Page 25 - Reliance Jio

RIL dips 3% in intraday trade on weaker-than-expected Q1FY24 results

The company reported a 10.8% year-on-year dip in its consolidated net profit to Rs 16,011 crore owing to weak profitability seen in the O2C business

Jio Platforms net profit up 12.5% to Rs 5,098 crore in Apr-Jun quarter

Digital services company Jio Platforms on Friday posted a 12.5 per cent year-over-year rise in net profit at Rs 5,098 crore in the June 2023 quarter on account of subscriber additions and better realisation per user. The company had posted a net profit of Rs 4,530 crore in the same period a year ago. The revenue from operations of Jio Platforms came in at Rs 26,115 crore during the reported quarter, up 11.3 per cent from 23,467 crore over the year-ago period. The net subscriber addition of the company surpassed 90 lakh with total data traffic jumping over 28 per cent YoY to 33.2 billion gigabytes for the quarter. The average revenue per user, measured in terms of ARPU, improved by 2.8 per cent YoY to Rs 180.5 fuelled by better subscriber mix and ramp up of wireline business. Jio Platforms comprises telecom arm Reliance Jio Infocomm, a host of startups, and music and video streaming apps. "5G adoption and FTTH ramp-up drive strong 28.3 per cent Y-o-Y growth in data usage as monthl

Jio Platforms Q1 net rises 12.53% to Rs 5,098 cr; ARPU now beyond Rs 180

On track to finish 5G roll-out before December, says Ambani

Trai said Jio tariffs not violationt: Devusinh Chauhan on predatory pricing

Regulator TRAI has taken a view that tariffs offered by Reliance Jio are not in violation of the tariff orders after it received a complaint that live TV channels on the telco's broadband offering amounted to predatory pricing, Parliament was informed on Friday. The Telecom Regulatory Authority of India (TRAI) received a complaint from a telecom service provider, where it was alleged that Reliance Jio Infocomm Ltd (RJIL) is offering services in contravention of the Tariff orders issued by the regulator. "On receipt of the complaint, TRAI sought response from RJIL. On examination of the complaint and the response received from RJIL, TRAI is of the opinion that the tariffs offered by RJIL are not in violation of the Tariff orders," Minister of State for Communications Devusinh Chauhan said in a written reply in Rajya Sabha. Under the provisions of the Telecom Regulatory Authority of India (TRAI) Act, 1997, TRAI regulates tariffs for the telecommunications sector in the country. The .

Reliance Jio Q1 net profit rises 12% to Rs 4,863 crore, revenue up 9.9%

Reliance Jio's total income during the first quarter rose to Rs 24,127 crore from Rs 21,995 crore a year ago

Top headlines: Jio Financial India's most valued NBFC, turmeric prices soar

Business Standard brings you the top headlines at this hour

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