How much profit will Reliance Jio make annually by increasing the price of prepaid tariff? – Press Review
Bharti Airtel and Reliance Jio Infocomm recently hiked their prepaid tariffs, giving them an additional benefit of Rs 7,500 crore every year, which would come to them in the form of free cash flows.
The English newspaper ‘The Economic Times’ writes in its report that while Jio and Airtel will benefit from increasing the tariff plan, Vodafone-Idea (Vi) will get some help in making up for its loss.
The newspaper says that by increasing these prices, the average revenue per user of Bharti Airtel and Jio will be Rs 25 and Rs 20 respectively by March 2022, which can be Rs 153 and Rs 144 in the future.
On the other hand, Vodafone-Idea’s average revenue per user is likely to increase from Rs 5 to Rs 114 by the end of March. However, the revenue-strapped telecom company has been unable to expand its data network and bring low-revenue feature phone users to 4G.
After Bharti Airtel and Vodafone-Idea increased their prepaid tariffs last week, Jio on Sunday also increased its prepaid tariffs by 20-21%, which will be effective from December 1.
The aim of the telecom companies is to collect more revenue from their consumers by increasing these tariffs.
Vodafone-Idea’s NSE shares rose up to 4.3% after Jio increased the price. Market experts say that this is not going to see any decrease or increase in the subscribers of Vodafone-Idea and Bharti Airtel.
Goldman Sachs says in its report, “The recent price hike will contribute $1 billion to the annual FCF of Airtel and Jio and will continue to benefit from Vi’s market share.”
- Mehul Choksi released the video and expressed his fear of kidnapping
Fugitive diamantaire Mehul Choksi has claimed that there are plans to ‘kidnap’ him in Antigua and take him to the neighboring Caribbean country of Guyana.
English newspaper ‘The Hindu’ writes that in a video message, Choksi, accused of cheating Indian banks, said that he is ready to cooperate with the investigation in India.
Choksi said, “I feel very insecure. I might be kidnapped again and taken to Guyana which has a good presence of Indians.”
He claimed that the allegations leveled against him are false and that he will prove that he is innocent.
Choksi said he was trying to recover from the May-June 2021 kidnapping incident, which he claims was abducted by a group of people of Indian origin and taken from Antigua to Dominica.
Choksi, who claims to be a citizen of Antigua, said he had not illegally visited Dominica in the summer.
- Cricket tournament to be held in the name of Article 370 in Amit Shah’s seat
BJP is preparing to organize a cricket and kabaddi tournament in Gandhi Nagar, Gujarat and it will be named Gandhi Nagar Lok Sabha Premier League 370 or GLPL 370.
Local leaders say that this has been done to connect more youth to the party.
It is worth mentioning that Home Minister Amit Shah is an MP from Gandhi Nagar Lok Sabha seat.
English newspaper ‘The Indian Express’ writes that Ahmedabad City BJP unit general secretary Jitubhai Patel says that the series has been named after Article 370, which was abolished in the year 2019 under the leadership of ‘Amit Shah ji’. Was.’
Jitubhai Patel said that there is a plan to start this competition in the middle of December.
BJP in-charge of Gandhi Nagar Lok Sabha parliamentary seat Harshad Patel has told the newspaper that ‘this program is being organized to make them (youth) voters whose name is in the voter list’. Cricket and Kabaddi have been chosen for this. The goal is to have at least two teams from each ward.”
Harshad Patel says, “Home Minister Amit Shah had earlier discussed this (idea) with 8-10 people inside the party.” After this, he told that later a meeting was called with 200-250 party workers and they were given responsibilities.
Gujarat minister Jagdish Vishwakarma, who organized the Karnavanti Premier League (KPL) cricket tournament in Ahmedabad five years ago, has been given the task of planning the tournament. It was Amit Shah who inaugurated the KPL in 2016.
- Pakistan imposed condition on India’s initiative to send relief material to Afghanistan
After accepting India’s offer to supply Afghanistan aid material through Pakistan, now Pakistan has put some conditions which are not acceptable to India.
The newspaper ‘Amar Ujala’ writes that experts in this matter have told that India wants to deliver Indian wheat and medicines to Afghanistan via Pakistan, but Pakistan has not yet completed the modalities of transport.
Sources said that Pakistan wants a consignment of 50,000 tonnes of wheat and medicines to be transported by Pakistani trucks from the Wagah border, while India said that it will deliver aid materials by its own transport.
India wants aid to reach the Afghan people unconditionally. Transportation of relief material is one of the many issues that both sides are trying to address.
At the same time, there are indications that India can talk to the UN agency on the Wagah border and put pressure on Pakistan to deliver material to Afghanistan.
Pakistan Prime Minister Imran Khan said last Monday that his government would allow the transportation of 50,000 tonnes of wheat from India to Afghanistan.
On Friday, Foreign Ministry spokesman Arindam Bagchi had said that we have received a response from the Government of Pakistan on our proposal given on 7 October to provide humanitarian assistance of 50,000 metric tonnes of wheat to the people of Afghanistan. These also include the life saving medicines that we wanted to send.