Business
Reliance Jio battles falling share of active users on network
Reliance Jio, Mukesh Ambani’s Indian mobile operator, is battling a falling share of active customers even as the company touts its breakneck growth to attract billions of dollars from top foreign investors. Four-year-old Jio has used rock-bottom prices to become India’s largest operator with its customer base soaring to 397m in June, the most recent month for which data is available.
This enormous footprint helped Mr Ambani, Asia’s richest man, this year sell stakes in Jio worth $20bn to 13 global investors, including Facebook and Google.
Yet Jio has faced a slide in the portion of active users in its subscriber base even as its total subscriber numbers have continued to grow. Jio’s share of active users fell in June to close to a three-year low of 78 per cent from 84 per cent a year earlier, according to data from the Telecom Regulatory Authority of India. TRAI defines active users as the peak number of subscribers connected to the network at a given time during that month. That meant 87m of Jio’s users were inactive at the time of TRAI’s measurements.
Airtel and Vodafone Idea use narrower definitions of revenue-generating, active customers, which helps to boost their revenues per user. Jio, however, gives its investors a broader figure based on the total that it reports to TRAI.
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Business
Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise
%20(3).jpg "Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise")
Tributes continue to pour in for Ratan Tata, with Virat Kohli and Jay Shah taking to their social media accounts to bid farewell to the industrialist.
Former Indian captain and batting legend Virat Kohli paid a touching tribute to Ratan Tata, the legendary business tycoon, who passed away on Wednesday night. Tata, a Padma Vibhushan recipient, was undergoing treatment in intensive care since Monday but breathed his last in Mumbai, leaving a profound impact on many across the nation.
Kohli expressed his condolences through his Instagram account on Thursday morning, sharing a heartfelt message along with a photo of the late industrialist.
Tata’s contribution to business, society, and philanthropy has been widely acknowledged, and his passing marks the end of an era.
The Board of Control for Cricket in India (BCCI) secretary, Jay Shah, also conveyed his sorrow, stating, “Deeply saddened by the loss of Shri Ratan Tata Ji. His leadership, integrity, and dedication to society set a remarkable standard for legacy. My heartfelt condolences to his loved ones. Rest in peace, Sir.” Shah’s words reflect the collective grief of a nation that has long admired Tata’s contributions to the country.
BCCI’s tribute
Additionally, the BCCI issued a statement about his demise.
“The BCCI expresses its deepest sorrow and joins the nation in mourning the passing of Shri Ratan Tata ji. His invaluable contributions across diverse fields have been instrumental in shaping India’s growth and success story.
His extraordinary legacy, founded on the principles of passion, empathy, visionary leadership, innovation, and excellence, will continue to inspire and guide future generations for years to come,” the statement read.
Ratan Tata, born on December 28, 1937, in Mumbai, embarked on his journey with the Tata Group in 1962 as a young executive. Over the decades, he transformed the group into a global conglomerate. His work was acknowledged with India’s second-highest civilian honour, the Padma Vibhushan, in 2008, and he received numerous accolades, including honorary doctorates from prestigious institutions in India and abroad.
Tata is survived by his family, including brothers and sisters Simone Tata, Jimmy Tata, Noel Tata, Aloo Tata, Shireen Jejeebhoy, Deanne Jejeebhoy, Leah Tata, Maya Tata, Neville Tata, Manasi Tata, Jamset Tata, Tiana Tata, and others, as mentioned in a family statement.
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