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 […]
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 […]
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 […]
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 […]
Telecom operator Reliance Jio will host India Digital Open Summit 2018 on January 19 with focus on opportunities and building digital ecosystem. “The January 19th, 2018 event marks the inaugural India Digital Open Summit, a meeting of the top technologists, academia, startups, and industry leaders focused on how open source networking systems and platforms would […]
Debt-laden Reliance Communications has signed a deal to sell its wireless assets to Reliance Jio Infocomm for nearly 240 billion rupees ($3.75 billion), two sources familiar with the matter told Reuters on Friday. The two companies had announced late on Thursday that Reliance Communications, backed by businessman Anil Ambani, would sell all its spectrum, tower, […]
After disrupting the telecom industry in India, Reliance Jio is now set to launch an ecommerce platform, leveraging its penetration and millions of subscribers. As per the reports by ET the company is working with kirana stores and consumer brands to let people buy locally using coupons via Jio Money platform or even text messages. The project […]
New Delhi: At least 80 high-end Google Pixel “customised” phones with Reliance Jio SIMs have been given to top bureaucrats on a “trial” basis to ensure secure communication among them, according to a person in the IT ministry. The home ministry had drawn up a list of 100 officials from multiple ministries for the purpose, […]
Reliance Jio has suspended the pre-booking of its much awaited “effectively free” 4G feature phone following overbooking of initial lot which is expected to be delivered in September. “Millions have pre-booked the JioPhone. We will inform you when pre-booking resumes,” a message on Reliance Jio website said. A company official said pre-booking has been suspended […]
Reliance Jio has topped the charts again as the fastest 4G services provider by registering average download speed of over 18 megabit per second in June, as per data published by telecom regulator TRAI.
After the launch of super-cheap 4G services in India, Reliance is once again set to create a wave of disruption in the market. Billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd. is likely to launch its 4G-VOLTE enabled smartphone for an unbelievable pricing of just Rs 500. As per the source by ET, the launch may be […]
New Delhi- Mukesh Ambani-owned Reliance Jio, known for its aggressive data and voice offerings, filed a total 54 global patents during 2016-17. RIL, in its latest annual report, said its telecom venture has been a catalyst in Indias digital ecosystem and that data consumption on Jio network is “higher than the total mobile data consumption […]