Reliance Jio net profit jumps 65% to Rs 831 cr in December quarter, operating revenue up 51%
5 years, 11 months ago

Reliance Jio net profit jumps 65% to Rs 831 cr in December quarter, operating revenue up 51%

Firstpost  

Telecom operator Reliance Jio on Thursday reported a jump of 65 percent in its net profit to Rs 831 crore during the December 2018 quarter, mainly on account of a rise in customer base New Delhi: Telecom operator Reliance Jio on Thursday reported a jump of 65 percent in its net profit to Rs 831 crore during the December 2018 quarter, mainly on account of a rise in customer base. While average revenue per user of Reliance Jio continued to decline, the impact seems to have mitigated with a sharp increase in customer base to 28 crore by the end of December, from 16 crore in the year-ago period. The operating revenue of Reliance Jio increased by 50.9 percent to Rs 10,383 crore during the October-December 2018 period, compared with the Rs 6,879 crore it registered in the corresponding period a year ago. To keep watching the Leader in Global Market & Business News – CNBC-TV18 Prime HD, call your Cable or DTH Operator and ask for the Colors Family HD Pack, available for Rs.

Jio Crore Net Reliance Reliance Jio Customer Base Rs 831 Cr  net  jumps  family  customer  revenue  operating  jio  crore  operator  period  rs  quarter  profit  cr  reliance

History of this topic

Jio is offering free YouTube Premium for two years with select plans
Trending News
3 days ago

Jio is offering free YouTube Premium for two years with select plans

The Hindu  

Reliance Jio has partnered with YouTube to offer the platform’s Premium subscription for two years with their JioFiber and AirFiber postpaid users on select plans as a one-time offer. The YouTube Premium subscription is worth ₹149 per month or ₹3576 in total. With YouTube Premium, users get an ad-free experience, download videos to watch them offline and continue to watch …

Jio announces free YouTube Premium for 2 years with JioFiber and AirFiber plans
3 days, 7 hours ago

Jio announces free YouTube Premium for 2 years with JioFiber and AirFiber plans

India Today  

Reliance Jio has launched a new offer for its broadband users, making YouTube Premium free for two years with select JioFiber and Jio AirFiber postpaid plans. With YouTube Premium, users can watch videos uninterrupted by ads, download content for offline viewing, and even play videos in the background while multitasking. You can avail of 24 months of free YouTube Premium …

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, …

Jio offers new year treat to crores of users, launches affordable plan with 200 days of validity
Trending News
1 month ago

Jio offers new year treat to crores of users, launches affordable plan with 200 days of validity

India TV News  

Jio has brought some exciting news for its millions of users! The largest telecom company in India has introduced a new Happy New Year Welcome Plan that offers fantastic benefits, including unlimited 5G data and unlimited calling. This plan comes with a long validity of 200 days, so users won’t have to worry about recharging their Jio number frequently. Jio …

Jio rolls out New Year Welcome Plan for prepaid users at ₹2,025: Check benefits, validity and more
1 month ago

Jio rolls out New Year Welcome Plan for prepaid users at ₹2,025: Check benefits, validity and more

Live Mint  

Telecom giant Reliance Jio has launched a special New Year Welcome plan for its prepaid customers, offering a range of benefits to kick-start 2025. The plan, priced at ₹2,025, is valid for 200 days and includes unlimited calls, substantial data allowances, and attractive partner coupons. Plan Details and Benefits The New Year Welcome plan provides customers with unlimited voice calling …

Jio makes internet affordable again, 3 plans offer 1.5GB daily data for under Rs 300
1 month ago

Jio makes internet affordable again, 3 plans offer 1.5GB daily data for under Rs 300

India TV News  

All telecom companies, including Jio, have raised their prices since July, leading to some financial struggles for these companies and a noticeable drop in their user base. Here are three prepaid plans from Jio that cost less than Rs 300 and are designed to provide great value: Jio Rs 299 Plan This plan lasts for 28 days and allows users …

Reliance Jio breaks records in 5G, India leaps ahead of many nations
1 month, 1 week ago

Reliance Jio breaks records in 5G, India leaps ahead of many nations

India TV News  

Reliance Jio is now the largest telecom company in India, boasting the highest number of customers in the telecom industry. The report also indicates that around 78 percent of India's population now has access to mobile services, making it easier for people to connect. Currently, there are about 93 crore mobile internet users in India, and Reliance Jio leads the …

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 introduces budget-friendly plan with 50 days of uninterrupted internet, Rs 1000 savings
1 month, 3 weeks ago

Jio introduces budget-friendly plan with 50 days of uninterrupted internet, Rs 1000 savings

India TV News  

Jio is the biggest telecom company in India, serving over 450 million customers across the country. Previously, the installation fee was waived for longer-term plans of 3, 6, and 12 months, but now customers can enjoy free installation even with this shorter 50-day plan. Jio’s AirFibre service is available in many areas across the country, and they have the largest …

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, …

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 discontinues THESE entertainment plans after recent price revision: Details here
6 months, 1 week ago

Reliance Jio discontinues THESE entertainment plans after recent price revision: Details here

India TV News  

Reliance Jio recently revised its prepaid and postpaid recharge plans. Entertainment plans Jio Rs 3,662 Plan: This plan offered 365 days of validity with 2.5GB of data per day and included Sony LIV and ZEE5 subscriptions. Jio Rs 3,226 Plan: This plan offered 365 days of validity with 2GB of data per day and included Sony LIV subscription. Jio Rs …

Jio launches new plan with 98 days validity and 196GB data: Details
6 months, 1 week ago

Jio launches new plan with 98 days validity and 196GB data: Details

India TV News  

Reliance Jio, a telecom giant with more than 440 million active users in India, has recently adjusted the prices of many of its prepaid recharge plans. This plan offers users unlimited voice calling and a generous 2GB of daily data, totalling 196GB over the plan’s duration. Key Benefits Price: Rs 999 Validity: 98 days Data: 2GB daily Voice: Unlimited voice …

Reliance Jio, Airtel price hike: What changes for you as new rates take effect
6 months, 1 week ago

Reliance Jio, Airtel price hike: What changes for you as new rates take effect

Hindustan Times  

Reliance Jio and Airtel increased the prices of their data packs by over 25 per cent for a few plans. Owing to this, both prepaid and postpaid users will have to pay more as the new plans came into effect today t. The new price hike impacts millions of users of the two biggest telcos in India. Airtel's new tariffs: …

Jio revises its unlimited plans, now you will have to spend THIS much for recharge
6 months, 2 weeks ago

Jio revises its unlimited plans, now you will have to spend THIS much for recharge

India TV News  

Reliance Jio has recently made changes to its unlimited prepaid and postpaid plans, which will take effect from July 3, 2024. Reliance Jio revised plan details: Revised 28-day plans: Prices for the 28-day plans have been increased to Rs 189, 249, 299, 349, 399, and 449 from the previous Rs 155, 209, 239, 299, 349, and 399 respectively. Revised 84-day …

Reliance Jio Secures Regulatory Approval to Enter Satellite Internet Arena
7 months ago

Reliance Jio Secures Regulatory Approval to Enter Satellite Internet Arena

Deccan Chronicle  

Reliance Jio, the Indian telecommunications giant, has received the green light from the country's space regulator to foray into the satellite internet sector. Known for its disruptive strategies that have reshaped India's telecom landscape, Jio's foray into satellite internet further solidifies its position as a frontrunner in driving digital transformation in the country. While the regulatory approval represents a significant …

Stocks to Watch: Sun Pharma, Apollo Hospitals, Muthoot Finance, Jio Financial, Tube Investments
7 months, 2 weeks ago

Stocks to Watch: Sun Pharma, Apollo Hospitals, Muthoot Finance, Jio Financial, Tube Investments

Live Mint  

Here are the top ten stocks that are likely to be in news on Friday: Sun Pharmaceutical Industries: The pharmaceutical company has agreed to a preferential offer to acquire a 14.28% stake in the Indian Foundation for Quality Management for ₹12.5 crore. Apollo Hospitals Enterprises: The company reported a consolidated net profit of ₹253.8 crore for the quarter ended March, …

SBI topples Reliance Industries as most profitable company, logs in a record Rs 20,698 crore net in Q4
8 months, 1 week ago

SBI topples Reliance Industries as most profitable company, logs in a record Rs 20,698 crore net in Q4

New Indian Express  

MUMBAI: The nation’s largest lender State Bank of India has reported record quarterly and annual profit numbers with a 24 percent growth in the March quarter earnings at Rs 20,698 crore—the highest in the entire India Inc including that of the otherwise most-profitable Reliance Industries, while annual profit peaked at Rs 61,077 crore. At Rs 20,698 crore, SBI’s March quarter …

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. …

Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹69,621 crore
8 months, 3 weeks ago

Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹69,621 crore

Hindustan Times  

New Delhi, Reliance Industries Ltd on Monday reported an almost flat March quarter net profit, while its annual earnings hit a record high on the back of a recovery in its core oil and petrochemicals business and sustained momentum across the consumer-facing telecom and retail businesses. Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹ 69,621 crore …

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 …

Reliance Industries Q3 Results: Net Profit Jumps 9 Per Cent To Rs 17,265 Crore
11 months, 3 weeks ago

Reliance Industries Q3 Results: Net Profit Jumps 9 Per Cent To Rs 17,265 Crore

ABP News  

Reliance Industries Ltd on Friday clocked a 9 per cent rise in its December quarter net profit as a planned maintenance-induced weakness in oil business earnings was offset by stability in retail and telecom verticals. The company's net profit of Rs 17,265 crore, or Rs 25.52 per share, in October-December, the third quarter of the current 2023-24 fiscal, was 9.3 …

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, …

Reliance Jio announces new annual recharge plan for Rs 2999: Check out the benefits
1 year ago

Reliance Jio announces new annual recharge plan for Rs 2999: Check out the benefits

India Today  

In an exciting Republic Day announcement, Jio has introduced a limited-time annual prepaid recharge plan, available for Rs 2,999. The Republic Day offer also includes a flat Rs 500 Ajio discount coupon applicable to purchases exceeding Rs 2,499. Jio's annual recharge plans extend beyond this limited-time offer, featuring options priced at Rs 3,662, Rs 3,226, Rs 3,225, Rs 3,227, and …

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 …

Jio offers 44GB of data with free calling for just Rs 219 | Details
1 year ago

Jio offers 44GB of data with free calling for just Rs 219 | Details

India TV News  

Reliance Jio, one of the leading telecom players of India has been boasting a user base of over 44 crores. High internet usage For users engaged in data-intensive activities, Reliance Jio has introduced a noteworthy prepaid recharge plan priced at Rs 219. Rs 219 Prepaid Recharge Plan Unlimited Free Calling: Priced at Rs 219, this prepaid recharge plan offers a …

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 Jio plans 'Bharat GPT' AI model for India: Everything you need to know
1 year ago

Reliance Jio plans 'Bharat GPT' AI model for India: Everything you need to know

India TV News  

Reliance Jio, India's leading telecom provider, is teaming up with the Indian Institute of Technology-Bombay to create 'Bharat GPT,' a large-language model designed specifically for India. “At present, we have just scratched the surface with large language models and generative AI and the next decade will be defined by these applications,” Ambani said AI in the Next Decade Akash Ambani …

Jio launches Happy New Year 2024 plan at ₹2999: Details on validity, offers and all you need to know
1 year ago

Jio launches Happy New Year 2024 plan at ₹2999: Details on validity, offers and all you need to know

Live Mint  

Continuing its tradition of announcing an annual New Year plan, Reliance Jio has launched the Happy New Year 2024 prepaid plan at a price of ₹2,999 and with an additional validity of 24 days. The details page of the Jio New Year 2024 plan states that the new benefits will be available from 20 December 2023, but does not specifically …

Reliance Jio unveils JioSpaceFiber: India's first satellite-based gigabit broadband service for nationwide access
1 year, 2 months ago

Reliance Jio unveils JioSpaceFiber: India's first satellite-based gigabit broadband service for nationwide access

Live Mint  

New Delhi: Reliance Jio Infocomm Ltd, India's top carrier, announced on Friday the rollout of its JioSpaceFiber satellite broadband service, which it showcased at the India Mobile Congress as the nation's inaugural satellite-driven giga fiber service. The tie-up provides Jio access to SES's O3b and O3b mPOWER satellites, positioning the company uniquely in offering reliable and scalable broadband at competitive …

Reliance Industries shares gain ahead of Q2 results
1 year, 2 months ago

Reliance Industries shares gain ahead of Q2 results

Live Mint  

Reliance Industries share price traded over 2% higher on Friday ahead of the announcement of financial results for the quarter ended September 2023. The billionaire Mukesh Ambani-led energy-to-telecom conglomerate Reliance Industries is expected to show a healthy rise in net profit and operating income during the second quarter of FY24 led by a decent growth in oil to chemicals segment …

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 …

Network18 Q2 YoY operating revenue jumps 20% to Rs 1,866 crore
1 year, 2 months ago

Network18 Q2 YoY operating revenue jumps 20% to Rs 1,866 crore

Firstpost  

During the quarter, the company has taken a number of steps that will result in revenue visibility for years. The foremost being Viacom18’s acquisition of media rights for the BCCI International and Domestic matches Network18 Media & Investments on October 25 reported that its consolidated operating revenue for the July-September quarter jumped 20 percent year-on-year to Rs 1,866 crore, from …

Jio can deploy 5G cell every 10 seconds, deployed 85% 5G network in India: Akash Ambani
1 year, 2 months ago

Jio can deploy 5G cell every 10 seconds, deployed 85% 5G network in India: Akash Ambani

The Hindu  

“Telecom major Reliance Jio has deployed 85% 5G network in India and has the capability to deploy one 5G cell in every 10 seconds,” the company’s Chairman Akash Ambani said. Ookla on Sunday said Jio has emerged as the number one network in India, winning all nine Speedtest awards presented by Ookla for mobile networks in the market, including all …

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 …

Reliance Jio unveils 'JioAirFiber' services in 8 metro cities, starting at Rs 599
1 year, 3 months ago

Reliance Jio unveils 'JioAirFiber' services in 8 metro cities, starting at Rs 599

India TV News  

Reliance Jio has introduced 'JioAirFiber' services, a comprehensive solution encompassing home entertainment, smart home services, and high-speed broadband, across eight major metro cities in India. Image Source : JIOJioFiber Akash Ambani, Chairman of Reliance Jio Infocomm Limited, highlighted that while JioFiber, the company's existing fibre-to-the-home service, already serves over 10 million customers, there are still millions of homes and small …

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 …

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, …

Jio 5G on track to cover entire country by Dec; JioAirFiber to be launched on Ganesh Chaturthi: Mukesh Ambani
1 year, 4 months ago

Jio 5G on track to cover entire country by Dec; JioAirFiber to be launched on Ganesh Chaturthi: Mukesh Ambani

The Hindu  

Reliance Jio's 5G services marks the fastest-ever rollout of this scale anywhere in the world, and the company is "on track" to cover the entire country with the ultra high-speed network by December this year, RIL Chairman Mukesh Ambani said on August 28. Mr. Ambani said that Jio was launched seven years ago with a mission to transform India into …

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 …

Reliance share price volatile ahead of 46th AGM
1 year, 4 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 …

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 …

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