Vodafone shares slumps as performance in June quarter slows

Shares of Vodafone Idea Ltd slumped 24 per cent in Monday morning trade after the company reported weak performance for the June quarter. The 4 per cent sequential fall in revenues came as a negative surprise. Introduction of minimum recharge plans for pre-paid customers is expected to help the company arrest the decline in revenue. Continue Reading

Jio bags three Golden Globe Tigers awards

Jio bagged the honours in these three categories ahead of several other entries from leading global brands this year, the release said. The Golden Globe Tigers Awards 2019 were presented to the winners at a special evening organised at Kuala Lumpur, Malaysia. Continue Reading

Softbank looking to invest in Reliance Jio as Ambani deleverages biz

As per reports, Softbank might make a $2-3 billion investment in India’s fastest-growing telecom. However, the actual money that the entity might put in is yet to be confirmed. Also not disclosed as of yet is whether the e-commerce venture is included in the Jio entity. Continue Reading

Is Reliance Jio eyeing stake in Zee Entertainment?

According to sources, Mukesh Ambani-led Reliance Jio is looking to buy a significant portion of promoter Subhash Chandra’s stake in Zee Entertainment Enterprises (ZEEL). Continue Reading