Jio Services News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Reliance Retail is being valued at over $100 billion by multiple brokerages.

Mukesh Ambani’s youngest son Anant Ambani was appointed on the Reliance board of directors, but the proxy advisors of the company are not happy with the decision.

Analysts predict that Reliance Jio will focus on monetizing 5G now that its 5G capital expenditure cycle is nearing completion. However, meaningful monetization of the next-generation telecom technology is still about a year away. Telcos could generate significant incremental revenue by charging more for 5G services through bundling and by growing the market for fixed wireless access (FWA) services.

“This year we might be performing a little better than expected, but that is not anything significant right. It is just maybe 5-10% better than expected. So, our guidance stays the same. This year we will broadly be a PAT positive and every year in our core business we add about Rs 200 crore of incremental profit.”

Reliance Industries (RIL), India's most valued company, will announce its first quarterly financial results on July 21. The outlook for RIL stocks from a derivatives perspective remains positive, with a buy-on-dips strategy recommended by analysts. Implied Volatility Percentile (IVP) is at 96%, indicating a higher chance of IV crush post-results.