SSG Capital Management Group is investing up to Rs 580 cr to acquire 40% stake in Future Supply Chain Solutions Ltd (FSC) from the existing shareholders of the company at a valuation of up to Rs 1,450 cr. This will include 14% stake to be acquired from Future Retail Ltd (FRL) and the management team […]
The Reliance Group is all set to make a big promotion of its upcoming Reliance Jio 4G and LYF handset brands at the upcoming Indian Premier League sports event. The LYF logo will be emblazoned on the right arm of all the Mumbai Indian players, and underneath the logo will be the tagline ‘Smartphone+’ (see […]
After launching Zee Bioskop in Indonesia and Zee Nung in Thailand, Zee Entertainment Enterprises has entered Philippines with its third dedicated Bollywood movie channel for the local Filipino audience starting today. Announcing ZEE’s entry into the Philippines, Amit Goenka, CEO – International Broadcast Business, ZEEL said: “We already have 5 dedicated localized channels in APAC, […]
Reliance Jio has started pushing its 4G SIM cards into its LYF distribution network for bundling with handsets, suggesting that the company will launch its handset and SIM combo ahead of the IPL. The first match of the IPL will be played on Saturday. The SIM cards being pushed to LYF retailers will be given […]
Reliance Jio is reported to be getting ready to sell its first SIM cards tomorrow, but only for those who buy its devices such as LYF handsets and Mifi wireless internet hotspots. According to a person working in the company, the operator is gearing up to sell its first bundled SIM cards on Monday. Reliance Digital has […]
Sometimes, rumors can spread so fast that it becomes difficult to distinguish between fact and fiction. And often, what you need is just a small misunderstanding (or misreporting) for things to go wrong. The story about Reliance Jio tariff coming with a plan of 75 GB and 4500 minutes for just Rs 200 is a case […]
Reliance Jio will offer 40 GB of data free with its MiFi device — which will reportedly be priced in the Rs 2,000-2,500 range — according to a screenshot of the company’s tariff plans shared by a user on Twitter. The company has announced new tariff plans. Please see details here, or on this chart. […]
Flipkart today announced the acquisition of PhonePe, a Bangalore based mobile payments company. Co-founded by ex-Flipkart employees Sameer Nigam and Rahul Chari, PhonePe is building India’s first Unified Payments Interface (UPI) based product. UPI, planned to go live in the April, will allow users to transact using their unique identification and mobile phone number or […]
The initial sales of Reliance Jio connections will be restricted to Reliance Digital outlets with the twin aim of kickstarting the sales of LYF branded devices and subjecting the network to more extensive testing, according to multiple sources. During this phase — which will most probably start this weekend, there will be only one tariff plan and no […]
Reliance Jio, the country’s latest telecom operator, will start its services with coverage over 70% of India’s population, Chairman Mukesh Ambani said. “From Day one, we will look at providing 40-80 times faster internet speed than the current speed,” he said at FICCI’s annual entertainment industry conference FRAMES. “We will cover 90% population with 40-80 […]
GAIL has started drilling the first exploratory well as operator in its NELP-IX Block CB-ONN in Cambay Basin. The process, technically called “spudding”, started on March 27, 2016 in the well situated in Dugari village in Tarapur Tehsil of Anand District of Gujarat. GAIL (India) Limited is the lead operator of the block with 25 […]
International financial services group Credit Suisse said Reliance Jio, the telecom arm of Reliance Industries, are preparing for a soft launch of its 4G services, three months after it was opened up to employees and their friends. “Our visits to Reliance Digital stores in Mumbai revealed that the stores are preparing for a possible soft […]
Zydus Healthcare Limited, a wholly owned subsidiary of Cadila Healthcare said it has entered into a definitive agreement to acquire ‘Actibile’ from Albert David Limited. No pricing was disclosed. The gastroenterology drug is used for dissolving gall bladder Stones. The deal will be financed through internal accruals, the pharmaceutical company said. “The gastrointestinal segment has […]
TVS Motor Company launched its new four stroke TVS XL 100 in Maharashtra. The all new TVS XL 100 comes with a seat which is broader and more comfortable. It also has a detachable rear seat with a robust rear flatbed platform to enable carrying of loads. The key selling point of mopeds in India […]
Reliance Digital outlets in India have recieved stocks of Reliance Jio SIM cards and will start selling them over the next one week or ten days. They will be followed by small retailers within the next 10-15 days. Due to technical issues, the company is unlikely to give 4G voice (VoLTE) facility initially, according to […]
A twitter user by the name of JP Singh has created a small flutter by claiming that Reliance Jio Infocomm will launch its 4G services this Sunday. — UPDATE: We have confirmed from mid-level Jio employees that the company is indeed working towards a launch in various states over the next 10-15 days. The target […]
Anil Ambani-owned Reliance Communications said it had decided to extend its talks with Aircel Cellular owned by Malaysia’s Maxis group. It said “based on the good progress made so far, it has extended the exclusivity period with Maxis Communications Berhad (MCB) and Sindya Securities and Investments Private Limited, the shareholders of Aircel Ltd, by 60 […]
Persistent Systems, a product and outsourcing company, said it is reorganizing its business structure in four divisions. These divisions are ‘digital’, IBM, Services and Accelerite. It will also set up a new Corporate Operations office whose job will be to accelerate the four growth units. It will be headed by Atul Khadilkar. “Unique to Persistent, the […]
The launch date of Reliance Jio’s 4G service has been pushed back by 15 days to Apr 15, said a Kerala-based partner of the upcoming mobile operator. “They informed us that the (new) date is Apr 15,” he said. The first launch date given to the distributor was in “early March“. This was however postponed to […]
The number of people shopping online is expected to rise to 8 cr (80 mln) this year from 5.5 cr in 2015 with better infrastructure in terms of logistics, broadband and Internet-ready devices, according to an ASSOCHAM-PwC study. The overall e-commerce industry, valued at $25 billion at present has been growing at a compounded annual […]
