Thursday, March 28

Search Results for: reliance jio

Reliance Jio Launch Delay Frustrating Investors: Citi Group Report

IANS- The excessive delay in Reliance Jio’s commercial launch is frustrating investors, a Citi Group report said. “The ensuing delay could be testing investors’ patience. It raises concerns of Jio further eroding its first mover advantage. The capital expenditure targets also continue to go up,” the report said. The delay is expected to be on […]

Reliance Jio Will Be Ready to Commercially Launch in 2016: Mukesh Ambani

New Delhi: Mukesh Ambani, India’s richest person, has said Reliance Jio will be ready to commercially launch its much talked about 4G telecom services in second half of 2016, offering 80% of Indians high-speed mobile Internet as well as voice services. Reliance Jio had, in late December, unveiled fourth generation (4G) service for its employees, marking […]

Reliance Industries to Inject Rs 60,000 Crore Capital in Jio

Reliance Industries is set to pour Rs 60,000 crore capital in its telecom business, Jio, this fiscal year as the company wishes to roll out its broadband services and expand its wireless network faster, according to two people close to the company. Additionally, Reliance Jio Infocomm Ltd might also borrow the astronomical sum of Rs […]

Reliance Sees Telecoms Arm Jio Turning Profitable ‘Shortly’

Reliance Industries Ltd’s telecoms arm Jio will turn profitable “shortly,” the Indian conglomerate said on Friday, while adding it would continue to pump around $1 billion into the venture for each of the next few quarters. Jio launched late last year with free voice and cut-price data, sparking a price war in India’s cut-throat telecoms […]

Mukesh Ambani Launches Free Jio Phone At Reliance AGM

The much awaited Reliance Jio phone was launched by  Akash Ambani and Isha Ambani, Mukuesh Ambani’s son and daughter at the Annual Grand Meeting this morning. The Jio Phone will help achieve PM Modi’s dream of ‘Made In India’ said Akash at the AGM. The phone will support 22 languages, and will be available nation wide […]

Reliance Retail to acquire 40.95% stake in Just Dial

Mumbai, Jul 18th, 2021: Reliance Retail Ventures Ltd (RRVL) will acquire a 40.95 percent stake in Just Dial for around $500 million to bolstering its digital services in India. Reliance investment in Just Dial is part of the conglomerate’s digital bet. Over the past many quarters, Reliance has announced a number of investments in companies […]