Page 77 - Reliance Jio
Reliance Jio pays Rs 195 cr to DoT to clear all AGR dues in advance
The company has made provision of Rs 177 crore to pay for the government revenue share based on the Supreme Court judgement dated October 24, 2019.
 "Reliance Jio pays Rs 195 cr to DoT to clear all AGR dues in advance")
A $21-billion telco war comes down to $2; consumers jump into the fray
The country's broken financial system would take a fresh hit; new 5G networks could be delayed; and the government's annual revenue from the sector might get squeezed
 "A $21-billion telco war comes down to $2; consumers jump into the fray")
AGR dues: Telcos dial SC again, seek change in 90-day payment deadline
The court, on October 24 last year, had ordered telecom companies to pay their licence fees and spectrum user charges within 90 days. Failure to do so could lead to contempt of court
 "AGR dues: Telcos dial SC again, seek change in 90-day payment deadline")
CCI clears Reliance's divestment of Jio telecom tower assets to Brookfield
In a tweet on Monday, the regulator said it "approves subscription of the units of Tower Infrastructure Trust by BIF IV Jarvis India Pte., British Columbia Investment Management and GIC Investors.
 "CCI clears Reliance's divestment of Jio telecom tower assets to Brookfield")
Reliance Jio EBIT jumps 60% in Q3, operating revenue rises 28.3%
Jio's subscriber base as on December 31 was 370 million, which shows a 32.1 per cent YoY growth
 "Reliance Jio EBIT jumps 60% in Q3, operating revenue rises 28.3%")
RIL revenues decline 2.5% in Q3; Reliance Retail, Jio boost profit
RIL's net profit for October-December 2019 increased by 13.5 per cent to Rs 11,640 crore, beating street estimates
 "RIL revenues decline 2.5% in Q3; Reliance Retail, Jio boost profit")
Street's contrasting reaction to AGR verdict hints at telecom duopoly
While Bharti Airtel stock price scaled a new high due to fresh buying by investors, Vodafone Idea stock was down 25 per cent as hordes of investors exited the counter
 "Street's contrasting reaction to AGR verdict hints at telecom duopoly")
As e-grocers perfect the art of online sale, Jio effect lurks in background
Mukesh Ambani-led Reliance Industries' upcoming 'new commerce' platform is working hard to get its grocery game right
 "As e-grocers perfect the art of online sale, Jio effect lurks in background")
Mukesh Ambani set to build Alibaba-like $24-bn e-commerce giant for India
The move is the latest sign of the Reliance group's pivot towards data and digital services for future growth, as it builds an online platform to take on the likes of Amazon and Flipkart in India
 "Mukesh Ambani set to build Alibaba-like $24-bn e-commerce giant for India")
AGR dues: Multiple provident funds had loaned money to crisis-hit Voda Idea
Vodafone Idea is required to pay Rs 53,038 crore to the government as per the Supreme Court order which came in October
 "AGR dues: Multiple provident funds had loaned money to crisis-hit Voda Idea")
Voda Idea tanks 39% on AGR blow but Airtel jumps as analysts remain bullish
With this, the telcos will have to together pay an estimated Rs 1.47 trillion in AGR dues that include penalties and interest on penalties by January 23.
 "Voda Idea tanks 39% on AGR blow but Airtel jumps as analysts remain bullish")
Vodafone Idea on the edge after SC's AGR verdict; Jio may gain most
Jio is adding 8-9 million customers every month, so hitting the magic number could take 16-18 months
 "Vodafone Idea on the edge after SC's AGR verdict; Jio may gain most")
Reliance Jio-Microsoft cloud tie-up likely to hurt Amazon Web Services
Microsoft Cloud has traditionally lagged Amazon Web Services in the small and mid-sized business segment in the country
 "Reliance Jio-Microsoft cloud tie-up likely to hurt Amazon Web Services")
Top 10 biz headlines: India Inc gets legal relief, OYO's coffee plan & more
From criminal offences in the Companies Act being slated to be slashed to banks possibly taking a majority stake in DHFL, here are the top business headlines for Monday
 "Top 10 biz headlines: India Inc gets legal relief, OYO's coffee plan & more")
Airtel, Jio, Vodafone Idea submit applications for 5G trials: Report
The 5G trials are widely-expected to begin between January and March
 "Airtel, Jio, Vodafone Idea submit applications for 5G trials: Report")
Now, Reliance Jio users can make calls using any Wi-Fi network: Know more
Aimed at improving call quality in indoor areas, the service works on any Wi-Fi network and it is free for Reliance Jio customers
 "Now, Reliance Jio users can make calls using any Wi-Fi network: Know more")
Subscribers with two SIM cards: The next battlefield for telecom firms
Half of the 390 million users may look at having one mobile number
 "Subscribers with two SIM cards: The next battlefield for telecom firms")
Reliance refers to start-up playbook to grow Jio into internet behemoth
Jio recently started JioMart, its much-talked-about e-commerce venture that is built on top of technologies absorbed from start-up acquisitions
 "Reliance refers to start-up playbook to grow Jio into internet behemoth")
Telecom revenues likely to exceed target by Rs 50,000 crore in 2019-20
In its July Budget, the government had targeted more than Rs 50,519 crore in 2019-20 from the telecom sector, an increase of 28% from the previous year
 "Telecom revenues likely to exceed target by Rs 50,000 crore in 2019-20")
Reliance to venture in e-commerce with Jio Mart, initial roll-out in Mumbai
A dedicated mobile application for Jio Mart is expected to be launched in the coming weeks, which will also be integrated with My Jio and Jio Money applications,