RELHF’s loan book grew by 26% YoY to INR 156.4bn (lower than CSEC’s estimate of 47%). However, the book declined by 4.5% sequentially. Growth in AUM came predominantly from Construction finance and individual loans segments which grew by 25% and 21% YoY respectively. The management expects its AUM to grow by 45% CAGR over FY19-21E. Self employed segment, being the …

Reliance Jio has launched a new scheme for customers purchasing a new Oppo smartphone. Under the scheme called “JIO Oppo Monsoon Offer”, the operator is offering up to 3.2TB of Jio 4G data and benefits up to Rs 4,900. The offer is available for all the Oppo phones. Both new and old Reliance Jio customers are eligible for the scheme. …

Chinese electronics company iVOOMi on Thursday announced its partnership with Reliance Jio to offer a cashback of Rs 2,200 on the purchase of new smartphone V5. Priced at Rs 3,499, the dual-SIM device is available on Snapdeal. “This entry-level smartphone is in line with our objective to broaden the horizon of advanced technology and features in the affordable segment of …

    Reliance Jio, the telecom arm of Reliance Industries, may begin operations with “disruptive offers” to quickly capture customers to leap into the top three along with established players like Bharti andVodafone , according to Bernstein Research. In a research note titled ‘What Is the Likely Impact of Reliance Jio’s Market Entry?,” Bernstein said, “We believe an organic strategy …