Posts Tagged ‘RIL’

RIL’s Market Capitalization Crosses INR 8 Trillion

August 24, 2018

On August 23, 2018, the Mukesh Ambani-led Reliance Industries Limited (RIL) became the first Indian company to reach INR 8 trillion market capitalization. RIL’s share prices increased by 1.86 percent, closing at INR 1,269.70, on the Bombay Stock Exchange (BSE). In 2018, RIL’s shares witnessed a surge of almost 38 percent.

RIL’s market capitalization growth

RIL now has a market capitalization of INR 8.05 trillion. Information from the Telecom Regulatory Authority of India (TRAI) attributed this to Reliance Jio, which is the telecom wing of the RIL and it has continued to acquire subscribers at a strong pace. As a result, the Indian benchmark Sensex Index rose by 0.13 percent to 38,336.76 points.

After the announcement of Reliance JioGigaFiber, Reliance Jio’s broadband service and the JioPhone 2, investors continued to purchase RIL shares. Margins are also strengthened by attractive tariff plans and a larger subscription base.

According to the data from TRAI, Reliance Jio acquired 9.71 million users in June 2018, crossing a 215 million subscriber base. Reliance Jio also showed market share gain from 18.7 percent in May to 18.78 percent in June.

RIL’s results of the June quarter also delighted investors, as it showed that the retail and telecom financials have shown a steady improvement.

Reliance Jio’s performance in 2018

In July 2018, Reliance Jio showed a profit of INR 612 crore, for the quarter ending in June. This represented a 19.9 percent increase on a sequential basis over revenue of INR 8,109 crore from operations.

During the March 2018 quarter, Reliance Jio reported revenue of INR 7,128 crore, with a net profit of INR 510 crore. Supported by rapid store expansion, organized retail also reported a 123.7 percent increase in revenue, at INR 25,890 crore.

Report from Morgan Stanley

On August 16, 2018, Morgan Stanley stated in a report that RIL’s retail business is valued at F20e EV/sales of 0.8x, which is in keeping with the average of another Bloomberg-based consensus of comparable competition in retail. Morgan Stanley values telecom investments at an EV/IC multiple of 0.9x, which is the target. They have based their target multiple on the valuation of Reliance Jio’s F21e Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) at an EV/EBITDA multiple of 7.5x, and then discounting it back by using a 12 percent discount rate. Based on the Bloomberg consensus estimates, Morgan Stanley’s 7.5x multiple is in keeping with where the other telecom companies in India are currently trading.

Opinions of analysts

Industry analysts expect strong earnings growth momentum from RIL. This is thanks to the ramp-up of RIL’s project of petcoke gasification and the recently commissioned off-gas cracker refinery.

On the condition of anonymity, an analyst stated that in line with the analysts’ expectations, Reliance Jio has continued to show a healthy subscriber momentum. The focus will stay on generating more subscribers and driving user engagement.

Summary: RIL has become the first Indian company to reach INR 8 trillion market capitalization. This is due to the strong performance of Reliance Jio, Reliance Retail, and RIL’s newly announced gasification projects.

Reliance Jio Announces the JioHealthHub App in India

August 10, 2018

Reliance Jio, the telecom wing of the Mukesh Ambani-led Reliance Industries Limited (RIL), has announced a health and fitness app called JioHealthHub. The purpose of this app is to help users organize their health-related documents and reports in one place, which may later be shared with other people. To help expand its presence in the medical consultation space, Reliance Jio has entered into several partnerships with online platforms like iCliniq and Portea.

Details of the JioHealthHub app

The JioHealthHub app is listed on Reliance Jio’s Google Play listing. However, the app is not released yet. According to the online description, JioHealthHub is an app, which one may use to store medical data in the cloud. This data can be accessed from any location and on any device with secure credentials. This means users may carry electronic copies of their health-related documents with them at all times and dispense with laboratory reports, physical files, test film, and the like.

The company also has tie-ups with medical laboratories and hospitals, which will push medical reports to the JioHealthHub app automatically. The app also has a feature to store medical documents from non-partner hospitals within the app. To do this, users may click a picture of the reports with their smart-phones and store the image in the app.

Partnership with iCliniq

Reliance Jio has collaborated with iCliniq, a Coimbatore-based online doctor consultation platform. This is in an effort to help expand JioHealthHub’s presence in the medical consultation app arena. With the help of this partnership, Jio users will be able to consult various doctors across 60 specialties via chat on an instant basis. The offering is called #icliniq50hrs and will soon provide the facility of video chat as well.

Dhurv Suyamprakasam, the CEO of iCliniq, stated that JioHealthHub has major capabilities and Reliance Jio may transform the Indian healthcare market space with it.

Partnership with Portea

Reliance Jio has also partnered-up with Portea to introduce a home healthcare angle to JioHealthHub.

Opinions of industry sources

According to industry sources, JioHealthHub will add more providers across the fitness and healthcare areas to build its ‘360-degree’ healthcare platform. Industry sources have also stated that Reliance Jio can make a strong push into healthcare with its experience and cash reserves. This may make India’s online healthcare ecosystem a competitive and responsive market.

Vaibhav Agarwal, Partner at Lightspeed India, stated that technology companies face challenges of expenditure, scaling, trust, and distribution. He further stated that Reliance Jio’s entry into the healthcare ecosystem may help startups grow without having to face high expenditures. Agarwal added that Reliance Jio may introduce an open garden type of strategy, wherein different vendors may compete. Alternatively, the company may wish to have one preferred vendor.

Reliance Jio’s foray into other sectors

It is reported that Reliance Jio may also cover ground in several other sectors like content and education. Recently, the telecom company Jio secured a majority stake in Embibe, an online education platform.

Summary: Reliance Jio announces JioHealthHub, its new health and fitness app. The company has entered into several partnerships to expand the reach and usability of the app across India.

Reliance Industries Q2 Results Showcase Strong Earnings

October 20, 2016

Reliance Industries Limited, India’s largest private-sector company announced its Q2 results today. The Mukesh Ambani-led conglomerate showcased strong growth all around. RIL’s Quarterly consolidated net profit stood at Rupees 7,206 Crore ($ 1.1 Billion), up from the last quarter 43.1%. Additionally, its quarterly consolidated PBDIT stood at Rupees 13,551 Crore ($ 2.0 Billion), up 24.8%. The company also announced record earnings in the Petrochemicals Segment (EBIT) and record Quarterly Standalone Net Profit of Rupees 7,704 Crore ($ 1.2 Billion), up by 17.9%.

Key Highlights

The numbers showcased in the live telecast of the Q2 results by Alok Agarwal, CFO of RIL indicated to yet another strong showing by RIL. The consolidated revenue (turnover) increased by 9.6% to Rupees 81,651 crore ($ 12.3 billion). PBDIT increased by 24.8% to Rupees 13,551 crore ($ 2.0 billion) and EBIT margin at 11.3%, up by 148bps. What’s sure to ease shareholder sentiment are the numbers showcasing profit. Profit before Tax (excluding exceptional item) increased by 40.8% to Rupees 9,884 crore ($ 1.5 billion) whereas Cash Profit (excluding exceptional item) and Net Profit (excluding exceptional item) increased by 27.7% to Rupees 10,341 crore ($ 1.6 billion) and 43.1% to Rupees 7,206 crore ($ 1.1 billion), respectively.

Petrochemicals, Refining, Oil & Gas

The core of RIL’s business for the past two decades has been petrochemicals, refining and other key areas in the Oil & Gas sector. The business environment has changed dramatically over time and even in the last quarter presented some new challenges. Considering the overall business outlook of this sector, the overall scenario presented in RIL’s Q2 report does indeed look promising.

Global oil demand continues to remain firm tracking 1.3 mb/d growth in 2016. Demand growth in India has been particularly strong with 8% Y-o-Y overall growth in 1H FY17, led by gasoline (+11%), ATF (+11%), LPG (+11%) and diesel (+3%). Average utilization rates for refineries globally in 2Q FY17 were 87.8% in North America, 86.2% in Europe and 86.0% in Asia. RIL’s exports of refined products from India were at $ 4.8 billion during the 2Q FY17 as compared to $ 5.5 billion in 2Q FY16. Export volumes of refined products remained unchanged on a Y-o-Y basis at 11.1 MMT during the quarter.

New Frontiers

Reliance Industries Limited’s foray into telecommunications has been widely anticipated for some time now. The company’s 4G/LTE initiative, a subsidiary of RIL titled, ‘Reliance Jio Infocomm Limited’ officially launched services on September 1st 2016 with its ‘Welcome Offer.’  Jio has already seen over 16 million users subscribing to its services and is growing at a remarkable pace in the less than 50 days after its official launch. Jio also issued Rupees 2,000 crore of 5 year Non-Convertible Debentures (NCDs), bearing a coupon of 8.32% per annum, payable annually.

With over 2,50,000 crores invested in this ambitious new venture, Reliance is indeed banking on impressive gains from Jio for both, consumers and shareholders.

Chairman and MD on the Q2 Results

With a performance far better than the markets expected, Chairman and Managaing Director of Reliance Industries Ltd., Mukesh Ambani was understandably quite pleased with the numbers showcased in the results. Commenting on the results, he was quoted as saying, “The Company has achieved outstanding second quarter results with strong refining business performance and record petrochemicals segment earnings. Refining business sustained high profitability in a tough environment highlighting our exceptional refining assets, dynamic response to market trends and robust operations. Petrochemicals segment gained significantly from higher volumes, integration and supportive product margins. Our projects in the hydrocarbon chain are at advanced stages of mechanical completion and precommissioning activities. These projects will further strengthen our position as a leading operator in the energy and materials businesses. We are delighted and humbled by the enthusiastic adoption of Jio by India. Jio is built to empower every Indian with the power of data”.


RIL is the Most Profitable Company in the Nifty 50 List

September 16, 2016

Mukesh Ambani led Reliance Industries Limited’s (RIL) digital arm, Reliance Jio is creating waves in the market with its new 4G venture. Within a short span of time, Jio managed to attract a large user base through its preview offer, which included free HD voice calls, video calls, and high-speed Internet services for a period of three months.

RIL’s position in Nifty 50

Therefore, it does not come as a surprise that Reliance Industries Limited has now gained a premium position in the business world. The company’s ranking as the most profitable in the Nifty 50 is testimony to this. RIL managed to make it to the top because of its contribution to the Nifty 50 aggregate net profit, which has been calculated as the largest.

Highest net profit

Reliance Industries surpassed competitors like TCS to emerge as the company with the highest net profit in the April to June 2016 quarter. While TCS reported a profit of Rs. 6318 crore, Reliance scored 12.6% higher than the company, thereby leading TCS to gain second position in the Nifty 50. Reliance Industries reported a total net profit of Rs. 7113 crore and therefore emerged first in the list.

SEBI’s extension

SEBI decided to extend the results season by a month for Nifty in the April to June 2016 quarter. Additionally, this decision gave India Inc. time to implement the Ind AS accounting standards, which was recently introduced. Rs. 69,793 crore has been the estimated Nifty 50 aggregate net profit for the quarter.

RIL leads in the energy sector

Moreover, RIL also proved tough competition for players like ONGC with the oil company reporting a net profit of Rs. 4232.5 crore. However, RIL’s energy sector counterpart, ONGC scored 68.1% lower than Reliance Industries. This has managed to give RIL yet another impetus, considering that ONGC has been a constant performer in the energy sector.  Reliance managed to surpass the previous year’s aggregate net profit which was 8.1% and acquire 10.2% this year. Furthermore, RIL managed to contribute this aggregate net profit all by itself. Additionally, the private conglomerate is expected to maintain consistency with regard to this contribution owing to the multiple large-scale projects that are expected to be launched in the upcoming years by RIL.

Nifty index

As on 14th September, 2016, the market closed at 8762.6, with the price-to-earnings ratio of Nifty estimated at 23.9 and its EPS at 364.8. It should be noted that Nifty’s aggregate net profit is affected with every additional rupee. Moreover, this also leads to an improvement in the index’s EPS. Therefore, it is imperative that the Nifty 50 companies’ earnings growth increase to maintain the sustainability of the present level of Nifty’s index.

Over the last one year, Mukesh Ambani led Reliance Industries’ scrip has increased by more than 21%. Additionally, Reliance was also able to make an improvement in its position in Nifty by garnering 5.4% (September 2016) as compared to 5% in the previous year’s corresponding period (September 2015).


Reliance Industries Limited makes the largest contribution to the aggregate net profit of Nifty, thereby making it rank first in Nifty 50.

Jio’s Preview Offer Now Available on Vivo, HTC, and Intex

August 31, 2016

Reliance Jio is one of the emerging smart phone brands offering superior smart phone devices, 4G LTE services, and a range of other facilities. The brand has not yet launched its 4G services commercially, but through its preview launch, it has already garnered an impressive customer base. The offer which was earlier only available to smart phone brands like LYF, Samsung, and Panasonic, has now been extended to brands like HTC, Vivo, and Intex as well.

Tie-up with 19 brands

Jio now has a tie-up with around 19 4G mobile brands according to a source. Users of these brands can now experience free high-speed 4G connectivity for three months with this preview offer. The services range everything from HD voice calling, video calling, data facilities, messaging, to even Jio applications which can be easily accessed using their free Jio SIM card. Users who want to avail of the preview offer can walk into a nearby Reliance affiliated store like Digital Xpress Mini or Digital Xpress. Once they purchase any smart phone that is offered under the preview scheme, they will receive the free Jio SIM along with it.

Marketing strategy to expand user base

Earlier, Reliance Jio’s preview offer was only available to employees, acquaintances and other associates. But in order to extend its reach, the company has now opened it to others as well. Reliance Jio’s goal of giving users the access to a rich digital ecosystem through the varied range of services has gained momentum because of its innovative marketing strategies that also includes the Jio preview offer.

Morgan Stanley report

A recent report by merchant banker Morgan Stanley also revealed that Jio is expected to make enormous profits by the next financial year, thereby garnering around 40 million subscribers and drawing in revenue worth two billion dollars. It further stated that the telecom company would also experience a positive cash flow by FY19-20.

The merchant banker also added that the company’s revenue market share in the next financial year would include 19% in data and 2% in voice, which would sum up to a total share of 6%, with average revenue per user being Rs. 300. It also stated that Reliance Jio has spent a whopping 21 billion dollars towards the telecom project and that the launch is almost underway. Morgan Stanley elaborated on Jio’s spectrum bands stating that it intends to raise the total project capital expense for the telecom company to more than ten percent, if it considers a spectrum expenditure of 1.5 billion dollars in the upcoming auction.

The future seems bright for Reliance Industries, as per sources from Morgan Stanley, who predicted that RIL would commission projects worth 50 billion dollars around March 2017. The merchant banker feels that Reliance Jio has made tremendous progress with regard to its much-awaited launch of 4G in India, having already garnered a data capacity market share of 20 percent.


Reliance Jio has now made its 4G preview offer available to smart phone brands like Vivo, Intex, and HTC.

Reliance Brands Enters into a Partnership with International Clothing Brand Scotch & Soda

August 18, 2016

Reliance Brands is a subsidiary of Mukesh Ambani owned Reliance Industries Limited (RIL) and recently announced its long-term partnership with Amsterdam-based fashion brand Scotch & Soda. The two companies have agreed to a master franchise plan which entails setting up of Scotch & Soda apparel stores across several Indian cities. Additionally, Reliance will also boost the brand’s standing through its varied sales channels like travel commerce, multi-brand department stores, and e-commerce.

This move will be beneficial to both the companies. Reliance’s aim to capture the premium retail market in India would be fulfilled through this expansion drive of Scotch & Soda.

Scotch & Soda

Known for its signature ‘Amsterdam Couture’ collections, Scotch & Soda offers a wide range of clothes that incorporate an eclectic mix of fabrics, textures, and diverse patterns, for men, women, and children. Scotch & Soda currently owns 160 retail stores and is available through 8,000 points of sale globally.

Dirk Jan Stoppelenburg, CEO at Scotch & Soda, stated that the company’s aim is to grant people – the freedom to shop from a variety of premium apparel options available in the market. It intends to push past the regular sportswear and luxury wear options to create a unique range of clothes. He appreciated Reliance’s cognizance of the company’s goal and explained how he expects Reliance’s expertise to greatly aid Scotch and Soda’s growth in the Indian fashion market.

Reliance Brands

Darshan Mehta, President and CEO of Reliance Brands, said that the company believes in Scotch & Soda’s promise of delivering quality garments. He explained how it is necessary to carve a unique identity amidst the generic branded offerings in the fashion market. He professed his admiration for the Amsterdam-based company, describing it to be different and refreshing. He explained how Reliance Brands is extremely thrilled to partner with Scotch & Soda and offer its products through multiple channels of sale.

Reliance Retail

Reliance Retail is the largest player in terms of fashion retail in India. It has currently announced its decision of adopting a multi-channel approach in order to diversify its customer base and expand its reach. This would allow individuals to browse through its retail offerings online, right from affordable apparel to luxury wear.

Reliance Retail operates multiple convenience stores, specialty stores, and supermarkets. The company stated that it realizes the importance of allowing individuals to browse and purchase their offerings online.

Multi-channel approach

A recent RIL report stated that the company intends to integrate its online and offline experiences, thereby enhancing the experience of customers. Reliance Retail will profit from this project by creating this amalgamation of channels, which would enable it to expand its stores beyond the existing 500 towns. Chairman and Managing Director of RIL, Mukesh Ambani, stated that the infrastructure would be built with the help of Reliance Jio. The company’s existing physical retail presence would be combined with Jio’s advanced infrastructure to create an omni-commerce business model.


Reliance Brands partners with Amsterdam’s premium clothing brand Scotch & Soda to boost its retail presence in the Indian fashion market.

Reliance Jio’s Marketing Strategy

August 9, 2016

Reliance Jio is the digital arm of Mukesh Ambani owned Reliance Industries Limited (RIL) and is expected to launch commercially later this year. The world’s largest start-up is currently creating infrastructural support for its digital services through the set up of one million recharge outlets and five lakh activation outlets.

In order to create a seamless user experience, Jio is entering into partnerships, launching devices, and also raising funds to enhance its services.

Partnership with Hotstar

Jio has recently partnered with the content platform Hotstar. In addition to being able to view Hotstar’s varied media offerings, Jio customers will also be granted access to premium Hotstar content for free.

Launch of JioFi 2

Reliance Jio also launched its new hotspot device called JioFi which retails at Rs. 2,899. The device exclusively works with HP laptops and offers laptop owners free 4G services. Additionally, these HP users may use unlimited SMS, data, and calling services for free over a period of three months as a part of the Jio preview offer.

The device is currently in its beta phase and therefore, one can only purchase a JioFi router after having received an invite email. Industry sources expect the device to be made available commercially after its test phase.


Reliance Jio introduced another LYF smart phone, called the WIND 2, which is the second one in the WIND series after WIND 1. Priced at Rs. 8,299, the device has a 6-inch screen and offers a rich 720p resolution. The smart phone is powered by a 1GHz quad-core 64-bit processor and runs on Android 5.1. With respect to storage, the phone comprises 2GB RAM and 16GB of internal storage. Additionally, it also has a superior 8MP camera.

Reliance Jio’s LYF smart phones are making an impact in the market with regard to shipment rates and, the telecom operator intends to widen its reach further with the help of its preview offer. The Jio preview offer allows individuals to avail of free unlimited Jio data, calling, and premium applications for 90 days.

Smart phone manufacturers

Mukesh Ambani led Reliance Jio also intends to collaborate with leading smart phone manufacturers in order to market its quality services. The telecom operator has already extended its preview offer of three months. Jio’s tie-up with Samsung allowed users to access unlimited data services and video calls, 4,500 minutes of voice calling, and other value-added Jio services, free of cost for three months.

Fundraising for Jio

In May 2015, Jio had borrowed an amount of $750 million on a 10-year repayment period from nine banks. Following that, October 2015 witnessed the raising of Rs. 3000 crore through the issue of Jio’s non-convertible debentures.

In July 2016, RIL stated that it plans to add Rs. 15,000 crore to Jio’s capital which would increase the total investment to approximately Rs. 60,000 crore according to industry analysts.


Prior to Jio’s commercial launch, which is expected to occur later this year, the telecom operator has partnered with content platform Hotstar, and leading phone manufacturers to expand its customer base.

Reliance Retail Launches LYF WIND 2 Phablet at Rs. 8,299

August 4, 2016

Mukesh Ambani led Reliance Retail recently launched another device under its LYF brand called the WIND 2, at Rs. 8,299. The reasonably priced phablet is available for purchase from all Reliance outlets and other smart phone retailers across the country.


Sporting a metallic frame and a sleek glass display, the WIND 2 smart device offers a dual SIM facility. The device approximately weighs 233 grams and is 157.5mm x 81mm x 8.5 mm in terms of dimensions. The phablet’s screen is an HD 6-inch touch screen which facilitates five simultaneous touch points.

Storage capacity

WIND 2 offers 2GB RAM and 16GB of internal storage. Users may utilize the second SIM slot for inserting a microSD card in order to boost the storage of the phablet, which is expandable up to 32GB.


WIND 2 runs on Android 5.1.1 Lollipop and is powered by a 64-bit quad-core MediaTek 6735M processor. Four of its ARM Cortex A53 cores function simultaneously at the speed of 1GHz in order to elevate user experience. Graphics are supported by the Mali T720 MP1 GPU that operates with a single core running at 600MHz.


The front and back cameras of this phablet allow users to capture photographs at a resolution of 2MP and 8MP respectively. The rear camera has an inbuilt LED flash and allows individuals to enjoy features like the Multi-Angel View and Auto Scene Detection. The front camera offers features like Smile Detection and Facial Recognition. Additionally, the device records videos at 30 frames per second on a 720p resolution.

Battery life

The device’s battery is made of lithium-ion and is non-removable. The 2850 mAh battery allows a user to play HD videos for 6 hours or remain on standby mode for a period of 190 hours when fully charged.


The smart device supports Cat 4 LTE as well as VoLTE technologies. It also offers users connectivity options like Wi-Fi, Bluetooth, GPS, MicroUSB port, and USB OTG. USB OTG allows individuals to connect pen drives to their devices with the help of adapters. This can aid the easy transfer of data. 

LYF smart phones

Mukesh Ambani owned Reliance Digital recently announced another price cut on a few of its smart phones. Prior to the launch of Jio’s 4G services, Reliance is aiming to widen its reach by making 4G smart phones equipped with LTE technology affordable for the masses.

LYF WATER 7 is now available for purchase at Rs. 9999, WIND 5 at Rs. 5999, WIND 6 at Rs. 4999, and FLAME 1 at Rs. 4199. This indicates a discount of Rs. 3000, Rs. 1000, Rs. 1000, and Rs 800 respectively.

The highlights of these devices are the free Jio services. LYF users are granted access to unlimited VoLTE voice calling, high-speed 4G data services, and Jio’s premium applications. The applications range from music streaming services, live TV streaming, to an antivirus application.


Reliance Retail’s LYF brand launches WIND 2, an affordable phablet at Rs. 8299.

Reliance Jio Plans to Expand its Customer Base through Preview Offers

July 27, 2016

Reliance Industries (RIL) is making its foray into the broadband and telecom sector through its digital arm Reliance Jio. Therefore, in order to expand its user base and encourage individuals to switch to Jio, the world’s largest start-up is partnering with leading smart phone manufacturers.

Subscriber base

Due to the referral invite system and tie-ups with phone manufacturers, Jio has already acquired a consumer base of 1.5 million individuals much before its commercial launch. This comprises LYF buyers, retailers, employees, and business partners.

Predictions are being made by leading industry analysts regarding the launch date and Jio’s expansion. Morgan Stanley reports stated that the company will garner an estimated 30 million subscribers by the end of the current financial year. This will enable Jio to earn over $ 1 billion through revenue.

Jio’s long-term plan

Jio’s strategy is focused on providing non-LYF smart phone users the opportunity to avail of Jio’s services. This would help in attracting consumers to test the network. The tie-ups with several smart phone brands offer the buyers limited access to data services through Jio SIM cards. These allow the individuals to make use of free unlimited data and calling plans for 90 days. Satisfied customers would then be offered the mobile number portability (MNP) option on expiry of the trial period.

The company is also emphasizing on its Jio Join application which would allow non LTE-enabled smart phones to also make VoLTE calls using Jio SIM cards. The app is available on Google Play Store and enables HD voice calling, media-rich messaging, and seamless file sharing.

Smart phone associations

Mukesh Ambani led Reliance Jio recently collaborated with Samsung and many other partnerships are expected in the near future. The upcoming telecom provider intends to associate with all leading manufacturers of smart phone devices in order to thoroughly penetrate the market. A partnership with Apple iPhones is said to be next on the cards.

The company is conducting tests on the smart devices to ensure their compatibility with Jio services. The phones that qualify are expected to help Jio reach out to more demographics, thereby, also increasing the sales of the affiliated devices.

Jio and Samsung

On purchase of select Samsung devices, customers will now be able to avail of Jio SIMs. This would enable them to access unlimited free data and voice calling in addition to using premium Jio applications. The offer also helped Samsung boost its sales by 15-20% according to an industry source.

Fundraising for Jio

The parent company of Jio, Reliance Industries Limited (RIL) released rights issue to its shareholders which helped the company raise Rs. 15,000 crore. The amount will be used to enhance Jio’s network services and will help it cover 90% of the Indian population within two years of its commercial launch.

Additionally, out of the Rs. 1.5 lakh crore investment made by RIL, Rs. 1.34 lakh crore is being used to increase the spectrum coverage and enhance the network.


Reliance Jio is devising a strategy to expand its current consumer base of 1.5 million users through tie-ups with phone manufacturers.


July 22, 2016

Mumbai, 21st July, 2016: An avid reader who is also a compulsive writer, a thought leader, often sharing her discernment at public forums, Gunjan Jain along with Penguin Random House India today launched her debut book – She Walks, She Leads in Mumbai. The book is an anthology of 24 women achievers who are at the pinnacle of their profession. The anthology is likely to be the first of its kind in the global publishing industry to feature over 150+ leaders who have authorized their presence and is likely to be in Guinness for its achievements. The first copy of the book is releasing on 15th of August 2016 and will be available at all the leading bookstores across India for Rs. 799.Nita Ambani at the Book Launch Event

Ms. Nita Ambani and Mr. Deepak Parekh supported the launch event in the city and invited their key guests for the evening. Some of the prominent faces in attendance were Mr. Shahrukh Khan, Mr. Mukesh Ambani, Ms. Isha Ambani, Mr. Anant Ambani, Mr. Akash Ambani, Ms. Anupama Chopra, Ms. Chhaya Momaya, Mr. Gautam Singhania, Ms. Nandita Das, Ms. Parmeshwar Godrej, Ms. Rajashree Birla, Mr. Subhash Chandra, Ms. Zia Mody, Mr. Kumar Mangalam Birla & Ms. Chanda Kochhar etc. The evening kicked off with welcome remarks and opening speech by Ms. Nita Ambani and Mr. Ajay Piramal followed by book unveiling and book reading by Ms. Swati Piramal. This was trailed by a panel discussion with Mr. Ajay Piramal, Mr. Adi Godrej and Mr. Suhel Seth on ‘The Pursuit of Success: Do men and women do it differently?’

Nita Ambani at the launch of Book-She Walks, She Leads.jpg

She Walks, She Leads, covers 24 women across 24 chapters, each based on extensive interviews with the protagonist and enlivened with the views and comments by her professional associates, peers, friends and family members. More than 130 leading personalities from a wide range of professions have lent their voices on these featured women providing rare insights of their life and considerably enrich their stories.

Women featured in book are Ms. Nita Ambani, Ms. Sudha Murty, Ms. Priyanka Chopra, Ms. Kareena Kapoor Khan, Ms. Sania Mirza, Ms. Saina Nehwal, Ms. Indira Nooyi, Ms. Mary Kom, Ms. Parameshwar Godrej, Ms. Rajashree Birla, Ms. Yasmeen Premji, Ms. Anu Aga, Ms. Chanda Kochhar, Ms. Naina Lal Kidwai, Ms. Kiran Mazumdar Shaw, Ms. Zia Mody, Ms. Swati Piramal, Ms. Shabana Azmi, Ms. Mira Nair, Ms. Anamika Khanna, Ms. Ritu Kumar, Ms. Jyotsna Darda, Ms. Shobhana Bhartia, and Ms. Indu Jain.

“I am delighted to be part of the launch of She Walks, She Leads, which is a remarkable collection of stories about Women who inspire India. I am glad to see a book that acknowledges strong women leaders and their contribution towards the society, from various walks of life like business, art, sports and media. I believe that successful women must be recognized not only because they deserve appreciation but it also encourages other women to face all odds and emerge as successful and confident personalities. Gunjan Jain has a fine ability to express the finest nuances of one’s life for inspiration for all.” Says, Deepak Parekh, Chairman, HDFC Group.

“I have always believed that women have the ability to inspire change to make the world a better place through the multiple roles they play. Gunjan has beautifully crafted different roles of 24 women achievers in her book – stories that exemplify their commitment to excellence in whatever they do and which can inspire a whole generation of women. Congratulations to every woman featured in this book.” Says, Nita Ambani, Founder and Chairperson of Reliance Foundation. 

Nita Ambani with Shah Rukh Khan at the Book Launch.jpg

After immense hard work and meeting with connoisseurs from all walks of life, Gunjan Jain says, “I am thrilled to launch my first book. It’s always been my dream to be an author and inspire people, especially women since I was very close to my mother. Meeting with so many dynamic professionals and writing this book has been a prodigious experience all together. Interacting with the women achievers of India and learning about their stories has been of great privilege. I have immense gratitude for them to take out time from their busy schedules to make my debut book a success.”

Gunjan Jain interviewed more than 130 heads of leading businesses and corporate houses, statesmen and professional personalities who have given their personal views on the woman achiever concerned. Some of the icons who have contributed their thoughts in the book are Mukesh Ambani, Azim Premji, Narayana Murthy, Adi Godrej, Kumar Managalam Birla, Narayanan Vaghul, KV Kamath, Sunil Mittal, Raghav Bhal, Subhash Chandra, Dr Shashi Tharoor, Sanjiv Goenka, Nandan Nilekani, Dr Vishal Sikka, KV Kamath, Ronnie Screwvala, Ajay Piramal, Anand Mahindra, Cyril Shroff, Vijay Mallya, Yuvraj Singh, Sonam Kapoor, Sachin Tendulkar, Karan Johar, Shah Rukh Khan, Akash and Isha Ambani and many others.


This book is written by a debutant author on women such as Ms. Nita Ambani, Ms. Sudha Murty, Ms. Priyanka Chopra, Ms. Chanda Kochhar, Ms. Sania Mirza, Ms. Saina Nehwal, Ms. Indira Nooyi, Ms. Mary Kom and many others who inspire India.