 "Bharti Airtel, Idea fall up to 7% on launch of Reliance JioPhone; RIL up 2%")
Shares of telecom services provider Idea Cellular (down 7% to Rs 88.40) and Bharti Airtel (down 4% at Rs 404) have dipped up to 6% on BSE in intra-day trade after Reliance Jio, a telecom subsidiary of Reliance Industries (RIL), launched a feature phone. At 12:04 pm; RIL was up 2% at Rs 1,560, after hitting an over nine-year high of Rs 1,588, up 4%, in early morning trade.
On the JioPhone, voice will always be free and will give them access to unlimited data on the JioPhone, said Mukesh Ambani, chairman and managing director, RIL.
"Reliance Jio phone will be available for Rs 0 for all Indians. To protect against misuse of the free Jio phone offer we plan to collect a fully refundable, one-time, security deposit of Rs 1,500 with every Jio phone," he added. CLICK HERE FOR FULL REPORT
Meanwhile, in past one-month, Bharti Airtel (up 14%) and Idea Cellular (up 19%) had outperformed the RIL (up 8.5%). By commparison, the S&P BSE Sensex had gained 1.9% till Thursday, July 20, 2017.
On the JioPhone, voice will always be free and will give them access to unlimited data on the JioPhone, said Mukesh Ambani, chairman and managing director, RIL.
"Reliance Jio phone will be available for Rs 0 for all Indians. To protect against misuse of the free Jio phone offer we plan to collect a fully refundable, one-time, security deposit of Rs 1,500 with every Jio phone," he added. CLICK HERE FOR FULL REPORT
Meanwhile, in past one-month, Bharti Airtel (up 14%) and Idea Cellular (up 19%) had outperformed the RIL (up 8.5%). By commparison, the S&P BSE Sensex had gained 1.9% till Thursday, July 20, 2017.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%