Page 22 - Reliance Jio

Markets end at record closing highs; Sensex tops 67,500, Nifty nears 20,000

Closing Bell on July 20: The market discovered price of Jio Financial Services as Rs 261.85 per share, much higher than estimates

Jio Financial listing: NBFC stocks must cross key hurdles to resume rally

Listed NBFC stocks are currently facing selling pressure at higher levels, show technical charts

All eyes on Jio Fin price discovery, special session by bourses on Thursday

Street estimates range from Rs 150-240 per share for RIL's financial services arm

Rooter ties up with Reliance Jio to telecast gaming, esports content

To access the app on the home TVs, Jio Set-Top Box subscribers will be able to download Rooter directly from the JioStore

Reliance Jio to sign 5G equipment deal worth $1.7 billion with Nokia

Reliance's purchase from Nokia is in addition to the $2.1 billion worth of 5G equipment that it is already buying from Sweden's Ericsson

Jio ahead of Airtel in 5G rollout, owns 79% base transceiver stations

Its rival Bharti Airtel, the only other player in the 5G game, is significantly behind at the moment, with only one-fourth the number of Jio's 5G BTS towers

TMS Ep469: JioBharat phone, Ajit Pawar's switch, durable stocks, NLMC

Will the Rs 999 JioBharat 4G phone disrupt the market? Has Ajit Pawar's switch dented opposition unity? How will poor sales impact durable stocks? What's National Land Monetisation Corp? Answers here

Reliance Jio fishes in 2G user waters with 4G-powered Bharat Phone

Nearly 70 per cent of the 2G subscribers use 2G phones priced over Rs 1,000

Sensex soars 274 pts, Nifty near 19,400 as Bajaj Fin leaps 7%, Hero Moto 5%

Closing Bell on July 4, 2023: The rally was led by Bajaj Finance, Bajaj Finserv, Hero Moto, Tech M, TCS, Wipro, Sun Pharma, Kotak Bank, Infosys, Cipla, HCL Tech, SBI, HDFC twins, and ICICI Bank

Jio's new low-cost phone unlikely to disrupt telecom market: Analysts

Jio's launch also comes about a month after India's cabinet approved a $10 billion revival package for loss-making state-owned telecom operator BSNL to help deploy 4G and 5G services

How do brokerages view Reliance Jio's new feature phone offering?

Brokerages estimate that the launch of 'JioBharat' phones could disrupt the 2G market, and delay the tariff hike discussions in the near-term

Reliance Jio launches entry-level UPI, 4G-enabled JioBharat phone at Rs 999

The company said that apart from Reliance Retail, other phone brands (starting with Karbonn) will adopt the 'Jio Bharat platform' to build 'Jio Bharat phones'

Jio leads 5G roll out, Bharti likely to lose market share: Report

Bharti Airtel's 5G network rollout has been more "measured" and lags behind its biggest rival Reliance Jio, according to an analyst report. Analysts at investment services provider JP Morgan in the report said the measured coverage could prompt a higher capital expenditure over the next 12-18 months by Bharti Airtel, which could face potential market share losses if the coverage gap is not closed. "Bharti Airtel lags Reliance Jio in most metrics across circles, suggesting a modest relative pace of roll-outs across 21 circles, implying higher capex risk and potential market share losses if not closed," the report said. The study, based on the analysis of a recent OpenSignal report, mentioned that 5G BTS rollouts in India have gathered pace in 2023, with 2,53,000 deployments till June 19. Equity research firm Jefferies in its analysis of subscriber data released by the telecom regulator Trai for April said that expanding subscriber base was led by Jio's 4.7 million active subscriber

Mobile user base drops 0.8 mn in Apr; Jio gains 3 mn subscribers: Trai data

Reliance Jio gained 3 million subscribers for the second straight month, almost equal number left Vodafone Idea

Musk, Tata & Mittal on one side, Ambani on other for satellite spectrum

Elon Musk wants his Starlink to beam down wireless internet in India from satellites orbiting the earth, but the licensing regime his group favours has put him at odds with Mukesh Ambani's Reliance. After meeting Prime Minister Narendra Modi in New York last week, Musk on June 21 said he was keen to launch Starlink in India that "can be incredibly helpful" in bringing the internet to remote villages that lack on-ground infrastructure. But Starlink wants India to just assign a license for the service and not insist on auctioning the signal-carrying spectrum or airwaves. This stand finds Musk on the side of Tatas, Sunil Bharti Mittal's firm, and Amazon, who too prefer the same route. But Ambani's Reliance says there must be an auction of spectrum for foreign satellite service providers to offer voice and data services to provide a level playing field to traditional telecom players who offer the same services using airwaves bought in government auctions. "India's space-based ...

Jio Satellite Communications favours auction, Bharti Airtel opposes

Jio Satellite Communications is the only satellite communication firm that has favoured auction for the allocation of spectrum while other players in the segment, including telecom operator Bharti Airtel, have opposed it. Elon Musk-owned SpaceX too has suggested an auction model but it is not for the auction of spectrum but bids in the form of a percentage of annual revenue as spectrum value fee in lieu of upfront currency bids. Jio Satellite Communications Limited (JSCL) in its counter-comment submission to the Telecom Regulatory Authority of India (Trai) toed the line of its sister concern Reliance Jio Infocomm to suggest auction as the best and legitimate method to allocate radiowaves frequencies. "We submit that JSCL supports an auction-based process for spectrum assignment for space-based communication services. The auction-based assignment provides equal opportunity to all service providers and brings requisite regulatory certainty and predictability by being a legally sound .

Reliance Jio in talks to raise about $1.6 billion for equipment from Nokia

Banks involved in the discussions with billionaire Mukesh Ambani's telecoms company include Citigroup Inc., HSBC Holdings Plc. and JPMorgan Chase & Co., said the people

Musk eager to bring satellite broadband 'Starlink' to India, Ambani resists

Starlink is at odds with Reliance over the government's distribution of satellite broadband spectrum, setting the stage for a battle between two of the world's richest men for satellite services

TMS Ep458: Biparjoy cyclone, JioCinema, equity markets, MQ-9B drone

What are the economic implications of Biparjoy? After telcos, is Jio coming for OTTs? Where to invest as markets trade near record highs? What is the MQ-9B 'predator-B' drone? Answers here

JioCinema resumes digital innings with India's tour of West Indies 2023

The all-format bilateral tour starts July 12 with the first Test in Dominica followed by the second in Trinidad