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<ul><li><keyword id="19896380" type="General" weightage="20" keywordseo="reliance-industries" source="keywords">Reliance Industries</keyword> is expected to launch an IPO for <keyword id="6354504" type="General" weightage="20" keywordseo="reliance-jio" source="Orion">Reliance Jio</keyword> in 2025.</li><li>Reliance Retail is expected to go public after <keyword id="19906886" type="General" weightage="20" keywordseo="jio" source="keywords">Jio</keyword>, with no date fixed yet.</li><li>The <keyword id="7784314" type="General" weightage="100" keywordseo="reliance-jio-ipo" source="Orion">Reliance Jio IPO</keyword> will emerge as the country’s biggest IPO, beating the Hyundai IPO.</li></ul>Mukesh Ambani-led Reliance Industries is reportedly gearing up to launch the initial public offering (IPO) of its telecom arm, Reliance Jio in 2025. The telco will join its competitors, Bharti Airtel and Vi, which are already public. According to a<a href="https://www.reuters.com/world/india/ambanis-reliance-jio-ipo-set-2025-retail-debut-much-later-sources-say-2024-11-04/"> report</a> by Reuters, Reliance Jio is expected to go public in 2025 and the IPO for the retail arm is planned later. As per two sources familiar with the matter, <keyword id="19916798" type="General" weightage="20" keywordseo="mukesh-ambani" source="keywords">Mukesh Ambani</keyword> plans on sticking to the timeline he mentioned in 2019, where he said he will “move towards” listing in five years. <div type="Article" hostid="261" msid="114931927" title="October auto sales – Maruti Suzuki and Tata Motors report a decline, Mahindra continues to grow" mstype="2" mssubtype="0"></div> The company has firmed up plans of taking the telecom arm public as it feels the company has achieved a stable business and revenue stream. Jio is currently the biggest telecom operator in India, with over 471 million subscribers as of August 2024. Reliance Industries has raised over $25 billion for the company’s digital, telecom and retail businesses from investors like KKR, Abu Dhabi Investment Authority, General Atlantic and more. <h2>Reliance <keyword id="6059106" type="General" weightage="20" keywordseo="jio-ipo" source="Orion">Jio IPO</keyword> to be India’s biggest</h2>Existing rules state that companies that are valued at ₹1 lakh crore or more need to sell at least 5% of total shares during an IPO. Jio is currently valued at $112 billion (₹9.42 lakh crore) as per Jefferies. A 5% stake sale would put the IPO at around ₹47,100 crore, beating the recently concluded IPO of Hyundai Motor India, which raised ₹27,870.16 crore. <h2>Retail IPO further away</h2>While no timeline has been mentioned, the retail arm’s IPO has reportedly been pushed further away, as the company feels it needs to address internal business and operational challenges. Not only this, the company reportedly wants to avoid two big IPOs hitting the Dalal street in the same year. With Jio’s IPO planned for 2025, we might see the retail arm going public in 2026 or later. Reliance Retail operates over 3,000 supermarkets and also deals in the e-commerce segment. The company feels the retail arm has grown “too fast” and needs some stability before the IPO. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/upcoming-ipos-this-week-swiggy-niva-bupa-health-insurance-and-more/slidelist/114937405.cms">Upcoming IPOs this week – Swiggy, Niva Bupa Health Insurance and more</a> <a href="https://www.businessinsider.in/business/auto/news/october-auto-sales-maruti-suzuki-and-tata-motors-report-a-decline-mahindra-continues-to-grow/articleshow/114931927.cms">October auto sales – Maruti Suzuki and Tata Motors report a decline, Mahindra continues to grow</a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-13-announced-with-snapdragon-8-elite-6000mah-battery-and-more/articleshow/114842638.cms">OnePlus 13 announced with Snapdragon 8 Elite, 6,000mAh battery and more</a>

Reliance Jio IPO – India’s biggest telco to go public in 2025, retail IPO further away

<keyword id="19938772" type="General" weightage="20" keywordseo="Reliance-Industries-Ltd" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Industries Ltd" meta.hostid="261" meta.entityid="Reliance Industries Ltd">Reliance Industries Ltd</keyword> (<keyword id="20002939" type="General" weightage="20" keywordseo="RIL" source="keywords">RIL</keyword>) is set to hold its much-anticipated 47th Annual General Meeting (AGM) today, August 29, 2024. The AGM, which will be held virtually, is expected to feature some key announcements that could be of great interest to investors as well as shareholders. The meeting will start at 2:00 p.m. IST and will be live-streamed across various digital platforms. Read on to know all about <keyword id="22949345" type="General" weightage="100" keywordseo="Reliance-AGM" source="keywords">Reliance AGM</keyword> and what can be expected from it this year. <h2>What is Reliance AGM?</h2> The Reliance Annual General Meeting (AGM) is an important event where Reliance Industries Ltd (RIL) presents its financial performance, future strategies, and key developments to shareholders and the public. Held annually, this meeting is led by RIL Chairman <keyword id="19916798" type="General" weightage="20" keywordseo="Mukesh-Ambani" source="keywords">Mukesh Ambani</keyword> and serves as a platform for major announcements, including potential IPOs, business expansions, and technological advancements. The AGM attracts widespread attention from investors, analysts, and industry watchers, as it provides insights into the company’s direction and its impact on various sectors. <h2>Where to watch livestream</h2> The AGM will begin at 2:00 p.m. IST and will be conducted virtually, allowing millions of shareholders and investors to join from anywhere. The event will be live-streamed across various digital platforms, including RIL's social media pages on YouTube, X (formerly Twitter), and Facebook. Shareholders can join the live broadcast using the following link: <a href="https://jiomeet.jio.com/rilagm" target="_new">https://jiomeet.jio.com/rilagm</a>. <h2>What to expect from Reliance AGM 2024</h2> IPO announcements: One of the most closely watched aspects of the AGM is the potential announcement of IPO timelines for Reliance <keyword id="19906886" type="General" weightage="20" keywordseo="Jio" source="keywords">Jio</keyword> and Reliance Retail. The possibility of these two giants going public has been a topic of discussion since 2019, and with the five-year mark approaching, investors are keen to hear concrete plans. Energy projects: Reliance’s foray into the green energy sector has been a key focus in recent years. The AGM is expected to provide updates on the progress of the company’s ambitious new energy projects, particularly the development of a large green energy complex in Jamnagar. This complex, featuring giga factories for solar PV, energy storage, and other technologies, is part of Reliance’s broader strategy to transition from traditional energy sources to more sustainable options. Investors will be looking for detailed timelines and potential earnings projections from these ventures. 5G Rollout: Reliance Jio’s 5G rollout is another critical area of interest. The company has already made significant strides in expanding its 5G network across India, and the AGM is expected to shed light on how RIL plans to monetize this infrastructure. This could include potential partnerships, new service offerings like the JioPhone 5G, and strategies to increase subscriber growth. The success of Jio’s 5G rollout will be crucial in maintaining its competitive edge in the rapidly evolving telecom market. AI focus: In addition to its core business areas, Reliance is also expected to make announcements related to artificial intelligence (AI). With global tech giants increasingly focusing on AI, RIL is likely to reveal new AI initiatives tailored to the Indian market. This could include expansions to Hanuman AI, a generative AI tool developed with leading Indian institutions, which supports multiple Indian languages. Succession planning: Another topic of interest is Reliance’s succession plan. With Mukesh Ambani having previously outlined a blueprint for leadership transitions within the company, shareholders will be looking for updates on how these plans are being implemented. The AGM may provide further clarity on the roles of Ambani’s children—Akash, Isha, and Anant—who have been earmarked to lead the telecom, retail, and energy segments, respectively.

Reliance AGM 2024 at 2 pm today: What it is, where to watch, and what to expect

New Delhi: <keyword id="24017188" type="General" weightage="20" keywordseo="Dubai-based-siblings" source="keywords">Dubai-based siblings</keyword> Jainam and Jivika, the owners of <keyword id="23661436" type="General" weightage="20" keywordseo="Jiohotstar" source="keywords">jiohotstar</keyword>.com domain, have decided to transfer it to Reliance "free of cost", resting speculations on social media platforms. The story of the <keyword id="24017189" type="General" weightage="20" keywordseo="internet-domain-name" source="keywords">internet domain name</keyword>, which grabbed a lot of attention on social media platforms in the recent past, ended with "seva and kindness", according to the duo. The unique website ID was said to have been initially registered by a Delhi-based app developer last year amid speculation about the potential merger of <keyword id="19896911" type="General" weightage="100" keywordseo="Reliance-Jio" source="keywords">Reliance Jio</keyword> and <keyword id="20445926" type="General" weightage="20" keywordseo="Disney-Hotstar" source="keywords">Disney Hotstar</keyword>. Last month, the developer came up with the demand for funding his higher studies at the Cambridge University in return of the domain's ownership transfer, days after Reliance Jio and The Walth Disney formally announced the merger of their media businesses. Later, the Dubai-based siblings purchased jiohotstar.com domain from its registered owner. According to industry observers, the domain was sold to Dubai-based siblings after Reliance declined his offer. The siblings now shared an update, saying the Reliance IP Legal team approached them and the duo has decided to pass the ownership to them (Reliance), hoping that it would be "useful for them". "Reliance IP legal team has approached us, and we will be transferring this domain to them, free of cost," they said in a message on the website. "There have been some rumours online suggesting that there is a payment or deal involved, but we want to make it clear -- this is not true," the message said. Moreover, the duo in his video also clarified there is "no pressure from anyone" and denied of having a "deal of any kind". "This is purely a transfer of the domain from our side because we believe it could be useful for them. Whether or not they choose to use it is up to them," the message added. PTI reached out to Reliance for its comment on the development but did not receive any response. In their previous message, the siblings said they had received numerous offers, including some genuine ones offering significant amounts. However, they had said that the domain was not for sale. While announcing the "journey with jiohotstar.com is coming to an end", the duo said they are waiting for a draft from the Reliance legal team for the transfer. "The Reliance IP legal team has contacted us. We have told them that the <keyword id="24017190" type="General" weightage="20" keywordseo="domain-transfer" source="keywords">domain transfer</keyword> will only happen after the agreement is signed. They have asked us to visit Mumbai to sign the agreement," they said, expecting the agreement to be signed soon. "As soon as this happens, we will transfer the domain and this website will come to an end," the message said. Reliance had last week announced completion of the merger of its media assets with the India business of global media giant The Walt Disney, forming a <keyword id="19967298" type="General" weightage="20" keywordseo="joint-venture" source="keywords">joint venture</keyword> worth around Rs 70,352 crore (USD 8.5 billion). The JV will be one of the largest media and entertainment companies in India with a combined revenue of approximately Rs 26,000 crore and will be led by Nita Ambani as its chairperson.

Dubai-based siblings to transfer jiohotstar.com domain to Reliance 'free of cost'

<ul><li><keyword id="19896911" type="General" weightage="20" keywordseo="Reliance-Jio" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Jio" meta.hostid="261" meta.entityid="Reliance Jio">Reliance Jio</keyword> and The <keyword id="19986269" type="General" weightage="20" keywordseo="Walt-Disney-Company" source="keywords">Walt Disney Company</keyword> have announced the completion of their merger.</li><li>JioStar will be the new destination for their content, with plans priced starting at ₹15 per month.</li><li>Here’s everything you need to know about JioStar and the company’s new plans.</li></ul>Reliance Industries and The Walt Disney Company have finally completed the much-awaited merger of their media businesses. With this, Star India Private Limited has emerged as the new joint venture (JV) between the two companies. Nita Ambani has been appointed as the chairperson of the JV valued at $8.5 billion on a post-money basis. After much speculation about the website, the company has announced jiostar.com as the new hub for its digital content. The company has also announced plans for different languages, starting as low as ₹15 per month. At present the company has offered several plans in standard definition and high definition, with more plans expected to be added in the coming days. <h2>JioStar standard definition packs</h2><ul><li>Star Value Pack Hindi – ₹59 per month </li><li>Star Premium Pack Hindi – ₹105 per month </li><li>Star Value Pack Marathi Hindi – ₹67 per month </li><li>Star Premium Pack Marathi Hindi – ₹110 per month </li><li>Star Value Bengali Hindi – ₹65 per month </li><li>Star Premium Pack Bengali Hindi – ₹110 per month </li><li>Star Value Pack Odia Hindi Mini – ₹15 per month </li><li>Star Value Pack Odia Hindi – ₹65 per month </li><li>Star Premium Pack Odia Hindi – ₹105 per month </li><li>Star Value Pack Malayalam – ₹57 per month </li><li>Star Premium Pack Malayalam – ₹105 per month </li><li>Star Value Pack Tamil Malayalam – ₹63 per month </li><li>Star Premium Pack Tamil Malayalam – ₹105 per month </li><li>Star Value Pack Kannada Malayalam Mini – ₹45 per month </li><li>Star Value Pack Kannada Hindi Mini – ₹45 per month </li><li>Star Value Pack Kannada Hindi – ₹67 per month </li><li>Star Value Pack Hindi Kannada – ₹67 per month </li><li>Star Value Pack Telugu Hindi – ₹81 per month </li><li>Star Value Pack Hindi Telugu – ₹81 per month </li><li>Star Value Pack Telugu Hindi Mini – ₹70 per month </li><li>Disney Kids Pack – ₹15 per month </li><li>Disney Hungama Kids Pack – ₹15 per month </li></ul><h2>JioStar high-definition packs</h2><ul><li>Star Value Pack Lite HD Hindi – ₹88 per month </li><li>Star Premium Pack Lite HD – ₹125 per month </li><li>Star Value Pack Marathi Lite Hindi HD – ₹99 per month </li><li>Star Premium Pack Marathi Hindi HD – ₹145 per month </li><li>Star Value Pack Bengali Lite Hindi HD – ₹99 per month </li><li>Star Premium Pack Bengali Lite Hindi HD – ₹145 per month </li><li>Star Value Pack Odia Lite Hindi HD – ₹99 per month </li><li>Star Premium Pack Odia Lite Hindi HD – ₹135 per month </li><li>Disney Kids Pack HD – ₹18 per month </li><li>Disney Hungama Kids Pack HD – ₹18 per month </li></ul>Apart from this, users also have the option to Ala-carte plans, selecting the channels they want and only paying for them, similar to what most dish operators already offer. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/asus-rog-zephyrus-g16-review/articleshow/115054981.cms">Asus ROG Zephyrus G16 gaming laptop review – With a big AI boost</a> <a href="https://www.businessinsider.in/business/auto/news/skoda-kylaq-suv-launched-in-india-starting-at-7-89-lakh/articleshow/115013668.cms">Skoda Kylaq SUV launched in India starting at ₹7.89 lakh</a> <a href="https://www.businessinsider.in/tech/mobile/news/realme-gt-7-pro-with-snapdragon-8-elite-6500mah-battery-to-launch-in-india-on-november-26/articleshow/114945858.cms">Realme GT 7 Pro with Snapdragon 8 Elite, 6,500mAh battery to launch in India on November 26</a>

JioStar announces plans starting at ₹15 – here’s everything you need to know

<keyword id="19896380" type="General" weightage="20" keywordseo="Reliance-Industries" source="keywords">Reliance Industries</keyword>' 2024 annual report revealed that <keyword id="20671686" type="General" weightage="100" keywordseo="JioBharat" source="keywords">JioBharat</keyword>, an affordable keypad smartphone, has achieved an impressive 50 per cent <keyword id="20038792" type="General" weightage="20" keywordseo="market-share" source="keywords">market share</keyword> in the <keyword id="3342432" type="General" weightage="20" keywordseo="sub-rs-1" source="Orion">sub-Rs 1</keyword>,000 segment. Launched with the mission to empower every Indian with digital services, JioBharat has marked a significant step towards digital freedom for the 250 million feature phone users in India, bridging the digital divide like never before. Since its launch a year ago, JioBharat has been transforming lives by offering features and digital capabilities such as UPI, JioCinema, and JioTV, enabling various segments of society to achieve more. This affordable device not only empowers users with smartphone capabilities but also provides high-quality and affordable data, making it accessible to the common people. Despite the recent industry-wide tariff increases, <keyword id="2003276" type="General" weightage="20" keywordseo="Jio" source="Orion">Jio</keyword> has maintained consistent pricing for JioBharat, allowing users to enjoy full digital capabilities at just Rs 123 per month. In contrast, the most affordable plans from other operators start at Rs 199 per month and enables access to limited functionality, restricted to voice and SMS services, as their feature phones do not support data or LTE usage. In his letter to shareholders, <keyword id="19916798" type="General" weightage="20" keywordseo="Mukesh-Ambani" source="keywords">Mukesh Ambani</keyword>, Chairman of Reliance Industries Ltd, stated, "The launch of the JioBharat phone is another revolutionary step towards bridging the country's digital divide. A smartphone at the price of a feature phone, the JioBharat phone will go a long way in realizing a 2G-mukt Bharat." In 2016, when Jio was launched, it left no stone unturned to democratise internet access and pass the benefits of technology to every Indian. With affordable high-speed data and a ubiquitous network, technology was no longer a privilege for a select few. The subsequent launch of affordable devices like <keyword id="22711694" type="General" weightage="20" keywordseo="jiophone" source="keywords">JioPhone</keyword> and the availability of affordable wired broadband (<keyword id="20282548" type="General" weightage="20" keywordseo="jiofiber" source="keywords">JioFiber</keyword>) has truly democratised data connectivity. "With the launch of Jio 4G in 2016, we set out on a journey to make digital inclusion in India a reality. Jio turned a Data Dark India into a Data Rich nation, supplying every Indian home with affordable, high-speed 4G data. And this year, Jio has further enhanced the country's digital infrastructure by rolling out its True5G network across India in world-record time," states Mukesh Ambani's letter to shareholders in the latest annual report released on Thursday.

JioBharat captures 50% market share in sub-Rs 1,000 segment: Reliance annual report

In a boost to Elon Musk's <keyword id="20034452" type="General" weightage="20" keywordseo="starlink" source="keywords">Starlink</keyword>, Communications Minister Scindia has said the spectrum for satellite broadband will be allocated and not auctioned as sought by Indian billionaires Mukesh Ambani and Sunil Mittal. The satellite broadband spectrum will however be not given free and sector regulator Trai will fix a price for the resource, he told PTI in a text and video interview. "Every country has to follow the <keyword id="20848482" type="General" weightage="20" keywordseo="international-telecommunications-union" source="keywords">International Telecommunications Union</keyword> (ITU), which is the organisation that lays out the policy for spectrum in space or satellites, and the ITU has been very clear in terms of the spectrum being given out on an assignment basis. In addition, if you look across the world today, I cannot think of a single country that auctions spectrum for satellite," Scindia said. India is a member of the International Telecommunication Union (ITU), a UN agency for digital technology. Musk's Starlink and global peers like Amazon's Project Kuiper back an administrative allocation. While Ambani's Reliance Jio has been vocal about the need to allocate such spectrum through an auction to provide a level playing field to legacy operators who buy airwaves and set up infrastructure like telecom towers, Mittal last month at an industry event where Prime Minister Narendra Modi was also present articulated the need to use bidding for such allocation. Jio and Mittal's Bharti Airtel - India's largest and second-largest operators, respectively - feel that giving away the satellite broadband airwaves at a pre-decided price by the government will create an uneven playing field since they had to compete in an auction to get spectrum for their terrestrial wireless phone networks. The two are vying for a piece of the satellite broadband segment as well. Musk-led Starlink is demanding administrative allotment of licences in line with the global trend as it looks to tap into the world's fastest-growing mobile telephony and internet market. Scindia said the Telecom Act of 2023 passed in December has put the matter in 'Schedule 1', which means that the Satcom spectrum will be allocated administratively. Such an allocation will be at a government-decided price, and allow foreign firms like Starlink to offer voice and data services. If the spectrum were to be auctioned, it would have made it costlier for Starlink to roll out services. Starlink has applied for a licence to start operations in the country. Scindia, however, offered no clues on the fate of his application. The minister said that the regulatory process is very clear and transparent. The new Telecom Act has been passed, and the Satellite spectrum is very clearly a part of that in schedule one, he pointed out. "...and therefore, we are open to looking at the application of any entity that wants to invest in India at this point in time. I think only one or two licenses have been given out. And whoever else wants to participate, India is surely going to welcome that," the minister said. Last month, Musk, in a post on X, termed the demand made by Jio for shunning sector regulator Trai's consultation paper on satellite broadband being allocated and not auctioned as "unprecedented", and when Mittal made the pitch in the presence of the Prime Minister, he asked if it was "too much trouble" to allow Starlink to provide internet services in India. This was perhaps the first time that Musk, whose networth of USD 241 billion is more than the combined wealth of Ambani, Mittal and Gautam Adani, had spoken directly against demands for a level playing field made by the Indian firms. Musk, the mind behind PayPal, founder of Tesla and SpaceX and owner of X (formerly Twitter), uses his social media platform on a daily basis to make his views known on a vast array of topics.

In a win for Elon Musk, Scindia says no to spectrum auction pitch from Ambani, Mittal

<keyword id="19938772" type="General" weightage="20" keywordseo="Reliance-Industries-Ltd" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Industries Ltd" meta.hostid="261" meta.entityid="Reliance Industries Ltd">Reliance Industries Ltd</keyword> on Monday reported an almost flat March quarter net profit, while its annual earnings hit a record high on the back of a recovery in its core oil and petrochemicals business and sustained momentum across the consumer-facing telecom and retail businesses. The oil-to-telecom-and-retail conglomerate's consolidated net profit stood at Rs 18,951 crore, or Rs 28.01 per share, in January-March quarter of the 2023-24 fiscal compared to Rs 19,299 crore, or Rs 28.52 a share, a year ago, according to a company's stock exchange filing. The profit was, however, higher quarter-on-quarter when compared to Rs 17,265 crore in October-December period. For the full fiscal FY24 (April 2023 to March 2024), Reliance posted a record net profit of Rs 69,621 crore as compared to Rs 66,702 crore earnings in the preceding financial year. Reliance also became the first Indian company to hit Rs 10 lakh crore turnover in FY24 when revenue from operations rose 2.6 per cent from Rs 9.74 lakh crore in 2022-23. The oil-to-chemicals (O2C) business, the main milch cow, posted a rise in profitability annually as well as sequentially, while retail business' earnings rose on new store openings despite lower footfalls. The firm helmed by billionaire <keyword id="19916798" type="General" weightage="20" keywordseo="Mukesh-Ambani" source="keywords">Mukesh Ambani</keyword> saw telecom revenues soar as it outpaced competition in subscriber addition and data traffic. While quarterly EBITDA (earnings before interest, taxes, depreciation, and amortization) was up 14.3 per cent year-on-year to Rs 47,150 crore, registering growth across all businesses, the revenue from operations rose almost 11 per cent to Rs 2.64 lakh crore. The mainstay oil refining and petrochemicals business, called O2C, posted a 11 per cent rise in revenue and a 3 per cent higher EBITDA at Rs 16,777 crore in Q4. This was primarily because of "advantageous" sourcing of feedstock (crude oil) for refining business and use of ethane for making chemicals as well as higher domestic product placement, a company statement said, adding exports were down 8.5 per cent. With the consumer base swelling to 481.8 million from 470.9 million at the end of December on a flat per-user revenues of Rs 181.7, Reliance <keyword id="21397660" type="General" weightage="20" keywordseo="Jio-Infocomm-Ltd" source="keywords" meta.keywordsubtype="org" meta.entityname="Jio Infocomm Ltd" meta.hostid="261" meta.entityid="Jio Infocomm Ltd">Jio Infocomm Ltd</keyword> - the digital services business - posted a 12 per cent rise in net profit at Rs 5,583 crore in the fourth quarter of FY24. Also, aiding the business was rise in data traffic to 40.9 billion GB in January-March from 38.1 billion GB in the preceding quarter. For the full year, Jio posted a profit of Rs 21,424 crore as compared to Rs 19,124 crore in FY23. Profits from the retail business climbed 11.7 per cent to Rs 2,698 crore as store count rose to 18,836 from 18,774. Store footfalls dropped to 272 million from 282 million in October-December 2023 but were higher than 219 million recorded in January-March 2023. Oil and gas EBITDA soared 47.5 per cent to Rs 5,606 crore as higher gas volumes partly offset lower price realisation. The firm's flagship KG-D6 block in Krishna Godavari basin in the Bay of Bengal is now producing about 30 million standard cubic metres per day of gas and 23,000 barrels a day of oil/condensate. The company said its outstanding debt rose to Rs 3.24 lakh crore from Rs 3.11 lakh crore in December-end. After accounting for cash in hand, net debt at Rs 1.16 lakh crore as on March 31 was lower than Rs 1.25 lakh crore a year back. Mukesh Ambani, Chairman and Managing Director of <keyword id="20076630" type="General" weightage="20" keywordseo="reliance-industries-limited" source="keywords">Reliance Industries Limited</keyword>, said all segments of business have posted a robust financial and operating performance. "This has helped the Company achieve multiple milestones. I am happy to share that this year, Reliance became the first Indian company to cross the Rs 1 lakh-crore threshold in pre-tax profits," he said. Performance of the digital services segment has been boosted by accelerated expansion of subscriber base, supported by both mobility and fixed wireless services, he said. "With over 108 million True 5G customers, Jio truly leads the 5G transformation in India." <keyword id="19901342" type="General" weightage="20" keywordseo="reliance-retail" source="keywords">Reliance Retail</keyword>, he said, continued to provide customers endless choices through its robust omni-channel presence. "We continue to offer product differentiation and superior offline experience through stores re-modelling and revamping of layouts. Our digital commerce platforms also provide newer solutions to users with a broad brand catalogue," Ambani said. Strong demand for fuels globally, and limited flexibility in refining system worldwide supported margins and profitability of the O2C segment. "Downstream chemical industry experienced increasingly challenging market conditions through the year. Despite headwinds, maintaining leading product positions and feedstock flexibility through our operating model that prioritises cost management, we delivered a resilient performance," he said. "We remain committed to our projects and initiatives, including those in the new energy segment, which will bolster the company, and help it deliver sustainable growth for the future," he added. 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Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹69,621 crore

<ul><li><keyword id="19896911" type="General" weightage="20" keywordseo="Reliance-Jio" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Jio" meta.hostid="261" meta.entityid="Reliance Jio">Reliance Jio</keyword> is reportedly gearing up to make its stock market debut.</li><li>As per analysts, Reliance Industries may announce an IPO for the telco at its upcoming AGM.</li><li>The <keyword id="7784314" type="General" weightage="100" keywordseo="Reliance-Jio-IPO" source="Orion">Reliance Jio IPO</keyword> will emerge as the biggest IPO in India.</li></ul> Mukesh Ambani-led Reliance <keyword id="19906886" type="General" weightage="20" keywordseo="jio" source="keywords">Jio</keyword> might be gearing up for an initial public offering (IPO), which is expected to emerge as the country’s largest stock market debut, beating the state-owned Life Insurance Corporation of India’s listing. Jio had recently announced a<a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-price-hike-new-plans-and-how-you-can-save-money/articleshow/111331794.cms"> tariff hike</a>, increasing the prices of its prepaid plans by up to 25%. This was followed by Airtel and Vi announcing a<a href="https://www.businessinsider.in/business/telecom/news/jio-vs-airtel-vs-vi-prepaid-plans-comparison-plan-benefits-and-price-comparison-after-tariff-hike/articleshow/111512587.cms"> price increase</a>. In addition to increasing the prices, the company also moved its unlimited 5G benefit to premium plans that offer users with 2GB or more data per day. With this, the company is aiming to increase its average revenue per user (ARPU), a key metric that will make its shares more attractive to investors. These measures, according to a<a href="https://economictimes.indiatimes.com/markets/ipos/fpos/tariff-hikes-and-5g-monetisation-moves-hint-jios-headed-for-ipo/articleshow/111500671.cms"> report</a> by ET could be an indication that the telco is gearing up for an IPO. As per analysts, Reliance Industries is expected to make an announcement regarding the <keyword id="6059106" type="General" weightage="20" keywordseo="jio-ipo" source="Orion">Jio IPO</keyword> at its upcoming annual general meeting (AGM) in August. "Rising focus on monetisation could be a precursor to its imminent listing,” according to brokerage firm Jefferies. <h2>Jio IPO will be India’s biggest stock market debut</h2>If Reliance Jio makes its stock market debut, it will emerge as the biggest stock market listing in India. Existing rules state that companies that are valued at ₹1 lakh crore or more need to sell at least 5% during an IPO. Jio is currently valued at $133 billion (₹11.11 lakh crore as per Jefferies. A 5% stake sale would put the IPO at around ₹55,000 crore, beating LIC’s ₹21,000 crore IPO. Hyundai Motor India Limited (HMIL) recently<a href="https://www.businessinsider.in/stock-market/news/hyundai-motor-india-files-draft-papers-with-sebi-for-indias-biggest-ipo/articleshow/111014559.cms"> filed</a> its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise around $3 billion (₹25,000 crore). SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/jio-vs-airtel-vs-vi-prepaid-plans-comparison-plan-benefits-and-price-comparison-after-tariff-hike/articleshow/111512587.cms">Jio vs Airtel vs Vi recharge plans comparison – plan benefits and price comparison after tariff hike</a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-price-hike-new-plans-and-how-you-can-save-money/articleshow/111331794.cms">Reliance Jio and Airtel price hike – new plans and how you can save money</a> <a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-july-2024/slidelist/111304902.cms">Upcoming smartphones launching in India in July 2024</a>

Reliance Jio IPO – Mukesh Ambani-led telco might be gearing up for India’s biggest IPO

Reliance Jio and Airtel price hike – new plans and how you can save money

<ul><li><keyword id="19896911" type="General" weightage="100" keywordseo="Reliance-Jio" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Jio" meta.hostid="261" meta.entityid="Reliance Jio">Reliance Jio</keyword> and <keyword id="19896909" type="General" weightage="20" keywordseo="Airtel" source="keywords" meta.keywordsubtype="org" meta.entityname="Airtel" meta.hostid="261" meta.entityid="Airtel">Airtel</keyword> have reported an increase in subscribers in May 2024.</li><li><keyword id="20116054" type="General" weightage="20" keywordseo="Vi" source="keywords" meta.keywordsubtype="org" meta.entityname="Vi" meta.hostid="261" meta.entityid="Vi">Vi</keyword> has once again reported a decline in subscribers, along with state-owned <keyword id="19970536" type="General" weightage="20" keywordseo="BSNL" source="keywords" meta.keywordsubtype="org" meta.entityname="BSNL" meta.hostid="261" meta.entityid="BSNL">BSNL</keyword>.</li><li>The overall subscriber base in India has also recorded a significant increase.</li></ul> India’s top <keyword id="20055601" type="General" weightage="20" keywordseo="telecom-operators" source="keywords">telecom operators</keyword>, Reliance Jio and Airtel have recorded an increase in their subscribers in May 2024, while Vi has once again recorded a decline in its user base. The overall net additions to the Indian telecom user base in May 2024 was 2 million, up from 1.47 million in April 2024. This takes the total subscriber base from 1.167 billion in April 2024 to 1.169 billion in May 2024. <h2>Reliance Jio records 2.2 million subscribers</h2>Mukesh Ambani-led Reliance Jio, which recently announced a<a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-price-hike-new-plans-and-how-you-can-save-money/articleshow/111331794.cms"> price hike</a> added 2.2 million subscribers in May 2024, further strengthening its leadership in the Indian telecom segment. <div type="Article" hostid="261" msid="111512587" title="Jio vs Airtel vs Vi recharge plans comparison – plan benefits and price comparison after tariff hike" mstype="2" mssubtype="0"></div> Jio’s subscriber base has increased from 472.42 million subscribers in April 2024 to 474.62 million subscribers in May 2024. Out of the 474.62 million subscribers, the company’s active subscriber base stood at 436.95 million, which is 92.06%. <h2>Airtel adds 1.25 million subscribers</h2>Sunil Mittal-led Bharti Airtel added 1.25 million subscribers in May 2024, taking its subscriber base to 387.77 million users, up from 386.52 million subscribers in April 2024. Like always, the company continues to enjoy a high active subscriber base. Airtel’s active subscribers stand at 384.16 million users out of its 386.52 million users, which is 99.07% of its total user base. <h2>Vi continues to bleed subscribers</h2>Despite various attempts from the company, Vi continues to lose subscribers. The company lost nearly a million users in May 2024 with a decline of 9,24,797 users. The company’s subscriber base decreased from 219.08 million in April 2024 to 218.16 million users in May 2024. Out of the 218.16 million users, the company’s active user base stands at 190.97 million users. <h2>State-run BSNL loses over half a million users</h2>State-run telco Bharat Sanchar Nigam Limited (BSNL) reported a loss of 0.51 million subscribers in May 2024, taking its total user base from 86.84 million in April 2024 to 86.33 million in May 2024. BSNL was recently in the news as social media users protested against the price hike announced by Jio, Airtel and Vi, calling for users to port to BSNL. We will have to wait for a few months to know whether this movement actually transferred to real life or was just limited to social media. <h2>MNP requests continue to grow</h2>Mobile number portability (MNP), which allows users to shift from one telecom operator to another, recorded 12 million requests during April 2024. With this, the total number of MNP requests received since the introduction of this in November 2010 has reached 985.60 million. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-nord-4-with-metal-back-snapdragon-7-gen-3-launched-in-india-starting-at-32999/articleshow/111787031.cms">OnePlus Nord 4 with metal back, Snapdragon 7+ Gen 3 launched in India starting at ₹29,999</a> <a href="https://www.businessinsider.in/budget/news/budget-2024-expectations-fame-scheme-aid-for-vehicle-scrapping-and-other-expectations-of-the-auto-industry/articleshow/111783199.cms">Budget 2024 Expectations: FAME scheme, aid for vehicle scrapping and other expectations of the auto industry</a> <a href="https://www.businessinsider.in/business/auto/news/its-raining-discounts-maruti-suzuki-hyundai-tata-motors-and-others-offer-discounts-on-cars-as-sales-slowdown/articleshow/111688501.cms">It’s raining discounts – Maruti Suzuki, Hyundai, Tata Motors and others offer discounts on cars as sales slowdown</a>

Reliance Jio and Airtel added 3.45 million subscribers in May 2024, while Vi lost nearly a million

<ul><li><keyword id="19896911" type="General" weightage="20" keywordseo="Reliance-Jio" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Jio" meta.hostid="261" meta.entityid="Reliance Jio">Reliance Jio</keyword> and <keyword id="19896909" type="General" weightage="20" keywordseo="Airtel" source="keywords" meta.keywordsubtype="org" meta.entityname="Airtel" meta.hostid="261" meta.entityid="Airtel">Airtel</keyword> have reported an increase in subscribers in April 2024.</li><li><keyword id="20116054" type="General" weightage="20" keywordseo="Vi" source="keywords" meta.keywordsubtype="org" meta.entityname="Vi" meta.hostid="261" meta.entityid="Vi">Vi</keyword> has once again reported a decline in subscribers, along with state-owned BSNL.</li><li>The overall <keyword id="20376437" type="General" weightage="20" keywordseo="subscriber-base" source="keywords">subscriber base</keyword> in India has also recorded an increase.</li></ul> India’s two biggest <keyword id="20055601" type="General" weightage="20" keywordseo="telecom-operators" source="keywords">telecom operators</keyword>, Reliance Jio and Bharti Airtel have once again reported a huge increase in their subscriber base, while Vi has again reported a decline in its <keyword id="21884732" type="General" weightage="20" keywordseo="subscriber-count" source="keywords">subscriber count</keyword>. The total net additions to India’s telecom user base were 1.47 million, which took the total subscriber base to 1.166 billion in April 2024 from 1.165 billion in March 2024. <cmsannotation type="cmsannotation" annotationid="Reliance Jio adds over 2.5 million subscribers" comment="subhead" text="Reliance Jio adds over 2.5 million subscribers">Reliance Jio adds over 2.5 million subscribers</cmsannotation> Mukesh Ambani-led Reliance Jio further strengthened its stronghold in the Indian telecom industry with the addition of 2.69 million subscribers. The company’s subscriber base increased from 469.73 million to 472.42 million in April 2024. Out of the 472.42 million subscribers, the company’s active subscriber base stood at 433.42 million, which is 91.74%. <cmsannotation type="cmsannotation" annotationid="Airtel continues to add subscribers" comment="subhead" text="Airtel continues to add subscribers">Airtel continues to add subscribers</cmsannotation> Sunil Mittal-led Airtel added 0.75 million subscribers in April 2024, taking its total subscriber base to 386.52 million from 385.76 million users. The company continues to enjoy a high active subscriber base with 383.32 million active users out of 386.52 million users. The company’s active subscriber base stands at 99.17%. <cmsannotation type="cmsannotation" annotationid="Vi continues to bleed subscribers" comment="subhead" text="Vi continues to bleed subscribers">Vi continues to bleed subscribers</cmsannotation> Vi has continued to lose subscribers as it is yet to launch 5G services in the country. The company lost 0.74 million subscribers, bringing down its total subscriber base from 219.81 million to 219.08 million. Vi has the lowest active subscriber base among the three companies. The company’s active subscriber base stands at 192.64 million out of its 219.08 million subscribers. Its active subscriber base is 87.93%. The company’s shareholders in April had approved an ₹20,000 crore fundraising plan. <cmsannotation type="cmsannotation" annotationid="BSNL loses over a million subscribers" comment="subhead" text="BSNL loses over a million subscribers">BSNL loses over a million subscribers</cmsannotation> State-run telco Bharat Sanchar Nigam Limited (BSNL) reported a loss of 1.23 million subscribers in April 2024. With this, the telco’s subscriber base decreased from 88.06 million to 86.84 million. <cmsannotation type="cmsannotation" annotationid="MNP requests continue to grow" comment="subhead" text="MNP requests continue to grow">MNP requests continue to grow</cmsannotation> Mobile number portability (MNP), which allows users to shift from one telecom operator to another, recorded 11.07 million requests during April 2024. With this, the total number of MNP requests received since the introduction of this in November 2010 has reached 973.60 million. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-14-civi-review/articleshow/111116956.cms">Xiaomi 14 CIVI review – affordable flagship with premium cameras</a> <a href="https://www.businessinsider.in/business/webstories/nvidia-dethrones-microsoft-to-become-the-worlds-most-valuable-company/slidelist/111102218.cms">As Nvidia dethrones Microsoft, check out the world's top 10 most valuable companies</a> <a href="https://www.businessinsider.in/tech/apps/news/google-gemini-app-launched-in-india-with-support-for-nine-languages/articleshow/111080854.cms">Google Gemini app launched in India with support for nine languages</a>

Reliance Jio and Airtel add nearly 3.5 million subscribers in April 2024

Over the past few months, the pre-wedding and wedding-related ceremonies of Radhika Merchant and Anant <keyword id="19898589" type="General" weightage="20" keywordseo="ambani" source="keywords">Ambani</keyword> have been catching everyone's attention. The grand pre-wedding event in Jamnagar was attended by major business tycoons, both national and international, including Gautam Adani and Mark Zuckerberg. Additionally, the entire Indian film industry was present at the event, with stars such as Shahrukh Khan and Ram Charan in attendance. Videos and photos from the event were all over the internet. After that, another four-day event took place aboard a luxury cruise in Italy. Finally, Radhika Merchant and Anant Ambani will get married on July 12 at the <keyword id="20044932" type="General" weightage="20" keywordseo="Jio-World-Convention-Centre" source="keywords">Jio World Convention Centre</keyword> in Mumbai. In line with the pre-event extravaganza, the wedding is also expected to be star-studded, with many famous artists, such as <a href="https://www.businessinsider.in/entertainment/news/adele-drake-and-lana-line-up-to-perform-at-anant-ambani-and-radhika-merchants-wedding-in-mumbai/articleshow/111480856.cms">Adele, Drake, and Lana Del Rey, expected to perform at the wedding</a>. Ahead of the big day, the Mosalu/Mameru ceremony took place at Antilia. <h2>What is <keyword id="22298098" type="General" weightage="20" keywordseo="Mosalu-and-Mameru" source="Orion">Mosalu and Mameru</keyword>?</h2>Mosalu is a traditional <keyword id="22298099" type="General" weightage="20" keywordseo="Gujarati-ceremony" source="Orion">Gujarati ceremony</keyword> celebrated a few days before the wedding. During Mosalu, the groom’s mother’s family brings gifts and blessings for the couple. In this Radhika and Anant Ambani’s wedding, members of Nita Ambani’s family, led by her mother, Purnima Dalal, and her sister, Mamta Dalal, visited the Ambani residence in Mumbai. The groom’s uncles and family presented the bride and groom with a traditional set of gifts called 'Mameru.' This ceremony shows respect for the larger family and includes them in the wedding festivities. <div type="INSTAGRAMURL" thumbUrl="undefined" caption="Caption not available." user="undefined" cmsId="1720170174184"><url><![CDATA[https://www.instagram.com/p/C8-EjqDIEb8/]]></url><permalink><![CDATA[https://www.instagram.com/p/C8-EjqDIEb8/]]></permalink><payload><![CDATA[]]></payload></div>During the ceremony, Radhika Merchant wore a custom Manish Malhotra lehenga with 'Durga-shloka' embroidered on the borders. She paired this beautiful outfit with her mother Shaila Merchant's jewellery. The wedding festivities for Radhika Merchant and Anant Ambani began with the 'Mameru' ceremony at Antilia. Ahead of <keyword id="22298097" type="General" weightage="100" keywordseo="Anant-and-Radhikas-wedding" source="Orion">Anant and Radhika’s wedding</keyword>, Nita and Mukesh Ambani were seen at several places performing various activities. Earlier, the distribution of wedding invites began with Nita Ambani visiting the Kashi Vishwanath Temple to offer the first invitation and seek blessings. The Ambani family also hosted a mass wedding in Thane for underprivileged couples.

You Searched For "jio industries" and got 12 results

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Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹69,621 crore

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Reliance Jio IPO – Mukesh Ambani-led telco might be gearing up for India’s biggest IPO

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Reliance Jio and Airtel added 3.45 million subscribers in May 2024, while Vi lost nearly a million

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Reliance Jio and Airtel add nearly 3.5 million subscribers in April 2024

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A closer look at Mosalu and Mameru ceremonies before Anant and Radhika’s wedding

Ayush Mehrotra

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