Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<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

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> 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

Just last month, Jio, Vodafone and <keyword id="19896909" type="General" weightage="20" keywordseo="airtel" source="keywords">Airtel</keyword> were making headlines for announcing hikes in their tariff plans. Users across India were talking about the new rates and were comparing them with the new ones. Talking specifically about Jio, the company raised the cost of its plans by around 10 - 27 percent. If you are a Jio subscriber, here is some good news for you. The company has recently introduced a <keyword id="21380985" type="General" weightage="20" keywordseo="new-plan" source="keywords">new plan</keyword> under <keyword id="22851878" type="General" weightage="20" keywordseo="Rs-200" source="keywords">Rs 200</keyword> and it gives you some unlimited benefits. <h2>Jio introduces new Rs 198 <keyword id="21079302" type="General" weightage="20" keywordseo="prepaid-plan" source="keywords">prepaid plan</keyword></h2>Reliance-owned Jio quietly rolled out a new prepaid plan for its customers priced at Rs 198. This new offering seems to be designed to cater to users with high data consumption needs over a short period. The plan could also be a strategic move by Jio to enhance its average revenue per user (ARPU) while providing value to its customers. <h2>What the plan includes </h2>The Rs 198 prepaid plan comes with a 14-day service validity, making it a suitable option for users who require a substantial amount of data in a short timeframe. The plan includes the following benefits: Users will receive 2GB of data per day, totaling 28GB over the 14-day period. This high data limit is ideal for those who consume a lot of data daily, whether for streaming, gaming, or other online activities. Further, the plan includes unlimited voice calling, ensuring that users can stay connected with friends and family without worrying about running out of talk time. Subscribers will also receive 100 SMS per day, which can be used for messaging throughout the validity period. Beyond the core services, the Rs 198 plan also offers access to Jio’s suite of apps, including JioCloud, <keyword id="19940563" type="General" weightage="20" keywordseo="JioCinema" source="keywords">JioCinema</keyword>, and JioTV. These apps provide cloud storage, entertainment, and live TV services, adding further value to the plan. While the Rs 198 plan is a compelling option for heavy data users, it’s not the cheapest plan in Jio’s portfolio. The company’s most affordable offering is the Rs 189 plan, which provides a more basic set of features for users on a tighter budget. However, the Rs 198 plan’s high data allowance and additional benefits make it a strong contender for those who need more from their mobile service.

Reliance Jio launches new plan under Rs 200, get 2GB daily data and more

<ul><li>Telecom operators have reported an increase in ARPU after the recent tariff hike.</li><li>At the same time, the telcos have also lost subscribers in the quarter.</li><li>Airtel has recorded the highest ARPU at ₹233 per month, followed by Jio with an ARPU of ₹195.</li></ul>India’s leading telecom operators Reliance Jio, Airtel and Vi have lost subscribers in this quarter while recording a robust increase in their average revenue per user (ARPU) because of <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">recent tariff hikes</a> according to a report by Centrum. The ARPU for private telecom players was positively impacted due to tariff hikes implemented in July 2024. <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> Bharti Airtel continues to maintain its lead with an ARPU of ₹233 per month for the quarter, up from ₹211 per month in the first quarter of FY25 Reliance Jio reported an ARPU of ₹195 per month compared to ₹182 per month in Q1FY25 whereas VIL reported an ARPU of ₹156 per month, up from ₹146 per month in Q1FY25. The report indicates that the tariff increases will aid telecom operators in achieving higher Average Revenue Per User (ARPU), and the full impact of these tariff increases will become evident within a few quarters. <div type="Article" hostid="261" msid="114944496" title="Reliance Jio IPO – India’s biggest telco to go public in 2025, retail IPO further away" mstype="2" mssubtype="0"></div> Conversely, the operator's subscriber base declined due to SIM consolidation resulting from tariff increases implemented in July 2024. Bharti Airtel lost around 2.9 million mobile subscribers in the quarter to reach 352 million. Reliance Jio lost around 10.9 million subscribers in the quarter to reach 479 million subscribers whereas Vi lost 5.1 million subscribers in this quarter mainly in the 2G segment to reach 205 million subscribers. This quarter also saw increased porting to the government-owned telecom operator Bharat Sanchar Nigam Limited (BSNL), from private operators as tariffs were not raised by the telco. The report says SIM consolidation is expected to be largely over by the end of the third quarter of the current fiscal. It adds that besides tariff hikes, ARPU for the sector will continue to grow also led by subscribers moving from 2G to 4G and growth in post-paid subscribers. Average voice and data use is expected to increase with this migration. <div type="Article" hostid="261" msid="113548793" title="Jio and Airtel lost subscribers in July after tariff hike, BSNL records growth" mstype="2" mssubtype="0"></div> Both Airtel and Reliance Jio are adding more cities to their 5G coverage with presence across most districts of India. About 148 million Jio subscribers have migrated to 5G and 105 million Airtel subscribers moved to 5G. With more 5G subscribers, data usage is expected to increase thereby increasing revenue and ARPU for telecom operators. The report says with these changes and reforms of September 2021, the telecom sector is moving towards some sort of stability. Tariff hikes in December 2019, November 2021 and July 2024 have led to a steady rise in operator’s ARPU. About the revival of Vi, the report says the government now has a 24% equity stake in the telco. The company is in discussion with banks to raise debt capital of ₹250 billion for its capex plans of ₹500-550 billion over the next 3 years to improve its network capacity. The company has also announced its plan to launch its 5G services in another 6 months. However, the net debt of the company still stands at ₹2 trillion. With inputs from ANI. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/tata-to-buy-a-majority-stake-in-pegatrons-iphone-plant-in-india/articleshow/115414852.cms">Tata to buy a majority stake in Pegatron's iPhone plant in India</a> <a href="https://www.businessinsider.in/stock-market/webstories/ntpc-green-energy-ipo-gmp-risk-factors-and-all-you-need-to-know/slidelist/115403791.cms">NTPC Green Energy IPO – GMP, risk factors and all you need to know</a> <a href="https://www.businessinsider.in/entertainment/news/jiostar-announces-plans-starting-at-15-heres-everything-you-need-to-know/articleshow/115326701.cms">JioStar announces plans starting at ₹15 – here’s everything you need to know</a>

Telcos report a rise in ARPU after tariff hike, lose subscribers

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

<keyword id="19894961" type="General" weightage="20" keywordseo="apple" source="keywords">Apple</keyword>'s revenue in <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> rose nearly 42 per cent (on-year) last year to $8.7 billion, foreign brokerage Morgan Stanley said in a report on Friday. According to the report, iPhone shipments grew about 39 per cent to 9.2 million units last year. "In CY23, India represented 4 per cent of iPhones shipments and revenue, up from 3 per cent in CY22 and 1 per cent 5 years ago," said analysts in the report. "If India continues to grow at the same trajectory while China iPhone shipments stay flat, India would be a bigger iPhone market than China by 2027," it added. TechCrunch was first to report on Apple India's 2023 revenue. Apple registered strong double-digit growth in the December quarter in India, reaching another quarter revenue record in the country, company's CEO <keyword id="19954680" type="General" weightage="20" keywordseo="tim-cook" source="keywords">Tim Cook</keyword> said earlier this month. Responding to an analyst's questions, <keyword id="19905938" type="General" weightage="20" keywordseo="cook" source="keywords">Cook</keyword> said that the India market "hit a quarter revenue record". India's smartphone shipments remained flat in 2023 at 152 million units, but Apple reached the 10-million-unit mark in shipments and captured the top position in revenue in a calendar year for the first time. In a bid to further boost mobile manufacturing in the country, the government in January slashed import duty on parts used for manufacturing of mobile phones to 10 per cent from 15 per cent. The move will help companies like Apple to manufacture more of its high-end premium smartphones in the country. SEE ALSO:<a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-add-subscribers-as-vis-subscriber-base-continues-to-decline/articleshow/107934565.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-add-subscribers-as-vis-subscriber-base-continues-to-decline/articleshow/107934565.cms" target="_blank">Reliance Jio and Airtel add subscribers as Vi’s subscriber base continues to decline</a><a href="https://www.businessinsider.in/tech/mobile/webstories/iqoo-neo-9-pro-vs-oneplus-12r-which-mid-range-phone-should-you-buy/slidelist/107938249.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/iqoo-neo-9-pro-vs-oneplus-12r-which-mid-range-phone-should-you-buy/slidelist/107938249.cms" target="_blank">iQOO Neo 9 Pro vs OnePlus 12R – which mid-range phone should you buy?</a><a href="https://www.businessinsider.in/tech/news/indian-pc-market-down-by-6-6-in-2023-hp-leads-the-market-while-acer-gains/articleshow/107906820.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/indian-pc-market-down-by-6-6-in-2023-hp-leads-the-market-while-acer-gains/articleshow/107906820.cms" target="_blank">Indian PC market down by 6.6% in 2023, HP leads the market while Acer gains</a>

Apple's India revenue up 42% to $8.7 bn in 2023: Morgan Stanley

India's largest telecom operator <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> on Monday posted a 13 per cent year-on-year rise in its standalone net profit at Rs 5,337 crore in March quarter. Its revenue from operations for Q4FY24 came in at Rs 25,959 crore, up 11 per cent over the year-ago period. The net profit was pegged at Rs 5,337 crore for just-ended quarter, up from Rs 4,716 crore in the fourth quarter of FY23, which translated into a 13.16 per cent increase. According to a BSE filing by the company, for the full FY24, the net profit stood at Rs 20,466 crore, which was 12.4 per cent higher than that of FY23. The revenue for full fiscal ended March 2024 was Rs 1,00,119 crore, up 10.2 per cent over the preceding fiscal. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-8a-may-be-more-expensive-than-its-predecessor-as-per-a-new-leak/articleshow/109499394.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-8a-may-be-more-expensive-than-its-predecessor-as-per-a-new-leak/articleshow/109499394.cms" target="_blank">Google Pixel 8a may be more expensive than its predecessor, as per a new leak</a><a href="https://www.businessinsider.in/sports/webstories/at-17-indian-chess-prodigy-d-gukesh-becomes-youngest-challenger-for-world-championship/slidelist/109492021.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/at-17-indian-chess-prodigy-d-gukesh-becomes-youngest-challenger-for-world-championship/slidelist/109492021.cms" target="_blank">At 17, Indian chess prodigy D Gukesh becomes youngest challenger for World Championship</a><a href="https://www.businessinsider.in/tech/news/playstation-5-is-now-available-at-a-discount-of-10000-for-a-limited-period/articleshow/109183034.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/playstation-5-is-now-available-at-a-discount-of-10000-for-a-limited-period/articleshow/109183034.cms" target="_blank">PlayStation 5 is now available at a discount of ₹10,000 for a limited period</a>

Reliance Jio Q4 net profit rises over 13% to ₹5,337 crore

<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. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/vodafone-idea-fpo-allotment-how-to-check-allotment-gmp-and-more/articleshow/109504341.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/vodafone-idea-fpo-allotment-how-to-check-allotment-gmp-and-more/articleshow/109504341.cms" target="_blank">Vodafone Idea FPO allotment – How to check allotment, GMP and more</a><a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-8a-may-be-more-expensive-than-its-predecessor-as-per-a-new-leak/articleshow/109499394.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-8a-may-be-more-expensive-than-its-predecessor-as-per-a-new-leak/articleshow/109499394.cms" target="_blank">Google Pixel 8a may be more expensive than its predecessor, as per a new leak</a><a href="https://www.businessinsider.in/sports/webstories/at-17-indian-chess-prodigy-d-gukesh-becomes-youngest-challenger-for-world-championship/slidelist/109492021.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/at-17-indian-chess-prodigy-d-gukesh-becomes-youngest-challenger-for-world-championship/slidelist/109492021.cms" target="_blank">At 17, Indian chess prodigy D Gukesh becomes youngest challenger for World Championship</a>

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

<ul><li>For FY23, <keyword id="6354504" type="General" weightage="20" keywordseo="reliance-jio" source="Orion">Reliance Jio</keyword>’s net profit stood at ₹18,207 crore, increasing from ₹14,817 crore in FY22.</li><li>Its revenue from operations for the quarter grew 1.7% sequentially to ₹23,394 crore compared to ₹22,998 crore in the previous quarter.</li><li>The average revenue per user (ARPU) grew marginally to ₹178.8 in the March quarter from ₹178.2 in the December quarter while it increased nearly 7% on a yearly basis.</li></ul>India’s largest telecom provider, Reliance Jio on Friday said its March-quarter net profit rose 1.7% sequentially to ₹4,716 crore from ₹4,638 crore in the December quarter. On a yearly basis, its profit grew by 13%. Its revenue from operations for the quarter also grew 1.7% sequentially to ₹23,394 crore as compared to ₹22,998 crore in the previous quarter. On a yearly basis, it increased 12%. For FY23, Reliance Jio’s net profit stood at ₹18,207 crore, increasing from ₹14,817 crore in FY22. The company attributed the annual growth in revenue from operations to the full impact of tariff hike, ramp-up of wireline services and continued subscriber addition for mobility services. Reliance Jio’s depreciation and amortisation expenses have increased to ₹4,982 crore in Q3 FY23 from ₹4,810 crore in the previous quarter due to higher network utilisation and incremental addition to gross block, it said in an exchange filing. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4 FY23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q3 FY23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4 FY22 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹23,394 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹22,998 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹20,901 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,716 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,638 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,173 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ARPU </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹178.8 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹178.2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹167.6 </td></tr></tbody></table> The average revenue per user (ARPU) grew marginally to ₹178.8 in the March quarter from ₹178.2 in the previous quarter while it increased nearly 7% on a yearly basis. The ARPU came <a href="https://www.businessinsider.in/business/corporates/news/rils-q4-to-be-driven-by-sustained-momentum-in-retail-business-o2c-to-see-modest-growth/articleshow/99629278.cms">below analysts expectations </a>of ₹179-181. The telecom operator said that ARPU increased due to impact of tariff hike, better subscriber mix and data add-ons within select customer cohorts. <div type="image" title="Copy of Jio ARPU Q1 FY23 (4)" msid="99674341" hostid="261" sizebytes="19324"></div> Reliance Jio added more subscribers in the March quarter as compared to the previous December quarter. It added 6.4 million net subscribers in Q4 compared to 5.3 million in the previous quarter. With this, its total customer base as on March 31, 2022 stood at 439.3 million. “Jio’s industry leading net subscriber addition was 29.2 million for FY23 with monthly churn remaining stable at ~2%,” said the company in an exchange filing. <div type="image" title="Copy of Jio subscribers + net addition Q1 FY23 (3)" msid="99674346" hostid="261" sizebytes="31346"></div> Jio on track to rollout 5G services pan India by December 2023 Currently, Reliance Jio is busy processing network deployments across the country for 5G services. It highlighted that Jio is on track to complete pan India rollout by December 2023. Jio has extended coverage of its True5G services to over 2,300 cities/towns across India. “Jio has taken formidable strides in pioneering 5G rollout across the country with unmatched speed of execution. 5G has led to a significant improvement in customer experience, reflected in the higher engagement levels among Jio users,” said Akash M Ambani, chairman of Reliance Jio Infocomm. Ahead of its earnings announcement, shares of Reliance Industries closed 0.21% higher at ₹2,351 apiece. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/reliance-industries-q4-net-profit-of-19299-crore-beats-analyst-expectations-driven-by-retail/articleshow/99673940.cms">RIL’s Q4 net profit of ₹19,299 crore beats analyst expectations, driven by retail</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/reliance-retails-q4-net-profit-grows-12-9-on-the-back-of-rapid-expansion/articleshow/99673732.cms">Reliance Retail’s Q4 net profit grows 12.9% on the back of rapid expansion</a>

Reliance Jio Q4 net profit grows 1.7% sequentially to ₹4,716 crore; ARPU up marginally

Mumbai, <keyword id="19930381" type="General" weightage="20" keywordseo="volvo-car-india" source="keywords">Volvo Car India</keyword> on Monday said it has restructured its management team headed by <keyword id="19930380" type="General" weightage="20" keywordseo="jyoti-malhotra" source="keywords">Jyoti Malhotra</keyword> through both internal role changes as well as external talent acquisition. The exercise carried out over the past few months is aimed to secure long-term strategic transformation and direct-to-consumer online sales, Volva Car <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> said. It is a subsidiary of Swedish luxury carmaker Volvo Cars. As part of the rejig, Kalpit Shishodia, who led the customer service function since 2017, has been promoted to the role of director commercial operations to oversee all revenue generating functions under sales and service. This is to ensure profitable growth, including sales of new and used cars, parts, accessories and related value chain as well as the required tech support for all products, the company said. Similarly, Prashant Khanna has been elevated to the role of director business transformation and retail development. Khanna, in his new role, is responsible for leading the transformation of the company's retailers from the traditional business model to being profitable partners in its journey of becoming a fully-electric car company, at the same time minimising the carbon footprint through the green-dealer initiative, it said. Besides, he leads the implementation of all-digital platforms required to support online-direct-to-consumer sales and the consumer relationship centre which is pivotal in ensuring a positive customer experience, <keyword id="20228332" type="General" weightage="20" keywordseo="volvo-car" source="keywords">Volvo Car</keyword> India said. According to the company, Jyotsana Singh Kaushik has recently joined the company as Director of Marketing and PR, with a focus on driving strategic marketing initiatives, while Priyankaril Khatri has been appointed as the head of legal. "The management team restructure underscores Volvo Car India's commitment to accelerating full electrification while maintaining excellence. It reflects our proactive stance in adapting to the evolving automotive landscape, ensuring innovation and connecting with the emerging younger customer base in the luxury e-mobility segment," said Jyoti Malhotra, Managing Director, Volvo Car India. By leveraging internal talent and with fresh perspectives, the company is poised to lead the industry towards a greener, more sustainable future, he added. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-add-subscribers-as-vis-subscriber-base-continues-to-decline/articleshow/107934565.cms">Reliance Jio and Airtel add subscribers as Vi’s subscriber base continues to decline</a> <a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-14-to-launch-in-india-on-march-7-to-take-on-the-galaxy-s23-and-oneplus-12/articleshow/107841326.cms">Xiaomi 14 to launch in India on March 7, to take on the Galaxy S23 and OnePlus 12</a> <a href="https://www.businessinsider.in/tech/news/from-usernames-to-secret-codes-for-locked-chats-here-are-the-upcoming-whatsapp-features/articleshow/107885651.cms">From usernames to secret codes for locked chats, here are the upcoming WhatsApp features</a>

You Searched For "reliance jio revenues" and got 11 results

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

Sourabh Jain

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

PTI

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

Sourabh Jain

Reliance Jio launches new plan under Rs 200, get 2GB daily data and more

Divyanshi Sharma

Telcos report a rise in ARPU after tariff hike, lose subscribers

Sourabh Jain

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

Sourabh Jain

Apple's India revenue up 42% to $8.7 bn in 2023: Morgan Stanley

IANS

Reliance Jio Q4 net profit rises over 13% to ₹5,337 crore

PTI

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

PTI

Reliance Jio Q4 net profit grows 1.7% sequentially to ₹4,716 crore; ARPU up marginally

Bhakti Makwana

Volvo Car India rejigs management team

PTI

Popular Keywords

Buying Guides