Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Reliance Jio IPO to be Launched in 2025

Reliance Jio IPO to be Launched in 2025

Reliance has set plans to launch the Reliance Jio IPO in 2025, targeting a listing on the Mumbai stock exchange, though bankers have yet to be appointed. In July, Jefferies estimated the IPO valuation at around Rs 9.3 lakh crore ($112 billion). Jio Platforms, which encompasses Reliance’s telecom and digital businesses, has 33% ownership by foreign investors after raising $17.84 billion in recent years. 

The Indian stock market recently hit record highs, with 270 companies raising $12.58 billion through IPOs by October, surpassing the $7.42 billion raised in all of 2023. Reliance Jio delivered a strong Q2 FY25 performance, exceeding analyst expectations in net profit, EBITDA, and average revenue per user (ARPU). The company reported a 14.76% quarter-on-quarter increase in consolidated net profit, reaching ₹6,539 crore, and a 7.67% QoQ rise in revenue from operations to ₹31,709 crore. Year-on-year, Jio recorded an 18% growth in revenue and a 23.4% increase in net profit. The ARPU for the quarter rose to ₹195.1, benefiting from a tariff hike and an improved subscriber mix. 

Leave a Reply

Your email address will not be published. Required fields are marked *

Bharti Telecom Increases Airtel Stake to 40.47% with ₹8,485 Crore Transaction
Telecom Industry

Bharti Telecom Increases Airtel Stake to 40.47% with ₹8,485 Crore Transaction

Bharti Telecom Limited has raised its stake in Bharti Airtel to 40.47% following a significant market transaction. Indian Continent Investment Limited (ICIL), a promoter-group entity of Bharti Airtel, sold approximately 0.84% stake (around 5.11 crore shares) for ₹8,485.11 crore.  At 11:05 AM today, Bharti Airtel’s shares were trading at ₹1,662.50, down ₹13.05 (0.78%) on the […]

Read More
BSNL Earns Rs 262 Crore Profit in Q3
Telecom Industry

BSNL Earns Rs 262 Crore Profit in Q3

Bharat Sanchar Nigam Limited (BSNL) has reported a profit of ₹262 crore in the third quarter of the financial year, marking its first return to profitability since 2007. This turnaround is driven by aggressive network expansion, customer additions, and cost optimization measures.    #BSNL celebrates a milestone of positive growth! We’ve achieved a net profit of […]

Read More
Vodafone Idea CEO Confident in Government Support Amid Financial Challenges
Telecom Industry

Vodafone Idea CEO Confident in Government Support Amid Financial Challenges

Vodafone Idea Limited (VIL), India’s third-largest telecom operator, is relying on government intervention to navigate its financial challenges as its statutory dues increase in the coming financial year. With the moratorium on payments ending in FY26, Vi’s payout towards adjusted gross revenue (AGR) dues will rise significantly, straining its cash flow and potentially hindering its […]

Read More
preload imagepreload image