RIL to go big on investments in solar, 5G & retail
Reliance Industries invested ₹99,472 crore and ₹79,667 crore in FY22 and FY21, respectively, for expanding telecom and retail businesses, besides acquisitions.
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Reliance Jio Q4 net profit soars 24% to ₹4,173 cr
Reliance Jio Infocomm paid ₹6,533 crore as network operating expenses and ₹2,504 crore as license fees and spectrum charges in Q4 FY22.
Jio’s new subsea cable system to connect Maldives directly to India, Singapore
The multi-terabit India-Asia-Xpress (IAX) undersea cable system will connect directly to Singapore, with branches including additional landings in India, Malaysia, and Thailand, says Jio.
Reliance Jio prepays ₹30,791 cr spectrum liabilities; eyes ₹1,200 cr interest saving
The prepayment of deferred spectrum liabilities will result in interest cost savings of around ₹1,200 crore annually, at the current interest rates.
A strong balance sheet and RIL’s growth plans
The oil-to-telecom behemoth has created a strong balance sheet that supports growth plans for three hyper-growth engines—Jio, Retail, and O2C. And as part of CSR, it’s also in the healthcare space.
Pandemic poses hurdles for Reliance Retail
The oil-to-telecom conglomerate is trying its best to deal with the second wave of Covid-19-induced disruptions in its retail operations. But it will be difficult for Reliance Retail to escape unhurt.
Data is the new oil
How Mukesh Ambani-led Reliance Industries is on a mission to prove the above statement right by stringing together its “pearls”—investments into apparently unrelated sectors.
RIL’s credit rating could be upgraded
Facebook’s $5.7-billion investment in RIL’s subsidiary will help both companies monetise their digital platforms; it will also aid in deleveraging RIL’s balance sheet, says Fitch Ratings.
FACEBOOK AND JIO INK $5.7-BN DEAL
The mega deal will help RIL deleverage and expand its new commerce initiative, while giving Facebook, Instagram, and WhatsApp access to Jio’s 388 million users.
Jio Platform’s valuation may only be second to Amazon
According to a Jefferies research report, at an estimated valuation of $65 billion-$70 billion, the newly formed Jio Platform’s EV/Ebitda multiple could be ahead of Alibaba, Alphabet, and Apple.
