His original goal was to sell a 20% stake in Reliance’s oil and petrochemicals division to Saudi Arabian Oil Co., at an enterprise value of $75 billion, implying a $15 billion valuation for the stake.The Aramco deal, first announced in August 2019, was supposed to help Ambani deliver on a pledge to get rid of his company’s $22 billion in net debt in 18 months. Foreign institutional investors (FIIs) have cut their stake in Bharti Airtel by 258 basis points (bps) and by 99 bps in Vodafone Idea. Bharti Infratel Ltd., incorporated in the year 2006, is a Large Cap company (having a market cap of Rs 44797.51 Crore) operating in Telecommunications sector. For reprint rights: Jio moves Punjab Haryana High Court, blames rivals for acts of vandalism, Airtel’s active customer share edges past Jio’s, Jio, Bharti consolidating market share at cost of Voda Idea: Report, RIL moves court against vandalism, denies contract farming plans, Airtel overtakes Reliance Jio in active user market share in October amid intense fight for subscribers, Telcos need to pay Rs 50K crore for renewing spectrum permits, but only Jio will renew: Analysts, Reliance set to relaunch JioPhone to cash in on rise in usage, Reliance Jio's ARPU can grow to Rs 200 in 1-2 years, Jio and Facebook to accelerate India’s $5 trillion economy push: Mukesh Ambani, Buy Reliance Industries, target price Rs 2240: Motilal Oswal, Bharti Airtel gains as co pips Jio in monthly mobile subscriber addition after 4 years, Excluding investments in Reliance Jio, FDI in Indian telecom sector now at all-time low, Bharti Airtel's margins likely to improve to 45% in 2021: Moody’s, DoT to kick off formal process for spectrum auction this week, Stocks in the news: Ruchi Soya, Union Bank, Mphasis, Reliance Industries and SBI, Mukesh Ambani is under pressure to turn his old-economy conglomerate into a technology titan, Stick to Reliance as value unlocking in retail & Jio continues, No plans to enter contract farming, buy agricultural land: Reliance Industries, RIL's Jio Platforms receives Rs 33,737 crore from Google, Jio's move to make off-net local calls free to have negligible Ebitda impact: Analysts, Bernstein sees Reliance Jio, Retail IPOs in the offing, ups target on RIL to Rs 2,470, Homebred gear vendor Tejas eyes home broadband; to bid for BSNL 4G via system integrator, Scrapping of IUC levy benefit for VIL, neutral for Airtel, some impact for Jio: Credit Suisse, Jio makes off-net domestic voice calls free from January 1, Airtel in pole position in race with Jio to grab struggling Vi’s customers, Reliance Jio nearly trebles Q2 profit to Rs 2,844 crore; revenues up 33%, RIL climbs nearly 3% as Saudi’s wealth fund buys 2.04% stake in RRVL, Buy Bharti Infratel, target price Rs 285: Reliance Securities, Telcos likely to bid for 20-30% of six 4G bands, skip 700 MHz, Spectrum auction decision welcome; lower reserve prices would've allowed more resources: COAI, Address spectrum cost, RoW issues for 5G, FTTH leadership: Reliance Jio MD, Jio Platforms, WhatsApp won't share user data, Airtel, Reliance Jio, Vodafone Idea want “right amount” of 5G spectrum, Reliance Retail unlisted shares defy gravity, quadruple price in 10 months, Farmers, sympathisers continue to target telecom towers, Mukesh Ambani, Sunil Mittal differ on 5G rollout timelines in India, Stocks in news: Lupin, Reliance Industries, KPR Mill, PVR, and more, JioPhone to make a come back next quarter; targeting market leadership, Vodafone Idea hikes prices of two post-paid family packs, Policy initiatives must ensure 5G availability at affordable prices: DoT Official, Bharti Airtel shares jump nearly 13% a day after telco narrows Q2 loss to Rs 763 crore, Stock market news: RIL shares climbs nearly 1%, Infibeam Avenues hits 5% upper circuit limit on deal with Jio. Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1311632.44 Crore) operating in Diversified sector. Reliance Retail has surpassed listed blue chips like HUL and HDFC Bank in terms of market cap. Add to watchlist. Ambani slips 3 places on global rich list: What spooked RIL stock? Sources told ET NOW that the deal is expected to be at similar valuations and could be adjusted for debt. RIL gains over 2% after KKR-Reliance Retail deal, Here’s what brokerages say after Reliance Jio unleashes new postpaid tariff war, Credit Suisse says Aramco may revive RIL deal if oil prices continue to rise, Airtel outpaces Jio on active users in September, Vodafone Idea loses more ground, IMC 2020: Jio says 5G ready, COAI says industry not ready yet, India's smartphone market is set for double-digit growth in 2021, After two years of muted growth, India's smartphone shipments to grow 12-21% in 2021, Stocks in the news: HDFC Bank, IndiGo, CSB Bank, RIL, HDFC and VIP Ind, Jio-invested gaming company Krikey launches mobile game YAATRA, India will be among top 3 economies in the world in coming decades: Mukesh Ambani, CCI approves Google's $4.5 billion deal with Jio, Market Movers: Burger King hits lower circuit for second straight day; midcaps, smallcaps underperform, Stock market news: RIL shares trade flat with a negative bias, Jio unveils new, upgraded 'JioPages'; made-in-India mobile browser supports 8 Indian languages, Over 50% of Indians now recharge phones online, Start accumulating Reliance if it falls below Rs 2,000, Stocks in the news: DLF, Vodafone Idea, Dish TV, Biocon, BPCL and PNB, Reliance starts sales of electronics on JioMart ahead of festive season shopping, India enters crucial phase in fight against Covid; can't let guard down at this juncture: Mukesh Ambani, AGR verdict only partial relief, 'pricing revival' key: Telcos, RIL shareholders lose Rs 1 lakh crore in sharp sell-off, RIL Q2 takeaways: Petchem, Jio outperform; but GRM disappoints. Citing media reports, the company said Telecom Regulatory Authority of India (Trai) was likely to start a consultation process for revision of tariffs. IUC is a charge that is paid by a telco to another operator when its customers make voice calls to subscribers of the rival network, and these charges stood at 6 paise per minute. Some 39 stocks on the BSE flashed the ‘buy’ signal on the MACD indicator during the day. Ambani said Jio will pioneer the “5G revolution in India in the second half of 2021, while Mittal said that it would take 2-3 years for 5G to take roots in India. India’s no. Neither man is known to give up.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. It is a subsidiary company of Reliance Industries Limited. In the last six months to October, nearly four lk users were added every month. Rs 1 lakh crore gone! The Cellular Operators Association of India (COAI), which represents Reliance Jio, Vodafone Idea and Bharti Airtel, besides equipment vendors such as Ericsson and Nokia, called for an overhaul of PPDR communication for public safety and first responder agencies such as police department, fire department, medical teams and armed forces, which is based on legacy technologies such as TETRA, P25 or old analog systems. Reliance Industries started selling electronic products online on Wednesday, in time for festive season shopping and marking JioMart’s entry into India’s e-commerce segment that’s dominated by Amazon and Walmart’s Flipkart. NSE - NSE Real Time Price. A total of 250,525 shares changed hands on the counter till 12:45PM (IST). Jio said the company is fully prepared for 5G, however, director general of the COAI points out the poor financial health of the other two members – Vodafone Idea and Bharti Airtel – said telcos must weigh in on 5G use-cases in rural areas before investing huge capital to generate a meaningful return. It was followed by Reliance Jio with a net addition of 1.46 million and BSNL with 78,454 new customers. This gives the tycoon unrivalled clout at a time when most other companies' balance sheets have been decimated by the pandemic. Why Reliance share price is likely to remain range-bound for a while. Vodafone Idea said that it has started using 3G spectrum for 4G services in Mumbai and claimed that customers in the metro city will get higher data speed with the refarming of spectrum. Opening up on the potential of a technology-enabled ecosystem in propelling the economic growth of a highly diversified nation Ambani said he sees the country accelerating as a premier digital society. Connect with us on Facebook and Twitter. Reliance Industries Limited's market valuation zoomed past the Rs 12 lakh crore mark on Monday, driven by a sharp rise in its share price. In terms of latency, Airtel was the most responsive network with a delay of 24 millisecond, followed by Vi’s 26.5 millisecond and Jio’s 28.5 milliseconds. Mumbai: Reliance Jio Infocomm (Jio) has moved the Punjab and Haryana High Court, seeking urgent intervention of Government authorities in halting destruction of towers and telecom infrastructure belonging to the Mukesh Ambani-owned telecom unit. Close price will be updated after 18.15 hrs on account of joint press release dated February 09, 2018 (joint press release) On Ex-Date, the % change is calculated with respect to Adjusted price (adjustment with respect to Corporate Actions such as Dividend, Bonus, Rights & Face Value Split) The next blizzard of fundraising announcements in his retail arm was just days away. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. Sentiment also took a hit as broader Asian markets were weighed down by uncertainty about Senate runoffs in Georgia, the results of which could have a big impact on incoming U.S. President Joe Biden's policies. “Airtel captured the lion’s share of Vi’s subscriber losses, indicating that subscriber churn is taking place,” the brokerage said in a note to clients. NEW DELHI: Reliance Industries Ltd said that subsidiary Jio Platforms has received Rs 33,737 crore from Google for a 7.73% stake, the US internet giant’s biggest-ever investment in an Indian company.The transaction comes after the Competition Commission of India (CCI) recently approved Google's investments into Jio Platforms and the partnership to develop affordable 4G and 5G Android … ... Google and Reliance Jio had earlier announced developing a complete 5G … They included Vedanta, Firstsource Solutions, NHPC, Reliance Industries, Cadila Healthcare, NIIT and Jubilant Life, among others. RIL didn’t respond to queries but has challenged an earlier Sebi order in the matter in the Supreme Court. Jio is not only looking at the mobile phone segment but also working on other connected devices. Reliance Industries share price rose over 22% in trade today amid a report that Facebook was reportedly planning to buy a multi-billion dollar stake in Reliance Jio. But in the preceding weeks Ambani, 63, had struck deals with some of the world's leading tech giants to sell stakes in Reliance's digital venture. The company has the distinction of being the largest retailer in the country. Chandigarh: Reliance Jio Infocomm, the telecommunication arm of Reliance Industries Limited (RIL), has moved the Punjab and Haryana High Court seeking action against those responsible for damaging its infrastructure in Punjab. The auctions in 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 2500 MHz bands will be the first conducted after 2016. Jio Platforms and WhatsApp will not share their user data except to the extent required to enable transactions between ecommerce platform JioMart and Facebook’s messaging and payments platform, people familiar with the matter in both companies said. Sources, meanwhile, said the previous version had seen over 14 million downloads and all those users would be upgraded to the latest version in a phased manner. Current Market cap of Reliance (NSE:RELIANCE) = ₹9.8 lakh crore. The divergent views mirrored the comments of Mukesh Ambani, chairman of Jio’s parent Reliance Industries who spoke on Tuesday about the telco being ready to bring in 5G in the second half of 2021. Currency in INR. It has been a dream run for investors in Reliance Industries Ltd (RIL) stock during the last three months. India’s one of the biggest telecom operators Reliance Jio announced new postpaid plans today. Reliance Industries Ltd (RIL) on Monday said neither the company nor any of its subsidiaries - Reliance Retail Ltd (RRL) and Reliance Jio Infocomm Ltd (RJio) - … While regulators have yet to auction rights to India’s next-generation airwaves, Ambani said this month that his company “will pioneer the 5G revolution in India in the second half of 2021.”$54 SmartphoneReliance is planning to showcase its lineup of 5G products at next year’s shareholder meeting, which typically takes place sometime between July and September, one of the people said. Jio said it would stop levying interconnect usage charges (IUC) for all domestic voice calls with the scrapping of such fees from January 1, in line with the telecom regulator’s directions. Sebi fines Reliance Industries, Mukesh Ambani, two other entities, Reliance Industries slips over 7% post Q2 results, Reliance Capital rises 5% as deadline for bids for subsidiaries extended till Dec 17, Vodafone Idea likely to lose up to 70 million subscribers over next year: Fitch, Jio starts offering mobile services on 22 international flights, D-Street veterans shift back to unlisted market as stock valuations turn pricey, Ambanis are now twice as rich as the second wealthiest family in Asia, Telcos call on disaster relief bodies to upgrade to advanced tools, Association of telecom operators, Jio not on same page on 5G readiness, Stock market news: Reliance Power shares skyrockets 20%, RIL falls 2% as Reliance Retail-Future deal put on hold by arbitrator, Market Movers: Mrs Bectors shares double on debut; over 100 shares hit fresh 52-week high, Future Retail tanks 5% as SIAC rejects company's plea, Rakesh Jhunjhunwala's Rs 7,600 crore bet paying off as Titan's growth phase kicks in, Over 3-5 years, Reliance can beat Sensex, Nifty, Indian IT Firms rush in as Europe takes to outsourcing in new normal, Elon Musk surpasses Jeff Bezos as world’s richest person, View: Jack Ma can never go back to being Jack Ma again, ITC tanks on new cigarette policy; analysts say long-term story intact. Its stock was up 10.30% to Rs 1,363.35 on … Home broadband bills could come down if government cuts its share — big boost for Reliance Jio and Airtel. “This investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore. All that means winning big against Walmart and Amazon could take years. 2 telco saw its sixth straight quarterly loss after higher finance costs and a one-time charge. “We expect Bharti and Jio to increase their combined revenue market share to 80% (it was around 74% by September) in the next 12-18 months,” Fitch Ratings said on Monday. Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1389260.63 Crore) operating in Diversified sector. Reliance may stay in the range of Rs 1,900 on the downside and Rs 2,400 on the upside in short term, says Vivek Mavani. ByteDance in talks with Reliance Jio to sell its India biz:… With Jio, WhatsApp Pay to empower millions of Indians:… Therefore, Reliance and its affiliates fully share and support the aspiration of Indian farmers to get a fair and profitable price on a predictable basis for what they produce with exemplary hard work, innovation and dedication. This was owing to two factors – Covid and cheaper plans. Among the new services they touted was a 5G wireless network as early as next year and a video-streaming platform that will bring Netflix, Disney+ Hotstar, Amazon Prime Video and dozens of TV channels under one umbrella.Reliance’s digital unit, Jio Platforms Ltd., will also develop a portfolio of technology solutions and apps for India’s millions of micro, small and medium businesses, Ambani said, adding that he plans to eventually expand the platform overseas.“The time has come for a truly global digital product and services company to emerge from India,” Ambani told shareholders.The company’s biggest priority for 2021 is 5G, people familiar with the matter said. They are both unique. We cannot afford to let our guard down at this juncture," Ambani, who is also the president of the Pandit Deendayal Petroleum University (PDPU), said at the institute's eighth convocation. The NIAs to prospective bidders, likely to only be the existing private telcos Jio, Vi and Airtel, come on the back of the Cabinet's approval in December for holding the auction of 4G airwaves in March 2021. Anaysts say while India's smartphone market achieved sizeable penetration two years back, 2021 will see the replacement cycle mature, which will be the major contributor to growth. Sources with knowledge of the matter said as many as 63 towers were damaged on Tuesday. What’s in store for Reliance as Amazon-Future Group legal battle intensifies? RIL bought a 98% share from Infotel Broadband Services Limited and the Infotel Broadband Services Limited later re-named as Reliance Jio Infocom Limited. Notably, the Mukesh Ambani-led Reliance Jio blamed other operators for these acts. Once the regime of low telecom pricing is over, an increase in its ARPU (Average Revenue Per User) should help in improving net margins of the telecom business. JioPhone had started facing component supply issues last year and it became acute earlier this year due to the pandemic outbreak in Wuhan, bringing its production to a halt. The upcoming auction between three telcos is expected to be tepid as analysts say it is a buyer's market and Jio is expected to be the largest contender. Reliance Jio Infocomm Limited, d/b/a Jio, is an Indian telecommunications company and a subsidiary of Jio Platforms, headquartered in Mumbai, Maharashtra, India.It operates a national LTE network with coverage across all 22 telecom circles.It does not offer 2G or 3G service, and instead uses only voice over LTE to provide voice service on its 4G network. Low-Cost 4G/5G Smartphones From Jio, Google Launch By March, 2021; Price Starts From Rs 4000? The market had estimated Jio’s quarterly profit at roughly Rs 2,850 crore. The pandemic had gutted the global economy and Mumbai-where the family lives in a 27-story skyscraper named Antilia-was in the midst of a surge in infections. Reliance Jio Infocomm Ltd Live BSE Share Price today, 840rjil18b latest news, 952487 announcements. Senior advocate HP Ranina said all the three parties - Reliance Industries, Future Group and Amazon - will try to sort out this issue as soon as possible. HDFC said it is planning to raise up to Rs 5,000 crore by issuing bonds on private placement basis to meet its business requirements. Investors are watching Ambani’s every move as he overhauls his empire -- with a market value of $179 billion -- in the middle of a pandemic, wading into highly competitive industries and taking on rivals from Amazon.com Inc. to Walmart Inc. Reliance shares rose as much as 55% this year to an all-time high in September, but they’ve since pared gains as stakeholders look for more evidence that Ambani can execute. Share your reviews and for any suggestion or query feel free to mention in the comment. Reliance Retail is the retail initiative of the Mukesh Ambani group and is central to consumer facing businesses. The Competition Commission of India (CCI) Wednesday approved acquisition of 7.73% equity share capital of Jio Platforms by Google. The telecom industry has termed the Supreme Court’s recent verdict allowing telcos to spread payment of adjusted gross revenue (AGR) dues over 10 years as only a partial relief, and said that a ‘pricing revival’ would be critical for long-term growth of the sector. Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1324243.64 Crore) operating in Diversified sector. Reliance Jio Phone lowest Price in India is Rs 1449, as on 31st December 2020. Bharti Airtel has raised its stake in tower unit Bharti Infratel by 4.94 per cent via open market block deals, paying an average Rs 2,882.32 crore. Here are the top stocks that are likely to be in focus in today's trading.Stocks in news: Lupin, Reliance Industries, KPR Mill, PVR, and more. Looking at all the three divisions of Reliance Industries, the stock is here to perform well, says market expert Sushil Choksey. This was owing to two factors – Covid and cheaper plans. Profit rose to Rs 2,844 crore in the quarter from Rs 990 crore a year ago and Rs 2,520 crore in the preceding quarter, Jio said in a statement Friday. Also Read. Operators have been calling current prices unsustainable, with Vi saying it might become the first off the blocks to raise rates — prices were last raised in December 2019 — and was confident it would be followed by its rivals, too. Indian shares fell on Tuesday after notching record highs in the first two sessions of the new year, with financial stocks and market heavyweight Reliance weighing on the main indexes. ». Voda Idea to witness "accelerated revenue market share (RMS) loss" due to the tight timeline on statutory payments and "significant tariff hikes looking at least 12 months away". The benchmark equity indices extended their gains for the sixth straight session following gains in Infosys, ICICI Bank, Reliance Industries and Tata Consultancy Services. Citing media reports, the company said Telecom Regulatory Authority of India (Trai) was likely to start a consultation process for revision of tariffs. Its stock was up 10.30% to Rs 1,363.35 on … Overall, telcos are likely to bid for a combined only 20-30% of the six 4G bands on offer between 800 MHz and 2500 MHz, which are worth around Rs 2 lakh crore at base price, but largely give the 700 MHz band a miss, given its high price—38% higher than the 800 MHz band on average and 56% higher in three metro circles—say experts. The company has also sought a mechanism to compensate it for the damages. 399 and come with a host of benefits such as free OTT subscriptions like Netflix, Amazon Prime, … There are a few undesirable trends in some sectors where market share is becoming dominant with potential monopolistic trends. And if the number of companies seeking to hitch a ride with him is any indication, this clout is only set to rise. ByteDance in talks with Reliance Jio to sell its India biz:… With Jio, WhatsApp Pay to empower millions of Indians:… Therefore, Reliance and its affiliates fully share and support the aspiration of Indian farmers to get a fair and profitable price on a predictable basis for what they produce with exemplary hard work, innovation and dedication. Boost for Reliance as Amazon-Future group legal battle intensifies pilot upon availability of trial.. Government 's decision to auction spectrum by March, 2021 ; price starts from Rs 4000 0.48! 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