Facebook likely to buy 10 per cent stake in Reliance Jio
4 years, 9 months ago

Facebook likely to buy 10 per cent stake in Reliance Jio

India TV News  

Social media major Facebook is reportedly planning to buy 10 per cent stake in the country's biggest telecom company Reliance Jio. According to Financial Times, Facebook is looking at buying a multibillion-dollar stake in Reliance Jio which has been valued at USD 60 billion by analysts at Bernstein. On March 18, RIL took over some of the debt of Reliance Jio but the company neither disclosed financial details of the transaction nor the names of creditors. In March last year, assets worth about Rs 1.25 lakh crore were demerged from RJIL to Infrastructure Investment Trusts aimed at optimising operational efficiencies and better monetisation of core digital connectivity platform, tower and fibre passive infrastructure.

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History of this topic

Explained: Why Tata Investment share price jumped 12% today
3 weeks, 2 days ago

Explained: Why Tata Investment share price jumped 12% today

India Today  

Shares of Tata Investment Corporation Limited rallied 12% in early trade on Tuesday after media reports indicated that the Tata Group has initiated preparations for the IPO of Tata Capital, its flagship financial services arm. TICL’s close association with Tata Sons explains the strong investor interest in its shares, given the anticipated value unlock from the Tata Capital IPO. The …

Reliance shares price poised for 50% returns? 5 key reasons why Mirae Asset Sharekhan is bullish on the stock
3 weeks, 3 days ago

Reliance shares price poised for 50% returns? 5 key reasons why Mirae Asset Sharekhan is bullish on the stock

Live Mint  

Stock Market Today: Reliance Industries share price remains in a downtrend after hitting a one-year or 52-week high of ₹1,608.95 in July. Mirae Asset Sharekhan has given a target price of ₹1817 for Reliance Industries shares as they remain among its top conviction investment ideas. Jio has revolutionised the Indian telecommunications industry, becoming the dominant player in the domestic telecom …

Airtel Gains Subscribers While Jio and Vodafone Idea Lose; BSNL Sees Small Growth in October 2024
3 weeks, 3 days ago

Airtel Gains Subscribers While Jio and Vodafone Idea Lose; BSNL Sees Small Growth in October 2024

New Indian Express  

NEW DELHI: For the first time since the tariff hike announced by private telecom operators in July 2024, Bharti Airtel added 1.9 million subscribers in October 2024. However, Reliance Jio, India's largest telecom service provider, continued to lose subscribers, with a loss of 3.76 million, while Vodafone Idea Limited lost around 1.97 million customers. Vodafone Idea, India's third-largest telecom operator, …

Steelman Telecom stock hits 20% upper circuit after company wins ₹147 crore Reliance Jio order
1 month, 1 week ago

Steelman Telecom stock hits 20% upper circuit after company wins ₹147 crore Reliance Jio order

Live Mint  

Shares of Steelman Telecom were locked at the 20 per cent upper circuit limit in Wednesday's trade, December 4, hitting a one-month high of ₹154.80 apiece. In an exchange filing on Tuesday, the company informed investors that it had received an order worth ₹147 crore to provide frontend, backend, and supervisory teams for the maintenance of indoor small cells, indoor …

Jio, Airtel and Vodafone Idea looses subscriber, BSNL gains in September 2024: Know-how
Trending News
1 month, 3 weeks ago

Jio, Airtel and Vodafone Idea looses subscriber, BSNL gains in September 2024: Know-how

India TV News  

Reliance Jio, India’s leading telecom operator has reported significant subscriber losses for the third consecutive month in September 2024, with 7.96 million wireless users leaving its network. As of September 30, 2024, Jio’s wireless subscriber base stood at 463.78 million, Airtel at 383.48 million, Vi at 212.45 million, and BSNL/MTNL combined at 93.8 million. Jio remains the market leader with …

Explained: Why Jio Financial Services share price surged over 6% today
2 months ago

Explained: Why Jio Financial Services share price surged over 6% today

India Today  

Jio Financial Services saw its shares jump over 6% on Thursday, fuelled by the National Stock Exchange announcement that it will add JFS and 44 other stocks to its futures and options trading segment. The F&O listing update from the NSE will take effect on November 29, bringing a range of prominent companies into the fold, including Zomato, DMart, Paytm, …

RIL preparing for Jio IPO next year, retail business to go public much later
2 months, 1 week ago

RIL preparing for Jio IPO next year, retail business to go public much later

Live Mint  

Reliance Jio IPO: Reliance Industries Ltd aims to list its subsidiary Jio Platforms Ltd, which houses the country’s largest telecom company, in 2025, two people familiar with the development said. Reliance Jio Infocomm Ltd, a fully owned subsidiary of Jio Platforms, houses the group’s telecom services business, offering voice and data services to more than 479 million consumers in the …

Jio to Focus on High-Speed Fixed Wireless Access Market in India and Beyond
2 months, 3 weeks ago

Jio to Focus on High-Speed Fixed Wireless Access Market in India and Beyond

Live Mint  

Jio aims to export its high-speed fixed wireless access (FWA) internet as a managed service rather than entering overseas markets directly. The company has already deployed nearly 1 million 5G sites across the country and is looking to expand its FWA service to other countries. The company has set an ambitious target of adding 1 million FWA users every month, …

Jio Financial Services Shares Climb 7% Following Home Loan Offering
4 months, 2 weeks ago

Jio Financial Services Shares Climb 7% Following Home Loan Offering

ABP News  

Shares of Jio Financial Services Ltd witnessed a significant surge on Monday, closing with a 7.12 per cent increase at Rs 344.65. In corporate developments, Jio Financial Services Ltd announced that it is in the advanced stages of launching home loans, currently rolled out in Beta mode. This announcement was made by the company's Managing Director and CEO, Hitesh Sethia, …

Reliance AGM: 5 top expectations to watch out for, where to watch
4 months, 2 weeks ago

Reliance AGM: 5 top expectations to watch out for, where to watch

India Today  

Reliance Industries Limited is set to hold its 47th Annual General Meeting on Thursday with all eyes on it as details about a lot of crucial plans are expected to be shared today. The virtual meeting will begin at 2:00 PM and Mukesh Ambani, the Chairman of RIL, will address shareholders and provide updates on several important aspects of the …

Reliance Jio IPO: Listins likely by 2025 at $112 billion valuation, says Jefferies
6 months ago

Reliance Jio IPO: Listins likely by 2025 at $112 billion valuation, says Jefferies

Hindustan Times  

Reliance Jio- the telecom unit of Reliance Industries Ltd- could be headed for a major initial public offering in 2025. Jio 'could list at $112 billion valuation' and add '7-15 percent upside' to the Reliance Industries share price, the brokerage said. Mobile sim card packets for Jio Platforms Ltd., a unit of Reliance Industries Ltd., in Mumbai, India. "Jio leading …

Reliance Jio becomes top telecom service provider of India, followed by Airtel and Vi
8 months, 1 week ago

Reliance Jio becomes top telecom service provider of India, followed by Airtel and Vi

India TV News  

Telecom Regulatory Authority of India has released the user data of telecom companies for March 2024 which revealed that Jio has taken a big leap once again in terms of users in the country. As per the report which surfaced in March 2024, TRAI has reportedly released the list of customers joining Jio, Vi, Airtel and BSNL- leaving the companies. …

Jio Financial Services hits ₹2 lakh crore market cap, a 1st: What's happening
10 months, 3 weeks ago

Jio Financial Services hits ₹2 lakh crore market cap, a 1st: What's happening

Hindustan Times  

Jio Financial Services share: In a first, Jio Financial Services Ltd's market capitalisation exceeded ₹2 lakh crore driven by a 35 per cent surge in its share price this year while Reliance Industries hit a record high today. Reliance Industries is leading the list with a market cap of ₹20.05 lakh crore, followed by Tata Consultancy Services ₹14.78 lakh crore …

Mukesh Ambani to acquire Paytm wallet? Jio Financial shares soar after report
11 months, 1 week ago

Mukesh Ambani to acquire Paytm wallet? Jio Financial shares soar after report

Hindustan Times  

Jio Financial Services shares rallied up to 14% to day's high at ₹288.75 on BSE after a newspaper report claimed that One 97 Communications -- Paytm's parent company -- is in talks with the Mukesh Ambani-owned NBFC and private sector lender HDFC Bank to sell its wallet business. The Hindu Business Line reported that HDFC Bank and Jio Financial are …

Reliance Jio Q3 net profit surges 12.2 per cent to Rs 5,208 crore, revenue rises 10.3 per cent to Rs 25,368
11 months, 4 weeks ago

Reliance Jio Q3 net profit surges 12.2 per cent to Rs 5,208 crore, revenue rises 10.3 per cent to Rs 25,368

India TV News  

India's largest telecom operator, Reliance Jio, reported a 12.2 per cent increase in its net profit for the December quarter, reaching Rs 5,208 crore. Jio's revenue from operations also showed positive growth, rising by 10.3 per cent to Rs 25,368 crore in the third quarter, compared to Rs 22,998 crore in the year-ago period. The company's earnings before interest, taxes, …

Jio Financial plunges nearly 6 per cent as Q3 net profit declines 56 per cent QoQ to Rs 293.82 crore
1 year ago

Jio Financial plunges nearly 6 per cent as Q3 net profit declines 56 per cent QoQ to Rs 293.82 crore

India TV News  

Jio Financial Services shares fell as much as 5.68 per cent in early trade on Tuesday after the company reported a 56 per cent decline in quarter-on-quarter net profits, falling from Rs 668.18 crore in Q2 FY24 to Rs 293.82 crore in the reviewed period. The quarterly revenue of the Reliance Industries-backed company also dropped by 32 per cent, decreasing …

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%
1 year ago

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%

Live Mint  

Mukesh Ambani is once again a centibillionaire. The richest person in India — and in Asia — saw his wealth climb $2.8 billion to $101.8 billion Thursday, as shares of his flagship, Reliance Industries Ltd., rose 2.6% to close at a record high. The listing last year of Reliance’s financial services unit, Jio Financial Services Ltd., helped to broaden the …

Reliance Q2 Results Highlights: Net profit rises 27% to ₹17,394 crore on higher EBITDA, strong retail biz
1 year, 2 months ago

Reliance Q2 Results Highlights: Net profit rises 27% to ₹17,394 crore on higher EBITDA, strong retail biz

Live Mint  

Reliance Industries Q2 Results Highlights: Billionaire Mukesh Ambani-led Reliance Industries announced its July-September quarter results for fiscal 2023-24, reporting a rise of 27 per cent in consolidated net profit at ₹17,394 crore, compared to ₹13,656 crore in the corresponding period last year. Reliance Industries Q2 Earnings Live: RIL's media biz Revenue from operations for the segment grew 20.4 per cent …

Reliance Jio seeks up to $2 billion loan to fund 5G plan: report
1 year, 4 months ago

Reliance Jio seeks up to $2 billion loan to fund 5G plan: report

The Hindu  

Jio Infocomm, the telecom wing of Reliance Industries, is in talks to raise up to $2 billion in offshore loans, with BNP Paribas acting as lead arranger, to fund the purchase of 5G network gear from Ericsson, the Economic Times reported on Monday. Swedish telecommunications firm Ericsson, in October last year said that its 5G Radio Access Network products and …

In charts: Jio Financial Services’ promise of the future
1 year, 4 months ago

In charts: Jio Financial Services’ promise of the future

Live Mint  

The Mukesh Ambani-led Reliance Group likes to do everything big, from announcement to business scale. Reliance Industries first announced the demerger of Jio Financial Services from itself in late-2022. Ultimately, six other Reliance subsidiaries were housed in a company, Reliance Strategic Investments, which was renamed to Jio Financial Services. Its valuations will be driven by its investments in Reliance entities …

Jio Finance shares locked at 5% upper circuit; here’s why
1 year, 4 months ago

Jio Finance shares locked at 5% upper circuit; here’s why

Live Mint  

Jio Financial Services share price extended gains for the second consecutive session on Wednesday. According to ET Now report, promoter entity Jamnagar Utilities and Power, a step-down unit of Reliance Industries, likely bought about 5 crore Jio Financial Services shares at ₹208-211 apiece. Meanwhile, Motilal Oswal Mutual Fund had acquired 3.72 crore shares, or 0.6% stake, of Jio Financial Services …

RJio spin-off or IPO expected within five years: Jefferies
1 year, 4 months ago

RJio spin-off or IPO expected within five years: Jefferies

Live Mint  

New Delhi: Brokerage house Jefferies expects Reliance Jio to be spun off or listed within the next four to five years, on the lines of Reliance Retail, even as the group creates a new energy business and repositions the telecom subsidiary as a technology company. Chairman will create the new energy business, and we expect him to likely spin off/IPO …

Jio Financial Services shares gain over 3% on block deal buzz
1 year, 4 months ago

Jio Financial Services shares gain over 3% on block deal buzz

Live Mint  

Jio Financial Services share price gained over 3% on Tuesday amid reports of a block deal in the stock. On Monday, Reliance Industries Chairman Mukesh Ambani announced that Jio Financial Services will enter the insurance segment to offer life, general and health insurance products. “Jio Financial Services will enter the insurance segment to offer simple, yet smart, Life, General, and …

Reliance AGM 2023: From financial performance to AI revolution, read full speech
1 year, 4 months ago

Reliance AGM 2023: From financial performance to AI revolution, read full speech

Live Mint  

Reliance AGM 2023: Reliance Industries Limited Chairman Mukesh Ambani on Monday addressed the 46th Annual General Meeting of the company. The inaugural Jio True5G Lab will be located at the Reliance Corporate Park, acting as the nerve centre for shaping India’s 5G future. That’s why I am so proud of our forthcoming joint venture in India with Jio Financial Services, …

Ambani Scions Made Reliance Board Members
1 year, 4 months ago

Ambani Scions Made Reliance Board Members

Deccan Chronicle  

The Reliance Industries Limited held its 46th Annual General Meeting for its shareholders on Monday. Changes in Reliance Board Nita Ambani stepped down from the Board of Directors of Reliance Industries Limited, making way for children Isha, Akash and Anant to become the non-executive directors on the RIL Board. Key Takeaways Jio Financial Services was mini bonus for long-term RIL …

RIL trades flat ahead of 46th AGM at 2 pm today; Jio Financial surges 5%
1 year, 4 months ago

RIL trades flat ahead of 46th AGM at 2 pm today; Jio Financial surges 5%

Business Standard  

Shares of Reliance Industries Limited were flat at Rs 2,483 apiece on the BSE in Monday's intra-day trade ahead of 46th annual general meeting. As of 10:55 am, shares of JFSL were up 4.7 per cent to Rs 222 apiece on the BSE, while the stock clinched itself as top Nifty50 performer, up 3.7 per cent on the NSE. In …

Motilal Oswal MF acquires 0.6% stake of Jio Financial Services for ₹754 crore
1 year, 4 months ago

Motilal Oswal MF acquires 0.6% stake of Jio Financial Services for ₹754 crore

Live Mint  

Motilal Oswal Mutual Fund acquired 3.72 crore of Jio Financial Services Ltd shares, which is the demerged non-banking financial services unit of the Mukesh Ambani's Reliance group, for ₹754 crore via open market transaction. According to the NSE's bulk deal data, Motilal Oswal Mutual Fund purchased 3,72,00,000 shares, or 0.6% of Jio Financial Services. Jio Financial Services shares exclusion from …

Why Jio Financial Services shares are hitting lower circuit everyday - Explained
1 year, 4 months ago

Why Jio Financial Services shares are hitting lower circuit everyday - Explained

Live Mint  

Jio Financial Services share price has been hitting lower circuits of 5% everyday since its listing on the stock exchanges on Monday, August 21. Today again, Jio Financial Services shares were locked at 5% lower circuit at ₹213.45 apiece on the BSE with a market capitalization of ₹1.35 lakh crore. Jio Financial Services Ltd, was demerged from Reliance Industries and …

RIL shares volatile as all eyes on 46th AGM; experts positive on the stock
1 year, 4 months ago

RIL shares volatile as all eyes on 46th AGM; experts positive on the stock

Live Mint  

A day after suffering a loss of 1.50 per cent, shares of Reliance Industries traded volatile in the morning trade on BSE on Tuesday, August 22 as investors fix their eyes on the company's 46th Annual General Meeting on Monday, August 28 at 2:00 pm. Jio Financial Services Limited, formerly known as Reliance Strategic Investments Limited, the demerged financial arm …

Day after trade debut, Jio Financial Services shares in red again; slide 5%
1 year, 4 months ago

Day after trade debut, Jio Financial Services shares in red again; slide 5%

Hindustan Times  

Shares in India's Jio Financial Services, part of Reliance Industries, fell a maximum of 5% for a second straight day on Tuesday as passive funds continued selling ahead of the stock exiting the benchmark indexes. Mr. K V Kamath, Mr. Subhash S Mundra at the Listing Ceremony of Jio Financial Services Limited on the Bombay Stock Exchange on Monday. Billionaire …

Jio Financial Services lists on bourses today: What happens next?
1 year, 4 months ago

Jio Financial Services lists on bourses today: What happens next?

Live Mint  

Jio Financial Services Limited - formerly known as Reliance Strategic Investments Limited, the demerged financial arm of Reliance Industries, made its stock market debut on August 21. Jio Financial Services' share price will be in the "Trade-for-Trade" segment for 10 trading days. Jio Financial Services share price ended at 5 per cent lower circuit after making a lacklustre debut on …

Jio Financial Services Listing Highlights: JFSL shares close at 5% lower circuit at ₹251.75 apiece on listing day
1 year, 4 months ago

Jio Financial Services Listing Highlights: JFSL shares close at 5% lower circuit at ₹251.75 apiece on listing day

Live Mint  

Jio Financial Services Listing Highlights: Jio Financial Services Ltd shares made a lacklustre debut on the stock exchanges on Monday. Jio Financial Services Listing LIVE Updates: Reliance shares fall 1.5% after JFSL listing Reliance Industries share price declined over a percent after the Jio Financial Services share listing on Monday. Jio Financial Services Listing LIVE Updates: No intraday trading allowed …

Jio Financial Services hits 5% lower circuit after listing. Here's why
1 year, 4 months ago

Jio Financial Services hits 5% lower circuit after listing. Here's why

India Today  

Shares of Jio Financial Services, the demerged financial arm of Reliance Industries Limited, hit a 5 per cent lower circuit on the stock exchanges. Jio Financial Services, the demerged financial arm of Reliance Industries, made its stock market debut at Rs 262 per share on the National Stock Exchange and Rs 265 on the Bombay Stock Exchange. However, shares of …

Jio to make nearly $1 billion payment for 5G spectrum instalment: Report
1 year, 5 months ago

Jio to make nearly $1 billion payment for 5G spectrum instalment: Report

India TV News  

Reliance Jio is reportedly gearing up to make a payment of around Rs 7,864 crore to the Department of Telecommunications. The forthcoming payment is part of Jio's commitment to this spectrum acquisition, as it aims to achieve nationwide 5G coverage in India by December 2023. In contrast, Bharti Airtel, another major player in the Indian telecom sector, had already made …

Reliance Jio gets $2.2 bn fund support from Swedish export credit agency to finance 5G rollout
1 year, 5 months ago

Reliance Jio gets $2.2 bn fund support from Swedish export credit agency to finance 5G rollout

India TV News  

The country's largest telecom player Reliance Jio has received a USD 2.2 billion fund support from the Swedish export credit agency to finance equipment for the 5G rollout, according to Reliance Industries' annual report. "RJIL tied up its first-ever Swedish Export Credit Agency supported facilities of USD 2.2 billion equivalent making it the largest cover ever provided by EKN for …

Reliance Jio witnesses a remarkable growth with 90 lakh net subscriber additions in Q1 2023
1 year, 5 months ago

Reliance Jio witnesses a remarkable growth with 90 lakh net subscriber additions in Q1 2023

India TV News  

Jio Platforms has recorded a significant 12.5% year-over-year increase in net profit and reached up to Rs. During the reported quarter, Jio Platforms witnessed a net addition of over 90 lakh subscribers, with total data traffic soaring over 28% YoY to 33.2 billion gigabytes. Jio Platforms, which includes telecom arm Reliance Jio Infocomm and various startups, has seen significant progress …

Reliance Jio Q1 Result: Telco's Net Profit Jumps 12 Per Cent To Rs 4,863 Crore
1 year, 5 months ago

Reliance Jio Q1 Result: Telco's Net Profit Jumps 12 Per Cent To Rs 4,863 Crore

ABP News  

Mukesh Ambani-led Reliance Industries' telecom arm Reliance Jio on Friday posted over 12 per cent rise in net profit to Rs 4,863 crore in the June 2023 quarter, the company said in a regulatory filing. Jio's revenue from operations increased by 9.9 per cent to Rs 24,042 crore during the reported quarter from Rs 21,873 crore in the June 2022 …

Jio Financial Services to become the second largest shadow lender by market cap
1 year, 5 months ago

Jio Financial Services to become the second largest shadow lender by market cap

Live Mint  

Jio Financial Services, the financial arm of Reliance Industries Ltd, has unsettled shadow lenders space in the country by claiming the second spot. Post demerging with RIL on Thursday, Jio Financial Services boasts off an implied market capitalisation of ₹1.6 lakh crore, that's way behind Bajaj Finance m-cap of ₹4.59 lakh crore, but significantly higher to its contemporaries in the …

Here is what shareholders need to know about RIL-Jio Financial demerger
1 year, 5 months ago

Here is what shareholders need to know about RIL-Jio Financial demerger

Live Mint  

Reliance Industries - Jio Financial Services Demerger: Reliance Industries Ltd. share price gained over a percent after the demerger of its NBFC unit Jio Financial Services Ltd, which was valued at ₹261.85 per share, much higher than analysts estimates. Jio Financial Services share price has been derived at ₹261.85 apiece on the NSE after the special pre-open call auction session …

Reliance-Jio Financial demerger defies all bets, JFSL valued at ₹261.85/share
1 year, 5 months ago

Reliance-Jio Financial demerger defies all bets, JFSL valued at ₹261.85/share

Hindustan Times  

The Mukesh Ambani-led Reliance Industries Limited on Thursday demerged its financial section Jio Financial Services Limited at a 1:1 ratio. After the special pre-opening session by the National Stock Exchange, RIL was valued at ₹2,580 and JFSL at ₹261.85 per share, much higher than what analysts predicted. Reliance Industries Limited logo On the Bombay Stick Exchange, which also conducted a …

Jio Financial Services Valued At $20 Billion, Above Estimates
1 year, 5 months ago

Jio Financial Services Valued At $20 Billion, Above Estimates

ABP News  

Jio Financial Services has been valued at around $20 billion after its stock price was set at a much higher-than-expected Rs 261.85 in its demerger from Mukesh Ambani-led Reliance Industries. According to Reuters, the demerger, which was announced last October, is seen as oil-to-retail conglomerate Reliance's way of expanding in the lucrative financial services sector, especially as it already has …

RIL-Jio Financial demerger could give tough competition to existing NBFC players
1 year, 5 months ago

RIL-Jio Financial demerger could give tough competition to existing NBFC players

Live Mint  

The demerger of Jio Financial Services from diversified conglomerate Reliance Industries will create a non-banking financial behemoth with a size of approximately ₹1.5 lakh crore which could pose a tough challenge to existing non-banking financial companies, according to experts. "Keeping in mind the track record of Reliance Industries of disrupting the businesses it has entered in the past, we believe …

Reliance-JFSL demerger: What is the demerged Jio Financial Services — explained
1 year, 5 months ago

Reliance-JFSL demerger: What is the demerged Jio Financial Services — explained

Live Mint  

Reliance-JFSL demerger: After demerger of Jio Financial Services Ltd from its core Reliance Industries Ltd, Jio Financial Services share price is expected to list on NSE at ₹273 per share. Jio Financial Services after demerger On companies coming under the umbrella of Jio Financial Services Ltd after demerger from Reliance Industries Ltd, Rajesh Sinha, Senior Research Analyst at Bonanza Portfolio …

Here’s all you need to know about Reliance- Jio financial services demerger
1 year, 5 months ago

Here’s all you need to know about Reliance- Jio financial services demerger

Live Mint  

Jio Financial Services, the financial arm of Reliance Industries, India's largest company in terms of market value, completed its demerger from its parent company at a price of Rs 261.85 per share as against the street expectations between 160-190 per share. Shares of Reliance Industries opened at Rs 2,580 apiece, ex-Jio Financial Services on Thursday trade as against the previous …

Reliance demerger: Jio Financial Services valued at ₹261.85
1 year, 5 months ago

Reliance demerger: Jio Financial Services valued at ₹261.85

Live Mint  

New Delhi: Jio Financial Services was valued at ₹261.85 per share on the National Stock Exchange at the end of a special pre-open call auction session conducted in the capital market segment for price discovery on Thursday. Analysts at JP Morgan had said that the implied value for Jio Financial Services currently stood at ₹189 per share and is based …

Reliance demerger: Jio Financial Services valued at ₹261.85
1 year, 5 months ago

Reliance demerger: Jio Financial Services valued at ₹261.85

Live Mint  

New Delhi: Jio Financial Services was valued at ₹261.85 per share on the National Stock Exchange at the end of a special pre-open call auction session conducted in the capital market segment for price discovery on Thursday. Analysts at JP Morgan had said that the implied value for Jio Financial Services currently stood at ₹189 per share and is based …

RIL share price opens at ₹2,580 after Jio Financial demerger
1 year, 5 months ago

RIL share price opens at ₹2,580 after Jio Financial demerger

Live Mint  

Reliance Industries - JIO financial Services Demerger: Reliance Industries share price opened at ₹2,580 per share ex-Jio Financial Services after the special pre-open call auction session on the stock exchanges Thursday. Meanwhile, the Jio Financial Services share price was valued at ₹261.85 per share after the pre-opening session. Analysts at JP Morgan had said that the implied value for Jio …

Reliance-JFSL demerger: Jio Financial Services shares to list at ₹273 on NSE
1 year, 5 months ago

Reliance-JFSL demerger: Jio Financial Services shares to list at ₹273 on NSE

Live Mint  

Reliance-JFSL demerger: The Jio Financial Services share price would list on the National Stock Exchange at ₹273 per share. This calculation came after Reliance share price settling on NSE at ₹2,580 per share in special pre-open session on Thursday as the RIL stock had ended at ₹2,853 apiece on NSE. Speaking on Jio Financial Services share price listing after cost …

Reliance Jio aims for 2G-to-4G market with JioBharat V2 phone
1 year, 6 months ago

Reliance Jio aims for 2G-to-4G market with JioBharat V2 phone

Live Mint  

Reliance Jio will begin selling Jio Bharat V2 4G phone which will be internet-enabled, at ₹999, from 7 July targeting India’s 250 million feature phone users that use data-devoid 2G devices. The carrier said Monday that the phone will be available across all offline channels including Jio and Reliance Retail stores. "There are still 250 million mobile phone users in …

Reliance Jio unveils under ₹1,000 Jio Bharat internet-enabled phones
1 year, 6 months ago

Reliance Jio unveils under ₹1,000 Jio Bharat internet-enabled phones

The Hindu  

Reliance Jio Infocomm Ltd. has introduced Jio Bharat internet-enabled phones at ₹999. Beta trial for the first 1 million Jio Bharat phones will begin on 7 July 2023 and will be carried out across 6,500 tehsils, the company said. “There are still 250 million mobile phone users in India who remain ‘trapped’ in the 2G era, unable to tap into …

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