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Vodafone Idea Q4 Results: Net loss widens vs Q3; ARPU rise to Rs 146

Vodafone Idea’s net loss for the fiscal fourth quarter, FY24, widened sequentially to Rs 7,675 crore, dragged by high debt and even as it continued to lose subscribers.

Jio Financial seeks shareholders approval for up to 49% foreign equity investments

Among the public shareholders, foreign investors own about 19% stake in the company and mutual funds are holding 4.74%, according to the latest shareholding data available with the exchanges.

Reliance Jio Q4 Results: Net profit rises 3% QoQ to Rs 5,307 crore

Jio Infocomm numbers were spot on to analyst estimates, which pegged the company's net profit at Rs 5,308 crore as per an average of estimates compiled by ET. The Mukesh Ambani-led telco’s March quarter revenue from operations came in 2.3% higher sequentially at Rs 30,541 crore compared to Rs 29,853 crore in the fiscal third quarter and Rs 27,539 crore a year ago.

Voda Idea shares up in early trade after Q4 show

Vodafone Idea Stock: Vi's net loss for the fiscal fourth quarter expanded to Rs 7,675 crore, up from Rs 6,986 crore in the previous quarter. The telecom company faces challenges from high debt and ongoing customer losses to competitors like Reliance Jio and Bharti Airtel.

Vodafone Idea cash Ebitda seen growing 32% CAGR during FY24-28

Analysts predict Vodafone Idea's cash EBITDA to grow at a 32% compounded annual rate from FY24-28, aided by customer additions and average revenue per user (ARPU) growth driven by potential tariff increases. Following a targeted fundraise of Rs 45,000 crore, Vi is expected to achieve around 3.3% and 10% compounded annual growth in customer additions and ARPU respectively over FY24-28. However, caution is advised as Vi may need to provide about Rs 22,000 crore in bank guarantees to the government post the completion of the payment moratorium on regulatory payouts in September 2025.

Jio Financial Q4 Results: Net profit rises 6% QoQ to Rs 311 crore

The net profit was Rs 294 crore in the preceding December quarter. For the full year ended March 2024, the financial services company's net profit grew multi-fold to Rs 1,604 crore as against just Rs 31 crore in FY23.

Disney reports small loss but sees improvement in streaming

Disney reported higher revenues Tuesday on a strong performance by its theme parks division and an improving streaming business, but a write-down in the company's India business resulted in a small loss. The entertainment giant cited Walt Disney World Resort, Hong Kong Disneyland and the company's cruise division as areas of strength in parks and experiences, but saw lower results at Disneyland Resorts.

Jio Financial shares surge 5% after NBFC signs agreement with BlackRock

Jio Financial Services' shares surged 5% to Rs 371.75 after partnering with BlackRock, Inc. for wealth management and broking. The joint venture aims to revolutionize India's asset management. The Reliance Industries division, listed separately since August 2023, saw a 6.3% monthly and 47.28% quarterly return.

Vodafone Idea shares get big upgrade from UBS; stock up 5%

Global brokerage UBS upgrades Vodafone Idea to buy, setting target at Rs 18, citing potential relief on government dues and expected mobile price increase. Stock jumps over 5% to Rs 14.82.

Spectrum sale: Limited airwaves, huge investments discourage new entrants, say analysts

Analysts point to a lack of spectrum availability in key bands, coupled with high initial investment requirements of $16 billion for 5G airwaves and network rollouts, as key reasons why no new bidders have applied for the upcoming spectrum auction in Kolkata. Existing operators like Reliance Jio and Bharti Airtel have already deployed countrywide 5G networks, further deterring new entrants due to the significant costs involved.

RIL Q4 Results: Profit falls 2% YoY to Rs 18,951 cr; board approves Rs 10/share dividend

Reliance Industries became the first Indian company to cross the Rs 1 lakh crore threshold in pre-tax profits.The company announced its quarterly earnings for January-March period on Monday. The oil-to-chemicals conglomerate recorded annual consolidated revenue of Rs 10 lakh crore, up 2.6% on a year-on-year basis. It also declared a final dividend of Rs 10 per share. Though the net profit declined by 2% to Rs 18,951 crore for the reported quarter, it exceeded the Street estimates which predicted PAT at Rs 18,227 crore.RIL Q4 Results: Profit falls 2% YoY to Rs 18,951 cr; board approves Rs 10/share dividend

RIL Q4 Scorecard: From earnings, dividend to key milestones, here are 10 top takeaways for D-Street

RIL announced record pre-tax profits, Rs 10 lakh crore annual revenue, 2% net profit decline, Rs 178,677 crore EBITDA, Rs 1,16,281 crore net debt, O2C & Jio growth, higher dividend, strong Retail performance.

RIL Q4 Results: Net profit falls 2% YoY to Rs 18,951 crore, yet beats estimates

RIL Q4 Results: Reliance Industries reported a 2% fall in net profit to Rs 18,951 crore for the March 2024 quarter. Revenue from operations surged 11% to Rs 2.4 lakh crore, with strong growth in EBITDA and various business segments.

Don’t plan to get into IT stocks for next few months; play telecom via Reliance: Daljeet Singh Kohli

Daljeet Singh Kohli advises caution in the IT sector, preferring telecom, EV, and two-wheeler sectors for investments. Kohli says: "We do not believe IT companies are at the end of the tunnel. It will take some more time, especially the BFSI segment which is the mainstay for most of our IT companies. Unless that picks up, I do not think they will have too much to talk about in terms of numbers."

Telco EMDs for June 5G sale lowest since 2014 auction: Analysts

India's top telcos submit low earnest money deposits (EMDs) for the upcoming 5G spectrum auction, marking the lowest since 2014. Analysts suggest selective bidding, foreseeing maximum spectrum demand of $2.5 billion, far below previous auctions. Reliance Jio leads EMDs; Airtel and Vi likely focus on renewals and selective bidding for 5G rollout.

Another Ambani vs Mittal battle? A look into Airtel's African empire

Bharti Airtel's African venture has been a rollercoaster ride, starting with a bold move by chairman Sunil Mittal in 2008. Despite initial struggles, Airtel Africa has managed to establish a strong presence in 14 countries. Meanwhile, Mukesh Ambani's Reliance Industries is making inroads into the African telecom market with 5G infrastructure solutions. As Airtel Africa faces currency woes, the stage is set for a potential showdown between the two telecom giants.

RIL to announce Q4 results, consider dividend on April 22

Reliance Industries Ltd to announce March quarter results on April 22, including potential dividend approval. Analysts anticipate profit decline and revenue growth. O2C business is expected to see refining throughput decline and GRM increase.

Bidding wars back? Reliance Jio move signals a spectrum of possibilities

Mukesh Ambani's Reliance Jio leads with a Rs 3,000 crore deposit for the June spectrum auction, while Airtel and Vi follow with Rs 1,050 crore and Rs 300 crore, respectively. Despite no license renewals, Jio's hefty deposit earns it top eligibility points. The auction targets Rs 96,317.65 crore in 5G airwaves.

RIL's Mukesh Ambani set for African safari with 5G tech solutions

Radisys, a company owned by RIL's subsidiary Jio Platforms Ltd (JPL), is collaborating with Tech Mahindra and Finland's Nokia, to team up with Next-Gen Infrastructure Co. (NGIC). NGIC, in which the Ghanaian government, Ascend Digital, and K-Net have equity stakes, is positioned as the first neutral 5G shared infrastructure provider in Africa. The company's initial focus will be on offering 4G and 5G network support in Ghana before expanding its services across the continent.

Jio Financial Services shares slump 3% ahead of Q4 results today

Shares of Mukesh Ambani-led Jio Financial Services declined 3% at Rs 372 on BSE in Friday's early tarde as the investors await the fourth quarter earnings’ result later in the day.

Shares of Jio Financial jumps 3% post Q4 results

Jio Financial Share Price: The reaction to the Q4 earnings can be seen today when the stock rose and hovered near its 52-week high of Rs 384.

This large-cap mutual fund gave 16% returns in 3 years; should you buy?

SBI Blue Chip Fund: The fund has seen a leadership transition, with its seasoned fund manager passing the reins to a new successor. The previous fund manager had an unwavering focus on quality, supplemented with a buyand-hold approach. While the new fund manager will retain the quality tilt, he intends to incorporate the momentum strategy, which could bring in some churn in the portfolio.

Reliance Jio and Airtel's net worth surges ahead of 5G auction; Vodafone Idea struggles

Reliance Jio and Bharti Airtel's net worth has seen significant improvements since the last spectrum auction in August 2022, while Vodafone Idea's negative net worth has widened. The upcoming auction on June 6 will see the three telecom players competing for Rs 96,317.65 crore worth of 5G airwaves. Reliance Jio's net worth as of March 31, 2023, was Rs 2,15,992 crore, Airtel's net worth rose to Rs 86,260 crore by December 31, 2023, and Vodafone Idea's net worth registered a negative of Rs 1,16,886 crore.

Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 39%

Yesterday, all thanks to news reports that change in tax laws might be getting tweaked, once again bears were spotted on the street. Though by evening, all those reports were denied by the government. The fact is that because valuations are high the extent to damage was higher. There is a probability of a selective correction taking place, which is essentially led by the profit booking. At this time if one is looking to increase exposure, it would be better that they should look for stocks where there are some improvements in the business operating matrix that tend to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

Share market update: Most active stocks in today's market in terms of volume

The NSE Nifty index closed 189.41 points up at 22336.4

Share market update: Most active stocks on D-Street today in terms of volume

The NSE Nifty index was trading 102.5 points up at 22249.5

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 189.41 points up at 22336.4

Share market update: Most active stocks of the day in terms of total traded value

The NSE Nifty index was trading 102.46 points up at 22249.45

Your phone bill could rise by up to 25% post election

The report said while the quantum of hike may appear large, it should be manageable for both urban and rural users, especially as data usage is sticky. For urban households, subscribers' spending on telecom would go up to 3.6% of total expenditure from 3.2%, it said, while for rural subscribers spending would increase to 5.9% from 5.2%.

Gail may line up Rs 50,000 crore capex in big petrochemical bet

Gail (India) intends to invest up to ₹50,000 crore in constructing a 1.5 million tonnes per annum ethane cracking unit at Sehore, Madhya Pradesh, according to sources familiar with the matter. This significant investment marks one of the largest proposed capital expenditures by the state-run gas utility.

Reliance Jio, Airtel and Vodafone Idea submit applications for upcoming Rs 96,317 crore spectrum auction

India's three private telecom operators, Reliance Jio, Bharti Airtel, and Vodafone Idea, are set to bid for a piece of 5G spectrum worth Rs 96,317.65 crore in the next auction, set to start on June 6. The auction will cover airwaves in various bands, with the government expected to make some selective buying. The auction is expected to be a muted affair, with top telcos having sufficient 5G airwaves for their current needs.

Share market update: Most active stocks of the day in terms of total traded value

The NSE Nifty index was trading 123.2 points down at 21872.65

Share market update: Most active stocks in today's market in terms of volume

The NSE Nifty index closed 152.06 points down at 21995.85

Share market update: Most active stocks on D-Street today in terms of volume

The NSE Nifty index was trading 67.65 points up at 22215.55

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 152.06 points down at 21995.85

Share market update: Most active stocks of the day in terms of total traded value

The NSE Nifty index was trading 52.25 points up at 22200.15

Unconventional market signals: Unveiling special opportunities in investing for superior returns

By embracing a more nuanced approach to investing and staying vigilant for special situations, retail investors can position themselves to capitalize on opportunities that often get overlooked. By understanding and capitalizing on special opportunities such as demergers or spinoffs, holding company discounts, and promoter buying, investors can generate superior returns as these strategies have a positive historical track record.

MNP number shows competition intense as Jio, Airtel fight for Vi users

Telecom companies compete fiercely for market share. Vodafone Idea struggles without 5G. Airtel and Jio focus on service quality and rural expansion. Broadband users increase, with Jio leading the growth.

Share market update: Most active stocks on D-Street today in terms of volume

The NSE Nifty index was trading 83.25 points down at 22189.25

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 124.6 points down at 22147.9

Technical Breakout Stocks: How to trade Justdial, Jio Financial Services and Bharti Airtel on Friday

Indian market closes red for the fourth consecutive day, with S&P BSE Sensex falling over 450 points and Nifty50 below the 22,000 mark. Telecom stocks rise, while consumer durables and energy witness a decline.

Share market update: Most active stocks of the day in terms of total traded value

The NSE Nifty index was trading 85.8 points down at 22186.7

Jio Financial, BlackRock enter into JV for wealth management, broking businesses

Jio Financial Services has signed an agreement with BlackRock Inc. and BlackRock Advisors Singapore Pte. Ltd. to form a 50:50 joint venture with Blackrock. The launch of the wealth management and broking businesses is subject to regulatory and statutory approvals.

Jio Financial Services shares rise over 4% on inclusion in Nifty Next 50

Other than Jio Financial, Adani Power, Indian Railway Finance Corporation, Power Finance Corporation, and REC have been included in the Nifty Next 50 index, while Adani Wilmar, Muthoot Finance, PI Industries, Procter & Gamble Hygiene & Health Care, and Shriram Finance have been excluded.

Share market update: Most active stocks of the day in terms of total traded value

The NSE Nifty index was trading 148.21 points down at 22371.2

Revenue/Ebitda misses led to Vi’s higher net loss in Q4FY24: Analysts

Vodafone Idea's widening net loss to Rs 7,675 crore in the fiscal fourth quarter was attributed to lower revenue and operating income. Despite minimal customer losses, Vi struggled to compete with Reliance Jio and Bharti Airtel. Analysts noted a decline in revenue and Ebitda, with a modest increase in ARPU. The recent equity raise aims to alleviate financial strain.

Chinese smartphones rely on Reliance counters for better India presence

Chinese smartphone firms are increasingly relying on Reliance Retail's distribution arm to reach stores in the hinterlands due to a slowdown in online sales. Xiaomi's sub-brand Poco has forged a strategic partnership with Jio Mart Digital to distribute its devices to around 80,000 retail stores across the country. This comes as offline retail channels accounted for 61% of sales in the first quarter of 2024, up from 56% in the previous three-month period. Xiaomi and Transsion saw the fastest growth in the quarter to March.

RIL shares see target prices going up to Rs 3,500 after Q4 results. Time to buy?

Reliance Share Price: RIL shares, which have gained around 14% in the calendar year so far, were trading flat in Tuesday's morning trade but brokerages have increased their targets going up to Rs 3,500-mark.

Share market update: Most active stocks of the day in terms of total traded value

The NSE Nifty index was trading 92.0 points down at 22661.8

Vi's Rs 18,000-cr fundraise will increase competition, but it's good for Indian telecom, says Airtel's Gopal Vittal

The Airtel managing director said that the telecom industry urgently needs substantial tariff repair, ideally via multiple rounds of price hikes to boost average revenue per user (ARPU) to the Rs 300 level as the current returns are way too low.

Reliance Jio Q3 Results: Net profit rises 12% YoY to Rs 5,208 crore

Quarterly ARPU (average revenue per user), a key performance metric, though, remained flat sequentially at Rs 181.7 for India’s largest telco by subscriber base.

Jio Financial, ICICI Lombard among 6 largecap stocks that hit fresh 52-week highs on Thursday

Indian shares rose in early trade on Thursday but later declined as heavy volatility gripped D-Street. In Thursday's trading session, six largecap stocks from the Nifty200 index reached new 52-week highs. Here's the list:

Jio Financial crosses Rs 2 lakh crore barrier as share price jumps 22% in 1 week

Shares of Mukesh Ambani's Jio Financial Services rallied 14.5% to a fresh peak of Rs 347, crossing the Rs 2 lakh crore market cap mark. Jio may acquire Paytm wallet business. Jio Payments Bank operates with digital savings accounts, bill payments, and debit cards. Jio launched Jio Voice box, implemented QR codes, and conducted sandbox for loans.

Share market update: Most active stocks of the day in terms of total traded value

The NSE Nifty index was trading 102.9 points up at 22616.6

Poco plans to sell 10 million smartphones in 2 years, aims to be among top-5 brands from third year

At the event Poco unveiled three variants of Poco F6 priced at Rs 25,999 with 8 GB RAM and 256 GB ROM storage for files, photos etc, Rs 27,999 for 12 GB RAM and 256 GB ROM variant, and Rs 29,999 for the model with 12 GB RAM and 512 GB ROM.

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 0.96 points down at 22513.7

Reliance Jio outpaces Airtel in March user adds, Vi cedes more ground: Trai

As per Friday's release Airtel recorded the highest percentage of active subscribers on its network at 99.91%. Active, or visitor location register (VLR), data indicates the number of mobile users regularly using a mobile network.

Share market update: Most active stocks of the day in terms of total traded value

The NSE Nifty index was trading 69.46 points down at 22365.2

You could soon be living in a Mukesh Ambani universe

Reliance Latest Update: Mukesh Ambani is expanding Reliance into various aspects of daily life. From soap to mobile phones, Reliance is already a significant part of consumers' routines. Now, with plans to enter the consumer electronics and home appliances segment, Reliance aims to provide a comprehensive experience across all consumption areas. The new brand Wyzr will offer a range of products, including air coolers, televisions, washing machines, and more.

Share market update: Most active stocks of the day in terms of total traded value

The NSE Nifty index was trading 21.16 points down at 22440.85

Share market update: Most active stocks on D-Street today in terms of volume

The NSE Nifty index was trading 98.25 points down at 22655.55

Share market update: Most active stocks of the day in terms of total traded value

The NSE Nifty index was trading 126.6 points up at 22453.5

Reliance Industries: Lower capex spend likely to improve return ratios

Net profit attributable to the company, India's biggest by value, retreated marginally to Rs 18,951 crore. Analysts expected the country's biggest refiner, telco and retailer to report a bottom-line just shy of Rs 18,000 crore, translating into a decline in excess of 5%.

Broadband business seen bolstering Q4 revenues for Airtel and Reliance Jio

Analysts anticipate Reliance Jio and Bharti Airtel, leading telecom operators in India, to witness moderate sequential growth in their fiscal fourth-quarter mobile revenue. This growth is primarily driven by robust broadband user additions, with no tariff hikes implemented. Conversely, Vodafone Idea (Vi) is expected to experience a decline in revenue due to persistent heavy customer attrition.

RIL Q4 results at a glance: Here's a quick guide on Reliance's telecom to retail numbers

RIL's net profit declined to Rs 18,951 crore in March 2024. The board approved a Rs 10 dividend per share for FY24. Jio's Q4 net profit increased, and retail revenue saw significant growth.

Asset management JV with BlackRock progressing well, says Jio Financial Services

On October 19, 2023, Jio Financial and BlackRock Financial Management Inc. filed papers with markets regulator Sebi for launching a mutual fund business. As of March 2024, the application was under process for Sebi's in-principle approval.

JioCinema teases a new 'Ads Free' subscription plan

JioCinema live-streams IPL 2024 with ads, teasing an ad-free tier. A new plan launch on April 25th. Merger between Reliance Industries and Walt Disney to create a TV and streaming platform in India.

RIL Q4 earnings: Top highlights from management commentary

Reliance Industries has announced the financial results for the quarter and year ending March 31, 2024. The conglomerate achieved a record annual consolidated revenue of ₹1,000,122 crore ($119.9 billion), marking a 2.6% increase year-on-year. Additionally, the annual consolidated EBITDA reached ₹178,677 crore ($21.4 billion), reflecting a substantial 16.1% year-on-year growth. The strong performance was driven by key segments like Jio Platforms, which saw revenue increase by 11.7%, and Reliance Retail Ventures, which reported a sharp 28.5% increase in EBITDA.

Jio Financial Services shares drop over 7% on denying Paytm wallet acquisition talks

Jio Financial shares ended 14% higher on BSE on Monday following a media report stating that Jio has been in talks to buy the Paytm wallet business since November. Citing sources, the report had said as part of a larger bailout plan, Jio may offer to acquire Paytm Payments Bank.

Share market update: Most active stocks in today's market in terms of volume

The NSE Nifty index closed 234.4 points down at 22519.4

Reliance Jio now world's top mobile operator by data traffic, beats Chinese rival

Reliance Jio, India's leading telecommunications company, has achieved the remarkable feat of becoming the world's largest mobile operator in terms of data traffic consumption, surpassing China Mobile. According to global analytics firm Tefficient, Jio's network recorded a total traffic of 40.9 exabytes during the January-March quarter, outpacing China Mobile's 38 exabytes.

India has a rare request for Reliance & state refiners on Russia oil deal

India has urged state-run oil refiners and Reliance Industries Ltd. to negotiate a long-term supply deal with Russia to shield the economy from volatile prices. While the government wants collaboration, Reliance's reluctance to share sensitive information poses a challenge. India seeks discounted oil amid tighter US sanctions.

How Reliance Jio's 5G IoT solutions transforming farming practices in India

Reliance Jio's JioKrishi and JioGauSamriddhi IoT solutions revolutionize Indian agriculture. From improving crop yield to enhancing dairy farming practices, these devices benefit farmers by providing real-time data and insights for better decision-making.

JioCinema Premium: Billionaire Ambani is asking for less than ₹1/day for his latest disruption

JioCinema Premium Plans: Reliance Jio has launched JioCinema Premium, a new subscription service in India, offering ad-free streaming in up to 4K quality for just Rs 29 per month. The move aims to attract a wider audience, challenge competitors like Netflix and Disney Hotstar, and disrupt the subscription video-on-demand market with affordable pricing. JioCinema's strategic pricing reflects its commitment to democratising premium entertainment, leveraging its distribution network, and catering to the rising demand for quality content. JioCinema's expansive content library, featuring titles from top Hollywood studios, positions it as a key player in the rapidly evolving streaming industry in India.

Jio-BP, Nayara, Shell unable to regain pre-2022 market share

Nayara Energy leads the private players, accounting for more than half of their combined sales. Nayara also operates the largest network of petrol pumps among private retailers. It has 6,590 pumps while Jio-BP, the joint venture of Reliance Industries and BP, operates 1,700 pumps, according to the oil ministry data. Shell has just 340 fuel stations and less than 1% share in domestic sales of petrol and diesel.

RIL Q4 results today: Key things to track & stock trading tips

RIL Q4 results today: Reliance Industries to announce Q4 results with expected revenue growth. Analysts predict strong retail and telecom segment performance. Stock consolidating pre-earnings, may rally with positive results, reaching Rs 3,070.

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 21.65 points up at 21839.1

Share market update: Most active stocks of the day in terms of total traded value

The NSE Nifty index was trading 82.05 points down at 21735.4

Jio Financial shares fall over 6%. Were Q3 results that bad?

Jio Financial Shares Price: Shares of Jio Financial Services (JFSL) fell 6.25% to Rs 250.10 on BSE after reporting a 56% QoQ drop in Q3 profit. The decrease was due to the absence of dividend income on shares held in Reliance Industries (RIL) and increased operating expenses. JFSL plans to focus on secured lending, launch a leasing business, and expand its client base in insurance broking.

Share market update: Most active stocks on D-Street today in terms of volume

The NSE Nifty index was trading 32.0 points up at 22989.1

JioCinema may disrupt SVOD market with low pricing plan

The new pricing is a significant drop from its ₹999/year and ₹99/month plans, which offered only Hollywood content. Unlike the existing plans, the new plans will be ad-free, the company said. JioCinema Premium will provide users with web originals, movies and content for children, along with Hollywood content from HBO, NBCUniversal and Paramount Global.

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 238.25 points down at 21817.45

Share market update: Most active stocks of the day in terms of total traded value

The NSE Nifty index was trading 191.55 points down at 21864.15

RIL to gain from lower capex, cash flows as biz verticals get the shine

The stock of Reliance Industries (RIL) has gained 14% since the beginning of 2024, beating the 4% increase in the S&P BSE Sensex following signs of peaking capital expenditure and improving prospects across business verticals.

Airtel, Jio hand out handset offers for 5G takeoff

Bharti Airtel recently announced an exclusive partnership with smartphone company Poco, wherein the 5G smartphone price has been brought down to ₹8,799 along with data bundling. It is likely to come out with similar partnerships with other handset makers, people familiar with the matter said. Reliance Jio, on its part, has been working alongside Reliance Retail to offer discounts on smartphones.

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 32.36 points up at 22055.7

Reliance Jio Q3 Results: PAT rises 12% YoY to Rs 5,208 crore, revenue up 10%

Revenue increased 10.3% YoY to Rs 25,368 crore. Sequentially, the bottomline rose nearly 3% and the topline grew 2.5%. Total expenses for the December quarter increased to Rs 18,518 crore from Rs 16,839 crore a year ago, and 18,063 crore a quarter ago. Network operating expenses rose to Rs 7,706 crore from Rs 7,227 crore a year ago and Rs 7,607 crore a quarter ago.

Share market update: Most active stocks of the day in terms of total traded value

The NSE Nifty index was trading 25.7 points down at 21997.65

Reliance Jio Q3 Results: Net profit rises 12.2% YoY to Rs 5,208 crore

Reliance Jio Infocomm, the telecom unit under Jio Platforms Limited (JPL), reported 12.2% on-year growth in net profit for the fiscal third quarter.

Gas price for Reliance trimmed to $9.87; rate for gas that feeds CNG, PNG supplies still at $6.5

The government has announced a marginal reduction in the price of natural gas produced from difficult areas like the deep sea KG-D6 block of Reliance Industries, setting it at USD 9.87 per million British thermal unit for the six-month period starting April 1. This adjustment aligns with the softening of benchmark international gas prices.

Indus Towers may benefit if Vi gets money and invests: Analysts

Cash-strapped Vi said it will open a sale of new shares on April 18 and close on April 22 to raise up to ₹18,000 crore. This will be closely followed by a ₹25,000-crore fundraising via debt. The company has already approved raising ₹2,075 crore from a promoter entity through a preferential share issue.

Voda Idea a national asset, FPO sets stage for 2.0: KM Birla

“Vi is not just a telecom company. It’s a national asset with 215 million users and about 8000 MHz spectrum. That so many marquee investors participated in this equity issuance is a testament to the government’s vision of a digital India,” Birla said in an official statement following Vi’s FPO listing on the NSE Thursday.