Flipkart rolls out 'dark stores' for deliveries as it takes on Reliance's JioMart
Last week, Flipkart announced the launch of its hyperlocal services called ‘Flipkart Quick’ in various parts of Bengaluru, where consumers can book a two-hour delivery of about 2,000 products like grocery, fresh items and smartphones, among other electronic items.
Reliance Jio unveils JioGlass to expand presence in virtual reality space
"Jio Glass comes with a convenient cable that you can attach to your phone and thus connect to the internet. It is at cutting edge of the technology that provides best in class mixed reality service," Reliance Jio Infocomm President Kiran M Thomas said at RIL annual general meeting (AGM).
Reliance Jio Infocomm to deploy its own voice over new radio (VoNR) technology on 5G
The telco has already developed its own technology which powers its voice over LTE (VoLTE) services nationally and handles more than 10 billion minutes of calls on a daily basis. Kiran Thomas, president at Reliance Industries (RIL), Jio’s parent, said that VoNR is backward compatible and will work on 4G as well.
Reliance Jio trumps Airtel in Q1 ARPU growth on stronger tariff hike impact
Jio on Thursday had nearly trebled its net profit to Rs 2,520 crore in April-June period -- its 11th profitable quarter in a row -- helped by a combination of tariff increases, strong customer adds and lower finance costs after reducing debt. Shares of Jio’s parent, Reliance Industries (RIL) were marginally down 1.8% in Friday afternoon trade on BSE.
Reliance Jio may face stiff challenges as it targets global 5G tech space
Experts say Reliance Jio will face stiff challenges as it enters the 5G club and offers its product to operators globally, with rivals Huawei, Nokia and Ericsson ahead in developing the technology and in filing patents. ET's Devina Sengupta has more. Watch now. (Text: ET Bureau)Reliance Jio may face stiff challenges as it targets global 5G tech space
Stiff competition awaits Reliance Jio as it takes 'made-in-India' 5G tech to the world
The effort is time-consuming as components related to 5G and many processes would already have been patented. Jio being a new entrant will take time to catch up with its rivals like Huawei, Ericsson and Qualcomm.
To fight Amazon and Reliance JioMart, Flipkart wholesale will pick up Walmart’s best price
Walmart has long been scouting for a viable and competitive business model for the Best Price brand, which consists of 28 stores and ecommerce operations.
Reliance Jio tops Trai's 4G chart with 16.5 mbps download speed in June
Idea followed Jio in download speed chart with 8 mbps speed, the latest data published on Trai's Myspeed portal showed. The Telecom Regulatory Authority of India (Trai) recorded average download speed of 7.5 mbps and 7.2 mbps on 4G network of Vodafone and Bharti Airtel, respectively, in June.
Reliance Jio seeks spectrum for 5G trials, plans to sell tech to overseas buyers
"Jio has said that high frequencies has been put to use in advance countries like the US, South Korea, Japan, Canada, the UK. They also want trails in these bands should start in India to make India "Aatmanirbhar". Government is open to the suggestion and trials. Already many trials are going on," an official source said.
View: Reliance Jio’s 5G foray is exactly the push India needs in this direction
In the 5G world, telecom operators need to move beyond connectivity and collaborate with multiple stakeholders across sectors such as finance, transport, retail and healthcare to deliver innovative digital services.
Reliance's Jio TV+ eyes huge disruption in video streaming space with its unified interface
The app will come with a unified interface for all Jio set-top box users and offer a single log-in for 12 video streaming services, including Netflix, Amazon Prime Video, Disney+ Hotstar, Voot, Sony LIV, Zee5, Lionsgate Play, JioCinema, Shemaroo, JioSaavn, YouTube, and Eros Now.
Reliance Jio and Google to jointly develop affordable 4G, 5G smartphones in the future
Under the partnership, Google will provide optimisations to its Android operating system and the Play Store for smartphones that Jio will launch in the market, the two firms said on Wednesday. Google is also aiming to take the affordable smartphones and services developed out of its partnership with Jio to the rest of the world.
Google to put in Rs 33,737 crore to buy a 7.7 percent stake in Reliance Jio
According to a PTI report, Google has agreed to invest Rs 33,737 crore to buy a 7.7 per cent stake in Reliance Industries' technology venture, adding to a slew of investments since April that has crossed Rs 1.52 lakh crore. California-based Alphabet Inc joins Facebook Inc, which opened the investment cycle in Jio Platforms by picking 9.99 per cent stake for Rs 43,573.62 crore, as well as chipmaker Intel Corp and Qualcomm Inc.
Reliance Jio aims to achieve 500 million subscribers in 3 years, says Mukesh Ambani
"In the next three years, Jio will connect half a billion mobile customers, a billion smart sensors and 50 million home and business establishments:," said Ambani at the 43rd AGM.
Reliance Jio's complaint leads to Trai blocking Airtel, Vodafone Idea premium plans
Jio asked Trai Chairman to check if Voda Idea’s RedX and Airtel’s Platinum premium tariff plans are in compliance with India’s extant regulatory framework or if they violate consumer interest.
Reliance Jio grows user base in March, while Airtel, Voda Idea lose due to lockdown pangs
Airtel and VIL though have reported customer bases of 283.66 million and 291.1 million respectively in their March quarter earnings numbers respectively, while Jio reported a user base of 388 million in the fiscal fourth quarter.
Another cheque for Ambani? Google in advanced talks to invest $4 billion in Reliance Jio: Reports
Google is in advanced talks to buy a stake in Reliance Industries digital arm Jio Platforms, according to a Bloomberg report. The search giant's boss Sundar Pichai, in an interview to ET earlier, had neither denied nor confirmed reports of Google’s interest in Jio. Google has pledged $10 billion in India over the next five to seven years. Reliance’s digital services business unit, netted almost $16 billion in a fundraising blitz.Another cheque for Ambani? Google in advanced talks to invest $4 billion in Reliance Jio: Reports
Reliance Jio Q1 results: Profit jumps 3 folds to Rs 2,520 crore; ARPU at Rs 140.3
For the quarter ended June, Jio posted profit of Rs 2,520 crore compared with Rs 891 crore a year ago, and Rs 2,331 crore in the preceding quarter.
Abu Dhabi's Mubadala to invest $1.2 billion in Reliance's Jio Platforms
Reliance has now sold 19% interest in Jio Platforms, which houses movie, music apps & Infocomm.
Airtel, Vodafone Idea, Reliance Jio change their operating models
Industry executives and company officials said that even the sales operations will change, with teams now targeting neighbourhoods instead of long distances to generate business leads. They are also expected to restart talks to lower network costs, with demand surging in an era where social distancing will become the norm.
Saudi, American firms eye stakes in Reliance's Jio
Three deals in three weeks injected a combined $8 billion in the group and help it pare its debt.
NCLT adjourns Reliance Communications and Reliance Telecom case to August 19
According to legal sources, the telecom regulator has filed an application for RCom and Reliance Telecom seeking that provision be made in resolution plan that post paid subscribers get back their unspent money and deposits . Axis Bank also raised a question on its guarantees but both these matters will be heard on August 19 by NCLT.
TDSAT rejects Trai view that Jio not the trigger for blocking rivals' premium plans
In its ruling, TDSAT had said that Trai has started the probe after getting a complaint from Jio, but the regulator said it had started enquiries into the two plans on July 6 itself, and not after Jio’s letter of July 8.
Jio adds the most customers in February at 6.25 million
Jio ended February with 383.67 million subscribers, Airtel with 328.95 million and Vodafone Idea with 325.52 million, data released by sector regulator Trai on Monday showed.
Reliance Jio & Facebook differ on key issues
Facebook and Jio’s views diverge sharply on the matter of providing access to data.
The week that was in 10 stocks: ICICI Securities, Motilal Oswal, Edelweiss tank
Energy-to-telecom behemoth Reliance Industries (RIL) dipped over 3.50 per cent last week.
Reliance Jio says no preferential access to Facebook, Whatsapp
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.
How Facebook is logging into the Reliance Jio ecosystem
The Reliance-Facebook deal has ensured the creation of yet another high-powered ecosystem.
Jio Q1: Profit jumps 3 folds to Rs 2,520 crore
Mumbai: Reliance Jio Infocom nearly tripled its net profit on year in the April-June period – its eleventh profitable quarter in a row - helped by the delayed impact of tariff hikes taken last December, decent customer additions and lower finance costs after reducing debt.For the quarter ended June, Jio posted profit of Rs 2,520 crore compared with Rs 891 crore a year ago, and Rs 2,331 crore in the preceding quarter. Analysts had estimated Jio’s in net profit in the June quarter at around Rs 2,600 crore.Jio Q1: Profit jumps 3 folds to Rs 2,520 crore
RIL Q1 results: Profit jumps 31% YoY to Rs 13,233 crore on exceptional gains, beats Street estimates
RIL managed to bring down total expenditure by about 42 per cent YoY to Rs 87,406 crore from Rs 1,50,858 crore in Q1FY20.
RIL Q1 results preview: Jio likely to cushion Reliance Industries' Q1FY21 earnings
Oil-to-telecom conglomerate Reliance Industries (RIL) is likely to report a drop in net profit for the quarter ended June as Covid-related disruptions may have impacted refining, petchem and retail businesses while telecom business Jio may be an outlier. Here's what to expect. Watch.RIL Q1 results preview: Jio likely to cushion Reliance Industries' Q1FY21 earnings
Another cheque for Reliance Jio: Saudi Arabia's PIF buys 2.32% stake for Rs 11,367 cr
Jio Platforms is set to raise Rs 11,367 crore by selling another 2.32% to Saudi Arabia's sovereign wealth fund Public Investment Fund (PIF). This will be the tenth investor picking up a stake in the Reliance Industries’ (RIL) telecom and digital business in eight weeks. The investments peg Jio Platforms’ equity value at Rs 4.91 lakh crore and enterprise value at Rs 5.16 lakh crore. With the latest investments, parent Reliance Industries stands to get Rs 115,693.95 crore from the 10 investors in exchange for 24.70 % stake, the group said in a statement Thursday.Another cheque for Reliance Jio: Saudi Arabia's PIF buys 2.32% stake for Rs 11,367 cr
Telecom industry loses 82 lakh subscribers in April, pressure to continue: Report
The decline in subscriber base during April was preceded by a loss of 28 lakh connections in March, which saw the lockdown being imposed towards the end, India Ratings and Research said in note. The biggest losers were Bharti Airtel and Vodafone Idea, it said, adding sector leader Reliance Jio witnessed a growth in its base.
Telemarketers tear up as Telcos hike commercial bulk SMS fees by 25-30% from next month
Almost 50,000 telemarketers, third-party aggregators and resellers of messaging services who pay 9-10 paise/SMS to telcos now will be hit by an additional charge of 2.5 paise/SMS.
Reliance Jio comes out with new 'work from home' annual plan
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.
Reliance JioMart ramps up ops with credit, incentives
JioMart is ramping up operations, intensifying the grocery wars through WhatsApp.
Premium tariff offer: Voda Idea sees Red, takes on Trai in reply to notice on plan
The company said the regulator had not stated that the plan’s priority network access feature was in violation of regulations and sought a personal hearing to represent its case appropriately.
Telecom department stuck on allotting 5G trial airwaves in absence of Huawei, ZTE clarity
Officials say all telcos, including Jio, have applied for 5G spectrum for trials and everyone will be allotted. But "only once the government formally takes a stance on Huawei and ZTE”.
Can IT be the next FMCG for the market? Ashwini Agarwal explains
Within the IT space, discretionary projects might be put on hold but providing mobility, work from home, additional layers of security, key business architecture are things companies cannot do without and the IT services segment is in a good place.
Reliance Jio offers 1-year complimentary Disney+ Hotstar VIP subscription to prepaid users
As per the information on Jio.com, prepaid users opting for plans starting at Rs 401 will be able to avail the Disney+ Hotstar VIP subscription worth Rs 399 for one year, at no extra cost, over and above the other benefits they get in a plan. The offer can be availed by Jio prepaid customers opting for specific monthly pack, annual pack, and add on data packs.
Include 26 GHz band in 5G spectrum auction to help roll out cost-efficient networks: Telcos
India’s telcos have asked the government to include the 26 GHz band in the 5G spectrum auction to help roll out cost-efficient networks and price services more affordably.
AGR Dues: Vodafone-Idea misses July 15 payment deadline, seeks additional time
Failure to pay on time leads to the invoking of bank guarantees, but the government may allow more time if Vodafone Idea pays up with interest.
6 deals in 6 weeks: Mukesh Ambani gets Rs 87,655 cr in Reliance Jio stake sale
Reliance Industries on Friday announced the sale of 1.85 per cent stake in its digital unit to Abu Dhabi-based sovereign investor Mubadala for Rs 9,093.60 crore, the sixth deal in as many weeks that will inject a combined Rs 87,655.35 crore in the oil-to-telecom conglomerate to help it pare debt. The latest would take the combined holding to 18.97% and investment amount of up to Rs 87,655.35 crore.6 deals in 6 weeks: Mukesh Ambani gets Rs 87,655 cr in Reliance Jio stake sale
Abu Dhabi-based Mubadala to invest Rs 9,093 cr in Reliance's Jio Platforms
Abu Dhabi-based sovereign investor Mubadala Investment Company will invest Rs 9,093.60 crore for a 1.85% equity stake in Jio Platforms. This will be the sixth investment in Jio, which has an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.Abu Dhabi-based Mubadala to invest Rs 9,093 cr in Reliance's Jio Platforms
Recharge options if you are looking at yearly prepaid plans by Reliance Jio, Airtel & Vodafone
Reliance Jio and Airtel recently announced yearly plans whereas Vodafone Idea is continuing with its older yearly plan.
Jio differs with Voda-Idea, Airtel on the need to rationalise international roaming rates
Reliance Jio Infocomm has taken a contradictory stand to Vodafone Idea and Bharti Airtel on the issue of international roaming tariffs, further underlining spreading the fault lines in the industry.
Facebook-Reliance Jio deal to go to CCI, Trai may also step in
Analysts have sought transparency in how Facebook and Jio will control the data they have.
Watch: Facebook CEO Mark Zuckerberg on Reliance Jio deal
US tech titan Facebook has acquired a 9.99 per cent stake in Mukesh Ambani’s digital operation Reliance Jio, the telecom arm of Reliance Industries Ltd (RIL), for USD 5.7 billion (about Rs 43,574 crore), in a deal that puts the pre-money enterprise value of Jio Platforms at Rs 4.62 lakh crore."Facebook is teaming up with Jio Platforms. We're making a financial investment, and more than that, we're committing to work together on some major projects that will open up commerce opportunities for people across India", says Facebook CEO Mark Zuckerberg.Watch: Facebook CEO Mark Zuckerberg on Reliance Jio deal
Watch: Statement by Mukesh Ambani on Facebook-Reliance Jio deal
US tech titan Facebook has acquired a 9.99 per cent stake in Mukesh Ambani’s digital operation Reliance Jio, the telecom arm of Reliance Industries Ltd (RIL), for USD 5.7 billion (about Rs 43,574 crore), in a deal that puts the pre-money enterprise value of Jio Platforms at Rs 4.62 lakh crore. Here’s the video statement by Chairman & Managing Director Sh Mukesh D. Ambani.Watch: Statement by Mukesh Ambani on Facebook-Reliance Jio deal
Facebook-Jio deal: Tech giant picks 10% stake in Reliance Jio
Facebook’s investment will translate into a 9.99 per cent equity stake in Jio Platforms.
Jio likely to bag 41% of mobile subscribers, 44% revenue share by March 2024: Analysts
Jio’s market and revenue share in FY24 are expected to widen from 37 per cent each at end of FY20, brokerage Axis Capital said in a report.
Jio Platforms: Reliance seen emerging as bigger threat for US firms like Amazon, Walmart
Reliance has a track record of disrupting rival businesses. On Wednesday, billionaire chairman Mukesh Ambani said Reliance will expand e-commerce platform JioMart - which connects small retailers with consumers - to offer not just groceries but also electronics and fashion goods.
‘Aramco deal has not progressed as planned’
While Ambani didn’t give any new timeline for the completion of the deal with Saudi Aramco, the chairman said RIL has been “approached by global companies for strategic partnerships in the petrochemical business”. He, however, didn’t name any company.
After a $20 billion Jio frenzy, India's richest man is now seeking money for retail
Asia’s richest man and the chairman of RIL told shareholders Wednesday that Reliance Retail Ltd. is getting inquiries from investors and may start bringing some on board in the coming months.
Jio investment first, biggest of India investment plans: Google CEO Sundar Pichai
Pichai, announcing the partnership with Reliance Jio on Wednesday added, more work needs to be done to provide digital access to billions of Indians who still don't own a smartphone. Google and Jio Platforms have entered into a commercial agreement to jointly develop an entry-level affordable smartphone with optimizations to the Android operating system and the Play Store.
RIL chairman Mukesh Ambani announces development of home-grown complete 5G solution
Ambani added that it will be ready for trials as soon as the spectrum is available.
Walmart leads $1.2 billion round in Flipkart at $25 billion valuation
This is the largest such fundraising for Flipkart since Walmart acquired it two years ago for $16 billion, valuing it at $21 billion then, making it one of the largest foreign investments in the country’s fledgling internet ecosystem.
Sundar Pichai is ready to realize India’s potential with the way CEOs know best: A fat cheque
The American search-engine giant said its Google unit plans to spend $10 billion over the next seven years on operations, infrastructure and investments as a “reflection of our confidence in the future of India and its digital economy.”
Choksey's Mantra: Stick to quality, avoid momentum-driven mid & smallcaps
For retail customers to return to the market, advisors will play a very critical role going forward
Inflows into Jio Platforms limit H1 PE/VC dip to 10% at $18.3 billion
In terms of volume, number of deals in January-June period declined 11 per cent from the year-ago period's 499 deals.
KKR to acquire 2.32% stake in Reliance jio platforms for Rs 11,367 cr
KKR, the global investment firm based in New York, will invest Rs 11,367 crore into Jio platforms, which is the largest investment in Asia, said the Reliance Industries Limited (RIL) on Friday. "Reliance Industries Limited and Jio Platforms Limited announced today that KKR will invest Rs 11,367 crore into Jio Platforms. This transaction values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore," RIL said in a statement.KKR to acquire 2.32% stake in Reliance jio platforms for Rs 11,367 cr
Nokia, Ericsson source components for India telecom gears from China
A Nokia spokesperson told ET that the Finnish gear maker “sources fab and components from 17 countries, including China as part of its global supply chain”.
Airtel, Vodafone Idea mobile revenue, operating income likely to dip
But both of India’s older telcos are likely to gain on margins front, courtesy lower sales, marketing costs and commissions during the pandemic, which may help narrow losses sequentially.
Reliance Jio reduces validity of a popular plan
Reliance Jio has recently introduced two new plans priced at Rs 49 and Rs 69 which come with 14 days of validity and offer 2 GB and 7 GB data respectively. Jio has also tweaked its long term Rs 2020 plan which is now priced at Rs 2121 that has a validity of 336 days against 365 days of Rs 2020 plan.
Companies raising funds clear reason why markets are rallying: Kunj Bansal
‘We can clearly see the interest of foreign investors in any of the quality offerings’
COAI DG Rajan Mathews quits; ex-TSSC chief SP Kochar takes charge
Mathews has been advocating for favourable policy for the telecom industry since the last 10 years. Mathews, who is an US citizen, will be heading to the US to join his family in New Jersey.
Reliance Industries launches unlimited free conferencing app JioMeet as competition to Zoom
Reliance launches free video-conferencing application called JioMeet that can host 100 people.
12th cheque for Reliance, Intel Capital to buy 0.39% stake in Jio Platforms for Rs 1,894 cr
Electronic chip maker Intel's investment arm, Intel Capital, will buy 0.39 per cent stake in billionaire Mukesh Ambani's digital unit, Jio Platforms, for Rs 1,894.50 crore, the company said on Friday. Intel Capital is 12th company to join the list of marquee firms who have recently invested in Jio Platforms, taking the total investment amount to Rs 1,17,588.45 crore. Jio Platforms, a wholly-owned subsidiary of Reliance Industries, also runs Reliance Jio telecom business. Jio leads the India market with over 38.8 crore subscribers.12th cheque for Reliance, Intel Capital to buy 0.39% stake in Jio Platforms for Rs 1,894 cr
Airtel's Ajai Puri to chair COAI, Jio's PK Mittal appointed vice-chairman
Telecom industry body COAI on Thursday announced the appointment of Bharti Airtel chief operating officer for India and South Asia, Ajai Puri, as its new chairman and Reliance Jio president P K Mittal as vice-chairman for 2020-21.
Jio prepaid plans that offer FUP of 12,000 minutes
Jio offers 12,000 minutes of FUP on prepaid plans priced at Rs 2599, Rs 2399, Rs 2121, Rs 1299 and Rs 4999. All these prepaid plans offer different features and come with varying data plans.
Facebook eyes multi billion dollar stake in Reliance Jio: FT
Facebook Inc is in talks to buy a multi billion dollar stake in Reliance Industries Ltd's telecom unit, the Financial Times reported on Tuesday, citing two people with knowledge of the matter.
Vodafone could be a multibagger if it resolves its AGR problems in 2-3 years: Dipan Mehta
‘It may not be the right time for telcos to increases ARPUs’
Silver Lake to invest Rs 5,655.75 crore in Reliance Jio Platforms
US private equity firm Silver Lake will invest Rs 5,655.75 crore in Jio Platforms to take 1.15% stake at an equity value of Rs 4.90 lakh crore Silver Lake to invest Rs 5,655.75 crore in Reliance Jio Platforms
Private equity firm Silver Lake to invest Rs 5,655.75 crore in Reliance Jio Platforms
Silver Lake will invest Rs 5,655.75 crore in Reliance Jio at an equity value of Rs 4.90 lakh crore.
Reliance Jio’s hand at video-conferencing: Jio Meet app coming soon
Reliance Jio says its “just a few days away” from launching its conferencing app called Jio Meet.
Reverie eyes big boost from local translation services with Reliance products
According to co-founder and CEO Arvind Pani, Reliance’s current digital strategy targets the same set of audiences as Reverie, which makes software solutions for Indian language services. In his view, language inclusion would be critical for the parent company’s larger digital inclusion plans. Reliance Jio, its telecom unit, has a subscriber base of 388 million.
The best prepaid rechange plans under Airtel, Reliance Jio and Vodafone Idea
The three networks have varied plans across price ranges, we've put together the best plans under Rs 700.
Here's where Airtel tops Reliance Jio, Vodafone Idea on some parameters
In terms of service quality of mobile networks, Bharti Airtel has outperformed its rivals, Vodafone Idea and Reliance Jio, in four out of five metrics, according to a study.
Jio has the potential to unlock $2 trillion market opportunity: Bernstein
‘In the next five years, e-commerce will be a large part of the entire Jio platform story’
Telcos beef up security amid cyber threats
Security experts have said India’s telcos, with their large customer base and enterprise businesses, are most susceptible to state-sponsored cyber attacks.
Reliance Jio's new yearly plan: All you need to know
Jio has come out with an yearly plan, giving 360 days of validity. Earlier, the telco had withdrwan its Rs 2020 plan and instead brought a Rs 2121 plan with lower validity.
Reliance Jio develops in-house 5G tech to reduce costs
Jio has developed its own 5G and other technologies, to cut costs and reduce dependence on foreign vendors.
Explainer: How Mukesh Ambani made Reliance Industries a net debt-free company
Billionaire Mukesh Ambani on Friday announced that his oil-to-telecom conglomerate Reliance Industries is now net-debt free months ahead of its March 2021 target after raising a record Rs 1.69 lakh crore from stake sales and rights issue in less than two months time. RIL turns net debt free well before its own target of March 2021. Here's an explainer video detailing Reliance's zero-debt dream fulfilled.Explainer: How Mukesh Ambani made Reliance Industries a net debt-free company
The 4 am call behind Reliance Jio-Facebook’s Rs 43,574 crore deal
Even as the world grappled with the threat of the coronavirus pandemic, a high-profile, year-old deal between Reliance and Facebook was undergoing final touches. Here’s how it played out.
Jio counters Paytm lawsuit against telcos over phishing
In a counter affidavit to a petition filed by Paytm in the Delhi HC , Jio said mobile phone companies cannot be held liable for “unlawful activity” occurring over calls and messages as per the telecom regulator’s Telecom Commercial Communication Customer Preference Regulation (TCCCPR), 2018, aimed at checking pesky calls and messages.
Reliance net debt-free: Mukesh Ambani achieves zero-debt dream ahead of time, courtesy Jio deals and rights issue
Billionaire Mukesh Ambani on Friday announced that his oil-to-telecom conglomerate Reliance Industries is now net debt-free after raising a record Rs 1.69 lakh crore from global investors and a rights issue in under two months. Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm's digital arm, Jio Platforms Ltd, and another Rs 53,124.20 crore through a rights issue in the past 58 days. Taken together with last year's sale of 49 per cent stake in fuel retailing venture to BP Plc of UK for Rs 7,000 crore, the total fund raised is in excess of Rs 1.75 lakh crore, the company said in a statement.Reliance net debt-free: Mukesh Ambani achieves zero-debt dream ahead of time, courtesy Jio deals and rights issue
Investors will keenly watch how Jio monetises its non-telecom biz: Probal Sen
‘Mobility business is the one that has created scale and has established itself’
Now you can recharge your Jio number from an ATM near you
The telecom company announced recharge facility at the ATMs of some of the banks.
Facebook acquires 9.99% stake in Reliance Jio for Rs 43,574 crore
US tech titan Facebook has acquired a 9.99 per cent stake in Mukesh Ambani’s digital operation Reliance Jio, the telecom arm of Reliance Industries Ltd (RIL), for USD 5.7 billion (about Rs 43,574 crore), in a deal that puts the pre-money enterprise value of Jio Platforms at Rs 4.62 lakh crore.Facebook acquires 9.99% stake in Reliance Jio for Rs 43,574 crore
Facebook buys 9.99% stake in Reliance Jio for Rs 43,574 crore
Facebook will invest Rs 43,574 crore, largest FDI in India's technology sector.
9 months on, Reliance Jio’s $8bn tower deal with Brookfield awaits nod
While final approvals from the Department of Telecommunications (DoT) and Ministry of Home Affairs (MHA) are expected shortly, as per the sources cited, Reliance Industries’ (RIL) debt reduction plans have been delayed.
AGR case: DoT withdraws 96% of dues of PSUs; SC asks telcos to submit financial documents
The Centre on Thursday informed the Supreme Court that the Department of Telecommunications (DoT) has decided to withdraw 96 per cent of the Rs 4 lakh crore demand for AGR related dues raised against non-telecom PSUs like GAIL. The top court also said that private telecom companies including Bharti Airtel, Vodafone Idea must come out with a “reasonable payment plan” and asked them to file their books of accounts for the last 10 years.AGR case: DoT withdraws 96% of dues of PSUs; SC asks telcos to submit financial documents
Jio won't have been possible without RIL's family-backed management: Damodaran
Launched in 2016, Reliance Jio is now the country's largest telco with 388 million subscribers.
Bharti Airtel seeks 20 years to pay AGR dues, says DoT has bank guarantees worth Rs 10,800 crore
It said DoT is already in possession of certain securities and guarantees amounting to approximately- Rs. 10,800 crores, consisting of Rs. 4,000 crores towards dues under the license, including amount of Rs. 2,800 crore equivalent to two quarters of estimated license fees; and Rs. 6,800 crores towards spectrum deferred liability.
Jio to capture 48% market share by FY25: Bernstein
Jio is likely to capture 48 per cent of Indian mobile subscriber marketshare by 2025.
Reliance Jio user addition in December falls sharply: Trai
Mukesh Ambani-led Jio added a modest 82,308 mobile users, taking its subscriber base past 370 million in December, way below the 9.1 million and 5.6 million customer-adds reported by the company in October and November respectively last year.
Jio deals show how tech firms & telcos may behave in future: Naveen Kulkarni
‘RIL now comfortably placed to becoming net debt-free by Dec’
Jio Platforms to raise another Rs 6441.3 crore by selling stakes to TPG, L Catterton
While TPG is set to invest Rs 4,546 cr in Jio for a 0.93% stake, L Catterton will invest Rs 1,894 cr to pick up 0.39%.
AGR dues: Rejoice for PSUs, payment plan sought from telcos; what next?
The Supreme Court Thursday expressed grave concerns over the Department of Telecommunications' move to slap spectrum dues worth over Rs 4 lakh cr from PSUs as adjusted gross revenue (AGR)-based dues on par with private sector telco's dues. It was also sceptical about the government's plans for staggering recovery of another Rs 1.69 lakh crore spread across 20 years from the private telcos. ET's Devina Sengupta has more. (Text: ET Bureau)AGR dues: Rejoice for PSUs, payment plan sought from telcos; what next?
Vodafone Idea needs ARPU of Rs 238 to meet cash flow needs even if allowed 20 yrs to pay AGR dues: Analysts
Goldman Sachs said if telcos are allowed a 20-year repayment period, “VIL would require Rs 30,900 crore Ebitda by FY23 to just be FCF neutral, which would imply an ARPU of Rs 238 per month”. The telco’s ARPU was Rs 109 in the fiscal third quarter. VIL is yet to report March quarter earnings.
