Reliance Jio launches JioFi dongle exchange offer, here's how it works

Job alert Mukesh Ambani owned Reliance Jio plans to hire 80,000 employees

Jio brings a Jio Exchange Offer. This is due to average revenue per user (ARPU) continued its downtrend.

Net profit of Reliance Jio Infocomm reported to Rs 510.44 crore in the quarter ended March 2018 as against net loss of Rs 17.34 crore during the previous quarter ended March 2017. In sales, the company had earlier set a record of Rs 1,18,038 crore in the December quarter of 2013, data compiled from corporate database Capitaline showed.

Shares of Reliance Industries rose by over 2 per cent on Friday, adding Rs 12,335 crore to its market valuation, ahead of its quarterly results to be announced later in the day.

Helped by rise in earnings across businesses, Reliance Industries posted a record net profit of Rs 36,075 crore in the fiscal year ending March 31, 2018, up 20.6 per cent over Rs 29,901 crore net profit of 2016-17 fiscal.

Reliance Jio has released its performance report for Q4 of the financial year 2017-18 which has revealed that while the telco has recorded huge profits in the first year of its operations, it has also gained a substantial number of subscribers in the said period.

Malaysia releases photo of suspect, find motorbike allegedly used in Palestinian killing
Fadi Mohammad al-Batsh's corpse was set to be flown to Egypt later in the day before being transported on to Gaza for burial. Tan Sri Fuzi said: "It's not going to be easy to track them down as we believe they're using a fake identity".

Suspects in killing of Hamas engineer still in Malaysia, police say
Al-Batsh was shot in the "body and head", the police said , adding that they are investigating all angles including "terrorism". The Izz al-din Qassem Brigades are the active terrorists in Hamas and members of the group attended the public mourning.

South Africa football thugs brutally beat guard in riot after cup defeat
The 44-year-old returned to Chiefs at the beginning of this season from Cape Town All Stars where he was the head coach. Speaking outside court, Jojisa's sister Nomaswazi said it was unfair that her brother was the only one arrested.

On a segmental basis, the EBIT for petrochemical business was Rs 6,435 crore against Rs 5,753 crore posted during the previous quarter.

RIL's gross refining margin-the difference between the cost of crude oil and the average selling price of refined products-is expected to drop marginally to $11.3 a barrel, but still outstrip the regional benchmark Singapore Complex which managed $7 a barrel in the same period.

Chennai: The Indian market moving towards privatisation has created new jobs, with companies like Reliance Jio reporting mass intake of personnel this financial year. Similarly, refining business revenue jumped 23 percent to Rs.93,519 crore where exploration and production revenue plunged 54 percent to a Rs.746 crore.

Reliance Retail revenue grew 134 per cent YoY to Rs24,183 crore (Rs10,332 crore). Outstanding debt as on March 31, 2017 was Rs 196,601 crore. Jio is six times more profitable than Bharti Airtel, whose consolidated profit in Q4FY18 was Rs 83 crore. Reliance declared a dividend of Rs 6 per equity share on the enhanced share capital on account of bonus issue in the ratio of 1:1 a year ago.

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