RIL Jio Q3 profit surges 62% to Rs 1,350 cr
NEW DELHI: Reliance Industries telecom unit Jio on Friday posted a 62.45 per cent yearly rise in ...
Reliance Jio Q3 profit surges 62% to Rs 1,350 crore; Arpu falls to Rs 128.4
Total capitalisation of Jio Platforms stood at Rs 1,70,000 crore,...
Reliance Q3 results: Profit rises 13% to Rs 11,640 crore on good Jio & retail show
Analysts in an ET NOW poll had estimated Reliance's profit...
Jio widens its subscriber base, Vodafone Idea falls further: Trai
Among the three access service providers, Reliance Jio added the highest number of 5.6 million wireless subscribers, while Bharti Airtel saw a nominal net addition of 1.6 million, according to subscriber data for November 2019 released by the Telecom Regulatory Authority of India (TRAI) on Thursday.
What drove RIL’s record quarterly show: Key highlights of Q3 earnings
Reliance Jio's Q3 profit surged 62% YoY to Rs 1,350 crore, while Arpu fell to Rs 128.40.
Fiat Chrysler and Foxconn plan Chinese electric vehicle joint venture
Italian-American automaker Fiat Chrysler and the parent of iPhone assembler Foxconn are planning to set up a joint venture to build electric cars and develop internet-connected vehicles. Fiat Chrysler is looking to make up ground in the battery-powered vehicle space and is set to launch its first full-electric model - the 500 small car - this year.
Government relief only hope, else telecom sector headed for duopoly: Analysts
Industry experts are divided over the likely outcome of the sector heading towards a duopoly with two private telcos-Reliance Jio and Bharti Airtel plus one PSU- BSNL with a limited reach. While Vodafone Idea is reeling under the debt of Rs 53,000 crores as AGR payment, Airtel is better financially placed to pay its statutory dues of Rs 35,000.
ICICI Securities warns that Jio will be hurt if it does not bag RCom’s spectrum
The brokerage firm’s warning comes on the back of asset reconstruction company UVARCL being selected by RCom’s committee of creditors (CoC) as the top bidder for RCom and Reliance Telecom’s assets which mainly include –spectrum and data centres.
The kirana is a technology shop too
Your neighbourhood store is changing with canny store owners realising the benefits of going digital.
Jio, UVARC emerge top bidders for RCom assets
Reliance Jio had placed Rs 4,700-crore bids for mobile tower and fibre assets of RITL. With this, the 38 lenders of RCom would recover 75% of the total outstanding of around Rs 33,000 crore. This is the highest-ever recovery of dues by financial creditors in the telecom sector that has seen the exit or shutdown of 9 out of 12 telecom companies since 2012.
Govt may unveil Rs 36 K-cr plan to get more phones made in India
Indian Cellular & Electronics Association, which has Apple, Foxconn, Xiaomi and Flextronics among its members, has flagged subsidy for machinery & equipment, cost of power, incentive for supporting industry, labour subsidy, logistics and reduction of land rentals as other disabilities India faces in comparison to rivals such as Vietnam.
Airtel, Jio, Voda Idea submit applications for 5G trials; Huawei partners with 2 telcos
Last month, Telecom Minister Ravi Shankar Prasad had said the government will allocate airwaves to all telecom service providers for conducting trials of super-fast speed 5G network. India will not bar any equipment suppliers in the upcoming trials for 5G.
Reliance Jio, 6 other firms to list commercial papers worth Rs 8,812 crore on BSE
Till date 84 issuers have done 677 issuances of commercial papers and have successfully listed CPs of Rs 1,97,882 crore on BSE.
Reliance Q3 results preview: Profit may jump 10-14%; GRM seen at $9.2-9.6
Edelweiss expects Reliance to report 11.6% jump in consolidated profit at Rs 11,400 crore.
Huge blow to telecom cos: SC hangs up on telcos’ AGR review petitions
Voda Idea & Airtel may file curative petitions, seek more time to pay combined Rs 89,000 cr dues
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