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Reliance Jio Infocomm

Vodafone Idea stocks extend rally on AGR waiver buzz; gain 30% in 1 week

The government is considering a proposal to waive 50% of interest and 100% of penalties and interest on penalties that make up a bulk of the AGR dues levied on telcos

Vodafone Idea stocks extend rally on AGR waiver buzz; gain 30% in 1 week
Updated On : 20 Jan 2025 | 10:50 PM IST

Bharti Airtel becomes 4th listed company to cross Rs 10 trillion market cap

The combined market cap of Bharti Airtel (Rs 9.52 trillion) and Bharti Airtel's partly paid shares (Rs 49,526 crore) touched Rs 10.02 trillion in intra-day trade on Thursday.

Bharti Airtel becomes 4th listed company to cross Rs 10 trillion market cap
Updated On : 19 Sep 2024 | 10:21 AM IST

Jio Financial, BlackRock Advisors enter JV for investment advisory services

Jio Financial Services on Sunday said it has formed a joint venture with BlackRock Advisors Singapore Pte Ltd to undertake investment advisory business. Jio BlackRock Investment Advisers Private Limited was incorporated on September 6 to carry on the primary business of investment advisory services, subject to regulatory approvals, Jio Financial Services said in a filing. The company will invest Rs 3 crore towards an initial subscription of 30,00,000 equity shares of face value Rs 10 each, it said. The Certificate of Incorporation was received from the Ministry of Corporate Affairs on September 7, 2024, it added. Jio Financial Services Ltd, the demerged financial services arm of billionaire Mukesh Ambani's Reliance, had earlier announced a joint venture for asset management and wealth management with BlackRock. Last month, Jio Finance Ltd, an NBFC arm of Jio Financial Services, said it is in the advanced stages of launching home loans, which have been rolled out in beta mode. Bes

Jio Financial, BlackRock Advisors enter JV for investment advisory services
Updated On : 08 Sep 2024 | 10:37 PM IST

Jio adds 3.16 mn subscribers in October; Vi loses 2.04 mn: Trai data

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.

Jio adds 3.16 mn subscribers in October; Vi loses 2.04 mn: Trai data
Updated On : 04 Jan 2024 | 12:18 PM IST

Jio, IIT-B collaborate on 'Bharat GPT', Akash Ambani announces TV OS launch

Reliance Jio Infocomm chairman Akash Ambani on Wednesday said the country's largest telco is working with Indian Institute of Technology-Bombay to launch a 'Bharat GPT' programme. The company, a unit of Reliance Industries, is also "comprehensively thinking" to launch an operating system for televisions, he said, adding that it has been working on it for a while now. Speaking at the institute's annual Techfest here, the 32-year-old Ambani family scion said building an "ecosystem of development" is very important for the company, and added that work on the vision of "Jio 2.0" is already on. "We have been working on a project with IIT Bombay to launch a Bharat GPT programme," he said, while speaking about the partnership between Jio and the premier tech school, which goes back to 2014. 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, he said. Ambani said artificial intelligence will

Jio, IIT-B collaborate on 'Bharat GPT', Akash Ambani announces TV OS launch
Updated On : 27 Dec 2023 | 10:45 PM IST

Telcos likely to show little interest in upcoming spectrum auction

The telcos already have ample spectrum with them. With little scope for 5G monetisation, telecom companies do not see the need to spend towards acquiring more spectrum

Telcos likely to show little interest in upcoming spectrum auction
Updated On : 26 Dec 2023 | 12:14 PM IST

Lack of real-life use cases preventing major telcos from charging for 5G

Telcos are looking for services that fully leverage 5G tech. In the absence of such services, the telcos have no option but to offer 5G services at 4G rates

Lack of real-life use cases preventing major telcos from charging for 5G
Updated On : 21 Nov 2023 | 1:09 PM IST

We have become a non-terrestrial player, ahead of competition: Jio

Says JioSpaceFiber will leverage fewer satellites to provide gigabit speed broadband service

We have become a non-terrestrial player, ahead of competition: Jio
Updated On : 29 Oct 2023 | 11:43 PM IST

Reliance Jio Infocomm Q2 results: Net profit rises 12% to Rs 5,058 crore

Reliance Jio Infocomm posts smallest profit rise in seven quarters

Reliance Jio Infocomm Q2 results: Net profit rises 12% to Rs 5,058 crore
Updated On : 27 Oct 2023 | 5:44 PM IST

JioSpaceFiber: Jio previews satellite-based internet connectivity at IMC 23

Jio said the service has already been available in four remotest locations in India - Gir Gujarat, Korba Chattisgarh, Nabrangpur Odissa, and ONGC-Jorhat Assam

JioSpaceFiber: Jio previews satellite-based internet connectivity at IMC 23
Updated On : 27 Oct 2023 | 10:50 AM IST

Jio Financial set to launch suite of loan products to expand footprint

JFS plans to launch auto, home loans and other products, as the billionaire Mukesh Ambani-backed company seeks to establish itself as a full-service financial services firm in a rapidly growing market

Jio Financial set to launch suite of loan products to expand footprint
Updated On : 17 Oct 2023 | 11:26 AM IST

Jio-Airtel battle for home Wi-Fi connections as they aim for higher Arpu

The mobile Arpu for Airtel stood at Rs 200 at the end of the first quarter of FY24. On the other hand, Airtels's Arpu for home services stood at Rs 608

Jio-Airtel battle for home Wi-Fi connections as they aim for higher Arpu
Updated On : 12 Oct 2023 | 11:53 AM IST

War in West Asia could raise cost of setting up 5G infrastructure in India

If the conflict lasts longer and turns more violent, the Indian rupee will likely dip around 3-4 per cent against the US dollar

War in West Asia could raise cost of setting up 5G infrastructure in India
Updated On : 12 Oct 2023 | 10:00 AM IST

Reliance Jio raises Rs 16,640 crore via offshore loans from HSBC, others

Earlier in September, Jio had also raised close to $2 billion from BNP Paribas

Reliance Jio raises Rs 16,640 crore via offshore loans from HSBC, others
Updated On : 03 Oct 2023 | 11:41 AM IST

Airtel logs 50 mn unique customers on 5G network; covers all states, UTs

Airtel had earlier targeted rolling out 5G services in all key towns and rural areas by September. Jio aims to reach every district and town with 5G by the end of 2023

Airtel logs 50 mn unique customers on 5G network; covers all states, UTs
Updated On : 01 Oct 2023 | 4:54 PM IST

Starlink to get licence to offer satellite internet by next month

After getting the license, Starlink will become eligible for spectrum allocation, after which it can start providing satellite broadband services

Starlink to get licence to offer satellite internet by next month
Updated On : 28 Sep 2023 | 10:48 AM IST

VI pays 50% of spectrum usage, licence charges; struggles to raise funds

Vodafone Idea has found it difficult to raise funds in the past two years which has hurt its ability to expand its 4G network and begin the 5G rollout

VI pays 50% of spectrum usage, licence charges; struggles to raise funds
Updated On : 09 Sep 2023 | 10:57 AM IST

Reliance Jio, Nvidia to develop AI infrastructure in India, for India

Nvidia will provide the Superchips and computers and Reliance Jio will take care of the applications and services

Reliance Jio, Nvidia to develop AI infrastructure in India, for India
Updated On : 08 Sep 2023 | 3:32 PM IST

RIL AGM LIVE: Mukesh Ambani to remain CMD for 5 years, mentor new leaders

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

RIL AGM LIVE: Mukesh Ambani to remain CMD for 5 years, mentor new leaders
Updated On : 28 Aug 2023 | 4:01 PM IST

Reliance AGM 2023 today: Here are the key takeaways from last year's meet

RIL AGM 2023: Ahead of RIL AGM, it is necessary to take a look back at the key announcements made by Ambani at RIL AGM 2022

Reliance AGM 2023 today: Here are the key takeaways from last year's meet
Updated On : 28 Aug 2023 | 10:51 AM IST