At this valuation, the deal is worth 52% of parent The shares have rallied as Ambani is planning a Jio-like fundraising for his retail venture – Reliance Retail. Indian telecom operators said that the current availability of just 175 MHz for all service providers in the 3300-3600 mid band is "grossly inadequate" and would adversely impact the 5G rollout in the country. Mumbai: Reliance Jio Infocomm said on Tuesday that it would raise tariffs in the “next few weeks” and take other steps that the regulator would recommend to strengthen the industry and sustain investments. Reliance Group Chairman Anil Ambani had announced RCom was tying up trading and sharing of spectrum with Mukesh Ambani- led Reliance Jio including … Sunil Dutt, Reliance Jio's president for devices and mobility, said there is a need to provide affordable devices so that people still using 2G handsets can upgrade to 4G and 5G. 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. All Reliance Jio domestic voice calls will be free from this date as IUC regime comes to an end; full details ... RIL share prices jump up to 3%, Vodafone Idea shares fall today post TRAI data. “He’s got to get it right over and over again,” Crabtree said.‘Key Man’ RiskThere’s also the challenge of “key man” risk. RIL completes acquisition of IMG Worldwide LLC's stake in sports management JV, Mukesh Ambani has been making Rs 90 crore an hour since the lockdown began, FIIs not gung-ho about India's telecom story; cut stake in Airtel, Vodafone Idea, Saudi Aramco-Reliance deal talks regain momentum, send RIL stock rising, India seeing multiple monopolistic trends: Prevention better than cure, Why Reliance share price is likely to remain range-bound for a while, Jio deal to only involve 'limited' data sharing for ecomm transactions, Facebook tells CCI, Stocks in the news: Bharti Infratel, Ceat, ONGC, Oil India, Reliance Capital and Snowman Logistics, Airtel, Jio, Vi seek cheaper spectrum, ask govt to fix bandwidth & right-of-way issues, Airtel tops most network metrics in Aug-Oct: Tutela, Representatives of Reliance Jio depose before parliamentary panel on data security, Stocks in the news: Majesco, Infosys, Snowman Logistics, Vedanta, Engineers India, Reliance Capital, SBI Cards, IOB. The company said that the Agra-Etawah build-operate-transfer project has been issued a completion certificate. Also Read. The market had estimated Jio’s quarterly profit at roughly Rs 2,850 crore. The companies are working together as Reliance’s e-commerce platforms look to tap hundreds of millions of Facebook, WhatsApp and Instagram users.Ambani’s biggest challenge now is to earn a return on these investments, said James Crabtree, author of “The Billionaire Raj: A Journey Through India’s New Gilded Age.”The industries Ambani is targeting are constantly evolving, much more so than the refining and petrochemicals businesses that still account for a bulk of Reliance’s revenue. When am writing this – Reliance’s share price is up 61.44% since its March 23 lows. Reliance Jio Investments and Tentative Effect on the Share Price Strategic alliances and importance in the company’s activity: The strategic alliance between two organizations includes co-operation in business activities with the purpose of benefiting with the strengths of each other and gaining a competitive advantage. The Joint Committee of Parliament on the Personal Data Protection Bill, chaired by BJP MP Meenakshi Lekhi, questioned Reliance Jio executives about privacy of data of its subscribers and users of Jio platforms. There are a few undesirable trends in some sectors where market share is becoming dominant with potential monopolistic trends. 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. Market open. He famously upended India’s telecommunications industry four years ago by offering free calls and cheap data, pushing some rivals into bankruptcy. Credit Suisse and Macquarie continued to retain their bullish view on Bharti Airtel with a price target of Rs 700, indicating an upside of 66 per cent from the current market price. 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. Shares of Reliance Retail, the retail arm of Mukesh Ambani's Reliance Industries, almost trebled to Rs 1,350-1,400 during the year. “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. Reliance Jio’s monthly plans are some of the more affordable options on the market. Tomorrow is different. 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. Ambani -- the face of Reliance -- isn’t getting any younger. Reliance Jio has not done any IPO. India’s one of the biggest telecom operators Reliance Jio announced new postpaid plans today. ​Bernstein analysts pointed out that Reliance Jio continues to grow strongly and gain share, and stake sale in the retail venture was also a positive. 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. Airtel is likely to continue gaining more mobile broadband users than Jio, especially as the low-end customer churn, which had driven Jio’s customer gains earlier, has largely stabilised, analysts said. The price is 14% below Thursday’s closing price. RIL has recently made a Rights Issue to their shareholders. 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 Indo-UK telecom joint venture between Britain’s Vodafone Plc and the Aditya Birla Group, lost 20 million active users since April this year. Reliance Capital raises objection to PFL stake sale by Credit Suisse, Stocks in the news: Vedanta, RIL, Future Enterprises, Jindal Steel and Future Consumer, Mukesh Ambani takes on Amazon in India's $200 billion market. 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. 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. Ambani's recent $20 billion fund-raising spree has already fulfilled his target of making RIL net-debt-free. Reliance declared itself free of net debt in June, nine months before its self-imposed deadline and Reliance’s shares surged.At Reliance’s annual shareholder meeting in July, Ambani and his eldest children Isha and Akash sketched out the broad thrust of their high-tech ambitions. Private equity firm Silver Lake has bought 1.15% stake in Mukesh Ambani's Reliance Jio for $750 million. All Reliance Jio domestic voice calls will be free from this date as IUC regime comes to an end; ... RIL share prices jump up to 3%, Vodafone Idea shares fall today post TRAI data. For buying shares of Reliance Retail or any other companies, please call on 8108303330.R eliance Industries share or RIL share price is going up regularly and hence good for this company. 1,952.60-13.40 (-0.68%) As of 9:31AM IST. 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. “This investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore. Reliance Industries Share: This is third high profile-investment in Reliance Jio in the past one month after stake buy by Facebook and Silver Lake. Jio alleged that the acts of vandalism were instigated by “business rivals” - who in this case are Airtel and Vodafone Idea (Vi). 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. 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. 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. Unfortunately, the Jio Phone price in India will reportedly increase by a little as it is no longer sustainable for Reliance Industries (RIL) to sell it at Rs 699. Petrochemical, refining and oil & gas business performed handsomely, but showed some chinks in the armour as gross refining margin shrank, as did margins for many petrochemical products. Reliance supports farmers’ demand for fair price, company says will never enter contract farming The company also said that it had, through its subsidiary Reliance Jio Infocomm, mentioned a petition before the Punjab and Haryana High Court, in which it had sought urgent government intervention to stop the vandalism of its towers. Jio is currently working on developing its own end-to-end 5G products and solutions and will soon conduct pilot upon availability of trial spectrum. “He looks at the big picture while at the same time getting into every minor detail, much like Jeff Bezos. ... Reliance Jio, to Facebook Inc for $5.7 billion or ₹43,574 crore. Sources with knowledge of the matter said as many as 63 towers were damaged on Tuesday. Jio is facing ire from the protesting farmers as they allege that some portions of the law are believed to be favouring large business groups, particularly Reliance Industries and Adani Group. While the company hasn’t publicly disclosed a succession plan, India’s Mint newspaper reported in August that Ambani, whose net worth is about $77 billion, is setting up a family council and aims to complete succession planning by the end of next year.“Any large, single-pillar edifice has major inherent risks,” said Kavil Ramachandran, executive director of the Thomas Schmidheiny Centre for Family Enterprise at the Indian School of Business.Ambani supporters point to his recent track record of disruption. Discover historical prices for RELIANCE.NS stock on Yahoo Finance. Current Market cap of Reliance (NSE:RELIANCE) = ₹9.8 lakh crore. This marks the second investment by KKR in a subsidiary of Reliance Industries, following a Rs 11,367 crore investment in Jio Platforms announced earlier this year," Reliance Industries said in a statement. Any good correction will be an opportunity to buy RIL from an investment perspective, says Siddhartha Khemka. Anil Ambani's Reliance Group company Reliance Capital termed the proposed transaction as a blatant abuse of the purported rights by Credit Suisse under certain lending agreements with the RCAP Group, the company said in a statement. 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. 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. With this, Jio has become the second Indian telecom company to offer in-flight service. Connect with us on Facebook and Twitter. 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 Share price: At 9:22 am, the shares were trading at Rs 1,608, up 1.7 per cent, on BSE. Jio repaired some of the towers that were damaged over the past few days, they said, adding 826 sites were down as of Tuesday afternoon. The company has also sought a mechanism to compensate it for the damages. 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. In its petition, Reliance Jio has stated that along with it, its parent company and … 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. 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. 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. The next blizzard of fundraising announcements in his retail arm was just days away. 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. “25 years back, we were far behind the developed world in the area of telecommunications. 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. Ambani further said he sees "explosive and exponential growth" in the post-COVID era and asked the graduating students to venture out with hope and confidence without being anxious. 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. 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. Home broadband bills could come down if government cuts its share⁠ — big boost for Reliance Jio and Airtel. RIL bought a 98% share from Infotel Broadband Services Limited and the Infotel Broadband Services Limited later re-named as Reliance Jio Infocom Limited. Share your reviews and for any suggestion or query feel free to mention in the comment. 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