Page 9 - Reliance Jio

Analysts eye 34% upside in RIL post Q3; Jefferies, Citi, CLSA, MS upbeat

Given the strong Q3 & recent correction in the stock, most brokerages remain optimistic about RIL' future prospects & potential in the stock. Emkay upgraded RIL to 'Buy', citing attractive valuations

Higher tariffs boost Jio Platforms Q3 net profit by 26% to Rs 6,861 crore

ARPU crosses Rs 200, subscriber growth resumes after a quarter

Reliance Jio Q3FY25 results: Net profit jumps 24% to Rs 6,477 crore

Reliance Jio, India's largest telecom operator, on Thursday reported a 24 per cent jump in its October-December quarter net profit as average per-user revenue rose largely due to tariff hike. Its standalone net profit of Rs 6,477 crore in October-December 2024 compared to Rs 5,208 crore in the same period a year back and Rs 6,231 crore in the preceding July-September 2024 quarter, according to a stock exchange filing by the company. Jio's revenue from operations was up at Rs 29,307 crore from Rs 25,368 crore in October-December 2023.

Reliance Jio ties up with Polygon Labs to bring Web3 to 450 million users

Blockchain collaboration aims to expand Web3 applications beyond cryptocurrency for Jio's vast customer base

Jio Finance plans first local debt market foray amid tightening RBI rules

However, Jio will borrow from the local currency debt market first to leverage its top credit rating, the people said. Crisil Ratings graded its different debt facilities at AAA with a stable outlook

ARPU gains, dividend trigger for Bharti Airtel as telecom enters new phase

Airtel, with industry-leading ARPU and subscriber growth, may also see a 60 basis points (bps) growth in operating profit margin

Reliance Jio ramps up AirFiber for faster 5G monetisation before 2025 IPO

Reliance Jio targets one million monthly AirFiber additions to boost 5G monetisation, with ARPU growth and subscriber expansion driving momentum ahead of a potential late-2025 IPO

Mobile users can now opt for voice and SMS recharges without data charges

The data from telecom operators reveals that a whopping 150 million users in India still use feature phones that highlights the need for the non-data-specific recharge options

Tariff impact: Reliance Jio loses 3.76 million users in October 2024

Airtel adds 1.9 million users after 3 months, BSNL grows base

Jio loses 3.76 mn wireless subscribers in Oct but tops up on 'active' users

India's largest telecom operator Reliance Jio lost 37.6 lakh wireless subscribers in October but spruced up its active mobile subscriber base by adding 38.47 lakh users, as per monthly data released by telecom regulator Trai on Monday. Overall, Bharti Airtel added 19.28 lakh users to its wireless coffers during the month and its active subscriber gains were about 27.23 lakh for October. Vodafone Idea lost 19.77 lakh wireless subscribers and its active subscriber base fell nearly 7.23 lakh users. Overall, so far as headline numbers are concerned, Reliance Jio's total wireless tally slipped to 46 crore in October down from about 46.37 crore in September, although its active user base (a key monitorable for telcos) strengthened. The total wireless user base of Vodafone Idea fell to 21.04 crore in October from 21.24 crore in the previous month. In all, the total number of active wireless subscribers in the month under review was 1,066.67 million (106.6 crore), as per Trai's sectoral .

Bharti Airtel clears all dues for 2016 spectrum, prepays Rs 3,626 crore

Airtel has cleared dues from 2012 and 2015 auctions earlier this year

Tech wrap Dec 18: Samsung Galaxy Unpacked, Realme 14x 5G, JioTag Go, more

Samsung Galaxy Unpacked in January. Realme 14x 5G launched. JioTag Go Android tracker. OnePlus 13 series launch event. Poco M7 Pro, C75 5g launched. Apple Maps

JioTag Go: Reliance Jio unveils tracker backed by Google's 'Find My Device'

Priced at Rs 1499, JioTag Go is now available in multiple colour options on JioMart, e-commerce platform Amazon, Reliance Digital stores, and My Jio Stores

Ploughing through ad turf: TAFE, AGCO turn advertising soil for Massey

Tractor rivals resort to media campaigns to stamp their claim on the iconic brand

Jio BlackRock appoints George Heber Joseph as 1st chief investment officer

Joseph's appointment is among the first in the key positions of the AMC. The company is yet to announce a chief executive officer (CEO)

Reliance, ReNew, others submit bids under green hydrogen transition scheme

As many as 14 firms, including Reliance Green Hydrogen and Green Chemicals, ReNew E-Fuels, Waaree Clean Energy Solution, and Avaada Green H2 have submitted bids under the green hydrogen transition scheme. The maximum benefits available under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme (Mode-1-Tranche-II) is Rs 5,400 crore. According to a statement by the bid coordinator, Solar Energy Corporation of India (SECI), the technical bids for incentives for green hydrogen production capacity of about 4,50,000 tonnes under the second tranche of the scheme was opened on Monday. The scheme provides for maximum benefit of Rs 50 per kg in the first year, Rs 40 per kg in the second year, and Rs 30 per kg in third year. Thus, the maximum benefit available under the Tranche II is about Rs 5,400 crore. Under the bucket I, the SECI received bids for 6,20,000 tones against the available capacity of 4,50,000 tonnes. Similarly, under the bucket II, bids for 6,500 tonnes we

Kinetic Green, Jio Things to launch digital display platform, analytics

Electric vehicle maker Kinetic Green Energy and Power Solutions on Monday said it has forged a technical collaboration with Jio Platforms Limited's subsidiary JioThings to launch a suite of digital display platforms and analytics. As part of this collaboration, Kinetic Green is unveiling an innovative Smart TFT-based digital and connected display platform to revolutionise the riding experience for its consumers on its E2W platforms, the company said. This advanced display integrates essential features, including real-time navigation, notifications for incoming calls, and information on nearby charging stations, Kinetic Green Energy added. The collaboration will also introduce key features like a built-in Bluetooth and telematics-enabled device to ensure seamless connectivity. This allows users to monitor and manage essential vehicle functions through their smartphones. Riders can access information on navigation, speed, battery charge status, and distance to empty, creating a highl

Reliance-owned Viacom18 acquires Jiohotstar.com domain name after long wait

This final transfer solidifies Reliance's control over the domain, marking the resolution of the extended ownership debate

Tariff impact: Reliance Jio loses 7.96 mn users in Sep, shows Trai data

BSNL continued to be the largest gainer despite lower growth in subs, adding 0.8 million in September

Jio, Airtel, Vi lose over 10 mn mobile subscribers in Sep; BSNL adds users

Private telcos Reliance Jio, Bharti Airtel and Vodafone Idea cumulatively lost over one crore wireless subscribers in September, even as state-owned BSNL surprised with net adds of almost 8.5 lakh mobile users, as per monthly data released by TRAI. Reliance Jio lost 79.69 lakh mobile subscribers in September compared to the previous month, Bharti Airtel (14.34 lakh users), and Vodafone Idea (15.53 lakh users). Bharat Sanchar Nigam Ltd (BSNL) added 8.49 lakh users to its wireless subscriber tally. The wireless subscriber base of Reliance Jio stood at 46.37 crore in September, while that of Bharti Airtel was 38.34 crore. The wireless user base of Vodafone Idea was 21.24 crore as of September 2024. BSNL's gains in September pushed its subscriber tally to 9.18 crore. It is pertinent to mention that the three private telcos had hiked mobile tariffs by 10-27 per cent in July. BSNL, however, refrained from following the footsteps of its larger rivals, and its Chairman and Managing Direc