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Jio developing homegrown 5G telecom solution: Ambani

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Richest Indian Mukesh Ambani on Wednesday announced his group's digital arm Jio developing a homegrown 5G telecom solution. "Jio has designed and developed a complete...

Intel Capital to buy 0.39 percent stake in Jio Platforms for...

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Electronic chip maker Intel's investment arm, Intel Capital, will buy 0.39 percent stake in billionaire Mukesh Ambani's digital unit, Jio Platforms, for Rs 1,894.50...

Jio Mart, an online venture of Reliance Retail ltd is all...

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After 2 years of continuous planning Reliance Industries Ltd through its retail segment Reliance Retail Ltd is all set to challenge the global e-commerce giants Amazon and Walmart with its new eCommerce venture. The announcement got aired after the company started sending the invites to its Jio users to get registered on a new venture named ‘JioMart’ and get discounts on Monday.

From merger-to price hikes, the journey of the telecom industry from...

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There is a lot more for the telecom industry in 2020. Although TRAI’s setting up prices for voice and data services and its decision to continue with IUC regime ailing with terrific hikes are positive indicators of the good year but the approval to conduct the next spectrum by the Digital Communications Commission in March-April 2020 is expected to affect the financials of telcos.

Bharti Airtel and Vodafone Idea to introduce new prepaid recharge plans...

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Good news for Bharti Airtel and Vodafone Idea prepaid customers! Both the Telecom operators have announced shipping free outgoing calls under new plans that came live on December 3.

R-Com lost Rs 30,142 crore, Anil Ambani resigns as director

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Four people, including Anil Ambani, chairman of the bankrupt closed telecom company Reliance Communications (R-Com), have resigned as directors of the company. According to the quarterly results released on Friday, the company had a loss of more than 30 thousand crores. This is the second largest loss in corporate history after Vodafone-Idea.

Rs 30,142 crore loss to debt-ridden Reliance Communications

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The private sector is facing tremendous recession these days. The impact of the economic slowdown on many multinational companies is clearly visible. Reliance Communications (RCom), one of the country's leading companies, is also not untouched by this. Debt-ridden Reliance Communications (RCom) has a consolidated loss of around Rs 30,142 crore in the July-September quarter. In view of the decision on the statutory arrears by the Supreme Court, the company's losses have reached such a high level due to the provision for liabilities.

Vodafone-Idea has the biggest loss of Rs 50,921 crore in corporate...

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Vodafone Idea reported a loss of Rs 50,921 crore in the second quarter due to adjusted gross revenue (AGR). Earlier, the company had a loss of Rs 4,947 crore in the second quarter of last year. This is the largest quarterly loss yet in India's corporate history.

The Supreme Court gave a shock to the telecom companies, they...

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In a major setback to Vodafone Idea, Airtel on Thursday, the Supreme Court has ordered them to pay the central government Rs 92 thousand crore. This led to a big drop in shares of telecom companies. The court has said that these companies will have to pay adjusted gross revenue (AGR). There was a long-running dispute between the Department of Telecommunications and the telecom companies regarding this issue.

Jio Ditched Its Users on Diwali, Subscribers will have to pay...

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Reliance Jio has announced to take money for calling, giving a big shock to its customers. Jio customers will now have to pay to talk on the phone. According to a Jio statement, Jio's customers will have to pay 6 paise per minute to call another company's network, although calling from Jio to Jio's network will be free as before.
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