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India Business News: Reliance Industries (RIL), led by billionaire Mukesh Ambani, on Monday announced its quarterly earnings for the January to March period. After the release of these results, several brokerages have raised their target prices for the company's stock.
Jio is the biggest beneficiary of change in market dynamics as its market share went up from 21.6 percent to 39.7 percent. - Jio And Airtel May Raise Tariffs After Lok Sabha Elections, Details Inside
The December 2019 tariff hike was the first one after Jio launched its service in 2016, and it was followed by another hike in December 2021.
Promoters of Vodafone Idea must infuse more funds into India’s third-largest telecom operator before the govt converts the interest on spectrum dues of ₹16,000 crore into equity, two officials aware of the development said.
Telecom would become unaffordable for those at the bottom of the income pyramid, just when Digital India offers them multiple ways to combat deprivation. Allowing three companies to fix a minimum price would be cited as a precedent by players in other industries, say, cement.