May 6th, 2022 8:25 PM 44 COMMENTS

Reliance Jio ARPU Sky Rockets to Rs 167.6 During Q4 FY22

Reliance Industries Limited (RIL) just announced annual performance results along with the data for Q4 FY22. In the report, the performance of Jio Platforms Limited (JPL), a wholly-owned subsidiary of RIL has also been revealed. The average revenue per user (ARPU) of Reliance Jio went up from Rs 151.6 in Q3 FY22 to Rs 167.6, a healthy 10.5% QoQ growth and 21.3% YoY growth. Positive growth in ARPU was expected... Read More

December 31st, 2021 12:01 PM 0 COMMENTS

Vodafone Idea Shares Might End the Year on a High Note

It is the last day of 2021, and Vodafone Idea (listed as IDEA on the stock exchanges) shares have gained almost 5%. It’s not just the last day of 2021 but also the last day of the week, Friday. At the time of writing, Vodafone Idea’s shares are trading at Rs 14.70, which is 5% in the green. The telco’s shares have already hit a high of Rs 14.85 on... Read More

November 30th, 2021 10:04 AM 0 COMMENTS

Telecom Stocks See a Strong Opening on Tuesday Morning

Telecom stocks, including Vodafone Idea (Vi), Bharti Airtel, and Reliance Industries Limited (owns Reliance Jio), saw a strong opening on Tuesday morning. All the telecom operators were trading in the green shorts after the market opened. At the time of writing, Vodafone Idea (listed as Idea) is trading at Rs 11.55, which is 3.13% in the green. Vi’s stock had previously closed at Rs 11.20 and opened at the same... Read More

September 24th, 2021 12:02 PM 0 COMMENTS

Bharti Airtel Stock Touches Lifetime High of Rs 752.60 Friday Morning

Bharti Airtel, the second-largest telecom operator, has seen its stock or share price touch a lifetime high on Friday morning. This is good news for the investors of the company since the telco’s stock has been performing very strongly for the last few weeks. At the time of writing, Airtel’s stock price is Rs 749, which is 3.05% in the green. The telco’s stock touched a high of Rs 752.60... Read More

July 23rd, 2021 9:14 PM 2 COMMENTS

Reliance Industries Limited Digital Services Profits Soar Beyond Rs 9,000 Crore

Reliance Industries Limited (RIL) issued its quarterly earnings report today in which it has shared multiple strategic developments along with crucial figures for the company. In the most noteworthy development, Reliance Jio has signed an agreement with Bharti Airtel for the right to use spectrum in the 800MHz band in Andhra Pradesh, Delhi, and Mumbai circles through spectrum trading. The value of the transaction as per the filing is Rs... Read More

January 6th, 2021 12:55 PM 41 COMMENTS

RIL’s Petition for Damaged Jio Properties Heard by HC, Notice of Motion Issued

The High Court (HC) of Punjab and Haryana has heard the petition filed by Reliance Industries Limited (RIL) for action against all the parties involved in damaging Jio’s properties. Things haven’t been smooth for Jio in Punjab and Haryana lately because of the outrage against the new farm laws introduced by the centre. Protesters and different unions have taken it upon themselves to bring justice to the farmers; but in... Read More

January 4th, 2021 12:16 PM 26 COMMENTS

Reliance Industries Limited Says Rivals Instigated Act of Vandalism Against Jio

In a petition filed with the Punjab and Haryana High Court today, Reliance Industries Limited (RIL) has asked for an immediate intervention of the government authorities in the illegal acts carried out by the miscreants in the respective states. RIL has said that such acts of vandalism have damaged the company’s properties and endangered its employees' lives. The Mukesh Ambani led company has credited its rivals for instigating such harmful... Read More

July 15th, 2020 3:53 PM 10 COMMENTS

Reliance Announces Google as Strategic Partner, Unveils ‘Made in India’ 5G Solution

Today, Reliance held its 43rd Annual General Meet (AGM). Just this morning we reported that Google might invest $4 billion in Jio Platforms. In the online meet, Mr Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited (RIL) confirmed the partnership with Google and made the news official. This is a strategic partnership between both companies to overcome existing market challenges. Google is going to invest Rs 33,737 crore... Read More

June 25th, 2020 12:17 PM 15 COMMENTS

Reliance Jio to Play a Key Role in 5G Development: Mukesh Ambani

Reliance Industries Limited (RIL), in its annual report, said Reliance Jio’s network assets will play a key role in the development of the 5G ecosystem in India. "Jio with its 5G-ready network and extensive fiber assets would play a key role in the development of the 5G ecosystem in India, based on market dynamics… the core and aggregation layers of the Jio network have been converged and 5G-ready from the... Read More

April 30th, 2020 9:42 PM 1 COMMENTS

Reliance Jio Subscriber Base Reaches 388 Million at the End of March 2020

Reliance Industries Limited (RIL) is one of the biggest companies in the world. The company is invested in many sectors and is valued very highly in the market in terms with its profit-making capabilities. The last financial report release from RIL for the year ending March 31, 2020, is out now and Reliance is touching new heights like every time. The company registered a record quarterly EBITDA of providing digital... Read More

October 3rd, 2018 10:59 AM 9 COMMENTS

Reliance Industries Limited Initiate Talks With Hathway Broadband for Acquisition

As per new talks floating in the industry, Reliance Industries Limited, the holding company of the latest telecom entrant Reliance Jio is discussing plans of acquiring Hathway Cable and Datacom. Reliance Jio will be moving forward in this regard as it will help the telco in speeding up the operations in the run-up to the commercial launch of its high-speed broadband service, Reliance Jio GigaFiber. Out of three people aware... Read More

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