'83% downside': Goldman Sachs turns bearish on Vi amid unclear market share recovery
Vi’s recent capital raise, while incrementally positive, is unlikely to be adequate to stop the company’s market share erosion, says Goldman Sachs.
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September 2024
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RIL’s overall business set to double by 2030: Nuvama
Reliance’s new energy business to match O2C’s profitability in the next 5-7 years, adding over 50% to the consolidated PAT of the Group.
Reliance Jio Q1 profit surges 12% to ₹5,445 cr
India’s largest telecom service provider records 10% growth in its Q1 FY25 revenue at ₹26,478 crore
Reliance Jio adds 2.19 mn mobile customers, Airtel gains 1.25 mn
In May 2024, Reliance Jio and Bharti Airtel collectively expanded their wireless subscriber base by 3.44 million users
RIL share hits one-year high; becomes 1st Indian co. to hit ₹21 lakh cr m-cap
RIL share hits a 52-week high a day after its telecom arm hiked tariff prices by up to 25%; RIL shares are up 20.22% in the calendar year
Reliance Jio raises tariff by up to 25%
Jio's ₹239 monthly plan, which offers 1.5 GB of data per day, will now cost ₹299—an increase of 25%.
Spectrum auction concludes with ₹11,340 cr bids; here’s how telecom stocks react
Bharti Airtel emerged as the biggest bidder by securing 69% of the total MHz on offer, followed by VIL at 21%, and RJio at 10%.
Spectrum auction: Reliance Jio acquires 1800 MHz for ₹974 cr
Jio has acquired the right to use spectrum in the 1800 MHz band in Bihar and West Bengal for ₹973.63 crore.
ACT Builds Up Talent Pool For Growth
Employees undergo training to fill skill gap to navigate the future.
RIL's profit from consumer business to leapfrog petroleum
RIL's petroleum business posted a net profit of ₹9,924 crore in the December quarter, while the consumer businesses together registered a profit of ₹8,610 crore.
