Reliance Industries Ltd, India’s largest private-sector company, is open to offloading up to 30 per cent stake in its telecom venture, Reliance Jio, to a global strategic partner -- a move to unlock value. But the stake sale will be done only after the telecom company has acquired a sizeable customer base. RIL has already spent close to Rs 33,000 crore (Rs 330 billion) in its telecom venture, expected to be launched early next year. Bankers said any share sale would be good news for ... Rediff.com, 2 months ago
Telecom brands are finally giving post-paid consumers their place in the sun. Forming less than six per cent of the total subscriber base but contributing up to 25 per cent of total revenues, post-paid customers have seen offers targeted at them only over the last one and a half years. There is also the looming threat of both RJio (pan India) and Airtel (some circles) rolling out 4G data service.Vodafone is the latest to focus on the post-paid sector, launching its flagship branded product ...Rediff.com, 1 month ago
The markets slumped in late trades, amid weak global cues, on aggressive selling by institutional investors on concerns that robust US jobs data due later on Friday may give the US Federal Reserve much needed comfort to taper its bond buying program and end its easy money policy stance by raising rates sooner-than-expected. Further, investors also turned cautious ahead of RBI monetary policy meet next week. The 30-share Sensex ended down 414 points at 25,481 and the 50-share Nifty slipped 119 ...Rediff.com, 2 months ago
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