16th July 2016: The Indian Telecom Market – Basic Facts There are 100 crores of mobile users in India (1 billion). This means 80% of India is connected to mobile phones (voice calling) However, only 34% of India’s population is connected to the internet. Among those using mobile phones, only 10% use 3G data or […]
Google is acquiring 7.7% of India’s fastest-growing internet company Reliance jIo for $4.5 billion.
Reliance Industries became the first Indian firm to hit a market valuation of $150 billion.
Reliance Jio acquires Haptik
Mukesh Ambani, the Chairman of Reliance Industries said that Reliance has become first Indian private sector company paying 9,844 crore tax and 26,312 crore of customs and excise duty(6.4% of India’s total collection). While addressing the crowd and media at the Reliance Industries’ 41st Annual General Meeting Mukesh Ambani said, “the RIL posted a net profit of […]
Tata Consultancy Group and Reliance Industries are currently the two biggest companies in India but differ greatly in terms of the way their businesses operate and in terms of revenues and market valuations. Valuation Tata Consultancy Group leads the race between the two, currently, the Indian company with the highest valuation, Rs 6.11 trillion as […]
Reliance Industries, the Indian conglomerate in oil-to-telecom sector bought a stake in Indian music streaming service called Saavn and decided to merge the company with its JioMusic app and thus create a new unit that is reported said to be valued at $1 billion. Reliance will also have to buy a stake from Saavn’s current […]
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 […]
Bharti Airtel Ltd is acquiring the Tata conglomerate consumer mobile business virtually free of charge in a deal that gives India’s top wireless player a major subscriber base boost, while stemming the bleed for Tata from a money-losing venture. Bharti Airtel will gain over 40 million customers from Tata Teleservices and a subsidiary along with […]
Reliance Industries Ltd has created a disruption in the market ever since the launch of Reliance Jio. Not only that, it also plans to own other segments through its latest in technologies services like Reliance Jio Fiber Broadbands.
Bharti Airtel today registered a sharp 72 per cent decline in consolidated net income at Rs 373.4 crore for the fourth quarter ended March 2017, hit by “sustained predatory pricing” by newcomer Reliance Jio. Net income stood at Rs 1,319 crore in the same period a year ago. Total revenue fell 12 per cent to […]
Indians make 50 million minutes of video calls daily via WhatsApp, the highest compared to users in any other part of the globe. WhatsApp, a popular messaging app that competes with the likes of Hike, Googles Allo and Viber in India, started offering video calling feature in November last year. The video calling feature also […]