Bharti Airtel rejects Jio view on commercial usage of allocated satcom spectrum
Vodafone Idea (Vi) plans to raise funds via a preferential share issue on April 6, following shareholders' approval of a proposal to raise ₹20,000 crore through equity and equity-linked instruments. The company expects to complete the equity fund raise by the end of June, with promoters expected to infuse around ₹2,000 crore. Key Points
Economic TimesAirtel preparing for tariff hike post elections, Jio to focus on greater data usage: Report
Jio is expected to focus on initiatives that encourage greater data usage, enticing users to transition to higher-tier packages. This strategy is anticipated to enhance Jio's average revenue per user. Key Points
mintJio urges Centre, Trai to ensure adequate spectrum for telcos
The government plans to auction 10.5 GHz of 5G spectrum in eight bands - 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz and 26 GHz. The airwaves are worth ₹96,317.65 crore at reserve price. Sub-GHz airwaves in the coveted 700/600 MHz bands, though, are not on offer this time. Jio's Oommen also called on the government to expedite steps to prevent rampant fibre cuts and penalise those responsible, warning that vital telecom infrastructure was getting destroyed nationally. Key Points
Economic TimesJio Financial crosses Rs 2 lakh crore barrier as share price jumps 22% in 1 week
Shares of Mukesh Ambani's Jio Financial Services rallied 14.5% to a fresh peak of Rs 347, crossing the Rs 2 lakh crore market cap mark. Jio may acquire Paytm wallet business. Jio Payments Bank operates with digital savings accounts, bill payments, and debit cards. Jio launched Jio Voice box, implemented QR codes, and conducted sandbox for loans. Key Points
Economic TimesTelcos free to take a call on shutting down 2G services, says DoT
Experts feel that 2G technology is likely to remain mainstream in India at least for the next two-three years as a good number of people still use it, particularly those who can't afford a smartphone. As per industry data, around 50 million 2G phones are sold in a year while there are over 500,000 2G base tower stations in the country, majority owned by Bharti Airtel, followed by Vodafone Idea and state-run BSNL/MTNL. Key Points
Economic Times
Ambanis eyeing Paytm wallet? Jio Financial shares jump over 8% on report saying so
Fintech major Paytm has been facing an existential crisis ever since the RBI barred the payment bank from accepting any deposits or credits to customer accounts. The regulator is also said to be considering cancelling the banking licence as well on possible money laundering and know-your-customer (KYC) violations at Paytm. Key Points
Economic TimesFocus on subscriber additions could be hurting Jio's ARPU
Jio's ARPU remained flat sequentially at ₹181.7 in the quarter ended December 2023. The telco added 11.2 million users in the quarter, largely driven by strong adoption of the sub-₹1,000 JioBharat feature phone. Key Points
Economic TimesSolid Q3 growth for Jio
The telecom carrier’s average revenue per user (APRU) remained flat at ₹181.7 sequentially, missing estimates of a rise to ₹183. Key Points
mintReliance Jio announces new annual recharge plan for Rs 2999: Check out the benefits
Reliance Jio announces a special Republic Day annual recharge plan of Rs 2999, offering 2.5 GB of 4G data, unlimited 5G data, and unlimited calls for 365 days. Key Points
India TodayReliance Jio may get approval to launch satcom services soon
Jio has made all necessary submissions to IN-SPACe, the space industry regulator, and the required authorisations are expected soon, one of the people cited earlier told ET. The authorisations are mandatory for deploying global satellite bandwidth capacity in India. Key Points
Economic Times
Weekly Tech recap: Jio's New Year Plan, Tesla robot incident and more
Here is a weekly tech recap from the world of AI and technology. The New York Times sues Microsoft and OpenAI for alleged unauthorized use of content in AI models. Meanwhile, Reliance Jio and IIT-Bombay launch 'Bharat GPT,' and Apple resolves a patent dispute and others. Key Points
mintJio is working on Bharat GPT to rival ChatGPT and OS for televisions will launch soon, says Akash Ambani
Akash Ambani, chairman of Reliance Jio Infocomm has revealed that the company is working on the 'Bharat GPT' program in collaboration with the Indian Institute of Technology-Bombay. He shared this development during a recent address at the institute's annual Techfest. Key Points
India TodayboAt Lunar Pro LTE smartwatch with Jio eSIM compatibility launched in India
India's leading wearable brand, boAt, partners with telecom giant Jio to launch the Lunar Pro LTE smartwatch with eSIM compatibility. The innovative device promises seamless connectivity and comprehensive fitness tracking capabilities. Key Points
India TodayAmbani versus Mittal: The war in the skies is now spreading to space
Reliance Jio and Bharti Airtel escalate rivalry as Bharti-backed OneWeb India, a part of Eutelsat Group, secures IN-SPACe approval for satellite broadband services. The milestone, following OneWeb's merger with Eutelsat, marks the first nod in India. IN-SPACe's approval is crucial for satellite service providers, enhancing competition in India's telecom sector. Key Points
Economic TimesJio AirFiber offers free Netflix and Amazon Prime with select plans: Check price and other details
Reliance Jio has introduced AirFiber plans with complimentary Netflix and Amazon Prime subscriptions. The service aims to provide high-speed internet and OTT benefits without the need for separate subscriptions. Key Points
India Today
Jio AirFiber now available in 115 Indian cities: Plans, price and other details
Jio AirFiber,is now available in 115 cities across India. The service offers two plan options, with various pricing options and speeds up to 1.5 Gbps. Key Points
India TodayNow get free Swiggy Lite subscription with Rs 866 Reliance Jio prepaid plan: Details inside
Jio, India's leading telecom operator, has launched a new prepaid plan that includes a Swiggy One Lite subscription. This partnership offers Jio prepaid customers a comprehensive entertainment and food delivery experience during the festive season. Key Points
India TodayJio AirFiber is reaching consumers: How to get it, availability, speed you get and everything else to know
Jio's new wireless internet service, Jio AirFiber, brings high-speed connectivity to areas where wired connections are a challenge. The service offers impressive speeds, easy installation, and extensive coverage compared to Jio Fiber. Key Points
India TodayJio working with Nokia, others for affordable 4G mobile push: Senior executive
We wanted to establish the product in the market and in the minds of the consumer, so they could associate with it, relate with it...Today, all brands, whether it's Itel, Lava or Nokia, are in touch with us in terms of how do we make it happen, Sunil Dutt, president (devices division) at Reliance Jio, told ET. Key Points
Economic TimesJioMotive with real-time car location tracker, theft alert launched: Price, availability and more
In a significant move that's set to improve the experience of Indian car owners, Reliance Jio has unveiled a new JioMotive (2023) device. It comes with location tracking feature for cars and theft alert too. Here is the price and other details. Key Points
India Today
Reliance bets big on AI to power its consumer finance business
A separate tech team is fine-tuning AI to match investors and their risk appetite and suggest investment products accordingly. We have a consumer data mine with us. Jio will also take a lot of technology intelligence from BlackRock, officials said. We have already begun using bots in some of our other businesses but how deeper can we use AI is work in progress, an official close to the development said. Jio Financial Services did not comment. Key Points
Economic TimesJio Prima 4G phone launched in India at Rs 2,599: check price, availability and specs
Reliance Jio has launched its latest feature phone, the JioPhone Prima 4G. It features a 2.4-inch display and is powered by an ARM Cortex-A53 processor. Key Points
India TodayJio Platforms Q2 net profit rises 12 pc to Rs 5,297 cr
New Delhi, Oct 27 (PTI) Digital services company Jio Platforms on Friday posted a 12 per cent increase in the second quarter net profit at Rs 5,297 crore, mainly on account of growth in customers. The company had posted a net profit of Rs 4,729 crore in the same period a year ago. The revenue […] Key Points
ThePrintJioSpaceFiber, India's first satellite-based gigabit broadband is here: Important details
For this project, Jio has partnered with SES, a Luxembourg-based satellite telecommunications network provider. With this partnership, Jio would be able to tap into the cutting-edge Medium Earth Orbit (MEO) satellite technology that can deliver gigabit-speed internet services from space. To showcase the capabilities of JioSpaceFiber, the service has already been connected to four of India's most remote locations: Gir in Gujarat, Korba in Chhattisgarh, Nabarangpur in Odisha, and ONGC-Jorhat in Assam. Key Points
Economic TimesJio Financial shares jump 4% after first post-listing earnings. What brokerages say
JFSL holds a 3.56% stake in RIL through its 100% subsidiary, Reliance Industrial Investments and Holdings Ltd (RIIHL), and another 2.54% stake through associates, where RIIHL is the sole beneficiary. Key Points
Economic Times
Billionaire Bets That a $12 Mobile Phone Can Get More of the World’s Most Populous Country Online
Smartphones are financially out of reach for millions of people in India. Mukesh Ambani’s Reliance Jio Infocomm’s new device can stream music and video. Key Points
mintJio raises close to $2-billion offshore loan
Reliance Jio has secured a loan of about $2 billion, one of India's largest offshore loans in FY24. The loan, arranged by HSBC, will be used to fund the purchase of 5G network equipment from Nokia. Finnish export credit agency Finnvera is believed to have provided insurance coverage for the deal, reducing Jio's overall funding costs. Key Points
Economic TimesJio cements rural dominance in July; JioBharat likely adding to growth, analysts say
Reliance Jio continues to dominate rural India as the only telecom operator to gain mobile users in July, while Bharti Airtel and Vodafone Idea lost customers. This can be attributed to Jio's budget feature phone, JioBharat, which appeals to entry-level mobile users. Jio added 2 million rural mobile users, bringing its total to 194.73 million, while Airtel and Vi's user bases declined. Key Points
Economic TimesJio plans another disruption with Air Fiber that can declutter homes, but add to rival's web of worries
In the same month that Bharti Airtel launched its Xstream AirFiber, Reliance Industries Chairman Mukesh Ambani has announced a similar product in the Reliance Jio AirFiber. While the FWA market is still finding its feet in India, reports of cut-throat pricing indicate the industry leader is aiming for another disruption in the nascent market. Key Points
Economic TimesMukesh Ambani's groundbreaking AI announcement: A message to OpenAI CEO Sam Altman
Reliance Industries' Jio will introduce AI systems similar to OpenAI's ChatGPT, according to Chairman Mukesh Ambani. This comes after OpenAI CEO Sam Altman's comments on India's AI efforts. Key Points
mint
How Akash Ambani is helping Jio's subscriber base scale new heights
Under his leadership, Jio has achieved a subscriber base of 450 million, including 50 million 5G users. The company has also launched Jio True 5G, providing coverage to 96% of census towns and aiming for pan-India 5G coverage by December 2023. Additionally, Jio's average revenue per user has increased since Ambani's appointment. Key Points
Economic Times‘Invested $150 billion in last 10 years,’ Mukesh Ambani tells shareholders at RIL’s 46th AGM
The company board has also recommended Ambani children Isha, Akash and Anant to join as non-executive directors of the oil-to-tech conglomerate. Nita Ambani will step down. Key Points
ThePrintRIL AGM Quick Guide: Check the big announcements
Reliance Industries Limited (RIL) on Monday held its 46th Annual General Meeting (AGM) for its shareholders. This AGM comes just weeks after the listing of Jio Financial Services on India's stock exchanges. The company's chairman and managing director, Mukesh Ambani, made several important announcements to drive growth. Here are the key highlights from the announcements made by Reliance Industries. Key Points
Economic TimesRIL AGM: Jio to roll out one million 5G cells across India by December'23, says Mukesh Ambani
Reliance chairman Mukesh Ambani on Monday said that RIL's telecom unit, Jio, will be rolling out one million 5G cells by December, 2023. The remark came while Ambani was addressing the 46th annual general meeting of the company. 85% of total 5G cellls operating in India are of Jio. We will have nearly one million 5G cells by December 2023, he said. Key Points
Economic TimesReliance AGM: Jio AirFiber services to be launched on Sept 19, says Mukesh Ambani
Reliance Industries' chairman Mukesh Ambani on Monday said that Jio AirFiber will be launched on the occasion of Ganesh Chaturthi, i.e., September 19, 2023. The announcement came while Ambani was addressing the 46th annual general meeting of the company. Key Points
Economic Times
Long-term investors can start nibbling in Jio Financial: Nischal Maheshwari
Market will look out for further indication for listing of other Reliance subsidiaries like retail and telecom. Coming to Jio Financial, Maheshwari says we know the reach of Jio, the backing of the group, as well as their vast other businesses which will all support Jio basically in this endeavour. So, all in all, it looks very positive to me. Every fall in Jio should be looked at as a buying opportunity. Key Points
Economic TimesReliance AGM: Take a look at what may be on the cards for its telecom arm, Jio
Reliance's Jio aims to scale up its 5G game and monetize it during its Annual General Meeting. The company plans to achieve pan India coverage for its True 5G by December 2023. Jio has already deployed over 1,15,000 5G sites across multiple bands. It may introduce separate 5G packs for data, phone calls, roaming, and messaging. Key Points
Economic TimesWill Jio Financial’s entry into MSCI, FTSE elite group change anything for index fund trackers?
As funds owning RIL stock already have Jio Financial shares, there will be no fresh adjustments in their portfolio. As a result, no fresh inflows or outflows is likely with respect to FTSE and MSCI. Key Points
Economic TimesJio may launch fixed wireless access device for retail users at 20% discount to market rates
Reliance Jio is expected to launch its fixed wireless access (FWA) device, Jio AirFiber, for the consumer market in the festive quarter at a discounted price of up to 20%. The device will use carrier aggregation technology and will be launched after completing consumer trials and stabilizing its 5G rollout. This move is seen as Jio's main effort to monetize 5G. The FWA market in India is expected to grow significantly given the country's high data consumption and vast geography. Key Points
Economic TimesJio Financial lists on D-St, falls 5% on expected passive fund selling
The shares which listed earlier than anticipated fell to ₹251.75 on the BSE, giving it a market value of ₹1.6 lakh crore, after opening trade at ₹265 apiece. The company, which has multiple lines of business in finance, was spun off from Reliance Industries. Key Points
Economic Times
Jio launches Netflix subscription on prepaid plans
Reliance Industries' telecom unit, Jio, on Friday announced the launch of Jio prepaid plans with a bundled Netflix subscription, the company said in a release. A Netflix subscription is already available on select Jio Postpaid and Jio Fiber plans, but this is the first time that a Netflix subscription will be available on a prepaid plan. Key Points
Economic TimesJio brings two prepaid plans with Netflix subscription, price starts at ₹1,099
Reliance Jio has launched two new prepaid plans, priced at ₹1,099 and ₹1,499, that come bundled with a Netflix subscription. This is the first time Netflix is being offered on a prepaid plan. Key Points
mintPankaj Murarka on what to expect on Jio Financial listing and more
The initial euphoria that will surround the listing of Jio Financial will settle over the next four to six weeks, during which Jio Financial stocks might move from weaker hands to stronger ones. It is only a matter of time before the retail and Jio demergers follow. While Jio is expected to be amongst the leading financial players for different segments of financials in 10 years, investors should still wait for a while before buying it. Key Points
Economic TimesNew Jio Phones get BIS certification, tipped to launch soon
Reliance set to launch new Jio smartphones in India, expected to be powered by Snapdragon 480 SoC with 4GB RAM and 32GB storage. Certification obtained from BIS website. Announcement likely at AGM on August 28. Key Points
mintAirtel beats Jio in race for postpaid users in Q1
Airtel added 0.8 million postpaid users in the June quarter. While Jio does not disclose its postpaid subscriber base, it has said that a bulk of new Jio Fiber (Jio fibre-to-the-home business) users were on postpaid plans. As per the sector regulator's May end data, Jio added 0.59 million wired broadband users over April and May to take its total use base to around 9 million. Key Points
Economic Times
Jio ties up $2.2 bln funding from Swedish Export Credit Agency (EKN) for 5G gear buy
“RJIL tied up its first ever Swedish Export Credit Agency (EKN) supported facilities of $2.2 billion equivalent making it the largest cover ever provided by EKN for a deal to a private corporate globally,” the Mukesh Ambani-owned conglomerate said in its annual report for FY23. Key Points
Economic TimesMukesh Ambani might need a different playbook for Jio moment in AMC business
As Ambanis Jio Financial and US-based BlackRock, the worlds largest asset manager, team up to take on Indias asset management industrys well-entrenched incumbents, corporate watchers are wondering whether this is the Jio Moment for the asset management space. While the scope for Jio BlackRock is immense, it will require more than just repeating the playbook Reliance used in telecom and retail to replicate that success. Key Points
Economic TimesReliance Jio phone push may delay tariff hike: Analysts
They added that Jio's sharp focus on subscriber adds will continue to help it gain a wider user base but will further challenge average revenue per user (ARPU) growth in the absence of hikes. The JioBharat platform is ready to scale up with a successful initial trial of 1 million devices, brokerage firm BNP Paribas said in a report after the telco's fiscal first-quarter (Q1FY24) results announced Friday. Key Points
Economic TimesReliance Jio posts slowest profit, revenue growth in six quarters
Reliance Jio Infocomm, the telecom arm of Indian billionaire Mukesh Ambani's Reliance Industries (RELI.NS), reported its slowest profit and revenue growth in six quarters on Friday, hit by higher expenses and a lack of recent tariff hikes. Key Points
ReutersBonus share for Nifty 50/Sensex with JFSL entry; will passive investors be impacted?
Stock exchanges conducted a special pre-open session in shares of RIL between 9 AM and 9:45 AM to derive the price of Jio Financial.The price of Jio Financial was calculated based on the difference between Wednesdays close price of RIL and the price discovered in the special pre-open session. Key Points
Economic Times
Jio Financial set to shake up lending; Dunzo crisis deepens
The winds of change blowing through the Indian credit industry might blow some off their perch. Mukesh Ambanis Reliance Industries is targeting the digital lending sector for its next disruption with a separate entity named Jio Financial Services. This and more in todays ETtech Morning Dispatch. Key Points
Economic Times'Jio opts for competitive rates, Airtel takes premium road to drive ARPU'
Earlier this year, Jio made an aggressive play for the post-paid market by introducing competitively priced plans with family usage features and value-added benefits like subscription to over-the-top streaming services. Jio's current post-paid user base is estimated under 3% of its total user base. Key Points
Economic TimesHigher data usage & 4G additions to boost Airtel, Jio revenues in Q1
Jio and Airtel also have a headstart over Vi on the 5G services front, having covered over 6,000 and 3,500 cities/towns respectively. Vi hasn't even announced a launch date, shackled by its delayed fundraise. Key Points
Economic TimesReliance Jio Bharat, India's Cheapest 4G Phone goes on sale at ₹999! Check features, price and more
Reliance Jio has launched the budget-friendly Jio Bharat 4G phone for ₹999. The phone comes in two variants and is available for purchase in select locations. Jio has also introduced the Jio Bharat Mobile Plan, offering 500 MB of daily data and unlimited calling for ₹123 per month. Key Points
mintJio launches 'India's most affordable 4G phone': Here is how to buy Jio Bharat phone at just Rs 999
Reliance Jio has launched affordable Jio Bharat phones to accelerate the '2G Mukt Bharat' vision. The internet-enabled phone will be available for just Rs 999 with a monthly plan of Rs 123 for unlimited voice calls and 14 GB data. The company is offering 30% cheaper monthly plans and seven times more data compared to other operators Key Points
Economic Times/cloudfront-us-east-2.images.arcpublishing.com/reuters/PFZTJFI5YNIZPLJDKSSFLHGZGI.jpg)
India's Jio set to sign $1.7 bln deal with Nokia for 5G equipment - Economic Times
India's Reliance Jio Infocomm is likely to sign a contract worth $1.7 billion with Nokia this week to purchase 5G network equipment, the Economic Times reported on Thursday, citing people aware of the matter. Key Points
ReutersJio likely to sign 5G gear deal with Nokia for $1.7 billion
Reliance Jio Infocomm is set to sign a $1.7bn deal with Nokia this week to purchase 5G network equipment. This follows the $2.1bn worth of equipment ordered by the Indian telecom operator from Ericsson in its attempt to roll out 5G across India this year. The company has already purchased 5G spectrum and plans to invest $25bn in 5G infrastructure, making its standalone mode the sole holder of the 700 MHz band in the country. Key Points
Economic TimesAnalysts see market share gain for Jio post Bharat phone launch; lower probability of tariff hike in near-
Reliance Jio's launch of internet-enabled Jio Bharat phones at an affordable price could lead to a gain in market share for the company in the lower end of the market at the expense of rival companies such as Airtel and Vodafone Idea (VIL). The phone's monthly plan of INR 123 ($1.70) for unlimited voice calls and 14 GB of data aims to accelerate the 2G Mukt Bharat vision. Key Points
Economic TimesWith Jio Bharat phones Jio announces new 4G prepaid plans: check price, validity, and other details
Reliance Jio has recently launched two Jio Bharat 4G phones in India for just Rs 999. The company says its new phones are designed to make India free of 2G (2G-Mukt) with its 4G services. Key Points
India TodayJio Bharat 4G phones launched in India at Rs 999: 5 things to know
One of the Jio Bharat phones is created with Indian manufacturer Karbonn. Jio says other manufacturers will also get to adopt the 'Jio Bharat platform' to build 'Jio Bharat phones.' Key Points
India Today