Reliance Jio-Facebook $5.7 bn partnership: Mark Zuckerberg-led social media firm to get deeper access to India; deal to help reduce RIL debt burden
4 years, 8 months ago

Reliance Jio-Facebook $5.7 bn partnership: Mark Zuckerberg-led social media firm to get deeper access to India; deal to help reduce RIL debt burden

Firstpost  

Facebook has bought a 9.9 percent stake in Reliance Jio in a multinational-dollar deal. The deal will help reduce RIL’s debt burden, which bulged due to the breakneck expansion of Jio and other businesses. After Rs 43,574 crore deal between Facebook and Jio, the investment values Jio Platforms among the top-5 listed firms in India by market capitalisation. This investment by Facebook values Jio Platforms at Rs 4.62 lakh crore pre-money enterprise value The Jio-FB deal is worth more than the GDP of some Indian states/UTs.

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History of this topic

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 …

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 …

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 …

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 …

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 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 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 …

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 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 …

Jio plans to raise over $1 bn loan to purchase 5G network gear: Report
1 year, 6 months ago

Jio plans to raise over $1 bn loan to purchase 5G network gear: Report

Live Mint  

Indian billionaire Mukesh Ambani's telecommunication company, Reliance Jio Infocomm is in talks with a clutch of global banks to raise around $1-1.5 billion through an offshore syndicated loan, according to a report by the Economic Times. The English Daily said Reliance Jio will use the funds to buy 5G network gear from Sweden's Ericsson as it plans to roll out …

Reliance, Jio among top 5 best Indian brands 2023 ranking
1 year, 7 months ago

Reliance, Jio among top 5 best Indian brands 2023 ranking

Live Mint  

Interbrand, renowned global brand consultancy, Thursday said Tata Consultancy Services and Reliance Industries have topped the list of most valuable brands in the country. According to a report, two brands owned by billionaire Mukesh Ambani – Reliance Industries and digital unit Jio made it to the list of top five most-valuable brands in India. The diversified Reliance Industries with a …

Reliance, Jio raise $5bn in largest syndicated loan in India
1 year, 9 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 …

Jio eyes new horizons with cheap fiber plan
1 year, 9 months ago

Jio eyes new horizons with cheap fiber plan

Live Mint  

Reliance Industries Ltd’s telecom arm, Reliance Jio Infocomm Ltd, seems to be aiming at market share gains in the wired broadband segment. View Full Image Graphic: Mint As of 31 December, Jio’s subscribers in the wired broadband segment stood at 7.65 million, giving it a market share of 24%. Also, “With a second home broadband connection being a new concept, …

Reliance Jio formally launches 5G services, launch JioTrue5G powered WiFi services in Nathdwara
2 years, 2 months ago

Reliance Jio formally launches 5G services, launch JioTrue5G powered WiFi services in Nathdwara

Firstpost  

Under the Jio True5G Welcome Offer, customers with invitation only will get access to 5G service during the beta trial and be able to access unlimited data up to 1 gigabit per second. On October 1, after Prime Minister Narendra Modi launched the 5G telephony services that promise to provide ultra-high-speed internet on mobile phones, Mukesh Ambani said Reliance Jio, …

India's Reliance Jio selects Nokia as equipment provider in 5G push
2 years, 2 months ago

India's Reliance Jio selects Nokia as equipment provider in 5G push

The Hindu  

Indian telecom service provider Reliance Jio has chosen Nokia as a major supplier, the Finnish telecom equipment maker said on Monday, as India's biggest mobile carrier gears up to expand next-generation wireless services across the country. Nokia will supply Reliance Jio, which has more than 420 million customers, with 5G radio access network equipment in a multi-year deal, the company …

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, 6 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 …

Reliance Jio Posts Net Profit Of Rs 4,173 crore, Largely In Line With Estimates
2 years, 8 months ago

Reliance Jio Posts Net Profit Of Rs 4,173 crore, Largely In Line With Estimates

News 18  

Reliance Jio, the telecom arm of Reliance Industries Ltd, on Friday reported a net profit of Rs 4,173 crore for the fourth quarter of the 2021-22 financial year that ended on March 31, 2022. A CNBC-TV18 poll had predicted a net profit of Rs 4,400 crore for the quarter under review. India’s largest telecom operator has reported earnings before tax, …

Reliance Industries Becomes 1st Indian Company to Hit $250 Billion in M-cap
2 years, 8 months ago

Reliance Industries Becomes 1st Indian Company to Hit $250 Billion in M-cap

News 18  

Reliance Industries Ltd. becomes the first Indian co to hit a market cap of $250 billion. RIL: The Heavyweight in Nifty Reliance contributes 12 per cent to Nifty’s market cap weight and makes up for nearly 10 per cent of the earnings of the index. As per a CLSA reserch report, “Reliance which contributes 12 per cent to Nifty’s market …

Reliance Jio to Invest $200 Million in Mobile Startup Glance
2 years, 11 months ago

Reliance Jio to Invest $200 Million in Mobile Startup Glance

Hindustan Times  

Reliance Industries Ltd.’s digital platform will invest $200 million in the mobile content company Glance InMobi Pte., a sign regional startups continue to attract financing at strong valuations despite setbacks for some newly-public technology stocks. Reliance Jio Infocomm Ltd., India’s largest mobile services provider with more than 420 million subscribers, is trying to boost its base with home-engineered JioPhone Next …

Jio Partners With SES To Provide Satellite-Based Broadband Internet Services Across India
2 years, 11 months ago

Jio Partners With SES To Provide Satellite-Based Broadband Internet Services Across India

News 18  

Jio Platforms Limited and SES have announced a joint venture called Jio Space Technology Limited with the aim to offer affordable broadband services in India leveraging satellite technology. The joint venture will use multi-orbit space networks that is a combination of geostationary and medium earth orbit satellite constellations capable of delivering multi-gigabit links and capacity to enterprises, mobile backhaul and …

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 …

Facebook ties up with Indian firm to provide SMB loans up to ₹50 lakh
3 years, 4 months ago

Facebook ties up with Indian firm to provide SMB loans up to ₹50 lakh

Live Mint  

New Delhi: Facebook is partnering with an Indian online lending firm to help provide loans to small domestic businesses, its country head said on Friday, as part of a push to bring more businesses to advertise on its platform. The social media giant is joining hands with Indifi to help provide loans ranging from Ra 50,00,00 to ₹50, 00,000 at …

Reliance Jio And Sundar Pichai’s Google Work Together On The Same Mission: Technology For The Masses
3 years, 6 months ago

Reliance Jio And Sundar Pichai’s Google Work Together On The Same Mission: Technology For The Masses

News 18  

Reliance Jio and Google have further strengthened their partnership with a bunch of initiatives announced at the 44th Annual General Meeting of Reliance Industries Ltd. This year, the two companies are working together for the super affordable JioPhone Next 4G smartphone and the 5G partnership between Jio and Google Cloud. At the remarks delivered during the RIL AGM, Google and …

Working closely with Jio to build affordable smartphone: Google CEO Sundar Pichai
3 years, 7 months ago

Working closely with Jio to build affordable smartphone: Google CEO Sundar Pichai

India TV News  

Google CEO Sundar Pichai on Thursday said the company continues to engage closely with partner Jio on the initiative of building an affordable smartphone and that work is underway on the project. "Google is also looking at new opportunities to deploy funds from its USD 10 billion India Digitisation Fund, and will make some announcements later this year," Pichai said …

Google working closely with Jio to build affordable smartphone, says CEO Pichai
3 years, 7 months ago

Google working closely with Jio to build affordable smartphone, says CEO Pichai

Live Mint  

Google CEO Sundar Pichai on Thursday said the company continues to engage closely with partner Jio on the initiative of building an affordable smartphone and that work is underway on the project. Google had picked up a 7.7% stake in Jio Platforms for ₹33,737 crore last year and had also entered into a commercial agreement with Jio Platforms to jointly …

Jio's Q4 net profit grows 48% to Rs 3,508 crore
3 years, 8 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 …

Jio Adds 3.1 Crore Subscribers, 13.3GB Data Used by Each User Per Month in Q4FY21
3 years, 8 months ago

Jio Adds 3.1 Crore Subscribers, 13.3GB Data Used by Each User Per Month in Q4FY21

News 18  

Reliance Jio, India’s biggest mobile telecom operator, has closed FY 2020-21 on a high, with the first three months of 2021 helping Jio add 3.12 crore gross subscribers in the period. Jio’s focus remains on making lives easy for all citizens through our digital solutions while ensuring safety of our employees and partners.” Through the final quarter of FY21 for …

Jio Platforms among TIME 100 most influential companies
3 years, 8 months ago

Jio Platforms among TIME 100 most influential companies

India TV News  

Jio Platforms is among the most influential companies in the world, according to the 2021 TIME 100 Most Influential Companies. Now leading investors are turning to Jio Platforms, the holding company for Reliance's digital businesses, to reach its more than 410 million subscribers, it said. TIME said that as users of his company's signature app nearly doubled to 80 million …

Jio Platforms, Byju's in Time Magazine's First-ever List of 100 Most Influential Firms
3 years, 8 months ago

Jio Platforms, Byju's in Time Magazine's First-ever List of 100 Most Influential Firms

News 18  

Two Indian firms, Reliance Industries’ technology arm Jio Platforms and e-learning startup Byju’s have figured in the Time Magazine’s first-ever list of 100 most influential companies. “Now leading investors are turning to Jio Platforms — the holding company for Reliance’s digital businesses — to reach its more than 410 million subscribers,” it said. As users of his company’s signature app …

Reliance Jio to aggressively gain MSME subscribers
3 years, 10 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 …

Reliance Jio Increases Spectrum Footprint by 55 Percent for Improved 4G, Future 5G Rollout
3 years, 10 months ago

Reliance Jio Increases Spectrum Footprint by 55 Percent for Improved 4G, Future 5G Rollout

News 18  

Reliance Jio has increased its spectrum footprint by 55 percent to 1,717MHz, the company said in a media release after the concluded spectrum auction held of the government of India earlier today. The department of telecommunications held its latest spectrum auction for the three leading telecom operators of India earlier today – Reliance Jio, Bharti Airtel and Vi. Jio says …

JioPhone 2021 Offer With Unlimited Voice Calling, Internet Announced to Boost 2G-Mukt Bharat Mission
3 years, 10 months ago

JioPhone 2021 Offer With Unlimited Voice Calling, Internet Announced to Boost 2G-Mukt Bharat Mission

News 18  

Reliance Jio has announced offers for new and existing JioPhone users to accelerate its?2G-mukt Bharat? As a part of the new JioPhone 2021 plan, JioPhone users in India can enjoy unlimited voice calling and 2GB high-speed internet data for up to two years at affordable prices. Reliance also notes that the unlimited voice calling benefit that comes bundled with several …

Partnership with Jio to help support millions of SMBs: Zuckerberg
4 years, 1 month ago

Partnership with Jio to help support millions of SMBs: Zuckerberg

India TV News  

Facebook CEO Mark Zuckerberg on Tuesday said its partnership with Jio Platforms will help support millions of small businesses in India. "With more than 60 million small businesses and millions of people around the country relying on them for jobs -- these small businesses form a big part of what our partnership with Jio can serve here," he said. "One …

Mukesh Ambani And Mark Zuckerberg In Conversation at Facebook Fuel For India 2020: Key Takeaways
4 years, 1 month ago

Mukesh Ambani And Mark Zuckerberg In Conversation at Facebook Fuel For India 2020: Key Takeaways

News 18  

Two of the biggest names in the world of business. The two business leaders spoke about the importance of digital connectivity as a means to empower the masses, how small businesses get a much-needed push with the correct technology and tools in place, Jio’s partnership with Facebook as well as India’s Digital India mission and the entrepreneurial journey. Ambani said …

Facebook-Jio to Boost Indian Economy: Ambani Chats With Zuckerberg
4 years, 1 month ago

Facebook-Jio to Boost Indian Economy: Ambani Chats With Zuckerberg

The Quint  

RIL Chairman said that all the digitisation steps that India has taken will democratise wealth and value creation for individuals and small businesses. Jio Mart, which is our retail service, has the aspiration of serving tens of millions of small shopkeepers in India, who are the bedrock of employment.” “So, what does this mean? This means Jio brings digital connectivity, …

Facebook-Jio partnership will help in getting small businesses digitised, says Zuckerberg
4 years, 1 month ago

Facebook-Jio partnership will help in getting small businesses digitised, says Zuckerberg

India Today  

Facebook Fuel for India, a two-day virtual event started on Tuesday. It further noted that it reached out to 9 million small businesses across India with a local SMB Guide available in both Hindi and English. So, decisions that are made here shape the global discussion about how technology can drive more economic opportunity and better outcomes for people.” In …

Jio 5G to Launch in India by Late 2021: Mukesh Ambani at India Mobile Congress 2020
4 years, 1 month ago

Jio 5G to Launch in India by Late 2021: Mukesh Ambani at India Mobile Congress 2020

News 18  

Jio 5G will launch in India in the second half of 2021, said Reliance Industrial chairman and managing director, Mukesh Ambani, at his keynote during the inauguration of India Mobile Congress 2020. During the keynote, Ambani introduced to Prime Minister Narendra Modi his “four ideas” that can help in India’s digital transformation, and at the centre of this was the …

Jio-Google 4G Android phone to launch in first quarter of 2021
4 years, 1 month ago

Jio-Google 4G Android phone to launch in first quarter of 2021

India Today  

Reliance Jio partnered with Google earlier this year to work on low-cost Android smartphones. "Jio Platforms Limited has allotted equity shares to Google International LLC, following which Google International holds 7.73 per cent of the fully diluted equity share capital of Jio Platforms," Reliance Jio said earlier this month. At Reliance's virtual annual general meeting in July, Reliance CEO, Mukesh …

Google pays Rs 33,737 cr for 7.73% stake in Jio Platforms
4 years, 1 month ago

Google pays Rs 33,737 cr for 7.73% stake in Jio Platforms

India TV News  

Alphabet Inc's Google has paid Rs 33,737 crore for a 7.73 per cent stake in Reliance Industries Ltd's digital subsidiary, Jio Platforms Ltd, joining the list of global investors such as Facebook, billionaire Mukesh Ambani's firm said. With this, Jio Platforms has raised a total of Rs 1.52 lakh crore by selling nearly 33 per cent stake to 13 financial …

Google-Jio deal: CCI clears Google picking up 7.73% stake in Jio Platforms for ₹33,737 cr
4 years, 2 months ago

Google-Jio deal: CCI clears Google picking up 7.73% stake in Jio Platforms for ₹33,737 cr

Live Mint  

The Competition Commission of India has said that it has approved Google picking up 7.73% stake in Mueskh Ambani-led Jio Platforms for ₹33,737 crore, facilitating the internet major and Jio Platforms Ltd to develop and launch Android smartphones in India. Taking to Twitter, the watchdog wrote, "Commission approves acquisition of 7.73% equity share capital of Jio Platforms by Google." 14th …

Reliance Jio Announces Three Annual All-In-One Prepaid Plans With Up To 504GB Data
4 years, 2 months ago

Reliance Jio Announces Three Annual All-In-One Prepaid Plans With Up To 504GB Data

News 18  

Telecommunications giant Reliance Jio has announced three new all-in-one annual prepaid plans for mobile users. Further, the Rs 1,001 plan includes unlimited Jio to Jio voice calls, and 12,000 minutes of Jio to non-Jio voice calls. The third and the most expensive plan worth Rs 1,501 provides 504GB of total data, capping at a 1.5GB per day limit and unlimited …

Reliance Jio and more businesses will launch more apps, digital platforms in 2021
4 years, 3 months ago

Reliance Jio and more businesses will launch more apps, digital platforms in 2021

India TV News  

Businesses will further accelerate the pace of their digital activities in 2021 by creating new-age apps and platforms and the world will see this battle ratcheting up in intensity in India led by Reliance Jio Platforms, a new report has said. However, we will see this battle ratcheting up in intensity, especially in India," said Ashutosh Sharma, VP, Research Director. …

Reliance Jio Retains Top Spot in Mobile Telcos with 35 Lakh New Customers, Vi Loses 37 Lakh: TRAI
4 years, 3 months ago

Reliance Jio Retains Top Spot in Mobile Telcos with 35 Lakh New Customers, Vi Loses 37 Lakh: TRAI

News 18  

Reliance Jio added over 35 lakh wireless subscribers to its mobile network in July 2020, while Vi, which rebranded from the erstwhile Vodafone-Idea, lost 37 Lakh subscribers, noted the Telecom Regulatory Authority of India’s monthly report. According to TRAI, Vi is still the third largest telco in India with a market share of 26.34 percent, behind Bharti Airtel and ahead …

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