Archive for November, 2017

Reliance Jio to extend the Triple Cashback Offer

November 29, 2017

Mukesh Ambani owned Reliance Jio has started with a new offer of triple cashback of up to INR 2,599 for its customers.

About the Triple Cashback offer by Reliance Jio

The cashback will be valid on a recharge of INR 399 and above. The offer started from November 10th. When it was first announced, it was valid until November 25th. However, now it has been extended until December 15th. The offer will give 100 percent cashback to Jio customers. Customers will get a cashback in the form of recharge vouchers worth INR 400, shopping vouchers worth INR 1,899, and a cashback of INR 300 on select e-wallets. This triple cashback is valid only for Jio Prime members who opt for the prepaid recharge plans.

Cashback categories

The cashback is offered in three categories.

  • First category

This category offers eight cashback vouchers whose value is worth INR 400 i.e. eight vouchers worth INR 50 each. The vouchers will be given instantly on the MyJio app and can be redeemed from November 15th, 2017.

  • Second Category

The second category offers instant cashback of up to INR 300. This is done through Jio’s partner digital wallet services. These include online wallets like AxisPay, PayTM, AmazonPay, FreeCharge, PhonePe, and Mobikwik. The cashback will be credited instantly to the user wallets

  • Third category

The third category by Jio is offering vouchers worth INR 1,899 per recharge. This is a collaboration between Jio with its e-commerce partners. According to the Jio website, the e-commerce vouchers will be offered from November 20th, 2017.

This offer also provides INR 399 off on apparels on a minimum purchase of INR 1,500 at AJio (an e-commerce company owned by Reliance Industries Limited). The offer will also give users a discount of INR 1,000 for every round-trip domestic flight booked via yatra.com, a travel portal. In addition, even Reliance Trends is offering INR 500 off to customers on purchases of INR 1,999.

Where can you get the triple recharge offer?

Customers of Reliance Jio can get a recharge of INR 399 or above from November 10th to December 15th. They can get the triple cashback from recharge channels like the MyJio app, Jio stores, partner retail stores, JioMoney, Reliance Digital, AmazonPay, MobiKwik, and PhonePe.

According to the Jio website, the cashback offer will be available instantly after the recharge. Users can check the status of their vouchers in the ‘My Vouchers’ section in the MyJio app.

Reliance Jio’s paid prime service

The paid Prime service by Mukesh Ambani led Reliance Jio was launched from April 1st, 2017. Customers had to pay the one-time fee of INR 99 to get a Jio Prime membership. Reliance Jio also offered 4G data and voice calls free of cost for the first six months after the commercial launch of its telecom service in September 2016. It has started charging its customers since April 1st, 2017.

Summary

Reliance Jio to offer triple cashback on its recharge plans of INR 399 and above.

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Mukesh Ambani Said that India is the Best Option to Bet your Money

November 22, 2017

Mukesh Ambani said that it is the best to invest your money in India as even his investment of INR 3.5 lakh crore paid off.

Ambani talks about making investments in India

At the Economic Times Awards, Mukesh Ambani, Chairman of Reliance Industries Limited (RIL) told people via his speech that India is soon going to treble in size when it comes to its economy. The economy has gone to USD 7 trillion from USD 2.5 trillion. This will make the nation rank among the top three economies of the world in the coming decade. India represents the biggest opportunity for investment according to Ambani.

Ambani won the ET Award for Business Leader of the Year for the second time and while giving his acceptance speech, he said, a few years ago, in India, it was a trend to invest abroad. People who didn’t invest abroad were left out. But RIL took a contrarian bet and had invested INR 3.5 lakh crore, of which a significant portion is in Jio.

About Jio

Reliance Jio was launched in September last year, and it disrupted the entire market by providing free voice calls for life and mobile data at cheap prices. Ambani mentioned the rivalry with other telecom companies which was sparked by Jio’s entry but is still in friendly.

Jio has 140 million customers, which has made India the world’s no. 1 in the mobile data market. Mukesh Ambani said that he believes that the world will go through more major changes in the coming 20 years than the changes it has gone through in the last 300 years.

Jio has provided the critical infrastructure that India requires to participate in the global economy as a first class citizen and at par with every other country. Ambani also praised the vision of the Prime Minister by saying that it is backed up by concrete action and is open and transparent.

Ambani talks about making India digital

The Chairman of RIL, Mukesh Ambani believes that data is the new oil and India has it in abundance so it doesn’t have to be imported. He said that it is our duty to ensure that every Indian has access to it. Ambani also thinks that data is the oxygen of the digital economy and Indians should not be deprived of this life-sustaining resource and they should be provided with access to high-speed Internet.

India is experiencing a major growth in mobile data market which is incomparable to the world. In the coming next 12 months, the 4G coverage in India will be larger than the 2G coverage.

As part of the audience for the awards ceremony were other eminent businessmen and rivals like Sunil Mittal, the Chairman of the Bharti Group, Kumar Mangalam Birla, Chairman of the Aditya Birla Group, and Sunil Sood, CEO of Vodafone India.

Summary

Mukesh Ambani talks about the investing in India as the best option, as he believes that India is going to be one of the top three economies of the world in the next 10 years.

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.

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.