Jio to Enter E-commerce Market After Disrupting the Telecom Market

November 15, 2017

Mukesh Ambani owned Reliance Jio is preparing to enter the e-commerce market after disrupting the telecom market successfully.

Jio entering the e-commerce market

Reliance Jio is planning to enter the e-commerce market by leveraging its millions of customers and its vast network. The company has started working with corner stores and consumer brands that will enable shoppers to buy from their neighborhood shops via digital coupons through platforms such as JioMoney or text messages.

Mumbai, Chennai, and Hyderabad are part of the ongoing pilot project that involves several stores and many leading brands as well, though the major rollout will start from next year. The business model is not yet finalized and it has also been said that there will be some changes based on the inputs the company gets from the pilot project.

Pilot project by Jio

ITC, Dabur, Wipro, Godrej Consumer products, Tata Beverages, and Amul have been roped in for the pilot project. 15 to 20 brands are tied up for this pilot project. Initially, the company is going to tie up with consumer brands and simultaneously with corner stores through its distribution network.

How the project works

It has been reported that Jio will be sending digital coupon codes for a product of a particular brand to its users. These coupons can be used in the neighborhood stores to buy those products. The stores that will be enrolled by Jio will be equipped with software to read the coupons.

Mukesh Ambani led Reliance Jio is planning to allow the usage of its platform for stock clearance to its partner stores and send promotional offers to Jio and non-Jio customers. One of the Jio executives said that because of this there will be seamless connectivity between retailers and manufacturers which also allows scaling up better offers on product sale.

The Jio executive also said that there will be Geo-tagging as well so that the sales of leftover stocks will be pushed to a particular geographical area. This will allow brands to spur retailers to be pro-active in clearing stocks. Jio is also planning to introduce a missed-call facility that will communicate the promotional offers to shoppers in a specific area.

Reliance Jio said that it will be charging a fee to the brands for using the Jio platform for ‘below the line marketing’. This is a money-saving advertising option for the companies that use leaflets and other promotional offers. A company official said that Jio won’t be using any of its money on discounts and offers.

Indian retail industry

Being a new digital entrant, Reliance Jio has surprised the industry with its strategic online-to-offline business model. The retail industry is worth USD 650 billion of which 3-4 percent is e-commerce and organized retailers like Shoppers Stop and Big Bazaar control the other 8 percent. The other smaller entities like corner stores control the remaining 88-89 percent of the market.

Summary

Jio planning to get into the e-commerce market after successfully disrupting the telecom industry.

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Reliance Jio Offers a Buyback Offer for Apple iPhone X

November 8, 2017

Reliance Jio is offering a 70 percent buyback amount on iPhone X by Apple.

Buyback offer by Jio

Mukesh Ambani owned Reliance Jio is offering a buyback offer of 70 percent on the amount of the Apple iPhone X. The iPhone can be pre-ordered from the Reliance Retail store, MyJio app, Jio.com, or Amazon for INR 1,999. This offer will be valid on from September 29th to December 31st. It is also being said that users who use Citi credit and World debit cards will get an additional cash back.

The offer will give a 70 percent buyback amount on the MRP of iPhone X on returning it after 1 year of using the phone. To become eligible for the offer, the user will have to recharge a plan of INR 799 or higher. This offer is also available for the iPhone 8 plus and iPhone 8.

On return of the iPhone X, it should be fully functional and in a working condition without any damages. It should be returned with the gift box and accessories that come with the phone.

To enroll for this offer

To enroll for Mukesh Ambani led Reliance Jio’s offer, users will have to buy the iPhone X from any of the above-mentioned places and download the MyJio app. The app will give certain instructions and a set of steps that users will have to follow for getting enrolled for this offer.

Terms and conditions of the offer

  • To be eligible for the offer, users will have to do a recharge of INR 799 or more every month. For prepaid users, this plan has a validity of 28 days and for postpaid users, it is valid until the billing cycle ends.
  • The INR 799 plan offers 3GB of 4G data per day with free voice calls and unlimited SMS.
  • If users do the recharge of the INR 799 plan for 12 months each, then the cost will be INR 9,588 in total. This means that users will have to pay almost 10,000 for the year to be eligible for the buyback
  • People who are eligible for the buyback offer will get a return of 70 percent of the amount of the iPhone X i.e. 62,300 for the 64GB variant (original price INR 89,000).
  • Citi card users are going to get additional cash back of INR 10,000.

About the iPhone X

The iPhone X is powered by the A11 Bionic processor and new neural engine which is designed to carry heavy duty functions related to Artificial Intelligence (AI). It supports Qi wireless charging. It comes with an edge-to-edge OLED display and has Face ID to unlock the device by recognizing the face of the owner. The iPhone X has two 12MP image sensors and comes with optical image stabilization in both the cameras and Quad-LED True Tone flash. The front-facing camera is 7MP and it supports Apple’s portrait mode.

Summary

Reliance Jio to give a 70 percent buyback offer for new iPhone buyers.

All the Latest Reliance Jio Plans

November 1, 2017

Mukesh Ambani owned Reliance Jio has launched several prepaid plans for its customers. The plans come in varied price ranges and different validity periods.

Revising the data plans

Jio has been offering attractive offers and prices that customers can’t ignore. The company is offering a number of plans from a low price range to a high price range. The validity periods also vary, which makes it easier for users to select according to their data usage.

All the data plans by Jio

  • INR 19 plan

This plan is a one day plan and has 1.15GB data with 20 SMS and unlimited voice calls.

  • INR 52 plan

The INR 52 plan is a plan with unlimited high-speed data with a daily limit of 1.05GB. It has a validity of seven days and after exhausting the 1.05GB, the Internet speed will slow down to 64Kbps.

  • INR 98 plan

This plan of INR 98 has a validity of 14 days and users get a total of 2.1GB data. The daily data limit of this plan is 0.15GB, which means the speed will be reduced to 64Kbps after exhausting the daily limit.

  • INR 149 plan

This plan of INR 149 is has a validity of 28 days. It offers high-speed data of 4GB and also has a daily limit of 0.15GB, which means that the speed will reduce to 64Kbps after hitting the daily limit.

  • INR 309 plan

The INR 309 data plan has a validity of 49 days and it offers 1GB of data per day. If the user exhausts the daily limit then the Internet speed will be reduced to 64Kbps. This recharge also has unlimited voice calls and SMS.

  • INR 399 plan

This plan has a validity of 70 days and it offers 70GB of data. This plan has a daily limit of 1GB which means the speed of the Internet will be reduced to 64Kbps after exhausting the daily limit.

  • INR 459 plan

The INR 459 plan offers 84GB of data with a validity of 84 days. This plan also has a daily limit of 1GB and the Internet speed will be reduced to 64Kbps after exhausting the daily limit.

  • INR 499 plan

This plan has a validity of 91 days and offers 91GB. It also has a daily limit of 1GB post which the speed of the Internet will be reduced to 64Kbps. This plan also has unlimited voice calls and SMS.

  • INR 799 plan

This plan offers 3GB of data per day to its customers. The total data a user gets is 84GB. This plan has a daily limit of 3GB and the speed will be reduced to 64Kbps after exhausting the daily limit.

  • INR 999 plan

Under this plan, users will get 60GB Internet data with 4G speed for a period of 90 days. This plan has no daily limit, so it is perfect for people who have high data usage.

Summary

Mukesh Ambani led Jio has revised its prepaid data plans.

Reliance Rises to INR 6 Lakh Crore Market Capitalization

October 25, 2017

Today, Reliance Industries Limited (RIL), which is led by Mukesh Ambani, reached a new milestone.

Market capitalization milestone

RIL has topped its market capitalization by INR 6 lakh crore, with the help of its shares. This is a big achievement for the company. The conglomerate is one of the most valued companies and is far ahead of a number of other companies as well.

India’s most valued company

RIL has alone added more than INR 2 lakh crore in this year to its market capitalization. It crossed INR 4 lakh crore by 27th February 2017 in its market capitalization. This amount soon rose to INR five lakh crore and by July, it became the most valued company in India. The rise to INR 6 lakh crore may be attributed to its shares which hit an all-time high of INR 947.7 on the NSE.

In the year 2007, the company was India’s most valued company too. At that time it had crossed the 20,000 mark in the BSE Sensex. Before this, in 2006, it was known as the second-most valued company of India. At that time, the benchmark index had touched the 10,000 mark for the first time. Though there has been a little underperformance for eight years in RIL’s stock, it has shown some drastic change after the launch of its telecom subsidiary Reliance Jio. In the last three months, the shares of RIL have been up by more than 25 percent.

RIL has ranked 203rd on the Fortune Global 500 list. This ranking is based on the total revenue. There are only seven Indian companies on this list and RIL is one of them.

IAA leadership Award

Mukesh Ambani, the Chairman and Managing Director of RIL shared some of the insights of the rise of the company at the International Advertising Association Leadership Awards (IAA). He said that RIL has completed 40 years of being a public company, and he feels fortunate to be a part of it since the first year. At that time, he was a chemical engineering student and the enterprise value of the company was less than USD 5 million. He feels that it has been a phenomenal journey that within 40 years the company has increased its enterprise value to USD 250 billion.

Vision of Dhirubhai Ambani

Mukesh Ambani said that it was the vision of Dhirubhai Ambani to invest in the talent and in the businesses of the future. He also said that RIL believed in the power of the youth and hence it has been investing in the same.

Forbes India Rich list 2017 results

Mukesh Ambani has recently topped the Forbes India Rich list 2017. He currently has a net value of USD 38 billion. It is not the first time when he topped this list; he has topped the chart for the 10th time.

Summary

Reliance Industries Limited has seen a rise in market capitalization and Mukesh Ambani topped the Forbes India Rich list 2017.

Reliance Jio Aims to Deliver JioPhones by this Diwali

September 27, 2017

Mukesh Ambani led Reliance Jio is aiming to complete the delivery of six million orders by this Diwali. Reports also state that the feature phones have already been dispatched and will soon reach customers.

JioPhone to be delivered this Diwali

The JioPhone’s Twitter handle (@LYF_IN) confirmed to a customer that the delivery of JioPhones has started in a phased manner and all the pre-booked customers will get their phones by this Diwali. The customers have to pick their JioPhones from the stores and it will be distributed on a first-come-first-serve basis. The phone will be available at Jio Retailers, Reliance Digital stores, and also at multi-brand device retailers.

Goals of Jio

Reliance Jio aims to deliver the 4G feature phone to about 100 to 150 million customers in a period of six months. The first booking phase started on 24th August and closed on 26th August. In the duration of three days, Jio reached six million pre-booked orders. Besides this, there are over ten million customers who are waiting for the next phase of pre-booking. According to sources, the second phase of booking might start in a few weeks. The telecom giant recently got 130 million customers.

All you need to know about the JioPhone

The JioPhone has been the most anticipated feature phone in recent history. As it is a feature phone, it has a small screen with a numeric keypad. The phone is well-built and comfortable to hold. Considering its price, it comes in good quality plastic and rubber.

  • Features of the JioPhone

The phone comes with a 2.4-inch screen with a resolution of 240×320. The JioPhone comes with a loudspeaker at the back, micro USB ports for charging, and a 3.5mm headphone socket. This phone comes with a 2,000mAh removable battery and Nano SIM slot. Though the phone has 4GB of internal storage, it still has a MicroSD card slot that supports cards up to 128GB. The phone is powered by a dual-core processor and comes with a 512MB RAM.

It has a primary camera of two megapixels and a secondary VGA camera. The phone takes photos in 1600×1200 resolution, while the videos have a resolution of 320×240. The secondary VGA camera clicks 640×480 resolution pictures.

The phone runs on KaiOS, a new operating system. The Jio apps including JioMusic, JioCinema, JioTV, and more are pre-installed. Apps such as Facebook and YouTube are not offered yet but are expected to be available soon. There is also a voice assistant feature which handles basic voice commands in both, English and Hindi languages. The JioPhone has important features like Wi-Fi, Bluetooth, and Geo Location as well.

Mukesh Ambani led Jio offers free voice calls and unlimited SMS for life and 500MB of data a day for INR 153 per month. The company ensures that the phone is effectively free as it takes a three-year refundable deposit of INR 1,500.

Summary

Reliance Jio aims to complete the delivery of its feature phone by this Diwali.

Reliance Jio Offers a Special Festival Discount on JioFi

September 21, 2017

Mukesh Ambani led Reliance Jio announced a festival offer for its users. The company is offering JioFi device at a discounted rate.

JioFi festival offer

With all e-commerce portals like Flipkart and Amazon giving various deals and discounts on electronics and smartphones, even Reliance Jio came up with rolling special festival discounts.

Starting from 20th September, the JioFi device is available at INR 999 until 30th September. The original price of the JioFi device is INR 1,999; but, users are getting it at a 50 percent discount, which makes the price as INR 999. The offer is exclusively available for Jio Prime members and is valid only on JioFi M2S model. It is available on the company’s official website. Users are not allowed to club this offer with any other Reliance Jio offer.

Features of the JioFi device

Reliance JioFi device lets users access 4G VoLTE data even on 2G and 3G smartphones. You may connect your JioFi device with up to 32 devices including tablets, smart TVs, and smartphones. However, it is advisable not to connect it to more than ten devices.

JioFi offers download speed of 150Mbps and an upload speed of 50Mbps. It comes with a 2,300 mAh battery and provides six hours of surf time. When talking about the dimensions of the device, it measures 85x55x16mm, which makes it look sleek and stylish. The portable Wi-Fi device also allows people to make HD video calls, voice calls, and conference calls.

Advantages of JioFi

JioFi is highly functional and convenient. You may carry it along wherever you go. It lets you connect to multiple devices even when you are on the go. The device comes with a rechargeable battery. This makes it convenient for use as you do not have to look for electric outlets and can place it in whichever room you are working at the time.

Other JioFi offers

There is another offer on JioFi’s JMR540 model that may be availed of through the company’s website. Under this offer, users get the JioFi device worth INR 2,499 at a 20 percent discount. The discounted price is INR 1,999.

Along with the device, the user will be able to enjoy unlimited voice and data services worth INR 1,999. For this, the customer will have to visit a Jio store, get a Jio SIM activated, and follow other instructions. The JioFi JMR540 model comes with a battery capacity of 2,600 mAh.

JioFi and the market

According to CyberMedia Research (CMR), JioFi devices had a 91 percent market share of data cards in India during the second quarter of 2017. It is said that home routers market has been affected by Mukesh Ambani’s Reliance Jio MiFi, which is JioFi because nine out of ten devices are JioFi devices. Narinder Kumar, Analyst at Industry Intelligence Practice, CMR said that there is a decline of 60 to 70 percent in sales at major cities as per the initial statistics.

Summary

Reliance Jio is offering a special festival discount of 50 percent on the JioFi device.

Mukesh Ambani Bags “Business Leader of the Year” Award

September 12, 2017

For the second time, Mukesh Ambani, the Chairman of Reliance Industries Limited (RIL) has been chosen as the “Business Leader of the Year” at the Economic Times (ET) Awards for his corporate excellence. He had won the same award back in 2006.

In the first round itself, Ambani received seven votes. His nearest rival had received four votes. The jury unanimously selected Ambani recognizing the disruption he created and the way he revolutionized the telecom and refinery industries in India.

Recent achievements of Mukesh Ambani

Since the past year, Ambani has added a number of achievements to his credit. He took his company and stocks to a new height. He also spearheaded the successful launch of the company’s game-changing ventures, shook the telecom market, stabilized fuel retail, and delivered top-class performance from RIL’s Jamnagar refinery.

Recently in August 2017, the shares of RIL witnessed a surge. Due to this, Ambani was able to add USD 12.5 billion to his wealth. This made him the second richest businessman in Asia, as per the Bloomberg billionaire’s index. His total wealth was accounted as USD 35 billion, which made him the 19th richest person in the world.

Reliance Jio’s success

In the past few years, Ambani has made huge capital investments. These investments are now adding to the company’s cash flows. One such major investment was in the telecom venture, Reliance Jio.

The launch of Reliance Jio in September 2016 played a major role in transforming the shape of the Indian telecom and digital market. The telecom company attracted millions of customers with its offering of free data at the beginning and low data packages now. The company also offers free lifetime voice calling and other services to its users.

In partnership with RIL’s retail arm, Reliance Jio has now announced India’s first-ever 4G VoLTE feature phone. The phone is available at a refundable price of INR 1,500 and is marketed as an “effectively free” product. Analysts predict that this move will help the company to break even before the expected time.

Growth of RIL’s oil and gas business

Mukesh Ambani is renowned for implementing world-class projects in his oil and gas business. In the 1990s, he led the creation of RIL’s Jamnagar refinery, which is the largest in the world. He has expanded the company’s refining capacity since then to reach 1.24 million barrels per day. In the April-June 2017 quarter, the net profit of RIL crossed the INR 9,000 crore-mark. Its refining margin was around two times higher than that of other similar Asian companies.

Out of Ambani’s 40 years as an RIL board member, last year has been the most significant one. The company withstood serious disputes on regulatory matters with the oil ministry and resolved them. This eventually led it to make the recent big announcement of investing USD 6 billion for the production of natural gas from KG-basin’s deep-sea fields. Besides, the company has also revived its network of petrol pumps, which resulted in it recording higher sales than the industry average.

Summary

For the second time, Mukesh Ambani won the title of “Business Leader of the Year” at the Economic Times Awards.

Reliance Jio Creates Several Records

September 8, 2017

In one year of its operation, the Mukesh Ambani-led Reliance Jio created and broke a number of records. These records are not only at the national level but also globally. The company has received 130 million customers in one year.

Impact of Reliance Jio

Reliance Jio began its operations on 5th September 2016, disrupting the Indian telecom market as it did. The telecom company offered unlimited 4G data, voice calls, and other services at no cost for the first three months. It then extended its free service for another three months. Reliance Jio witnessed the fastest growth ever made by any technology company as it garnered 100 million customers within 170 days of its launch.

In the month following Jio’s launch, the subscriber addition touched its peak. In October 2016, the telecom subscriber base in India surpassed the 1.1 billion mark. The month saw the highest customer addition of about 29 million. Reliance Jio alone registered an addition of 19.63 million customers in that month.

An official from the company revealed that in this one year, India’s mobile data consumption has increased from 20 crore gigabytes to more than 150 crore gigabytes per month. Jio customers alone consume 125 crore gigabytes of data every month, the official added.

Post the launch of Reliance Jio, the price of 1GB mobile data reduced to less than INR 10. Earlier, INR 250 was charged by other telecom operators.

According to Chairman Mukesh Ambani, India jumped from 155th rank to the first rank with regards to mobile data consumption. He said that Jio is the first and only exabyte telecom business in the world that has more than 100 crore gigabytes of data being consumed on its network. It already carries five times more data than all the other Indian telecom networks combined, he added.

According to data issued by the Telecom Regulatory Authority of India (TRAI), at the end of June 2017, Jio registered 123.36 million subscribers.

Mukesh Ambani’s appreciation

To mark the occasion of the company’s first anniversary, Mukesh Ambani sent a letter to his employees appreciating their efforts. He said that employees’ have tirelessly worked to establish the infrastructure and technology and that their efforts to keep 130 million users satisfied is commendable. He stated that their efforts have made Jio a customer-obsessed company.

Mukesh Ambani told his team that they have broken a number of records in this one year. He congratulated and thanked each one of them for their commitment towards the mission of making India lead in the digital world. The chairman also told his employees that he is looking forward to creating more records while accomplishing this collective dream.

Mukesh Ambani stated that together they have established an end-to-end all IP 4G network, which is the largest in the world. He emphasized that Jio has busted the myth that India is not prepared for advanced technology. This, for him, is the biggest personal satisfaction. He believes that the way India has adopted the 4G technology is a case study for quantum technology leaps.

Summary

In one year of its service, Reliance Jio created a number of records in India as well as at the global level.

1 Year of Reliance Jio

September 6, 2017

Reliance Jio completed a year post its launch on 5th September 2016. The telecom company is completely based on the 4G VoLTE network. Currently, it has more than 130 million subscribers.

Welcome Offer and Happy New Year Offer

In 2016, Chairman Mukesh Ambani launched Reliance Jio with the Welcome Offer. He announced free data, voice calls, SMS, and roaming services for all its users for four months. From January 2017, the offer got a three-month extension and it was known as the Happy New Year Offer. The Happy New Year Offer was valid until 31st March 2017 and came with a Fair Usage Policy (FUP) limit of 1GB data per day.

Jio Prime

In February 2017, Mukesh Ambani announced the Jio Prime membership at a one-year fee of INR 99. Users were asked to enroll for the same in March. The deadline was later extended to 15th April.

The chairman also announced data tariffs applicable from the start of April. Prime members enjoyed additional benefits at the same price in comparison with non-Prime members.

Summer Surprise Offer and Jio Dhan Dhana Dhan

The Summer Surprise Offer launched in April provided the benefits of Happy New Year Offer for another three months on a recharge of INR 303 or more. However, post a Telecom Regulatory Authority of India (TRAI) order, the company withdrew the offer. It then repackaged it and launched the Jio Dhan Dhana Dhan plan.

The Jio Dhan Dhana Dhan offered 1GB data per day at INR 309 or 2GB data per day at INR 509. These plans had a validity of three months on the first recharge.

Recently, the company has revamped its prepaid and postpaid plans. It has also introduced new plans at INR 349 and INR 399. On an average, Jio is offering 1GB data at INR 50, which is quite an affordable tariff.

Impact of Reliance Jio

Owing to Reliance Jio’s entry, India has made a lot of progress in terms of data usage. Some of the statistics and facts to back this up are as follows:

  • India is the biggest data consumption hub for websites like WhatsApp, Facebook, Google, and YouTube, among others
  • Facebook and Google have added 70 million users after Jio’s launch
  • India consumes over 100 crore gigabytes of data and streams videos up to 165 crore hours, every month
  • The country makes voice calls of around 250 crore minutes every day
  • India’s broadband subscriber base was 282 million on 30th June 2017 as against 154 million on 31st August 2016

Reliance Jio Phones

Mukesh Ambani led Reliance Jio offers a range of smartphones under its brand, LYF. They are categorized into Earth, Flame, Wind, and Water series. The prices of the devices start from INR 2,999 and go up to INR 19,999.

The company has recently announced the first-of-its-kind 4G VoLTE feature phone. The JioPhone allows users to access the Internet and make free voice calls. Priced at INR 1,500, the phone received around six million pre-registrations in a single day. It is expected to reach stores by the end of September.

Summary

Reliance Jio completed one year since its launch, which was on 5th September 2016.

Millions Pre-Book JioPhone as Demand Soars

August 31, 2017

After millions pre-booked the ‘India ka smartphone’ on Thursday, 24th August, Mukesh Ambani led Reliance Jio paused the pre-booking for its new feature phone, JioPhone.

Heavy demand for JioPhone

 The pre-booking for JioPhone began at 5:30 pm on 24th August 2017. Some media reports claim that the telecom operator received around three to four million registrations for the JioPhone.

While this fits with the company’s target of making around 5 million phones available, other reports claim that the total number of bookings have surpassed that number. Jio hasn’t yet confirmed any of the claims.

While the company did not state that the heavy demand was the reason for pause in bookings, the message on the company’s website said that million had booked the phone and customers would be informed when the bookings resumed. No date was given for the same.

How to register interest

 The pre-bookings have been paused. However, interested customers may still register their interest on the Jio website. This will not be treated as a pre-booking but by registering, these customers will be notified as the pre-booking resumes.

Here are the steps for individuals to register their interest for the phone:

  • Go to the Jio website, i.e. jio.com
  • Click on the register now button
  • Select the individual option
  • Enter details such as name, phone number, email ID, and pin code.
  • Click Submit

Here are the steps for businesses to register their interest for the phone:

  • Go to the Jio website, i.e. jio.com
  • Click on the register now button
  • Select the Business option
  • Enter details such as company name, contact number, email ID, PAN or GST number, and pin code
  • Select the number of devices needed
  • Click Submit

If you have booked the JioPhone 

JioPhone is expected to reach the shops by the first week of September. Customers who have already pre-booked the phone online as well as offline are expected to get their phones then. For those who have already booked the phone, a message congratulating them on pre-booking the JioPhone and stating that the payment of INR 500 has been received was sent. The message also mentioned that once the phone is available, the customer will receive the store details.

Here is what happens once the JioPhones hit the stores:

  • For updates on the JioPhone’s delivery status, customers may dial 1800-890-8900 from the phone number registered while pre-booking the phone
  • Once the JioPhones reach their respective stores, the store details will be sent to the customer. These stores are expected to be allotted based on the pin code the customer filled in while booking the phone.
  • The customer will then have to go to the store to collect the JioPhone
  • The customer will have to carry INR 1,000, Aadhar card for identification, as well as the confirmation message or email received after pre-booking the phone

Summary

After an estimated three to four million people pre-booked the JioPhone, the telecom operator has paused the bookings.