Showing posts with label reliance. Show all posts
Showing posts with label reliance. Show all posts
Thursday, May 4, 2017
Reliance Jio Gets 16 Million Mobile Accounts in a Month
Reliance Jio Gets 16 Million Mobile Accounts in a Month
Reliance Jio Infocomm has signed up 16 million customers (net new accounts) in its first month of full commercial operations since September 2016.
Reliance Jio has been offering free services for free to anyone signing up before the end of the year, including four gigabytes (4 GB) of free 4G data each day, as well as unlimited voice calls until December 31, 2016.
Customers will begin paying for data charges in 2017 but domestic voice calls will continue to be free.
Also, subscriber identification modules (SIMs) are being given away for free to customers of the 4G-only new service. So the issue for Jio is how many of its customers will stay with Jio once the free data period ends.
There already are more than one billion mobile subscribers in India, so Jio potentially has gotten something like 1.6 percent market share, assuming it attracted no “mobile for the first time” accounts, and only shifted demand from the other existing carriers.
Observers are watching to see how much http://tylercaldwellphotography.blogspot.com /2016/10/india-mobile-market-share-rearranged.html?view=classic" style="text-decoration: none;">market share Reliance Jio will take in the first year and first few years after that. Some believe Reliance Jio will get about 10 percent to 12 percent mobile subscriber share over three to four years.
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Friday, April 28, 2017
Reliance Capital to Sell 16 Percent Stake in Yatra com
Reliance Capital to Sell 16 Percent Stake in Yatra com
Reliance Capital is situated to sell its 16 per cent stake in online travel portal, Yatra for an expected amount of INR 500 crore in order to encash its minority investment. The organization had procured this stake for INR 40 crore in 2006. As per an ET report, the arrangement is relied upon to be shut in 4-6 weeks and puts the aggregate valuation of the Yatra.com at around INR 3,000 crore. Different investors in travel portal incorporate Norwest Venture Partners (30 per cent), TV-18 gathering (10 per cent), Intel Cap (7 per cent), Valliant Capital (10 per cent) and 6 percent owned by its management group.
Yatra.com is specifically contending with Makemytrip which is having a business estimation of USD 1.2 billion with an operating pay of USD 116 million for the year. While, Yatra.com remained at USD 50 million operating pay every year.
A month ago, SAIF Partners had sold off its 2.41 percent stake in Mumbai-based nearby search provider, Justdial for an aggregate sum of INR 254 crore.
It is intriguing how investors are getting along away with their holding in non-retail e-trade organizations, which are apparently gainful as against online retail. Appears as though they feel they have effectively earned as much as they could.
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Tuesday, March 7, 2017
Reliance Retail Launches Online Grocery Store
Reliance Retail Launches Online Grocery Store
The site is expected to offer fruits & vegetables, dairy products, basic supplies, bundled food, Drinks, confectionery items, Household and personal care products to the residents of Navi Mumbai, South Mumbai and parts of Thane.
According to a Medianama report, Reliance Retail had completed a pilot project at the Reliance Corporate Park office in Navi Mumbai where around 10,000 employees profited its offices through the website. To utilize the service, clients need to first register on the website then organization delivers the products to them either from the closest Reliance Store or by means of its other appropriation channels.
The website likewise have a My List feature to spare a personal list of products and deliveries are free for requests above INR 750. Dependence Fresh Direct offers installment choices both online (Credit/Debit cards/Net Banking) and logged off (Cod). Concerning the return, trade and discount strategy, as of now it has a "no inquiries asked return approach" and sum is discounted by means of credit, store credit account, or through the installment system utilized by the client. The organization does not make any money discounts. Alternate points of interest like when it will broaden its services to different urban areas crosswise over India, are still undisclosed.
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