Friday, February 23

Tag: reliance

Reliance Global Call Launches International Calling App
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Reliance Global Call Launches International Calling App

Reliance Global Call (RGC) today launched an international calling app which enables direct- dialing of contacts, doing away with the need to enter toll- free or PIN numbers. 1RGC India', a subsidiary of Reliance Communications, also announced an introductory offer under which customers can avail talk time worth Rs 200 on sign-up with Rs 100. Customers will get calling rates starting at Rs 1.4 per minute. "The service is available to all mobile phone and landline users of the country including prepaid and post-paid subscribers on the networks of Reliance, Airtel , Vodafone, Idea , Tata, Aircel and MTS," said a company statement. Customers can register for the RGC service via the website, or download the mobile app from Android Play Store and iOS App Store, it added. "The 'RGC In...
Reliance Group in Partnership With Cisco Launched IoT Services Venture ‘UNLIMIT’
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Reliance Group in Partnership With Cisco Launched IoT Services Venture ‘UNLIMIT’

Anil Ambani promoted Reliance Group today announced a strategic partnership with Cisco Jasper for the launch of its new venture 'UNLIMIT' to provide Internet of Things (IoT) services to enterprise customers across India. The outlook for IoT services in India is virtually UNLIMITed, with the number of connected devices projected to rise from 200 million today to around 3 billion by 2020, and revenues set to increase from USD 5.6 billion today to USD 15 billion in 2020," Amitabh Jhunjhunwala, Group Managing Director, Reliance Group said. IoT, fuelled by machine-to-machine communication, essentially refers to microprocessor and sensor-fitted gadgets or things within a network talking to each other, swapping real-time data and information to perform specific actions. Examples of con...
How Mukesh Ambani’s Reliance Jio Fooled us in the Name of Cheaper Data
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How Mukesh Ambani’s Reliance Jio Fooled us in the Name of Cheaper Data

Disclaimer:  We got this brilliant analytical piece about newly launched Reliance Jio scheme (of almost free data) from WhatsApp. We are publishing it because it shows the other side – which is obviously not so good - of the so called revolutionary idea, to promote awareness.  In the name of fulfilling PM Modi’s dream for Digital India, Reliance used his image in its full page advertisement but the question remains unanswered. How will it help India to be more Digital ? Did Reliance Jio make false promises to make profit? Is Reliance Making the hay while sun is shining? We would like to know the name of the author. If any one can send us, that will be a great help.  I must admit that I was euphoric over the Reliance Jio launch. Also, thanks to the media hype, I initial...
One More Down, Tech Mahindra Pulled Out From Payments Bank Race
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One More Down, Tech Mahindra Pulled Out From Payments Bank Race

IT firm Tech Mahindra today said it will not pursue its plans to set up payments bank operations in the country, becoming the third player to pull out from the race. "With reference to the earlier communication dated August 20, 2015, about the in-principle approval granted by RBI for setting up a payments bank, Board of Directors of the company have decided that the company will not pursue this opportunity," it said in a filing to the BSE. Sun Pharma founder Dilip Shanghvi who along with IDFC Bank and Telenor got in-principle approval from the Reserve Bank for payments bank, also pulled out of the race last week. A couple of months back, Cholamandalam group also dropped plans of setting up a payments bank. "It was a conscious decision that we wanted to be in this business. We ...
Exclusive: Dilip Shanghvi, IDFC Bank Withdraw From Payments Bank
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Exclusive: Dilip Shanghvi, IDFC Bank Withdraw From Payments Bank

Telenor Financial Services, IDFC Bank and Sun Pharma's Dilip Shanghvi have decided to withdraw their licence to set up a payments bank. They are the second applicant to withdraw from the licence after Cholamandalam group pulled out of payments banks race a couple of months back. In a joint press statement, the partners said: "Dilip Shanghvi, IDFC Bank and Telenor Financial Services jointly agree to withdraw plans to establish a payments bank venture and consequently the payment bank licence will not be pursued." Last September, Dilip Shanghvi, Chairman of Sun Pharma, as lead applicant along with Telenor Financial Services and IDFC Bank, was granted in-principle licence by Reserve Bank to form a payments bank. "Following the mutual decision to withdraw from setting up a payments bank,...
Payments Banks Do Not Have a Viable Business Model: SBI Chief
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Payments Banks Do Not Have a Viable Business Model: SBI Chief

Small and payments banks have not yet devised a business model which can be termed viable, SBI Chairperson Arundhati Bhattacharya said today. "Neither the payments banks nor small finance banks seem to have as yet devised a business model that can be said as viable," said Bhattacharya, whose bank has tied up with Reliance Industries for a payments bank venture. Addressing a banking seminar organised by industry lobby IMC here, she added, "...a mobile banking customer, who is also a customer for payment services, will be less free to migrate to a competition for mobile services. Hence, it is hard to see payment banks taking away customers or income from commercial banks in a big way. Similar arguments hold for small finance banks. "Admitting that the entry of other non-banking co...
Reliance Jio Will Be Ready to Commercially Launch in 2016:  Mukesh Ambani
Entrepreneurs Talk

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 Ambani’s return to the telecom sector years after Reliance Group’s telecom unit had gone to his younger brother Anil following a split between the two siblings. “We’ll be ready to launch in the second half of 2016. 80% of India’s population will have high-speed, mobile broadband internet. ”So 80% of the 1.3 billion Indians will have high-speed, mobile internet. And by 2017, we would cover 90%. And by 2018, all of India would be covered by ...
Why these big Corporates like Reliance, Tata, Birla showing interest in startups now
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Why these big Corporates like Reliance, Tata, Birla showing interest in startups now

One of Reliance Industries' offices in suburban Mumbai became unusually busy last week. The Reason: a second batch of 10 startups joined the country's largest private firm's four-month acceleration programme, run in partnership with Microsoft Ventures, to help them scale up operations through mentoring and infrastructure support in exchange of technology and ideas. A month ago, a similar initiative was launched by Aditya Birla Group, albeit at a smaller scale. Big Indian family business houses, some of which were still debating whether it's worth foraying into the digital space till about a year ago, are now busy chalking out and implementing strategies to join the digital economy and get leverage from the ongoing startup boom. If you look at the history of conglomerates in the last ...