Reliance Industries Chairman Mukesh Ambani on Saturday lauded Prime Minister Narendra Modi for his demonetisation move and digital drives, adding that India has the potential to be the leader in the 4th industrial revolution.
A new report released today suggests that Reliance Jio and Google are going to launch an affordable 4G smartphone for the Indian market. Both the companies hope to attract customers with Google branding and Reliance Jio apps’ integration into the Android platform.
Jio has been a big name for everyone in the country soon after it started giving away free SIM cards with unlimited data to customers. As the free trial reaches its end, it would be interesting to see how many Jio users stick to the network.
The balance-sheet of major telecom operators in India -- Bharti Airtel, Idea Cellular and Reliance Communications -- came under major pressure in the third quarter (October-December) of the current fiscal and the trend is likely to continue in the fourth quarter.