Reliance Industries Ltd (RELI.BO)
23 Feb 2017
Thu, Feb 23 2017
(The following statement was released by the rating agency) SINGAPORE, February 23 (Fitch) The agreement by Bharti Airtel Limited (BBB-/Stable) to buy Telenor's Indian telecom operations is the latest sign that the entry of aggressive new operator Reliance Jio is spurring incumbents to consolidate to better meet the intense competition and weaker telcos to exit altogether, Fitch Ratings says. Bharti's credit profile will remain unaffected by the planned acquisition as the benefits from addi
Feb 22 Indian shares hit their highest in more than five months on Wednesday as Reliance Industries ended at a near 9-year high after investors welcomed plans by its telecom unit to start charging customers for services.
MUMBAI, Feb 21 Reliance Industries' Jio telecoms unit will start charging customers from April 1, but will offer sharply discounted prices for a year to those who sign up by the end of March, Chairman Mukesh Ambani said on Tuesday.
MUMBAI Uber users in India, who until now had Chinese Internet giant Alibaba-backed PayTM as the only payment wallet option available to book a ride, will now be able to pay through Reliance Jio Infocomm's [RELIB.UL] Jio Money.
MUMBAI, Feb 20 Uber users in India, who until now had Chinese Internet giant Alibaba-backed PayTM as the only payment wallet option available to book a ride, will now be able to pay through Reliance Jio Infocomm's Jio Money.
Jan 17 Indian shares edged lower on Tuesday with Reliance Industries Ltd leading the losses as concerns about spending at its telecom unit overshadowed better-than-expected third-quarter earnings.
* Q3 standalone profit 80.22 bln rupees vs 78.5 bln estimated
* Reliance Industries exec says current debt on Jio is INR 490 billion
* Says qtrly utilization levels in refining & marketing business was seasonally higher in Europe and Asia while North American utilization declined from previous quarter levels
* RIL's polymer production was down by 11% mainly due to a planned FCCU turnaround, subsequent PP plant shutdown during quarter at Jamnagar.