Reliance Jio and Bharti Airtel have announced tariff hikes. This move will boost the companies’ average revenue per user and profit, as per the experts. Experts had anticipated these tariff hikes after the Lok Sabha elections due to declining revenues and margins in the sector. Telecom companies need capital to invest in spectrum and cutting-edge ...

Jio Financial Services, a subsidiary of Reliance Industries, has made its debut on the stock exchanges. The company started trading at around Rs 262 on the NSE and Rs 265 on the BSE. Its market capitalization was estimated at Rs 1.66 lakh crore at the time of listing. Jio Financial Services primarily operates in the ...

Zerodha, a stock broker firm, has received the final regulatory approval to establish its Asset Management Company (AMC). This was announced and confirmed by the company’s founder, Nikhil Kamath, on social media platform X (formerly Twitter). This allows Zerodha to enter the mutual fund business. They had applied for this approval nearly 19 months ago ...

RIL’s shares reached an intraday high of ₹2756 apiece on the NSE, surpassing its previous all-time high of ₹2755 per share. The market capitalization of Reliance Industries also surpassed ₹18 lakh crore. Reliance Industries Ltd (RIL) witnessed strong buying interest in the Indian stock market. All these happened after the announcement of the demerger of ...

In the third major deal in as many weeks, Reliance has announced the sale of 2.32% of stake in Jio to American private equity firm Vista Equity Partners. After Facebook and Silver Lake, American tech-equity firm Vista will be investing Rs 11,367 crore in Jio for a 2.32% stake in the platform. This deal values ...