Archive for the ‘Mukesh Ambani’ Category

Reliance Jio Introduces Transaction Option on JioChat and Plans to Integrate JioMoney with Uber

February 21, 2017

Mukesh Ambani led Reliance Jio has joined hands with Uber to integrate its mobile wallet app, JioMoney, with the cab service. Users will soon be able to use JioMoney to pay for their Uber rides. The companies announced the partnership in a prepared statement. Currently, only Paytm is used for making Uber payments, which will continue even after JioMoney is integrated.

The Business Head of JioMoney, Anirban S. Mukherjee stated that JioMoney is an important addition to the Jio ecosystem, with the app becoming one of the most preferred options for facilitating digital transactions. According to him, JioMoney’s integration with Uber will increase the number of transactions made via the digital platform.

Madhu Kannan, Chief Business Officer (CBO) for Uber India and emerging markets said that the new JioMoney payment option will enable users to enjoy a familiar and consistent payment experience. He stated that Uber aims to boost digital solutions for Indian users through the partnership.

JioMoney’s integration with JioChat

Reliance Jio has simplified the digital payment process with the introduction of a new feature on its wallet application. The company integrated the JioMoney app with its messaging service, JioChat. Reliance Jio users will now be able to make instant online payments using JioChat.

Mukesh Ambani led Reliance Jio announced the launch of the new feature on its official Twitter handle with a short video explaining how the service functions. The feature can be accessed by JioMoney users only.

With the integration of these two apps, JioChat has become one of the few messaging services that offer money transfer facilities via chat in India. Apps like Facebook Messenger, WeChat Pay, and SnapCash offer such services outside India.

Process of using the feature

Once the JioMoney wallet is integrated with the JioChat app, users will be able to transfer money to any of their contacts. To send money, users will have to open the chat window of the person they want to transfer money to and then click on the Rupee icon to enter the amount that needs to be transferred. Users will see their JioMoney balance below the text box. A tap on the send button will complete the transaction.

Linking JioMoney with JioChat 

To enjoy the new money transfer feature, a user has to link JioMoney and JioChat. Both the apps need to have the same mobile number registered. To link the apps, the user needs to go to the account section of the JioMoney app and select ‘Payments’ option. Thereafter, he will have to click on ‘More’ and then on ‘Link’. An OTP will be sent to the registered number. The accounts will be linked once the OTP is verified.

Alternatively, a user may link the accounts directly while transferring money. After entering the amount and tapping send, an OTP will be generated. Once the OTP is authenticated, the transfer will be made and the accounts will be linked.

Users also have an option to unlink the accounts if they want to. They can do so by tapping the ‘Payments’ section of the JioMoney app and selecting ‘Unlink Account’. A click on ‘JioMoney Account’ will then unlink the services. 

Summary

Reliance Jio users will soon be able to make payments for Uber rides using the JioMoney app. Besides, the company has introduced a new feature to enable digital payments through chat by linking JioMoney and JioChat.

Mukesh Ambani Offers Advice to Entrepreneurs at the Nasscom Forum and Also Highlights Corporate Lessons Taught by His Father

February 20, 2017

The Nasscom Leadership Forum, 2017 held in Mumbai witnessed a number of well-known personalities in attendance. Among them was the Chairman of Reliance Industries Limited (RIL), Mukesh Ambani. He took the opportunity to share his views on entrepreneurship at the event.

Ways to operate a successful business

The well-known industrialist spoke about the importance of being more careful while handling investors’ money compared to one’s own. He also stated that receiving support from the right team and focusing on long-term growth instead of immediate financial returns could contribute towards successful entrepreneurship.

Mukesh Ambani’s corporate journey

At the Nasscom Forum, Mukesh Ambani shed light on his journey as an entrepreneur besides sharing with the audience important factors that helped shape him into a successful industrialist. Mukesh Ambani mentioned that it was his father, Dhirubhai Ambani, who taught him the first lesson in business. He elaborated that his father emphasized on managerial skills. He recalled his father telling him that entrepreneurs always figure out what they eventually wish to do.

Importance of emphasizing on societal benefits

Mukesh Ambani further spoke on how an entrepreneur should first focus on identifying problems that concern them. He stated that once such issues have been identified, the solutions to the same could be found. Besides this, he emphasized that solutions to a specific problem must impact the society in a positive way instead of being solely focused on the financial returns. Mukesh Ambani added that RIL constantly aims to direct its operations in a way that benefits society. According to him, concentrating mainly on financial gains may not help an entrepreneur find solutions to problems that he is truly passionate about.

Using failures as stepping stones to success

Mukesh Ambani also gave advice on how failure in business should be used as a means to learning from past mistakes. He added that failures are completely normal and one should not be disheartened over them or go to the extent of giving up on a long-cherished dream.

With regard to running a business successfully, Mukesh Ambani stated that ensuring a team realizes the leader’s vision is important. Since an entrepreneur influences the team to a large extent, Mukesh Ambani believes that it is crucial for the leader to be optimistic. He added that entrepreneurs play an important role by spreading positive energy, which is a mark of a good corporate leader.

Reliance Industries Limited is making news with its massive telecom venture, Reliance Jio. Exemplary for its customer-centric approach, Jio focuses on empowering Indians with the power of data. The telecom operator’s budget-friendly 4G services have managed to reach out to a large part of India’s population. In just a few months of its launch, Jio managed to garner more 72.4 million customers, with its subscriber-base still growing at an exponential rate.

Summary

At the Nasscom Leadership Forum, 2017, Mukesh Ambani spoke about entrepreneurial lessons he learnt from his father. He also gave advice to entrepreneurs regarding ways through which they could make their business succeed.

Jio Has Contributed over 16.2 Million Users to India’s Telecom Subscriber Base

February 3, 2017

India is experiencing a revolutionary transformation in the digital sector. The country even recorded a growth in telecom subscriber base by 21.02 million towards the end of November 2016, owing to Reliance Jio’s massive telecom venture.

Jio responsible for boost in country’s telecom subscriber base

While the number of subscribers in October 2016 was 1,102.94 million, in November 2016, this number shot up to 1,123.96 million, according to a Telecom Regulatory Authority of India (TRAI) report. Therefore, as per the increase in subscribers, the monthly growth rate was recorded at 1.91%. The number of mobile subscribers in India also rose to 1,099.51 million in November 2016 as compared to the previous month’s 1,078.42 million. This large-scale increase in the number of subscribers was attributed to Jio’s active operations in the telecom sector. Mukesh Ambani led Jio has been regarded as one of the biggest contributors to the growing number of telecom customers in India, with the brand adding more than 16.2 million users in November 2016. In only three post its launch, Jio managed to increase its subscriber base to a whopping 51.87 million, owing to its effective marketing strategy and superior 4G services. The company is now a leading brand in the mobile broadband sector.

Social networking platform, Facebook, benefits from Jio

Leading social networking platform, Facebook has also benefitted from Jio’s massive 4G roll out, which was evident in the former’s fourth quarter earnings. Jio’s free 4G services led to a large number of subscribers adopting the facilities and consequently increasing their usage of apps like Facebook. In terms of user base, Facebook stated that India has been the social networking app’s strongest growth market.

David Wehner, the CFO of Facebook, revealed that the company’s growth in Asia mainly witnessed a boost because of the free data services offered by Jio in India. He stated that the promotional free offer launched by the telecom brand considerably impacted Facebook’s revenues. Jio, which was launched in September 2016, made its foray with a preview offer that gave users access to free data services and apps for three months. These services were then extended for another three months with the Jio Happy New Year Offer.  Additionally, the brand even made voice calling free for a lifetime. Jio’s marketing strategy even compelled incumbent operators to reduce their tariff plans as well.

Towards the end of the fourth quarter, Facebook recorded 165 million monthly users in India. This is being considered as the largest user base of the platform anywhere in the world after the United States. Facebook witnessed a year on year consumer base growth rate of 18%. In this regard, out of the 1.23 billion active users worldwide, 396 million have been from Asia.

Recently, a study by mobile analysis application, Smartapp, revealed that platforms like Facebook have profited the most from Mukesh Ambani led Reliance Jio’s telecom services. The analysis even found that ever since Jio’s free promotional offer was rolled out, the login rate for Facebook rose to 467%.

Summary

Reliance Jio’s performance in the industry has contributed largely to the total number of telecom subscribers in India, according to TRAI.

42% of Users Have Made Jio Their Primary Data Connection

January 30, 2017

Since Reliance Jio’s launch in September 2016, it has been marching forward in the telecom industry. The brand immediately established itself in the market with its free data, apps, and voice calling services, which provided users the freedom to test the Jio network before subscribing to the brand’s paid services. After the free welcome offer, the telecom operator went on to extend the same services until the end of March 2017 with the Jio Happy New Year Offer. This not only gave users additional time to enjoy Jio’s superior 4G services but also contributed to the brand’s expanding customer base.

Primary data network of several consumers

Recently, research conducted by a consumer mobile analysis application revealed that Jio is now the preferred choice as the primary data network carrier for about 42% of customers. In comparison, other leading operators have only managed to garner less than 18% of consumers each. Apart from this, Jio has also surpassed data consumption rates of incumbent operators by recording an average of 6.54 GB per user. The app attributed this success to Jio’s free offers, which granted users access to free data and applications. Mukesh Ambani led Reliance Jio also became the first telecom provider in India to remove all charges associated with voice calling for a lifetime.

Impact on content consumption

According to the findings in the analysis, the data consumption in metros and non-metros have grown by 6 GB and 5 GB respectively in the past months, owing to the affordable services available across the country. Users have been motivated to adopt these facilities mainly to access platforms like YouTube and Facebook, among other reasons. Reports have indicated that social apps are the most popular amongst consumers. This segment has received a 467% boost. Video streaming apps have also experienced a large demand, with a growth of 336%. The findings of the report even stated that music, sports, and news content consumption has received an impetus since the launch of Jio’s 4G services.

Change in India’s digital scenario

Chief Operating Officer of Smartapp, Gaurav Sarin elaborated on the data consumption habits and usage of users in recent times. According to him, the easy availability of affordable data services could bring about digital transformation in the country on a large scale. This will not only enable a wide segment of the population to access such services but also propel the growth of the government’s Digital India initiative.

Mukesh Ambani led Reliance Jio has starkly transformed the digital sector across India. With its range of achievements since the launch, the telecom operator is now on its way to dominating the market. Its reliable and affordable services have largely affected the data usage habits of millions across the country. The brand now has around 72 million users who access its extensive pool of services on a daily basis.

Summary

About 42% of consumers across India have opted for Reliance Jio as their main data network carrier, according to a report by a mobile analysis app.

Jio Set to Enter the Automobile Telematics Industry with the Launch of a New Device

January 20, 2017

Mukesh Ambani led Reliance Jio’s 4G services have garnered a positive response across the country, with the brand drawing close to 72.4 million customers on its network. The telecom operator, however, intends to keep up the progress and continue to develop its services. Jio will now be making a foray into automobiles telematics by launching a device, which will be capable of sending alerts to the driver and controlling certain functions of a vehicle.

Device to control functions in car

The device to be launched by Jio could update the driver about details like battery and fuel with the help of a mobile application. The device will also have a host of other features. It would be capable of immobilizing a car during a theft, creating Wi-Fi access within the vehicle, locating its whereabouts, and even alerting the car’s owner about movements. Additionally, the owner will be able to control the car’s AC from any remote location and also receive information on how the driver is steering the vehicle. As per an industry source, the device will function on a Jio SIM card.

Jio has already initiated preparations for the device’s launch by talking to several automobile companies.  As per a source, the expected price of this Jio device will either be the same as the brand’s Rs. 2,000 worth portable Wi-Fi device or lesser than that. However, various other factors are also likely to determine its pricing.

Manufacturing of the device

Initially, the hardware device is expected to be imported from China. However, Jio itself has internally developed the mobile app as well as the device. Jio’s device vendor will be manufacturing more of these devices in India post the initial roll-out.

About the JioHealthHub app

Recently, Jio launched its health and fitness app called JioHealthHub. This app will allow users to keep a check on their health by uploading data concerning their health. Additionally, they could share their lab reports, medical bills, and prescriptions with family members and care providers. Users would be able to maintain their personal medical profile as well and gain access to their health charts.

Jio has partnered with several hospitals and labs for this app. Therefore, through this app, users are able to gain access to information concerning their specific test reports for reference at any time. To further enhance the functionality of the app’s health charts, Jio will be adding more support in order to track several parameters. As per Google Play data, JioHealthHub has already witnessed around 5,000 to 10,000 downloads.

Mukesh Ambani led Jio is currently offering free data services and apps through the Jio Happy New Year Offer until 31st March 2017. Apart from JioHealthHub, the brand also has a range of other applications like JioMoney and JioMusic. JioMoney allows users to make cashless transactions, while JioMusic facilitates live music streaming and downloading.

Jio is also testing its fiber-to-the-home (FTTH) services in a pilot test across cities like Mumbai and New Delhi. Through this service, customers may enable home surveillance, utility management, and entertainment in an automated way.

Summary

Reliance Jio is set to launch a device, which could control various functions of a car, send alerts to the owner, locate the car, and even safeguard it during thefts.

Reliance-Sibur JV Plans to Set up South Asia’s first Halogenated Butyl Rubber Unit at Jamnagar

January 18, 2017

Reliance Industries Limited (RIL) and Russian petrochemical giant SIBUR signed an MoU at the recently-concluded Vibrant Gujarat Summit at Gandhinagar to set up South Asia’s first butyl rubber halogenation unit at RIL’s integrated petrochemical site in Jamnagar, Gujarat.

The unit will produce 60,000 MT of halogenated butyl rubber every year under Reliance Sibur Elastomers Private Limited (RSEPL) – a joint venture (JV) of which RIL owns 74.9%, and SIBUR 25.1%.

Apart from the planned halogenation unit, the JV owns a 1,20,000 MT per annum butyl rubber plant, currently under construction at the same venue which will provide the necessary butyl rubber feed to the halogenation unit.

Commenting on the halogenated butyl rubber unit, Mr Nikhil Meswani, Executive Director, RIL, said, “RSEPL’s halogenated butyl rubber plant will be well-poised to capitalise on the significant surge in regional demand in tyre and pharmaceutical industries. India is expected to see a quantum jump in tyre production, with Indian and International tyre majors gearing up to make capital investments of Rs. 15,000 crore. The halogenated butyl rubber demand is expected to grow at a rapid pace of 8- 10% CAGR over the next few years, driven by increasing customer preference for tubeless tyres in India and neighbouring countries, and significant investments in the manufacture of pharmaceutical closures and tank inner liners.”

“India offers attractive investment opportunities given the growing local demand for synthetic rubbers and Gujarat’s favourable investment environment coupled with the well-developed infrastructure and raw material availability at a world-class Industrial site owned by RIL. SIBUR has a long track record of successful cooperation with RIL and Gujarat’s government, which has provided us with a solid basis for expanding our footprint in India,” said Mr. Dmitry Konov, Chairman of SIBUR’s Management Board.   Halogenated butyl rubber is a key ingredient for manufacturing inner liner of tubeless tyre. With the Indian automobile trend aligning with global trends, penetration of tubeless tyres is expected to accelerate in the Indian market, resulting in an increased demand of halogenated butyl rubber. The ingredient is also used in the manufacture of pharma stoppers, inner liner of storage tanks, etc.   Construction of the butyl rubber plant is in full swing at Jamnagar, its commissioning targeted for 2018.

Production from RSEPL will substitute imports and reduce outflow of valuable foreign exchange from India, providing impetus to the government’s Make in India initiative.

RSEPL is a joint venture formed between Reliance Industries and SIBUR in February 2012 to produce 1,20,000 tonnes of butyl rubber per year at RIL’s integrated petrochemical site in Jamnagar, India. RIL owns 74.9% stakes, and SIBUR 25.1% in the joint venture.

About Reliance Industries Limited (RIL): 

Reliance Industries Limited (RIL) is India’s largest private sector company, with a consolidated turnover of INR 296,091 crore ($44.7 billion), cash profit of INR 40,737 crore ($6.1 billion), and net profit of INR 27,630 crore ($4.2 billion) for the year ended March 31, 2016.

Mukesh Ambani led RIL is the first private sector company from India to feature in Fortune’s Global 500 list of ‘World’s Largest Corporations’ – currently ranking 215th in terms of revenues, and 126th in terms of profits. RIL ranks 238th in the Financial Times’ FT Global 500 list (2015) of world’s largest companies. RIL ranks 121st on the Forbes Global 2000 list (2016), continuing to be the top-ranked Indian company. RIL’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

About SIBUR:  

SIBUR is a uniquely positioned vertically integrated gas processing and petrochemicals company. It owns and operates Russia’s largest gas processing business in terms of associated petroleum gas processing volumes, and is a leader in the Russian petrochemicals industry.

SIBUR operates 26 production sites located all over Russia, serving over 1,400 large customers engaged in the energy, chemical, fast moving consumer goods (FMCG), automotive, construction and other industries in approximately 75 countries worldwide, and employs over 27,000 personnel.

Summary:

Reliance Industries and SIBUR have planned to set up South Asia’s first halogenated butyl rubber unit at Jamnagar.

Third Quarter Standalone Net Profit of RIL Increases by 10%

January 17, 2017

The standalone net profit for Reliance Industries Limited (RIL) for the quarter that ended in December 2016 has seen an increase by 10%. This has been attributed to the company’s impressive performance in the refinery sector. Owing to this RIL’s standalone net profit for the third quarter went up to Rs. 8,022 crores.

RIL’s gross refining margin

The company recorded an impressive performance mainly because of its gross refining margin, which is what remains after deducting the value of petroleum products and crude oil price from a refinery. Reliance Industries Limited surpassed market expectations by recording a gross refining margin of $10.8 per barrel.

After the net profit was announced, Managing Director and Chairman of Reliance Industries Limited, Mukesh Ambani stated that a lot of credit goes to the well-planned strategies of the company. According to him, the company lays special emphasis on the operations and holds a strong portfolio, which enables it to work towards the best interests of the country. Mukesh Ambani believes that although the market is competitive, these factors have helped the company stand apart from competitors.

RIL’s growth

Mukesh Ambani also stated that the demand for transportation fuels across the globe has led to the refining sector making considerable progress with regard to the gross refining margin in eight consecutive quarters. In the same statement, he spoke about the company’s commissioning of the Paraxylene plant’s first phase.  According to him, the Paraxylene project has helped the company strengthen the operations of its refining and petrochemicals business. He added that Reliance Industries Limited’s strategy for development is based on providing sustainable returns to the company’s shareholders through high-return projects, which are capable of facilitating growth.

Net profit and revenue garnered

Reliance Industries Limited’s standalone revenue for the third quarter increased to Rs. 66,606 crore, which is a rise by 9%. The company also achieved a better turnover than the previous year by garnering Rs. 84,189 crore. This is seen as a rise by 16.1% compared to last year. Additionally, RIL’s cumulative net profit also went up by 3.6% than the previous year for the quarter which ended in December 2016.

The results regarding the net profit were revealed after the Indian equity markets closed. RIL’s telecom arm, Jio has also emerged as a leading operator in the market with its 4G services. To support the growing subscriber base, Jio will be investing an additional Rs. 30,000 crore to improve the network’s coverage and reach across the country. The finance for the same will be provided mainly through an equity funding by a rights issue.

Summary

The standalone net profit of Reliance Industries Limited increased by 10% in the third quarter. The company also announced that Jio is among the operators having the widest 4G network in the country.

Jio Plans to Extend its Network Capacity with an Investment Worth Rs. 30,000 Crore

January 16, 2017

Mukesh Ambani led Reliance Jio has made it to the list of India’s top telecom operators within a few months of its launch. It has not only delivered quality services but also managed to surpass industry standards with its massive subscriber base. The operator intends to keep up its performance by improving its network capacity and expanding coverage. For this, Reliance Jio will be investing a whopping Rs. 30,000 crore. This new investment will make the total investment towards Jio Rs. 1.9 lakh crore.

Investment to develop infrastructure

In a rights issue notice that Jio announced for its existing shareholders, the telecom operator stated that since Jio received a highly positive response to its 4G services it would be beneficial to invest further towards the development of the brand. According to the company, the large-scale demand for 4G services in India is also one of the main reasons to improve Jio’s infrastructure through investments.  Jio added that the finance for the same will be acquired through an equity offering to strengthen the company’s balance sheet. As per the notice, Jio’s board of directors will be making a rights issue worth Rs. 6 billion.

Jio’s subscriber base to increase – JP Morgan

According to an analysis by JP Morgan, Jio will witness steady development in the upcoming months, with its subscriber base set to increase towards the end of FY17. The brand launched its services with the welcome offer that provided customers with unlimited data and app services for three months. This managed to help Jio draw a large number of users to its network. After this promotional deal expired in December 2016, the telecom operator introduced the Jio Happy New Year Offer, which allows users to continue enjoying the free data services and premium applications until 31st March 2017. The company aims to expand its reach and garner close to 100 million customers by the time the Jio Happy New Year Offer ends. The telecom operator has already secured 72.4 million users and as per JP Morgan, the brand is not far from attaining its 100-million target.

Jio’s services

After the free offer ends, customers may opt for any of Jio’s affordable data plans. Customers could select monthly plans like the Rs. 149 package or the Rs. 499 package. Depending on budget preferences, users are free to choose from different plans. The report by JP Morgan revealed that Jio’s free data offerings and affordable tariff plans have led incumbent operators to reduce their data prices as well. The report by JP Morgan stated that Jio’s future growth is also dependent on the number of users who decide to become paid subscribers even after the free offer ends. A recent survey conducted by Bank of America Merrill Lynch revealed that around 85% users will most likely continue as paid customers on the Jio network.

Summary

Reliance Jio will invest an additional Rs. 30,000 crore towards expansion of its network infrastructure.

First Phase of Paraxylene Plant at Jamnagar Commissioned by Reliance Industries Limited

December 30, 2016

Reliance Industries Limited (RIL) is one of the country’s largest private conglomerates. It is also a leading company in the oil manufacturing business. On 28th December 2016, RIL announced the Paraxylene (PX) plant’s commissioning in Jamnagar. The plant’s first phase has been commissioned.

Paraxylene plant, Jamnagar

The plant has an annual capacity of 2.2 million tons of PX. World-class crystallization technology from BP has been used to build it. The plant has been created using this technology, which adheres to environment standards and has high energy efficiency. A statement released by Reliance Industries Limited stated that the plant’s commissioning is expected to increase the PX capacity of RIL to 4.2 million tons from the current 2.0 million tons. Additionally, once the whole PX capacity is commissioned, Reliance Industries Limited will emerge as the second largest PX producer in the world. The company will have a share of 11% in global production and 9% in global PX capacity. The increased PX capacity is expected to contribute largely to the refineries’ output, besides helping the Jamnagar complex garner profits.

Since PX is one of the major factors essential for the development of the entire polyester chain, the improved capacity will facilitate growth in RIL’s polyester value chain. This will offer Reliance better margins and also help the company gain global recognition in the polyester industry.

Increased capacity to help garner profits

Chairman and Managing Director of Reliance Industries Limited, Mukesh Ambani stated that the PX plant’s commissioning will be followed by a range of other projects. These will include petcoke gasification, refinery off-gas cracker, and ethane import project. He added that the PX commissioning will mark the beginning of this series of projects. According to Mukesh Ambani, the projects in petrochemicals and refining by RIL fall under the largest contemporary investment segment in the world. Cumulatively, they are worth more than Rs. 100,000 crore.

Mukesh Ambani concluded by stating that all the projects are undergoing developments consistently. He also added that they are on the verge of mechanical completion. According to him, the improved capacity of RIL’s PX plant will help the company come closer to its goal of ranking as one of the leading petrochemical businesses in the world.

Reliance Industries Limited is also basking in the success of its telecom arm, Reliance Jio. Reliance Jio, which launched its high-speed 4G services a few months ago, has become a favorite with customers. Apart from the efficiency of the network services, one of the other factors responsible for its success has been their affordability. Reliance Jio created a large impact in the market when it launched its welcome offer. This offer provides users with free data services until the end of December. Thereafter, the company launched the Jio Happy New Year Offer. This is considered to be an extension of the earlier offer and will be valid till the 31st of March 2017.

Summary

Paraxylene plant’s first phase has been commissioned by Reliance Industries Limited.

Reliance Jio’s Affordable Range of LYF Smart Phones

December 20, 2016

Affordable data services, free voice calls, and Wi-Fi devices; these are some of the varied offerings by Reliance Jio. The company also launched its range of 4G-enabled smart phones. These smart phones are offered to customers with a complimentary Jio SIM card. Individuals using the Jio SIM cards can enjoy free unlimited data, voice, and app services, which are part of Jio’s Welcome Offer.

Affordable smart phones

Mukesh Ambani led Reliance Jio has broken the price barrier by introducing superior 4G-LTE devices under the brand LYF at affordable prices. Some of the most economical devices are available at only Rs. 2,999. Moreover, the Jio network has also received a positive response in speed tests, with consistent results. One such test recorded speeds of up to 22 Mbps. These results are proven to be better than the speeds offered by other telecom operators.

Specifications of LYF handsets

Some of the most affordable devices offered by Jio include the LYF FLAME 6, FLAME 8, and WIND 3. The LYF FLAME 6 is available at a price of Rs. 3,999. It has a 4-inch display that is protected by Asahi Dragontrail Glass. The device has an internal storage capacity of 4 GB. Additionally, it has 2-megapixel front and rear cameras. Connectivity options offered by the device include Bluetooth 4.0, 4G, CPS, LTE, and Wi-Fi.

The LYF FLAME 8 is priced at Rs. 4,199. Those buying the device can look forward to features like an 8 GB internal storage, 1 GB RAM, a 5-megapixel front camera, and an 8-megapixel rear camera. The device functions on Android version Lollipop.

The LYF WIND 3 costs Rs. 6,999. It comes with a large 5.5-inch display, which is resistant to scratches or dust because of the Asahi Glass protection. It has 16 GB internal storage capacity and 2 GB RAM. The device has an excellent 8-megapixel rear and 2-megapixel front camera. The operating system of the device is Android 5.1.1 Lollipop.

4G-enabled feature phones

Reliance Jio also aims to reach out to customers across Tier-III cities and rural areas by introducing a range of feature phones. These devices will be compatible with 4G-VoLTE and are expected to be priced between Rs. 1,000 and Rs. 1,500. Jio plans to launch the devices around the first quarter of 2017. The handsets will not have a touchscreen, but users will be able to access the Internet through the 4G network.

Reports by International Data Corporation (IDC) revealed that the launch of Jio’s 4G services has led to an increase in the shipments of 4G-compatible smart phones. Jio has managed to garner a subscriber base of more than 50 million. By introducing its range of feature phones, it will be able to cater to a wider audience and increase its customer base. Jio SIM card users will also be able to avail of free services till 31st March 2017 under the recent Jio Happy New Year Offer.

Summary

Reliance Jio’s reasonably priced LYF smart phones offered with free Jio SIM cards.