Reliance Industries Limited (RIL) announced its consolidated and standalone unaudited financial results for the quarter ending September 30, 2024, showing mixed performance across its diverse business segments. The company reported a consolidated revenue of ₹ 2.58 trillion ($30.8 billion), which remained stable year-on-year (YoY), with improved volumes in the Oil-to-Chemicals (O2C) business and increased revenue […]
In its latest quarterly results, Jio Platforms Limited (JPL), a subsidiary of Reliance Industries, reported a significant 10.6% year-on-year revenue increase, reaching ₹ 31,537 crore. The EBITDA also saw a 12.6% rise from the previous year, standing at ₹ 13,528 crore. Data Traffic & Subscriber Growth One of the key highlights for Jio this quarter […]
Jio Platforms Limited, a subsidiary of Reliance Industries, plans to establish a state-of-the-art, cloud-based AI compute infrastructure in India, in collaboration with technology giant NVIDIA. The undisclosed deal aims to position India as a burgeoning force in the artificial intelligence (AI) domain. This new AI cloud infrastructure is designed to provide accelerated computing and secure, […]
Jio Platforms Limited, a flagship subsidiary of Reliance Industries Limited, unveiled its latest Jio prepaid plans offering bundled Netflix subscriptions. This landmark announcement extends the Netflix offering, previously available exclusively for select Jio Postpaid and Jio Fiber users, to Jio’s extensive base of over 400 million prepaid customers for the very first time. Highlighting the […]
Radisys Corporation, a prominent player in open telecom solutions and subsidiary of Jio Platforms Limited, announced its successful acquisition of Mimosa Networks, Inc. from Airspan Networks Holdings Inc. (NYSE American: MIMO). With the acquisition, Radisys fortifies its market positioning. Mimosa brings to the table a comprehensive array of point-to-point and point-to-multi-point connectivity solutions that utilize […]
Reliance Industries Limited (RIL) has announced plans to invest alongside Brookfield Infrastructure and Digital Realty in the development of data centers in India. The Indian conglomerate will acquire a 33.33% stake in each of the Indian Special Purpose Vehicles (SPVs) for the project, making Reliance Industries Limited an equal partner. Digital Realty Trust, the world’s […]
In a milestone step towards their ‘2G-Mukt Bharat’ vision, Reliance Jio has unveiled the ‘Jio Bharat’ phone platform, aiming to uplift the digital capabilities of India’s existing 250 million feature phone users. This new platform capitalizes on device and network capabilities to provide internet-enabled services on entry-level phones, thereby democratizing digital services. Other phone brands, […]
Reliance Industries said that Reliance Jio Infocomm, a subsidiary of Jio Platforms, has launched its True 5G services in 27 towns and cities across 13 states/union territories in India. With the announcement, Jio becomes the first telecom provider to bring new-generation True 5G technology to most of these cities, laying the foundation for a brand […]
Reliance Industries Limited (RIL) has reported a 0.6% increase in its net profit for the quarter ended 31 December 2022 (3Q FY23) to INR 17,806 crores, compared to INR 17,703 crores in net profit for the same period in the previous fiscal year. The diluted earnings per share (EPS) of Reliance Industries Limited for the […]
Reliance Jio Infocomm, a subsidiary of Jio Platforms, has launched Jio True 5G services in six more cities in Tamil Nadu (TN), which include Coimbatore, Tiruchirappalli, Madurai, Hosur, Salem, and Vellore. The Reliance Industries company has taken the total number of Jio True 5G cities to 101 across India. Jio Platforms is said to have […]
