Jio launches new Jio Fiber truly unlimited plans starting from Rs. 399

Reliance Jio today revamped its tariff plans that offer truly unlimited internet and Symmetric Speed (Upload speed = Download speed) starting at  Rs. 399/month. The company also offers no-condition 30-day Free Trial of 150 Mbps internet, 4K Set Top Box with subscription to 10 OTT apps for all new users. Continue reading “Jio launches new Jio Fiber truly unlimited plans starting from Rs. 399”

Reliance Retail buys Future Group’s retail, wholesale and supply chain business for Rs. 24,713 crore

Reliance Industries’s Reliance Retail today announced that it is acquiring Future Group’s Retail & Wholesale Business and the Logistics & Warehousing Business in a deal worth 24,713 crore. This is part of the Scheme in which Future Group is merging certain companies carrying on the aforesaid businesses into Future Enterprises Limited (FEL). Continue reading “Reliance Retail buys Future Group’s retail, wholesale and supply chain business for Rs. 24,713 crore”

Jio launches Rs. 499 Cricket Pack, Rs. 777 quarterly plan with 1 year Disney+ Hotstar VIP subscription

Reliance Jio has launched new Rs. 499 Cricket Pack and Rs. 777 quarterly pack that also come with a 1-year Disney+ Hotstar VIP subscription. Both the plans offer 1.5GB data per day and access to Jio apps, but only the Rs.777 comes with voice calling minutes and SMS. Continue reading “Jio launches Rs. 499 Cricket Pack, Rs. 777 quarterly plan with 1 year Disney+ Hotstar VIP subscription”

Jio 5G ‘Made in India’ solution announced, trials and deployment soon

Reliance Jio at its virtual 43rd annual general meeting (AGM) announced that the company has designed and developed a complete 5G solution from scratch using 100% home-grown technologies and solution. Continue reading “Jio 5G ‘Made in India’ solution announced, trials and deployment soon”

Reliance Jio announces Jio Glass mixed-reality glasses

At its first-ever virtual Annual General Meeting, Reliance Jio made a slew of announcements including its 5G network with home-grown technologies, Jio TV Plus, Jio Mart, Jio Meet, and more. Along with this, the company has also announced its new product for 3D interactions – Jio Glass. Continue reading “Reliance Jio announces Jio Glass mixed-reality glasses”

Reliance Jio and Google partner for entry-level 4G/5G smartphones

At the 43rd annual general meeting (AGM), Reliance Jio announced that Jio Platforms and Google will jointly develop an entry-level affordable 4G/5G smartphone with optimizations to the Android operating system and the Play Store. The 5G smartphone will be priced at a fraction of its current cost. “The Jio-Google partnership is determined to make India 2G-mukt,” said Mukesh Ambani. Continue reading “Reliance Jio and Google partner for entry-level 4G/5G smartphones”

Jio Platforms to raise Rs. 33737 Crore from Google for 7.7% stake

Mukesh Ambani, Chairman and Managing Director of Reliance Industries at the company’s 43rd annual AGM virtual event has announced that Google will invest Rs. 33,737 crore in Jio Platforms. The investment will translate into a 7.73% equity stake in Jio Platforms on a fully diluted basis. Continue reading “Jio Platforms to raise Rs. 33737 Crore from Google for 7.7% stake”

Jio Platforms to raise Rs. 730 Crore from Qualcomm Ventures

Reliance Jio has announced that Qualcomm Ventures, the investment arm of Qualcomm Incorporated will invest Rs. 730 crore in Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore. The investment will translate into a 0.15% equity stake in Jio Platforms on a fully diluted basis. Continue reading “Jio Platforms to raise Rs. 730 Crore from Qualcomm Ventures”

Jio Platforms to raise Rs. 1894.50 Crore from Intel Capital

Reliance Jio has announced that Intel Capital, investment arm of Intel Corporation will invest Rs. 1,894.50 crore in Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore. The investment will translate into a 0.39% equity stake in Jio Platforms on a fully diluted basis. Continue reading “Jio Platforms to raise Rs. 1894.50 Crore from Intel Capital”

JioMeet video conferencing app launched, offers unlimited video chat with up to 100 participants

After testing it in May, Reliance Jio has officially launched its JioMeet cross-platform video conferencing app in a move to take on Zoom, Skype, Microsoft Teams, Google Meet and other video chat apps. The app works on Android, iOS, Mac, Windows, SIP/H.323 systems as well as Chrome and Firefox browsers on desktop. Continue reading “JioMeet video conferencing app launched, offers unlimited video chat with up to 100 participants”

Jio Platforms to raise Rs. 4546.80 Crore from TPG, Rs. 1894.50 Crore from L Catterton

Reliance Jio has announced that TPG, a global alternative asset
firm, will invest Rs. 4546.80 crore in Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore. TPG’s investment will translate into a 0.93% equity stake in Jio Platforms on a fully diluted basis. Jio also said that L Catterton, one of the world’s largest consumer focused private equity firms will invest Rs. 1,894.50 crore in Jio Platforms, for 0.39% equity stake s on a fully diluted basis. Continue reading “Jio Platforms to raise Rs. 4546.80 Crore from TPG, Rs. 1894.50 Crore from L Catterton”

Reliance Jio offers 1 year free Amazon Prime membership for select Jio Fiber plans

After it was accidentally revealed, Reliance Jio today officially announced that it is offering its Jio Fiber customers free one year Amazon Prime membership, worth Rs. 999 that includes unlimited access to Amazon Prime Video, as part of their plan benefits at no additional cost. The offer is available for both the existing or new Jio Fiber users with Gold (Rs. 1299) or above plan. Continue reading “Reliance Jio offers 1 year free Amazon Prime membership for select Jio Fiber plans”

ADIA to invest 5683.50 crore in Jio Platforms for 1.16% stake

Reliance Industries today announced that Abu Dhabi Investment Authority (“ADIA”), globally-diversified investment institution will invest Rs. 5,683.50 crore in Jio Platforms. This investment values Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore. ADIA ’s investment will translate into a 1.16% equity stake in Jio Platforms on a fully diluted basis. Continue reading “ADIA to invest 5683.50 crore in Jio Platforms for 1.16% stake”

Jio launches Rs. 401 plan with 90GB data and 1 year Disney+ Hotstar VIP subscription

After teasers, Reliance Jio has launched Rs. 401 plan that offers a 1-year Disney+ Hotstar VIP subscription in addition to 90GB (3GB per day + 6GB) of data, unlimited voice calling (Jio to Jio Unlimited, Jio to Non-Jio FUP of 1000 minutes), SMS (100 / day) and access to Jio apps with a validity of 28 days. The standalone Disney+ Hotstar VIP subscription costs Rs. 399 for 1 Year. To continue getting Disney+ Hotstar VIP subscription benefits for 1 year, user needs to continuously to be on any active plan. Airtel launched a similar bundled offer back in April, but that offers 3GB of data. Continue reading “Jio launches Rs. 401 plan with 90GB data and 1 year Disney+ Hotstar VIP subscription”

Jio Platforms to raise Rs. 9093.60 Crore from Mubadala, additional Rs. 4546.80 crore from Silver Lake and co-investors

Reliance Jio has announced that Mubadala, a leading Abu Dhabi-based sovereign investor, will invest Rs. 9,093.60 crore in Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh
crore. Mubadala’s investment will translate into a 1.85% equity stake in Jio Platforms on a fully diluted basis. Continue reading “Jio Platforms to raise Rs. 9093.60 Crore from Mubadala, additional Rs. 4546.80 crore from Silver Lake and co-investors”