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 space. However, experts believe Jio Financial Services high share price is a reflection of the market’s assessment of the company's potential. Coining similar views, Pankaj Pandey, Head – Research, ICICI Direct said that against an implied value of ₹133 per share of Jio Financial Services, the market had valued the entity at ₹250-260 per share due to its strong networth of around ₹1 lakh crore which was seen enabling faster growth in an already competitive financial marketplace,.

Market Financial Services Jio Share Crore Value Cap Jio Financial Services Ril Jfs Jio Financial Jfsl Jio Financials Jio Fin  market  share  value  valued  second  shadow  financial  largest  lender  services  jio  cap  crore  reliance  shares

History of this topic

Explained: Why Jio Financial Services share price surged over 6% today
1 month, 1 week 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
1 month, 2 weeks 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 Financial Services Shares Climb 7% Following Home Loan Offering
3 months, 3 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 Jio IPO: Listins likely by 2025 at $112 billion valuation, says Jefferies
5 months, 2 weeks 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 …

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

Bajaj Finance to de-rate, says UBS; assumes coverage with ‘Sell’
11 months, 1 week ago

Bajaj Finance to de-rate, says UBS; assumes coverage with ‘Sell’

Live Mint  

Bajaj Finance is expected to see an earnings downgrade and a de-rating in its multiples going ahead, analysts said. The market is likely overestimating Bajaj Finance’s ability to keep growing AUM at its historical pace while maintaining ROA despite increased competition and its large size, according to analysts at UBS. UBS believes Jio Financial Services may disrupt Bajaj Finance’s core …

Jio Financial plunges nearly 6 per cent as Q3 net profit declines 56 per cent QoQ to Rs 293.82 crore
11 months, 1 week 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 …

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

Q2 Results impact: Jio Financial share price gains 3% as profit doubles in September quarter
1 year, 2 months ago

Q2 Results impact: Jio Financial share price gains 3% as profit doubles in September quarter

Live Mint  

Shares of Jio Financial Services rose over 3 percent to ₹232 on BSE on Tuesday after the company's profit doubled in the quarter ended September 2023 in its first results report after being carved out from Mukesh Ambani-led Reliance Industries. Its consolidated net profit surged 101.3 percent to ₹668.18 crore in the quarter under review versus ₹331.92 crore in the …

Stocks to Watch: HDFC Bank, Jio Financial, Grasim, SpiceJet, ICICI Securities
1 year, 2 months ago

Stocks to Watch: HDFC Bank, Jio Financial, Grasim, SpiceJet, ICICI Securities

Live Mint  

Here are the top stocks that could be in focus in today's trade: HDFC Bank: HDFC Bank Ltd on Monday reported a 51% jump in profit in the September quarter, beating analysts’ estimates, on higher other income and lower provisions. The bank saw net profit rise to ₹15,976 crore in the quarter that ended 30 September from ₹10,605 crore in …

In charts: Jio Financial Services’ promise of the future
1 year, 3 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, 3 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, 3 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, 3 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 share price volatile ahead of 46th AGM
1 year, 3 months ago

Reliance share price volatile ahead of 46th AGM

Live Mint  

Reliance Industries share price opened nominally higher but traded volatile in early deals on Monday ahead of the company's 46th Annual General Meeting. Prashanth Tapse, Senior VP of Research at Mehta Equities underscored that all eyes would be on RIL AGM and its announcement focusing on Jio Financial's future outlook post-demerger and other high hopes on Future Retail IPO, Reliance …

Motilal Oswal MF acquires 0.6% stake of Jio Financial Services for ₹754 crore
1 year, 3 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 …

LIC acquires 6.66% shareholding in Jio Financial Services through demerger
1 year, 4 months ago

LIC acquires 6.66% shareholding in Jio Financial Services through demerger

Live Mint  

Life Insurance Corporation of India, the state-run insurance behemoth, on Tuesday announced that it has acquired 6.66% shareholding in Jio Financial Services Ltd.. In an exchange filing, LIC said that the cost of acquisition of JFSL shares, which was done through the demerger of the non-banking financial entity, is 4.68% of the pre-demerged cost of Reliance Industries as per the …

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 Ltd share listing date today. What GMP, experts signal
1 year, 4 months ago

Jio Financial Services Ltd share listing date today. What GMP, experts signal

Live Mint  

Jio Financial Services Ltd share listing date has been fixed on 21st August 2023 i.e. Meanwhile, on JFSL listing date, grey market has started dropping hint about the kind of opening Jio Financial Services share price may have. In case of weak opening, we may see the much awaited Jio Financial Services opening around ₹300 apiece levels whereas in case …

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 …

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 …

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 …

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 …

RIL share price hits new 52-week high ahead of Jio Financial Services demerger
1 year, 5 months ago

RIL share price hits new 52-week high ahead of Jio Financial Services demerger

Live Mint  

Reliance Industries shares witnessed minor gains on Wednesday early trade ahead of demerger of Jio Financial Services. The planned demerger of Jio Financial Services had been approved by the National Company Law Tribunal, RIL reported in a BSE filing on July 8th. Last September, RIL stated that its financial services division would be demerged and listed separately on the stock …

Jio Financial Services to be included in these Nifty indices from July 20
1 year, 5 months ago

Jio Financial Services to be included in these Nifty indices from July 20

Live Mint  

Jio Financial Services will begin trading as part of the NSE Nifty 50 on July 20. Reliance Industries has demerged its financial services arm - Reliance Strategic Investments, which is being renamed and listed as Jio Financial Services. "NSE has announced special pre-open session to be conducted for Reliance Industries Limited in Capital Market segment on July 20, 2023 on …

Jio Financial Services: Expected share price, record date, other details
1 year, 5 months ago

Jio Financial Services: Expected share price, record date, other details

Live Mint  

Jio Financial Services demerger: The primary and secondary market is ful of buzz about the Jio Financial Services IPO as Reliance Industries Ltd is all set for demerger after receiving the nod from National Company Law Tribunal. This has sparked speculations about the launch of Jio Financial Services IPO, its share price in grey market and expected demerger record date. …

Reliance share price may see 35% upside: Jefferies
1 year, 6 months ago

Reliance share price may see 35% upside: Jefferies

Live Mint  

Reliance Industries share price gained on Wednesday after Jefferies maintained a Buy rating on the stock as it sees faster revenue growth in the retail segment and accelerated broadband traction in Jio. However, in its upside scenario, Jefferies expects the stock to reach ₹3,450, assuming recovery in GRMs and petchem margins ahead of its estimates and faster consolidation in telecom, …

Reliance Industries share price may see over 20% upside, say brokerages
1 year, 7 months ago

Reliance Industries share price may see over 20% upside, say brokerages

Live Mint  

Reliance Industries share price can witness a sharp upside of 25% led by recovery in petchem business amid a sustainable competitive advantage on scale economics, cost leadership, financial strength, global brokerages said. It believes listing of Jio Financial Services and more updates on the retail business in this year’s annual general meeting can help narrow RIL’s relative underperformance to Nifty. …

Reliance, Jio raise $5bn in largest syndicated loan in India
1 year, 8 months ago

Reliance, Jio raise $5bn in largest syndicated loan in India

Deccan Chronicle  

New Delhi: Reliance Industries Ltd and its telecom arm Jio Infocomm have raised a total of USD 5 billion in back-to-back foreign currency loans, the largest syndicated loan in India's corporate history, sources said. Reliance last week raised USD 3 billion from 55 banks and Reliance Jio Infocomm secured additional credit of USD 2 billion from 18 banks, sources aware …

Reliance To Demerge Fin Services Arm Jio Financial Services, List It On Stock Exchanges
2 years, 2 months ago

Reliance To Demerge Fin Services Arm Jio Financial Services, List It On Stock Exchanges

ABP News  

Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday said it will demerge its financial services arm and list it on the stock exchanges. In a statement, the firm said Reliance shareholders will be issued one equity share of Jio Financial Services Ltd for every share they hold in the company. "The Board of Directors of Reliance Industries Ltd, at its …

Reliance to demerge financial services arm Jio Financial Services; list it on stock exchanges
2 years, 2 months ago

Reliance to demerge financial services arm Jio Financial Services; list it on stock exchanges

India TV News  

Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday said it will demerge its financial services arm and list it on the stock exchanges. In a statement, the firm said Reliance shareholders will be issued one equity share of Jio Financial Services Ltd for every share they hold in the company. "The Board of Directors of Reliance Industries Ltd, at its …

Reliance Jio Q1 results: Net profit jumps nearly 24% to ₹4,335 crore
2 years, 5 months ago

Reliance Jio Q1 results: Net profit jumps nearly 24% to ₹4,335 crore

Live Mint  

Telecom giant, Reliance Jio registered a net profit of ₹4,335 crore in the quarter ending June 30, 2022 compared to a PAT of ₹3,501 crore in the same quarter last year - recording a growth of 23.82%. As of June 30, 2022, the company's net worth is around ₹2,02,132 crore compared to ₹1,86,475 crore as of June 2021. During the …

Reliance Jio adds 31 lakh new mobile users in May, says TRAI data
2 years, 5 months ago

Reliance Jio adds 31 lakh new mobile users in May, says TRAI data

Live Mint  

Private telecom operator firm Reliance Jio has cemented its lead in the Indian telecom market as it gained over 31 lakh mobile subscribers in May, says the sector regulator on 19 July. According to monthly subscriber data by Telecom Regulatory Authority of India, Reliance Jio gained 31.11 lakh wireless subscribers, taking its mobile customer count to 40.87 crore. Earlier on …

Reliance share price: India's most valuable company gains big
2 years, 5 months ago

Reliance share price: India's most valuable company gains big

India Today  

Reliance Industries share price on Thursday jumped 1.4 per cent as India's most valuable company provided the biggest boost to the blue-chip indexes. The jump in Reliance's share price came after billionaire Mukesh Ambani decided to step down from the telecoms arm of Reliance Industries, handing the reins to his son Akash and setting the stage for a leadership transition …

What is holding up Jio Payments Bank launch?
3 years ago

What is holding up Jio Payments Bank launch?

Live Mint  

Nearly four years after it was formed, Jio Payments Bank, the 70:30 joint venture between Reliance Industries Ltd and State Bank of India, could see its formal launch delayed further as the company is still working on its business model, two officials aware of the development said. There is a business plan in place, but it needs more tweaking," said …

Jio, Airtel add mobile subscribers in July, VIL loses 14.3 lakh users: Trai data
3 years, 3 months ago

Jio, Airtel add mobile subscribers in July, VIL loses 14.3 lakh users: Trai data

Firstpost  

Reliance Jio gained 65.1 lakh subscribers in July cementing its market lead, while Bharti Airtel added 19.42 lakh customers during the month. New Delhi: India’s largest telecom operator Reliance Jio added mobile subscribers at a scorching pace in July, outpacing rivals, and Airtel also spruced up its user tally, even as Vodafone Idea lost 14.3 lakh customers, according to data …

Jio's Q4 net profit grows 48% to Rs 3,508 crore
3 years, 7 months ago

Jio's Q4 net profit grows 48% to Rs 3,508 crore

India TV News  

Jio Platforms on Friday reported 47.5 per cent growth in its consolidated net profit for the January-March quarter at Rs 3,508 crore. Jio's consolidated revenue from operations rose 18.9 per cent on a year-on-year basis to Rs 18,278 crore during the fourth quarter of FY21. The total data traffic during the quarter increased 26.7 per cent YoY to 1,668 crore …

Reliance Jio to aggressively gain MSME subscribers
3 years, 9 months ago

Reliance Jio to aggressively gain MSME subscribers

India TV News  

As per a report by BofA Securities, Jio is looking to replicate mobile traction on MSME front. "By offering a bundled connectivity plan at 1/10th the existing price in the market, Jio is looking to expand the addressable market," it added. RIL's subsidiary Jio introduced an integrated offering for micro, SMBs providing enterprise grade fiber connectivity, digital and devices that …

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