Reliance Industries, SBI to tie-up for payments bank venture

Close on the heels of Airtel tying up with Kotak Mahindra Bank, Mukesh Ambani’s Reliance Industries Ltd has announced that government-controlled State Bank of India will be its partner in its payment bank venture. The day also saw Future Group, which runs Big Bazaar, and Idea Cellular, announcing that they too have applied for payments […]

Reliance Jio joins Airtel and Vodafone at COAI

Reliance Jio Infocomm, part of Mukesh Ambani-led Reliance Industries, has joined India’s biggest telecom operators’ association, COAI, joining hands with Airtel, Vodafone and Idea. In contrast, Reliance Communications, led by brother Anil Ambani, is part of the rival association, AUSPI. Tata Teleservices is also part of Auspi. Facebook had recently joined COAI as a core […]

Reliance Jio to be a ‘formidable competitor’ – Moody’s

Reliance Jio is potentially a formidable competitor in India’s telecom sector, credit rating agency Moody’s said, saying the ratings of all telecom companies will be impacted negatively due to the launch of services by Reliance Jio next year. “It will enter the Indian telecom space as a well-capitalized entity, supported by the financial muscle of […]

Rcom extends agreement with Reliance Jio to within-city fiber

After tying up contracts for leasing out towers and inter-city (between city) fibre connections, Anil Ambani’s Reliance Communications has signed a deal with Mukesh Ambani’s Reliance Jio Infocomm to lease out intra-city (within city) fibre to connect individual towers. The agreement comes three months after RCom said it was in talks with Reliance Jio to […]

Reliance Jio reveals future plans

Reliance Jio Infocomm Ltd said it will use the towers of Bharti Infratel for its pan-India LTE rollout, and gave more details of its plans. The company said it will offer connectivity, communication and various digital services on pan India basis in key domains such as education, healthcare, security, financial services, government citizen interfaces and […]

Reliance Jio could corner 20% of mobile data market by 2017-18 – report

Reliance Jio Infocomm could overtake Anil Ambani’s Reliance Communications in revenue over the next four to five years and corner 11% of the total wireless market, an analyst with a prominent global financial group has predicted.  By the 2017-18, Reliance Jio and Reliance Communications would have very similar mobile voice revenue market share, at about […]