Mukesh Ambani backed Reliance Retail has raised ₹9,555 crores from a deal with Saudi Arabia’s Public Investment Fund (PIF). The new PIF-Reliance Retail deal ensures that PIF, one of the world’s largest sovereign wealth funds, buys 2% in Reliance Retail. This deal is after its earlier investment of ₹11,367 crore in Jio Platforms and now has a 2.3% share in Jio.
This is much lower than what the other telecom operators are providing which is 4 paise per 10 Kb data. Reliance Digital Xpress stores across Delhi have already received Sim Card kits and the base tariff includes local and STD call at 2 paisa per second, Rs 1 per SMS and Rs 5 for international SMS.
A number of engineers were asked to leave from regions including Delhi, Bhopal, Lucknow and Nagpur, and Kolkata as the infrastructure was built ahead of the schedule. However, few engineers have refused to sign the premature termination papers. The hired engineers had signed a two year contract.
Reliance Jio is gearing up for a soft launch, according to reports. The customers will be given a Jio SIM card for Rs 200 which will come with free data and voice and will provide a validity for three months. The company had launched its 4G services back in December but only for its employees.
Ahead of its Launch, Reliance Jio has announced that it will offer cricket fans free high speed Wi-Fi connectivity at six stadiums across the country. The stadiums include Bangalore’s M.…
LYF Flame 1 and LYF Wind 6 comes for a price of Rs 6,490 and Rs 7,090 respectively. VoLTE and VoWi-Fi features, implying Voice over Long-Term Evolution and Voice over Wi-Fi, will ensure 4G experience for the user when used on a VoLTE network. Both the devices provide HD-quality voice and video calls.
Grocery app based Grofers will now be delivering Reliance’s new 4G smartphones LYF starting from January 29th. The three devices – Lyf Earth 1, Lyf Water 1 and Lyf Water 2 will be available on Grofers at over 150 stores across 13 cities.
Reliance 4G Lyf smartphones are now available at Reliance Digital stores. The devices were earlier launched just for the employees. The handsets have VoLTE feature to support Reliance Jio’s plan of high speed 4G network. The company will be providing after sales service support through 1,000 service centres.
Mukesh Ambani led Reliance Jio and Anil Ambani Led Reliance Communications has signed agreements to share spectrum across 17 circles and for change in Spectrum Allotment in 800 MHz band across 9 Circles from RCOM to RJIL. The companies also intend to enter into reciprocal Intra Circle Roaming arrangements.
The services will be rolled out from 28th December, so as to mark the 83rd birth anniversary of Dhirubhai Ambani. The service will begin with Reliance Group employees and 5 lakh SIM cards will be distributed among them. The commercial launch of the service is expected between between April and June of 2016.
Jio Chat, the instant messaging app from Jio is now available across nine countries, including India. Customers in Canada, United States of America (USA), United Kingdom, United Arab Emirates South Africa, Singapore, Australia and China can now download Jio Chat and chat on iOS and Android devices.
Jio has also tied up with State Bank of India to launch the wallet, which can be connected to bank accounts for anytime banking. The partnership yet to be licensed, will enable financial services distribution by leveraging RIL’s retail and other Jio projects.
Mark Zuckerberg, in a Facebook post announced that Internet.org can now be accessed across the country, through Internet.org’s Free Basics app on the Reliance network. Earlier, ClearTrip, NDTV, DailyHunt and Times Internet withdrew itself from the program, so as to support net neutrality.
The content-usage policies are exactly similar to what net neutrality activists feared the most—by bundling both data and talk time into a single package Reliance Jio could be treading on non-neutral lines.
YU brand smartphones YUPHORIA will be priced at Rs 7999; the YUNIQUE will be priced at Rs 6499, and the YUREKA PLUS at Rs10,999. These models will be one of the first set of VoLTE phones to be made available across Retail Outlets in India
Reliance has decided to hand-out its new ‘LYF’ brand of mobile phones to its employees at a discounted rate, after plans to sell them through their sister company Digital Xpress failed to see any light. Store managers say that they got no notification from the company’s side regarding the launch date yet.