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Ambani’s JioMeet takes on Zoom

MUMBAI (TIP): India’s Reliance Jio  Platforms, which recently concluded a $15.2 billion fundraise run, is ready to enter a new business: Video conferencing. On Thursday, July 2  evening, the firm — backed by Mukesh Ambani, […]

Business & Economics

JIO EFFECT TANKS 75% AIRTEL Q1 PROFIT

NEW DELHI (TIP): Country’s largest telecom company, Bharti Airtel today posted 74.89% decline in consolidated net profit to Rs 367 crore for the June quarter of the current fiscal, hit hard by the disruptive pricing of newcomer Reliance […]

Business & Economics

TRAI FORCES RELIANCE JIO TO WITHDRAW SUMMER SURPRISE OFFER

NEW DELHI (TIP): Reliance Jio on April 6 decided to withdraw its ‘Jio Summer Surprise’ offer after the Telecom Regulatory Authority of India (TRAI) advised the Mukesh Ambani-led firm to withdraw the three-month ‘complimentary’ offer. […]

Business & Economics

Ambani terms Donald Trump “a blessing in disguise for India”

Donald Trump’s executive order on #TravelBAN may have left the US and the world shocked, but India’s richest businessman believes the new US president may be good for the world’s fastest-growing major economy. “Actually, Trump might […]

Business & Economics

Jio crosses 50 million subscriber mark in 83 days

New Delhi, Nov 28 (TIP) Mukesh Ambani-promoted Reliance Jio has crossed the 50 million subscriber mark in less than three months after its full-fledged 4G services launch to emerge as the largest broadband operator in […]

Business & Economics

60% spectrum unsold, govt mops up 66k cr in auction

NEW DELHI (TIP): The government’s ambitious spectrum auctions fell short of expectations, fetching the exchequer Rs 65,789 crore as it could sell only around 40% of the record 2,353MHz airwaves that had been put up […]

Business & Economics

RELIANCE JIO EFFECT: VODAFONE GETS RS 47,700CR FROM ITS UK PARENT

MUMBAI (TIP): In the largest foreign direct investment in the country since Narendra Modi-led BJP came to power in 2014, Vodafone Plc, Europe’s biggest mobile service provider, has infused Rs 47,700 crore ($7.5 billion) in […]

Business & Economics

BSNL PLANS FREE VOICE, CHEAPER PACKAGE THAN RELIANCE JIO

NEW DELHI (TIP): State-run BSNL will be the first to cut tariffs to better Reliance Jio ‘s offer, a top official said on Wednesday, setting the stage for a price war in the country’s crowded […]

Business & Economics

Airtel, Vodafone, Idea not allowing portability: Reliance Jio to TRAI

NEW DELHI (TIP): Reliance Jio has sought the industry watchdog’s intervention over the three main telecom operators — Airtel, Vodafone and Idea — refusing to allow porting of their subscribers to its own network, in […]

Business & Economics

India’s Telecom Industry set for a BIG change with JIO’s entry & RCom- Aircel Merger

Reliance Communications has finally announced its long-awaited merger with unlisted telecom operator Aircel. It is said to be one of the biggest mergers of the telecom sector. The pressure in the telecom sector has already […]

Business & Economics

RELIANCE JIO LAUNCH SET TO JOLT INDIA’S TELECOM SECTOR

MUMBAI (TIP): Reliance Industries Ltd’s (RIL) telecom unit will start offering services from 5 September, but the commercial launch will be about three months later in 31 December. While the company has stated an altruistic […]

Business & Economics

Ambani launches 4G service for employees

NEW DELHI (TIP): On December 27 evening, on the eve of founder Dhirubhai Ambani’s 83rd birthday and amid a lot of star-studded attraction, Mukesh Ambani launched Reliance Jio, the group’s 4G telecom service, for over […]

Business & Economics

RJio to bring out 4G handsets in Sept before its 4G beta launch

Reliance Jio is set to launch 4G-enabled handsets in the second week of September, ahead of the formal launch of its 4G services. The handsets, priced between Rs 5,000 and Rs 25,000, will see a […]