Tag Archives: Reliance

Reliance Infrastructure’s focus on a few businesses will shore up its valuation

Reliance Infrastructure, which has been trying to build its focus on selected segments, is now in news amid talks about Greenko Group being interested in buying its Mumbai electricity business for an enterprise value of Rs 10000-13000 crore. Greenko is a home-grown power company owning and operating 2500 MW of power generation capacity. Earlier Reliance Infrastructure had indicated in its investor Read More

Reliance Jio Offers Up to 10GB of Additional Data to Oppo Smartphone Customers

HIGHLIGHTS Users can avail additional data for up to 6 Jio recharges The benefits will be available till validity of Jio Prime Membership Customers can avail maximum of 60GB of additional data Before the bookings of Jio Phone start, Oppo announced on Thursday that the company has joined hands with Reliance Jio to offer special benefits to those customers who will purchase the company’s smartphones. With Read More

Reliance Jio crosses 50 million subscriber mark in 83 days

New Delhi: Emerging as the largest broadband operator in the country, Reliance Jio has crossed the 50 million subscriber mark in 83 days after its full-fledged 4G services launch. According to sources, Jio — setting a new record — has acquired 1,000 customers per minute (since September 05) and 6 lakh per day. “Jio continues to be the fastest growing company in the world and has crossed 50 million Read More

Reliance Jio’s Subscriber Growth Slows, Data Speeds Drop 50%

Reliance Jio Infocomm Ltd. may fall short of the target set by its chairman Mukesh Ambani of adding 100 million subscribers by December 2016. Data now shows that new subscriber additions have dropped after the post – launch frenzy, brokerage firm Motilal Oswal said in a report after meeting the telecom company’s management. New Strategy The country’s newest telecom operator Read More

Reliance LYF phone explosion: What is the Kashmir connection?

New Delhi: In a shocking incident, a 4G Lyf phone, sold by RIL’s retail arm Reliance Retail, reportedly exploded and burst into flames on Sunday. One Tanvir Sadiq, who describes himself on Twitter as the political secretary to the working president of the Jammu and Kashmir National Conference, on Sunday wrote on Twitter and shared photographs of his charred LYF phone. An explosion in Read More

Reliance may soon deliver Jio SIM to your doorstep: Report

r over two months now Reliance Jio has remained in news for both, good and bad reasons. On one hand Reliance Jio’s plans are exciting and free, till Dec 31, on the other hand people are still facing problems getting a SIM. Many, those who managed to get a SIM, have reported issues with SIM’s activation. But there may be Read More

Modi in Reliance Jio ad. Here’s how Twitterati reacted

On Friday morning, readers of several news dailies woke up to a full front page advertisement with Prime Minister Narendra Modi, dressed in a blue jacket, staring at them from under the words “Jio: Digital Life”. On Thursday, Reliance launched its 4G plan — Reliance Jio — and dedicated it to prime minister’s Digital India Campaign. “Our Prime Minister Narendra Read More

Reliance Jio 4G tariffs and services: This telecom war will benefit the customer for sure

India just received what can be considered a “best of both the worlds” in the form of Mukesh Ambani’s announcement of free calls and texts over the JIO network and the elimination of any roaming fee. This model has been prevalent in the United States and has worked beautifully for its consumers, the only downside being the exorbitant rentals. Reliance Read More

Existing operators released less number of ports for 4G test run: Reliance Jio

New entrant Reliance Jio Infocomm has accused existing operators of releasing lesser number of interconnection ports for the ongoing test run of its 4G services. “Based on industry practice, 12,500 E1 ports are required for 22 million subscribers, which details have been provided to the COAI member operators. As against this, the top 3 operators have released only 1,400 ports so far,” a Reliance Jio Spokesperson said Read More

Reliance Retail’s Q1 pre-tax profit jumps 21% to Rs 240 crore

Reliance Retail, the retail arm of Reliance Industries, on Friday reported a 21.21 per cent increase in its pre-tax profit at Rs 240 crore for the first quarter ended June 30. Reliance Retail had reported a PBDIT (profit before depreciation and income tax) of Rs 198 crore in the same period last fiscal. Reliance Retail’s turnover jumped by 45.80 per Read More