Posts Tagged ‘Reliance Industries’

Jio Adds 7.34 Million Subscribers while Data Speeds Increase by 50%

December 13, 2017

The data speed of Mukesh Ambani owned Reliance Jio increased by 50 percent after the phase of providing free services. In October, the telecom company added 7.34 million subscribers.

Jio’s data speed

Reliance Industries Limited’s (RIL) telecom service Jio was started in September 2016. At first, the services were distributed for free. Later in April 2017, Jio started charging for its services. Post this, it has been reported that the company has seen a 50 percent increase in the network performance. The report by OpenSignal says that the reason behind the sudden increase in speed is due to the unclogging of the network.

How the telecom company’s speeds increased

When Reliance Jio was launched, it offered free voice calls and unlimited 4G data to users. This led to over 100 million subscribers joining Jio. The huge increase in subscribers began to clog the network and eventually reduce the speed of data resulting in calling issues. In April 2017, Jio ended its free plans and customers started paying for their services. This has resulted in a fall in subscribers and an increase in data speed.

However, the report went on to say that the increase in speed cannot be entirely attributed to the unclogging of the Jio network. Other factors such as the upgradation of Jio’s network or users having to spend paid data more consciously may have given rise to this increase.

Mukesh Ambani led Reliance Jio’s speed in five months

Five test periods consisting of three months each were organized and it has been noticed that there is a steady rise in the average 4G download speed. After a small increase in February, Jio’s speed dropped to around 4.2 Mbps in March-April. After this, the free offers ended and the rise started and continued on until the end of July. Jio has seen a steady rise in its speed in the last six months. It went up to 5.8 Mbps from 3.9 Mbps, which is an almost 50 percent increase in speed.

Adding up subscribers in October

In spite of the reduction in customers during the introduction of its paid services, the Jio customer base has been steadily increasing. In October, it added 7.34 million subscribers resulting in a 12.39 percent market share. According to the data released by the Telecom Regulatory Authority of India (TRAI), Jio had 11.72 percent market share in September, in August it was 11.19 percent, and in July it was 10.83 percent. By the end of October, the Jio customer base had grown to almost 146 million.

Jio Data plans

Some popular data plans by the company are as follows:

  • INR 98 plan

This Jio data plan has a validity of 14 days. It has a daily limit of 0.15GB data. This plan also has free voice calls and 140 SMS.

  • INR 149 plan

This plan has a validity of 28 days. It has a daily limit of 0.15 GB data. Customers get free voice calls and 300 SMS.

  • INR 309 plan

The INR 309 plan has a validity of 49 days with unlimited voice calls and SMS. It has a daily limit of 1GB data.

Summary

Jio has experienced an increase in the data speed after ending its free services while at the same time adding 7.34 million subscribers in October.

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Data is the New Soil: Mukesh Ambani

December 6, 2017

At the HT Leadership Summit 2017, Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, spoke about how data connectivity and artificial intelligence will lead to a new industrial revolution; and how India offers the greatest investment opportunity in the world today.

Digital green revolution according to Ambani

Mukesh Ambani said that data is not only the new oil but also the new soil. According to him, there is a need and also an opportunity to create a digital green revolution using data.

Ambani’s definition of this digital green revolution covered the following points:

  • Mechanical services that are enabled digitally, which will benefit the farmers, regardless of their landholding
  • Fertilizers or pesticides enabled digitally to rejuvenate soil
  • Digitally enabled seed-to-crop process to get the best yield and increased income for farmers
  • Digitally enabled water management; and supply chain with full traceability, so that waste is removed at every stage and quality is assured

Mobile data and Jio

Further, Ambani spoke about Jio Infocomm and data consumption in the summit. Since its launch in September 2016, Jio posed tough competition in the telecom industry after offering free data and voice call offers. According to Ambani, the consumption of data has increased after this launch; catapulting India to the no. 1 rank for mobile broadband in the world, as compared to its earlier150th one.

Ambani believes that if Jio dons the mantle of leader then 19 lakh colleges, 700 universities, and 58,000 colleges in India will become digital.

India offers world’s greatest investment opportunity

Ambani believes that India offers the greatest investment opportunity across the globe. RIL backed his belief by investing USD 60 billion in the country when most other companies were investing abroad.

He expressed his conviction about data connectivity and artificial intelligence forming the base of the next industrial revolution; and how these could enable India to overtake even USA and China to become the largest economy in the world.

Further views on related topics

A few other notable points that Mukesh Ambani covered in his speech were:

  • Jio and artificial intelligence could serve to connect students from remote villages to faculty members from universities to deliver lectures
  • Data connectivity could help improve delivery of healthcare services remotely
  • Big data would prove to be a game-changer in the way business is done. Billions of data points would help anticipate and supply fulfillment of needs.
  • The Aadhar card has catapulted India decades ahead of even many advanced economies
  • Technology would provide an equitable and inclusive developmental model, based on good governance and a culture of empathy

Summary

Mukesh Ambani’s speech at the HT Leadership Summit 2017 emphasised how data connectivity and artificial intelligence would form the base of an industrial revolution and how India offered the greatest investment opportunity in the world.

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.

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.