RIL Chairman Mukesh Ambani explains how digital revolution will help realise Modi’s 4 ambitious goals
Posted on 25th October 2018 |
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| India Mobile Congress 2018: Reliance Industries’ Chairman Mukesh Ambani on Thursday showed confidence in India’s data-led growth and said digital revolution would help realise four ambitious goals of Prime Minister Narendra Modi, namely – doubling farmers’ income, Ayushman Bharat Scheme, quality education and employment generation. “With world-class digital infrastructure in place… India is now ready to not only embrace… but actually lead the Fourth Industrial Revolution. This is because, each one of the 130 crore people of India… can now productively participate in the Fourth Industrial Revolution. We can solve the largest unsolved problems facing humanity… right here in India,” he said at the inaugural session of India Mobile Congress 2018. Mukesh Ambani also said that India will be ready for 5G before the world. Today’s India is all poised to embrace exciting future and country will be ready for 5G before the world, India’s richest businessman said. Talking about Jio, Mukesh Ambani said Jio’s fibre-based broadband offering can place the country among the top three nations in fixed broadband from a low rank of 135 currently. “And from day one, JioGigaFiber will offer complete fixed-mobile convergence where Indians will travel seamlessly between mobile and fixed broadband networks 4G and 5G when on the move and Wi-Fi when indoors,” he said. At Jio, we are committed to connecting everyone, everywhere at the highest quality, he said. Jio is excited about connecting millions of shopkeepers in India, he added. The mobile industry will be a catalyst for India for a bright future and have opportunity to make India the largest fixed broadband consumption, he added. India is ready to lead the 4th Industrial Revolution, he also expressed. “I believe India will rise from a lowly 135th rank to be among the top three nations in fixed broadband at a pace that will surprise the world,” he also said. Meanwhile, Mukesh Ambani-controlled Reliance Industries reported Q2 results below street estimates. RIL has reported a net profit of Rs 9,516 crore, up 17 percent on-year. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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