Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
CEO ReviewCompany Review

The Silicon Review Asia

Mukesh Ambani-led Reliance Jio increases tariffs by up to 40%

Mukesh Ambani-led Reliance Jio increases tariffs by up to 40%

Reliance Jio Infocomm has raised its tariffs by nearly 40%, suggesting that the days of the price war in the telecom sector may still not be over. The MukeshAmbani-led telecom company had started a tariff battle in the sector with its entry in 2016, and now it has increased its headline price plans for the first time since its launch.

“These plans will provide up to 300% more benefits to the Jio consumers (compared with previous plans), upholding the Jio promise of providing the best quality service at the lowest price globally,” the telco said in a news release. The firm also released the additional benefits to increase the calling time during which Jio subscribers can call other companies sim holders without being charged.

Some of its new price plans include unlimited voice calls which would be 1,000, 2,000, 3,000 or even 12,000 minutes.In October, Jio started charging voice calls made to the subscribers of other networks, to account for the six-paise-a-minute termination charge it has to pay under local rules.

The price hike is expected to improve the telco’saverage revenue per user (ARPU) In line with Jio’s move, Vodafone Idea and Airtel had rolled out a ‘fair usage policy’ as part of their latest tariff hikes. For Jio’s 355-million-plus subscribers, the new plans will be effective December 6.


Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...