Reliance Jio IPO

Reliance Jio is set to lock horns with Elon Musk if he launches his Starlink internet service in India

RIL AGM 2024: Given RIL's historical performance and the significant developments in its various business segments, investors have high expectations from the 47th AGM

Jefferies report on Reliance Jio listing: Assuming Jio is spun off from Reliance Industries' stable, the fair value for RIL stock would be Rs 3,580, Jefferies said

Jefferies said Jio might debut with a valuation around $112 billion, potentially contributing a 7%-15% increase in the share price of Reliance Industries

However, the Vodafone Idea stock is not a 'buy' yet as BofA awaits further clarity on funding position improvement post fiscal 2025- 26 (FY26) as the spectrum moratorium ends

India's largest telecom operator Reliance Jio added 31.59 lakh mobile users while rival Bharti Airtel's subscriber gain came in at 3.52 lakh in October 2023, as per monthly subscriber data by TRAI. There was no relief for the troubled telco Vodafone Idea on subscriber front, as it lost 20.44 lakh wireless subscribers in October. With the addition of 31.59 lakh users, Jio's total wireless subscriber count climbed to 45.23 crore in October from 44.92 crore in September. Sunil Mittal-led Airtel's wireless subscriber gain of 3.52 lakh pushed up the telco's user tally to 37.81 crore in October. The subscriber losses of Vodafone Idea Ltd (VIL) dragged its wireless user base to 22.54 crore in October, the data by Telecom Regulatory Authority of India (TRAI) showed. Cash-strapped VIL has been battling fundraising woes and subscriber losses.

RIL AGM: From Mukesh Ambani's address to major announcements, check all the live updates and news related to Reliance's 46th annual general meeting here

Reliance AGM 2023: Mukesh Ambani, chairman of Reliance Industries, will address the shareholders and talk about the company's past performance as well as further plans

Closing Bell on July 19: The S&P BSE Sensex touched a lifetime peak of 67,171, while the Nifty50 hit 19,852 intra-day

Another key reason for the recent stock surge, according to analysts at Jefferies, is the hope that the government may withdraw export duties on diesel and aviation fuel

Mukesh Ambani steps down as part of succession plan, to oversee digital business through Jio Platforms

The 30-year-old Brown University graduate and the elder son of Mukesh Ambani will now lead from the front at Reliance Jio as chairman

Jio is targeting to improve its financial performance before any share sale, the people said, asking not to be identified

The telecom services provider Jio, part of the Reliance Industries group, is aiming to improve its financial performance