Reliance
Reliance builds technology & innovation portfolio for Green Energy foray through partnerships, acquisitions, R&D
During FY22, Reliance completed acquisitions and investments of over Rs 5,500 crore to build capabilities in New Energy. Reliance's partnerships includes companies like Ambri in the US, Faradion in the UK and The Netherlands-based Lithium Werks in the energy storage space.
Reliance Jio may launch 5G services in India on Independence Day
"Jio is committed to offering world-class, affordable 5G and 5G-enabled services. We will provide services, platforms and solutions that will accelerate India's digital revolution, especially in crucial sectors like education, healthcare, agriculture, manufacturing and e-governance," Akash Ambani had emphasised after emerging as the leader in the 5G spectrum auction, including the pricey 700 MHz band.
We'll celebrate 'Azadi ka Amrit Mahotsav' with 5G rollout: Akash Ambani
Jio said that its unique 700 MHz spectrum footprint will make it the only operator providing "true 5G" services across the country. "The speed, scale and societal impact of Jio's 4G rollout is unmatched anywhere in the world. Now, with a bigger ambition and stronger resolve, Jio is set to lead India's march into the 5G era," said Akash M Ambani, Chairman, Reliance Jio Infocomm.
Reliance Jio leads 5G spectrum auction with Rs 88,078 cr: Ashwini Vaishnaw
Sunil Mittal's Bharti Airtel was the second-highest bidder with 19,867 MHz spectrum in various bands worth Rs 43,084 crore, in the auction that spanned for seven days with 40 rounds. Vodafone Idea, at third place, received 2,668 MHz worth Rs 18,784 crore while a unit of Adani Group acquired 400 MHz spectrum in 26 GHz band worth Rs 212 crore.
5G spectrum auction sees bids worth Rs 1,50,130 cr after 37 rounds
Led by Reliance Jio with over Rs 80,100 crore and Bharati Airtel with around Rs 50,000 crore worth bids, the 5G spectrum auction will continue on Monday. While Vodafone Idea has placed bids for about Rs 15,000 crore, a unit of Adani Enterprises has placed bids around Rs 5,000 crore.
RCAP resolution plan submission deadline likely to be extended yet again
According to sources, few bidders, including Piramal, Torrent, Oaktree and IndusInd, have written to the RCAP Administrator to extend the deadline by 20 to 35 days. The RCAP resolution plan submission date has already been extended four times in the past couple of months. The current deadline to submit the plan ends on August 10, while the original date was May 26.
India sees 5G spectrum bids worth Rs 1,49,855 cr, Reliance Jio leads
The bids for 5G airwaves are being led by Reliance Jio, followed by Bharti Airtel, Vodafone-Idea and a Gautam Adani company. According to Union IT Minister Ashwini Vaishnaw, the cumulative bid on Day 3 (Thursday) had reached Rs 1,49,623 crore. Vaishnaw said that the ongoing 5G spectrum auction indicates that the country's telecom industry has come a long way in 5G advancements.
Reliance Jio posts robust set of numbers for Q1 FY23
As per the results, Reliance Jio revenue from operations jumped 21.6 per cent to Rs 21,873 crore compared to Rs 17,994 crore in the June 2021 quarter. The pre-tax profits were up by 23.9 per cent to Rs 5,818 crore compared to Rs 4,695 crore in June 2021. The net profit for the quarter was up 23.8 per cent to Rs 4,335 crore compared to Rs 3,501 crore in the corresponding quarter of last year.
Reliance Industries posts record consolidated revenues at Rs 2.42 lakh crore in Q1 FY23
The consolidated Net Profit for the quarter was Rs 19,443 crore ($2.5 billion), higher by 40.8 per cent. EPS for the quarter was Rs 26.6 per share which increased by 42.7 per cent. Reliance's exports for the quarter was Rs 96,212 crore ($12.2 billion), higher by 71.3 per cent. RIL's capital expenditure (including exchange rate difference) for the quarter ended 30th June, 2022 was Rs 31,434 crore ($4.0 billion).
Reliance Retail to bring Gap brand to India
Through the long-term franchise agreement, Reliance Retail has become the official retailer for Gap across all channels in India, Reliance Retail said. Reliance Retail will introduce Gap's latest fashion offerings to Indian consumers through a mix of exclusive brand stores, multi-brand store expressions, and digital commerce platforms.
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