Mukesh Amabni BCCL. Saudi Arabia’s Public Investment Fund, one of the world’s largest sovereign wealth funds, said on Thursday it will invest $1.5 billion in Jio Platforms for a 2.32% stake in the top Indian telecom operator. Though Reliance Jio Platforms has not revealed why it is raising so much money, this capital could be deployed to cut oil-to-retail giant Reliance Industries’ net debt of about $21 billion, said Mahesh Uppal, director of communications consultancy firm Com First, in a conversation with TechCrunch. Rakesh Jain is Chief Executive Officer at Reliance General Insurance Co Ltd. See Rakesh Jain's compensation, career history, education, & memberships. Reliance Jio and the Telecom Revolution. Reliance Jio Infocomm Ltd popularly known as Jio in India is a mobile network operator owned by Reliance industries. Jio Platforms Ltd is an Indian technology company and a subsidiary of Reliance Industries Limited.Established in 2019, the company owns India's largest mobile network operator Jio and other digital businesses of Reliance. Reliance Jio and the telecom operators’ industry body were on opposite camps in terms of readiness for 5G at an industry event on Wednesday. By solidifying their content strategy, they have appealed to investors that are seeing this same strategy play out in other markets,” he said. Jio Institute’s vice chancellor elect Dipak Jain and adviser (education) Vinay Sheel Oberoi, a retired IAS officer and former secretary of higher education in the human resource development (HRD) ministry, were present at the review meeting held in New Delhi on April 29-30, said people aware of the matter. Today we announced a comprehensive long-term alliance with Reliance Jio Infocomm Limited (Jio), a subsidiary of Reliance Industries Limited. Many frauds live on the internet who ask you lots of money to install or increase monthly rent of jio tower installation, so this article is aware of you from this type of advertisement. Jio working with Realme, others to bring down device prices Reliance Jio is working with Realme and other organisations to further lower the price of 4G handsets and other connected devices. 45 Mn Songs. This is an exciting advancement that will accelerate India’s digital transformation and bring the latest technologies to millions of businesses across the country. Today’s announcement further illustrates the opportunities foreign investors see in Jio Platforms, a three-and-a-half-year-old subsidiary of Reliance Industries (India’s most valuable firm) that has upended the telecommunications market in India with cut-rate voice calls and mobile data tariffs. Currently, Jyoti Jain holds the position of Secretary & Compliance Officer at Reliance Jio Infocomm Ltd. Ms. Jain is also on the board of Jio Platforms Ltd. On 8 May 2020, Jio Platforms was reported to be the fourth largest Indian company by market capitalization. Know More. The Reliance Jio launch has aroused huge interest among subscribers. Jio has announced that off-net domestic calls will be free for its users from January 1. It operates a national LTE network with coverage across all 22 telecom circles. Jio's CEO is Pravir Kumar. Popular Products Connecting you to the latest technology. A Chartered Accountant by qualification, Rakesh Jain is the Chief Executive Officer of Reliance General Insurance, one of the leading general insurance companies in India. View More . Reliance Jio is working with Realme and other organisations to further lower the price of 4G handsets and other connected devices, a senior company official said on Wednesday. Dec 31, 2020, 14:56 IST . Healthcare, frontline workers to get COVID-19 vaccine first in Delhi: Health minister Satyendar Jain; News ; Technology; Mukesh Ambani Reliance Jio to launch 5G services in second half of 2021: Mukesh Ambani. 05 Nov 2020. Reliance Jio subscribers have reached a new high of 398.3 million at the end of Q1FY21 with a net increase of 9.9 million subscribers during the quarter. With this deal, Jio Platforms, which is India’s largest telecom operator with more than 388 million subscribers, has secured $15.2 billion from 10 investors, including social giant Facebook, in the past nine weeks by selling a 24.7% stake in its business. Microsoft Azure. The company owns broadband wireless spectrum across all 22 mobile zones in the country for which it paid Rs 12,837 crore in a … 10000+ Movies. With over 18 years of leadership experience and a successful track record of working in top corporate houses in India like ITC, ICICI and Reliance, Rakesh has also been recognized as the ‘Best CFO' in the Financial Services Sector by the Institute of Chartered Accountants of India awards for the year 2009. View Other Jio Devices . Pankaj Jain, a high-profile angel investor, told TechCrunch that Jio Platforms’ digital services suite appeared to have helped it attract foreign investors. ST. XAVIER COLLEGE, KOLKATA. In addition, under his leadership, Reliance General Insurance has been recognized at various prestigious forums and received several accolades. Jio Platforms also owns a bevy of digital apps and services, including music streaming service JioSaavn (which it says it will take public), on-demand live television service JioTV and payments app JioMoney, as well as smartphones and broadband business. Analysts at Bernstein said this week they expect Jio Platforms to reach 500 million customers by 2023, and control half of the market by 2025. Mukesh Ambani's fourr-year-old telecom venture Reliance Jio has captured the number 1 spot offering free voice calling and data at dirt-cheap rates. Engineered to experience the best. There is another way of finding it from my jio app. The monthly recharge invoice is available in invoice history of my Jio application under transactions section.There is a download option to pdf available. Reliance Jio Outage in Mādhogarh, Jālaun, Uttar Pradesh Last Updated 2 minutes ago: Reliance Jio Infocomm Limited d/b/a Jio is an Indian mobile network operator. This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia’s economy and our country’s citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom.”. This would allow the company to offer all telecom services including voice telephony under a single licence. Know More. 400+ TV Channels. See the full leadership team at Craft. India’s richest man built a telecom operator everyone wants a piece of, In a statement, Yasir Al-Rumayyan, governor of PIF, said, “We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. Rakesh is currently responsible for Reliance Jio’s OSP Contracts including services for telecom infrastructure of fiber and towers PAN INDIA, supply of MH’s, Duct, Fiber etc. View Other Jio Devices . Reliance Industries had no debt in 2012, but that changed when the company decided to enter the telecommunications market. “Foreign investors see that owning the pipes is a race to the bottom in terms of ARPU (average revenue per user) but having so many bundled services seems like it’s the future for telecommunications companies. “From Oil Economy, this relationship is now moving to strengthen India’s New Oil (Data-driven) Economy, as is evident from PIF’s investment into Jio Platforms. Join to Connect Reliance. Mr. Rakesh Jain, the CEO of Reliance General Insurance speaks about the importance of freedom and what it means today. ETTelecom December 09, 2020, 18:33 IST NEW DELHI: Mukesh Ambani-owned Reliance Jio Infocomm (RJI) received unified licence on Monday, according to people aware of the development. Multiple features packed into Jio mobile. 45 Mn Songs. Sunil Dutt, Reliance Jio's president for devices and mobility, said there is a need to provide affordable devices so that people still using 2G handsets can upgrade to 4G and 5G. Reliance Jio Platforms, which has amassed over 388 million subscribers, has secured $13.49 billion by selling nearly a 22% stake in the company to … Other executives include Pankaj Thapliyal, Senior Vice President, CEO Mumbai; Mathew Oommen, President, Reliance Jio and 4 others. The company had started charging 6 … For some comparison, India’s startup ecosystem raised $14.5 billion last year — in what was its best year. This alliance represents a unique collaboration between our two organizations. Rounak Jain. Reliance Jio Tower Installation Problem is a big issue in India. Reliance Jio is working with Realme and other organisations to further lower the price of 4G handsets and other connected devices, a senior company official said on Wednesday. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth. 21 Sep, 2020, 02:21PM IST Executive Director and Chief Executive Officer, Reliance General Insurance, For non-life insurers, year 2020 is going to be year of digital, 5 point agenda for reforms in the Real Estate sector in 2019, Affordable Housing: The rise and current scenario in India, Anytime is Good Time for First Time Home Buyers. Rakesh Jain - Vice President and Head of P&C - Reliance Jio Infocomm Limited | LinkedIn View Rakesh Jain’s profile on LinkedIn, the world's largest professional community. Please contact us if any problem or call by a person who asks for money to solve your problems. Jio Platforms competes with Bharti Airtel and Vodafone Idea, a joint venture between British giant Vodafone and Indian tycoon Kumar Mangalam Birla’s Aditya Birla Group. The insurer is leveraging AI and digital technologies to accelerate the vehicle damage claim process which can now be settled in less than an hour wit.. cio.economictimes.indiatimes.com . 10000+ Movies. # ExclusiveInterview | Rakesh Jain, ED & CEO, Reliance General Insurance, tells us why Reliance General Insurance bullish over # AI. He has been instrumental in driving Reliance General Insurance’s continuous growth, innovation and expansion and the company today is ranked amongst the top 5 private general insurance companies in India. Billionaire Mukesh Ambani has found yet another high-profile firm to write a massive check to his telecom venture Reliance Jio Platforms at the height of a global pandemic. Prior to Reliance General Insurance, Mr. Jain worked as the Director - Corporate Centre & CFO at ICICI Lombard General Insurance. “Unfortunately, it’s still to be seen whether content can help increase margins significantly in India.”. Unlimited Connectivity & Entertainment @ ` 2999 (EMI starting at Rs.141) 400+ TV Channels. Ambani pledged to clear Reliance’s debt due by early 2021. Reliance Jio Infocomm Limited, d/b/a Jio, is an Indian telecommunications company and a subsidiary of Jio Platforms, headquartered in Mumbai, Maharashtra, India. RAJNEESH JAIN CFO ( Reliance Jio Infocomm Ltd.) Thane, Maharashtra, India 500+ connections. I have greatly admired the defining role PIF has played in driving the economic transformation of the Kingdom of Saudi Arabia,” said Ambani, India’s richest man, in a statement today. With over 18 years of leadership experience and a successful track record of working in top corporate houses in India like ITC, ICICI and Reliance, Rakesh has also been recognized as the ‘Best CFO' in the Financial Services Sector by the Institute of Chartered Accountants of India awards for the year 2009. Billionaire Mukesh Ambani has found yet another high-profile firm to write a massive check to his telecom venture Reliance Jio Platforms at the height of a global pandemic. The org chart of Reliance Jio Infocomm contains its 25 main executives including Mathew Oommen and Rajneesh Jain. Jio was the brainchild of Mukesh Ambani and was launched in 2015 in honour of the 83rd birth anniversary of Dhirubhai Ambani, the founder of Reliance Industries. Jio … These services are available to Jio subscribers at no additional charge. It does not offer 2G or 3G service, and instead uses only voice over LTE to provide voice service on its 4G network. Owned by Reliance Industries and headquartered in Navi Mumbai, Maharashtra, it operates a national LTE network with coverage across all 22 telecom circles. 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