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India's Reliance Jio launches Netflix subscription on prepaid plans Reliance Jio Infocomm said on Friday it has launched a Netflix subscription on prepaid plans, a move that could intensify competition among domestic telecom companies as well as help the video-streaming provider find other avenues to make money. Jio, the telecom arm of Indian billionaire Mukesh Ambani's Reliance Industries, said that around 400 million prepaid customers will have the option of availing a Netflix subscription through two packages, each valid for up to 84 days. One wi...
India's Reliance Jio launches Netflix subscription on prepaid plans
India's Reliance Jio launches Netflix subscription on prepaid plans
Source: Reuters
18/08/2023 7:20:56 PM
Reliance Industries rises as its arm gets $2.2 billion fund support from Swedish export credit agency Reliance Industries rises as its arm gets $2.2 billion fund support from Swedish export credit agency Aug-07-2023   14:04 Hrs IST Reliance Industries is currently trading at Rs. 2519.30, up by 9.15 points or 0.36% from its previous closing of Rs. 2510.15 on the BSE. The scrip opened at Rs. 2515.00 and has touched a high and low of Rs. 2528.35 and Rs. 2505.05 respectively. So far 228922 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1...
Reliance Industries rises as its arm gets $2.2 billion fund support from Swedish export credit agency
Reliance Industries rises as its arm gets $2.2 billion fund support from Swedish export credit agency
Source: Accord Fintech
7/08/2023 3:01:01 PM
Near term market trend to be decided by Q1 results, Fed policy decision The near-term market trend will be influenced by a host of factors like the recent Q1 results, some major results expected this week and policy decisions like the US Federal Reserve meeting outcome on Wednesday, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Q1 results of RIL, though a tad disappointing on top and bottom line, are good when viewed from the perspective of the growth engines of the company -- Jio Infocom and Reliance Retail -- which are doin...
Near term market trend to be decided by Q1 results, Fed policy decision
Near term market trend to be decided by Q1 results, Fed policy decision
Source: IANS
24/07/2023 11:36:05 AM
India's Reliance Jio posts slowest profit, rev growth in six qtrs Reliance Jio Infocomm, the telecom arm of Indian billionaire Mukesh Ambani's Reliance Industries, reported its slowest profit and revenue growth in six quarters on Friday, hit by higher expenses and a lack of recent tariff hikes. Jio, India's biggest telecom carrier by subscribers, said net profit climbed to 48.63 billion rupees ($593.2 million) in April-June from 43.35 billion rupees a year earlier. Its revenue from operations rose 9.9% to 240.42 billion rupees, while total exp...
India's Reliance Jio posts slowest profit, rev growth in six qtrs
India's Reliance Jio posts slowest profit, rev growth in six qtrs
Source: Reuters
21/07/2023 8:01:37 PM
India's Reliance Jio to launch $12 internet-enabled phones Reliance Jio Infocomm Ltd, the telecom arm of Indian billionaire Mukesh Ambani's Reliance Industries Ltd said on Monday it would launch a new internet-enabled phone priced at 999 rupees ($12.19) to boost digital adoption among entry level mobile phone users in the country. "There are still 250 million mobile phone users in India who remain 'trapped' in the 2G era, ... at a time when the world stands at the cusp of a 5G revolution," Chairman Akash Ambani said in a stat...
India's Reliance Jio to launch $12 internet-enabled phones
India's Reliance Jio to launch $12 internet-enabled phones
Source: Reuters
3/07/2023 7:17:09 PM
Reliance Jio Infocomm Sector Update : 5G capex (incl. spectrum) leads to higher net debt By ICICI Securities Reliance Jio Infocomm’s (RJio) revenue grew 12% YoY, helped by rise in mobile subs base, faster growth in FTTH and enterprise business. EBITDA grew 16% YoY, supported by lower SUC (added 5% YoY to EBITDA growth), and higher Ind-AS impact; adjusted for it, EBITDA growth probably was in high single digit. RJio remains confident of driving higher revenue growth led by 1) adoption of 5G services, and therefore, higher data usage; 2) FTTH subs growth boosted by Jio-back-up plan; and 3) conti...
Reliance Jio Infocomm Sector Update : 5G capex (incl. spectrum) leads to higher net debt By ICICI Securities
Reliance Jio Infocomm Sector Update : 5G capex (incl. spectrum) leads to higher net debt By ICICI Securities
Source: ICICI Securities Ltd
24/04/2023 12:30:49 PM
Indian carrier Reliance Jio`s profit, rev growth hit five-qtr low BENGALURU - Reliance Jio Infocomm Ltd, the telecom arm of Indian billionaire Mukesh Ambani's Reliance Industries Ltd, reported its slowest profit and revenue growth in five quarters on Friday, due to higher expenses and lack of recent tariff hikes. Jio, India's biggest telecom carrier by subscribers, said net profit rose 13% to 47.16 billion rupees ($574.8 million) in the three months ended March 31, from 41.73 billion rupees a year ago. Its revenue from operations grew 11.9% to...
Indian carrier Reliance Jio`s profit, rev growth hit five-qtr low
Indian carrier Reliance Jio`s profit, rev growth hit five-qtr low
Source: Reuters
21/04/2023 6:33:07 PM
Audited Standalone and Consolidated Financial Results of Reliance Jio Infocomm Limited (RJIL) For The Quarter And Year Ended 31st March 2023 Sub: Standalone and Consolidated Audited Financial Results Further to our communication dated April 14, 2023, we enclose the following: Standalone audited financial results of the Company for the quarter / year ended March 31, 2023; Consolidated audited financial results of the Company for the year ended March 31, 2023; Auditors’ Reports with unmodified opinions on the aforesaid Audited Financial Results (Standalone and Consolidated).   Above views are of the auth...
Audited Standalone and Consolidated Financial Results of Reliance Jio Infocomm Limited (RJIL) For The Quarter And Year Ended 31st March 2023
Audited Standalone and Consolidated Financial Results of Reliance Jio Infocomm Limited (RJIL) For The Quarter And Year Ended 31st March 2023
Source: PR Agency
21/04/2023 6:28:29 PM
Prime Minister Narendra Modi to address post-budget webinar on ease of living using tech Prime Minister Narendra Modi on Tuesday will address a post-budget webinar on the theme 'Unleashing the Potential: Ease of living Using Technology' via video conferencing. The webinar will be led by the ministry of electronics and information technology (MeitY) and co-led by the department of promotion of industry and internal trade (DPIIT). It will involve discussions on the budget announcements pertaining to the theme and the specifics catering to MeitY, DPIIT, department of j...
Prime Minister Narendra Modi to address post-budget webinar on ease of living using tech
Prime Minister Narendra Modi to address post-budget webinar on ease of living using tech
Source: IANS
28/02/2023 9:14:45 AM
Reliance Industries gains as its arm adds 17.08 lakh subscribers in December Reliance Industries is currently trading at Rs. 2431.30, up by 1.65 points or 0.07% from its previous closing of Rs. 2429.65 on the BSE. The scrip opened at Rs. 2424.95 and has touched a high and low of Rs. 2446.90 and Rs. 2410.60 respectively. So far 87103 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2855.00 on 29-Apr-2022 and a 52 week low of Rs. 2181.00 on 08-Mar-2022. Last one week high and low of the sc...
Reliance Industries gains as its arm adds 17.08 lakh subscribers in December
Reliance Industries gains as its arm adds 17.08 lakh subscribers in December
Source: Accord Fintech
17/02/2023 2:50:11 PM
Reliance Industries jumps after its arm launches True 5G services in Himachal Pradesh Reliance Industries is currently trading at Rs. 2420.35, up by 42.95 points or 1.81% from its previous closing of Rs. 2377.40 on the BSE. The scrip opened at Rs. 2387.80 and has touched a high and low of Rs. 2429.00 and Rs. 2375.00 respectively. So far 212755 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2855.00 on 29-Apr-2022 and a 52 week low of Rs. 2181.00 on 08-Mar-2022. Last one week high and low of the ...
Reliance Industries jumps after its arm launches True 5G services in Himachal Pradesh
Reliance Industries jumps after its arm launches True 5G services in Himachal Pradesh
Source: Accord Fintech
15/02/2023 1:52:36 PM
Reliance Industries inches up after its arm enters into partnership with Xiaomi India Reliance Industries is currently trading at Rs. 2546.00, up by 0.95 points or 0.04% from its previous closing of Rs. 2545.05 on the BSE. The scrip opened at Rs. 2535.90 and has touched a high and low of Rs. 2548.00 and Rs. 2521.25 respectively. So far 141699 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2855.00 on 29-Apr-2022 and a 52 week low of Rs. 2181.00 on 08-Mar-2022. Last one week high and low of the s...
Reliance Industries inches up after its arm enters into partnership with Xiaomi India
Reliance Industries inches up after its arm enters into partnership with Xiaomi India
Source: Accord Fintech
28/12/2022 3:21:33 PM
Xiaomi India partners with Reliance Jio to offer users a `True 5G` experience * All Xiaomi 5G Smartphones to support Jio True 5G network Xiaomi India, the country’s No.1 smartphone brand, today announced its partnership with Reliance Jio to offer a ‘True 5G’ experience to their consumers. The association will enable Xiaomi and c smartphone users to access seamless True 5G connectivity and stream uninterrupted videos, enjoy high-resolution video calls, and play low-latency gaming on their devices. Users just need to change the preferred network type...
Xiaomi India partners with Reliance Jio to offer users a `True 5G` experience
Xiaomi India partners with Reliance Jio to offer users a `True 5G` experience
Source: PR Agency
28/12/2022 11:39:22 AM
IOCL selects Reliance Jio managed network services for its retail outlets Jio has won Indian Oil Corporation Ltd (IOCL) order for providing SD-WAN (Software Defined Wide Area Network) solution that will power IOCL's retail automation and critical business processes, such as payment processing, daily price updates, Remote Desktop Protocol (RDP) software and network monitoring with enterprise-grade connectivity, Quality of Service (QOS) and 24x7 support across 28 states and eight Union Territories. JioBusiness, the Enterprise arm of Reliance Jio Infocomm, will...
IOCL selects Reliance Jio managed network services for its retail outlets
IOCL selects Reliance Jio managed network services for its retail outlets
Source: IANS
22/12/2022 5:15:04 PM
Reliance Industries rises as its arm adds 14.14 lakh subscribers in October Reliance Industries is currently trading at Rs. 2577.90, up by 12.80 points or 0.50% from its previous closing of Rs. 2565.10 on the BSE. The scrip opened at Rs. 2583.95 and has touched a high and low of Rs. 2587.05 and Rs. 2567.70 respectively. So far 44566 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2855.00 on 29-Apr-2022 and a 52 week low of Rs. 2181.00 on 08-Mar-2022. Last one week high and low of the s...
Reliance Industries rises as its arm adds 14.14 lakh subscribers in October
Reliance Industries rises as its arm adds 14.14 lakh subscribers in October
Source: Accord Fintech
19/12/2022 2:26:23 PM
Reliance Industries gains as its arm starts True 5G services in Madhya Pradesh Reliance Industries is currently trading at Rs. 2593.40, up by 14.65 points or 0.57% from its previous closing of Rs. 2578.75 on the BSE. The scrip opened at Rs. 2570.00 and has touched a high and low of Rs. 2619.00 and Rs. 2570.00 respectively. So far 68073 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2855.00 on 29-Apr-2022 and a 52 week low of Rs. 2181.00 on 08-Mar-2022. Last one week high and low of the s...
Reliance Industries gains as its arm starts True 5G services in Madhya Pradesh
Reliance Industries gains as its arm starts True 5G services in Madhya Pradesh
Source: Accord Fintech
16/12/2022 11:10:33 AM
Reliance Industries soars after its arm partners with OnePlus Reliance Industries is currently trading at Rs. 2624.85, up by 12.60 points or 0.48% from its previous closing of Rs. 2612.25 on the BSE. The scrip opened at Rs. 2617.00 and has touched a high and low of Rs. 2633.20 and Rs. 2606.75 respectively. So far 53587 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2855.00 on 29-Apr-2022 and a 52 week low of Rs. 2181.00 on 08-Mar-2022. Last one week high and low of the s...
Reliance Industries soars after its arm partners with OnePlus
Reliance Industries soars after its arm partners with OnePlus
Source: Accord Fintech
13/12/2022 3:22:23 PM
India emerged as leading market in past 1 year: Motilal Oswal report India has emerged as a standout market over the last 12 months, a research report titled "Bulls and Bears" by Motilal Oswal Financial Services Limited has said. As global market-cap declined by 16.8 per cent ($19.9 trillion) over the last 12 months, India's market-cap rose 3.8 per cent, the report noted. Barring Indonesia and India, all key global markets saw a decline in market-cap over the last 12 months, it added. The research report further said that all major secto...
India emerged as leading market in past 1 year: Motilal Oswal report
India emerged as leading market in past 1 year: Motilal Oswal report
Source: IANS
7/12/2022 10:04:08 AM
Reliance Industries trades marginally higher as its arm completes 5G coverage planning in top 1,000 cities Reliance Industries is currently trading at Rs. 2569.75, up by 2.95 points or 0.11% from its previous closing of Rs. 2566.80 on the BSE. The scrip opened at Rs. 2572.00 and has touched a high and low of Rs. 2589.95 and Rs. 2561.00 respectively. So far 25763 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2855.00 on 29-Apr-2022 and a 52 week low of Rs. 2065.80 on 09-Aug-2021. Last one week high and low of the sc...
Reliance Industries trades marginally higher as its arm completes 5G coverage planning in top 1,000 cities
Reliance Industries trades marginally higher as its arm completes 5G coverage planning in top 1,000 cities
Source: Accord Fintech
10/08/2022 11:21:53 AM
Prudent financial management helps Reliance Jio reduce running costs Reliance Jio Infocomm Limited prepaid entire deferred liabilities pertaining to spectrum acquired in auctions of year 2014, 2015, 2016 and the spectrum acquired in year 2021 through trading of right to use with Bharti Airtel Limited aggregating to Rs 30,791 crore (including accrued interest) in FY2021-22. This was refinanced through a mix of INR Loans and Debentures. The Company expects that this prepayment will result in interest savings of about Rs 1,200 crore annually. Reliance, a re...
Prudent financial management helps Reliance Jio reduce running costs
Prudent financial management helps Reliance Jio reduce running costs
Source: IANS
8/08/2022 12:27:22 PM
Reliance Jio may launch 5G services in India on Independence Day As the race to launch 5G services for millions of smartphone and internet users take steam, Reliance Jio may launch its 5G services on August 15. Earlier this week, Akash Ambani, Chairman, Reliance Jio Infocomm, said that they will celebrate 'Azadi ka Amrit Mahotsav' with a pan-India 5G rollout. "Jio is committed to offering world-class, affordable 5G and 5G-enabled services. We will provide services, platforms and solutions that will accelerate India's digital revoluti...
Reliance Jio may launch 5G services in India on Independence Day
Reliance Jio may launch 5G services in India on Independence Day
Source: IANS
4/08/2022 1:01:17 PM
5G spectrum bidding may not be aggressive: Research Reports  With sufficient telecom spectrum available for 5G network, it is unlikely that the bidding for the same will be aggressive, state research reports. "The highest amount of spectrum available per player for 5G bands on a pan-India basis would be worth Rs 489 billion ($6.1 billion). Assuming both Rjio (Reliance Jio Infocomm) and Bharti Airtel bid to the maximum extent allowed, there would still be enough spectrum left to satisfy the maximum amount that the other two players can bid...
5G spectrum bidding may not be aggressive: Research Reports
5G spectrum bidding may not be aggressive: Research Reports
Source: IANS
19/07/2022 2:23:37 PM
Mukesh Ambani steps down from Reliance Jio, son Akash named Chairman Mukesh Ambani has resigned as a Director in Reliance Jio Infocomm Limited with the company's Board on Tuesday approving his elder son Akash Ambani's appointment as the Chairman. In regulatory filing, Reliance Jio, the telecom arm of the Reliance group, said the Board of Directors at its meeting held on Monday "approved the appointment of Akash Ambani, Non-executive Director, as the Chairman of the Board of Directors of the company". The company also said the Board &quo...
Mukesh Ambani steps down from Reliance Jio, son Akash named Chairman
Mukesh Ambani steps down from Reliance Jio, son Akash named Chairman
Source: IANS
29/06/2022 8:59:20 AM
Jio launches new entertainment plans under JioFiber postpaid  India's largest telecom and broadband provider Jio on Tuesday launched new postpaid entertainment plans under the JioFiber postpaid category. According to the company, the new plans will be made available to all users from April 22. "The users will get internet box (Gateway Router), set top box and installation valued at Rs 10,000 at zero cost when they opt for a JioFiber postpaid connection," the company said in a statement. "The users will continue to acces...
Jio launches new entertainment plans under JioFiber postpaid
Jio launches new entertainment plans under JioFiber postpaid
Source: IANS
19/04/2022 7:27:07 PM
Jio Platforms to invest US$200 million in Glance Investment to expedite Glance’s vision of bringing Internet to Smartphone Lock Screens Globally Highlights: ·        Glance is disrupting the way internet is experienced by bringing it directly on the lock screen - removing the need for search and breaking barriers of downloading apps ·        It will use the funds raised to double down on growth in Asia as well as launch in key global...
Jio Platforms to invest US$200 million in Glance
Jio Platforms to invest US$200 million in Glance
Source: PR Agency
14/02/2022 7:21:47 PM
Reliance Industries moves up as its telecom arm adds 17.6 lakh subscribers in October Reliance Industries is currently trading at Rs. 2327.45, up by 50.25 points or 2.21% from its previous closing of Rs. 2277.20 on the BSE. The scrip opened at Rs. 2304.60 and has touched a high and low of Rs. 2331.00 and Rs. 2293.00 respectively. So far 64849 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2750.00 on 19-Oct-2021 and a 52 week low of Rs. 1830.00 on 29-Jan-2021. Last one week high and low of the s...
Reliance Industries moves up as its telecom arm adds 17.6 lakh subscribers in October
Reliance Industries moves up as its telecom arm adds 17.6 lakh subscribers in October
Source: Accord Fintech
21/12/2021 11:41:02 AM
Jio and Google Cloud to Collaborate on 5G Technology to Enable a Billion Indians Access Superior Connectivity Jio and Google Cloud to Collaborate on 5G Technology to Enable a Billion Indians Access Superior Connectivity India, 24th June 2021: Reliance Jio Infocomm Limited (Jio), a subsidiary of Reliance Industries Limited, and Google Cloud are embarking on a comprehensive, long-term strategic relationship with a goal of powering 5G in enterprise and consumer segments nationwide. In addition, Reliance will also take advantage of Google Cloud’s scalable infrastructure thereby enabling its reta...
Jio and Google Cloud to Collaborate on 5G Technology to Enable a Billion Indians Access Superior Connectivity
Jio and Google Cloud to Collaborate on 5G Technology to Enable a Billion Indians Access Superior Connectivity
Source: PR Agency
24/06/2021 5:28:12 PM
Key News - Reliance Jio Infocomm Ltd, Public sector banks, HCL Technologies, Indiabulls Housing Finance Ltd, Godrej Consumer Products Ltd by ARETE Securities Key News Reliance Jio beats Bharti Airtel, adds 4.3 million users in February Reliance Jio added 4.3 million and Bharti Airtel added 3.7 million users to their networks in February, according to latest data by the telecom regulator. Vodafone Idea barely added 652,625 subscribers to its network in the month of February, shows Telecom Regulatory Authority of India (TRAI) data. Total wireless subscribers increased from 1.1 billion, in January to 1.2 billion in February, thereby registering...
Key News - Reliance Jio Infocomm Ltd, Public sector banks, HCL Technologies, Indiabulls Housing Finance Ltd, Godrej Consumer Products Ltd by ARETE Securities
Key News - Reliance Jio Infocomm Ltd, Public sector banks, HCL Technologies, Indiabulls Housing Finance Ltd, Godrej Consumer Products Ltd by ARETE Securities
Source: ARETE Securities Ltd
12/05/2021 9:05:25 AM
Key News - Reliance Retail, Reliance Jio Infocomm Ltd, IndusInd Bank Ltd, Tata Power by ARETE Securities Key News Reliance Retail revenue up 25% in March quarter on strong recovery Reliance Retail revenue up 25% in March quarter on strong recovery Reliance Retail, the retail arm of Reliance Industries (RIL), reported a 25 per cent sequential increase in its revenue from operations to Rs 46,099 crore for the quarter ended March 31 (Q4), as the business witnessed a strong recovery in the period. Profit for the quarter, too, surged on the back of strong operational performance, it said on Fri...
Key News - Reliance Retail, Reliance Jio Infocomm Ltd, IndusInd Bank Ltd, Tata Power by ARETE Securities
Key News - Reliance Retail, Reliance Jio Infocomm Ltd, IndusInd Bank Ltd, Tata Power by ARETE Securities
Source: ARETE Securities Ltd
3/05/2021 9:07:48 AM
Reliance Industries doubles profit on Petchem rebound BENGALURU (Reuters) - India's Reliance Industries doubled its quarterly profit but missed analysts' estimates as a rebound in its oil-to-chemicals business and healthy retail sales failed to counter a 10% jump in overall costs. The oil-to-telecoms conglomerate, led by billionaire Mukesh Ambani, said on Friday consolidated profit climbed to 132.27 billion rupees ($1.79 billion) in the fourth quarter, from 63.48 billion rupees a year earlier. Analysts on average had expected a profit...
Reliance Industries doubles profit on Petchem rebound
Reliance Industries doubles profit on Petchem rebound
Source: (Reuters)
30/04/2021 8:15:59 PM
Airtel, Jio announce spectrum trading agreement Bharti Airtel on Tuesday announced an agreement with Reliance Jio Infocomm to transfer the 'Right to Use' of Airtel's 800 MHz spectrum in Andhra Pradesh (3.75 MHz), Delhi (1.25 MHz) and Mumbai (2.50 MHz) to Jio. The agreement is subject to statutory approvals, Airtel said in a statement. Through this agreement, Airtel will receive a consideration of Rs 1,037.6 crore from Jio for the proposed transfer. In addition, Jio will assume future liabilities of Rs 459 crore relating t...
Airtel, Jio announce spectrum trading agreement
Airtel, Jio announce spectrum trading agreement
Source: IANS
6/04/2021 4:38:16 PM
Reliance Jio splashes out $8 billion in Indian airwaves auction NEW DELHI - Reliance Jio Infocomm, the telecoms company backed by Indian billionaire Mukesh Ambani and tech giants Facebook and Google, won airwaves worth about $8 billion in a $10.6 billion spectrum auction that closed on Tuesday. Jio picked up a total of 488.35 megahertz (Mhz) in frequency bands of 800 Mhz, 1800 Mhz and 2300 Mhz, India's telecoms secretary Anshu Prakash told reporters. The top three Indian wireless carriers - Jio, Bharti Airtel and Vodafone Idea - together bo...
Reliance Jio splashes out $8 billion in Indian airwaves auction
Reliance Jio splashes out $8 billion in Indian airwaves auction
Source: Reuters
3/03/2021 9:28:23 AM