Mukesh Ambani | The Asian Age

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Established operators like Bharti Airtel, Vodafone Idea Ltd are in the midst of a bruising tariff war following the entry of Reliance Jio. (Photo: File | ANI)

Reliance Jio's Q1 net profit zooms 45.6 pc to Rs 891 crore

RIL statement said that Brookfield will invest Rs 25,215 crore into Tower InvIT.

19 Jul 2019 7:49 PM

Trai's latest data showed that Jio's adjusted gross revenue (AGR), or earnings from mobile phone services, rose 3.76 per cent sequentially to Rs 9,838.9 crore at the end of March 2019. (Photo: File | PTI)

Jio retains lead over older telcos in AGR for March quarter: Trai data

The teledensity in India declined from 91.45 as on December 2018 to 90.11 as on March 2019, Trai report said.

10 Jul 2019 8:24 PM

Samsung makes 5G solutions, equipment for telecom operators and smartphones.

Hope to work closely with Indian telcos when they roll out 5G: Samsung

Samsung is already working with carriers in South Korea, the US and parts of Europe, said Samsung's Junehee Lee.

01 Jul 2019 2:50 PM

Reliance Industries Ltd has an outstanding debt of more than Rs 2.87 trillion till 31st March. (Photo: AFP)

Reliance to infuse Rs 20,000 cr in RJio to fuel broadband, 5G services: report

In the March quarter of FY 2018-19, Jio’s net profit rose over four times to Rs 2,964 crore, from Rs 723 cr in 2017-18.

20 Jun 2019 12:39 PM

Competition has only intensified since 2016, when Reliance Jio, owned by richest Indian Mukesh Ambani, stormed into the market and offered lifetime free calls and dirt cheap data.

Telecom minister promises dialogue with industry on outstanding issues, challenges

The telecom sector is burdened with staggering debt levels and cut throat competition.

03 Jun 2019 6:23 PM

ONGC, in the previous two financial years, had lost the most profitable PSU tag to IOC.

ONGC topples IOC to regain most profitable PSU tag

Oil and Natural Gas Corp reported a 34 per cent jump its in 2018-19 fiscal net profit to Rs 26,716 crore.

02 Jun 2019 5:01 PM

South Mumbai candidate and the current President of the Mumbai committee of Indian National Congress (INC) Milind Murli Deora.

Failure of the rich?

Ambani promoted one particular candidate, but he balanced his act by sending Anant Ambani to Modi’s meeting public rally.

27 May 2019 1:32 AM

The overall tele-density in India declined to 90.11 at the end of March, from 91.86 in February.

Airtel, Vodafone Idea lose 30 mn customers; Jio adds 9.4 mn users in Mar

India's total wireless subscriber base fell to 1,161.8 million on March 31, 2019, shedding 21.87 million users over the previous month.

21 May 2019 7:46 PM

Reliance Industries Limited was the most profitable company in the country with a net profit of more than double that of IOC in FY2019.

Reliance topples IOC to become the biggest Indian company

Reliance in the 2018-19 fiscal year that ended March 31, reported a turnover of Rs 6.23 lakh crore.

21 May 2019 2:36 PM

Jio is playing to be "India two player", Ambit Capital said adding that this severely impacts the ability of Vodafone Idea to enjoy the upsides of its rural subscriber base upgrading to smartphones.

Vodafone Idea lags Airtel, Jio in sequential revenue growth in Q4: Analysts

Vodafone Idea is looking to monetise investments in tower venture as well as fibre assets.

14 May 2019 9:13 PM

As much as 90 per cent of India's USD 700 billion retail market is unorganised, made up mostly of neighbourhood kirana stores selling groceries and other sundries.

Reliance entry to digitise 5 million kirana stores by 2023: Report

Reliance is looking at installing its Jio MPoS device at kirana stores to connect neighbourhood suppliers.

12 May 2019 11:25 AM

Over the past few years, India's telecom market had become cut-throat where nearly a dozen players jostled for market share, pummelling the call rates to among the lowest in the world. (Representational Image)

Fund raising in telecom shows promoters' resolve despite structural issues: COAI

The industry has taken a responsible call to infuse fresh funds in 'some very adverse circumstances', said COAI chief.

09 May 2019 5:21 PM

Vodafone and Idea last year merged their businesses to create India's largest telecom company to take on competition posed by Mukesh Ambani's Reliance Jio.

Vodafone pledges entire stake in Vodafone Idea with foreign banks

Vodafone holds 44.39 per cent stake in Vodafone Idea which at Thursday's trading price is worth over Rs 18,000 crore.

09 May 2019 2:14 PM

Both Reliance and SoftBank spokespersons declined to comment on the matter.

Softbank investing in Jio as Mukesh Ambani deleverages business

Softbank is reportedly looking to make a USD 2-3 billion investment in India's fastest-growing telecom firm RJio.

24 Apr 2019 8:51 AM

Top industry leaders hedge their poll bets

Ambani has been widely seen as being a firm backer of Prime Minister Narendra Modi over the past five years.

24 Apr 2019 1:17 AM

BJP mocks Congress for seeking Ambani’s support

Mukesh Ambani and Uday Kotak had extended their support to party nominee Milind Deora in the Mumbai south constituency.

20 Apr 2019 1:44 AM

Milind Deora receives Ambani and Kotak’s vote of confidence

Deora is engaged in a fierce battle with Shiv Sena’s Arvind Sawant in the Mumbai South seat.

19 Apr 2019 2:39 AM

The petrochemical business saw pre-tax profits jump by 24 per cent to Rs 7,975 crore on higher prices.

Reliance posts highest quarterly net profit in Q4

In full year 2018-19, the company posted a record Rs 39,588 crore net profit on a revenue of Rs 6,22,809 crore.

19 Apr 2019 2:33 AM

For the fiscal ended March 31, 2019, Reliance Jio posted over 4-fold jump in net profit to Rs 2,964 crore compared to Rs 723 crore in the previous fiscal.

Reliance Jio Q4 net profit jumps 64 pc to Rs 840 crore

The operating revenue of Reliance Jio rose 55.8 per cent to Rs 11,106 crore during the reported quarter.

18 Apr 2019 7:45 PM

Reliance Retail, the retail arm of billionaire Mukesh Ambani-owned Reliance Industries, is “aggressively pursuing the deal”, a website quoted one of the sources as saying.

Reliance Industries in talks to buy British toymaker Hamleys: Report

Reliance Retail currently has the license to sell Hamleys products in India.

17 Apr 2019 4:22 PM

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