Reliance Jio
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RIL to now focus on monetization with 'commerce layer'
Business | Sep 07, 2020, 02:01 PM ISTAccording to a research report by BofA Securities, in the last 4 years, with Jio, RIL has been able to build a "digital layer" on top of the existing "physical layer" of retail shops across electronics, grocery and apparels.
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Vodafone Idea rebrands as Vi; 'Reflection of both brands,' says Kumar Mangalam Birla
Business | Sep 07, 2020, 01:47 PM ISTVodafone Idea launched “Vi”, a new unified brand identity in India which will bet big on digital to attract customers and stem exits to rivals Bharti Airtel and Reliance Jio. Vodafone Idea, now VI, is renewing its focus after the AGR verdict a few days ago.
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JioFiber announces 'no-condition 30-day free trial' for new customers
Business | Aug 31, 2020, 03:00 PM ISTNew JioFiber customers activating from September 1, will get the 30-day free trial. Under the unconditional free trial, customers will get 150 Mbps "truly" unlimited internet, 4K set-top box with access to top 10 paid OTT apps at no cost, free voice calling for 30 days.
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Jio-RCom spectrum sharing deal not connected with AGR liability: Sources
Business | Aug 15, 2020, 01:12 PM ISTA Supreme Court bench had on Friday sought to know why Reliance Jio Infocomm Ltd (RJIL) must not pay adjusted gross revenue (AGR) dues of Reliance Communications since it has been using the latter's spectrum since 2016.
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Zuckerberg says Facebook-Jio deal will bring millions of small businesses to WhatsApp
Business | Aug 01, 2020, 11:22 AM ISTFacebook CEO Mark Zuckerberg has said his company's deal with Reliance Jio will bring millions of small businesses on WhatsApp to do commerce.
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US top cyber diplomat tells global telcos to follow Reliance Jio model
India | Jul 22, 2020, 08:53 AM ISTThe United States is urging telecom operators around the world to follow the Reliance Jio template of developing homegrown 5G solutions, while delivering stinging criticism against Chinese telecoms giant Huawei and the consequences of "untrusted" Chinese components in 5G infrastructure.
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World's leading wireless technology Qualcomm to invest Rs 750 cr in Reliance Jio
Business | Jul 12, 2020, 10:18 PM ISTReliance Industries Limited and Jio Platforms Ltd. announced that world's leading wireless technology innovator Qualcomm is committed to invest up to Rs 730 crore in Jio Platforms to bolster Jio's initiatives towards building an advanced digital platform for Indian consumers.
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Jio Platforms receive over Rs 30,000 crore from 4 investors
Business | Jul 11, 2020, 12:54 PM ISTReliance Industries on Saturday said that Jio Platforms received subscription amounts of Rs 30,062.43 crore from four investors for 6.13 per cent stake in total.
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Reliance Jio opens web conferencing app JioMeet for public
Business | Jul 03, 2020, 07:15 PM ISTReliance Jio has opened the JioMeet app for the general public, which can support up to 100 users in a session, according to its website.
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Intel-Jio Deal: US semiconductor giant invests Rs 1,894.5 crore in Jio Platforms for 0.39% stake
Business | Jul 03, 2020, 09:06 AM ISTWith this investment, Jio Platforms has raised Rs 117,588.45 crore from leading technology investors including Facebook, which bought a 9.99 percent stake for Rs 43,574 crore on April 22, Silver Lake Partners (two investments), Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, PIF and Intel.
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Reliance Jio requested to augment data connectivity at 10,000-bed COVID care centre
Business | Jul 02, 2020, 08:15 AM ISTThe South Delhi district administration on Wednesday requested Reliance Jio to augment data connectivity at the 10,000-bed Sardar Patel COVID Centre in Radha Soami Satsang Beas campus in Chattarpur area.
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Mike Pompeo calls Mukesh Ambani's Reliance Jio 'clean telco', says Chinese Huawei deals evaporating
Business | Jun 25, 2020, 09:39 AM ISTCalling Orange in France, Jio in India and Telstra in Australia as 'clean telcos' for refusing to do business with firms from China, US Secretary of State Mike Pompeo has claimed that Chinese tech giant Huawei’s deals with telecommunications operators around the world are “evaporating”.
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Saudi Arabia's PIF buys 2.32% stake in Jio for Rs 11,367 crore
Business | Jun 18, 2020, 07:39 PM ISTReliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.
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Reliance Jio to capture 48% market share by FY25: Bernstein
Business | Jun 17, 2020, 01:42 PM ISTMukesh Ambani's Reliance Jio is likely to capture 48 per cent of Indian mobile subscriber marketshare by 2025 with over half a billion users, Bernstein said in a report on Wednesday.
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L Catterton invests Rs 1,895 crore in Reliance Jio Platforms
Business | Jun 14, 2020, 10:59 AM ISTReliance Industries Limited (RIL) and Jio Platforms Limited, Indias leading digital services platform, on Saturday announced an investment of Rs 1894.50 crore by L Catterton, one of the worlds largest consumer focused private equity firms.
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Jio Platforms sell 0.39% stake to Consumer PE fund L Catterton for Rs 1,895 crore
Business | Jun 14, 2020, 12:24 AM ISTReliance Industries Limited (RIL) and Jio Platforms Limited, India's leading digital services platform, on Saturday announced an investment of Rs 1894.50 crore by L Catterton, one of the worlds largest consumer focused private equity firms.
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Reliance raises Rs 5,683.50 cr from ADIA; 8th deal for Jio Platforms in less than seven weeks
Business | Jun 07, 2020, 09:01 PM ISTReliance Industries on Sunday said it sold 1.16 per cent stake in its digital unit to Abu Dhabi Investment Authority (ADIA) for Rs 5,683.50 crore, taking the cumulative fund raising to Rs 97,885.65 crore that will help pare debt at the oil-to-telecom conglomerate.
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Reliance Industries shares hit 52-week high after Abu Dhabi's Mubadala deal
Business | Jun 05, 2020, 12:12 PM ISTShares of Reliance Industries on Friday gained over 2 per cent to hit their one-year high level after the company announced sale of 1.85 per cent stake in its digital unit, Jio Platforms, to Abu Dhabi-based sovereign investor Mubadala. On BSE, the heavyweight stock jumped 2.38 per cent to Rs 1,617.70 -- its 52-week high.
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Abu Dhabi's Mubadala to invest Rs 9,000 cr in Mukesh Ambani's Reliance Jio Platforms
Business | Jun 05, 2020, 08:58 AM ISTWith this investment, Mukesh Ambani's Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors, including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala, in less than six weeks.
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Reliance Jio 4X Benefit offer announced: See what is it
Technology | Jun 03, 2020, 05:21 PM ISTReliance Jio recently introduced a validity for its Work From Home plans. Read on to know more