Ambani’s closeness to the nationalist government of Prime Minister Narendra Modi which has taken a hard stand on issues such as data localisation and digital taxes, a headache for big tech firms such as Facebook and Google.

New offerings

Reliance, which has also won the backing of Qualcomm Inc and Intel Corp for Jio Platforms, has built an in-house 5G solution and is ready for trials as soon as 5G airwaves are available, Ambani said.

Ambani did not specify what this solution was, but said Jio would be well-positioned to export it once it reaches scale.

He said the group had also received “strong interest from strategic and financial investors” in Reliance Retail, adding: “We will induct global partners and investors in Reliance Retail in the next few quarters.”

He said JioMart, Reliance Retail’s e-commerce venture which was launched in March, will expand beyond grocery deliveries to sell electronics and fashion. It currently offers free express grocery delivery from neighbourhood mom-and-pop stores.

Reliance also showed off its tech prowess on Wednesday by unveiling two new gadgets: an Apple TV-like new, set-top box with improved features over the previous iteration, and JioGlass, a device that connects to internet for video calls and allows for hosting of online classes.

Ambani’s daughter Isha Ambani demonstrated the educational and healthcare uses of JioMeet, a newly launched video conferencing tool that is free and rivals Zoom Video Communications Inc’s app.

Reporting and photo: Reuters

Business

Bestbuy Maldives, Atmosphere Core elevate chef training with Michelin-star masterclass

Published

on

Bestbuy Maldives (BBM) brought together 100 chefs from leading resorts and restaurants across the country on 24 November for an exclusive culinary masterclass led by Italian One-Michelin-Star Chef Pasquale Palamaro. Held at Hulhule Island Hotel (HIH), the full-house session marked a key highlight of the ongoing “Mediterranean Soul, Maldivian Heart” culinary series presented by Atmosphere Hotels & Resorts in collaboration with BBM.

The masterclass formed the Malé City chapter of the broader programme, which features a lineup of events hosted at RAAYA by Atmosphere and VARU by Atmosphere throughout November 2025. The HIH masterclass served as a platform for professional development, skill exchange, and hands-on learning for chefs from some of the Maldives’ most distinguished culinary teams.

Chef Pasquale, celebrated for his work at Indaco Restaurant in Amalfi, guided participating chefs through a series of live demonstrations that reflected his signature philosophy—one that emphasises intuition, simplicity, and a deep respect for natural ingredients.

“Cooking, to me, is a dialogue with nature — an art of transforming simplicity into beauty. Bringing Indaco’s spirit to the Maldives is an opportunity to merge two coasts and two cultures through taste, technique, and emotion,” he shared during the programme.

Participants explored Mediterranean-inspired methods adapted to Maldivian produce, with Chef Pasquale showcasing dishes rooted in coastal heritage and contemporary craftsmanship. The session also encouraged discussion around ingredient integrity, sustainability-led cooking, and the evolving expectations of today’s luxury diners.

The fully subscribed masterclass reaffirmed BBM’s long-running commitment to cultivating professional excellence within the Maldives’ hospitality sector.

As the authorised distributor of globally renowned culinary and F&B brands, BBM has built a reputation for its Masterclass Series, which brings international expertise to local professionals through practical workshops and high-level training. This latest edition added a Michelin-starred perspective to the growing body of knowledge BBM continues to nurture across the industry.

Ali Afrah Hassan, Head – Human Resources, Administration & Corporate Affairs at BBM, highlighted the importance of consistent capacity building in the sector.

“This masterclass reflects our ongoing commitment to strengthening the skills of the Maldivian culinary community. By creating opportunities for chefs to learn directly from international experts, we help broaden professional exposure and support the industry’s growth. BBM will continue to invest in platforms that uplift local talent and contribute to raising the overall standard of hospitality in the Maldives,” he said.

The masterclass follows two immersive days at RAAYA by Atmosphere earlier in the month, where guests joined farm experiences, tasting sessions, and a hands-on workshop before a five-course dinner curated by Chef Pasquale. The series will continue with a 4-Hands Dinner at Kaagé on 27 November and a masterclass with a five-course dinner at NÜ on 28 November at VARU by Atmosphere.

Anupam Banerjee, Vice President, Food & Beverage at Atmosphere Core, emphasised how the collaboration bridges traditions and culinary ideologies.

“All our island resorts have long been recognised for their culinary offerings,” he noted. “Through Chef Pasquale’s artistry and our island-inspired ethos, we are crafting an evocative dialogue between Mediterranean and Maldivian gastronomies that not only captivates the palate but also champions environmental stewardship and celebrates the cultural richness of both regions.”

For attending chefs, the session offered more than demonstrations—it provided the rare opportunity to learn directly from a Michelin-starred figure whose approach blends innovation with a respect for locality. Many participants described the workshop as an opportunity to refine technique, discover new applications for familiar ingredients, and build valuable connections within the professional community.

With strong engagement and enthusiastic feedback from attendees, the masterclass stands as another milestone in BBM’s long-standing role in elevating culinary standards in the Maldives.

Continue Reading

Business

2 decades of culinary excellence: BBM’s founding legacy with Hotel Asia continues in 2025

Published

on

Hotel Asia Exhibition and International Culinary Challenge is referred to be the hospitality industry event in the Maldives. In this year’s Culinary Challenge (19 to 22 October 2025) comprising competitions over 20 categories, most will take place at the Faculty of Hospitality and Tourism Studies, Maldives National University, and some at the Synthetic Track, Hulhumalé.

A Founding Partnership that Endures

Since the very first edition in 2001, Bestbuy Maldives (BBM) has played a central role in shaping the International Culinary Challenge into the Maldives’ most prestigious culinary platform. The event has become a cornerstone for professional development, bringing together chefs from across the Maldives to compete, learn, and showcase their craft.

BBM and their associated Principals sponsor an overwhelming majority of categories. “From the beginning, our goal has been to create opportunities for Maldivian chefs to rise to global standards. This partnership has grown with the industry itself,” said A.V.S. Subrahmanyam, Chief Operating Officer of BBM.

Nurturing Local Talent

BBM’s contribution extends beyond sponsorship. The company has built a long-term system for recognizing and developing local culinary talent.

  • BBM Chairman’s Trophy for the Best Maldivian Competitor.
  • Most Promising Young Chef Award for emerging talent.
  • Global exposure programs for Maldivian chefs through sponsored participation in international events.
  • Pro-bono Masterclasses with world-renowned chefs to encourage learning and innovation.

Investing in the Future of Hospitality

Through initiatives such as Building Young Talent, BBM continues to mentor aspiring professionals and support the next generation of chefs. The company also promotes inclusivity by sponsoring opportunities for female and young chefs to gain international exposure.

BBM’s industry partnerships include its role as Title Sponsor of the Hotelier Maldives Awards, celebrating excellence across the Maldivian hospitality sector.

Proud Sponsors of Culinary Excellence

In 2025, BBM and its partner brands proudly sponsor 14 competition categories and 8 Main Awards, further strengthening their role in the development of culinary arts in the Maldives. Categories include Decorated Cake, Artistic Showpiece, Bread and Pastry Display, Three Desserts (Display), Desserts, Rice Dish, Asian Noodles, Team Challenge, Maldivian Dish, Creative Sandwich, Young Chef, Tea Challenge, tapas/finger food, and Iced Mocktail.

Continue Reading

Business

Bestbuy Maldives, MNU forge partnership to advance hospitality education

Published

on

The Maldives National University – Faculty of Hospitality and Tourism Studies (MNU-FHTS) and Bestbuy Maldives (BBM) have officially signed a Memorandum of Understanding (MoU) to strengthen industry-academic collaboration and advance hospitality education in the Maldives.

The MoU was signed by Dr Aishath Shehenaz Adam, Vice Chancellor of MNU, and Ismail Hilmy, Chairman and Managing Director of BBM, during a ceremony attended by the university’s Chancellor Dr Mahmood Shaugee, senior management, and representatives from both organisations.

This partnership marks a significant milestone in developing a state-of-the-art Food and Beverage Practical Demonstration Kitchen at MNU-FHTS. BBM will support the upgrading of the existing Garde Manger kitchen and classrooms, contributing financially and materially to create a modern, industry-standard learning environment for future hospitality professionals.

Beyond infrastructure, the collaboration will extend to academic and training support, research and innovation in culinary arts, community engagement, and professional networking opportunities, ensuring that students gain practical, real-world experience aligned with industry expectations.

Highlighting the broader purpose of this partnership, BBM stated that, “This is a significant step in the direction of BBM’s vision involving hospitality industry outreach in the Maldives — because tomorrows start today. Initially, we will set up a world-class model kitchen that will be suitable for masterclasses and hands-on training for students; and also for product demonstrations, masterclasses, and interaction with groups of customers.”

Speaking at the ceremony, representatives from both institutions emphasised their shared vision to promote excellence in education, innovation, and human capital development in the Maldivian hospitality sector. This partnership underscores BBM’s continued commitment to supporting education and industry growth, and MNU-FHTS’s mission to bridge the gap between academia and industry — nurturing the next generation of hospitality leaders in the Maldives.

Continue Reading
Advertisement

Trending

Copyright all rights reserved by Maldives Promotion House 2023.