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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Reliance’s telecom business has demonstrated impressive growth in Q1. Yet, fundamental slippages are holding back profitability, even as Airtel continues to keep its lead. Expect more headwinds, not a bumper IPO.
Reliance Industries Ltd—India’s largest company by market capitalization and revenue—declared its results for the three months ended June late on Friday.
Two aspects of the results stand out right away: its substantial gains of Rs 8,924 crore from the sale of Asian Paints shares and the performance of its telecom business, Jio, more specifically Reliance Jio Infocomm Ltd. Against a 6% increase in consolidated gross revenue and a 15% EBITDA increase, RJIL delivered 17% and 23%, respectively.
The outperformance works well for RIL. Overall, the digital business—Jio being its most significant component by far—is now ~15% of the conglomerate’s revenue …
Lenders stand to gain a lot more than borrowers in the current challenging market environment
Elon Musk’s satellite internet promises a new way to get online. How will it coexist with the country's telecom giants?
A quarter with subscriber gains portends well for the telecom operator, but its underlying metrics tell a more cautious story.
