Forbes' second annual Global Game Changers list includes 25 "intrepid business leaders" who are "unsatisfied with the status quo" and "transforming their industries and changing the lives of billions of people around the globe."
For the consolidated numbers for the fourth quarter of FY17 – the 45 percent growth in revenue was driven by 50 percent and 26 percent growth in refining and petrochemicals respectively.
Net loss stood at Rs 7.46 crore in the same period a year ago, Reliance Jio Infocomm said in an exchange filing.
Shares of RIL were trading 3.43 per cent higher at Rs 1,416.40 on BSE at 1236 hrs, giving the company a market capitalisation (m-cap) of Rs 4,60,291.20 crore -- the highest for any listed firm in the country. This was Rs 3,151.92 crore more than TCS' Rs 4,57,139.28 crore valuation at the time.
This comes merely days after Reliance Industries' telecom arm, Jio, introduced the Dhan Dhana Dhan offer for those who had not already signed up for the Jio Summer Surprise.
RIL saw its market capitalisation (m-cap) soaring to a record high of about Rs 4.58 lakh crore in morning trade at around 1015 hours, exceeding TCS's Rs 4.56 lakh crore valuation at that time. Shares of RIL rose by over 1 per cent to a multi-year high of Rs 1,410 on BSE.
Airtel is offering up to 30 GB of free data for the next three months for postpaid subscribers logging onto the 'My Airtel' app by April 30.
These included free WiFi to government educational and health institutions, employment for youth, and training of sportspersons for the forthcoming Tokyo Olympics.
Since racking up 100 million subscribers in record time, telecom's new entrant has gone all out to ensure that it retains its subscriber base.
Telecom operator Vodafone today complained to Trai that Reliance Jio is still "luring customers" to subscribe the 'Summer Surprise' offer despite the regulator finding it in violation of norms.
Moreover, the RJio's extended free services for prime members till June, may also continue to keep the performance of telecom companies muted for the first quarter (April-June) of the current fiscal, according to ICICI Securities' latest earnings preview of the sector.
Investors have been placing a bullish bet on the stock after the company announced an extension of its Jio Prime membership deadline till April 15.
Billionaire Mukesh Ambani's Reliance Jio, on March 31, announced it had notched an unprecedented 72 million paid subscribers, and extended by a fortnight its deadline for migrating other subscribers to its paid offer.
The index heavyweight contributed to almost all of the gains on the Nifty. Investors placed bullish bet on the stock after the company announced an extension of its Jio Prime membership deadline till April 15.
All those who enrol before April 15 and recharge for plans of Rs 303 and more will get three months of complimentary service i.e. the company will not charge you anything till July 1, 2017 and one can continue availing benefits of its existing plan.
Reliance Jio Prime customers who make first recharge before April 15 using its Rs 303 plan (or higher) will get complimentary services for first three months.
Generosity in India seems to be on a decline as each year the number of philanthropists are going down as well as the donation amount.
SEBI banned Reliance Industries and 12 others from equity derivatives trading for one year and directed the firm to disgorge nearly Rs 1,000 crore for alleged fraudulent trading in a 10-year-old case.
The telecom body has warned the ministry of further erosion in the sector's financial health, sources privy to the information told CNBC-TV18.
The Forbes list of the 'World's Billionaires' 2017 consists of 2,043 of the richest people in the world who have a combined net worth of USD 7.67 trillion, a record 18-per cent increase over the past year.
Telecom operator Reliance Jio has approached advertisement sector watchdog ASCI against Bharti Airtel saying the latter's claim of being "officially the fastest network" is "misleading" and done in "mala fide manner in collusion with" broadband speed tester Ookla.
The company has also has plans to add 500 to 600 fuel stations and the combined business expansion cost is estimated at Rs 2,500 crore, property market sources told the newspaper.