Mukesh Ambani looks to repeat Jio as Reliance ties up with Nvidia to build AI infra
Reliance is partnering with Nvidia to set up AI infrastructure in India.
Reliance is partnering with Nvidia to set up AI infrastructure in India.
Sunil Bharti Mittal-led Airtel and Reliance had lobbied for auction of satellite spectrum.
RIL is first Indian company to cross ₹1 lakh crore in pre-tax profits as Jio, Reliance Retail emerge industry leaders.
Jio users will get up to 100 GB of free cloud storage, to store and access all their photos, videos, documents, all other digital content, and data.
The decision to spin off or IPO Jio hinges on balancing the upside potential of full value unlocking in the spin off with the lower controlling stake, says Jefferies.
Hashtags such as 'BoycottJio' and 'BSNL ki Ghar Wapsi' (Homecoming of BSNL) have been trending on social media platform X.
Jio's ₹239 monthly plan, which offers 1.5 GB of data per day, will now cost ₹299—an increase of 25%.
Jio's 5G user base, now at a staggering 108 million, ranks second globally, with these users contributing over a quarter of its wireless data traffic.
Of the ₹79,020 crore net profit in FY24, ₹21,423 crore came from Jio and ₹11,101 crore from retail.
The telecom operator's revenue from operations rose 11% year-on-year to ₹25,959 crore in the fourth quarter.