LIVE UPDATES – Mukesh Ambani launches Reliance Jio at RIL AGM

Mukesh Ambani, Chairman of Reliance Industries, is speaking to shareholders at the 42nd annual general meeting of the company today. The following are the key points of his speech. This is a live updated feed of the most important parts of his speech as regards the commercial launch of Reliance Jio. Please refresh this page […]

WATCH LIVE: Mukesh Ambani at Reliance Industries AGM to unveil Jio plans and tariff details

Taking a cue from other consumer-facing brands, Reliance Industries has decided to provide live streaming of Mukesh Ambani’s much expected speech at the company’s annual general meeting on Thursday. NOTE:THIS IS FROM SEPTEMBER. GO TO THIS PAGE FOR TODAY’S SPEECH The live transmission of the speech “will go LIVE tomorrow as soon as RIL’s CMD Shri Mukesh […]

Reliance Jio extends preview offer to corporate employees

Reliance Jio, the start-up telecom operator led by Mukesh Ambani, has now started giving SIM cards with its three-month preview offer to corporate employees, according to people who have received such connections. “It is three month unlimited and all employees got it,” said a person working in a Mumbai-based financial services company. This marks an […]

Reliance Jio preview offer runs into activation delays as outlets swamped with CAFs

While long lines of people queuing up outside Reliance Digital outlets for preview SIM cards may be good news for Jio, it has also meant long delays in activation of these cards. At least some Reliance Digital outlets are unable to cope with the huge demand and are struggling to process and scan the documents […]

Will Ambani announce Reliance Jio tariffs, MNP launch on Thursday?

With only three more days to go before Reliance Industries chairman Mukesh Ambani makes his once-in-a-year speech to his shareholders, there is strong expectations that Reliance Jio — the group’s telecom arm — will make its commercial launch date and other details public on the day. Ambani typically uses Reliance Industries’ annual general meeting (AGM) […]

India steps into a new mobile payments revolution with IMPS version 2.0

21 banks in India, including Andhra Bank, Axis Bank and Bank of Maharashtra, are introducing the upgraded form of India’s pioneering immediate payment service (IMPS) starting today. Under the new form of IMPS, users will be able to send money using proxy addresses instead of full bank account details, thus making instant money transfer across banks […]

Airtel claims to have fixed 30,000 towers using ‘open network’ initiative

Bharti Airtel said it has optimized 30,000 base stations on its network and upgraded 9,000 sites as a result of feedback from customers via its open network initiative. Under the ‘open network’ project, Bharti Airtel allows its customers to see where their nearest towers are, and even offer cell sites on rent to the company. […]

Vodafone launches 4G in Haryana; UP-East, Gujarat and West Bengal to follow

Vodafone India, one of India’s leading telecommunication services providers, launched its 4G service in Haryana, starting with Karnal and Panipat. The service will be rolled out across Haryana over the next few months, the company said. As part of the promotions, customers buying greater than 1GB packs will get twice the data allowance and unlimited […]

Vodafone to buy Idea Cellular? NSE seeks clarification after TV report

The NSE has sought clarification from Idea Cellular after television channel CNBC TV18 reported that the company was in preliminary talks with Vodafone to merge its operations. “Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company […]

FREE SIMS for EVERYONE: How Reliance Jio totally sandbagged Bharti Airtel, Idea Cellular via its preview offer

Today, Reliance Digital stores across the country are seeing long queues of customers waiting to get free SIMs with three months of unlimited data and voice calls. “We are taking about half an hour to complete the process for each person,” said an employee at a Digital store in Kerala. “There are customers waiting. Please be […]

Singtel buys stake in Bharti Airtel from Temasek

Singtel today entered into conditional share purchase agreements with Singapore’s sovereign investment firm Temasek to acquire 7.39% of Bharti Telecom — the holding company of Bharti Airtel — and 21% of Intouch Holdings — which holds stake in Thailands’ biggest mobile operator — for a total consideration of S$2.47 billion. Intouch is the biggest shareholder […]

Bosch Security Technology increases India R&D investment

Bosch India’s Security Technology business unit says it has expanded its product portfolio to suit its local customers and is increasing its investment for local research and development by around 30%. The company has localized production of products like amplifiers, speakers and conference systems. Localization helps it offer speakers and other products for the public […]

Bharti Airtel completes Aircel 4G spectrum purchase in 7 out of 8 circles

Bharti Airtel said it has completed the purchase of 2.3 GHz 4G spectrum from Aircel Cellular in 7 out of the 8 circles mentioned in an agreement between the companies earlier this year. These seven circles are Tamil Nadu, Bihar, Jammu & Kashmir, West Bengal, Assam, North East and Orissa. With this, only the transaction […]