Jio is seeking commitments for as much as Rs 5,000 crore of notes maturing in 5 years at a coupon of 6.20%. The firm last tapped the rupee bond market in July 2018.
The sector-wide tariff hike underscores that the bruising price war since Jio’s entry in 2016 is phasing out and will reduce financial stress for Airtel and Vodafone Idea Ltd.
JioPhone Next will run a re-engineered version of Android operating system & deliver translation features, a voice assistant & a great camera, Sundar Pichai said.
In the first half of this fiscal, tech sectors attracted a bulk of the FDI, but govt is hopeful that some of its decisions will attract inflows into other sectors too.
Twitter users share photos of bags of wheat bearing Reliance Jio name, comment on how farmers' protest is justified. However, company is strictly a digital arm of Reliance Group.
In conversation with Facebook CEO Mark Zuckerberg, Mukesh Ambani talked about Facebook and Jio's partnership and explained how it will benefit India in the long run.
Jio teaming up with Qualcomm for 5G leaves the company immune to political disputes linked to Chinese equipment vendors that global operators are embroiled in.
The telecom operator is working to identify potential investors in US & could also raise part of the funds through other methods such as an offering of equity-linked securities.
Driving an electric vehicle for months, the Hyundai IONIQ5, BMW iX and now the Kia Carens Clavis electric, has convinced me of the viability of EVs for city and mid-range commutes.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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