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Reliance Jio network may make India 4G leader in 2019-Mukesh Ambani
Mukesh Ambani said the affordable JioPhone has been a runaway hit, with a massive 3 to 5 lakh Indians Joining the lowcost 4G VoLTE phone every day to go digital. Reliance Jio’s young engineers to innovate the world’s most affordable 4G LTE smartphone since as many as 500 million Indians were still using low-cost feature phones and remained excluded from the benefits of the digital revolution. The Jio Phone, which was launched by Jio’s sister company, Reliance Retail, comes for a Rs 1,500 deposit, refundable after three years on return of the device. To avail themselves of the refund, subscribers need to recharge for a minimum Rs 1,500 a year, or a minimum Rs 49 a month. The phone is key to telecom new entrant Jio’s quest to increase its 160 million user base network to competition from India’s top telecom such as Bharti Airtel, Vodafone India and Idea Cellular.
Taking a dig at rival carriers, Ambani said the combined Indian telecom industry took 25 years to build a pan-India 2G network, while Jio “took just three years to build a 4G LTE network which is much larger and far more advanced”. Jio, he said, had made high quality data available at the lowest price in the world, “at almost one tenth the prices in the US”.
Within the next few years, Jio would empower the equivalent of two-thirds of Europe’s population to enjoy world-class digital services in India”. India poised to become the third largest economy by 2028, within a single decade”. Ambani said India would also be among the first to “graduate to the Internet of Everything”, especially as internet becomes accessible to all Indians.
Refrences
The Economic Times. (2018). Reliance Jio network may make India 4G leader in 2019: Mukesh Ambani. [online] Available at: https://economictimes.indiatimes.com/tech/internet/reliance-jio-network-may-make-india-4g-leader-in-2019/articleshow/63337012.cms [Accessed 16 Apr. 2018].
Ambani, R. (2018). Reliance Jio network may make India 4G leader in 2019: Mukesh Ambani – Financial Solutions. [online] Financial Solutions. Available at: http://financiallysolutions.com/reliance-jio-network-may-make-india-4g-leader-in-2019-mukesh-ambani/ [Accessed 16 Apr. 2018].
Telecom Clue™. (2018). ‘Reliance Jio network may make India 4G leader in 2019’ says Mukesh Ambani – Telecom Clue™. [online] Available at: https://www.telecomclue.com/reliance-jio-network-may-make-india-4g-leader-in-2019-says-mukesh-ambani/ [Accessed 16 Apr. 2018].
ONGC, Reliance in talks with customers to sell east coast gas
India’s Oil and Natural Gas Corp Ltd and Reliance Industries Ltd have started discussions with buyers to sell natural gas from their fields in the Bay of Bengal that are expected to start production over the next three years. The main reason behind this is to transport the natural gas from “EAST COST” to “WESTERN INDIA”.
ONGC want to use the pipeline to reach customers in West India to sell gas. We are talking to some of them for contracts,” Shashi Shankar, chairman and managing director of ONGC, said on the margins of the International Energy Forum.ONGC plans to use Reliance Industries’ 1,375 km pipeline connecting Kakinada on the east coast to Bharuch in Gujarat in the west.
Reliance built the pipeline in 2009, but has been operating at very low capacity for several year due to a drastic fall in output from the company’s venture in the Krishna-Godavari basin in the Bay of Bengal.
Between 2021 and 2023, India would be hitting at a level which will be 50 mscmd (Million Standard Cubic Metres Per Day) incremental. So India would be producing in the range of 140 mscmd per day, said Atanu Chakraborty, said the head of Directorate General of Hydrocarbons, India’s upstream regulator.India’s current total consumption of natural gas at end of March 2018 stood at 145 mscmd.
Refrences
IN. (2018). ONGC, Reliance in talks with customers to sell east coast gas. [online] Available at: https://in.reuters.com/article/india-ief-ongc/ongc-reliance-in-talks-with-customers-to-sell-east-coast-gas-idINKBN1HH1U0?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FINbusinessNews+%28News+%2F+IN+%2F+Business+News%29 [Accessed 10 Apr. 2018].
News, R. (2018). ONGC, Reliance in talks with customers to sell east coast gas – India Business News. [online] Business-support-network.org. Available at: http://www.business-support-network.org/indiabiz/ongc-reliance-in-talks-with-customers-to-sell-east-coast-gas/ [Accessed 10 Apr. 2018].
Anon, (2018). [online] Available at: http://www.hindustantimes.mobi/top-news/ongc-reliance-in-talks-with-customers-to-sell-east-coast-gas/ [Accessed 10 Apr. 2018].
Reliance Industries to sell part of Eagle Ford shale assets for $100 million
Reliance Industries Ltd (RIL) Tuesday said it has agreed to sell some of its assets in Eagle Ford shale position in the US to Sundance Energy Inc. for $100 million.
The sale involves “certain acreage, producing wells and related assets in the western portion of its Eagle Ford shale position”, an RIL note said.
Reliance will continue to retain its interest in the remaining Eagle Ford assets.
The assets are located in Atascosa, La Salle, Live Oak and McMullen Counties, Texas and are not part of near-term development plan of the joint development. “This transaction is in conjunction with sales made by Pioneer Natural Resources USA Inc. and Newpek LLC, the other working interest owners in the joint development with Reliance. The sale is expected to close in 1QFY19 and is subject to customary closing conditions,” RIL said.
The assets being sold, the company said, were not part of near term development plan of the Joint Development. “Reliance continues to retain its interest in the remaining Eagle Ford assets that are core to its development priorities.
Refrences
Pillay, A. (2018). RIL sells few assets in Eagle Ford Shale in US for $100 million. [online]
Oglinks.news. (2018). Reliance sells select shale assets in US for $100 million. [online]
Pathak, K. (2018). Reliance Industries to sell part of Eagle Ford shale assets for $100 million. [online]
RELIANCE INDUSTRIES WINS FT ARCELORMITTAL BOLDNESS IN BUSINESS AWARD
Recognized for their innovation and bringing transformational change to India, Reliance Industries Limited (RIL), a leading provider of energy, petrochemicals, textiles, retail, telecommunications and digital services, was presented with the ‘Drivers of Change’ award at the Financial Times ArcelorMittal Boldness in Business Awards, in a ceremony that took place in London On 15th March.RIL’s demonstration of boldness was recognized by a panel of FT journalists and independent judges who selected the company out of six shortlisted businesses.
The award provides recognition of RIL’s exceptional commitment to innovation-led, exponential growth within the areas of hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services. RIL’s vision has pushed them to achieve global leadership in many of their businesses, including their position as the largest polyester yarn and fiber producer in the world and India’s premiere mobile and digital services provider.
After receiving the ‘Drivers of Change’ award, Mukesh Ambani, Chairman and Managing Director of RIL, commented, “My sincere thanks to the Financial Times and ArcelorMittal for this honor. This recognition belongs to our 100,000 plus young colleagues of Jio, the most powerful Drivers of Change in India today. We at Jio, resolved to re-imagine, re-purpose and transform the digital services landscape in India. Today’s recognition makes our resolve stronger to make India a Better India, and our world a Better World.”
Lionel Barber, editor of the FT, noted the achievement, commenting, “Mukesh Ambani has achieved change on a grand scale, from energy supply to 4G digital services. He is a worthy winner.”
This year marks the 10th anniversary of the FT ArcelorMittal Boldness in Business Awards, an awards initiative set up by the Financial Times to acknowledge business innovation and individual risk-taking despite a backdrop of global financial uncertainty. Alongside its winner, RIL, the ‘Drivers of Change’ award shortlist was composed of five other businesses including JAB Holdings, Kobalt Music, MercadoLibre, Planetary Resources and SoftBank Vision Fund.
Previous honorees for the ‘Drivers of Change’ award include DeepMind Technologies (2016), FANUC (2015), HBO (2014), Alibaba (2013), MONDRAGON Corporation (2012), Amazon (2011), Apple (2010), Fiat (2009) and Ryanair (2008).
Refrences
DigiAnalysys. (2018). Reliance wins ‘Drivers of Change’ award | DigiAnalysys. [online] Available at: http://www.digianalysys.com/reliance-wins-drivers-of-change-award/ [Accessed 18 Mar. 2018].
Service, U. (2018). Reliance Industries wins FT Arcelor Mittal Boldness award. [online] http://www.uniindia.com/reliance-industries-wins-ft-arcelor-mittal-boldness-award/business-economy/news/1169788.html. Available at: http://www.uniindia.com/reliance-industries-wins-ft-arcelor-mittal-boldness-award/business-economy/news/1169788.html [Accessed 18 Mar. 2018].
The Quint. (2018). RIL wins Financial Times ArcelorMittal business award. [online] Available at: https://www.google.ie/amp/s/www.thequint.com/amp/story/hot-news-text%252Fril-wins-financial-times-arcelormittal-business-award [Accessed 18 Mar. 2018].
RELIANCE RETAIL PICKS UP 16% IN JIOPHONE’S OPERATING SYSTEM PROVIDER
Reliance Retail Ltd, the retail business of Reliance Industries Ltd, has picked up 16% stake in a California-based firm that provides operating system for its internet-enabled low-cost mobile, JioPhone.
As part of the all-cash deal, Reliance Retail has dished out $7 million for the shareholding in the mobile operating system provider KaiOS Technologies, Reliance Industries said in a stock-exchange disclosure. The firm has subscribed to 1,904,781 common shares at $3.675 each.Reliance Industries said the investment can result in synergies with Reliance Retail’s current investments in affordable digital devices and also with the digital services initiatives of the group.Incorporated in 2014, San Diego, California-based KaiOS Technologies is a mobile operating system provider. The operating system, KaiOS, has presence in India, Canada and the US through partnerships with telecom operators Sprint, AT&T, T-Mobile and Reliance Jio, according to the firm’s website.
KaiOS Technologies saw its revenue grow more than three times to $9.25 million for 2017 from $2.5 million for 2016. It has a workforce of over 170 people spread over offices in the US, Brazil, Hong Kong, France, India, China, and Taiwan, according to its LinkedIn profile.
JioPhone and competition
The JioPhone was launched in July 2017, and within half a year of its launch (by December 2017), it managed to become the top feature phone brand by shipments, overthrowing market leader in the segment Samsung. This is in part because of the deal it offers: the phone is effectively free, available for a refundable deposit of Rs 1500. According to Reports JioPhone had a 26% share of the segment of the market that comprises of devices typically under Rs 2,000. Samsung followed with 15% trailed by Micromax at number three.
Airtel has an advantage over Jio, as it gives users a smartphone experience. At the same time, Jio’s prices are tough to compete with. JioPhone recently updated its offering, making the popular Facebook App available via its inbuilt app store. Now with a stake in KTI, Jio’s impact on the phone’s software changes may increase.
Refrences
VCCircle. (2018). Reliance Retail picks up 16% in JioPhone’s operating system provider. [online] Available at: https://www.vccircle.com/reliance-retail-picks-up-16-in-jiophones-operating-system-provider/ [Accessed 13 Mar. 2018].
Shrivastava, A. (2018). Reliance Retail buys 16% stake in KaiOS tech for $7 million – MediaNama. [online] MediaNama. Available at: https://www.medianama.com/2018/03/223-reliance-retail-kaios/ [Accessed 12 Mar. 2018].
Jio Business Strategy
Jio Business Strategy
India is home to the world’s second largest mobile user base and the third highest number of internet users. Understandably, the telecom sector in the country is hyper-competitive, with multiple groups to capture the largest piece of the pie. Reliance Jio Infocomm Limited (or Jio for short) is the newest player to enter the competition, and it’s not just winning the game but rewriting the rules altogether.
Fearful of the uncontested domination such an offer would afford Jio (around 70 percent of the industry’s revenues come from voice), India’s biggest mobile network operators appealed its illegitimacy to the Telecom Regulatory Authority of India (TRAI). But TRAI found Jio’s offer to be legal and instead levied massive fines on Bharti Airtel, Vodafone, and Idea Cellular for trying to undermine the Reliance Industries Limited (RIL) subsidiary by not providing sufficient points of interconnect to its SIM card users.
One question that seems to be on everyone’s mind though, is how Jio will make a profit when their rates are so low as to defy belief. To answer this question, one needs to understand Mukesh Ambani’s grand ambitions, not for the present, but the future.
Immediate revenue is no concern to Mukesh Ambani. The Reliance Jio is a big bet on the future, and the company’s present aim is to establish the ideal eco-system for when that future arrives.
Despite having a massive user base, internet penetration and speed in India is low when compared to other countries. Only about 24.3 percent of the Indian population accessed the internet through mobile phones in 2016. But the figure is expected to rise to 37.4 percent in 2021 as the Indian population, particularly in rural areas, becomes progressively ‘digital’.
As an increasing number of people will require mobile and internet connectivity in the coming decade, Reliance Jio will be in the prime position to capture the massive untapped market.
Jio’s ambitions aren’t limited exclusively to mobile internet. The company plans to rake in profits from its LYF brand smartphones, broadband internet offerings, and Jio mobile applications — the entire suite, which includes apps like Jio Music, Jio TV, Jio Cinema, and a digital wallet, will be charged as a Rs 15,000-per-year subscription. Reliance also plans to consolidate its ‘Digital India’ missive with the setting up of Jionet Wi-Fi hotspots in multiple cities — Mumbai, Kolkata, Surat, Ahmedabad, Indore, Mussoorie, and Lucknow are among the cities which currently feature these hotspots in select locations.
Refrences
Www.ril.com
Www.bloomberg.com
Www.yourstory.com
Reliance Jio
Reliance Jio
Company Overview
Reliance Jio Infocomm Limited provides broadband services to customer. The company was formerly known as Infotel Broadband Services Limited and changed its name to Reliance Jio Infocomm Limited in January, 2013. The company was incorporated in 2007 and is based in Mumbai, India. Reliance Jio Infocomm Limited operates as a subsidiary of Reliance Industries Limited.
History
In 2005, Reliance Industries Limited split and there was one major de-merger of note for Mukesh Ambani. His dream project- Reliance Infocom became a part of Anil Dhirubhai Ambani Group. Mukesh Ambani went on to acquire Infotel Broadband Services Limited. The company was the only successful bidder for pan-India 4G network. Reliance then worked on establishing base for high-speed optical fibre 4G network. It is actually capable of much more than 4G.
A Vision That Touches All
Reliance’s vision for India is that broadband and digital services will no longer be a luxury item. Rather, Reliance envisions an India where these are basic necessities to be consumed in abundance by consumers and small businesses alike, as much in far-flung villages as in our largest cities. The initiatives are truly aligned with the Government of India’s ‘Digital India’ vision for our nation. Jio aims to become India’s largest telecommunications player within three years of the launch and to break even by the end of third year. Analysts believe Ambani will definitely change the pecking order in the world’s third biggest telecom market as most players are reeling under huge debts amid falling margins
Refrences
Reliance Industries
Feud Between Mukesh Ambani And Anil Ambani
Dhirubhai Ambani, founder of the Reliance business empire, dies in July 2002. Mukesh becomes chairman and managing director of Reliance Industries, and Anil becomes vice-chairman and managing director.Mukesh and Anil did not get along very well even when Reliance group founder Dhirubhai Ambani was alive.Their Feud becomes public in November 2004.
In June 2005, the family reaches a settlement to split the Reliance business in a deal announced by their homemaker mother Kokilaben. The formal split happens in 2006. Mukesh gets the flagship Reliance Industries, with interests in petrochemicals, oil and gas exploration, refining and textiles. He has since launched a retail venture. Anil gets telecoms, power, entertainment and financial services businesses. The Anil Dhirubhai Ambani Group (ADAG) now includes Reliance Communications Ltd, Reliance Infrastructure Ltd, Reliance Capital Ltd, Reliance Natural Resources Ltd and Reliance Power Ltd.
Initial idea was that allow the brothers to keep the business(es) they were handling. Anil did not agree. On request from Kokilaben, Mr Kamath of ICICI became the advisor. Mukesh was deep into Petrochemical business and he was managing it well. Anil was managing finance. So it became apparent that Mukesh would get Petro chemicals and Anil would keep finance and energy business.
Mukesh Ambani Outperforms
Mukesh Ambani’s flagship RIL has outperformed his younger brothers’ businesses on profitability and returns since the split. Its revenue and profit rose at an annualised rate of 11.2 percent and 9.5 percent, respectively. Shares of the company have given an annualised return of 16.5 percent, taking its market value to a record Rs 6 lakh crore. Anil Ambani’s group companies have lagged. While Reliance Capital Ltd.’s revenue rose at a higher annualised rate of 23.3 percent since listing, profits rose at a compounded annual rate of 4.4 percent. Reliance Infrastructure’s profit rose at 5.5 percent, while its share price rose at a 2.4 percent annualised rate. His telecom business is already making losses with shares hitting an all-time low.
Refrences
http://www.bloombergquint.com 23 November 2017 By Yatin Mota And Soumeet Sarkar
http://www.rediff.com
Sheela Bhatt | December 21, 2004
Relaince Industries
About us
Our motto “Growth is Life” aptly captures the ever-evolving spirit of Reliance. Our activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunications. In each of these areas, we are committed to innovation-led, exponential growth. Our vision has pushed us to achieve global leadership in many of our businesses – including our position as the largest polyester yarn and fibre producer in the world. Reliance Industries Limited is a Fortune 500 company and the largest private sector corporation in India.
As Reliance sets sights on even more ambitious goals, we remain inspired and guided by the story and philosophy of our founder chairman Dhirubhai Ambani. Hailing from modest means, he followed his dream to create India’s largest company. Reliance as an organisation has adopted this ethos of converting adversity into opportunity and making the impossible possible by challenging conventional wisdom.
Our ultimate aim has always been – and will always be – to touch the lives of people in a positive way.
Revenue And Growth
The growth of Reliance Industries from a small trading company into a Fortune 500 global business conglomerate in just over one generation is a story of ambition, growth, and entrepreneurial vision. We have a turnover of nearly USD 66.8 billion and a net profit of over USD 3.9 billion. Not only are we the biggest private sector company in India with a market capitalisation of over USD 78 billion, but also we are growing at an unprecedented rate. In the past decade, our revenues have grown more than tenfold. We have an astounding CAGR of 21 per cent. From oil and gas to refining and marketing, to petrochemicals and retail and special economic zones, our products and services energise India and enhance lives.
Refrence’s
Www.linkedin.com/company/reliance
Www.ril.com
http://www.forbes.com/companies/reliance-industries/
Reliance Industries
About Reliance Industries
Reliance Industries is an Indian Conglomerate Holding Company. The Company Was Co-Founded By Dhirubhai Ambani And His Brother Ramnikbhai Ambani In 1960. Reliance Own Businesses In Energy,Petrochemicals, Textiles,Natural Resources,Retail And Telecommunications. At Present Elder Son Of Dhirubhai Ambani, Mukesh Dhirubhai Ambani Is Chairman And Managing Director of the Reliance Industries.
History of Reliance Industries
Reliance Industries Ltd. is India’s largest private-sector company, generating revenues of $19.97 billion, or more than 3 percent of India’s total gross domestic product. Founded as a textiles company, Reliance has successfully completed a backward integration strategy that has transformed it into India’s largest private-sector petrochemicals company, and number two overall (behind state-owned India Oil).
Reliance Industries represents the continuation of India’s greatest corporate success story since the country’s independence. Founded by Dhirubhai H. Ambani in 1958, Reliance grew to include holdings in energy production and distribution, telecommunications, and capital finance. After a public feud between Mukesh D. Ambani and younger brother Anil, these operations were split off into a new company controlled by Anil Ambani. Reliance Industries is listed on the Mumbai Stock Exchange.
Conclusion
Dhirubhai Ambani is not Good in study. But bacause of his leadership skills, and work very Hard. He make His Dream true About Making the Biggest Company of india.
Reference’s
www.referenceforbusiness.com/history2/78/Reliance-Industries-Ltd.html#ixzz56NNIQQ4n
Reliance Industries: Chasing the Energy Majors,” Chemical Week, May 3, 2006, p. 17.
Reliance on Course to Double in Size,” Chemical Week, December 18, 1996, p. 39.
Reliance Industries 