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Reliance Jio on a Hiring Spree of Experts Under Akash Ambani

4Jun By Gauri SinghNo Comments

BUSINESS

Reliance Jio on a Hiring Spree of Experts Under Akash Ambani

The Mukesh Ambani-led Reliance Jio Infocomm has started its hunt for a team of experts to work under Akash Ambani regarding the Artificial Intelligence (AI) of the firm. Apart from AI, the company is also seeking for young people to work on machine learning and blockchain technology (a digital ledger in which transactions are recorded). It has been reported that Reliance Jio has already appointed some of the senior officials who are responsible for building this team. Akash Ambani is interestingly getting involved in this process and is being assumed to lead the initiative. The company is planning to set up this team in either of the two cities – Hyderabad or Bengaluru. An artificial intelligence (AI) oriented brand engagement platform called ‘JioInteract’ was launched by Reliance Ji...

Jio To Offer Cheap Broadband, Calls, Videos under Rs. 1,000/month

30May By Lavina TolaniNo Comments

News

Jio To Offer Cheap Broadband, Calls, Videos under Rs. 1,000/month

After shaking the telecom market with a new kind of data revolution in the country, Reliance Jio has once again created a buzz as it is about to offer internet, videos and voice call for less than Rs 1000 a month. Such a disruptive offering will not only amp up competition in the telecom sector but surely give an edge to Jio over rival broadband and DTH players. Considering a move targeted on bundled tariffs, a report published on a popular daily has said that the internet telco is venturing into wider internet segment by the end of this year. This will also bring Jio's fibre-to-the-home (services) under unlimited calling through a VoIP (Voice over Internet Protocol) phone as well as JioTV. Reliance Jio presently offers free broadband within unlimited internet at 100 Mbps against ...

Reliance Jio To Go Global, Eyeing to Capture European Market

22May By Lavina TolaniNo Comments

BUSINESS

Reliance Jio To Go Global, Eyeing to Capture European Market

After bringing a data boom in the telecom market with cheap offers and a lot of freebies, Mukesh Ambani led company Reliance Jio is now eyeing to expand in Europe. If reports are to be believed, the company is in plans to build a subsidiary in Estonia, a small country in Europe which is a prominent hub for startups owing to its unique digital policies. IANS has reported that Ambani has interestingly shown interest in an e-residency programme of Estonia which will give him an easy gateway to European Estonia for his existing business. The report cited that Ambani met Estonian delegation and expressed intentions over a future collaboration that could boost e-governance solutions in India. Estonia- A Business Opportunity for Reliance? Though Estonia is a too small...

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

7May By Sheldan RungasamyNo Comments

BUSINESS

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 1 trillion, according to those sources who wished to remain anonymous. “This is being done as Jio wants to fast-track its plan to scale up its capacity and coverage which would require further infusion of funds,” said one of the sources. Anshuman Thakur, head of strategy and planning at Jio did reveal in an interview on 27 April that the company would keep investing on laying fiber even though it already had the largest optical fiber network in India. ...

Delhi High Court Asks Airtel to Change IPL T20 Ads

15Apr By Lavina TolaniNo Comments

INDIA

Delhi High Court Asks Airtel to Change IPL T20 Ads

Bharti Airtel has been asked to change its Indian Premier League advertising campaign by Delhi High Court after allegation from Reliance Jio Infocomm declaring the ad campaign to be 'misleading', 'deceptive' and 'misrepresentative'.The company has argued that the content will incur data charges for the plan, hence it's not free unlike it is being stated as in the "ad campaign". In the Airtel promoted advertisement, it is being popularised that users can access T20 cricket coverage "live and free" for which all they need is a 4G Airtel SIM to download the TV app and get access to a virtual season of the coverage. "The deception and misinterpretation in the advertisement are aimed at enticing and luring the viewers to subscribe the defendant's telecom service (Airtel) and give it prefe...

Reliance Jio Takes Loan of Rs 3250 crore from Japanese Banks

14Apr By Sheldan RungasamyNo Comments

FUNDING

Reliance Jio Takes Loan of Rs 3250 crore from Japanese Banks

Reliance Jio, the telecom operator recently raised funding worth Rs 3250 crore as Samurai term loan from Japanese banks. A samurai loan is a low interest loan from Japanese investors and this deal with Reliance Jio represents the largest samurai loan an Asian company ever signed. A statement released from Reliance Jio read, “Reliance Jio Infocomm Limited has signed an approximately JPY 53.5 billion samurai term loan with 7 year bullet maturity, The facility is guaranteed by Reliance Industries Limited and will be used for funding RJILs ongoing capital expenditure.” “The facility has been fully underwritten by Mizuko Bank Ltd, MUFG Bank Ltd, and Sumitomo Mitsui Banking Corporation Singapore Branch and will be shortly launched into syndication,” the statement added. Last month, the ...

Reliance Jio Could Boost India’s GDP by 5 Percent

9Apr By PriyankaNo Comments

ANALYSIS

Reliance Jio Could Boost India’s GDP by 5 Percent

Highlights The report released by the Institute for Competitiveness, India seeks to analyze the impact of Reliance’s entry into Telecom on the Indian economy Jio has managed to change the face of the Indian telecom industry by changing the basis of competition from being voice-based to a data-based platform The analysis shows that Jio has significantly increased the accessibility and affordability of data. Merely by reducing data prices even the most conservative estimates show that due to Reliance's entry the annual financial savings to the consumer has been to the tune of $10 billion. Due to improved accessibility and affordability of data our country became the highest mobile data user all over the world within a span of just six months since the launc...

6Apr By Lavina TolaniNo Comments

INDIA

Star India Grabs BCCI Media Rights for India’s Home Series

Broadcasting and Media Giant, Star India has successfully managed to grab broadcasting rights for Indian cricket team's bilateral home series as well as domestic cricket in a record-breaking Global Consolidated Rights (GCR) bid of Rs. 6138.1 ( about 955 million USD) for next 5 years up to 2013. The offer at Rs. 60.18 crore per match for coming five years makes Star India remarkably the sole leader in cricket landscape. A very first time in global sports witnessed an e-auction and also had participation from Reliance Jio and Sony Motion Pictures Network India (SPN). Having acquired rights for Indian home cricket league, Star India has accomplished monopoly in the cricket broadcasting landscape after already having IPL rights for Rs. 16,347 crore and ICC broadcasting right for all tour...

Jio Prime Members Will Enjoy 1 Year of Benefits Free

31Mar By Sheldan RungasamyNo Comments

News

Jio Prime Members Will Enjoy 1 Year of Benefits Free

Reliance Jio, the telecom company of Mukesh Ambani announced today that its existing Jio Prime members who subscribed by March 31, 2018 will receive complimentary prime benefits for the next 12 months for free. As for new Jio users, they can still join the prime membership at an annual fee of Rs 99, the company announced in a statement. “All Jio Prime members who have subscribed to the exclusive membership benefits till March 31, 2018 will get another year of complimentary prime benefits at no additional fee,” it said. The prime membership offer of Jio provide its customers with complimentary access to content bouquet such as Live TV channels, movies, videos and songs, as well as added value on general tariffs. The existing Jio prime members, those who subscribed before 31 Marc...

Samsung Network and Reliance Jio Will Expand 4G Coverage to all Over India

1Mar By Sheldan RungasamyNo Comments

News

Samsung Network and Reliance Jio Will Expand 4G Coverage to all Over India

Mukesh Ambani led Reliance Jio is collaborating again with South Korean company Samsung Networks to set up a nationwide Internet of Things (IoT) through phone network by Diwali. Samsung Networks is also contributing in setting up Jio’s LTE network to cover almost every Indian individual. Reliance Jio and Samsung networks however didn’t disclose the value of the new contract. Samsung Networks bagged another huge deal in 4G LTE expansion from its sole customer in India. The deal aims at increasing Jio’s 4G network penetration to 99% of the population while the network only covers 75% of the population currently. Youngky Kim, Samsung Electronics President and Head of Networks Business said, “We are delighted to contribute to Jio’s success story and rapid growth. We have been striving...

31Jan By PriyankaNo Comments

News

Jio has not Launched Any JioCoin App

Mumbai, 31st January 2018: Reliance Jio has come across reports in media and other websites about the existence of purported JioCoin Apps on the Internet that are soliciting investments in crypto currencies from people. Reliance Jio in its press release to Pixr8 mentioned that there are no such apps offered by the company or its affiliates / associates. Any such apps using the JioCoin name are fake and people are advised to refrain from dealing with any of them. Reliance Jio takes a serious note of such fraudulent attempts by unscrupulous persons to misguide the public in the name of Jio and reserves the right to take appropriate legal recourse. About Reliance Jio Infocomm Limited: Reliance Jio Infocomm Limited (“Jio”), a subsidiary of Reliance Industries Limited (“RIL”), has bui...

Reliance Jio Turns Profitable in Less Than 18 Months

20Jan By NitishNo Comments

News

Reliance Jio Turns Profitable in Less Than 18 Months

Bengaluru: Reliance Industries Ltd, India’s largest listed company by market value, said on Friday that its $30 billion telecom start-up Reliance Jio Infocomm Ltd has turned profitable less than a year and a half since its launch. Reliance Jio swung to a profit of Rs504 crore ($78.97 million) in the third quarter from a loss of Rs271 crore in the second quarter. 6/n Q3 FY2017-18 Positive net profit from digital services segment #Jio of Rs 504 crore #RILresults — Flame of Truth (@flameoftruth) January 19, 2018 13/n Q3 FY2017-18 #Jio standalone revenue from operations at Rs 6,879 crore, up 11.9% q-o-q #RILresults — Flame of Truth (@flameoftruth) January 19, 2018 Reliance Jio, launched late in 2016, sparked a price war in India’s cut-throat telecoms sector, driving down margins...