Page 73 - Reliance Jio

Day 1 of lockdown 3.0: India limps back, but industry still in limbo

With public transport still not allowed in 130 red-zone districts, which comprise some of the economically important urban centres, people took out their private vehicles.

RIL bonds advance after Mukesh Ambani hastens debt-reduction plan

The conglomerate's 3.667% bonds due 2027 rose 0.4 cents on the dollar to 100.28 as of 9:10 am IST, the highest level since March 13

Top headlines: Silver Lake to invest in Jio Platforms; fuel sales fall

Business Standard brings to you a snapshot of top events of the day

After Facebook, Silver Lake to invest Rs 5,656 cr in Reliance Jio Platforms

The deal comes less than two weeks after Facebook made an investment of $5.7 billion to buy a minority stake in Jio Platforms

$5.7 bn Jio-FB deal to become test case for regulatory, security concerns

Already some trader bodies have raised concerns over sharing the customer data with the Reliance group, which also runs modern retail stores under the Reliance Mart brand

Jio-Facebook deal likely to boost adoption of crypto-blockchain in India

Deal may result in Jio piloting a cryptocurrency that can be used for discounts or reward points within its telecom, entertainment and e-commerce spaces once regulatory hurdles are cleared

India business most affected due to Covid-19 outbreak, says Amazon

"The current crisis is demonstrating the adaptability and durability of Amazon's business as never before, but it's also the hardest time we have ever faced," said Jeff Bezos, Amazon founder and CEO.

Amid race to woo small traders, CAIT readies online portal for kiranas

Called bharatemarket.in, the announcement comes at a time when e-tailers Amazon and Flipkart and offline player Reliance Retail are trying to woo small traders

Reliance Industries confident of hitting zero net debt target by December

Focus shifts from Aramco to Jio Platforms deal to achieve the goal ahead of the March 2021 deadline

Aim to extend tech built with Jio to rest of world: Mark Zuckerberg

He added that the company's strong balance sheet proved to be an "important asset" this quarter, enabling it to commit to a "long-term growth priority in India even in the midst of a global crisis"

The making of super apps: Where does India stand after Facebook-Jio deal?

While most of the Super-Apps owes their origin to messaging, the success factor however has been the 'payments' feature which helps them to monetise faster

Reliance Jio reports 127% jump in profit before tax to Rs 2,931 crore in Q4

At the net profit level, aided by lower interest costs, the company recorded a growth of 73 per cent on a sequential basis and nearly trebled over the year-ago period.

The Reliance game plan

The Facebook investment is a high-stakes gambit with dual possibilities

Reliance Jio Q4 profit zooms to Rs 2,331 crore on rising subscriber base

Seen sequentially, the net profit grew 72.7 per cent when compared to Rs 1,350 crore in December quarter

Mukesh Ambani needs to balance the ship; rights issue not very attractive

Mukesh Ambani needs to balance the ship now; RIL rights issue unattractive

Target zero net debt? RIL board to consider rights issue on April 30

Results, dividend, issue of shares to existing shareholders on Thursday meeting's agenda

Reliance begins using WhatsApp for grocery deliveries through JioMart

The Facebook deal will help Ambani set up a digital platform to take on Amazon and Walmart's Flipkart in an e-commerce market

Days after deal with Facebook, RIL starts WhatsApp-based online portal

JioMart, an e-commerce venture of Reliance Retail, went live in three neighbourhoods surrounding Mumbai, leveraging a deal that gives it access to WhatsApp's 400 million users in India

Amazon announces programme to help offline stores leverage power of online

Code-named 'Local Shops on Amazon', the programme expected to help the ecommerce major take on rival Flipkart and Reliance's JioMart

Voda, Airtel may go the Jio way, scout for tech giants looking for tie-ups

Telcos could explore equity tie-ups with tech majors