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Industry shows signs of stabilisation, as incumbent operators manage to expand their wireless broadband user base LATEST NEWS :  Reliance Jio is witnessing continued momentum in subscriber additions even after the company raised tariffs in July. The company added 5.9 million customers, the highest among all telecom operators, in September to take its user base to 138.61 million. The Mukesh Ambani-owned company had added 4.1 million subscribers in August. According to a report by UBS, Reliance Jio’s active subscriber base grew by 7.3 million in September after slowing down to 2.2 million in August. Reliance Jio’s market share increased to 11.7 per cent at the end of September. The incumbent operators have also been able to expand their wireless broadband user base, indicating the industry is stabilising. The Telecom Regulatory Authority of India (Trai) has put out data that shows Airtel gained one million subscribers in September and its market share increas...

Jio mapped out plan to address 100 mn TV households in 30 cities by ensuring dense fibre presence for last-mile connectivity to homes LATEST NEWS :  After its success in mobile telephony, Reliance Jio is preparing to disrupt the market once again. This time in the fixed broadband and television (TV) space. The Mukesh Ambani-led company will launch high-speed fibre to the home (FTTH) broadband in more than 30 cities early next year, to offer TV as well as internet to subscribers, it is learnt. Jio has mapped out a plan to address over 100 million TV households across these cities, including Tier II and III, by ensuring dense fibre presence for last-mile connectivity to homes. In the first phase itself, at least 50 million households will be offered the service, according to sources in the know. Jio has already spread out over 300,000 kilometres of optic fibre (half of which is through a long-term contract with Anil Ambani’s Reliance Communications). In fac...

A rich list is an annual map of wealth creation largely based on stock value and real estate LATEST NEWS    :   Biotechnology pioneer Kiran Mazumdar -Shaw has not given much thought to the latest list of 100 rich persons in India in which she also figures, but says it reflects the state of the economy. The chairperson and managing director of Bengaluru- headquartered Biocon Ltd, with a fortune of $2.16 billion, was placed at the 72nd position on Forbes magazine's annual 'India Rich List 2017'. "A rich list is an annual map of wealth creation largely based on stock value and real estate. I don't give it much thought other than it reflects the state of the economy," she told PTI. Reliance Industries chief Mukesh Ambani emerged as India's wealthiest for the 10th straight year as his net worth swelled to $38 billion (nearly Rs 2.5 lakh crore) while the wealth of 100 richest rose by 26 per cent despite economic hiccups. More than four-f...

Mukesh Ambani remains India's wealthiest with a net worth of $38 bn, Azim Premji distant second Even as the country is facing economic hiccups and the government facing criticisms from various quarters over its handling of the economy, the wealthiest people in India do not seem to be affected. In spite of businesses facing difficulties in the aftermath of the government’s demonetisation of high-value currency last November and its rollout of the goods and services tax (GST) regime in July this year, India’s 100 wealthiest tycoons have seen their combined net worth zooming to a whopping $479 billion, up 26 per cent from $374 billion in 2016. According to the Forbes’ annual list of India’s 100 richest tycoons, Reliance Industries Chairman Mukesh Ambani remains the country’s richest, with a net worth of $38 billion, Wipro Chairman Azim Premji is a distant second on the list with exactly half the wealth. His net worth stands at $19 billion. (read more) Also read this :  ...

This handset could rattle older rivals, but experts are sceptical about mass conversions for Jio LATEST NEWS    :    In a move that may rattle its older rivals, already destabilised by some of the disruptive plans and freebies offered by it in the past months, Mukesh Ambani-backed Reliance Jio on Friday unveiled its ultra-low-cost 4G feature phone. However, the success of the new Reliance Jio mobile phone would be pegged on 2G phone customers doubling their present monthly bill on mobile services. For that to happen, the country’s average revenue per user (Arpu) – currently at Rs 80 for feature phone users and pegged at around Rs 104 overall – will have to go up substantially. To enable that, Jio is offering users an attractive preposition – unlimited calls (earlier the feature phone users had only limited call time), as well as unlimited data with a cap of 0.5 GB per day (earlier they had no or minimal data usage) on a Rs 153 pack. Also, Ji...

Prebooking starts from August 24 onwards, phone will go on sale starting September LATEST NEWS :  Mukesh Ambani-backed Reliance Industries has launched the JioPhone for free during the 40th annual general meet that was held in Mumbai on July 21. The feature phone with smartphone alike features will go on testing beta phase starting August 15 and the preorder will begin starting August 24. The phone will go on sale in September to users who prebook the device. ( The details on how to pre-book with device have yet not been shared by RIL). Even though the phone is effectively free, there is a catch in the form of one-time security deposit fee of Rs 1,500, which is refundable only after 36-months, that the user need to pay. In a bid to bring the 50 crore feature phone customers of India on to  Reliance Jio network, the company launched the phone with cost-effective tariff plans. Reliance Jio is offering free voice, data, Jio apps and SMS to its users at a mont...

Jio feature phone offered free voice, SMS, unlimited data at Rs 153/month LATEST NEWS :    Reliance Industries Limited (RIL) on Friday held its 40th AGM or annual general meeting for shareholders today, at Birla Matushri Sabhagar in Mumbai. On Thursday, Reliance Industries reported its highest quarterly consolidated net profit of Rs 9,108 crore in three-months to 30 June on the back of higher petrochemical margins and one-time gain from sale of African asset. JIO PHONE Net profit in the April-June quarter at Rs 9,108 crore (Rs 30.8 per share) was 28 percent higher than Rs 7,113 crore (Rs 24.1 a share) in the same period of the last financial year, RIL said in a statement. "Strong refining and petrochemicals margin environment contributed to higher operating profits for the quarter," it said. Here are the highlights * Mukesh Ambani says a person who invested Rs 1,000 in 1977 has earned Rs 16.5 lakh in 40 years. * In less than 170 days, Jio hit 1...

While Reliance Jio has revised some of its old plans, it has also introduced new ones too LATEST NEWS : Worried that your Reliance Jio summer offer is coming to an end? Don't worry - Reliance Jio is leaving no stone unturned to keep its customers happy. Jio has revised some of its old plans; your Rs 309 and Rs 509 plans, which give you get 1 GB data and 2 GB per day, respectively, for a total period of 38 days, will now be available for 56 days. The move has come soon after rival Bharti Airtel announced a rollover scheme for its Summer Surprise plan, under which your data benefits do not lapse after a pre-decided validity period. Reliance Jio plans: What's new? Rs 399 plan: The new plans include a Rs 399 scheme for JioPrime customers, offering 1 GB data per day for 84 days. It is similar to what the Rs 309 plan is offering. Rs 349 plan: Under Jio's Rs 349 plan, customers get 20 GB limit data for a period of over 56 days (almost 2 months). No data li...

They are partners in oil and gas exploration but have no such collaboration in fuel retailing biz Latest news : A day before India shifts to a market dynamic system of daily revision of petrol and diesel prices, Oil Minister Dharmendra Pradhan today invited BP plc, Europe's third-biggest oil company, and Reliance Industries to invest in fuel retailing. While RIL already has a fuel retailing license and has some 1,400 petrol pumps on the ground, BP last year got approval to set up petrol pumps in India. "Received CEO of BP Bob Dudley & RIL Chairman Mukesh Ambani . BP and RIL have invested in KG Basin. Invited them to invest in retail as well," Pradhan said in a Twitter post after an 80-minute meeting with the partners. RIL and BP are partners in oil and gas exploration but have no such collaboration in downstream fuel retailing business. BP is the tenth player to enter the lucrative fuel retailing business that is seeing double digit growth, not s...

However, on net basis, RJio continues to add maximum users Latest news :Reliance Jio has begun to witness a slowdown in active subscriber additions. For the first time since September, when Jio stormed into the market, Bharti Airtel has added more active subscribers than Jio. As per reports by Goldman Sachs and ICICI Securities, Jio added 0.4 million active subscribers in April as compared to 2.6 million by Airtel. During the September-October period of last year Jio was adding around 16 million subscribers a month. However, in terms of net additions, RELIANCE JIO continues to add maximum subscribers. It added 3.87 million subscribers in April followed by 2.85 million by Airtel, 0.81 million by BSNL, 0.75 million by Vodafone and 0.68 million by Idea. All other operators lost subscribers on net basis in April. Jio has witnessed a deceleration in its active subscribers in fourth straight month and since the company has started to charge its users from April, the de...

Lowering of these levies can generate Rs 20,000-25,000 cr additional EBITDA for industry Latest news : Mukesh Ambani-owned Reliance Jio on Monday said telcos not investing in new technology and instead leveraging their balance sheet are themselves to blame for financial difficulties. Newcomer Reliance Jio, which met the Interministerial Group (IMG) on Monday said operators need to raise funds by selling stake or invest in new technology through internal accruals. "Operators (excluding Jio) need to invest Rs 1,25,000 crore, payback debt and they need to invest in technology, as growth is happening in data...They can do this by selling stake," said a senior Jio official who did not want to be named. Stating that the financial stress being faced by operators was "their own creation", the official said the only policy intervention required is in form of reduction in GST rates, licence fee and USO levies. Raed this: No duplicate beneficiaries: For ...

The company's revenue for the fourth quarter was Rs 10,332 crore, up 18.9 per cent sequentially Reliance Retail , the retail arm of Mukesh Ambani-led Reliance Industries, reported a 65.6 per cent jump in profit before depreciation, interest and tax (PBDIT) to Rs 366 crore for the quarter ended March 31, against Rs 221 crore in the same period last financial year. The PBDIT stood at Rs 333 crore in the quarter ended December 31. The figures are not strictly comparable, though, as the company put its petroleum retail business under its organised retail segment from 2016-17. The company’s revenue for the fourth quarter was Rs 10,332 crore, up 18.9 per cent sequentially. Revenue for the full year was Rs 33,765 crore ($5.2 billion), up 60.2 per cent as compared to the previous year. But, again, the previous year’s numbers did not include fuel retailing. Read this: 'We don't endorse this': No petrol on Sundays gets thumbs down from govt “The increase in...

Reliance Industries is expected to report night straight quarter of PAT growth The market watchers are keenly awaiting Reliance Industries Ltd’s March quarter results, which the oil & gas major will announce later in the day. While the company is expected to report strong overall numbers amid growth in the refining and petrochemical segment, all eyes will be on RIL’s commentary on Reliance Jio Infocomm, the group’s telecom venture. RIL, now an oil-to-telecom conglomerate, has reported growth in profit after tax (PAT) for eight straight quarters, and beaten consensus PAT estimates in six quarters in a row. READ THIS : Sensex gains 200 points, Nifty stays at all-time high in noon trade "We expect strong earnings, driven by refining and petchem (higher volumes, improved margins). Despite increased losses in domestic E&P (exploration and production), we expect RIL to report a ninth straight quarter on quarter stand-alone PAT growth," analysts with Nomu...

All customers who have already subscribed to the offer would continue to be eligible for it Complying with the   Telecom  Regulatory Authority of India’s (Trai’s) advice, Reliance Jio on Thursday withdrew its Summer Surprise offer. Announced last week, the scheme promised to provide complimentary services to every Jio Prime member for three months starting April 1. The company confirmed complying with Trai’s advice. Under the scheme, all Prime members making their first recharge payment of Rs 303 (or higher) would have got three months’ complimentary services in addition to the benefits of their purchased plan. All customers who have already subscribed to the offer would continue to be eligible for it, the company said. Jio  started billing customers from April 1. The company claimed about 72 million users had subscribed to its Jio Prime service. ALSO READ : Reliance Jio stops Summer Surprise scheme: 5 things to know The complimentary offers by Jio in the...