Till now, Jio was primarily targeting the prepaid customer base, with only a few post-paid plans. Now, it is targeting post-paid customers, who usually spend over five times their prepaid counterparts and are more company-loyal.
In the quarter ended September 30, the Pirojsha Godrej-led firm recorded Rs 492 crore net sales, up 49% year-on-year
Reliance has announced that it will roll out its e-commerce platform to as many as 1.2 million retailers and store owners in Gujarat. This is part of a nationwide roll-out that will come later this yea, reports Viveat Susan Pinto.
Reliance Communications could become a much more formidable opponent.
Trial offer is only by invite as of now, but is expected to be extended soon to select customers of Reliance Digital Express.
Reliance announced energy asset sales worth around $ 16 billion; end of the investment cycle in telecom; bringing net-debt to zero in 18 months; value-unlocking options for real estate and financial assets; listing of telecom and retail in five years; and focus on dividends.
Falling revenues, increased capex, and first full year of spectrum debt may make things worse
The greenback rose 9 percent against currencies.
Ravi Shankar mulls taking his products, available at 600 outlets, to 2,500 stores by 2017; others have plans, too.
Reliance Jio submitted the highest pre-auction deposit.
Mahesh Nandurkar, executive director and India Strategist at CLSA, talks to Puneet Wadhwa ahead of their 21st India Forum on his interpretation of how the markets have played out over the past few months, the road ahead, and his sector preferences in this backdrop.
The public has benefited from this decline in crude oil, which has translated into lower prices of petrol and diesel.
The wide-based NSE sensitive index is currently hovering around 7,900.
The company will finalise the final pricing for allotment of shares later.
Most of the 250 freshers Infosys hired from US campuses last year would be deployed in sales
Real reason for crashing gold prices is not Trump victory, says expert.
AirAsia has come under scrutiny since June when GMT Research issued a critical report questioning its accounts.
Operators continued aggressive bidding in 900 MHz band
Traders are closely watching the progress of the monsoon.
Sensex rises, Nifty ends at record high; RIL shares rally.
'Irrespective of the price movement of gold, customers can lock in their purchase at Rs 28,000 per 10 grams of pure gold.'
CLSA managing director & equity strategist Christopher Wood, and executive director Mahesh Nandurkar tell Puneet Wadhwa that the markets could give a return of around 10 per cent from the current level over the next year.
At least three brokerages, two domestic and one global, have said the company could cut its revenue growth guidance again in dollar terms
While rate cuts may increase churn between banks, these may not boost credit offtake meaningfully.
Centre to take a call only in August, just a month before his three-year term ends.
Stock selection in India remain relatively low-beta given the lack of any conviction here on any near-term upturn in the investment cycle
According to a 2013 CLSA report , online retail in India was worth $3.1 billion, or about 10% of the country's organised retail market
n the broader market, BSE Midcap and Smallcap indices are trading higher by 0.3% each.
Sensex under pressure as Yellen signals rate hike; banking stock slip.
Demonetisation will wipe out the likely benefits of a good monsoon this year, says Christopher Wood of CLSA.
Auditors and promoter entities linked to the UB Group have come under scanner of multiple regulatory agencies for alleged irregularities.
Debt funds have exposure of nearly Rs 8,000 crore to Zee group papers. Aditya Birla MF, HDFC MF, Franklin Templeton MF, and ICICI Prudential MF have the highest exposure, reports Samie Modak.
Tata Power, Sesa Sterlite and Hindustan Zinc likely to be hit.
5,565 contracts, valued at $201 billion are up for rebids across geographies and verticals by 2018.
Sensex up just 6.5% while the best returns were during Manmohan Singh, with the Sensex soaring nearly 167.5%.
It was a case of 'buy on hopes and sell on news' as the Indian market posted only modest gains despite a landslide victory to Narendra Modi-led Bharatiya Janata Party (BJP).
In many respects, Ramdev is also among the busiest FMCG brand ambassadors.
On Wednesday, FIIs sold shares worth Rs 1,573 crore.
Gross refining margins may decline sequentially but improving petro-chem margins will boost earnings
The 30-share Sensex provisionally ended up 366 points at 27,275 and the 50-share Nifty ended up 132 points at 8,235.
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