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Jio Payment Solutions Gets RBI Nod to Operate as Online Payment Aggregator
India's Jio Payment Solutions, a wholly-owned subsidiary of billionaire Mukesh Ambani-led Reliance Group firm Jio Financial Services, has received the central bank's approval to operate as an online payment aggregator, Jio Financial said on Tuesday.
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JioFinance App With UPI, Utility Payments and Loan Functionality Launched in India
The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app, which is now available widely for users in the country, offers facilities such as carrying out UPI transactions, monitori...
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JioFinance App With UPI, Banking Services Launched in Beta By Jio Financial Services
JioFinance was launched on Thursday in beta form by Jio Financial Services. The newly announced JioFinance platform offers a range of digital banking services, including UPI transactions, bill payments, and insurance advisory in a single app. Future updates will expand loan solutions, beginning with loans on mutual funds and gradually introducin...
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Reliance-Backed Group Unveils Hanooman, a Series of Indic Language AI Models: Report
Hanooman, a series of language models focused towards the Indian demographic was unveiled on Wednesday, February 21, as per a report. The AI model was reportedly showcased at a recent technology event in Mumbai. It supports 11 Indian regional languages and will operate in the fields of healthcare, governance, financial services, and education.
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Jio Financial Denies It Is In Talks To Acquire Paytm's Wallet Business
Jio Financial Services Ltd has denied that it had not been in talks with Paytm to buy its wallet business amid a crackdown by the Reserve Bank of India (RBI) over violation of norms.
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‘CBDC and Blockchain’: Mukesh Ambani’s Jio Financial Services Set to Make Web3 Foray
Mukesh Ambani has announced that Jio Financial Services (JFS) will be Reliance’s point of entry into the Web3 arena. Exploring blockchain and the eRupee CBDC, JFS will soon offer digital asset management services in India in partnership with BlackRock.
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Opinion: Why Mukesh Ambani Is Spinning Off Jio Financial Services Ltd.
To record all the words ever spoken by humankind, five exabytes of storage would be enough. Indian tycoon Mukesh Ambani's telecom customers used up nearly six times as much data last quarter.
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Reliance to Demerge Financial Services Arm, List Jio Financial Services on Stock Exchanges
Reliance Industries on Friday announced that it would demerge the company's financial services arm which would be listed on the stock exchanges, while shareholders would be issued one equity share of Jio Financial Services Ltd (JFSL) for every share they held in the company. The transaction is subject to customary statutory and regulatory approvals...
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Airtel Reports 16.6 Percent YoY Increase in Mobile Data Consumption, Posts 22 Percent Rise in Q2 Revenue
Airtel on Monday reported a 22.2 percent increase in quarterly revenue, with an average revenue per user (ARPU) of Rs. 183, up from Rs. 146 a year earlier. The ARPU of rivals Reliance Jio and Vodafone Idea was Rs. 175.7 and Rs. 128 , respectively. Last year, Airtel said that mobile ARPU needed to be at 200 rupees and ultimately at 300 rupees, for a...
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Airtel Chairman Sunil Mittal's Remuneration Falls Nearly 5 Percent in FY22: Details
Bharti Airtel chairman Sunil Mittal's remuneration fell nearly 5 percent in the financial year 2021-22 to Rs. 15.39 crore on lower perquisite value, according to the telecom company's annual report.
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Vodafone Idea Elevates Akshaya Moondra as CEO; to Replace Ravinder Takkar
Telecom firm Vodafone Idea announced the elevation of present chief financial officer Akshay Moondra as its new chief executive officer with effect from August 19, the company said in a regulatory filing.
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India Cabinet Said to Not Take Up Proposal for Telecoms Financial Relief Measures
India's federal cabinet did not take up proposals for providing financial relief to the country's cash-strapped telecoms sector, a government source said.
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Reliance Jio Added 25.1 Million Customers in Q3, APRU Increased to Rs. 151
Reliance Jio added 25.1 million customers in the Q3 ending December 31. The company released its financial performance report for wherein it shared a churn rate of 1.63 percent was caused by continuing impact of COVID-19 and malicious campaigns against the company.
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Jio Added 1.75 Crore Subscribers in Last Quarter, Hits 38.75 Crore Total Subscribers
Reliance Industries Limited (RIL) has announced that Jio subscriber base has reached 38.75 crore. In its financial and operational performance report ending March 31, the conglomerate revealed that Reliance Jio added over 1.75 crore subscribers in the January to March 2020 quarter.
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Coronavirus Lockdown Will Cause Gridlock to 5G Rollout in India
How long should we wait for 5G rollout in India post the coronavirus lockdown?
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Jio Payment Solutions Gets RBI Nod to Operate as Online Payment Aggregator
India's Jio Payment Solutions, a wholly-owned subsidiary of billionaire Mukesh Ambani-led Reliance Group firm Jio Financial Services, has received the central bank's approval to operate as an online payment aggregator, Jio Financial said on Tuesday.
-
JioFinance App With UPI, Utility Payments and Loan Functionality Launched in India
The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app, which is now available widely for users in the country, offers facilities such as carrying out UPI transactions, monitori...
-
JioFinance App With UPI, Banking Services Launched in Beta By Jio Financial Services
JioFinance was launched on Thursday in beta form by Jio Financial Services. The newly announced JioFinance platform offers a range of digital banking services, including UPI transactions, bill payments, and insurance advisory in a single app. Future updates will expand loan solutions, beginning with loans on mutual funds and gradually introducin...
-
Reliance-Backed Group Unveils Hanooman, a Series of Indic Language AI Models: Report
Hanooman, a series of language models focused towards the Indian demographic was unveiled on Wednesday, February 21, as per a report. The AI model was reportedly showcased at a recent technology event in Mumbai. It supports 11 Indian regional languages and will operate in the fields of healthcare, governance, financial services, and education.
-
Jio Financial Denies It Is In Talks To Acquire Paytm's Wallet Business
Jio Financial Services Ltd has denied that it had not been in talks with Paytm to buy its wallet business amid a crackdown by the Reserve Bank of India (RBI) over violation of norms.
-
‘CBDC and Blockchain’: Mukesh Ambani’s Jio Financial Services Set to Make Web3 Foray
Mukesh Ambani has announced that Jio Financial Services (JFS) will be Reliance’s point of entry into the Web3 arena. Exploring blockchain and the eRupee CBDC, JFS will soon offer digital asset management services in India in partnership with BlackRock.
-
Opinion: Why Mukesh Ambani Is Spinning Off Jio Financial Services Ltd.
To record all the words ever spoken by humankind, five exabytes of storage would be enough. Indian tycoon Mukesh Ambani's telecom customers used up nearly six times as much data last quarter.
-
Reliance to Demerge Financial Services Arm, List Jio Financial Services on Stock Exchanges
Reliance Industries on Friday announced that it would demerge the company's financial services arm which would be listed on the stock exchanges, while shareholders would be issued one equity share of Jio Financial Services Ltd (JFSL) for every share they held in the company. The transaction is subject to customary statutory and regulatory approvals...
-
Airtel Reports 16.6 Percent YoY Increase in Mobile Data Consumption, Posts 22 Percent Rise in Q2 Revenue
Airtel on Monday reported a 22.2 percent increase in quarterly revenue, with an average revenue per user (ARPU) of Rs. 183, up from Rs. 146 a year earlier. The ARPU of rivals Reliance Jio and Vodafone Idea was Rs. 175.7 and Rs. 128 , respectively. Last year, Airtel said that mobile ARPU needed to be at 200 rupees and ultimately at 300 rupees, for a...
-
Airtel Chairman Sunil Mittal's Remuneration Falls Nearly 5 Percent in FY22: Details
Bharti Airtel chairman Sunil Mittal's remuneration fell nearly 5 percent in the financial year 2021-22 to Rs. 15.39 crore on lower perquisite value, according to the telecom company's annual report.
-
Vodafone Idea Elevates Akshaya Moondra as CEO; to Replace Ravinder Takkar
Telecom firm Vodafone Idea announced the elevation of present chief financial officer Akshay Moondra as its new chief executive officer with effect from August 19, the company said in a regulatory filing.
-
India Cabinet Said to Not Take Up Proposal for Telecoms Financial Relief Measures
India's federal cabinet did not take up proposals for providing financial relief to the country's cash-strapped telecoms sector, a government source said.
-
Reliance Jio Added 25.1 Million Customers in Q3, APRU Increased to Rs. 151
Reliance Jio added 25.1 million customers in the Q3 ending December 31. The company released its financial performance report for wherein it shared a churn rate of 1.63 percent was caused by continuing impact of COVID-19 and malicious campaigns against the company.
-
Jio Added 1.75 Crore Subscribers in Last Quarter, Hits 38.75 Crore Total Subscribers
Reliance Industries Limited (RIL) has announced that Jio subscriber base has reached 38.75 crore. In its financial and operational performance report ending March 31, the conglomerate revealed that Reliance Jio added over 1.75 crore subscribers in the January to March 2020 quarter.
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Coronavirus Lockdown Will Cause Gridlock to 5G Rollout in India
How long should we wait for 5G rollout in India post the coronavirus lockdown?
