Following on the heels of its announcement to sell its transmission assets to Adani Group, Reliance Infrastructure today said it has signed a share purchase agreement with Adani Transmission for the sale of 100% of its Western Region System Strengthening Scheme Transmission Assets. “SPA for Parbati Koldam Transmission Company Limited (PKTCL) shall be executed upon […]
Reliance Jio 4G was supposed to be the biggest thing that ever happened to data in India, and it probably is too. But that doesn’t mean that it owns the market for affordable high-speed data. Tata DoCoMo, which operates 3G services in nine circles, has started rolling out India’s cheapest limited 3G plan. The new […]
Anticipating a slow down in home sales in the coming months in the wake of the crackdown on ‘black money’, housing.com will restart its rental classifieds business soon. The portal, which had seen an ugly spat between founder Rahul Yadav and investors two years ago, had shut its rental listing last year to focus on the […]
A new study by the Exim Bank has found that around 15% of the total jobs in India are related to India’s exports sector, including both IT, BPO and material goods such as garments. The total number of jobs supported by aggregate Indian exports increased from about 34 million in 1999-00 to 62.6 million in […]
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Snapdeal-owned FreeCharge has tied up with ICICI Bank’s Merchant Services, which will allow consumers to pay their bill at over 1 Lakh ICICI stores with their Freecharge accounts. These merchants are located at across 700 cities and towns in India, the company said. “FreeCharge’s partnership with ICICI Merchant Services, powered by First Data, will ease […]
4G operator Reliance Jio’s trial services, which started in earnest about three months ago, has disrupted the online ad industry by massively increasing the total inventory without a commensurate increase in ad budgets. INTERNET EXPLODES Today, Reliance Jio has 50 mln users who, on average use about 1 GB of data per day. This creates 50 mln […]
Reliance Jio, the world’s biggest 4G operator by data volume, took a step closer to the starting of commercial services today by slashing the free data allowance on its connections to 1 GB per day from 4 GB. From January 1, all subscribers of Reliance Jio — old and new — will be able to […]
Reliance Jio said it would cut the daily data allowance of its users from 4GB to 1GB starting from Jan 1. Existing (or old) users will continue to get 4 GB per day till Dec 31. On Jan 1, they will be moved from the Welcome Offer to the new ‘Happy New Year’ offer with […]
The live Youtube stream of Mukesh Ambani’s speech on the upcoming plans of Reliance Jio is now uploaded. Ambani is expected to announce details of Jio’s future strategy, including possibly new and cheaper tariff plans and details on new offers. Click on any of the following links to watch the stream starting at 1:30 PM. […]
RIL Chairman Mukesh Ambani’s speech on Reliance Jio’s Welcome Offer and other plans is starting in a few minutes. https://youtu.be/eEUGI1LQojs In his speech, Ambani is expected to thank everyone for using the company’s services under the Welcome Offer, but is unlikely to extend the free services by three months as widely expected. “The Welcome Offer […]
In his speech starting in half an hour, Reliance Jio chairman Mukesh Ambani will claim leadership in the broadband space globally, but is unlikely to announce an extension of the Welcome Offer. “The Welcome Offer was to get your feedback,” Ambani is expected to say in his speech that will start at 2 PM today. […]
Old notes will no longer be accepted at petrol pumps and airline ticket counters starting from Saturday, according to sources. So far, petrol pumps and airlines had been given an exemption from demonetization of 500 and 1000 rupee notes. However, in an effort to control the widespread ‘whitening’ of black money, the government is gearing […]
Starting at 1:30 PM today, Mukesh Ambani will give a speech on the future plans of Reliance Jio at which he’s widely expected to unveil new tariff plans for the 4G operator. The new plans will come in the context of the successful resolution of the interconnect dispute between the operator and its incumbent rivals […]
Mukesh Ambani, chairman of Reliance Jio, will unveil a new roadmap for the telecom company tomorrow at 1:30 PM. The new roadmap will include details of the company’s so-called ‘Welcome Offer 2’ as well as details on whether or not existing free users will have start paying from Jan 1 or not. According to our […]
Bajaj Auto said it will shortly add yet another sub-brand to its line-up of motorcycles in India. The Dominar will sit above the Pulsar, currently Bajaj’s top in-house brand and will be introduced on Dec 15. The first motorcycle carrying the brand rolled out from Bajaj Auto’s Chakan Plant on 18th November, the company said. […]
TRAI data has finally confirmed what we had first reported two months ago — RCom lost the vast majority of its CDMA subscribers when it forced them to migrate to 4G five months ago. Out of around 101 mln RCom subscribers at the time, about 24 mln are estimated to have been on CDMA technology. […]
The surge in populism and anti-establishment sentiment witnessed in the Brexit vote and Donald Trump’s victory in the US presidential election seem likely to push structural policies in the direction of economic nationalism, said Fitch Ratings in its latest global economic outlook (GEO). This will result in a reduction in trade openness and international labour […]
Reliance Jio has crossed the 5 cr subscriber mark, which gives it a market share of around 10% among cellphone users in the country. Though India has a total of around 80 cr subscribers on paper, due to multiple and dormant connections, the actual cellphone users is estimated to be around the 50 cr or […]
The government has banned over-the-counter exchange of old 500- and 1000-rupee notes due to suspected gaming of the system by those with black money. According to banking industry sources, the over-the-counter exchange system was being massively misused by hawala operators and others who had illegal funds to convert their old currency into new notes. “The system […]
