Reliance Jio launches 4G smartphone at Rs 0

Reliance Jio launches 4G smartphone at Rs 0

While introducing the JioPhone, Ambani said,"Today, Jio is going to reinvent conventional feature phones with a revolutionary device made in India, by young Indians and for all Indians".

The scrip of Dish TV India plunged 5.85 per cent, Sun TV Network went down by 2.65 per cent, Hathway Cable & Datacom fell 2.58 per cent, GTPL Hathway (2.28 per cent) and Den Networks (0.13 per cent) on BSE. "TV would also hurt the cable TV industry", said Nitasha Shankar, Sr Vice President and Head of Research, YES Securities.

During the company's 40th annual general meeting (AGM) on Friday, RIL chairman and MD Mukesh Ambani revealed the company's plans to foray into the fixed-line high-speed broadband network. The phone, packed with built-in features, is being offered for Rs 1500, refundable after three years of use.

The deposit will be refunded after 36 months on return of the phone.

Matthews wins Stage 16 in Tour, Froome keeps yellow jersey
Romain Bardet (France) and Rigoberto Uran (Colombia) are also both within 30 seconds of the lead with only five stages remaining. "I'm just happy to get through today's stage", said Froome, adding he was looking forward to the race reaching the Alps.

The JioPhone will be available for user testing in beta from 15 August 2017 and for pre-booking from 24 August 2017.

The tycoon told shareholders and staff, who regularly burst into chants of "Jio, Jio, Jio", that the phone, the latest entry into India's crowded market, would be available from September.

"At a plan Rs 153 a month, it is only 3 per cent of the existing price putting an end to unaffordable data for all Indians forever", Ambani said.

The JioPhone supports all Indian languages. "We believe that the feature phone will be a compelling attraction for those customers for whom device prices were a hurdle for shifting from a 2G to a 4G service", said Rajan S Mathews, Director General, Cellular Operators' Association of India. "However, we see the low priced sachet plans of Rs 24/54 increasing the affordability of phone services, and could prove to be disruptive, leading to other telco operators being forced to float similar plans", the report said.

Charlie Gard Case: American Doctor Arrives Examine Terminally Ill Baby
But Dr Hirano, 55, believes his experimental theory could give Charlie "11% to 56% chance of clinically meaningful improvement". The court battle continues. "It may be unconventional but this case is full of unconventional aspects", the judge said.

Reliance Jio JioPhone will be available to users who pre-book it on a first-come, first-serve basis. Currently, Jio offers a Rs 309 plan to the smartphone users. He told shareholders that RIL will soon have over 10,000 Jio offices, in every city and tehsil in the country. Since its launch 10 months back Jio has added seven customers per second on an average. "Faster than even Facebook, WhatsApp and Skype", Ambani added. "There will be a fair usage policy of half a gigabyte per day, to ensure that bandwidth is fairly apportioned for every user", said Ambani.

"Before Jio's launch, India was 155th in the world in mobile broadband penetration".

At the AGM, Ambani also said that RIL's deal last month with British energy major BP on a joint investment of $6 billion across the entire energy value chain in India was a major highlight of RIL's oil and gas business. "Today, Jio has more than 100 million paying Jio Prime customers".

Govt calls all-party meeting ahead of Parliament Session
Apart from this, the Centre will also introduce 16 new bills in both the houses of the Parliament for consideration and passing. A total of 18 bills has been listed for passage in the Lok Sabha and the Rajya Sabha.

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