- Qatar sovereign fund in advanced talks with RIL for $1.5 bn investment in JioFiber: ReportRIL has roped in Citigroup Global Markets, Moelis and Co and ICICI Securities Ltd have as investment bankers for the deal, revealed the Mint report. Mukesh Ambani has already raised over $20 billion via stake sales in Jio Platforms. The company is now looking to monetise its fibre assets held under Jio Digital Fibre.
- Reliance JioFibre: Mukesh Ambani unveils broadest range of plansMukesh Ambani's much anticipated fiber-to-the-home (FTTH) service is finally launched. JioFiber plan rentals will start at Rs 699 and will go up to Rs 8,499. The lowest tariff will start with 100 Mbps speed. Most tariff plans come with access to all the services.Launched on August 12, Jio Fiber will see its commercial rollout today. The service, which has the potential to alter the broadband landscape in IndiaReliance JioFibre: Mukesh Ambani unveils broadest range of plans
- Address spectrum cost, RoW issues for 5G, FTTH leadership: Reliance Jio MD“25 years back, we were far behind the developed world in the area of telecommunications. Today we have made considerable progress, but yet not where we need to be,” Sanjay Mashruwala said. 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.
- RIL extends Rs 500 crore to PM Care, Rs 5 crore to Maharashtra, Gujarat eachLast week, RIL had announced a detailed plan to support India's fight against Covid-19, which includes medical help through its hospital, healthcare facilities using the Jio platform, and providing free fuel for all emergency service vehicles, and a donation of Rs 5 crore to Maharashtra's Chief Minister's Relief fund.
- Jio poised to play key role in development of 5G ecosystem in India: RILOn the issue of floor price for mobile services, the company noted that market dynamics have improved in the recent past as reflected by December tariff hikes by operators. The government has also expressed its intentions of conducting the next round of spectrum auctions during the fiscal year 2020-21, it said.
- Antique Stock Broking reiterates buy on RIL, target price Rs 1,350Buy Reliance Industries Ltd. at a price target of Rs 1350.0 .
- Jio rolls out broadband services for Rs 699/monthJio’s broadband service comes at a tenth of global rates, with plans ranging from Rs 699 to Rs 8,499 a month with speeds from up to 100 Mbps to 1Gbps, and bundles in services such as gaming, home network sharing, device security etc.
- Jio threat looms over DTH providersThis time, it is going to be in the urban digital TV market, inducing customers of Bharti Airtel, Tata Sky and Siti Cable to switch to the new service provider, analysts said.
- Jio home broadband plans not disruptive: CrisilCurrent home broadband speeds of 50-200 Mbps, it said, can easily fulfil the data needs of households.
- Airtel launches converged digital entertainment platform ahead of Jio's home broadband launchAirtel launched a converged digital entertainment platform, christened Airtel Xstream.
- Analysts shrug off Aramco pause, project 17% upside for RIL stockHSBC raised its price target on RIL stock to Rs 2,020 from Rs 1,880 earlier.
- D-St cheers RIL announcements, expects stock to see a bump-upThis is arguably India's largest-ever FDI inflow, said Ajay Bodke, Prabhudas Lilladher.
- ADIA redials RIL for another investment of $1 billion in Jio FibreADIA is expected to meet in next few days to review the investment and possibly take a call.
- 'Lenovo could make India a mobile manufacturing hub'The company that makes one in every four PCs sold world over has about 37 manufacturing centres globally, including Mexico and India.
- Stocks in the news: YES Bank, Tata Motors, RBL Bank, Biocon and Dish TVTata Motors, a Tata Group firm, said it has bagged an order for over 2,300 buses.
- Jio may take over RIL's core business profits 6 quarters down: Deven ChokseyWhen it comes to Reliance’s petrochemicals business, the strength in GRMs clearly seems to be at par and seems likely to support the company in the second quarter performance as well.
- Analyst Calls: Tech Mahindra, RIL, RBL Bank, Dabur, NTPCMotilal Oswal has maintained a buy rating on Tech Mahindra with a target price of Rs 830.
- Market Movers: What changed for D-Street while you were sleepingHere is breaking down the pre-market actions.
- RIL surges 9.7%, brokerages upgrade stockMacquarie upgraded the stock to ‘outperform’ from neutral raising its target price to Rs 1,370 from Rs 1,230.
- Mukesh Ambani says India slowdown temporary: Highlights from 42nd AGMAmbani foresees India becoming a $10 trillion economy by 2030.
- Voda-Idea to lose mkt share, needs more funds in FY21: JefferiesMarket repair in the battered telecom sector is at least a year away as the disruptor Reliance Jio continues to focus on subscriber additions.
- RIL can become 1st Indian firm to hit $200 billion m-cap in 24 months, says BofA-MLRIL is India's largest petrochemical and second-largest oil refining company.
- RIL, DMart, Britannia top mutual funds' shopping list in AugustThe top 10 fund houses have incrementally invested Rs 4,970 crore in the stock in August.
- If you are wondering which stocks to buy, top fund house offers cues“Indian equities are offering good value,” says Prashant Jain, ED & CIO of HDFC AMC.
- BSNL may cut tariff to take on Jio's fibre broadbandBSNL currently leads the wired broadband market with nearly 10 million users followed by Bharti Airtel with 1.95 million users as of March 31, according to TRAI.
- Most brokerages go gung ho on RIL stock; but some are cautiousMorgan Stanley said it is time to take a relook on the counter.
- Customers to gain as Airtel, Reliance Jio slug it out in broadband spaceAirtel is offering up to double the high-speed data benefits for the same price under its new plans, to retain subscribers ahead of Jio’s launch.
- Telecom companies’ fight now spills over to the broadband spaceVodafone launched data rollover facility for its wireless postpaid users in India through its new Red plans. It has launched three new plans.
- Consumer biz outlook earns RIL a major re-rating; target prices rise up to Rs 1,700Year-to-date, RIL shares are up 38.9 per cent, smartly outperforming benchmark Sensex.
- Don't get carried away by the rally and buy duds now: Devang Mehta, CentrumIt’s not the time to buy turnaround candidates We have not yet seen demand coming back
- Why Angel Broking's Mayuresh Joshi is betting on cement and paper stocksBoth ferrous and non-ferrous players might still have a quarter or two of pain left.
- Market Movers: What changed for D-Street while you were sleepingHere is breaking down the pre-market actions.
- Trai’s new consultation paper on broadcast tariffs spells trouble for Industry: ExpertsBarely 8 months into new tariff regime, Trai has started a process to review framework, broadcasters fear some steps can badly hurt industry
- Vodafone to strengthen enterprise portfolio with broadband: Co's MD and CEO Sunil SoodThe operator had posted double digit growth in the enterprise business and will bank on its acquisition of fibre-to-home company YOU Broadband.
- Sterlite Technologies eyes to double its order book in 2017The company is also investing to create a 'centre for smart networks' in Gurgaon, to showcase applications and technologies that were not commercially deployed in the country.
- Exodus at Reliance Jio continues, Fixed-Line President Vijay Jain quitsAt Jio, Jain was looking after the roll out of Fiber-to-the-Home (FTTH) that will complement the largest LTE rollout in India.
- Full text: Mukesh Ambani's speech at RIL's 42nd AGMTogether, Reliance Retail and New Commerce will become the proxy to India's consumption story, Mukesh Ambani said.