Posts Tagged ‘RIL’

Reliance Industries Q2 Results Showcase Strong Earnings

October 20, 2016

Reliance Industries Limited, India’s largest private-sector company announced its Q2 results today. The Mukesh Ambani-led conglomerate showcased strong growth all around. RIL’s Quarterly consolidated net profit stood at Rupees 7,206 Crore ($ 1.1 Billion), up from the last quarter 43.1%. Additionally, its quarterly consolidated PBDIT stood at Rupees 13,551 Crore ($ 2.0 Billion), up 24.8%. The company also announced record earnings in the Petrochemicals Segment (EBIT) and record Quarterly Standalone Net Profit of Rupees 7,704 Crore ($ 1.2 Billion), up by 17.9%.

Key Highlights

The numbers showcased in the live telecast of the Q2 results by Alok Agarwal, CFO of RIL indicated to yet another strong showing by RIL. The consolidated revenue (turnover) increased by 9.6% to Rupees 81,651 crore ($ 12.3 billion). PBDIT increased by 24.8% to Rupees 13,551 crore ($ 2.0 billion) and EBIT margin at 11.3%, up by 148bps. What’s sure to ease shareholder sentiment are the numbers showcasing profit. Profit before Tax (excluding exceptional item) increased by 40.8% to Rupees 9,884 crore ($ 1.5 billion) whereas Cash Profit (excluding exceptional item) and Net Profit (excluding exceptional item) increased by 27.7% to Rupees 10,341 crore ($ 1.6 billion) and 43.1% to Rupees 7,206 crore ($ 1.1 billion), respectively.

Petrochemicals, Refining, Oil & Gas

The core of RIL’s business for the past two decades has been petrochemicals, refining and other key areas in the Oil & Gas sector. The business environment has changed dramatically over time and even in the last quarter presented some new challenges. Considering the overall business outlook of this sector, the overall scenario presented in RIL’s Q2 report does indeed look promising.

Global oil demand continues to remain firm tracking 1.3 mb/d growth in 2016. Demand growth in India has been particularly strong with 8% Y-o-Y overall growth in 1H FY17, led by gasoline (+11%), ATF (+11%), LPG (+11%) and diesel (+3%). Average utilization rates for refineries globally in 2Q FY17 were 87.8% in North America, 86.2% in Europe and 86.0% in Asia. RIL’s exports of refined products from India were at $ 4.8 billion during the 2Q FY17 as compared to $ 5.5 billion in 2Q FY16. Export volumes of refined products remained unchanged on a Y-o-Y basis at 11.1 MMT during the quarter.

New Frontiers

Reliance Industries Limited’s foray into telecommunications has been widely anticipated for some time now. The company’s 4G/LTE initiative, a subsidiary of RIL titled, ‘Reliance Jio Infocomm Limited’ officially launched services on September 1st 2016 with its ‘Welcome Offer.’  Jio has already seen over 16 million users subscribing to its services and is growing at a remarkable pace in the less than 50 days after its official launch. Jio also issued Rupees 2,000 crore of 5 year Non-Convertible Debentures (NCDs), bearing a coupon of 8.32% per annum, payable annually.

With over 2,50,000 crores invested in this ambitious new venture, Reliance is indeed banking on impressive gains from Jio for both, consumers and shareholders.

Chairman and MD on the Q2 Results

With a performance far better than the markets expected, Chairman and Managaing Director of Reliance Industries Ltd., Mukesh Ambani was understandably quite pleased with the numbers showcased in the results. Commenting on the results, he was quoted as saying, “The Company has achieved outstanding second quarter results with strong refining business performance and record petrochemicals segment earnings. Refining business sustained high profitability in a tough environment highlighting our exceptional refining assets, dynamic response to market trends and robust operations. Petrochemicals segment gained significantly from higher volumes, integration and supportive product margins. Our projects in the hydrocarbon chain are at advanced stages of mechanical completion and precommissioning activities. These projects will further strengthen our position as a leading operator in the energy and materials businesses. We are delighted and humbled by the enthusiastic adoption of Jio by India. Jio is built to empower every Indian with the power of data”.

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RF’s Work in the Field of Healthcare for Women and Children

September 27, 2016

Established in 2010 by Founder and Chairperson Nita Ambani, Reliance Foundation (RF) is an organization that serves to expand the charitable activities of Reliance Industries Limited (RIL).

One of the foundation’s main areas of interest includes providing equal healthcare opportunities, which are affordable as well as easily available, to all sections of Indian society.

Health for All initiative

RF’s motto ‘health for all’ has helped it devise an integrated healthcare model that helps disseminate services to the most afflicted communities across the country. The foundation has developed a network of healthcare delivery mechanisms. More than 35 lakh individuals have benefitted through RF’s initiatives, which span from childcare, specialized care for HIV/AIDS patients, to the treatment of disorders like diabetes.

Since women and children’s health needs often go unnoticed in India, Reliance Foundation caters to them, with some of its initiatives dedicated specially to these groups. The programs help increase awareness regarding several issues that concern women such as cervical cancer, sanitation, hygiene requirements, menstruation, and the importance of child immunization.

Women and children’s healthcare

Owing to menstruation and childbirth, an overwhelmingly large number of women are anemic. Anemia is a disorder wherein an individual’s hemoglobin capacity is diminished, leading to general weakness and fatigue. RF’s initiative focuses on the early detection of this ailment, which in turn would help prevent and manage anemia.

With regard to children, malnutrition poses the biggest risk. Therefore, the foundation works extensively in order to identify afflicted children through its grassroots camps. It then distributes special micro-nutrient supplements that would provide these children with adequate nutrition. Additionally, RF also tracks their developmental status, and provides counseling to their mothers regarding their health. The counseling service offers these mothers insights into correct eating habits. The foundation also works in partnership with local Anganwadi centers, which further extends its reach.

Health Mela

Organized in Mumbai by Nita Ambani led Reliance Foundation, the Health Mela was held on the occasion of International Women’s Day. The health camp was aimed at granting quality healthcare services to women. The camp witnessed a large number of healthcare experts coming together to increase awareness about various health services. It provided a platform for women to discuss their problems and find solutions to the same, with the guidance of expert practitioners. Leading doctors also provided free check-ups and medicines at the camp.

As part of its celebrations for International Women’s Day, RF also carries out several health outreach programs in states where the foundation is already conducting rural transformation initiatives. These events are generally aimed at providing a comprehensive insight into maintaining good health for women and children. The camps help increase awareness regarding various ailments, diseases, besides offering free consultations, and long-term solutions to health problems.

Summary

Reliance Foundation is extensively engaging in initiatives that are devised to improve the health of women and children in India.

9 Startups Graduates from GenNext Hub Summer 2016 Program

September 21, 2016

GenNext Hub is the startup scalerator by Reliance Industries Limited (RIL) that is nurturing digital entrepreneurship in India. At GenNext Hub, RIL is catalysing a unique start-up ecosystem, which rests on the tripod of talent, technology and trust. This venture is aimed at spotting and encouraging ‘talent’, helping them harness their ‘technology’ and backing them by putting total ‘trust’ in them. During the four-month-long programme, GenNext Hub conducts workshops and mentoring sessions for start-ups in the areas of customer development, market traction, operations, product roadmap, fund raising and pitching. It also provides expertise in IP, legal, financial compliance, HR and specific sectorial expertise. GenNext Hub is uniquely positioned as a global programme that helps start-ups think big and grow fast.

GenNext Hub RELAY, the graduation ceremony of the 9 startups of the summer 2016 cohort is scheduled on Tuesday, 20th September 2016. The cohort of summer 2016 is the third batch of startups to participate in the GenNext Hub scalerator program. These 9 startups were selected from a pool of over 500 qualified applications received from startups spread across the length and breadth of India, and abroad. With a stringent acceptance ratio of 50:1, the selection process also included a jury made up of senior RIL management, established entrepreneurs, renowned investors and industry thought-leaders. To be selected, the startup has to be a registered entity, have a strong founding team consisting of a mix of business and technical expertise, a commercialized product with rich intellectual property and market traction.

With its structured program, GenNext Hub is able to revisit, refine and reinforce the startups’ core product offering and business model. Its rich mentor panel consists of thought-leaders, industry icons, subject matter experts and established entrepreneurs. Along with the external mentors, startups at GenNext Hub also have access to select leaders of RIL for business and technology guidance. The resources made available through GenNext Hub’s global partner network including Microsoft Accelerator, offers startups a holistic support system. Startups leverage the networking events organized by GenNext Hub for both customer and investor connects.

What truly makes GenNext Hub a Scalerator is the unparalleled access to Mukesh Ambani led Reliance Industries Limited (RIL) for the startups to potentially collaborate and co-innovate. With its diverse portfolio of businesses across various sectors and domains, RIL is able to provide the testing bed for the startups to validate their technology and business, execute Proof of Concept (PoC) and develop win-win partnerships.

Startups of summer 2016:

  • Codemojo: Retaining users is a tough job in today’s competitive world of apps and websites. Codemojo offers customer engagement with 10 lines of code & 10 minutes of API integration for omni channel businesses to increase daily & monthly active user base through loyalty, behavior, gamification, referral, wallet, etc. According to the company, the cost of retaining loyal user is currently $4 with a 125% Year-on-Year (YoY) increase translating into a $40 Billion market. Codemojo has recently raised investment from CIO Angel Network (CAN).
  • DATTUS: About 75% of the industrial equipment are over 20 years old and costs $100 Billion annually due to downtime. DATTUS is an industrial IoT company providing seamless hardware and software solutions to sense, connect, visualize and analyze industrial equipment to ensure a long lifespan and to reduce the cost of maintenance. The company was founded by winning multiple business plan competitions through which they raised $250,000. They are the winner of the MIRA Awards, ‘The Best of Tech in Indiana’ for 2016. Recently they have raised Series Seed round from U.S. based venture capitalists.
  • Don’t Scratch Your Head (DSYH): Lack of seamless reconciliation of sales and inventory causes significant losses for sellers on e-commerce market places. DSYH is next generation data-analytics Company that solves the reconciliation problem with a cloud-based solution. The company has engaged major market places and retailers in the Indian ecosystem to address the $500+ Million opportunity and has raised $250,000 angel investment from Venture Catalysts.
  • Happy2Refer (H2R): It is a pain to reach and engage quality passive talent through traditional job portals and recruiters. H2R is changing the way of hiring by leveraging the power of multidegree referrals to spot and engage passive talent. The company says that the Indian staffing market is a $4.2 Billion opportunity and it has already acquired an impressive list of clientele including Nestle, Colgate-Palmolive, Shaadi.com, etc.
  • Headspin: With growing number of mobile devices being used in various cellular networks, it is very challenging for app developers to understand how their apps behave from remote locations. Backed by Google Ventures and other major Silicon Valley based investors, Headspin makes it possible to test apps on any device with real SIM cards over cloud on massive scale. Potentially all apps with 500,000+ global users will need Headspin.
  • Megdap: Only 10% of India’s population speaks English while majority of the digital communication happens in English. Megdap solves this problem through TexLang, a language technology platform for near time & accurate language translation. Megdap is engaged with major banking customers.
  • NavStik: Each commercial drone application is unique and requires high level of customization. Through a single platform called FlytOS, NavStik Labs is able to address the unique need of every commercial drone application. The market opportunity is estimated to reach $100+ Billion by 2022. NavStik has recently raised investment from 7 prominent angel investors.
  • Recipe Book: Figuring out what to cook on a daily basis is always a challenge given today’s busy lifestyle. Recipe Book is an app that makes it extremely easy to discover new and interesting recipes. The app is an intelligent recipe recommendation and discovery platform based on Image Recognition and Natural Learning Processing (NLP). They were featured in Google I/O 2016 and was the first Indian app to be in Google Play Editors’ Choice.
  • Tagalys: Personalizing online retailers’ website to match the individual users’ taste is a big challenge that leads to lower conversion to sales. Tagalys maximizes e-commerce revenues by personalizing visitor-product engagement across features like site search, browsing and recommendations. Tagalys is targeting customers with more than $5 Million of annual revenues which leads to an estimated total market opportunity of approximately $5 Billion.

Summary

GenNext Hub is the startup scalerator by Reliance Industries Limited (RIL) that is nurturing digital entrepreneurship in India.

A Comprehensive Guide to Enjoying Reliance Jio Services

September 2, 2016

Reliance Jio services went live on Thursday, 1st September 2016. Chairman and Managing Director of parent company Reliance Industries Limited (RIL), Mukesh Ambani announced the tariff plans while officially launching Jio.

Benefits to customers

Also touted as the world’s cheapest data provider, Reliance Jio has completely eliminated the cost of voice calls. It has made lifetime voice calling free, in addition to pricing data at rates like 1GB/Rs. 50. This is not only helping Jio gain popularity but also praise in terms of its role in the digitization of India.

As Jio continues to focus mainly on the youth of India, the company is offering 25% extra data to students on the purchase of data plans.

Tariff plans

The world’s largest start-up allows users to select from ten of its data packages which range from small to XXX-Large. Valid for a period of 28 days, these plans will allow individuals to thoroughly enjoy premium Jio applications like JioOnDemand, JioBeats, JioPlay, and JioMags. The biggest plan, XXXL entails 75GB data and is priced at Rs. 4,999.

Purchasing Jio SIM cards

Interested individuals may visit their nearest Reliance flagship store like Digital Xpress or Reliance Digital. They would have to carry and submit the required documents which would include identity proof, address proof, and a photograph. However, once the e-KYC facility is rolled out over the next two months, individuals will be able to enter a store and walk out with Jio SIM cards in 15 minutes. The e-KYC service would also eliminate the need to submit physical documents, replacing these proofs with a valid Aadhar card.

Reliance Jio services

The superior speed and affordable rates are two factors driving the popularity of Reliance Jio . The tariffs are approximately 1/10th that of other Indian telecom players, which is helping Jio carve a name for itself in the market. The 4G data is supported by high speeds which further boosts its competitive edge.

LYF smart phones

Jio services are complemented by its range of smart devices ranging from JioFi devices to the extensive list of LYF smart phones. While a JioFi device now costs Rs. 1,999, the starting price of LYF smart phones is Rs. 2,999. LYF includes four sub-categories namely FLAME, WIND, EARTH, and WATER. The FLAME series is the most pocket-friendly and allows individuals to experience 4G LTE features at only Rs. 2,999. On the other hand, LYF EARTH 2 is the brand’s most premium smart phone and retails at Rs. 19,999.

In addition to these smart phone models, several manufacturers also have tie-ups with Jio, thereby allowing their customers to avail of the Jio Preview offer. This preview offer is applicable to select smart phone devices falling under brands like LG, Samsung, Karbonn, Lava, HTC, Intex, and Videocon. The offer allows individuals to access unlimited data, voice, and messaging services for free along a period of 90 days.

Summary

Reliance Jio SIM cards are now available commercially and may be conveniently purchased by visiting Reliance-affiliate digital stores.

Reliance Jio Collaborates with Flipkart for Sale of LYF Devices

August 16, 2016

Reliance Jio is an emerging brand in the Indian telecom sector. The services offered by the company include high-speed 4G data packages, VoLTE calling services, and a host of content platforms. To compliment these services, Jio has launched a range of 4G-compatible devices.

Reliance Jio’s LYF smart phones are available across varied price bands to suit every budget. The brand’s main target audience remains customers between the ages of 15 and 30. Jio has sold several LYF devices and the response it has received is immensely positive.

Recently, the company implemented another marketing strategy to expand its consumer reach by collaborating with online shopping portal, Flipkart.

LYF devices for sale on Flipkart

Following the tie-up between LYF and Flipkart, the e-commerce brand put up two LYF smart phones on sale, namely WIND 3 and FLAME 8.

LYF WIND 3 boasts of premium features like an internal storage amounting up to 16GB and a sleek 5.5-inch HD display. The device functions on a Snapdragon processing system and includes the dual-SIM feature. Furthermore, it has a long-lasting 2,920 mAh battery and a superior 8MP rear camera. The WIND 3 model costs Rs. 6,999.

The FLAME 8 is built to last with a stylish 4.5-inch display and a durable 2100mAhh battery. The device is packed with an 8GB ROM that may be expanded with the help of a microSD card. It provides excellent picture quality with its 8MP rear and 5MP front cameras. The phone is powered by an efficient Snapdragon 210 Processor and is priced at Rs. 4,199.

Reliance Jio’s affordable 4G LYF handsets

The Vice President of the Mobile segment at Flipkart, Mr. Ajay Yadav stated that the collaboration could boost both the companies’ goals to expand the reach of 4G in India. Moreover, the e-commerce brand is already responsible for around 60% of the smart phone devices that sell in the country.

Preview offer with LYF smart phones

The sale of the WIND 3 and LYF FLAME 8 smart phone models will also make it possible for Flipkart to give its customers an experience of the high-speed Jio 4G services. These facilities come under a preview offer that entails services like free unlimited calls and internet facilities for three months.

An IDFC Securities analysis recently attributed the success garnered by Jio to its HD voice features, engaging applications, and superior network coverage even in remote areas of India. A Cyber Media Research and Services report confirmed that LYF ranks as the third-largest smart phone brand with respect to sales made during the March quarter, garnering it a market share of 12.6%. The brand has a range of devices under its Elements Collection that includes FLAME, EARTH, WATER, and WIND which are available between the price bands of Rs. 5,490 to Rs. 19,999.

Summary

Reliance Jio ties up with e-commerce brand Flipkart for selling LYF smart phones. Currently, LYF WIND 3 and FLAME 8 are available for purchase on the online shopping portal.

Nita Ambani Elected as an IOC Member

August 5, 2016

Reliance Foundation’s Founder and Chairperson, Nita Ambani has actively encouraged sports across India. Moreover, she has even gone a step ahead by associating herself with several of them and even backing programs to develop the same. These efforts were acknowledged globally when Nita Ambani was nominated to become a member of the International Olympic Committee (IOC).

Nita Ambani’s election

The IOC is the most renowned sports body in the world. Good news is that Nita Ambani has recently been elected as a member of the same following her nomination, making her the first Indian woman in the council. She will represent India on the international platform, thereby helping Indian sports create a niche internationally.

Selection procedure

Nita Ambani successfully went through the candidate-selection procedure and emerged victorious as an independent member. The election took place on the 4th of August 2016, at the 129th Session. The election ceremony was conducted only a day prior to the 31st Olympics Games which are being held in Rio. This election has been a fresh start for India as the country has not had a representative in the IOC for a long time. Nita Ambani’s experience in the field of sports, particularly her role as IPL team, Mumbai Indians’ principal owner, makes her apt as a representative. IOC President, Thomas Bach played a major role in the election process. Nita Ambani was among eight of the most distinguished individuals who were nominated. Mr. Bach stated that each of the nominees were outstanding in their respective fields.

The committee followed a new recruitment process this time that followed the recommendations of the Olympic Agenda 2020. The candidates were nominated keeping their merits in view by members of the IOC. Nita Ambani is the sole representative from India in the IOC. The elite sports body will require her to serve as member till she reaches the age of 70.

Nita Ambani’s aim to develop sports in India

Nita Ambani encourages multiple sports in the country. Apart from her involvement in the Mumbai Indians’ franchise, the Indian Super League is also an initiative by her. The latter is a step towards popularizing football in India. Besides this, she went a step ahead to develop sports by initiating grassroots programs. These programs have managed to enroll more than three million children for several sports.

Nita Ambani believes that sports play a vital role in building a nation and keeping it united. She also stated how it could improve the lives of youngsters in the country. Nita Ambani aims to spread the Olympic spirit across the country and take Indian sports to a global level. Post her election, she was congratulated by the likes of Sachin Tendulkar who took to social networking sites to extend their good wishes. Her election is being viewed as a major accomplishment for India, as the same will help her in speeding up the development of diverse sports in the country.

Summary

Nita Ambani becomes the first Indian woman to become a member of the IOC.

Reliance Industries Devises an Omnichannel Strategy for AJIO

August 2, 2016

Mukesh Ambani led Reliance Industries Limited (RIL) is extending its Jio brand to businesses like fashion and e-commerce through its new website. While the company’s telecom arm is undergoing final tests and gearing up for the commercial launch, AJIO.com was launched in April and underwent a three-month testing period.

AJIO.com

Named after Reliance Jio, the AJIO store promises to deliver the best in fashion, curated specially for contemporary shoppers. The website offers more than 1300 stylish pieces currently and has already tied up with international brands like Diesel and Superdry.

Reliance’s AJIO will allow individuals to browse and purchase from categories like fashion and general merchandise. This dual model stems from understanding marketing conditions; fashion offers high margins while general stock helps add a diverse range of products although at lower margins.

Parent company RIL intends to create an omnichannel strategy for AJIO by opening shop-in-shops across over 100 Reliance Trends outlets. Several Reliance Trends stores now have AJIO kiosks which allow buyers to browse and place orders from Reliance’s brick-and-mortar stores.

Reliance’s fuel business

The Mukesh Ambani-owned Reliance Industries aims to elevate the scale of its fuel business by offering non-fuel related facilities at select petrol pumps. The company’s strategy includes integrating Reliance’s retail offerings with its affiliate fuel stops. Although Reliance aimed at reviving its fuel business in March 2016 through its 1,500 outlets, it will now restart them towards the end of the current financial year.

Several Indian companies, including RIL who have a stronghold in the private energy sector planned to expand their fuel retail business post the Indian Government’s decision of deregulating diesel prices.

Customer-oriented strategy

The private conglomerate owns 361 fuel pumps that are operated by the company across the country. These would be integrated with its retail businesses that span across categories like fashion, digital services, and lifestyle.

The outlets will provide consumers with a diverse range of non-fuel products. Reliance Retail currently runs 3,383 stores across the country in 679 locations.

More than a petrol pump

V Srikanth, Joint Chief Financial Officer at Reliance Industries Limited, said that the aim is to become more than just a chain of petrol pumps. In order to develop the fuel business into a more consumer-oriented one that offers them an enriching experience, the company decided to merge its retail and fuel arms.

Another industry source explained how RIL aims at expanding its retail presence on an infrastructural level as well. By adding some designated square feet to its affiliate petrol pumps, it will not only boost the revenue generated, but also offer value additional retail facilities.

Summary

Reliance Industries Limited intends to implement an omnichannel strategy to popularize its AJIO fashion portal. In order to revive its fuel business, RIL will offer non-fuel related consumer goods at select petrol pumps.

Reliance Jio Launches 4 New Content Applications

July 20, 2016

Reliance Jio is the telecom and digital services arm of Reliance Industries Limited (RIL). As Jio gears up for its commercial launch, it has released four applications, namely Jio Mags, Jio Beats, Jio Play, and Jio News.

Jio Play offers entertainment options to users, Jio Beats allows them to stream music, Jio Mags grants access to several magazines, and Jio News provides timely news and updates.

Jio Play

Jio Play offers more than 300 television channels, with more than 30 HD channels. One of the features that set it apart from the rest is that the app supports 15 languages and covers over 10 genres. The application will allow users to catch up on their favorite shows and provide them with a one week library of content. An industry source said that over the next month, the application would be hosting 60 channels more as certain content deals are still undergoing technical modifications as of now.

Jio Beats

Jio Beats allows users to listen to millions of songs available across 20 Indian languages as well as international music which will be available as high-quality audio files. Wearable devices, Bluetooth speakers, and wireless devices may easily be connected to the application for a seamless content-streaming experience. The application also offers a curated one-touch radio which is free of advertisements.

Jio Mags

Over 5,000 leading magazine issues will be available in the Jio Mags library. The magazine app supports 10 languages and over 15 genres. The application also has several personalization options and may be customized according to the user’s preferences.

Jio News

Jio News is the news application offered by Reliance Jio which will feature content submitted by more than 500 publishers from more than 1600 news sources in 11 languages. Jio News is said to offer a personalized news-reading experience to users which is devoid of any distractions. Articles can be saved for reading offline and users may also clip portions for further reviewing.

Chairman speaks

RIL Chairman and Managing Director, Mukesh Ambani , elaborated on Jio’s digital ecosystem at the 41st Annual General Meeting of Reliance Industries. He stated that Jio will be offering a plethora of digital services which would be entertaining as well as engaging.

He stated that the present television experience will undergo a massive transformation owing to the advanced digitization brought about by Jio’s services. He explained how this move would transfer the power straight into the consumers’ hands.

Smart phone tie-ups

Reliance Jio has partnered with multiple smart phone manufacturers in order to extend its reach in the Indian market. Apart from Reliance LYF smart phones, users can now also avail of Jio services on the purchase of select Samsung models. The trial Jio SIMs grant access to free Jio services for three months.

Apart from the deal with Samsung, a partnership with Apple may soon be on the cards. An industry source stated that the partnership of Jio and Samsung resulted in a sales growth of 15-20% for Samsung smart phone models.

Summary

Prior to Reliance Jio’s commercial launch, the telecom operator launched four applications which allow users to access a wide variety of music, news, magazines, and television shows.

Reliance Jio Services to Be Offered on Select Samsung Devices

July 15, 2016

Reliance Jio, the world’s largest start-up has entered into a partnership with leading phone manufacturer Samsung. On purchase of select Samsung smart phone models, buyers will have the option of gaining access to Jio SIM cards and avail Jio’s 4G services in india.

Jio preview

Although the limited preview of Jio’s 4G services was previously available only on its LYF smart phone range, Samsung phone buyers can now also enjoy free unlimited data and voice services for up to 90 days. Additionally, they would also have access to all Jio applications, and HD calling facilities.

Devices on offer

Certain Samsung 4G handsets which are compatible with the FDD-LTE Band 3 qualify to offer users a Jio 4G experience. Some of them include the Galaxy Note 4, Galaxy Note Edge, Samsung Galaxy A5, and Galaxy S7 Edge.

After purchasing any of the Samsung devices associated with the offer, buyers have to download the MyJio application available on Google Play. Following this, the buyers will find a ‘Get Jio SIM’ option.  On clicking the option, a bar-coded coupon will be generated.

The process

The barcode generated is non-transferrable and also comes with a limited validity period. Users have to submit any one proof of identity and proof of address for the verification process.

Customers may head to the nearest Reliance outlet which will issue them a Jio SIM card upon the successful submission and authentication of all documents. Buyers may then activate the ‘Preview Offer’ from the MyJio app, and access all the services.

Extended warranty

Installing the LYF Care application on LYF smart phones offers enhanced security to users as it provides them with an extended warranty even after their devices’ manufacture warranty expires. It also grants them access to a plethora of services like the support guide, and customer support options.

Upon downloading the LYF Care application, users have to register their devices with the help of the invoice of purchase. As soon as the manufacturer’s warranty period expires, the LYF Care warranty would be applicable.

Details of warranty

Reliance LYF is one of the only smart phone brands to extend the warranty period. However, this is not extended to any of the phone’s accessories, including the phone charger.

The warranty would be applicable on all LYF phones which are available in LYF mobile price of Rs. 4,000 to Rs. 20,000. The company recently offered heavy discounts on its FLAME series, this move of announcing a dip in LYF mobile price has ensured that users can purchase LTE-enabled FLAME handsets at an affordable price of Rs. 2,999 each and launched two new cellular models, LYF WATER 4 and LYF WATER 6.

LYF WATER 4

The LYF WATER 4 variant offers a 5-inch display screen with 720p resolution. Operating on a 1.2 GHz quad-core processor, it offers users a seamless experience .It also has a 13-megapixel rear camera enabled with LED flash and FHD-recording feature.

LYF WATER 4 runs on Android Lollipop and is currently available only in the color white. It runs on a 2,920 mAh battery that can last an entire day. The device also has several inbuilt Jio applications for an enhanced 4G experience.

Summary

Reliance Jio partners with Samsung smart phone brand in order to expand the preview of Jio services.

Reliance Jio: An Emerging Telecom Service Provider

July 13, 2016

Reliance Jio services are currently in their beta phase of testing and analysts continue to predict the date of its commercial launch, which is expected to happen later this year. The company has already rolled out its data and voice calling services to a certain extent.

Reliance Jio is leading in terms of pan-India spectrum purchases and will soon offer 4G services on LYF’s LTE-enabled devices.

Jio services

Customers can avail of free Jio services on the purchase of a LYF handset for 90 days. Available as a restricted preview currently, users can truly enjoy Jio services only after registering on the official website, myjio.com.

Post registration, individuals would receive a code that would grant them access to all of Jio’s add-on services and content streaming platforms. This code not only comes with an expiry date but also cannot be shared or transferred. On average, Reliance Jio’s   speed test on its 4G network saw a download speed of 6 to 10 MBPS.

LYF smart phones

WIND 5 and WIND 6 are priced at Rs. 6,599 and Rs. 5,999 respectively and allow users to experience seamless data calls. They also boast of an HD 5-inch display and a powerful 8 MP rear camera. LYF’s EARTH 1 and EARTH 2 are its premium range of smart phones and retail at a price of Rs. 15,000 and above.

LYF cellular devices are available at Reliance Digital Stores and Digital Xpress Mini Stores. The large distribution network has helped Reliance LYF to become the fifth- largest Indian smart phone brand in terms of sales.

Devices on discount

LYF smart phones are available across a wide price range starting from Rs. 4,000 up to Rs. 20,000. In order to increase the Indian public’s accessibility to quality smart phones that also support 4G services, Reliance announced discounted rates for several LYF devices.

This move of announcing a dip in LYF smartphone price has ensured that users can purchase LTE-enabled FLAME handsets at an affordable price of Rs. 2,999 each. In addition to their specifications, all LYF handsets come with a free Jio SIM card packed with free data services for a three-month period.

Jio’s pilot launch

In its test phase, Jio witnessed a monthly usage of over 13 million GB across the country. The pilot launch of Jio invited Jio’s employees, major stakeholders, associates, relatives, and friends to use the service. Jio’s pilot launch led to 7,000,000 individuals consuming data of around 13 million GB with each user consuming an average of 19.2 GB. A company source stated that Reliance has invested almost 34,000 crores towards its telecom venture.

Summary

Reliance Jio is gearing up for its commercial launch which is expected to take place in late 2016. Currently, certain LYF handsets are available at discounted rates along with a Jio SIM card that offers users unlimited services for three months.