Bharti Airtel: Just one day after market leader Reliance Jio implemented a tariff hike across the board, Bharti Airtel stated on Friday that it would be raising mobile rates by up to 20% as of July 3. The telecom provider revealed new rates that indicate unlimited calling plans will cost 11–20% more in both the…
Mukesh Ambani Mukesh Ambani, the richest man in Asia, is planning to launch a telecom business in Africa to gain mobile broadband users in a rapidly expanding market. According to Harkirit Singh, the executive director of NGIC, Ghana-based Next-Gen InfraCo will receive critical network infrastructure, apps, and smartphones from Radisys Corp., a division of Ambani-controlled…
Reliance Jio Q4 results: On Monday, Reliance Jio Infocomm announced a 13.17% increase in its fourth-quarter profit for FY24, attributed to continuous growth in subscriber numbers. Jio operates as the telecom arm of Reliance Industries Ltd (RIL). The telecommunications provider reported that its net profit rose to Rs 5,337 crore in the January-March quarter, up…
The Vodafone Idea FPO will close on Monday, April 22. It began for subscriptions yesterday, Thursday, April 18. On the first day of the share offering, 26% of the Vodafone Idea FPO subscription status was made up of non-institutional investors and qualified institutional buyers (QIBs). According to BSE statistics, retail investors only bid for 6%…
Jio Financial shares: On Wednesday, shares of Jio Financial Services Ltd experienced a 5 percent decline, reaching a low of Rs 335.65. This marks a 10.37 percent decrease from its peak of Rs 374.50, which was observed on March 12th last week. In a recent filing with the exchange, the company announced that it has…
Mukesh Ambani: India and Asia’s wealthiest individual witnessed a $2.8 billion increase in wealth on Thursday, reaching $101.8 billion. This surge is attributed to a 2.6% rise in the shares of his flagship company, Reliance Industries Ltd., closing at a record high. Notably, this marks his return to the $100-billion club for the first time…
