Thursday, December 19

Tag: Jio

Stock Market LIVE: Sensex slips 300 pts, Nifty holds 22,200; Infosys, IndusInd Bank weigh | News on Markets
16Apr By adminNo Comments
Business

Stock Market LIVE: Sensex slips 300 pts, Nifty holds 22,200; Infosys, IndusInd Bank weigh | News on Markets

11:43 AMRBI to banks: Can't charge extra without mention in key fact statement The Reserve Bank of India (RBI) on Monday issued a directive that prohibits banks and other regulated entities from levying additional fees on loans that are not previously disclosed in the Key Fact Statement (KFS). The notification stipulates strict adherence to these guidelines for all new retail and MSME term loans sanctioned from October 1 onwards, including loans issued to existing customers. “Any fees, charges, etc., which are not mentioned in the KFS, cannot be charged by the REs to the borrower at any stage during the term of the loan, without explicit consent of the borrower,” the regulator said. Read more 11:22 AMSmall finance bank stocks are on an uptrend. Does the rally have more leg...
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Jio won’t raise tariff as telcos plan price hike
29Oct By adminNo Comments
Business

Jio won’t raise tariff as telcos plan price hike

NEW DELHI: Signalling an aggressive competitive position in the telecom industry, Reliance Jio has said that it will not raise consumer tariffs, even on 5G. The company will continue with its position of "affordable accessibility" to target over 240 million Airtel, Vodafone Idea, and BSNL/MTNL subscribers, who still use 2G networks.Mathew Oommen, president of Jio, said that the company does not intend to raise tariffs dramatically, but will rather focus on customer acquisition as people migrate to internet-heavy, data plans."This is the vision of Reliance Industries chairmanMukesh Ambani, and Jio chairman Akash Ambani too." "As an industry, we owe this to get inclusiveness. More than 200 million-plus mobile consumers still do not have the right experience with 2G, and the onus is on the i...
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Reliance profit surges 30% to nearly Rs 20k crore in September quarter
27Oct By adminNo Comments
Business

Reliance profit surges 30% to nearly Rs 20k crore in September quarter

MUMBAI: Reliance Industries reported a 30% rise in its consolidated net profit of Rs 19,878 crore in the September quarter as compared to Rs 15,332 crore in the year-ago quarter. The energy-to-retail major's results got a boost from a sharp uptick in oil & gas revenues and strong growth in retail and digital services. RIL's consolidated revenue in Q2 stood at nearly Rs 2.6 lakh crore, up 1.2% from Rs 2.5 lakh crore in the previous year.The numbers reported by India's most valued company on Friday were in line with expectations, market players said."Strong operational and financial contribution from all business segments has helped Reliance deliver another quarter of robust growth," Mukesh Ambani, chairman & MD, RIL said in a statement.At Rs 77,148 crore, Reliance Retail's gross re...
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Disney nears multibillion-dollar deal with Mukesh Ambani’s Reliance: Report
23Oct By adminNo Comments
Business

Disney nears multibillion-dollar deal with Mukesh Ambani’s Reliance: Report

Reliance Industries Ltd., controlled by Asia’s richest tycoon Mukesh Ambani, is nearing a cash and stock deal to buy Walt Disney Co.’s India operations, according to people familiar with the matter.The US entertainment giant may sell a controlling stake in the Disney Star business, which it values at around $10 billion, as opposed to piecemeal transactions weighed earlier, the people said, asking not to be named because the discussions are private. Reliance views the assets at between $7 billion to $8 billion, some of the people said.The acquisition could be announced as early as next month with some of Reliance’s media units merged into Disney Star, the people said, without providing further details.Under the proposal, Disney will likely continue to hold on to a minority stake in the Ind...
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Jio Financial Q2 profit doubles from previous quarter
16Oct By adminNo Comments
Business

Jio Financial Q2 profit doubles from previous quarter

BENGALURU:Jio Financial Services (JFS) on Monday said its second-quarter profit doubled from the previous quarter, in its first results report after being carved out from billionaire Mukesh Ambani's Reliance Industries and listed on stock exchanges.Consolidated profit after tax for the three months ended September 30 rose to 6.68 billion rupees ($80.27 million) from 3.32 billion rupees in the April-June quarter, JFS said in a regulatory filing.It did not give consolidated profit figures for the year-ago quarter.!(function(f, b, e, v, n, t, s) { function loadFBEvents(isFBCampaignActive) { if (!isFBCampaignActive) { return; } (function(f, b, e, v, n, t, s) { if (f.fbq) return; n = f.fbq = function() { n.callMethod ? n.callMethod(...arg...
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Why NSE is holding special pre-open session for Reliance Industries Ltd
19Jul By adminNo Comments
Business

Why NSE is holding special pre-open session for Reliance Industries Ltd

NEW DELHI: The National Stock Exchange (NSE) has scheduled a special pre-open session on July 20 for Reliance Industries Ltd due to the demerger of its financial services business, Reliance Strategic Investments Ltd. As part of this demerger, the spun-off entity, Reliance Strategic Investments Ltd (RSIL), will undergo a name change and be renamed as Jio Financial Services (JFSL).The objective of this session is to determine the price discovery for Reliance Industries' shares. The difference between the share price derived during this session and the closing price of Reliance Industries on July 19 (the day prior to the ex-demerger date) will establish the 'constant price' at which Jio Financial will be included.Reliance Industries will remain a constituent of the Nifty Indices even after t...
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