What are the challenges faced by Reliance Industries?
The rising debt level of Reliance demands critical attention as there has also been a consistent decline in revenue from oil, gas and petrochemical business. Investments in acquisitions is another cause for the huge debt pile of Rs 2.87 lakh crore at the end of 2018-19.
What went wrong with Reliance Communications?
Rcom has closed its telecommunications business in 2019 and filed for bankruptcy. In February 2019, the company filed for bankruptcy as it was unable to sell assets to repay its debt. It has an estimated debt of ₹50,000 crore against assets worth ₹18,000 crore….Reliance Communications.
| Type | Public |
|---|---|
| Website | www.rcom.co.in |
Does Jio go international?
Jio International roaming service is available in 170 countries. You can visit our website www.jio.com to check the list of countries where International roaming service is currently available.
What is Reliance trying to do?
Reportedly, Mukesh Ambani’s RIL is planning to sell a 15 per cent stake in Reliance Retail Ventures for Rs 60,000-63,000 cr. As per an ET report, fresh shares will be issued to the investors and the company expects to complete the fundraise by October end.
Is JioMart a success?
Given the progress of JioMart in the first year, analysts at JPMorgan peg that Reliance’s e-commerce business may earn an annual revenue of over $59 billion and the net worth may hit $145 billion in the next ten years.
Why is Reliance Jio raising so much money?
RIL had to raise a lot of debt to launch Jio 4G in September 2016 (remember all the freebies and the cheap data packs that Jio offered?). As Jio grew and beat the competition in less than four years, RIL decided to pay off the debt and, if possible, earn some profit by selling a part of its stake.
Is Jio really profitable?
Reliance Jio has reported a profit decline of nearly 4% with net profit of ₹3,508 crore. Jio also witnessed a major slump in average revenue per user (ARPU), which fell to ₹138.2, a decline of over 8%.
How much money did Jio raise in 2020?
By raising $15.2 billion, Jio Platforms, which Ambani describes as a “startup,” alone mopped up more capital than India’s entire tech startup ecosystem last year.
Is Jio a good investment?
Reliance Jio has received a flood of investment in recent months. It has raised a total of Rs 1.52 lakh crore by selling almost 33 per cent stake to 13 financial and strategic investors in only 11 weeks, helping to cut down RIL’s net debt target for the full fiscal year.
How much should I invest in Jio?
Now Google is the latest company that has invested around $4.5 billion for the 7.73% stake in the Reliance Jio. So far the RIL has now raised $20.2 billion (Rs. 1,52,056 crores) in total from some of the world’s leading tech investors….Hemant Singh.
| Investor | Stake (%) | Investment (MN $) |
|---|---|---|
| 12. Google | 7.73 | $4.5 billion |
What is so special about Jio?
Jio hit the market offering customers free voice calls and zero roaming charges. The data plans were so incredibly cheap, they undercut the incumbents by more than a third. At launch, Jio’s 4G network already covered 18,000 cities and towns and more than 200,000 villages.
Is Jio sold to FB?
India’s antitrust watchdog has given its blessing to Facebook and Reliance Jio Platforms for their $5.7 billion deal. In a statement on Wednesday, the Competition Commission of India said it …
Did Ambani buy Facebook?
Mukesh Ambani gave Google and Facebook a discount on Reliance Jio stake — here’s why. Google’s $4.5 billion cheque and Facebook’s $5.7 billion investment were a cheaper deal than the rest. Both the deals had a different equity valuation for Jio than the other financial investors who also paid a 12.5% premium.
Is Mukesh Ambani invested in Facebook?
Facebook, on Wednesday, announced a Rs 43,574 crore ($5.7 billion) investment in Mukesh Ambani-led Jio Platforms Limited. With the investment, Facebook will hold a 9.99 per cent stake in Jio Platforms and will be the largest minority shareholder.
Who is the CEO of Facebook?
Mark Zuckerberg
Is Zuckerberg still CEO of Facebook?
Facebook’s Mark Zuckerberg is the last founder-CEO in Big Tech as Bezos steps back. With Amazon’s Jeff Bezos stepping down as CEO, Facebook’s Mark Zuckerberg is now the only remaining founder-CEO at any of the Big Tech companies.