Rjio

RIL 43rd AGM: Jio biz update, bonus, Aramco deal details. What's in store?

So far, RIL has raised a record Rs 1.18 trillion in less than three months by selling 25.24 per cent stake in Jio Platforms.

Competition Commission approves Facebook's 9.99% stake purchase in Jio

Jio Platforms was created in October last year to house all-digital initiative of Reliance

Reliance Industries hits new high; market-cap crosses Rs 11 trillion

RIL raised over Rs 168,818 crore in just 58 days become net debt-free company. Mukesh Ambani now plans to list the telecom and retail businesses in the next five years

Silver Lake raises stake in Jio platforms, invests additional Rs 4,546 cr

Reliance Industries in a statement said with this, aggregrate investment by Silver Lake in Jio Platforms will be Rs 10,202.55 crore

After Facebook, Silver Lake to invest Rs 5,656 cr in Reliance Jio Platforms

The deal comes less than two weeks after Facebook made an investment of $5.7 billion to buy a minority stake in Jio Platforms

I-T dept to move SC against Reliance Jio's plan to sell stake in tower arm

Mumbai, 24 DecemberReliance Jio Infocomm's plan to reduce debt by selling stake in its telecom tower arm to Canadian investor fund Brookfield isn't free of the income tax (I-T) department hurdle. The latter plans to petition the Supreme Court against the National Company Law Appellate Tribunal (NCLAT) order of December 20 which cleared Jio's proposed demerger of tower and fibre optic network assets to two infrastructure trusts. The clearance was in spite of I-T objections. The department argued that the proposed conversion of preference shares worth Rs 65,000 crore by Jio - by cancelling and then converting these into loans -- would substantially reduce the profit of the demerged company. And, so, cause huge loss of revenue to the department. In sum, a move to avoid and evade taxes, it contended. Jio denied the charges. An e-mail sent this week by this publication to Reliance for its views on the issue did not elicit a response.In July this year, Brookfield had said it would pay Rs ..

Valuation of Jio's digital business expected to improve, say analysts

This is a sequel to Friday's announcement from RIL on a structure to make Jio debt-free. This is seen as a move towards a likely listing of the latter's shares

RIL debt reallocation a step towards Reliance Jio monetisation: Emkay

RIL has announced that it's setting up a wholly-owned subsidiary called 'Jio Platforms Limited' for its digital platform initiatives

J&K impact: Active telecom user base falls in August, shows Trai data

Jio was the only operator to add 7.2 million active subscribers in August 2019

Rising user base adds colour to Jio Q2 show; net profit up 45% to Rs 990 cr

Customer growth offset impact of ARPU decline

Reliance Jio Q2 net up 45.4% at Rs 990 crore on strong subscriber base

The operating revenue of the company increased by 33.7 per cent to Rs 12,354 crore

RIL becomes first Indian firm to hit Rs 9 trn m-cap; stock up 27% in CY19

The Mukesh Ambani-led company is slated to release its September quarter results later in the day where it is expected to report a strong quarter for the July-September period.

Uncertain over IUC regime, Jio to charge for calls to other networks

This will effectively end one of Jio key disruptive strategies - free voice call

Bad news for Jio users as calls to rival networks won't be free anymore

After Trai consultation paper on review of IUC regime timeline, Reliance Jio has decided to charge users 6 paise a minute for calls to rival networks

Reliance Industries gains 5% as Morgan Stanley maintains overweight stance

Analysts at Morgan Stanley expect recovery in energy earnings after the trough (both refining and petrochemicals) seen in Q1FY20

Changing optics of telecom war: RJio, Airtel compete for broadband biz

Going beyond the hype of the Jio launch, this means that the two rivals could be neck-and-neck in terms of acquisition of FTTH subscribers if their plans fructify

Unnerved by Reliance Jio offer, leading multiplex companies hit back

Say will not screen films that are released on OTT simultaneously

RIL AGM: Jio GigaFiber services from Sept 5; Aramco to invest $15 billion

Mukesh Ambani, the chairman of the group announced that Saudi Aramco will invest to take a 20% stake in the group's oil to chemicals (O2C) business at a $75 billion enterprise value.

Synergies with Reliance Jio business to catapult RIL's retail story

The telecom venture, amongst other sub-segments, has helped the revenue build up immensely

Jio effect: 5 things that show telecom sector will never be the same again

If the December quarter was bad for the telecom sector, the March quarter could be worse