Reliance lifts Jio investment above $30 billion after record year - Indian Stock Market Tips|Commodity Market Tips|Equity Trading Tips

Indian Stock Market Tips|Commodity Market Tips|Equity Trading Tips

The Share and Stock Market is one of the most important ways for companies to raise their money through shares, and the objective of this blog is to provide you daily intraday news regarding stock market. You have arrived at the right place and you'll find a lot of information here on intraday news updates— basic concepts, strategies for buying and selling, time of entry and exit and a lot more.

Breaking

Tuesday, 25 April 2017

Reliance lifts Jio investment above $30 billion after record year

MUMBAI - Reliance Industries plans to spend a further $2.8 billion on its Jio telecoms business in the current quarter, it said on Monday, taking its investment in the venture to more than $30 billion. Reliance derives the bulk of its revenue from its core refining and petrochemicals operations, but the group has bet big on Reliance Jio Infocomm.


The project backed by Reliance owner Mukesh Ambani launched in September in a flurry of cheap phones, free voice and cut-price data plans that have forced rivals to respond. Announcing record profit for the 2016/17 financial year, Reliance said the additional investment is required for its fibre network as it expands Jio's 4G reach. Analysts and investors have expressed concern over the time it will take Jio to recover its heavy outlay, but its head of strategy, Anshuman Thakur, said there would be a "drastic drop" in investment after the current quarter.

Now watch every updates regarding Share and Stock market just with a simple click here: - http://www.ripplesadvisory.com/nifty-future-.php

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Pages