Reliance Jio Financial News

Ambani emphasized the impact of artificial intelligence, stating that the next decade will be defined by applications utilizing large language models and generative AI. He highlighted the ongoing efforts to integrate AI not only as a vertical within the organization but also horizontally across all sectors.

Bharti Airtel, both of which control 78% of India’s mobile market, according to global brokerage firm CLSA. «BUY-rated Reliance Industries holds 67% of RJio and valuation is 60% higher than the 33% stake from the 2020 sale that raised US$20bn. We also expect RJio’s planned IPO to serve as a further catalyst for BUY-rated Bharti stock,» CLSA analyst Deepti Chaturvedi said. The analyst expects Jio's leadership and Bharti's execution to lead the sector to $38 billion annual revenue by FY26.

Reliance Jio has launched JioPhone Prima at an attractive price Rs 2,599. Built on the Kai-OS platform, it offers access to popular apps like YouTube, Facebook, WhatsApp, and Google Voice Assistant. It also supports UPI payments. Featuring a 2.4-inch display screen and an impressive 1800mAh battery, this device offers an array of features. It supports 23 languages. JioPhone Prima is available at retail stores and popular online platforms like Reliance Digital, JioMart Electronics, and Amazon. This device is equipped with digital cameras and supports video calls and photography. What sets it apart is the integration of Jio's digital services, including JioTV, JioCinema, JioSaavn, and JioPay for UPI payments. «The JioPhone Prima isn't just another smartphone; it's a statement of style and substance. It caters to those who demand more than the ordinary. It's a testament to Jio's unwavering commitment to redefine the mobile experience, infusing it with vibrancy, fun, and sheer excitement,» Reliance Jio said in a statement. The phone is locked for Jio network and the user needs to have a JioPhone plan.

Reliance Digital for just Rs. 4,999, providing a substantial discount of nearly 58 percent. The services it offers are subscription-based, and the first year is complimentary.

Reliance Jio Infocomm Limited on Friday demonstrated India’s first satellite-based giga fiber service called JioSpaceFiber to provide high speed broadband services to previously inaccessible geographies within India at India Mobile Congress 2023. Jio has partnered with SES to access its medium earth orbit (MEO) satellite technology, the only MEO constellation capable of delivering truly unique Gigabit, fiber-like services from space, it said in a statement. Jio has so far connected four remote locations – Gir (Gujarat), Korba (Chattisgarh), Nabrangpur (Odissa), and ONGC in Jorhat (Assam) to demonstrate the new service. “Jio has enabled millions of homes and businesses in India to experience broadband internet for the first time.

Reliance Jio annual plan, priced at ₹3,227, offers a full year of validity and includes a valuable bonus of access to Amazon Prime Video, specifically the Mobile Edition. The standout feature of this plan, in addition to the Prime Video benefit, is its substantial data allowance. This plan provides users with a daily allotment of 2GB of high-speed data, resulting in a total of 730GB of data for the entire year.

₹14,000 crore due to the Supreme Court’s recent decision on licence fee categorisation, according to analysts. The judgment stipulated the treatment of the licence fee as capital, a departure from its previous classification as an expenditure. While the judgment implies a heightened tax liability, the real impact may be mitigated by factors like depreciation and amortisation spanning the 20-year licence tenure, brokerage firms noted.

₹75,000 crore in the current financial year to strengthen their networks, reported PTI The report said Reliance Jio may invest around ₹42,000 crore and Bharti Airtel around ₹33,000 crore in FY24, but the investment will taper down after their 5G network rollout target is met as per their announcement. "Bharti's management capex guidance implies India business capex could decline to approximately ₹200 billion ( ₹20,000 crore) from FY25 (versus ₹280 billion, or ₹28,000 crore in FY23) though we continue to conservatively build in approximately ₹270 billion ( ₹27,000 crore) for FY25 and ₹330 billion ( ₹33,000 crore) for FY24," the PTI quoted the report as saying.

Airtel added the highest number of active mobile users among India’s top telcos in July 2023, after a seven-month gap, on the back of strong paying-customer gains in the metros, as per latest subscriber data collated by Trai. The pace of Reliance Jio’s active user gains was slower, but it retained market leadership on the active users share score.

Reliance Jio on Tuesday launched its fixed wireless access (FWA) device — Jio AirFiber — in eight cities — Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune, just over a month after rival Bharti Airtel introduced its own device in two cities, as both telcos make initial attempts at monetising their 5G services. «Our extensive fiber-to-the-home service JioFiber, already serves over 10 million customers...With JioAirFiber, we are expanding our addressable market to rapidly cover every home in our country with similar quality of service,» Akash Ambani, chairman of Reliance Jio, said in a statement. A fixed wireless device uses radio frequencies instead of cables/fibres to provide fixed broadband access, using technologies like 5G. Simply put, these are portable broadband devices, much like dongles but with better coverage and speeds. The Jio AirFiber service has been launched with multiple plans ranging from 30 Mbps speeds to 1000 Mbps speeds, all available in blocks of six months and 12 months, the telco said in the statement. The plans are available in two buckets — Jio AirFiber and Jio AirFiber Max.

Reliance Jio, on Tuesday, launched its Jio AirFiber services. In its initial stage, the service will be live in eight cities including Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Mumbai and Pune. "With JioAirFiber, we are expanding our addressable market to rapidly cover every home in our country with similar quality of service.

Reliance Industries, during the 2023 Annual General Meeting on August 28. Jio AirFiber features parental controls, support for Wi-Fi 6, and an integrated security firewall. Jio AirFiber is set to tap into a massive untapped market of over 200 million Indian households.

Reliance Jio is celebrating its 7th anniversary by offering additional benefits with select prepaid plans. These include 7GB extra data with the ₹299 plan, 14GB extra data with the ₹749 plan, and 21GB extra data with the ₹2,999 annual plan. These offers are available until September 30 and also include discounts on McDonald's, Reliance Digital, flights, hotels, AJIO, and Netmeds.

Reliance AGM 2023 LIVE Updates: Reliance Industries Limited (RIL) is set to hold its 46th Annual General Meeting 2023 on Monday, i.e. 28 August 2023.

Indian stock market experts and investors are eagerly waiting for the 46th AGM (Annual General Meeting) of Reliance Industries Ltd (RIL) as the Sensex heavy weight is expected to unveil its business blueprint for future. According to market experts, after demerger of Jio Financial Services Ltd (JFSL) from RIL, market is expecting some concrete announcement in regard to Future Retail IPO and Reliance Jio IPO.

Reliance Jio and Vodafone Idea (Vi) have called for auctions as the default mechanism for spectrum assignment for broadcast and telecom applications, a suggestion which was opposed by broadcast entities and peer telecom operators. At an open house discussion hosted by the Telecom Regulatory Authority of India (Trai) Wednesday, Bharti Airtel reiterated the need for regulation of content tariff across distribution platforms so that the same content is not priced radically different on different platforms. The topic of the discussion was 'Regulating Converged Digital Technologies and Services — Enabling Convergence of Carriage of Broadcasting and Telecommunication'. «Auction should be the default mechanism for assignment of spectrum whether it is for telecom or broadcasting so — satellite or terrestrial,» a representative from Jio said during the three-hour-long discussion held virtually. Jio said more spectrum should be made available for 5G, and that the service provider should be allowed to decide what to use acquired spectrum for, rather than the regulator pre-deciding which band can be used for what purpose. «Majority of spectrum bands can be used interchangeably between separate satellite and terrestrial networks,» the Jio representative said. Vodafone Idea, in its comments, supported the view that all spectrum should be auctioned.

Reliance Jio, Vodafone Idea, and Bharti Airtel, India’s top three telcos, are expected to add up to 25% more employees to their existing workforce in Financial Year (FY) 2024, The Economic Times reported. The demand for telecommunications jobs is seeing a rise due to 5G technology.

Reliance Jio Infocomm will pay ₹7,864 crore this week to the Department of Telecommunications (DoT) towards its second instalment for 5G spectrum acquired in last year's auction, as it scales up the roll out of its next-gen mobile broadband services nationally by the year-end. The Mukesh Ambani-led telecom market leader was the largest 5G spectrum buyer in the July 2022 auction, acquiring airwaves worth ₹88,078 crore, including those in the coveted 700 MHz band.

Reliance Jio has introduced an Independence Day 2023 offer catering to its prepaid users. The offer features the annual recharge pack priced at ₹2,999 that includes calling and data benefits along with other advantages, such as discounts on prominent food delivery services, travel reservations, online shopping, and more. Here's a comprehensive overview of the offer.

Reliance Industries Ltd (RIL) has seen a substantial uptick in incidences of “voluntary separation" in its retail and telecom divisions in 2022-23. Attrition rates rose by 64.8% over FY22, according to the annual reports of the conglomerate. Although the conglomerate spanning oil to telecommunications boosted its hiring efforts, the momentum was lost following its acquisitions as operational redundancies led to duplication of roles across various functions, said three people aware of the development.

PTI. Reliance Industries' annual report said the telco has largely procured gears from Swedish company Ericsson and Finnish company Nokia to deploy its 5G network, said the report.