Jio Platform News Today

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Among the business names this year, it is notable that industrialist Gautam Adani made it into the top 10 and beat out fellow billionaire Mukesh Ambani on the ladder by one position.

Vodafone-Ideas debt is make or break. Maharashtra FDA plans more tests on global fast food chains. QSR stocks like Restaurant Brands Asia, Devyani, Westlife offer opportunity. Japans QSR market shows potential. Reliance has unlocking value in Jio platform, Reliance Retail, renewables. Market opportunity in media, auto, auto ancillary, travel and tourism, NBFCs.

Jio Platforms Sees Strong Growth in Q3 2023/24 - OPP.Today

Deven Choksey expects strong quarterly results from Reliance due to lower crude oil prices benefiting their refining and petrochemical businesses, as well as growth in Jio Platforms and Reliance Retail. He believes Bandhan Bank is vulnerable to challenges in the eastern belt of India and may face pressure due to competition from larger banks. He also discusses the importance of spiritual tourism in reviving the economy of places like Ayodhya and suggests that companies catering to this sector ma...

Reliances telecom arm Jio Platforms has expressed interest in buying stake of Sri Lankas state-backed telecom company Sri Lanka Telecom PLC.

It has selected quality stocks on technical as well as fundamental parameters. For the medium-term to long-term time frame, the overall bias is positive for the Indian market with much upside potential visible, it said.

Reflecting subdued global economic growth, Indias outward foreign direct investment (FDI) fell by 33.3 per cent sequentially to $1.21 billion in August, compared to over $1.82 billion in July.

Bharti Airtel: Reliance Jio, which is the biggest spender on content acquisition, doesnt disclose its content costs separately. However, Jio Platforms FY23 financials show that the companys content costs declined 27% to Rs 208 crore (Rs 285 crore in FY22).

Bharti Airtel and Vodafone Idea, two leading telecom operators in India, saw their cumulative content costs rise by 12.24% to ₹1,513 crore in FY23. Bharti Airtels content cost increased by 18% to ₹856 crore, while Vodafone Ideas content cost increased by 5.45% to ₹657 crore. Both companies have been investing in content libraries to boost data consumption through video content and improve average revenue per user.