Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 15 per cent drop in second quarter net profit after the pandemic-hit oil demand dragged down continued good showing in consumer-facing businesses such as telecom.
Reliance Jio has launched new, revamped `JioPages', its Made-in-India mobile browser that is available in eight Indian languages and promises enhanced browsing experience while focusing on data privacy.
Qualcomm Technologies and Reliance Jio on October 21 announced they achieved over a 1 Gbps milestone speed on the Jio 5GNR solution, leveraging the Qualcomm 5G RAN Platforms.
Reliance Jio is planning to launch a 5G smartphone for less than Rs 5,000 and gradually reduce the price to Rs 2,500-3,000 a unit when it scales up the operation, according to a company official.
Although industry's overall wireless subscribers rose nearly 3.5 million in July -- the first month of such gains since February -- the total 'active subscribers' count in July actually fell 2.1 million, as per TRAI data.
Reliance's Jio Platforms has already blazed the trail with more than $20 billion investment in their digital business.
Mukesh Ambani-owned Reliance Jio has become the first mobile service provider in the country to cross 40 crore customers mark.
Reliance Jio has waived security fee deposit for postpaid customers who switch to its network from rival mobile service providers. The company will offer the same credit limit to the customer what it offers to its existing subscribers.
Amid the Covid-19 pandemic which hit India hard and led to a sharp economic contraction, half of the nation's 100 richest on the 2020 Forbes India Rich List saw gains. Their collective net worth rose 14 per cent to $517.5 billion from a year earlier, even as the benchmark BSE Sensex stock index remained flat from a year ago.
India's largest telecom operator Reliance Jio has partnered USP Studios, a content creator for kids, to strengthen the platform's offering for children. These include Kids First, Kids TV India, Junior Squad Kid Songs, Top Nursery Rhymes, Kids Channel India, Bob The Train, Little Treehouse Rhymes, and Farmees Nursery Rhymes.
The Jio smartphone, in collaboration with Google, is expected to launch this December and produce over 200 million smartphones by 2022
Jio recently introduced its Postpaid Plus plans that provide users with free Netflix, Amazon Prime Video, Disney+ Hotstar and more services
Reliance Jio is soon expected to launch around 200 million smartphones in two years that will come under Rs. 5,000
Jio's new Postpaid Plus plans that start at Rs. 399 a month includes free Netflix, Amazon Prime, Disney+ Hotstar and more benefits
Apart from the calling and data benefits, all customers recharging with these Cricket plans, will stand a chance to win cricket balls autographed by cricketing stars, on a daily basis.
Jio has a number of Cricket prepaid plans that offer free IPL 2020 live streaming and Disney+ Hotstar VIP subscription for a year. Read on to know more
Shares of Reliance Industries were in the limelight last week amid media reports that it has offered a 40 per cent stake in its retail arm worth about USD 20 billion to Amazon.com, which the company said was speculative.
The Supreme Court's decision to allow telcos to pay outstanding dues over 10 years will not be enough to help Vodafone Idea to stabilise its position, while Jio and Airtel are expected to strengthen their market shares through subscriber gains, Fitch Ratings has said. It further said another tariff hike of at least 20 per cent is probable in the next 12 months.
According to a research report by BofA Securities, in the last 4 years, with Jio, RIL has been able to build a "digital layer" on top of the existing "physical layer" of retail shops across electronics, grocery and apparels.
Vodafone Idea launched “Vi”, a new unified brand identity in India which will bet big on digital to attract customers and stem exits to rivals Bharti Airtel and Reliance Jio. Vodafone Idea, now VI, is renewing its focus after the AGR verdict a few days ago.
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