Archive for January, 2018

Reliance Jio Offers More Data and Announces 100% Cashback

January 19, 2018

Mukesh Ambani owned Reliance Jio has updated its INR 153 plan to offer more data benefits.

The plan, referred to as the telecom operator’s ‘affordable plan,’ now offers 1GB 4G data per day with a validity of 28 days. It lets users make unlimited voice calls and send 100 SMS every day.

Plan for JioPhone users

Mukesh Ambani had earlier introduced this plan at the Reliance Industries Limited (RIL)’s 40th Annual General Meeting (AGM). It is specially designed for JioPhone users. Initially, the plan offered unlimited calling benefits along with 500MB 4G data per day. Ambani stated that with this all unlimited Jio Dhan Dhana Dhan plan, he is bringing unaffordable data to an end.

Along with the INR 153 plan, Reliance Jio had released two sachet packs. These are priced at INR 24 and INR 54 and offer 500MB 4G data per day with unlimited calling for a period of two and seven days, respectively. The company has not made any changes to these plans.

About JioPhone

JioPhone is the first-ever 4G Voice over Long-Term Evolution (VoLTE) feature phone introduced in India. The phone supports Wi-Fi, Bluetooth, and Near-Field Communication (NFC), too.

It comes with a 2.4-inch QVGA display. The phone operates on KaiOS and a battery capacity of 2,000mAh. It has a 512MB RAM and a 2MP rear camera and is powered by 1GHz dual-core processor.

JioPhone has a user-friendly interface that supports 22 Indian languages. Some of the other features of the phone include access to Jio apps, personal voice assistant, and connectivity to smart TV, among others.

Reliance Jio’s cashback offer

After the end of its Surprise Cashback offer on 15th January, Reliance Jio has again announced a new offer. The company is now giving cashback up to 100 percent to its Prime members.

Under this offer, Reliance Jio will give cashback vouchers worth INR 400 on recharges made of INR 398 and more. This cashback will be given in the form of eight vouchers worth INR 50 each. Users may use the vouchers one at a time. The offer is valid for customers recharging their numbers between January 16th and January 31st.

Users recharging through different mobile wallets will enjoy additional cashback up to INR 300. Amazon Pay users get INR 50 as cashback. MobiKwik offers INR 300 as cashback. It is also providing a SuperCash hotel voucher worth INR 2,500 to Jio users.

Jio users recharging through PhonePe enjoy INR 75 as cashback and those recharging through FreeCharge get INR 30 as cashback. Mobile wallets like Paytm and BHIM Axis Pay are offering separate offers to new and existing users. New users get INR 50 and existing ones get INR 30 cashback on Paytm. BHIM Axis Pay is giving INR 100 to new customers and INR 30 to the existing ones.

Mukesh Ambani led Reliance Jio is known for providing discounts and cashback offers to its users. In December 2017, the telecom operator was offering a cashback up to INR 3,300 on recharges of INR 399 and more.

Summary

Reliance Jio offers more data on its INR 153 plan and announces 100 percent cashback offer.

Reliance Jio to Record a Profit this Quarter

January 12, 2018

Mukesh Ambani owned Reliance Jio to announce a report of its December quarter performance and is expecting to record its first-ever quarterly profit.

Reliance Jio’s profits of this quarter

The October to December quarter is going to be Reliance Jio’s first profitable quarter. This important financial milestone of the company is coming in less than 18 months of its launch. Jio entered the telecom market of India with free services provided to the customers, which triggered a tariff war in the sector.

According to some analysts, the reason behind Jio being closer to seeing profits is because of the shakeout in the telecom industry. This has brought down a number of serious players in the industry.

At the Hindustan Times Leadership Summit, last year, Mukesh Ambani, ame out with a warning for its rivals. He had announced that Reliance Jio is on its way to making profits.

July to September quarter of Jio

A pre-tax profit was reported in the July to September quarter by Reliance Jio. The profit was of INR 261 crore, which was its first-ever operating profit on standalone revenues of almost INR 6,147 crore. Though for the three months till September, Reliance Jio also faced a net loss of INR 270.5 crore.

Last year in September, the Telecom Regulatory Authority of India (TRAI) reduced the interconnect charges for mobile calls to 6 paise from 14 paise. This led to a big blow for the older telecom companies and resulted in a potential boost for Reliance Jio.

Launch of Jio

It has been more than a year now when Ambani launched the fourth-generation wireless service, Jio. It disrupted the telecom market by offering data at cheap dirt prices and free calls on mobile phones. The older players of the telecom market were forced to cut down the prices of their data. Jio offered free voice calls and SMS, which were still not free on other telecom operators. This has helped the company to attract 160 million customers.

Mobile data consumption

The mobile data consumption in India has gone beyond the data consumption of the United States and China combined, in 2017. According to Ambani, the data consumed by Jio users is nearly more than the entire data consumption of the United States and 50 percent more than China. India has become the top country in the world for the usage of mobile data. He also said that it is with Jio that Indian customers are consuming 100 crore GB data monthly, which is more than 3.3 crore GB data daily.

2017 was a year of alteration and bitter competition in the telecom industry. With the demand of data fuelling the digital economy, 2018 might be the growth year for the telecom sector. According to reports from the Press Trust of India, it is estimated that an investment of around INR 3 lakh crore will be made in the coming two years.

Summary
Mukesh Ambani led Reliance Jio is set to announce its first-ever quarterly profit for the October to December quarter.

Reliance Retail to Expand its Electronic Arm under Reconnect

January 5, 2018

The retail arm of Mukesh Ambani owned Reliance Industries Limited (RIL), Reliance Retail is extending its arm into the electronics segment. The new devices will be launched under the Reconnect brand.

Reliance Retail’s Reconnect

Reliance Retail has witnessed success for products like television sets, blenders, mixers, and computer mouse. Post this, the company is now planning to launch devices like tablets, dongles, cameras, and electronic wearables under the same Reconnect brand. The company will sell these products through its Reliance Digital and online stores.

As per a report, the tablets are in pilot phase. The employees of the company are testing its usability.

Industry chamber, Assocham and NEC Technologies released a combined study in June 2017. This study revealed that the electronics market in India is expected to grow at a Compound Annual Growth Rate (CAGR) of 41 percent for three years. According to the report, the market will cross USD 400 billion by 2020.

Reliance Retail’s business-to-business expansion

In December 2017, the company announced that it is looking forward to expanding its business-to-business foray in the retail market by the distribution of white goods, Fast Moving Consumer Goods (FMCG), and apparel directly to grocery stores and neighborhood. With this, RIL is aiming to capture a larger share of the market.

Reliance Retail has already informed the vendors that it will begin the trail distribution of apparel from early 2018. By April, it will expand this into white goods and FMCG. According to an executive, the company will begin distribution with its private brands and eventually expand into mainstream brands.

The company will utilize the Jio network for facilitating the expansion. Local shops and grocery stores will receive payments through the platform of JioMoney. The company will also offer extra help to small stores in the form of financial support, GST solutions, merchandising operations, and managing an efficient supply chain. An executive informed that Reliance Retail will initiate the distribution business in 10,000 towns and cities where Jio has already marked its presence.

RIL’s mobile phones

RIL sells smartphones under its LYF brand and the JioPhone under its Jio brand. It began the sale of LYF phones in January 2017. These phones are available on Reliance Digital outlets, Digital Xpress stores, and its official website—mylyf.com

The LYF phones have four variants—Earth, Water, Flame, and Wind. It is expected that the company may introduce more variants in the coming time.

In August 2017, the Mukesh Ambani led company introduced JioPhone, the only 4G feature phone in India. This phone is available at a refunded amount of INR 1,500. The company will refund this money when the user returns this phone after three years. This feature phone has a large screen. It lets users enjoy 4G data and make 4G VoLTE calls. It also allows access to a number of Jio apps.

The monthly plan for the JioPhone is priced at INR 153. It offers free voice calls and 500MB 4G data per day. A weekly plan of INR 54 and a two-day plan of INR 24 are also available.

Summary

Reliance Retail will expand into electronics segment by selling cameras, dongles, tablets, and wearables under its Reconnect brand.