Internet user base rises 3.4% to 743 mn at Mar-end; Jio commands over 52% market: Trai data

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NEW DELHI: The number of internet subscribers in India increased to over 743 million at the end of March 2020, clocking a growth rate of 3.4 per cent on a sequential quarter basis, showed Trai data on sector’s quarterly performance. Reliance Jio led the chart grabbing 52.3 per cent of the overall market share, followed … Read more

Luckily for Airtel & Jio, NCLAT will now decide on spectrum as bank security: Kapil Sibal

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If the economy is on a decline and the cost of capital is very high and the returns are low, naturally the telecom sector or any other sector would go under, says the counsel of Bharti Airtel. When it comes to Bharti Airtel and your client, the markets are giving a massive thumbs up. What … Read more

The era of 10-12% return on FDs is never coming back: Axis Bank CEO

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NEW DELHI: India is at the fag end of the interest rate cut cycle, but the era of 10-12 per cent interest rates on fixed deposits is never going to come again. That was the message from Amitabh Chaudhry, MD and CEO of Axis Bank on Thursday. In order to cushion the impact of Covid-19, … Read more

Travesty if rivals made to pay each other’s dues: Reliance Jio Infocomm to SC

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MUMBAI | NEW DELHI: Reliance Jio Infocomm informed the Supreme Court that it would be a “travesty” of the law if rival telcos are made to pay each other’s dues. In an affidavit in the top court on Monday, the telco said the Department of Telecommunications had created “misunderstandings” over the statutory liabilities and that … Read more

Q1 Takeaways: BP deal & lower tax kept RIL cash register ringing

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NEW DELHI: Riding on a one-time gain from the divestment of its fuel retailing business and a superlative performance of its telecom venture, Reliance Industries (RIL) managed to get back to reporting net quarterly profit above Rs 10,000 crore. The numbers were on the expected lines, but a sharp drop in revenue from petchem business, … Read more

QIA | Jio Fiber: Qatar sovereign fund in advanced talks with RIL for $1.5 bn investment in JioFiber: Report

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Qatar Investment Authority (QIA)’s proposal to invest $1.5 billion (about Rs 11,200 crore) in JioFiber is gathering pace, Mint has reported quoting sources. According to the report, the sovereign fund’s talks with Reliance on the deal are now at an advanced stage. Mukesh Ambani-led RIL has already raised over $20 billion via stake sales in … Read more

Expect a Jio like monetisation in Reliance Retail too: Daljeet Singh Kohli

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Probably it is time for Reliance to cool off a bit and that will be good for a bigger run in the future. If it cools off, that will be the right opportunity to buy this stock. One should definitely look at it then, says the Valentis Advisors Fund Manager. After an action-packed week, it … Read more

Mukesh Ambani has recast Reliance as a one-stop shop for every Indian

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Mukesh Ambani has taken Reliance from oil to omnipresenceWith disciplined execution, Mukesh Ambani has turned Reliance Industries from a petrochemicals business into a digital behemoth designed to meet every consumer need. This last decade has changed things so dramatically for RIL that as a consumer you just couldn’t avoid Reliance. Source link

JioMeet unveils additional security features to prevent hacking

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Reliance Industries’ unlimited free video conferencing app JioMeet on Tuesday added additional security features to prevent Zoom-like attacks where hackers posted obscene images on screens. JioMeet, which allows up to 24 hours of free video conferencing that are encrypted and password-protected, has added a safety feature that gives the conference host to disallow guests from … Read more