Billionaire Ambani's Reliance posts record profit on consumer strength

The company had previously said it would sign a definitive agreement with Aramco by March 2020.

Average customer unlikely to pay for outgoing calls, says Reliance Jio

Reliance Jio is offering 1,000 minutes per month (28-day cycle) of free calling every month across all plans.

Ambani was ranked 13th in the annual Forbes' rich list for 2019.

At market close, the oil-to-telecom conglomerate's market valuation surged to Rs 10,01,555.42 crore on the BSE.

Jio said that the telecom regulator TRAI is likely to initiate consultation process for revision in telecom tariffs.

The govt has taken a string of policy measures over the past couple of months to shore up the economy and revive credit.

Trai's move to reopen the deadline for ending charges for terminating calls on rival networks beyond January 2020.

Kumar Mangalam Birla, head of Vodafone Idea, had sent an SOS to the government earlier also for deferring statutory payments.

Junaid said a total of 233 new entrepreneurs from different businesses made it to the rich list this year.

London-based SP Hinduja and family, with assets worth Rs 1,86,500 crore, retained the second rank in the list.