From April 1, 2020, the top 500 listed cos will have to ensure that the chairperson is a non-executive director.
What Ambani has managed to do is to push down per-user revenue for his competitors, which have been forced to cut prices.
The RCom stock ended 1.6% higher at Rs12.97 on the BSE Friday.
Almost one year after its launch, JioPhone has also got some significant feature updates. The feature phone has a voice assistant now.
Freebies are precursors to more tie-ups between telecom cos and e-commerce giants to take on Reliance.
The billionaire Mukesh Ambani-led company will raise funds through loans and bonds.
The pure-play 4G telco aims to further expand its penetration to achieve 99% population coverage in 2018-19 fiscal.
Jeff Bezos, 54, crossed the threshold just as Amazon kicked off its 36-hour summer sales event, Prime Day.
PM will shift gears on July 29 when he visits Lucknow for his sixth public engagement in UP this month and launches 64 projects by corporates worth Rs 55,000 cr in UP.
Earlier this month, Ambani announced the JioPhone, its basic model of the 4G featurephone, will be sold for `501 in exchange for any feature phone from July 21.
Growing inequality due to rapid growth may result in social upheaval, which is the last thing India can afford.
All the times that Bill Gates lost the top spot on world’s richest man list.
Suhel Seth was also in the stands for the semi-final between England and Croatia in Moscow. The author and adman added an Indian flavour to the game with the Tricolour painted on his face.
Crude prices lost some sting on Wednesday amid escalating tariff tensions.
The Reliance Industries AGM is one big family affair with the entire Ambani clan in attendance, and shareholders sharing anecdotes.
The HRD Ministry had yesterday clarified that the tag was conditional and it would get only a letter of intent for now.
JioGigaFiber will become the biggest repository of users’ private data in the world’s largest democracy. That is as frightening as it is spectacular.
At least five to six banks are expected to arrange the offshore credit for the telco which is involved in a brutal fight for subscribers with Jio.
The online marketplace will host all of Reliance Retail’s businesses, including grocery, fashion, jewellery and electronics, apart from independent sellers.
Kissinger is among one of the few individuals who are frequently consulted by President Donald Trump on issues relating to foreign policy and national security.
The Mukesh Ambani-owned telecom operator is widely expected to unveil a spate of disruptive price plans in the Rs 500-700 per month range.
“Digitally enabling transactions will help to create a fair, just, transparent and strong India and Indian economy. It will bring unprecedented accountability at every level,” Ambani said.
Here are all the bulk deals on NSE and BSE from Thursday’s trading session.
"The announcements made by Mukesh Ambani (RIL Chairman) today have positioned RJio as an extensive technology company rather than just a telecom service provider.
At the meeting with the PM, Quincey pledged to step up its agri-business from India, currently the company’s sixth-largest market.
FANGs are here to stay. Reliance shows future is in digital & ecommerce, says IIFL EVP
RIL aims to bring consumer businesses to a level where it matches revenue of oil business.
Ambani said the RIL-BP JV was seeking new opportunities to market gas in India.
Ambani said that the company is constantly focusing on improving its retail networks and was trying to redefine it with the help of Jio.
Reliance Retail opened 3,500 stores last year and aims to add 4,000 more this year.
The company also announced JioPhone 2, a high-end model of JioPhone. It is powered by horizontal screen viewing experience and a full keypad.
JioGigaFiber broadband, which could revolutionise Indian telecom, will come with a set-top box for TV. It will have enabled voice command feature on TV.
Let's check out what all might matter to Dalal Street during the day.
The service can tackle calls in rural areas, old buildings with thick walls, underground garages, metro stations and other places where signals are weak.
Could Reliance replicate the success of FANGs in India as big money can be made in digital space?
Of the Nifty 50 companies that have released fiscal 2018 annual reports so far, the salaries, bonuses and other perks of CXOs rose 31.02%.
The OTSC dues are towards payment of market-linked prices for excess spectrum held by a telco. Accordingly, DoT had asked RCom to furnish Rs 2,000 crore in bank guarantees towards OTSC in late 2015.
NTDV's shares have shot up by 74 per cent since stock closing price of June 26.
Jio said the government’s call to use 2G technology for voice services in its tender for the Andaman and Nicobar Islands was extremely unfair.
The channel did not perform well since launch and Mahindra will relaunch the channel as India's first Hindi infotainment channel, according to sources.
Around Rs 31 lakh fine has been imposed on Reliance Jio, the newest entrant in the telecom sector whose aggressive offerings have led to a bruising tariff war in the market.
RIL Chairman Mukesh and wife Nita Ambani hosted a dazzling engagement party for son Akash and Shloka at their residence, Antilia. Nita, Isha and Shloka all opted for Abu Jani Sandeep Khosla ensembles for the function. The star-studded guest list included master blaster Sachin Tendulkar who came with wife Anjali, bollywood stars, and political honchos. The family had earlier hosted a mehendi function on Wednesday, followed by a pre-engagement bash on Thursday for the couple.
Nita and Isha Ambani both opted for Abu Jani Sandeep Khosla creations for the function.
Akash Ambani and Shloka Mehta are all set to get engaged today evening in a gala ceremony.
RIL will fund the acquisition through its internal accruals. The deal is expected to close in the fourth quarter of 2018, subject to regulatory approvals.
Akash's twin sister Isha Ambani looked gorgeous in a bespoke creation by Abu Jani Sandeep Khosla. She completed her look with exquisite, diamond jewellery. Also read: Ambanis throw party for Akash-Shloka: SRK-Gauri, Priyanka-Nick in attendance (Image: Instagram/@vardannayak & @abujanisandeepkhosla)
Industry watchers feel Indian telecom will soon be an effective two-private player market, with Vodafone-Idea combine expected to be a laggard.
Bride-to-be Shloka Mehta and sister-in-law both opted for Abu Jani Sandeep Khosla creations.
Piramal said the NCLT process was being vitiated by some who had lost the race at bidding stage but were trying to get back through other means.
The smartphone penetration rate in India is likely to go up to 39% in 2019, as per Statista.
Reliance Industries Chairman Mukesh Ambani and wife Nita threw a mehendi party at Antilia to kickstart the celebrations for their son Akash Ambani's engagement to Shloka Mehta. In pic: Sisters-in-law, friends, and brides-to-be Isha Ambani and Shloka gave floral jewellery a new definition, going all out with a flower-studded dupatta at the ceremony. Also Read: Priyanka Chopra attends Akash Ambani & Shloka Mehta's mehendi ceremony, posts loving message (Image: Instagram/PriyankaChopra)
The actress looked ravishing in a white sari by designer Tarun Tahiliani.
The Mukesh Ambani-controlled Jio is set to foray in the home broadband services front with attractive combo of fast broadband, videos and unlimited voice calls.
Narendra Modi gave an hour-long presentation and tried to promote India as the world’s next manufacturing hub aimed at creating millions of jobs.
Sebi is also understood to have issued show-cause notices in this case to NDTV's promoters.
Reliance Industries reported a 17 per cent year-on-year rise in profit for March quarter at Rs 9,435 crore.
Besides allowing customers to remain connected in areas where mobile coverage is weak, the facility will also help telcos free up airwaves for meeting surging data demand.
The stock has been rangebound over the past couple of months.
Heavy buying in Mukesh Ambani-led RIL and HDFC twins helped BSE Sensex gain 261 points.
JP Morgan had, in a report, said that the absence of a killer feature may prevent JioPhone from weaning away Indian consumers from smartphones.
Lavasa is a symbol of the excesses gripping the world’s second most-populous nation. It now faces what may be its final reckoning.
CLSA said Jio’s acquisition cost per new subscriber added is a modest Rs 129, while No 3 carrier, Idea’s is as much as 40% higher at Rs 216.
During the duration of her course, the Ambani heiress had also taken up a teaching job at the Stanford nursery.
Estonia launched e-Residency — a government issued digital identity that allows entrepreneurs from anywhere in the world to set up and run location-independent business — in 2014.
The company reported a net profit of Rs 9,435 crore for the fourth quarter ended March.
Shares of top telecom operator Bharti Airtel drop as much as 1.9 per cent to Rs 373.3 while Idea Cellular falls more than 5 per cent to Rs 61.95 as Reliance Jio responds to Airtel's latest plan by offering more data to users. Jio says it will now provide additional 1.5GB data per day to all users who recharge with any daily-recurring data pack, countering Airtel's offer of additional data of 1.5 GB on certain price points for limited users. (Text: Reuters)Reliance Jio intensifies data war with 'Double Dhamaka' offer; telecom stocks drop
Reliance Industries announced operating profit before exceptional items of Rs 107.95 billion ($1.62 billion), a 36% jump from the year-earlier quarter.
Similarly, Wipro's Azim Premji, the 4th richest Indian on the Forbes list, has a networth of USD 15 billion -- more than Mozambique's GDP of USD 14.7 billion.
“COAI will not apologise because nothing that was said was defamatory. We are studying all the documents and will counter each of their points in court,” said COAI director general Rajan Mathews.
Just 19 months since starting services, Mukesh Ambani-controlled Jio’s revenue market share widened to almost 20% as of March end, according to financial data put out by the Trai.
The retail-to-refining conglomerate’s debt has tripled over five years.
Reliance Retail, which crossed USD 10 billion sales and became the first Indian company to enter the world's top 200 retail chains, is getting future ready.
RIL did not give specific details of the Rs 20,000-crore NCD issue and its utilisation plan.
TRAI lashed IUC — a charge paid to the telco on whose network a call terminates — by about 57% to 6 paise a minute starting from October 2017 and decided to scrap the charge from January 1, 2020.
Parent company Reliance Industries, in its annual report, said that as of March-end, Jio reportedly added some 83 million subscribers on a year-on-year basis.
Reliance is set to become one of the largest non-conventional gas producers in India through the production of coalbed methane, Mukesh Ambani said.
COAI had also levelled “baseless” allegations against the operator and the Trai, besides criticising decisions made by the regulator in the interest of consumers, the official said.
The couple will exchange rings at a ceremony at the Ambani residence.
Ambani said India should aspire to become one of the three largest economies in the world.
Shares of Reliance Industries shot up over 3 per cent to hit a high Rs 1,887.70 crore.
Ambani said the company’s profit jumped 10,000x from 3 crore to Rs 30,000 crore in 40 years.
As per the plan, Balaji Telefilm will issue 2.52 crore shares to RIL at Rs 164 per share.
RCom and Ericsson have settled their eight-month dispute over unpaid dues for Rs 550 crore, bringing a huge relief to the Anil Ambani firm.
To attract investments into the state, Telangana IT Minister K T Rama Rao today called on Tata Group Chairman Cyrus Mistry and RIL's Mukesh Ambani in Mumbai.
New entrants include Acharya Balkrishna at No. 48.The primary stakeholder and managing director of Patanjali Ayurvedahas a net worth of $2.5 billion.
The market that has a billion potential customers seems more like a nightmare with losses for overseas companies rising to at least $23 billion.
Mukesh Ambani takes on his rivals, saying their 'tactics' don't work anymore, adding that customers will soon start questioning if the incumbents are anti-consumer.
Jio would collaborate on infrastructure with Anil Ambani-owned Reliance Communications as it did with any other operator.
When we started capital cycle in 2010-11, contrary to every business house in India, we put 100% of our money in India. This will yield us sensible returns.
RCom's fall is part of a long decline. Personal fortunes of Anil Ambani have shrunk ever since he and Mukesh Ambani split the family business in 2006.
Ambani was accompanied by his son Anant and daughter Isha.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service