Posts Tagged ‘Reliance Industries Limited’

Jio Prime Members Get a New Triple Cashback Offer

November 10, 2017

Jio has brought new cashback offers and discounts for its prepaid customers.

Jio cashback offers

Mukesh Ambani owned Reliance Jio unveiled some new cashback offers recently. On a recharge of INR 399 users will get a cashback which will include eight vouchers of INR 50 and this amount will be credited to the MyJio digital wallet of the user. Users can use these INR 50 vouchers to do any subsequent recharge or data top-ups.

Jio subscribers are also going to get vouchers worth INR 300 that will be credited to AmazonPay, FreeCharge, AxisPay, Mobikwik, PhonePe, and Paytm, as these are Jio’s partner mobile wallets.

This is not all; subscribers will also get online shopping vouchers worth INR 1,899 and also discounts on flight tickets on specific portals. These offers will start from November 10th and will be valid until November 25th.

Words of the Director General of COAI on the Jio offers

Rajan Mathews, the Director General of the Cellular Operators Association of India (COAI) said that the offer is limited to a class of people in Jio’s customer base. That is the reason it does not violate any Telecom Regulatory Authority of India (TRAI) regulation. He also predicted that it is expected that more of these plans are going to be introduced by telecommunication companies that want to retain customers. He also said that other competitors have to match Jio and the competition just keeps on getting better.

Talking about the new offers by Jio, he said that these are designed so that it protects the July-September average revenue per user (ARPU). To maintain the ARPU the company has to retain the Jio Prime members as well as make sure that cash is constantly coming in. According to Sanjiv Bhasin, the Executive VP at IIFL, these offers are made to achieve that goal.

About Jio and its prepaid plans

Mukesh Ambani led Reliance Jio has been known for its affordable data plans and offers. Until September end, the telecom company had almost 138.6 million users. It had a net loss of INR 270.59 crore and its revenue was INR 6,147 crore for the quarter that ended in September.

Some of the prepaid plans by Jio:

  • INR 19 plan

The plan has a one-day validity and offers 0.15GB data and 20 SMS.

  • INR 52 plan

This plan has 7 days validity and offers 70 SMS. It offers unlimited data but has a daily limit of 0.15GB. This means that the Internet speed will slow down to 64Kbps if the user exhaust the daily limit.

  • INR 98 plan

The INR 98 plan has a validity of 14 days. It offers unlimited data with a daily limit of 0.15GB and also offers 140 SMS.

  • INR 149 plan

This plan has a validity of 28 days and offers unlimited data with a daily limit of 0.15GB, which means the Internet speed will go down to 64Kbps once the user exhausts the daily limit. It also offers 300 SMS.

Summary

Reliance Jio to offer cashbacks and discounts to its Jio prime customers.

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Mukesh Ambani Becomes Asia’s Richest Man

November 3, 2017

Mukesh Ambani became Asia’s richest man by overtaking Hui Ka Yan, a Chinese businessman.

Mukesh Ambani on the Forbes Real-Time Billionaires’ list

The Chairman of Reliance Industries Limited (RIL), Mukesh Ambani stands at the 14th rank of the global Forbes Real-Time billionaires’ list. The list of Forbes is based on the value of stock holdings and assets of an individual on a real-time basis.

According to the list, the wealth of Ambani rose from USD 223 million to USD 41.8 billion. On the other hand, the wealth of the Chairman of China Evergrande Group, Hui Ka Yan has gone down by USD 586 million to USD 41.2 billion.

Other businessmen on the list

The Forbes Real-Time Billionaires’ list also had some other businessmen like the CEO and Founder of Amazon, Jeff Bezos who topped the list with the total net worth of USD 93.3 billion. Bill Gates ranked 2nd on the list with a net worth of USD 89.5 billion. Mark Zuckerberg, Founder of Facebook, stood at the 5th position with a fortune of USD 75.8 billion.

Reliance Industries Limited’s earnings

Mukesh Ambani’s RIL has posted a 12.5 percent increase in its consolidated net profit of INR 8,109 crore in the quarter of September FY18. The revenue of RIL has increased by 23.9 percent to INR 101,169 crore i.e. USD 15.5 billion. While in the previous year, it was INR 81,651 crore.

RIL sparked a price war in 2016 after launching its telecom service, Jio. It has a record of 130 million customers. Jio offered free domestic voice calls and data at cheap prices and also launched a new 4G phone that is effectively free.

Mukesh Ambani ranks as the richest Indian

Last year the Chairman of RIL ranked as the richest Indian for the 10th time in a row on the Forbes list with a total worth USD 38 billion i.e. INR 2.5 lakh crore. His younger brother Anil Ambani dropped down to the 45th spot with a net worth USD 3.15 billion, whereas in 2016 he ranked at the 32nd spot.

Ambani’s comment on the Q2 earnings

Commenting on the Q2 earnings, RIL’s Chairman Mukesh Ambani said that RIL has reported a strong and steady performance. He is pleased to share that this also includes Reliance Jio’s financial performance that had a positive EBIT contribution of commercial operations in its first quarter.

While Jio, the telecom arm of RIL has reported a loss of INR 270.6 crore, its revenue for the September quarter has surprised many analysts. Its revenue was INR 6,147 crore while the EBITDA of Jio was INR 1,442 crore. On this, Ambani has also said that this result of Jio is strong and it shows how robust the business model and the other important efficiencies RIL has built with its investment in 4G technology and the right business strategy. He believes that as always RIL has demonstrated excellence in vision, execution, and commercial acumen.

Summary

Mukesh Ambani overtook Chinese businessman Hui Ka Yan and takes the first spot as Asia’s richest man.

Nita Ambani – The Person with a Mission

October 30, 2017

Nita Ambani, a person who has made contributions to education, health, sports, and also a revival of arts has received the Rashtriya Khel Protsahan Puraskar, among her many achievements.

Receives the Rashtriya Khel Protsahan Puraskar

Receiving the award in Delhi from the President of India was a humbling experience for Nita Ambani. She said that it was a tribute to the hard work of the Reliance Foundation and the team players. She also said that before buying the Mumbai Indians team, she was not interested in sports. However, in 2009, she went on a trip with the team to South Africa, which was her first exposure to live sports. This made her start the ‘Education For All’ initiative with Mumbai Indians and other programs for sports as well.

Indian Super League

At a global conference in 2014; the FIFA World Cup was being played live on the television. The participants at the conference started cheering for their team and she felt left out as there was no Indian team to cheer for. This time, when she came back she decided to do something for Indian football and that’s how the Indian Super League came about.

International Olympics Committee 2016

In 2016, the International Olympics Committee elected Nita Ambani as its first woman member. It was a proud moment for her as girls like Sakshi Malik, Dipa Karmakar, and PV Sindhu were playing their winning bouts at that time. She thinks that Indians should encourage girls to get into sports. According to her, India should get involved in the grassroots development of sports; otherwise, it cannot become a sporty nation.

Nita Ambani talks about work and family

When asked whether her family brings work home, she said that as her children have joined the family business, it is natural to discuss work even when they are home. She also feels that it is exciting as she is learning new things from them.

When talking about her children, she said that she has always given equal opportunities to all three. She said that she raised Isha without any distinction. She allowed her children follow their dreams.

When talking about her marriage with Mukesh Ambani and how they bond, she said that they’ve been married for 33 years and she is lucky to have someone who supports her in everything she does. Their friendship and partnership has stayed through the years.

Nita Ambani talks about the new projects

Nita Ambani feels very excited about the convention center (which will have a performing theatre) in BKC, Mumbai and the traveling museum. She said that the convention center is for the people of Mumbai and it will be completed by 2019. She also thinks that India should send the best of its arts and crafts to different countries. This is the reason why she took the Nasreen Mohamedi to the Metropolitan Museum of Arts (Met), New York.

Summary

Nita Ambani talks about family and her contribution to arts and sports for the betterment of India.

Nita Ambani Gives a Generous Gift to The MET

October 13, 2017

Founder and Chairperson of Reliance Foundation, Nita Ambani is the first South Asian who has been honored by the Metropolitan Museum of Arts (The Met).

Nita Ambani honored by The Met

Nita Ambani was honored by The Met in New York for her philanthropic work. She has done noticeable work in areas of rural transformation, health, education, disaster response, urban renewal, promotion of arts, and women’s empowerment. The Met was impressed by the direction she gave the foundation to focus and work on sustainable rural and urban transformation initiatives.

She has also done some noticeable works for sports in India, which was acknowledged by the International Olympic Committee (IOC). The committee even elected her as its first female Indian member.

Words of Nita Ambani at The Met

Nita Ambani said that she is delighted and humbled for the honor received for her work at Reliance Foundation. She said that it is gratifying to see the changes her efforts have brought in education, rural transformation, and healthcare, which has brought a smile to millions of people. She also feels that this recognition by The Met is a tribute to the foundation that will inspire everyone at Reliance Foundation to do their best and stay committed to social empowerment and sustainable development to make this world a better place for the next generation.

Reliance Foundation gives a generous gift to The Met

The Met announced that they have received a generous gift from Reliance Foundation. Visitors can expect to catch up on some landmark Indian exhibits for the next few years. The philanthropist foundation led by Nita Ambani will be supporting a range of exhibitions. These exhibitions will examine the influence and accomplishments of Indian arts and artists across time and media for the coming years.

The first gift, which was opened on 11th October, was the photographs of Raghubir Singh, titled as “Modernism on the Ganges”. The other following exhibitions will focus on the Mughal and the Buddhist eras as well as on contemporary Indian sculptures.

Nita Ambani’s words on the collaboration

Nita Ambani said that the partnership will allow Indian art to be displayed at an iconic institute. She also feels delighted with the long-term collaboration with the Met and hopes that this partnership will be a wonderful journey of learning and sharing art.

About Reliance Foundation

Reliance Foundation has carried out a variety of works that have been led by its founder, Nita Ambani. The foundation contributes to the fields of education, healthcare, sports development, and women empowerment. It also supports Indian art. Over 10 million Indians have been benefited by this foundation, bringing betterment in the lives of individuals from around 10,500 villages and urban areas.

About The Met

The Met is known as one of the most iconic museums in the world. It is located at three sites in New York—The Met Breuer, The Met Cloisters, and The Met Fifth Avenue. This event at The Met was hosted by the Multicultural Audience Development Initiative to celebrate the museum’s diverse communities and to raise awareness and support for the Audience Development department.

Summary

Nita Ambani was honored by The Met for her philanthropic work and she gave a generous gift to the globally famous museum.

LYF Smartphones are Getting an Effective Price Cut this Festive Season with Jio Benefits

October 11, 2017

LYF, Reliance Retail’s brand is going to have a festive offer that will effectively cut down on the price of the LYF C459 and LYF C451 smartphones.

Effective price cut on LYF smartphones

The LYF C459 was launched in July 2017 at the price of INR 4,699 while the C451 model was launched later the following month at the price of INR 4,999. The value of the below Jio offer will cause the C451 to cost INR 2,392 and the C459 to cost INR 2,692, thus resulting in the phones being ‘effectively cheaper.’ The phones will, however, remain at their original prices.

The exclusive offer on LYF smartphones will be from October 2nd to October 22nd and will be applicable for all the Jio users. The offer includes benefits like 5GB of 4G data vouchers for nine recharges worth INR 201 i.e. INR 1,809 in total. The buyers of the LYF C459 and LYF C451 will also receive a Jio Prime membership worth INR 99 and a first free recharge worth INR 399 with a validity of 84 days.

Mukesh Ambani led Reliance Jio is aiming at entry-level smartphone users with this new price cut. Their goal is to upgrade these users with VoLTE-enabled devices.

About LYF smartphones

The LYF smartphones are budget-friendly smart devices. The LYF C451 features an IPS LCD screen of 4.5-inch FWVGA with a 218ppi pixel density and 2D Asahi glass protection. It sports a 5-megapixel primary camera with autofocus and LED flash and a 2-megapixel secondary camera.

The LYF smartphone has an 8GB internal storage that is expandable up to 128GB via a microSD card. The phone has a 1GB RAM and is power-packed with a quad-core Snapdragon 210 processor combined with an Adreno 304 GPU. This phone has a 2,800mAh battery that will deliver 12.5 hours of talk time with 240 hours of standby time. The phone weighs 165 grams and measures 139×66.5×9.8mm.

The LYF C459 has similar specifications except for the battery as it is backed up by a 2,000mAh power battery.

Update of the Reliance Jio recharge plan

Mukesh Ambani led Reliance Jio recently updated its INR 149 recharge plan. Customers will now be able to enjoy unlimited data with the recharge of INR 149. The plan offers 2GB 4G Internet with unlimited voice calls and 300 SMS valid for 28 days. After the expiration of the plan, the users can still use the Internet at a speed of 64kbps. However, Jio also made it clear that old subscribers will not be able to enjoy these services after the expiration of the plan.

Plans which were updated earlier

Earlier, the validity of the recharge plan of INR 309 was extended to 56 days from 28 days. This means that users can enjoy 4G data of 56GB for 56 days. Jio also extended the validity of the INR 349 recharge plan to 56 days instead of the previous 28 days. Similarly, it also made changes to the INR 399 plan by extending its validity to 84 days; this plan has 84 GB data. In the same way, the validity of the recharge plan of INR 999 got extended to 90 days from 60 days.

Summary

Jio announces festival offers on its LYF smartphones and updates on its recharge plans.

Mukesh Ambani and Mathew Oommen Speak about Taking Digital Innovations to the Grassroots Level at the IMC

October 6, 2017

At the India Mobile Congress (IMC), Mathew Oommen, The President of Network, Global Strategy, and Service Development at Reliance Jio, said that India has the power to generate employment and also create innovation at the taluka level.

Mathew Oommen talks about digital India

Mathew Oommen thinks that there are endless possibilities for making India digital. Some of these initiatives include the Digital India program, Startup India, and Make in India. These programs may create a lot of opportunities for everyone. He believes that LTE is a ‘learn to earn technology’. This technology will bring digital empowerment and make India a secure and digital nation.

Oommen believes that this is the age of advanced technology. With the help of artificial intelligence, visual graphics, virtual reality, natural language thinking, and natural language processing, the way in which people do business will change. He also said that the most important thing is enhanced data security and the privacy and security of India and its people.

Mukesh Ambani talks about making India digital

Mukesh Ambani, the Chairman of Reliance Industries Limited (RIL) said that to become one of the world’s top three economies, India will have to grow from an economy of USD 2.5 trillion to one of USD 7 trillion. He also said that if this has to happen, the telecom and Information Technology (IT) industries will have to play a foundational role in creating the necessary digital infrastructure.

Data, the oxygen of the digital economy

Ambani thinks that data is the oxygen of the digital economy. The most urgent task of the telecom industry is to empower 1.3 billion people with the tools to flourish in the digital marketplace. At the IMC, Ambani also said that data is like new oil, which India doesn’t need to import. It is a valuable source that will create prosperity and opportunities for the nation and its people.

He claimed that 4G coverage will be larger than 2G coverage in India in a period of 12 months. The country has leapfrogged from the 155th rank in the world to being the world’s largest mobile data consuming nation within a year.

Ambani talks about industrial revolution

Mukesh Ambani said that even though India has missed the first three industrial revolutions, the country has got the opportunity to lead the ongoing fourth global industrial revolution. He thinks that this revolution is going to have the most dramatic transformations globally in comparison to the previous revolutions.

Talking about data, he also reiterated that it is the duty of the telecom industry to provide high-speed data, which is inexpensive. He also believes that every Indian should have access to smartphones that are affordable and that can connect to the power of the Internet.

Summary

Mukesh Ambani and one of his officials, Mathew Oommen speak about taking digital innovations to the grassroots level and making India a digital nation, at the India Mobile Congress.

Nita Ambani Proud of FIFA U-17 Boys

October 4, 2017

Nita Ambani, the Chairperson of Reliance Foundation Youth Sports (RFYS), said that she is proud of the boys, who are going to represent India in the U-17 football world cup.

Indian boys in FIFA U-17

The boys are going to represent India at the FIFA U-17 World Cup. It is supposed to kick off on October 6th at the Jawaharlal Nehru Stadium in Delhi. After a gap of almost two decades, the Indian national team has also broken into the top 100 of the world rankings. In the history of football, it has been the first time that this nation is not only participating in the game but also is hosting the same event for world football.

Reliance Foundation Youth Sports (RFYS)

The RFYS has been conceived to start sports in schools and colleges. It is a program, which aims at providing a platform for the youth to showcase their passion and skills for sports. The tournament provides an excellent environment and facilities. Scholarships and opportunities to be selected by teams are given to deserving athletes. The school and college coaches are provided with training programs. Besides, football equipment is also provided to the institutes.

The aim of the program is to create a united sports structure through the initiative. The program will also create a plan for all the major Olympic sports with the goal to provide sports career opportunities for the youth of India.

RFYS has almost 30 centers across the nation with 60,000 kids who are playing football. The foundation is sure that through these football initiatives six million children will be reached by the month of December. The foundation is very happy to see that there is wonderful talent in our nation and that India is not far from the time when it will start competing with top teams in the world.

Nita Ambani, also a committee member at the Olympics, has said that her goal is to build a sports ecosystem in India and encourage kids to take up football.

There are four categories of RFYS i.e. the senior boys, the junior boys, the college boys and the senior girls. Each category has a city winner that has to compete at the zonal qualifiers before national finals, which will be held in January 2018.

Sports programs by Reliance Foundation

  • Reliance Foundation Young Champs

Launched in 2015, the Reliance Foundation Young Champs was started with an aim to provide the country with the top football talent between 10 to 14 years of age. It is a full scholarship and a full-time residential-based program, where education is provided along with football training.

  • Reliance Foundation Jr. NBA program

It is a comprehensive basketball program for school-based youth. The program has reached out to almost 34 lakh youngsters in India. It was launched in the year 2013. It promotes fitness and health through basketball.

Summary

Nita Ambani is proud of Indian boys’ participation in the FIFA U-17 World Cup and the noteworthy initiatives of RFYS.

Reliance Jio to Tie Up with Roy Kapur Films for Digital Content

September 29, 2017

Roy Kapur Films (RKF) and Mukesh Ambani led Reliance Jio announced an association to create original digital video content. This digital video content will be for the Jio platform. The digital content will be curated, commissioned, and developed creatively by RKF.

Tie up between Reliance Jio and RKF

On Wednesday, Reliance Jio and RKF announced a collaboration for providing digital content production for Jio. This association is between one of India’s fastest growing telecom industry and India’s leading producer. The content will be available to 128 million Jio subscribers all over India. The association between RKF and Jio will take forward Jio’s goal to deliver high-quality video entertainment content to mobile subscribers. This will consist of producing long- and short-form content across different genres. Their goal is to provide a wide variety of digital content that will cater to a large diversity of taste and sensibilities.

Siddharth Roy Kapur’s words on the association

Siddharth Roy Kapur said that the digital platform of Jio offers an opportunity to produce high-quality and world-class entertainment content. He aims to create content that can be watched across India with convenience, as entertainment has never been so accessible to so many people. Their goal is to provide a wide variety of content that will have people keep coming back for more. Roy Kapur’s partnership with Jio to materialize the vision of the Indian Digital Revolution and global digital leadership is an exciting one.

Words from a Jio official on the association

Jyotindra Thacker an official from Jio said that India leads the world when it comes to data usage. A significant part of this data usage comes from video content. The Jio network carries 5.5 crore hours of video daily. This makes it the largest and one of the most superior networks for mobile video globally. He also said that the collaboration with RKF will help them achieve their goal of delivering the highest quality of video content. Talking about his achievements, he also said that Jio is very happy to partner with RFK and create a creative ecosystem that will enable everyone to live fully and also experience the Jio Digital Life.

About Roy Kapur Films

RKF was founded by Siddharth Roy Kapur. It is a leading media and film production company. The association between RKF and Jio will leverage the experience of Siddharth Kapur in film-making. He was the Managing Director at Disney India and UTV’s Studio Head. RKF has produced some path-breaking films, which include Haider, PK, Barfi, Dangal, the ABCD franchise, Dev D, Delhi Belly, Jodhaa Akbar, and many others. He is also in the process of developing some noteworthy projects, including the biopic of the first Indian in space, Rakesh Sharma, and a heroic film based on the true story of Vijendra Singh Rathore.

Summary

Mukesh Ambani led Reliance Jio to partner with Roy Kapur Films for digital content production for its 128 million Jio Subscribers.

Jio to Launch Payments Bank Once JioPhone Deliveries Begin

September 22, 2017

All those who pre-booked their JioPhones may expect to receive it from this weekend. Mukesh Ambani led Reliance Industries Limited (RIL) is also expected to launch the Jio Payments Bank around this time.

JioPhone pre-bookings and delivery

The pre-bookings for the first set of JioPhones began on 24th August 2017 in the evening. By the time it closed during the morning of 26th August 2017, the pre-bookings had surpassed expectations.

Around six million customers pre-booked the JioPhone during the first phase. They will receive their phones starting from this weekend. The company had earlier stated that the phones would be available during the Navratri festival, which began on 21st September 2017. Jio aims to deliver around 100 to 150 million JioPhones within the next six months. The phones will be distributed via Jio’s retailers, multi-brand device retailers, and the Reliance Digital store network on a first come, first serve basis.

For those who weren’t able to pre-book the phone, Jio is expected to begin the second pre-booking phase around the same time as the phone deliveries. At present, around 10 million customers are waiting to pre-book the phone. Those interested in pre-booking the phone will have to pay INR 500 as an advance.

About JioPhone

The 4G VoLTE feature phone, JioPhone is expected to be the next big disruptor in the telecom market. The phone is known to be effectively-free as users have to pay an INR 1,500 refundable deposit. The phone comes bundled with the INR 153 pack, which offers free voice calls, unlimited SMS, and half a GB data per day.

The device comes packed with the latest technologies. It has the near-field technology. Besides, the phone also lets users link their device for UPI-based payments as well as other banking transactions.

Jio Payments Bank

Mukesh Ambani led Jio also aims to launch the Jio Payments Bank once the JioPhone deliveries begin. While the payments bank will have no special branches, customers may visit their nearest Jio retail outlets to avail of the bank’s services.

It is a 30-70 joint venture between the State Bank of India and RIL. The company first received the in-principle approval from the Reserve Bank of India (RBI) in August 2015 along with 10 others. It received its last banking license from the RBI in March, this year.

Payments banks in India

The payments banks were started by the RBI to provide low-cost banking solutions to people even in remote areas. Through this, it hopes to increase financial inclusion among the population of the country. These payments banks are like small finance banks and rely on a frugal business model as well as on technology to reduce costs.

At present, out of the 11 that had originally received the in-principle approval from the central bank, three have opted out. A number of banks weren’t even launched two years after receiving the in-principle approval.

Summary

Reliance Jio’s JioPhones are soon going to be available in outlets for deliveries. The company is also planning to launch its payments bank soon.

Mukesh Ambani Appreciates Reliance Jio’s Employees for its Achievements

September 15, 2017

Mukesh Ambani is proud of Reliance Jio’s achievements and its employees and hopes to create many more records with the company.

Mukesh Ambani’s letter

On completion of one year of Reliance Jio’s commercial service, Ambani wrote a letter congratulating his employees. In the letter, he mentioned the achievements of Reliance Jio and praised his employees. Ambani stated that Jio has received 130 million customers in this one year. It has also broken several records at the national as well as global level. Adding to this, Ambani said that the biggest personal satisfactory factor for him is the myth that Jio busted. He believes that Reliance Jio has broken the myth that India is not prepared for advanced technology.

Ambani said that the ways in which India adopted 4G technology and is utilizing it are noteworthy. He told his team that they have overcome the challenge of not only launching a new technology but also making the offer simple, compelling, and convenient. Every city, town, village, and Indian would benefit from this, he added.

Reliance Jio’s plans and growth

The initial phase of Reliance Jio was focused on acquiring customers. As per company officials, the next phase will be focused on launching services. The company will roll out services related to media and entertainment, healthcare, education, and payments banking in the coming few months.

In 2016, Mukesh Ambani launched Jio with two clear objectives. The first one was to offer affordable data services to the masses. The second aim was to disrupt the telecom sector by making the Internet accessible to everyone. However, Reliance Jio has achieved much more than just these.

According to a company official, Reliance Jio subscribers consume more data that the users of Verizon, T-Mobile, and AT&T combined in the United States (US). The official stated that the telecom company did not expect such an overwhelming response and that this was just the beginning.

In a presentation given to the Telecom Regulatory Authority of India (TRAI), Reliance Jio said that the investments it made before 2010 have all surpassed the recovery level. It stated that the company has received excessive returns due to the Interconnection Usage Charges (IUC).

Reliance Jio’s data service

A report from CRISIL mentioned that between the Financial Year (FY) 2012 and 2017, the mobile data usage per subscriber in India jumped to 80 percent per year. The increasing adoption of 3G and 4G services, 40 percent reduction in tariffs, and Reliance Jio’s free data services in the past year have contributed towards the rise in mobile data usage to 1.25GB per month per user.

Reliance Jio official said that Jio is receiving a good response from consumers due to the increasing demand for data. Even though customers have retained their existing operator’s SIM cards, they have shifted to Reliance Jio; and this is very encouraging.

Post its launch, Reliance Jio has disrupted the telecom sector and affected businesses of other major telecom operators in the country. However, the company’s official believes that this impact is short-term and, eventually, the whole industry will benefit from the rise in data consumption.

Summary

Chairman Mukesh Ambani praises Reliance Jio’s employees for its one-year achievements.