JioPhone 2 sale today: Sale details, Paytm cashback offer & more

Priced at Rs 2,999, the JioPhone 2 is a 4G LTE-enabled feature phone that runs on KaiOS, which now supports popular social media and instant messaging apps

Technology News: Priced at Rs 2,999, the JioPhone 2 is a 4G LTE-enabled feature phone that runs on KaiOS, an operating system for feature phones that supports popular social media and instant messaging apps.

The phone will go on sale today at 12 noon on Jio online portal (jio.com). The sale is a part of Jio festive sale, which starts from today and continue until November 12. In partnership with Paytm, Jio is also offering a flat cashback of Rs 200, which brings down the effective cost of JioPhone 2 to Rs 2,799.

JioPhone 2 Features

The JioPhone 2 sports a 2.4-inch screen horizontal screen, making it convenient for watching multimedia content. It features a full QWERTY keyboard with 4-way navigation key and a dedicated key for voice commands. The phone boots KaiOS with support for apps such as Facebook, YouTube, Google Maps and WhatsApp.
The 4G LTE-enable feature phone supports VoLTE call feature, which allows voice calls using data packets. It also supports voice command feature, which allows hands free operations to make voice calls, messages, music and video playback, etc.

Get full Sale Details here: JioPhone 2 Sale

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News Source: BS & Business Standard

RCom completes sale of fibre assets to Reliance Jio for Rs 30 billion

Last year, Anil Ambani-owned Reliance Communications signed a pact with Reliance Jio for sale of wireless spectrum, tower, fibre and MCN assets.

Reliance Communications said it has completed sale of its fibre assets and related infrastructure assets, worth Rs 30 billion, to Mukesh Ambani-backed Reliance Jio Infocomm (RJIO).

"With successful completion of the fibre monetisation transaction, 1,78,000 kilometers fibre stand transferred to RJIO," Reliance Communications said in a BSE filing.

Last week, Reliance Communications had completed the planned sale of its media convergence nodes (MCNs) and related infrastructure assets, worth Rs 20 billion, Reliance Jio Infocomm.

Earlier this month, Reliance Communications had reinstated bank guarantees worth Rs 7.74 billion with the telecom department ahead of the timeline set by the telecom tribunal, and had said that its Rs 250 billion asset sale plans were "on track".

Last year, Anil Ambani-owned Reliance Communications signed a pact with Reliance Jio for sale of wireless spectrum, tower, fibre and MCN assets - the proceeds of which were to be used to reduce debt.

The deal announced in December 2017, packed in 122.4 MHz of 4G spectrum in the 800/900/1800/2100 MHz bands, over 43,000 towers, 1,78,000 kilometres of fibre and 248 media convergence nodes. The nodes' sale concluded today represents the initial tranche of the planned, larger deal.

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News Source: BS

Mukesh Ambani, Bill Gates, Jack MA to donate for $1 bn clean tech fund

The goal is to build cos that will help deliver the next generation reliable, affordable, and emissions-free energy to the world

The Breakthrough Energy Coalition (BEC), which has Mukesh Ambani and Alibaba’s Jack Ma as members, will invest more than $1 billion in Breakthrough Energy Ventures (BEV), an investor-led fund that will finance emerging energy breakthroughs for affordable and reliable energy to reduce greenhouse emissions, BEC said in a statement.

"It is extremely exciting for us to launch this fund as the next step in the commitment made by the Breakthrough Energy Coalition last year. Our goal is to build companies that will help deliver the next generation reliable, affordable, and emissions-free energy to the world,” said Bill Gates, chairman BEV.

“Breakthrough Energy Ventures will collaborate with other investors, governments, research institutions and corporate partners, bringing to the table an investor-led fund with internal scientific expertise, a long-term horizon, and a tolerance and understanding of the investment risks required to transform energy markets,” according to BEV statement.

Read source>>>

Mukesh Ambani tops Forbes' 100 richest Indians list, Patanjali's Balkrishna enters top 50

Reliance Industries Chairman Mukesh Ambani has grabbed the top most position in the Forbes' '100 Richest Indians' list with a net worth of $22.7 billion. This is the ninth year in a row that Ambani has topped the list.

According to the annual India rich list released by the Forbes India, Mukesh Ambani holds the first position followed by India's richest pharmaceutical magnate Dilip Shanghvi at number two with a net worth of $16.9 billion.

His wealth fell by $1.1 billion along with a drop in the shares of his Sun Pharmaceutical Industries, the world's fifth-largest generics maker.

However, the third spot is bagged by the Hinduja brothers with a net worth of $15.2 billion, up from $14.8 billion last year.

Tech magnate Azim Premji, who has led Wipro for five decades, slips one spot to number four on the list with a net worth of $15 billion.

Construction magnate Pallonji Mistry takes the fifth spot with net worth of $13.9 billion. The steel baron Lakshmi Mittal ranks to number six with net worth of $12.5 billion.

Taking the seventh spot is the Godrej Family with net worth of $12.4 billion Indian tech pioneer Shiv Nadar, cofounder of HCL Group clocked in a net worth of $11.4 billion to grab the eighth rank Kumar Mangalam Birla comes in at ninth spot with net worth of $8.8 billion Cyrus Poonawalla is the 10th richest Indian with a net worth of  read full story

Long queues, SIM cards scarcity on Day 1 of Jio launch

Customers joining long queues outside Reliance Jio stores here on Monday — the day of the full service launch — were often disappointed to find SIM cards unavailable.

A visit to a few stores in Sarojini Nagar and RK Puram, in the south west, made it clear that demand for Reliance Jio SIMs far outstretched supply. Customers were seen running from one store to the next.

Few of the customers who spoke to Business Standard said though there was a paucity of SIMs at the Reliance Digital stores, local dealers had these. They were charging between Rs 300 and Rs 600.

SIM cards are available free of charge but the dealers were making a quick buck, thanks to the surge in demand.

A Reliance Digital store employee, who did not want to be named, said local dealers had acquired SIM cards in bulk and were selling these at a premium.

The company was yet to comment at the time of going to press.

Another Reliance Digital employee said they had issued tokens to walk-in customers who could not get a SIM on Monday.

“Once we get the SIMs, we’ll call them,” he added.

A few customers said though they had been given a token on Friday, they were yet to get a SIM on Monday.

On September 1, Mukesh Ambani announced the launch of  read more..

Jio launches mother of all telecom battles

Thirteen years after its first disruptive effort in telecom, popularly known as “monsoon hungama”, Reliance Industries (RIL) is seeking to change the rules of the game again. Addressing shareholders at the company’s 42nd annual general meeting on Thursday, RIL Chairman Mukesh Ambani started his speech with: “… today, RIL will write history.” For the next one-and-a-half hours, he tried to walk the talk by unveiling a tariff plan for Reliance Jio aiming to reconfigure the telecom industry’s revenue composition.

Jio announced “always” free voice calls and priced data at Rs 50/GB, 80 per cent lower than the current industry average of Rs 250/GB. The company also announced the launch of 4G handsets priced at Rs 3,999 and personal routers at Rs 1,999. By owning the entire ecosystem, Jio, backed by the might of Reliance’s footprint across retail and content programming — news, entertainment and movies — is armed with a complete offering for the mobile broadband consumer.

From September 5, everyone will be able to access the service, which will still be free till the end of the year.

Jio will offer data plans starting at Rs 19 a day for occasional users, Rs 149 a month for low data users and Rs 4,999 a month for read more..

Reliance Jio impact: Should you sell Bharti Airtel, RCom, Idea Cellular?

After eroding around Rs 13,000 crore in market capitalisation (m-cap) on Thursday after Mukesh Ambani, chairman of Reliance Industries (RIL) announced the launch of Reliance Jio from September 05 with an aggressive pricing structure, telecom stocks - Bharti Airtel, Idea Cellular and Reliance Communications - trade mixed on the National Stock Exchange (NSE) on Friday.

While Bharti Airtel was trading marginally higher at Rs 312 levels, up 0.4% in early morning deals, Idea Cellular and Reliance Communications (RCom) slipped around 2.1% and 1.5%, respectively. By comparison, the Nifty 50 index was trading 0.2% higher at 8,788 levels.

On Thursday, Bharti Airtel, the largest loser in terms of m-cap, lost Rs 8,455 crore m-cap at Rs 124,199 crore, the BSE data show. Idea Cellular lost Rs 3,528 crore at Rs 30,140 crore, and RCom eroded Rs 1,182 crore at Rs 12,333 crore.

So what should you do with telecom stocks? Here is a quick compilation of what the leading brokerages across the  read more..

Also Read: Jio launches mother of all telecom battles

Also Read: Why Jio may not bring down your mobile bill

Also Read: Jio may impact profitability of existing operators: Analysts

Also Read: Low price points push back Jio break-even