Reliance raises ₹9,555 crores from the new PIF-Reliance Retail deal

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.

Reliance Jio To Offer 10 kb Of Data For 0.5 paisa

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.

Grofers Will Now Deliver Reliance’s 4G Lyf Smartphones

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 Jio And RCom Signs Spectrum Sharing Pact

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.

Reliance Jio To Launch 4G Services By End Of December

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. Now Available Across India For Reliance Users

Mark Zuckerberg, in a Facebook post announced that can now be accessed across the country, through’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.