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Jio Financial Services Ltd. is an Indian financial services company, based in Mumbai, India that was originally a subsidiary of Reliance Industries (RIL). It became an independent entity and was listed on the Indian stock exchanges in August 2023. [ 1 ]
Jio Platforms Limited is an Indian multinational technology company, headquartered in Mumbai. It is a subsidiary of Reliance Industries . Established in 2019, it acts as a holding company for India's largest mobile network operator , Jio , and other digital businesses of Reliance.
Reliance Jio has introduced a budget-friendly 4G phone called Jio Bharat at an affordable price of ₹999. The phone's sales commenced on 7 July 2023, and Reliance Jio aims to eliminate 2G technology from India through the widespread adoption of this device.
Reliance Industries. Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalisation [ 5] and revenue, [ 6] and the ...
Reliance Communications Limited (RCOM) was an Indian mobile network provider headquartered in Navi Mumbai, Maharashtra that offered voice and 2G and 3G and 4G data services. . In February 2019, the company filed for bankruptcy as it was unable to sell assets to repay its debt
Over the past decade, the Indian cellular services market has seen rapid consolidation. The launch of Jio Platforms in 2016 changed the market dynamics substantially as the company offered free data and voice services during its first year of operations, prompting a fierce price war in the market. Jio managed to garner over 8 crore (80 million ...
Jio Financial Services (77%) State Bank of India (23%) Website. www .jiobank .in. Jio Payments Bank Limited is an Indian payments bank, it started operating in 2018 and is currently a subsidiary of Jio Financial Services, which was initially owned by Reliance Industries but was listed separately on stock exchanges in 2023.
The winners were awarded spectrum in February. The Government earned ₹612 billion (US$7.3 billion) from the spectrum auction. The 1800 MHz spectrum auctioned were cancelled by the Supreme Court, following the 2G spectrum case. The government put on sale 307.2 MHz of 1800 and 46 MHz of 900 MHz-wide spectrum.