jio platforms

Image Source : JIO Jio Platforms launches Jio Brain Jio Launches Jio Brain: Jio Platforms has recently introduced a new AI platform called Jio Brain, developed with the collaboration of hundreds of engineers in their research and development team over the past two years. According to Aayush Bhatnagar, Senior Vice President at Jio, Jio Brain integrates machine…

Digital services company Jio Platforms on Friday posted a 12.5% year-over-year rise in net profit at Rs 5,098 crore in the June 2023 quarter on account of subscriber additions and better realisation per user. The company had posted a net profit of Rs 4,530 crore in the same period a year ago. The revenue from operations of Jio Platforms came in at Rs 26,115 crore during the reported quarter, up 11.3% from 23,467 crore over the year-ago period. The net subscriber addition of the company surpassed 90 lakh with total data…

Reliance Jio Infocomm reported its first quarter results of the fiscal year 2024. Mukesh Ambani-led has reported a 12.2% on-year rise in net profit in the first quarter of FY24. The telecom company's March quarter revenue from operations came in at Rs 24,042 crore in comparison to Rs 23,394 crore in the quarter ending March 31, 2023 and Rs 21, 873 crore in the year-ago period. Reliance Jio Infocomm is the telecom unit of Jio Platforms, which runs the digital services of Reliance Industries Limited.The company's net profit…

On 4 July, Reliance subsidiary Jio Platforms launched a 4G-equipped feature phone, called Jio Bharat 4G, for under ₹1,000. Other Indian brands also plan to launch inexpensive smartphones. After having…

Image Source : INDIA TV WhatsApp-based self-service food delivery platform Jio Haptik Technologies Limited (Haptik), claimed to be the world’s largest WhatsApp chatbot solution provider, and Zoop, the IRCTC partner for food delivery on trains, have collaborated to bring railway passengers a seamless food ordering and delivery service on their train journeys. Powered by…

Indian oil-to-telecoms conglomerate Reliance Industries said on Friday that Abu Dhabi state fund Mubadala Investment Company will buy a 1.85 percent stake in its digital unit, Jio Platforms, for Rs. 9,093.60 crores.Reliance has now sold a combined 19 percent interest in Jio Platforms, which houses movie, music apps, and telecoms venture Jio Infocomm, in six fundraising deals including a 9.99 percent stake sale to Facebook for Rs. 43,574 crores ($5.7 billion)."With this investment, Jio Platforms has raised Rs. 87,655.35…

India's antitrust watchdog is reviewing Facebook's purchase of a 10 percent stake in Reliance Industries Ltd's digital assets, a deal that would give the US giant another foothold in one of the world's fastest growing Internet markets.The Competition Commission of India looks to prevent misuse of data in all the deals it assesses, Chairman Ashok Kumar Gupta said in an email interview, declining to comment further on the Facebook-Jio transaction pending examination. The regulator is also considering whether new parameters…

Reliance Industries said on Sunday Qualcomm's investment arm will buy a 0.15 percent stake in its digital unit Jio Platforms for Rs. 730 crores ($97.1 million). The partnership will help Jio Platforms, the unit that houses Reliance's telecoms venture Jio Infocomm, to "roll out advanced 5G infrastructure and services for Indian customers", Reliance said in a statement. Qualcomm's move comes at a time India is preparing to auction 5G airwaves to telecoms service providers.With this new investment, Reliance has sold a 25.2…

Alphabet's Google is in advanced talks to invest $4 billion (roughly Rs. 30,140 crores) for a stake in the digital arm of Indian conglomerate Reliance Industries, Bloomberg reported on Tuesday, citing people familiar with the matter.An announcement could come as soon as the next few weeks, according to the report. Google declined to comment, while Reliance did not immediately respond to a request for comment.The report comes a day after Google said it would spend around $10 billion (roughly Rs. 75,000 crores) in India…

Google is investing Rs. 33,737 crores in Jio Platforms for 7.7 percent stake, Reliance Industries Limited (RIL) announced on Wednesday. The new development comes just a couple of days after Jio Platforms received Rs. 730 crores of investment from Qualcomm Ventures. The telecom arm of the Indian conglomerate also recently sold its small stake to Intel's investment arm at Rs. 1,894.50 crores. The fresh investment is a part of Google's India Digitisation Fund worth Rs. 75,000 crores.As a result of Google's investment, Jio…