Jio IPO listing: can not comment on media speculation, says Reliance

13 December, 2017, 09:46 | Author: Darnell Taylor
  • You may soon have Wi Fi in planes TRAI to release in-flight connectivity recommendations by year-end

Airtel recently updated its Rs. 349 plan to offer 2GB data per day, along with free roaming outgoing, bundled calls across the country, and 100 SMSes per day. The Rs 509 plan is valid for 84 days whereas the new Idea Rs 309 plan comes with 28 days validity.

Thanks to Jio, now in around Rs 450 we get 1GB of data with unlimited calling for more than 70 days on both Airtel and Vodafone.

Idea subscribers need to check the official app to see if the plan is available to them with extended validity as the official website still mentions 35-day validity, meaning this is a personalised plan which might be available to select consumers only. But then there is also another angle to it, Jio offers 4G data whereas Idea offers 3G.

However, a company with IPO plans should earn a minimum Rs 15 crore as average "pre-tax operating profit" in at least three years of the immediate preceding five years and have a net worth of at least Rs 1 crore in each of the preceding three full years, as per SEBI rules.

US's Jerusalem decision 'null and void', says Erdogan
Embassy in Beirut issued a security message reminding U.S. citizens of "the need for caution and awareness of personal security". Meanwhile, Arab ministers met in Cairo on Saturday and urged the U.S. to reverse its decision.


Geminid meteor shower visible Thursday night
SET your alarm for about 3am and go outside to catch a glimpse of what is tipped to be one of the best meteor showers of the year. These meteors are pretty unique because they originate from an asteroid, though some refer to it as a dead comet.


Group Offers $17.6B Blueprint To 'Re-imagine' Puerto Rico's Grid
The plan also would make the island's electrical grid stronger and better able to withstand future storms. Cuomo and Rossello detailed the plan Monday.


This is the latest move by Idea to take on Reliance Jio.

Jio's Rs. 309 plan, on the other hand, offers 49GB of bundled data doled out at 1GB per day, free calls, including roaming outgoing, free SMSes and access to Jio apps. Also, users are not allowed to call more than 100 unique numbers in a week; in this case, the calls will be charged at 1 paisa per second. Securities and Exchange Board of India (Sebi) rules also make it hard for Jio to have an IPO immediately.

After launching an unlimited plan of Rs 509, Idea has now rolled out another similar plan at Rs 309, but with less days of validity than the Rs 509 plan.

Recommended:



Popular

Swansea City vs Manchester City
The biggest Premier League matchup of game week 18 sees Manchester City and Tottenham do battle at the Etihad Stadium on Saturday. Up front, Sergio Aguero is likely to be recalled after not featuring in the Manchester derby on Sunday.

The $0.62 EPS Expected for Blackstone Group LP (BX) This Quarter
It is negative, as 35 investors sold BX shares while 129 reduced holdings. 66 funds opened positions while 113 raised stakes. The Wellington Management Group Llp holds 7.76M shares with $485.38 million value, up from 6.65 million last quarter.

Facebook's AR Studio is now open to all third-party developers
By opening up its toolkit to developers, Facebook is hoping to take advantage of Snap's reticence to work with third parties. That breadth of offering will be key to becoming the default way people explore the AR world.

Mercedes to bring new MBUX infotainment system to CES
In addition to the extra room the seat now reclines by either 40, 60 or 100 per cent providing increased comfort and a heated bum. Mercedes says the material quality in this interior has been enhanced, with several new design nuggets that up the uniqueness.

State Supreme Court stays order directing Alabama not to destroy voting records
Digital ballot images are essentially digitized versions of the paper ballots Alabamians fill out in the voting booth. Original paper ballots are preserved while electronic images generally are not preserved.

Hot Stock to Watch: Synchrony Financial (NYSE:SYF)
Omega Advisors Inc decreased Amazon.Com Inc (NASDAQ:AMZN) stake by 8,900 shares to 10,500 valued at $10.16 million in 2017Q2. Synchrony Financial has a beta of 0.88, offering the possibility of a higher rate of return, but also posing more risk.

Congress opens joint session on martial law extension
Padilla last Friday said there is "no clear evidence" that the groups that operated in Marawi have a new leader. Padilla said the groups that operated in Marawi are "scattered", "disorganized", and "leaderless".

Morrissey Addresses Recent Controversial Interview Quotes
Morrissey has denied the quotes and is demanding the full, unedited version of the interview be released. Now Morrissey seems to be saying he never said all this, although he didn't explain what he did say.

Last-second halt to launch
The launch attempt was aborted two seconds before lift-off from its range on Mahia Peninsula between Gisborne and Napier. The company hopes to begin commercial launches next year and eventually launch one rocket every week.

Model, 19, found naked, dead after falling from condo balcony
However, her father contends that neighbours heard shouting and arguments from the apartment unit in question that morning. Smit's death was ruled as a "sudden death" and investigators believe there was no criminal activity related to her case.