Page 11 - Reliance Jio

Jio Financial Services Q2 results: Net profit increases 3% to Rs 689 cr

Jio Financial Services Ltd on Friday reported a marginal 3 per cent rise net profit to Rs 689 crore in the second quarter ended September 2024. The company had earned a consolidated net profit at Rs 668 crore in the same quarter a year ago. Total income increased to Rs 694 crore as against Rs 608 crore in the same quarter a year ago, Jio Financial Services said in a regulatory filing. However, total expenses doubled to Rs 146 crore as against Rs 71 crore in the same period in the previous year. Jio Financial Services Ltd pursuant to the application made to the RBI seeking registration as Core Investment Company (CIC), has received necessary approval and certificate of registration on July 9, 2024 from the RBI and thereby it has become a Non-Deposit taking Systemically Important Core Investment Company (CIC-ND-SI) with effect from that date, it said. Jio Financial Services, carved out from Reliance Industries Ltd, is engaged in the business of investing and financing, insurance ...

Reliance Industries IP sprint: Over 3,000 patents at 100 filings per week

Jio Platforms have been granted 331 patents till March 2024

Musk's Starlink wins as Centre denies Ambani, Mittal spectrum auction pitch

Narendra Modi-led government faces task of luring foreign investment especially from heavyweights like Musk and balancing it with the demands placed by local wireless firms led by Ambani and Mittal

IMC 2024: Satcom takes centre stage as Sunil Mittal says 'buy spectrum'

No auction of satellite spectrum: Telecom minister

A general framework for Cloud-driven AI needed, says Jio executive

Jio aims to provide subscription-based AI services to small businesses across sectors

Indian data should remain in Indian data centres, says Akash Ambani

Ambani also urged the government to expedite the draft of the 2020 data centre policy

Reliance results: Weak O2C, Retail biz to keep shares sideways, say experts

RIL share price: Some brokerages have also cut Reliance Industries (RIL) share price targets, factoring-in the sluggishness seen in oil-to-chemical (O2C) and retail verticals

Tech wrap Oct 15: Nothing Phone 2a, JioBharat phones, Realme P1 Speed, more

Nothing schedules Phone 2a community edition unveiling for October 30. Reliance Jio launches JioBharat series 4G feature phones at India Mobile Congress 2024. Realme P1 Speed 5G launched in India

Elon Musk takes on Ambani over satellite spectrum allocation in India

The disagreement centres around whether satellite broadband spectrum should be auctioned or administratively allocated in India

Reliance Jio launches JioBharat V3 and V4 4G feature phones at IMC 2024

Both the JioBharat V3 and V4 feature phones come equipped with a suite of Jio services, including JioTV, JioCinema, and UPI with JioPay. These are priced at Rs 1,099 and will be available soon

Jio Platforms Q2FY25 results: Higher tariffs see net profit at Rs 6.5K cr

ARPU rises to Rs. 195.1 after 4 quarters, but subs fall after 7-quarter growth streak

Atul Greentech partners with Jio Platforms for electric vehicle solutions

Atul Auto subsidiary Atul Greentech on Monday said it has partnered with Jio Platforms Ltd (Jio) to offer electric vehicle solutions to its customers in domestic and global markets, including South America, the European Union and Eastern Africa. The partnership will focus on all three-wheeler platforms of Atul Greentech including MOBILI for passenger vehicles and ENERGIE for cargo vehicles, Atul Auto said. This collaboration leverages Jio's advanced IoT mobility technology, integrating hardware, software, and connectivity to provide real-time telematics data and high reliability for users, the company said. Integrating the Jio Telematics plus Network Connectivity in the solutions will help offer a range of features to EV owners, including tracking, vehicle health monitoring, safety-security, and navigation-routing, ensuring a seamless usage experience, it added. "Atul Greentech is looking to open new ways to responsibly choose partners to rapidly scale up electric vehicle productio

Satellite spectrum battle: Ambani calls for auction; Musk backs allocation

While Starlink and Amazon's Project Kuiper are batting for administrative allocation of satellite spectrum, Reliance Industries argues that auctions are necessary to ensure a fair playing field

Jio financial services unveils new app packed with features and upgrades

Jio Financial Services on Friday announced the launch of a new and improved JioFinance App that offers a range of services, including loans, savings accounts, UPI bill payments, recharges, and digital insurance. A beta version of the JioFinance App was launched on May 30, 2024. Over six million users have experienced Jio Financial Services Ltd's (JFSL) new-age digital platform, and the valuable customer feedback received was instrumental in improving the app's overall user experience. "A wide array of financial products and services have been added since the Beta launch, including loans on mutual funds, home loans (including Balance Transfer), and loans against property. These loans are available at competitive terms and will offer substantial savings for our customers," JFSL said in a statement. The new app is now available on the Google Play Store, Apple App Store and MyJio, with a wide range of attractive offerings, it said. On the savings front, the digital savings account from

BIF opposes Jio's demand of revising consultation paper on Satcom rules

Industry body Broadband India Forum on Tuesday opposed Reliance Jio's demand for revising the consultation paper on Satcom spectrum rules. Reliance Jio has urged telecom regulator Trai to come up with a revised paper on spectrum allocation for satellite communication, alleging that it ignores the key points of ensuring a level-playing field between satellite and terrestrial services. Without naming Reliance Jio, Broadband India Forum (BIF) said the argument for a 'level playing field' between satellite-based and terrestrial communication services is fundamentally flawed, demonstrating a profound misunderstanding of the technologies and the law. "In a desperate attempt to confuse all, stakeholders' have questioned the regulator's preference or 'tilting of preference' on the administrative allocation of satellite spectrum, advocating for auctioning such airwaves. "This seems to be a direct defiance of the Telecommunications Act passed by the highest legislative authority of the count

Jio urges Trai to review consultation paper on satellite spectrum

Reliance Jio has urged telecom regulator Trai to come up with a revised paper on spectrum allocation for satellite communication alleging that it ignores the key point of ensuring level-playing field between satellite and terrestrial services. In a letter to Telecom Regulatory Authority of India (Trai) Chairman, Anil Kumar Lahoti, Reliance Jio has sought revision of the consultation paper on recommending rules for "terms and conditions for the assignment of spectrum for certain satellite-based commercial communication services". "We are surprised that the consultation paper has completely overlooked the critical issue of ensuring level-playing field between satellite-based and terrestrial access services. This omission has resulted in the lack of any questions addressing the need to create a level-playing field between these services," Reliance Jio (RJIL) said in a letter dated October 4. Jio said that due to the omission of this point, stakeholders will not be able to adequately ..

Vodafone Idea expands long-term partnership with Ericsson for 5G rollout

As part of the new agreement, Ericsson will upgrade Vi's existing 4G networks and introduce 5G in key areas, including Delhi, Kerala, Chhattisgarh, and Rajasthan

Telecoms may be holding off on 5G expansion to strengthen 4G: Here's why

Major telecom service providers in India Reliance Jio, Bharti Airtel appear to be prioritising 4G expansion over 5G

BSNL's market share gain from lower tariffs unlikely to impact Airtel, Jio

Analysts believe market share gains by Reliance Jio and Bharti Airtel will continue

BSNL adds 2.9 mn users after telecom rivals hiked tariffs in July

State-owned telecom company was the only one in industry not to raise tariff