Reliance

The Centre on May 4 gave a green light to telecom service providers (TSPs) to conduct 5G spectrum trials in the country. Rejecting Chinese telecom gear makers, the Telecom Department approved Ericsson, Nokia, Samsung, C-DOT and Reliance Jio’s indigenously developed technology to conduct trials. The department has given 6-month duration to conduct the trials. Moreover, it has also allowed Telecos to use their existing spectrums to conduct… read-more

According to reports, more companies could join hands to apply for the setting up of a new UPI-like digital payments system. Facebook, Amazon and Google, along with Visa and Mastercard, have already applied for licenses in India to operate the digital payments arena. Another consortium, led by Mukesh Ambani's Reliance with having Facebook and Alphabet Inc as members, has also applied. However, the RBI, in its notification, has indicated of … read-more

The Supreme Court on February 22 issued notices to Future Retail and RIL against their Rs 24,713-crore deal, which was objected by Amazon. Giving notices, the apex court stayed a Delhi High Court order that gave a green signal to the deal. The Supreme Court has asked Future Retail and RIL to file their replies within three weeks. Earlier, Amazon objected to the deal on the ground that it holds 49% stake in Future Retail.

Agents registered with Reliance Retail Ltd have agreed with Karnataka’s Sindhanur farmers to purchase 1,000 quintals of Sona Masoori paddy. The agreement states Reliance will be paying Rs 82 more than the minimum support price (MSP) of Rs 1,868. The produce will be procured by Swasthya Farmers Producing Company which has around 1,100 farmers registered with it. However, Karnataka’s Rajya Raitha Sangh said such luring measures will severely… read-more

Reliance Jio has announced to offer free voice calls to any network in India starting January 1, 2021. Reportedly, telecom giant scrapped Interconnect Usage Charges (IUC) to make all domestic calls over other networks free. Jio said that it has shown its commitment to not charge for off-net voice call-charges as the IUC provisions have been abolished by the telecom regulator TRAI. Moreover, it stated it cares about its customers.