<ul><li><keyword id="6354504" type="DEFINITION" weightage="20" keywordseo="reliance-jio">Reliance Jio</keyword>’s profits increased by 73% in the last quarter on the back of tariff hikes and reversal of provision on AGR dues.</li><li>The company also announced a new video conferencing platform called JioMeet, taking on Google Meet and Zoom.</li><li><keyword id="2003276" type="PERSON" weightage="20" keywordseo="Jio">Jio</keyword> was most recently valued at nearly ₹4.4 lakh crore after the 9.9% stake sale to Facebook.</li></ul><keyword id="3216276" type="PERSON" weightage="20" keywordseo="reliance-jio-profits">Reliance Jio profits</keyword> jumped by more than 73% in the fourth quarter, rising to ₹2,331 crore in the last three months. A big chunk of this profit came from the 40% hike in tariffs in December. People are paying more and still consuming more data — wireless data traffic is up 34% compared to the quarter ended December 2019. Jio’s subscriber base is up 26% to 387.5 million compared to the same time last year. <div type="Article" hostid="261" msid="75474722" title="Reliance Retail’s operating profit grows nearly 20% in the latest fourth quarter⁠⁠" mstype="2" mssubtype="0"></div> Data usage is likely to rise further in the April-June quarter as people have been locked indoors due to the lockdown imposed to curb the spread of coronavirus. Jio was most recently <a href="https://www.businessinsider.in/business/news/jio-a-3-year-old-telecom-company-is-now-bigger-than-hdfc-infosys-and-itc-and-indias-largest-bank/articleshow/75290132.cms">valued at nearly ₹4.4 lakh crore</a> ($5.7 billion) after the stake sale to Facebook. The deal has added a new business segment altogether The <a href="https://www.businessinsider.in/tech/apps/news/mukesh-ambani-wants-to-be-alibaba-with-reliance-jio-super-app-and-investment-from-facebook/articleshow/75343540.cms">partnership between Jio and Facebook</a> is likely to be a big money spinner for both Ambani and Mark Zuckerberg. “Our focus will be India’s 60 million micro, small and medium businesses, 120 million farmers, 30 million small merchants and millions of small and medium enterprises in the informal sector.” So much so that, RIL has decided to segregate 'financial services' as a separate business segment ⁠— and this will include treasury investment activities, payment bank, consumer lending business, insurance broking business among others. Most of these businesses will either be born, or will get a boost, from the Facebook deal. Aside from the financial units, the partnership with Facebook will also give birth to the Jio Meet video conferencing platform that will take on the likes of Google Meet, Zoom, Skype and the likes. Jio, India’s first data-only telecom company, announced an increase in both subscriber base as well as data consumption. Jio revealed that its subscriber base grew by 17.5 million users to 387.5 million. See also: <a href="https://www.businessinsider.in/business/corporates/news/ril-rights-issue-ratio-pricing-and-value/articleshow/75474592.cms">Mukesh Ambani offers Reliance Industries shareholders 1 new share for every 15 held⁠— at a price 14% below market value</a> <a href="https://www.businessinsider.in/business/news/reliance-retails-operating-profit-grows-nearly-20-in-the-latest-fourth-quarter/articleshow/75474722.cms">Reliance Retail’s operating profit grows nearly 20% in the latest fourth quarter⁠⁠</a> <a href="https://www.businessinsider.in/tech/apps/news/mukesh-ambani-wants-to-be-alibaba-with-reliance-jio-super-app-and-investment-from-facebook/articleshow/75343540.cms">To be India’s Alibaba, Mukesh Ambani wants a super app with Facebook⁠— but an all-in-one app is not known to work so far</a>

40% tariff hike boosts Reliance Jio’s profit by 73% in just three months ⁠— and there’s a lot more coming from the Mukesh Ambani stable

<ul><li>A stiff competitor to Zoom, Google’s new video conferencing platform is free to use both for personal and commercial video chat meetings. </li><li>In <keyword id="4237083" type="PERSON" weightage="20" keywordseo="google-meet">Google Meet</keyword>, the world’s leading search engine giant has significantly enhanced the capabilities of its casual video apps released earlier namely Google Hangouts and Duo. </li><li>Google Meet can work equally well on multiple devices including desktop, laptop, android, iPad or iPhone. </li></ul>Quite a few video conferencing platforms have become immensely popular during the Corona Pandemic environment. Zoom, Facebook, Skype, Microsoft, Reliance and Google have all released free to use group video chat platforms that are ably competing with each other. Here’s a look at one of the premier video conferencing apps⁠— Google Meet The features of Google Meet:- Google Meet supports up to 100 participants at a time on a single call⁠— a lot more than its earlier video chat apps like Google Hangouts and Duo. Google has said till September 30, 2020, the hosts can conduct meetings 24 hours on this platform with zero cost while this might be cut short to an upper limit of 60 minutes after this date. The other interesting features of this teleconferencing platform are scheduling, real-time captioning and screen sharing. The host of the meeting can approve or deny the entry of participants to a meeting in addition to muting or removing participants. The cost Till September 30, G Suite is free to use. Google will charge $10 per month for every participant on the app for using G Suite Essentials from October 1, 2020. For every participant in the app, G Suite Enterprise Essentials will cost $20 from October 1, 2020. How to start a video meeting from Gmail? Open <a href="https://mail.google.com/mail/u/0/">Gmail</a> Click on Start a meeting. In the Meet window, click on Join Now. If you join the meeting on your phone, you can still use the PC or desktop for video while the phone can be used for audio. To share the meeting code with new participants, copy the joining info and paste it on a messaging app. To send invite by email, click on Add people and enter their name or email address and then click on send invite. For inviting someone by phone, click on Add people and then click on call. Once you input the phone number of the recipient, you can invite them via phone call. How to start a video meeting from Google Meet? Open any web browser and land on <a href="https://meet.google.com/">https://meet.google.com</a> Click on join or start a meeting. To add someone to a meeting, click on Copy joining info and paste the meeting details on an email or any other app. Click on Add people and then select a name or email address and send invite. If a meeting is created on a personal Google account, only the organizer of the meeting can send invite or call an invitee. To call a participant to join, you just have to input the phone number of the invitee and press the call button. See Also - <a href="https://www.businessinsider.in/tech/news/jiomeet-vs-google-meet-vs-zoom-comparison-of-video-quality-features-plans-pricing-number-of-participants-time-limit/articleshow/76826570.cms">JioMeet vs Google Meet vs Zoom meeting – Which video calling service should you use?</a> <a href="https://www.businessinsider.in/tech/apps/news/how-to-host-start-join-record-meeting-on-zoom-app-with-your-laptop-and-phone/articleshow/76999453.cms">Simple steps to run zoom meeting app on laptop or phone</a> <a href="https://www.businessinsider.in/india/news/here-is-how-you-can-check-prime-minister-kisan-samman-nidhi-scheme-beneficiaries-list/articleshow/75323061.cms">How you can check PM Kisan scheme beneficiaries list</a>

Steps for video meeting from Google Meet on phone or laptop

(Eds: Adding details) New Delhi, Apr 30 () Reliance Jio on Thursday reported a 177.5 per cent year-on-year rise in net profit for the three months ended March 31, 2020 at Rs 2,331 crore, fuelled by rising subscriber base, data usage and impact of the recent tariff hike. Announcing Q4FY20 and full year numbers, Reliance asserted that Facebook-Jio Platforms transaction will be closed by end of this quarter. Last week, Facebook had announced an investment of USD 5.7 billion (Rs 43,574 crore) in Jio Platforms. Jio's net profit stood at Rs 2,331 crore during March quarter, and there was exceptional item (income) during the quarter of Rs 31 crore related to reversal of provisions on Adjusted Gross Revenue (AGR) dues. The net profit of Jio stood at Rs 840 crore in the year-ago period. Sequentially, the net profit was 72.7 per cent higher when compared to Rs 1,350 crore in December quarter (Q3FY20). Commenting on Q4 results, Reliance Industries Limited Chairman and Managing Director Mukesh Ambani said, "Jio is embarking on the next leg of growth with a path-defining partnership with one of the world's largest digital companies, Facebook". "We are together determined to make India a truly digital society with best-in-class connectivity network complemented with disruptive digital technology platforms for entertainment, commerce, communication, finance, education and health harnessing world's best tech capabilities. "Our focus will be India's 60 million micro, small and medium businesses, 120 million farmers, 30 million small merchants and millions of small and medium enterprises in the informal sector," he said. After Facebook, Jio Platforms has also received interest from other global investors for similar sized addditional stake. For the telecom business, the Average Revenue Per User or earning per subscriber was sequentially higher at Rs 130.6 per month (Rs 128.4 in December quarter), and the company said that further impact of December 2019 tariff hike will flow through in coming months. Subscriber base as on March 31, 2020 was at 387.5 million with net addition of 17.5 million during 4QFY20, it said. The company, in a statement said, that engagement levels showed a significant increase during the lockdown with no drop in network performance. Jio's standalone revenue from operations for fourth quarter stood at Rs 14,835 crore, which translates into year-on-year growth of 26.6 per cent. The net profit increased to Rs 5,562 crore for the full year FY20 from Rs 2,964 crore in the previous fiscal, an annual increase of 88 per cent. Revenue from operations was at Rs 54,316 crore for FY20, up from Rs 40,663 crore in FY19. The company said that Jio Platforms will launch a nationwide video platform called 'JioMeet'. "Customer engagement continues to be robust with average data consumption per user per month of 11.3 GB and average voice consumption of 771 minutes per user per month," the company statement said. MBI RVK

Jio Q4 net profit zooms 177.5 per cent to Rs 2,331 crore; FB-Jio Platforms transaction to be closed by Jun

<ul><li>Zoom announced that it will be opening up a new technology centre in Bengaluru to expand its footprint in India.</li><li>Zoom also plans to begin recruitment for Bengaluru operations</li><li>As a part of its expansion strategy, Zoom plans to integrate new value-added services to its video conferencing app.</li><li>While the new data centre will be in India to focus on India specifics and features, any app developments will still be considered global.</li></ul>The video-conferencing app, Zoom, that has gained popularity in the recent lockdown, has solidified its India plans. Zoom just unveiled its plan to set up a new technology centre in India’s Silicon Valley, Bengaluru and is looking to hire talent over the next few years. The company’s COO Aparna Bawa also disclosed that the company has plans to add value-added services onto the platform after the flurry of new use-cases since December. <div type="Article" hostid="261" msid="76988430" title="Zoom wants you to buy a $600 second screen to use exclusively for videoconferencing" mstype="2" mssubtype="0"></div> In the first four months of 2020, Zoom saw its daily participants grow from 10 million to 300 million. Bawa pointed out that the majority of the use cases for the video conferencing platform in that time were new; with the number of free user sign-ups witnessing a whopping 6700% growth between January and April. “It’s up to us to answer the call and provide some longevity, value and value-added services to support those use cases,” said Bawa, highlighting that events like yoga classes, wedding, funerals or even a merger have led to the rise in usage. Zoom’s new technology centre in Bengaluru will be set up to help with just that with everything from R&amp;D, DevOps. Business operations to IT engineering. “As you look at a headquarters, it will have representation for all segments,” said Zoom’s new president of engineering and product, Velchamy Sankarlingam, who was appointed in May earlier this year. Technology center in India, roots still global Sankarlingam highlighted that while Zoom’s business headquarters will be working closely with Indian firms to launch specifics and features for India, it will still be looked at as an extension of the global organisation. Which is why standalone revenues from India are unlikely to be shown anywhere in the near future. “We don’t call out revenues except for the US and then the international market,” said Bawa. Rising concern over security Zoom says that it’s in conversation with the Indian government over security concerns and data sharing with China. India’s cyber authority CERT-In had initially released an advisory on the security loopholes in Zoom and asked users to update their software. The Home Ministry followed that up by a ban on using Zoom by government employees. “The Chinese data centre is ring-fenced. Any data that’s on Zoom’s servers goes around China,” explained Sankarligam. <div type="Article" hostid="261" msid="76636946" title="INTERVIEW: Zoom's India head believes he will able to convince the Home Ministry that the app is safe" mstype="2" mssubtype="0"></div> Competition heating up Even though Zoom could not cite India-specific numbers in terms of growth during the lockdown, <keyword id="9123500" type="LOCATION" weightage="20" keywordseo="zoom-india">Zoom India</keyword> Head Sameer Raje highlights that business has grown exponentially in smaller businesses (SMEs) that have overcome the initial hesitancy to go digital. It faces competition from Jio who holds the largest market share and has launched its own video conference apps called Jio Meets. Many have pointed out the similarity between the user interface. “Beyond the UI there are so many things that have an advantage for Zoom like the back-end architecture and reserve engineering capacity when we talk to customers,” said Bawa. <div type="Article" hostid="261" msid="76762100" title="Reliance Jio launches JioMeet app to take on Zoom" mstype="2" mssubtype="0"></div> India holds importance for Zoom as one of the biggest telecom markets in the world with a user base of more than 115.2 crore subscribers according to the Telecommunications Regulatory Authority of India’s (TRAI) latest figures. The video-conferencing giant already has an office in Mumbai along with two data centres in Mumbai and Hyderabad. The new set-up in Bengaluru is a reflection of Zoom’s expansion plans in India and its aspirations for growth in one of the largest markets in the world. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/threatened-zoom-says-not-worried-about-jiomeet-competition/articleshow/76782254.cms">Zoom says they are "not worried" about JioMeet competition</a> <a href="https://www.businessinsider.in/tech/news/what-is-zoom-a-comprehensive-guide-to-the-wildly-popular-video-chatting-service-for-computers-and-smartphones/articleshow/75685199.cms">'What is Zoom'?: A comprehensive guide to the wildly popular video-chatting service for computers and smartphones</a> <a href="https://www.businessinsider.in/tech/news/zoom-wants-you-to-buy-a-600-second-screen-to-use-exclusively-for-videoconferencing/articleshow/76988430.cms">Zoom wants you to buy a $600 second screen to use exclusively for videoconferencing</a>

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40% tariff hike boosts Reliance Jio’s profit by 73% in just three months ⁠— and there’s a lot more coming from the Mukesh Ambani stable

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Steps for video meeting from Google Meet on phone or laptop

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Jio Q4 net profit zooms 177.5 per cent to Rs 2,331 crore; FB-Jio Platforms transaction to be closed by Jun

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