Tag: reliance jio

Google will pick up a 7.7 percent stake in Reliance Industries' technology venture for Rs 33,737 crore, richest Indian Mukesh Ambani said on Wednesday. "We...

Reliance Industries Ltd on Friday reported its highest-ever quarterly consolidated net profit of Rs 11,640 crore or $1.6 billion for the quarter ended December 31, 2019, rising by 13.5 per cent on a year-on-year basis.

Telecom executives Bharti Airtel and Vodafone Idea have attempted to join hands with questionable Chinese firm Huawei for the upcoming 5G trials. The two operators and Reliance Jio, have presented their programs for the hearings on Wednesday, the last day of application.

The 5G tests in India might be delayed further as telecom titans — Reliance Jio, Bharti Airtel and Vodafone India — are intending to seek expansion on the January 10 deadline to present their programs for the same.

Reliance Jio customers will now be able to do voice and video calls using WiFi networks as the telecom executive has begun its voice and video over WiFi service across the nation. The service will enable Jio customers to utilize any WiFi network for Jio WiFi-calling at no extra cost.

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.

The Indian tycoon Mukesh Ambani saw his wealth surge $18 billion in 2019 taking his net worth reaching $61 billion. This massive increase has...

Bharti Airtel, one of the biggest telecom operators, has withdrawn his bid to purchase the assets of Reliance Communications. They alleged the act of the Committee of Creditors as biased and Unfair, i.e., their act of extending the time limit of submitting the bid. CoC extended the time limit by ten days for submitting the bid on the request made by Reliance Jio.  Harjeet Kohli, who is the finance director of Bharti Airtel wrote a letter to the resolution professional and without naming Reliance Jio said that the committee of creditors rejected their request to extend the time for submitting the bid for Reliance communication. Still, surprisingly the dates have now been extended to accommodate a bidder.

In the telecom business these days, there is speculation of UK company Vodafone preparing to exit its business from India. An email sent by...

Telecommunication is one of the boomed markets flourishing at the fastest pace and has also played a major role in the growth of the Indian economy. This connectivity revolution powered the technology giants to reach hundreds of millions of Indian youth to get into its grid creating a golden opportunity to improve their prospects. Then why the Indian government is in an urge to push back the telecom businesses into debts or rather say in the state of bankruptcy? Why can’t it let the sector to be flourishing healthily?