Thursday, December 19

Tag: Mukesh Ambani

Top 5 Announcements Made By Mukesh Ambani At UP Investors Summit 2018
21Feb By Sabhyata AgarwalNo Comments
INDIA

Top 5 Announcements Made By Mukesh Ambani At UP Investors Summit 2018

The ongoing UP Investors Summit 2018 at Indira Gandhi Pratisthan, Lucknow witnessed the assembly of Top Ministers, Industry leaders and distinguished dignitaries from all around the world. The event that is aimed at showcasing investment opportunities and potential across various sectors in Uttar Pradesh started with the address of Mukesh Ambani, the Chairman and Managing Director of Reliance Industries. Mukesh Ambani, who was delighted to be a part of such an event, thanked the Chief Minister of Uttar Pradesh for inviting him and talked about the vision of Prime Minister to make Uttar Pradesh, Uttam Pradesh. He said he will be happy to join hands with the Prime Minister and the government to convert the fifth largest state of the country into a prosperous state. He embraces the P...
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When Mukesh Ambani & Andhra CM Did Facebook Live
14Feb By Sabhyata AgarwalNo Comments
INDIA

When Mukesh Ambani & Andhra CM Did Facebook Live

Mukesh Ambani, the Chairman and Managing Director of Reliance Industries, met with Amaravati Chief Minister N. Chandrababu Naidu on Tuesday at the state. For the first time, any of such discussion was done live on Facebook, which was viewed by over 3 lakh people thus maintaining transparency. They discussed on matters of e-governance, investment opportunities and business. Andhra CM opened the discussion with him, explaining about what they do and his team has achieved since years. He explained that how everything is done electronically in Andhra Pradesh and said he desires to do every process at one platform which makes the work easy and hassle-free. His system seemed so impressive to the RIL chairman, that he asked the CM jokingly to "expose this system to the whole of India." which ...
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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...
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India Lost 2 Crore Mobile Users in November
11Jan By AnkitaNo Comments
INDIA

India Lost 2 Crore Mobile Users in November

The number of telecom subscribers dwindled by 1.58 crore to 118.5 crore in November, even as Reliance Jio continued to lead in customer addition with over 15 crore subscribers, as per a report by Trai. "The number of telephone subscribers in India declined from 1,201.72 million at the end of October 2017 to 1,185.88 million at the end of November 2017, thereby showing a monthly decline rate of 1.32 per cent," the Telecom Regulatory Authority of India said in a monthly subscriber report today. The decline was mainly on account of closure of mobile services by some of the operators including Anil Ambani-led Reliance Communications (RCom), which lost over 2.57 crore subscribers during the period. As per the report, the number of total mobile subscribers declined to 116.24 crore from ...
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Reliance Jio To Buy RCom’s Wireless Assets In $3.75B Deal: Sources
29Dec By reutersNo Comments
BUSINESS

Reliance Jio To Buy RCom’s Wireless Assets In $3.75B Deal: Sources

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, fibre optic and other telecom infrastructure assets to Jio, which is owned by Reliance Industries and is controlled by Anil Ambani’s elder brother Mukesh Ambani, India’s richest person. They firms did not give the value of the deal. Jio and Reliance Communications, or RCom as the company is known as, did not respond to messages seeking comment on the value of the deal. The sale, if finalised, would mark a big step in RCom’s...
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Google Search Trends 2017: Mukesh Ambani Top Trending Business Leader, Sunny Leone Top Trending Entertainer
13Dec By RishabhNo Comments
News

Google Search Trends 2017: Mukesh Ambani Top Trending Business Leader, Sunny Leone Top Trending Entertainer

India's most valued company Reliance Industries Limited chairman Mukesha Ambani and wife Nita Ambani topped the trending business leaders list in Google Search in 2017. The most valued couple is followed by other business leaders who appeared quite frequently in the news of 2017. Azim Premji, chairman of Wipro Limited made it to the third position, followed by Vishal Sikka, Nandan Nilekani, Gautam Adani, Anand Mahindra, Vijay Shekhar Sharma, N. Chandrasekaran and Uday Kotak. Google announced the trending search results on Wednesday. The analytic shows the popular search is different fields such as Bollywood, entertainment, business, songs, lyrics, videos, memes and many more. They can be viewed here! This year, Bollywood and Cricket seemed to dominate the search engine. Bahubali 2...
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Reliance Jio Sets An Eye At E-Commerce, Head-On With Paytm, Flipkart
15Nov By RishabhNo Comments
BUSINESS

Reliance Jio Sets An Eye At E-Commerce, Head-On With Paytm, Flipkart

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 is currently ongoing in Mumbai, Chennai and Ahmedabad, the report said. Having witnessed the huge success of Jio and the fact that it touched a 132 million+ subscribers base in about a year, now its entry in the e-commerce segment could be a very bad news for digital wallet and e-commerce players like Paytm and Flipkart. Although having investors like Softbank behind their back, this head-on battle will be interesting to watch. The online...
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Top 10 Richest Person Of 2017 In India
28Sep By RishabhNo Comments
BUSINESS

Top 10 Richest Person Of 2017 In India

International Agency Hurun recently released the names of top 10 richest person in India. The list was topped by none other than Mukesh Ambani with over 58% jump in his net worth. Storming into Top 10 for the first time, 44-year-old Patanjali's CEO Acharya Balkrishna has become the 8th richest person in the country after 173 per cent rise in his wealth to Rs 70,000 crore. (more…)
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Reliance Jio Suspends JioPhone’s Pre-Booking
28Aug By Press Trust of IndiaNo Comments
News

Reliance Jio Suspends JioPhone’s Pre-Booking

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 after receiving overwhelming response. However, Jio didnt respond to queries on whether the pre-booking was stopped across all Jio stores and retailers. Reliance Industries Chairman Mukesh Ambani in his last annual general meeting speech had said the company plans to sell 5 million JioPhone every week. The pre-booking of JioPhones started on August 24 against payment of refundable deposit of Rs 500 and rest of the refundabl...
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Mukesh Ambani Launches Free Jio Phone At Reliance AGM
21Jul By RishabhNo Comments
News

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 for effectively 0 price. The user however will have to pay Rs 1500 as security deposit which they will get back after 36 months of purchase. The phone comes with basic features such as Phone logs, contacts, headphone jack, torch,FM Radio, SD Card slot, Bluetooth Connectivity and with Alphanumeric Keypad. The JioPhone has been tipped to come with a 4GB of internal storage, and 512MB of RAM. The mobile will have the ability to install and run apps, including Jio’s own...
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Reliance Jio All Set To Own The Market by Selling Rs 500 4G Smartphone
8Jul By RishabhNo Comments
News

Reliance Jio All Set To Own The Market by Selling Rs 500 4G Smartphone

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 announced at its parent Reliance Industries' annual general meeting which will be duly held on July, 21 2017 . With this Reliance Jio can once again cause disruption in the market if the Jio 4G phone is launched at price of Rs 500. According to a Financial Express report, Reliance Jio is also in talks with Techchain and Uniscope( Chinese manufacturers) for the its 4G-VOLTE phone. Although the pricing is very dynamic for now all the rumor-based reports. "Jio is like...
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