Page 16 - Reliance Jio

Sanjay Mashruwala resigns as MD of Reliance Jio with effect from June 9

Sanjay Mashruwala, one of the two managing directors at Reliance Jio, has resigned from the company, the firm said in a stock exchange filing. Mashruwala, 76, has been a key executive with Reliance since founder Dhirubhai Ambani's times and has been involved with several of its projects and business initiatives. He will leave Jio effective from June 9, the firm said. Pankaj Mohan Pawar, the other managing director, will continue, according to a BSE filing. "This is to inform that Sanjay Mashruwala, Managing Director, has tendered his resignation as Director of the company, effective from June 9, 2024," the filing said. Mashruwala, 76, is an accomplished professional and has been the Managing Director of the company since 2013. "The Board placed on record its appreciation for the contributions made by Sanjay Mashruwala in the transformative journey of the company," it said.

Reliance Jio Q4 results: Profit rises 13.2% to Rs 5,337 cr, revenue up 11%

Reliance Jio Q4FY24 revenue went up 11% to Rs 25,959 crore

Opening up several high band spectrum not enough for 5G, say telcos

Telecom service providers have pushed instead for opening up the 6 gigahertz band for auctions

Should you subscribe to Vodafone Idea FPO? Analysts weigh in

Analysts say while the fundraising could strengthen Vodafone Idea's infrastructure, the company faces challenges on the financial front

Porting requests at 8-month low; Voda biggest loser among major providers

In Feb 2024, subscribers made nearly 12 mn portability requests, lowest since June 2023

Jio adds 3.59 million users, corners 40% of market share in February

The company's growth has largely come at the expense of Vodafone Idea (Vi), which has been experiencing significant customer attrition for the past 23 months

Private equity investment falls 6-year low to $24.2 billion in FY24

Despite the slowdown in the financial year gone by, private equity firms and bankers are optimistic about the future

India had 14th highest median 5G download rates in Q4 2023: Ookla

Jio's 5G network reported a quicker video start time of 1.14 seconds than Airtel's 5G network, which was 1.99 seconds

Jio cements market lead with 4.18 mn mobile subscriber addition in Jan

India's largest telecom company Reliance Jio added 41.78 lakh mobile subscribers in January 2024, according to data released by the Telecom Regulatory Authority of India (TRAI) on Monday. Sunil Mittal-led Bharti Airtel upped its wireless subscriber count by 7.52 lakh, taking its mobile tally to 38.24 crore in January. Vodafone Idea continued to bleed on the subscriber front, and the troubled telco lost 15.2 lakh wireless subscribers. Its mobile subscriber base stood at 22.15 crore in January, as per TRAI data. Jio cemented its position in the telecom market and added 41.78 lakh wireless subscribers, as the January gains pushed up its mobile users tally to 46.39 crore.

Reliance jumps 4% as Goldman Sachs sees up to 56% upside in stock by FY26

The brokerage has raised its target price to Rs 3,400 from Rs 2,925 in a base-case scenario, reflecting a potential upside of 18 per cent from RIL's last close

Telecom giants shift focus to tier-based post-paid tariffs to boost revenue

Higher-priced family-pack bundles offer multiple mobile connections, generous data allowances, and subscriptions to popular OTT streaming apps to encourage users to upgrade to higher-ARPU-generation

Will Tata Motors drive out of Nifty, Sensex, MSCI, FTSE? What analysts say

In the past one year, shares of Tata Motors have been in top gear and have outperformed all stocks that comprise the Nifty Auto index with a rise of nearly 131 per cent during this period, shows data

Can Disney-Reliance combine redefine the Indian advertising market?

The Disney-Reliance combine will have enormous reach, market muscle, and a unique combination of broadcast and digital

India Inc pushes capital expenditure as capacity utilisation nears 75%

Reliance Industries is also investing in a battery giga factory in the new energy business vertical that will be ready by 2026 even as its capex in Reliance Jio in 5G rollout is almost over

RIL-Disney 'game-changing' deal gets a thumbs-up from analysts

The development will be negative for other players such as Zee, analysts said, who will now have to compete with a much larger entity

Reliance, Disney form joint venture to merge TV, OTT business in India

RIL to invest $1.4 bn in JV; Nita Ambani named chairperson, Uday Shankar vice-chairperson

Here's how Centre is gearing up BSNL to compete with private telecom peers

The measures include network upgradation, employee cost rationalisation and a proposal to provide more value-added services

DoT will not intervene in 2G network shutdown; parks decision with telcos

Around 50 million 2G handsets are sold annually, with over 500,000 2G base tower stations deployed throughout the country

Telecom subscriber base grows marginally to 1.19 bn in December: Trai data

Telecom subscriber base in the country grew marginally to 119 crore in December 2023 on account of new subscriber addition by Reliance Jio and Bharti Airtel, according to a Trai report published on Thursday. The broadband subscriber base also grew marginally to 90.4 crore, accounting for about 76 per cent of the total subscriber base, as per the monthly subscriber report published by the Telecom Regulatory Authority of India (Trai). "The number of telephone subscribers in India increased from 1,185.73 million at the end of November to 1,190.33 million at the end of December, showing a monthly growth rate of 0.39 per cent," the Trai report said. Reliance Jio added 39.94 lakh mobile subscribers while Bharti Airtel onboarded 18.5 lakh. However, the growth was mitigated with Vodafone Idea (VIL) losing 13.68 lakh mobile customers, state-run BSNL 1.5 lakh and MTNL 4,420 mobile customers. Wireline subscribers increased to 3.18 crore at the end of December 2023 from 3.15 crore at the end

RIL in talks for stake in Tata Play, may buy Disney's 29.8% share

JioCinema may offer entire content suite to Tata Play customers