Reliance jio share price
Bharti Airtel, Jio target share price pricing in 15-20% tariff hike: Gaurav Malhotra
In terms of valuations, telecom stocks have moved up and are trading a little bit ahead of their long-term averages, says Gaurav Malhotra. He says the Street is quite positively viewing this whole tariff increase. Do note that the last major increase happened in 2021, so it has almost been three years since the last increase happened.
Jio acquires additional spectrum in 1800 MHz band for Rs 973 cr in two circles
Reliance Industries has secured additional spectrum in the 1800 MHz band for Bihar and West Bengal in a recent spectrum auction. The acquisition aims to meet geography-specific demand and ensure a high-quality customer experience. The total cost of the spectrum is Rs 973.63 crore. The acquisition expands Jio's spectrum footprint to 26,801 MHz and enables the company to deploy the largest amount of spectrum across India on bandwidth-efficient technologies like 4G and 5G.
Vodafone Idea Q4 Results: Net loss widens vs Q3; ARPU rise to Rs 146
Vodafone Idea’s net loss for the fiscal fourth quarter, FY24, widened sequentially to Rs 7,675 crore, dragged by high debt and even as it continued to lose subscribers.
Jio hikes tariff by 12.5 to 25%; launches new plans
On Thursday, Jio, owned by Reliance, revealed a tariff increase ranging from 12.5% to 25% alongside the introduction of new plans. In the recent spectrum auction by the Department of Telecommunications, Jio secured additional 1800 MHz band spectrum for Bihar and West Bengal, as informed by Reliance Industries to the exchanges on Wednesday.
Reliance Jio Q4 Results: Net profit rises 3% QoQ to Rs 5,307 crore
Jio Infocomm numbers were spot on to analyst estimates, which pegged the company's net profit at Rs 5,308 crore as per an average of estimates compiled by ET. The Mukesh Ambani-led telco’s March quarter revenue from operations came in 2.3% higher sequentially at Rs 30,541 crore compared to Rs 29,853 crore in the fiscal third quarter and Rs 27,539 crore a year ago.
Jio Financial seeks shareholders approval for up to 49% foreign equity investments
Among the public shareholders, foreign investors own about 19% stake in the company and mutual funds are holding 4.74%, according to the latest shareholding data available with the exchanges.
Prioritise 6 GHz spectrum for 5G, roll out fair share data network usage norm: COAI to government
COAI emphasizes the need for massive spectrum resources like Bharat 6G Alliance and Vision for 6G innovations and deployment.
Jio outpaces Airtel in 4G/5G user additions during April
Active, or visitor location register (VLR) data put out every month by Trai indicates the number of mobile users regularly using a mobile network. As a result, Jio’s active user base jumped to 433.42 million users, while Airtel and Vodafone Idea’s active user base declined to 383.32 million and 192.64 million users respectively.
Vi dials lenders for Rs 23,000 cr term loans, seeks Rs 10,000 cr in bank guarantees
Vodafone Idea (Vi) proposes borrowing Rs 23,000 crore in term loans and seeks Rs 10,000 crore in bank guarantees to enhance its telecom infrastructure and compete with Reliance Jio and Airtel.
Voda Idea shares up in early trade after Q4 show
Vodafone Idea Stock: Vi's net loss for the fiscal fourth quarter expanded to Rs 7,675 crore, up from Rs 6,986 crore in the previous quarter. The telecom company faces challenges from high debt and ongoing customer losses to competitors like Reliance Jio and Bharti Airtel.
Airtel, Jio free cash flow seen rising amid falling capex spends, growing ARPU
Analysts predict Bharti Airtel's and Reliance Jio's free cash flows to rise in FY26, reaching approximately Rs 56,000 crore and Rs 38,500 crore, respectively. This growth stems from reduced capital expenditures and higher average revenue per user (ARPU). Both telcos expect a surge in ARPU driven by tariff hikes and increased data usage amid 5G deployments
Reliance shares jump over 4% to hit fresh 52-week high
Reliance Industries (Ltd) shares surged over 4% to hit a new intra-day high of 3,029 on Wednesday, boosting the benchmark Nifty by 144 points. Despite earlier losses post-election, RIL staged a strong recovery, erasing losses and gaining approximately 2.4%.
Reliance Jio takes the lead, hikes tariff by 12-25 per cent
Jio’s rate hikes start from the Rs 155 plan, which will now cost Rs 189. The price of one of the most popular monthly plans — Rs 239, which comes with 1.5 GB data per day — has been revised to Rs 299, an increase of over 25%. But the rates for users of Jio’s 4G feature phone and smartphones will continue to be the same, as the company continues to woo 2G users to its services with the JioBharat and JioPhone offerings. “Even today, 250 million feature phone users in India remain stuck in the 2G era, unable to access digital service,” Jio said in a news release.
Vi completes minimum 5G rollout requirements
Vodafone Idea (Vi) has announced completion of its Minimum Rollout Obligations (MRO) across all 17 circles where it acquired 5G spectrum in August 2022. This step is essential for commencing 5G services, although Vi has yet to announce detailed rollout plans due to financial constraints. Unlike its competitors Reliance Jio and Bharti Airtel, which have almost completed nationwide 5G rollouts, Vi plans to gradually expand its network starting with equipment orders to vendors like Nokia and Ericsson.
Vodafone Idea may find it tough to raise tariffs after polls, say analysts
Vodafone Idea faces challenges in increasing ARPU through tariff hikes post-election, as price-sensitive customers resist. 42% of Vi users may downgrade or close secondary SIMs due to upcoming higher tariffs. Vi seeks to upgrade 2G to 4G, double Ebitda by 2025. Vi has been securing funds for 4G expansion and potential 5G rollout.
Vodafone Idea cash Ebitda seen growing 32% CAGR during FY24-28
Analysts predict Vodafone Idea's cash EBITDA to grow at a 32% compounded annual rate from FY24-28, aided by customer additions and average revenue per user (ARPU) growth driven by potential tariff increases. Following a targeted fundraise of Rs 45,000 crore, Vi is expected to achieve around 3.3% and 10% compounded annual growth in customer additions and ARPU respectively over FY24-28. However, caution is advised as Vi may need to provide about Rs 22,000 crore in bank guarantees to the government post the completion of the payment moratorium on regulatory payouts in September 2025.
Trent, BEL likely Nifty entrants in September rejig, trump Jio Financial, Zomato. Here's how
Trent and BEL are expected to enter Nifty in the September rebalancing of NSE indices, as per JM Financial estimates, which are based average free float market capitalisation.
Jio Financial Q4 Results: Net profit rises 6% QoQ to Rs 311 crore
The net profit was Rs 294 crore in the preceding December quarter. For the full year ended March 2024, the financial services company's net profit grew multi-fold to Rs 1,604 crore as against just Rs 31 crore in FY23.
5G auction: All you need to know about Rs 96,000 crore spectrum battle
5G auction: India is gearing up for its latest 5G airwaves auction starting Tuesday, valued at over Rs 96,000 crore. Telecom giants like Reliance Jio, Bharti Airtel, and Vodafone Idea will compete for crucial radio frequencies essential for 5G services. The previous auction in August 2022 set a record with the government earning Rs 1.5 lakh crore.
More users uplinking to 5G coming with a cost: Lower download speeds
Opensignal's report highlights the impact of rapid 5G deployment in India, revealing a surge in data usage that has strained mobile networks and led to decreased download speeds. In the first quarter of 2024, Reliance Jio's average download speeds declined compared to a year ago, while Bharti Airtel's improved. The national 5G download speed decreased from 304 Mbps in Q1 2023 to 280.7 Mbps in Q4 2023 due to increased subscriber numbers and data traffic.
ITC, Bharti Airtel’s weight may go up in Nifty rejig. $95 million passive inflows expected
ITC and Bharti Airtel’s weights in Nifty is expected to go up in the quarterly rejig which gets into effect on Thursday, triggering combined inflows of $95 million according to estimates by Nuvama.
Telcos bid for 5G worth ₹11,000 crore on first day of India's second spectrum sale
All three private carriers — Reliance Jio, Bharti Airtel and Vodafone Idea – are believed to have bid for sub-GHz (900 MHz) and select mid-band airwaves (1800 MHz, 2100 MHz) as they look to bolster their respective 5G spectrum holdings. High-band 5G airwaves in the 26 GHz band appear to have been given a miss on the opening day of the airwaves sale. In this year’s auction, the government has put 10.5 GHz of 5G spectrum in eight bands — 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3.3 GHz and 26 GHz — worth around Rs 96,238.45 crore at reserve prices on sale.
Cheaper 5G phones chip away at average prices
Flat Average selling prices (ASP) in the March quarter was largely due to a 22% on-year rise in shipments of mass budget phones priced at $100-200 at 16.3 million units, compared with 13.4 million units a year earlier, marking a resurgence from previous quarters.
Jio Financial shares surge 5% after NBFC signs agreement with BlackRock
Jio Financial Services' shares surged 5% to Rs 371.75 after partnering with BlackRock, Inc. for wealth management and broking. The joint venture aims to revolutionize India's asset management. The Reliance Industries division, listed separately since August 2023, saw a 6.3% monthly and 47.28% quarterly return.
Hinduja Group starts bond sale process to fund Reliance Capital buy
Barclays Plc and 360 ONE have been appointed as arrangers and underwriters for the issuance, according to sources who requested anonymity due to the private nature of the discussions. The arrangers began the syndication process last week to attract investors, and the deal is expected to be finalised within a month.
Telco revenues surged to Rs 2.3 lakh crore in FY24: CLSA
The Indian telecom industry's gross revenue surged 87% to Rs 2.39 lakh crore in FY24, driven by the launch of services by Reliance Jio. Jio and Bharti Airtel gained subscribers at the expense of Vodafone Idea. The two top telcos now control 78% of sectoral revenue, expected to rise to 83% by FY26. Vi's revenue market share fell to 15.7%, while Airtel and Jio saw revenue growth, with Jio leading at 41.4% RMS.
Telecom sector revenue surges 87% to Rs 2.4 lk cr in FY24: Report
Telecom sector revenue in FY24 reached Rs 2,39,900 crore ($29 billion), an 87% increase from its FY19 low following Reliance Jio's market entry and about 40% higher than FY16 figures, according to a CLSA report. This surge reflects the continuing subscriber gains by Jio and Airtel at Vodafone Idea's expense, with Jio and Airtel now controlling 78% of the sector's revenue combined, a figure CLSA expects to rise to 83% by FY26.
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 67.65 points up at 23390.6
Vodafone Idea's 'big' spectrum spend to help plug user exodus
Analysts added that Vi's spectrum spends of about Rs 3,510 crore - almost 12 times its Rs 300 crore earnest money deposit (EMD) - on the heels of a recent fundraise of about Rs 23,000 crore suggests the telco is preparing for network rollouts and plans to use its fresh 900 MHz spectrum to enhance 4G experience and rein in customer losses.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 58.11 points up at 23322.95
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 139.36 points up at 23404.2
Reliance's Jio Platforms clears hurdle in bid to launch satellite internet in India
Joint venture between Reliance Industries' Jio Platforms and SES, based in Luxembourg, has received the green light from the Indian space regulator to operate satellites in the country, according to a government official. Orbit Connect India, aimed at delivering high-speed internet access via satellites, has secured three approvals. This development emerges amidst a competitive landscape where companies like Amazon.com and Elon Musk's Starlink are seeking approval to launch satellite communication services in India, the world's most populous nation.
5G adoption on a roll in India, yet tariff upside may be minimal: India Ratings
India's 5G subscriber base is expected to rise to 20-25% within a year, but significant tariff hikes remain uncertain, says Ind-Ra. While telcos are better positioned for tariff increases, global trends show no major premium for 5G over 4G. Ind-Ra maintains a neutral sector outlook, noting investment peaks and potential market share shifts towards Reliance Jio and Bharti Airtel.
Airtel spends Rs 6,857 cr for 97 MHz of airwaves, mostly to renew permits; Jio picks up 14.4 MHz for Rs 973.62 cr
Airtel and Jio expand networks with new spectrum acquisitions, focusing on enhancing services for improved customer experience and increased coverage. Jio solidifies leadership position with the largest spectrum footprint, deploying advanced technologies for efficient bandwidth usage.
Disney reports small loss but sees improvement in streaming
Disney reported higher revenues Tuesday on a strong performance by its theme parks division and an improving streaming business, but a write-down in the company's India business resulted in a small loss. The entertainment giant cited Walt Disney World Resort, Hong Kong Disneyland and the company's cruise division as areas of strength in parks and experiences, but saw lower results at Disneyland Resorts.
5G spectrum auctions: Bharti Airtel likely largest bidder, govt mops up around Rs 11,300 crore
India's second 5G spectrum auction concluded around Wednesday noon after seven rounds, lasting just over a day, with the government collecting approximately Rs 11,300 crore. Bharti Airtel is likely the largest bidder, acquiring airwaves in the sub-GHz 900 MHz band as well as in the 1800 and 2100 MHz bands. Market leader Reliance Jio likely bought 5G bandwidth in the 1800 MHz band.
Jio-SES JV Orbit Connect gets IN-SPACe authorisation to enter satcom space
Orbit Connect India, a joint venture between Reliance Jio Platforms and SES, has obtained crucial landing rights and market access authorizations from IN-SPACe, India's space regulator. This move positions Jio against Bharti Enterprises-backed Eutelsat OneWeb, Elon Musk's Starlink, and Amazon's Kuiper in India's satellite communications sector. Jio is also seeking trial satellite spectrum from the DoT for advanced trials on its nationwide satellite broadband network, aiming for an early allocation to begin trials.
Auction of 5G spectrum worth over Rs 96,000 cr starts
India's second 5G spectrum auction began on June 25, 2024, with bids from Reliance Jio, Bharti Airtel, and Vodafone Idea. The auction, offering spectrum worth Rs 96,238 crore, excludes pricey sub-GHz bands. Analysts anticipate a low-key affair with modest government revenue, as telcos plan limited purchases.
Nita Ambani visits Kashi Vishwanath Temple, offers first invitation for Anant Ambani, Radhika Merchant's wedding
Ahead of Anant Ambani's wedding to Radhika Merchant, Nita Ambani visited the Kashi Vishwanath Temple to seek blessings and offer the first wedding invitation to Lord Shiva. The wedding is scheduled for July 12 at the Jio World Convention Centre in Mumbai. Pre-wedding festivities included a star-studded guest list, blending tradition with modernity, and featuring performances from global celebrities.
Rs 96,000-crore spectrum auction of 5G airwaves to kick off today
India's 5G airwaves auction starting Tuesday is expected to be subdued, with telecom giants having adequate holdings and low consumer 5G adoption. Analysts predict Reliance Jio, Bharti Airtel, and Vodafone Idea will collectively spend around Rs 12,500 crore, focusing on renewals and selective acquisitions. Interest costs for deferred payments are higher this year, with Airtel likely to be the top spender.
RIL Q4 Results: Profit falls 2% YoY to Rs 18,951 cr; board approves Rs 10/share dividend
Reliance Industries became the first Indian company to cross the Rs 1 lakh crore threshold in pre-tax profits.The company announced its quarterly earnings for January-March period on Monday. The oil-to-chemicals conglomerate recorded annual consolidated revenue of Rs 10 lakh crore, up 2.6% on a year-on-year basis. It also declared a final dividend of Rs 10 per share. Though the net profit declined by 2% to Rs 18,951 crore for the reported quarter, it exceeded the Street estimates which predicted PAT at Rs 18,227 crore.RIL Q4 Results: Profit falls 2% YoY to Rs 18,951 cr; board approves Rs 10/share dividend
RIL Q4 Scorecard: From earnings, dividend to key milestones, here are 10 top takeaways for D-Street
RIL announced record pre-tax profits, Rs 10 lakh crore annual revenue, 2% net profit decline, Rs 178,677 crore EBITDA, Rs 1,16,281 crore net debt, O2C & Jio growth, higher dividend, strong Retail performance.
RIL Q4 Results: Net profit falls 2% YoY to Rs 18,951 crore, yet beats estimates
RIL Q4 Results: Reliance Industries reported a 2% fall in net profit to Rs 18,951 crore for the March 2024 quarter. Revenue from operations surged 11% to Rs 2.4 lakh crore, with strong growth in EBITDA and various business segments.
Mukesh Ambani's fintech juggernaut starts rolling: The road ahead
Ambani's latest fintech business under Jio Financial Servics Ltd (JFSL) aims to ride on extensive consumer network as well the data Reliance has acquired. The tracks that consumers leave while shopping and using Reliance products and services will form a strong databank for JFSL.
Spectrum sale: Limited airwaves, huge investments discourage new entrants, say analysts
Analysts point to a lack of spectrum availability in key bands, coupled with high initial investment requirements of $16 billion for 5G airwaves and network rollouts, as key reasons why no new bidders have applied for the upcoming spectrum auction in Kolkata. Existing operators like Reliance Jio and Bharti Airtel have already deployed countrywide 5G networks, further deterring new entrants due to the significant costs involved.
Next disruption? Reliance’s JioMart to enter quick commerce space to take on Blinkit, Zepto and others
Reliance Industries, led by Mukesh Ambani, plans to enter India's quick commerce sector, aiming to compete with Blinkit, BigBasket, Instamart, and Zepto. Initially targeting 7-8 cities, JioMart aims to expand to over 1,000 cities. Unlike rivals, it will leverage Reliance Retail's network instead of dark stores. Goldman Sachs estimates the online grocery market at $11 billion, with quick commerce accounting for $5 billion, possibly affecting kirana store sales.
Vodafone Idea shares get big upgrade from UBS; stock up 5%
Global brokerage UBS upgrades Vodafone Idea to buy, setting target at Rs 18, citing potential relief on government dues and expected mobile price increase. Stock jumps over 5% to Rs 14.82.
RIL investors suffer Rs 1.27 lakh crore loss as stock ends 7.5% lower
Shares of RIL dropped 7.5% on BSE as NDA alliance's election results differed from exit polls, wiping off Rs 1.27 lakh crore from investors. RIL hit an all-time high of Rs 3,029 on June 3, with a market cap of Rs 20.44 lakh crore, now at Rs 18.9 lakh crore.
5G spectrum auction put off again till June 25
This is the second time the spectrum sale has been pushed back. It was originally scheduled on May 20, and was initially deferred to June 6, in the wake of the general elections. Now, mock auctions will be conducted on June 13 and 14, the DoT said in its official notification amending the auction rules. This time round, 5G airwaves in eight bands — the 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3.3 GHz and 26 GHz bands — worth over Rs 96,000 crore at base prices, will be on sale.
DoT defers spectrum auction to June 25
The Department of Telecom has postponed the spectrum auction to June 25, extending the start date by 19 days. The auction will cover eight spectrum bands with a base price of Rs 96,317 crore. Reliance Jio, Bharti Airtel, and Vodafone Idea are among the key players, with Jio making the highest earnest money deposit. The auction will use an EMD-based points system, and bidders will have the option to make payments over 20 years and surrender the spectrum after 10 years.
Telcos now targeting T20 cricket world cup to boost data usage, ARPU
Telecom companies are capitalizing on the cricket fever post IPL by launching low-priced data packs and bundled subscriptions for the upcoming World Cup to boost data usage and revenue per user.
Why Mukesh Ambani can't ignore a new consumer habit
Reliance Industries (RIL) chairman Mukesh Ambani is expanding the company's retail empire to include quick commerce services through JioMart. This move aims to compete with players like Blinkit and BigBasket, leveraging Reliance's extensive reach and resources. The shift towards quick commerce reflects changing consumer habits, favoring convenience and instant deliveries.
Don’t plan to get into IT stocks for next few months; play telecom via Reliance: Daljeet Singh Kohli
Daljeet Singh Kohli advises caution in the IT sector, preferring telecom, EV, and two-wheeler sectors for investments. Kohli says: "We do not believe IT companies are at the end of the tunnel. It will take some more time, especially the BFSI segment which is the mainstay for most of our IT companies. Unless that picks up, I do not think they will have too much to talk about in terms of numbers."
RIL to announce Q4 results, consider dividend on April 22
Reliance Industries Ltd to announce March quarter results on April 22, including potential dividend approval. Analysts anticipate profit decline and revenue growth. O2C business is expected to see refining throughput decline and GRM increase.
SMS makes a strong comeback as global firms shift away from WhatsApp
Global tech firms like Amazon, Google, and Microsoft have returned to using SMS OTPs in India after Meta's WhatsApp changed pricing and norms for international authentication messages. This has led to a 50-70% increase in monthly international SMS volume for telecom operators in India since March.
Under govt pressure, telcos begin trials of caller ID display service to curb spam calls
Telecom operators have started trials for caller ID services in Mumbai and Haryana following pressure from the government and TRAI. The CNAP service aims to display the caller's name during incoming calls to curb spam and fraud calls.
Anant Ambani-Radhika Merchant pre-wedding party pics leaked: Photos of fairy tale cruise soiree go viral
Anant Ambani and Radhika Merchant will get married on July 12 at the Jio World Convention Centre in Mumbai. Their wedding celebrations will last three days, starting with 'Shubh Vivaah,' followed by 'Shubh Aashirwad' on July 13, and ending with 'Mangal Utsav,' the wedding reception, on July 14.
Vodafone Idea prefers stock as payment for Nokia and Ericsson bills
The board of directors of VIL approved a preferential allotment of 1.66 billion equity shares at Rs 14.80 per share to Finland’s Nokia and Sweden’s Ericsson, for a total of up to Rs 2,458 crore, the company said in a statement Thursday. Nokia will invest up to Rs 1,520 crore and Ericsson up to Rs 938 crore. The issue price is 35% higher than that in the April follow-on offer (FPO) of Rs 11 a share and comes with a lock-in period of six months.
Jio Financial Services shares slump 3% ahead of Q4 results today
Shares of Mukesh Ambani-led Jio Financial Services declined 3% at Rs 372 on BSE in Friday's early tarde as the investors await the fourth quarter earnings’ result later in the day.
JSW Steel comes out with a new product for green energy space
JSW Steel is producing 'JSW Magsure', a zinc-magnesium-aluminium alloy coated steel product, to replace imports in India. The product, which had a demand of around 100,000 tonnes in 2023-24, is expected to reach 250,000 tonnes this year due to renewable energy. The company plans to supply 120,000 tonnes of JSW Magsure domestically and export the remaining 25,000 tonnes.
Modi 3.0: Industry seeks roadmap to cement India's lead in global digital arena, vows support
The Digital Infrastructure Providers Association (DIPA) has expressed full support for India's digital and telecom transformation under the new government, emphasising the need for a clear roadmap to solidify the country's leadership in digital infrastructure. DIPA highlighted the success of initiatives like Digital India and PM WiFi Access Network in enabling broad digital adoption, with Director General Tilak Raj Dua stressing the industry's readiness to collaborate with the government.
Mcap of 8 of top-10 valued firms jumps Rs 3.28 lakh cr; TCS, HUL, Reliance lead winners
Eight of the 10 most valued domestic firms together added Rs 3.28 lakh crore to their market valuation last week, with blue-chips Tata Consultancy Services, Hindustan Unilever and Reliance Industries emerging as the biggest winners. In an eventful week, the BSE benchmark jumped 2,732.05 points or 3.69 per cent.
These stocks resist market bloodbath to rally up to 4% amid election outcome jitters
Initial poll result trends triggered a market bloodbath but some stocks like HUL, Dabur, and DMart resisted the . NDA leads but may not get a strong majority. Market fell over 7%, with HUL gaining. Analysts predict more correction if NDA falls below 300 seats.
Telco EMDs for June 5G sale lowest since 2014 auction: Analysts
India's top telcos submit low earnest money deposits (EMDs) for the upcoming 5G spectrum auction, marking the lowest since 2014. Analysts suggest selective bidding, foreseeing maximum spectrum demand of $2.5 billion, far below previous auctions. Reliance Jio leads EMDs; Airtel and Vi likely focus on renewals and selective bidding for 5G rollout.
Another Ambani vs Mittal battle? A look into Airtel's African empire
Bharti Airtel's African venture has been a rollercoaster ride, starting with a bold move by chairman Sunil Mittal in 2008. Despite initial struggles, Airtel Africa has managed to establish a strong presence in 14 countries. Meanwhile, Mukesh Ambani's Reliance Industries is making inroads into the African telecom market with 5G infrastructure solutions. As Airtel Africa faces currency woes, the stage is set for a potential showdown between the two telecom giants.
Bidding wars back? Reliance Jio move signals a spectrum of possibilities
Mukesh Ambani's Reliance Jio leads with a Rs 3,000 crore deposit for the June spectrum auction, while Airtel and Vi follow with Rs 1,050 crore and Rs 300 crore, respectively. Despite no license renewals, Jio's hefty deposit earns it top eligibility points. The auction targets Rs 96,317.65 crore in 5G airwaves.
Shares of Jio Financial jumps 3% post Q4 results
Jio Financial Share Price: The reaction to the Q4 earnings can be seen today when the stock rose and hovered near its 52-week high of Rs 384.
Amazon acquires video streaming platform MX Player
Amazon has agreed to acquire MX Player to expand its video streaming services portfolio in India's market. MX Player will complement Amazon's Prime Video and MiniTV services. The deal values MX Player at $50-100 million.
Vedanta turns a money-spinner for investors. What's pushing it on?
Shares of Anil Agarwal-owned Vedanta Group, including Vedanta Ltd and Hindustan Zinc Ltd, have surged by Rs 2.2 lakh crore, doubling from their 52-week lows. Vedanta's growth exceeds other top Indian businesses like Reliance and Tata Groups. Brokerages have raised price targets on Vedanta, citing operational efficiencies and demerger prospects. Vedanta plans to invest $20 billion in India, focusing on technology and electronics. Agarwal aims to monetize the steel business to cut debt.
RIL's Mukesh Ambani set for African safari with 5G tech solutions
Radisys, a company owned by RIL's subsidiary Jio Platforms Ltd (JPL), is collaborating with Tech Mahindra and Finland's Nokia, to team up with Next-Gen Infrastructure Co. (NGIC). NGIC, in which the Ghanaian government, Ascend Digital, and K-Net have equity stakes, is positioned as the first neutral 5G shared infrastructure provider in Africa. The company's initial focus will be on offering 4G and 5G network support in Ghana before expanding its services across the continent.
Vodafone Idea must clear Indus Towers dues to avail tower company's new services: Sunil Mittal
Bharti Airtel chairman Sunil Mittal emphasized that Vodafone Idea must settle all past dues with Indus Towers to access new services like 5G. However, Mittal mentioned that the Indus board will remain flexible with its decisions even if Vi makes a significant payment and provides a schedule for the remaining amount. Airtel is a major stakeholder in Indus Towers.
This large-cap mutual fund gave 16% returns in 3 years; should you buy?
SBI Blue Chip Fund: The fund has seen a leadership transition, with its seasoned fund manager passing the reins to a new successor. The previous fund manager had an unwavering focus on quality, supplemented with a buyand-hold approach. While the new fund manager will retain the quality tilt, he intends to incorporate the momentum strategy, which could bring in some churn in the portfolio.
Jio Financial Services shares rise over 4% on inclusion in Nifty Next 50
Other than Jio Financial, Adani Power, Indian Railway Finance Corporation, Power Finance Corporation, and REC have been included in the Nifty Next 50 index, while Adani Wilmar, Muthoot Finance, PI Industries, Procter & Gamble Hygiene & Health Care, and Shriram Finance have been excluded.
Reliance Jio Q3 Results: Net profit rises 12% YoY to Rs 5,208 crore
Quarterly ARPU (average revenue per user), a key performance metric, though, remained flat sequentially at Rs 181.7 for India’s largest telco by subscriber base.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 189.41 points up at 22336.4
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 102.5 points up at 22249.5
TRADERS’ CORNER: This largecap stock ready for 4% swing and PSU banks set to rise 7%
The markets closed at a lifetime high with the Nifty 50 index gaining 66.70 points (+0.29%). An energy major is set for an upmove post consolidation. RELIANCE stock may break out. Bank of Baroda Ltd eyes a breakout. Milan Vaishnav and Foram Chheda provide technical analysis.
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 189.41 points up at 22336.4
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 102.46 points up at 22249.45
Airtel's $100b market capitalisation reflects a stable economy under a solid leader: Sunil Mittal
Sunil Bharti Mittal, Chairman of Bharti Enterprises, emphasized that Airtel's resurgence post the challenges posed by Reliance Jio's entry and the AGR ruling showcased India's stable economy and supportive policies under strong leadership. Reflecting on Airtel's path to the $100-billion milestone, Mittal highlighted the company's resilience amidst industry disruptions. He noted that Airtel's achievement as the first-generation Indian company to reach this milestone was significant, especially considering the competitive landscape.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 39%
Yesterday, all thanks to news reports that change in tax laws might be getting tweaked, once again bears were spotted on the street. Though by evening, all those reports were denied by the government. The fact is that because valuations are high the extent to damage was higher. There is a probability of a selective correction taking place, which is essentially led by the profit booking. At this time if one is looking to increase exposure, it would be better that they should look for stocks where there are some improvements in the business operating matrix that tend to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Reliance Jio and Airtel's net worth surges ahead of 5G auction; Vodafone Idea struggles
Reliance Jio and Bharti Airtel's net worth has seen significant improvements since the last spectrum auction in August 2022, while Vodafone Idea's negative net worth has widened. The upcoming auction on June 6 will see the three telecom players competing for Rs 96,317.65 crore worth of 5G airwaves. Reliance Jio's net worth as of March 31, 2023, was Rs 2,15,992 crore, Airtel's net worth rose to Rs 86,260 crore by December 31, 2023, and Vodafone Idea's net worth registered a negative of Rs 1,16,886 crore.
Jio Financial crosses Rs 2 lakh crore barrier as share price jumps 22% in 1 week
Shares of Mukesh Ambani's Jio Financial Services rallied 14.5% to a fresh peak of Rs 347, crossing the Rs 2 lakh crore market cap mark. Jio may acquire Paytm wallet business. Jio Payments Bank operates with digital savings accounts, bill payments, and debit cards. Jio launched Jio Voice box, implemented QR codes, and conducted sandbox for loans.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 152.06 points down at 21995.85
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 123.2 points down at 21872.65
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 67.65 points up at 22215.55
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 152.06 points down at 21995.85
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 52.25 points up at 22200.15
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 98.3 points up at 23967.1
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 83.25 points down at 22189.25
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 124.6 points down at 22147.9
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 85.8 points down at 22186.7
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 147.5 points up at 23868.8
Technical Breakout Stocks: How to trade Justdial, Jio Financial Services and Bharti Airtel on Friday
Indian market closes red for the fourth consecutive day, with S&P BSE Sensex falling over 450 points and Nifty50 below the 22,000 mark. Telecom stocks rise, while consumer durables and energy witness a decline.
Jio Financial, BlackRock enter into JV for wealth management, broking businesses
Jio Financial Services has signed an agreement with BlackRock Inc. and BlackRock Advisors Singapore Pte. Ltd. to form a 50:50 joint venture with Blackrock. The launch of the wealth management and broking businesses is subject to regulatory and statutory approvals.
Reliance Jio, Airtel and Vodafone Idea submit applications for upcoming Rs 96,317 crore spectrum auction
India's three private telecom operators, Reliance Jio, Bharti Airtel, and Vodafone Idea, are set to bid for a piece of 5G spectrum worth Rs 96,317.65 crore in the next auction, set to start on June 6. The auction will cover airwaves in various bands, with the government expected to make some selective buying. The auction is expected to be a muted affair, with top telcos having sufficient 5G airwaves for their current needs.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 148.21 points down at 22371.2
