Reliance Jio today announced that General Atlantic, a leading global growth equity firm will invest Rs. 6,598.38 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. General Atlantic’s investment will translate into a 1.34% equity stake in Jio Platforms on a fully diluted basis. Continue reading “General Atlantic to Invest Rs. 6,598.38 Crore in Jio Platforms”
Last week Reliance Jio launched a new Rs. 2399 yearly plan with 2GB data per day and new Work from Home add-on data packs. Today it has launched a new Rs. 999 plan with 3GB per data day and 84 days validity, which it calls Work-from-Home plan. Continue reading “Jio launches new Rs. 999 pre-paid plan with 3GB data per day, 84 days validity”
Reliance Jio offered double data vouchers, free daily data owing to the ongoing nationwide lockdown and on similar lines, now the company has launched a new work from home annual plan and new add-on data packs. This new annual plan offers 33% more benefit compared to the existing annual plan.
After last month’s announcement from Facebook that said that it will buy 9.99% equity stake in Jio Platforms for $5.7 billion or INR 43,574 crore, today private equity firm Silver Lake has announced that it will invest Rs. 5,655.75 crore / US$ 747 million into Jio Platforms for 1.15% stake. This investment values Jio Platforms at an equity value of ₹ 4.90 lakh crore / US$65 billion and an enterprise value of ₹ 5.15 lakh crore and represents a 12.5% premium to the equity valuation of the Facebook investment announced on April 22, 2020. Continue reading “Silver Lake to invest 5,655 crore in Jio Platforms”
The usage of video conferencing apps have increased lately with people staying at homes and these business apps crossed 62 million downloads last month. Reliance Jio’s ‘Jio Meet’ is the newest entrant in this segment and is set to take on popular video conferencing apps like Zoom, Google Meet, Microsoft Teams, and more.
Continue reading “JioMeet video conferencing app to launch soon”
Reliance Jio has reported Rs. 14,835 crore revenue, up 6.2% QoQ and 26.6% YoY and a net profit of 2,331 crore, up 177.5% YoY for last quarter that ended 31st March 2020. Jio reported Standalone earnings before interest, tax, depreciation and amortisation (EBITDA) of 6,201 crore, up 10.7% QoQ, EBITDA margin of 41.8%, and Standalone earnings before interest and tax (EBIT) of 4,033 crore, up 6.0% QoQ . Consolidated value of services stood at 17,454 crore, up 6.0% over trailing quarter. It has 388 million subscribers as of 31st March 2020, with addition of 24 million during 4QFY20. Continue reading “Reliance Jio reports Rs. 2331 crore profit, up 177.5% YoY in FY Q4 2019-20”
The usage of mobile data has increased lately with people working from home and as a part of a special offer, Reliance Jio credited 2GB daily data free for its users last month. Similarly, the company is now crediting 2GB of daily data to users randomly under ‘Jio Data Pack’ offer.
Continue reading “Reliance Jio crediting 2GB per day for 4 days for free”
Earlier this year, Reliance Jio announced JioMart web portal to buy food and groceries online and now shortly after Jio Platforms, Reliance Retail and WhatsApp entered into a commercial partnership agreement, the JioMart grocery shopping portal through WhatsApp has gone live in India.
Continue reading “JioMart grocery shopping through WhatsApp goes live; Here’s how to order”
Facebook today announced that it will buy 9.99% equity stake in Jio Platforms Limited, part of Reliance Industries Limited on a fully diluted basis for $5.7 billion or INR 43,574 crore, making Facebook its largest minority shareholder, the largest investment for a minority stake by a technology company anywhere in the world and the largest FDI in the technology sector in India. Continue reading “Facebook buys 9.99% stake in Reliance Jio for Rs. 43,574 crore”
Few days back Reliance Jio launched JioPOS Lite, an app that lets anyone become a Jio Partner and start earning for doing Jio recharges for others. Jio says that this doesn’t require any documentation or verification. You just have to fill your details, submit documents and register online. The app is only available for Android users and is not available on iOS yet, but we can expect it soon. Continue reading “JioPOS Lite lets individuals become Jio Partner and earn for recharges”
The whole world is fighting the coronavirus pandemic and the outbreak has impacted many. As many places in the world are under lockdown, many companies are introducing special measures to help people. Yesterday, Airtel announced prepaid pack validity extension and free Rs. 10 talk time to 80 million users. On similar lines, now, Reliance Jio has announced special measures to assist Jio users impacted by the COVID-19 crisis.
In a move to promote working from home Reliance Jio earlier this week announced that all JioFiber users will get double data across all plans. The company has finally started rolling out double data vouchers for the customers. If you have 100GB plan, you will get 100GB voucher, 200GB voucher for 200GB plan and so on. This is also applicable for those who have already recharged quarterly, semi-annual and annual plans, you the number of vouchers will increase based on the months. Continue reading “JioFiber double data vouchers now rolling out to all customers”
People are working from home due to the outbreak of Coronavirus and during this period, the consumption of data will be more than usual. Mobile operators and internet service providers are offering more data and speed as a result of this and on similar lines, recently, ACT Fibernet offered a free upgrade to 300Mbps speed and Unlimited FUP till March 31st. Now, Reliance Jio has also announced a prepaid ‘Work From Home’ plan and is offering double data for existing Jio Fiber users.
Back in 2018 Reliance Jio launched affordable data add-ons at Rs. 11, Rs. 21, Rs. 51 and Rs. 101 with 400MB, 1GB data, 3GB and 6GB data, respectively. Now it has introduced 2x benefits for all the packs so you get 800MB, 2GB data, 4GB and 12GB data for the plans, respectively. Continue reading “Reliance Jio pre-paid 4G data add-on packs now offer 2x more data, off-net IUC minutes at same cost”
Several OEMs started rolling out Wi-Fi Calling feature for their phones in the past few weeks in India. Today HMD Global has officially announced that voice over any Wi-Fi (VoWi-Fi) is being enabled on a range of Nokia smartphones for Jio and Airtel users in the country after testing it for the past two months. Continue reading “HMD Global rolls out VoWiFi for range of Nokia smartphones — Here’s how to enable it”
