Page 8 - Reliance Jio

Reliance Jio takes a bold call on financial services amid tough competition

By separating financial services from its core business through the listing, RIL wants to keep it at arm's length, which would be a necessary regulatory requirement for the financial services business

Jio offers to deposit Rs 3,720 cr in escrow account to acquire RCom assets

Telecom operator Jio has proposed to deposit Rs 3,720 crore in an escrow account to complete the acquisition of Reliance Infratel which is undergoing liquidation process. Billionaire Mukesh Dhirubhai Ambani-run Jio placed the bid of Rs 3,720 crore in November 2019 to acquire tower and fibre asset of debt-ridden subsidiary of his younger brother Anil Ambani managed firm Reliance Communications. Jio's subsidiary Reliance Projects and Property Management Services in an application before NCLT last month said that the company is committed to and is willing to implement the resolution plan of Reliance Infratel, which was approved by the committee of creditors earlier. Jio said delay in acquisition of RITL (Reliance Infratel Ltd) assets due to inter-creditor disputes will deteriorate the value of assets. "In order to avoid any further delays, the applicant proposes to deposit the total resolution amount in an account with State Bank of India as was directed by this hon'ble tribunal in th

Telecom operators to step up pace of 5G network rollout from December

Number of towers may be increased to 10K per week by Jan

K V Kamath is independent director of RIL, non-exec head of financial arm

Reliance Strategic Investments, of which he is the non-executive chairman, will be renamed Jio Financial Services Ltd, and will be listed on the bourses pursuant to a demerger scheme

Reliance Strategic Investments appoints K V Kamath as Independent Director

Kamath served as Chairman of Infosys. In 2015 he was appointed as the first President of the New Development Bank set up by the BRICS countries from where he retired in 2020

Vodafone Idea Q2 loss widens to Rs 7,595 crore on higher expenses

Gross revenue in the second quarter of FY23 increased by 12.8 per cent YoY to Rs 10,614 crore

Jio 5G network significantly better than Airtel, shows Ookla 5G test report

Jio's 5G network using the C-band results in performance ranging between 606.53 Mbps and 875.26 Mbps median download speed

To improve ARPU, telcos to hike tariffs more frequently in FY23: Report

Reliance Jio is most likely to lead the hikes as it is now focussing on profitability and aims to launch an IPO in next couple of years

Indian iPhone users may get to use 5G services starting next week

Apple Inc made the commitment at a meeting of key mobile device makers called by the DoT on Wednesday

Modi says India best for investments; JSW, Adani commit Rs 1 trn in K'taka

JSW, Adani commit to spend over Rs 1 trn each in Karnataka over 5-7 years

Should you buy, sell or hold Bharti Airtel post September quarter numbers?

Here's how leading brokerages have interpreted Bharti Airtel's September 2022 quarter (Q2FY23) numbers

Bharti Airtel to focus on rural markets to narrow gap with Reliance Jio

Decision on differential 5G pricing may be taken after 6-9 months: Vittal

Landlines in the time of 5G: Private sector getting serious about business

The latest data from the Telecom Regulatory Authority of India (Trai) showed Reliance Jio at 28.31% market share in wireline subscribers, ahead of BSNL at 27.46% and Bharti Airtel at 23.86%

After 5G, here's how Ambani will use financial services to tighten DNA loop

A successful fintech loans platform draws upon what the Bank for International Settlements calls a self-reinforcing "DNA loop," shorthand for data, network and activity

OTT apps: COAI bats for 'same service, same rules' under draft telecom Bill

Industry body argues for 'same service, same rules', says current disparities give OTT players privileges but not responsibilities

At 10-20%, telecom tariff hikes in 2022 expected to be lower than in 2021

Tariffs are hiked by telcos to maintain a healthy average revenue per user (ARPU)

Reliance Jio starts rolling out 5G-enabled public wi-fi in Rajasthan

Reliance Jio has launched 5G-enabled wi-fi service at temple town of Nathdwara in Rajasthan and it will be expanded to other public places with high footfalls like railway stations and educational institutions, the company said on Saturday. Jio has also started rolling out 5G services in Chennai. The company has extended the Jio Welcome offer to the city. Under the offer, customers with invitation only will get access to 5G service during the beta trial and they will be able to access unlimited 5G data at up to 1 gigabit per second. "Today, we have powered the first True5G-enabled wi-fi service at the holy town of Nathdwara and the temple of Lord Srinath Ji. With this, we will power many more such locations and allow them to trial our services. In addition, we welcome Chennai as our latest city to be added to the Jio True5G Welcome Offer," Reliance Jio Chairman Akash M Ambani said in a statement. The company said it is introducing "JioTrue5G-powered wi-fi services" in high footfall

LIVE: Taking new initiatives to shield India from global problems, says PM

From Reliance Jio's 5G services launch in Rajasthan to coronavirus cases, catch all the latest developments from across the globe here

Akash Ambani to launch Reliance Jio's 5G services in Rajasthan today

Reliance Jio Chairman Akash Ambani will launch 5G services in Rajasthan from the famous Shrinathji temple in Nathdwara, Rajsamand today

Vodafone Idea gets board of directors' nod to raise Rs 1,600 cr from ATC

Board approves issue of debentures