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Mukesh Ambani, A Billionaire, Delivered 4G Coverage To 1.3 Billion People And Cut Internet Prices By Five Times
By - Four Arrows
Mukesh Ambani, the director of Reliance Industries, an Indian oil refinery holding company, invested $ 35 billion to build Jio, the country's first 4G network with VoLTE communications. The operator debuted in 2016. To expand the number of members, it offers free calls and low-cost mobile Internet access, as well as a low-cost 4G phone for $ 20. Indian users still need to use pirate proxy services sometimes because of ISP blocking.
As a result, communication costs in India have dropped considerably, and 4G internet is now available in 99 percent of the country for 1.3 billion people. In terms of traffic consumption, India has risen from 155th to first place in the world in just two years.
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Analysts predict that by 2020, Jio's subscriber base will reach 400 million and that by 2021, the business will be the leader of India's telecoms market, with 500 million customers. Mukesh doesn't stop there: on top of Jio, he's creating a digital platform to compete with Amazon and Google by selling content, retail services, and advertising.
According to analysts, Mukesh had to invest billions of dollars from the oil sector for six years in an unpromising telecom route in order to establish Jio and accomplish its ambitions, and then actively break down and give conditions that its competitors could not offer.
A story about two brothers from India.
Mukesh's father, Anil Ambani, started Reliance Industries in 1966, which developed into the country's largest holding firm with holdings in finance, telecommunications, energy, oil, and other industries worth more than $ 110 billion.
His father died of a stroke in 2002, leaving no will, and the brothers took over joint administration of the empire. Mukesh felt compelled to carry on his father's dream of "cheaper mobile calls than postcards," and in December 2002, he established Reliance Infocomm (RCOMM), a telecommunications company based on the CDMA standard (a competitor to GSM communications, a standard that does not work at a specific frequency, but shares subscribers' signals across the entire available frequency range).
Mukesh saw that in order for RComm to be successful in the market, it needed to be progressive. For this, he chose the high-speed CDMA system, which could deliver both calls as well as fast Internet and other services. On the anniversary of Mukesh's father's birthday, December 28, 2003, RComm was released. RComm was able to reach the top three companies in India's mobile services industry because of aggressive price cuts and innovative content services.
In 2004-2005, the brothers clashed over Reliance's assets: Anil accused Mukesh of unlawfully financing RComm at the expense of the main company's assets, and Mukesh claimed that he acquired RComm nearly free of charge. The mother stepped in to mediate the conflict, forcing a truce.
Photo by NeONBRAND on Unsplash
Mukesh had to decide whether to keep a consistently lucrative oil refinery or RComm for himself. As a result, he gave RComm to Anil and also went into a non-competition agreement, which stated that the brothers would not be able to establish enterprises in each other's spheres of activity until 2010.
According to Reliance staff, the brothers' business attitude was drastically different. If RComm was Mukesh's life, Anil's was simpler and more greedy: he rushed companies to the IPO, pleased with short-term earnings. Mukesh, on the other hand, worked on each firm down to the smallest detail, attending multi-hour meetings to oversee all internal operations.
Mukesh's bold return to 4G telecoms.
Mukesh Ambani re-entered the telecoms sector in 2010, but with considerably higher ambitions: Jio will not just become a mobile operator, but also a massive platform for all kinds of digital services, occupying 50% of the Indian telecommunications market.
Mukesh Ambani's current bet is on mobile traffic rather than phone calls, which he made for free. He believes that data is the future, hence the primary goal is to build a database of customers who are eager to spend money on Internet-related services.
Also read: How Dhirubjai Ambani's Generosity Moved
Mukeshi wished to address one of the major issues confronting the Indian IT market: providing individuals with simple and low-cost access to fast Internet. Telecom companies did not develop services outside of the cities where roughly a billion people live: before Jio's debut, Internet penetration in India was barely 20%.
(Disclaimer: This article is sponsored and contains some commercial links)
Keywords: Mukesh Ambani, 4G, Telecommunication, Reliance
A large majority of Indians seem convinced that social media is responsible for the increased gulf between the Hindu and Muslim communities in the country.
This was revealed by a nationwide poll conducted by IANS-CVoter with a sample size of 1942 using random sampling on December 5, one day before the beginning of the 30th anniversary of the demolition of Babri Masjid on December 6, 1992.
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Close to half the respondents surveyed, 48.2 per cent to be precise felt that social media had increased the gulf between the communities to a large extent.
About 23 per cent of the respondents felt that social media had increased the gulf to some extent. In effect, more than 71 per cent Indians hold social media responsible for the recent friction between the two communities.
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In contrast, 28.6 per cent were of the opinion that social media had no role to play in this phenomenon. If you look at political divides, 40.7 per cent of NDA voters felt social media was responsible to a large extent while 53.6 per cent of opposition voters felt the same.
48.2 per cent to be precise felt that social media had increased the gulf between the communities to a large extent.Unsplash
Social media platforms have come under increased scrutiny of late for their alleged role in spreading misinformation, fake news, abusive and defamatory content and direct incitement to violence. It has become routine for state and local level administrations to temporarily ban access to social media platforms in areas that report tension and fears of violence.
A parliamentary committee has recently submitted a set of recommendations to regulate social media platforms. One major recommendation is to treat them as publishers while the other is to form a regulatory body on the lines of Press Council of India to regulate their activities. (IANS/SP)
(Keywords : social media, Hindu, Muslim, community, country, poll, respondents, political, religious, misinformation, violence. abuse, regulations)
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Final preparations are in full swing at Six Senses Fort Barwara which will host the much talked about wedding of celebrity couple Vicky Kaushal and Katrina Kaif.
According to sources, the event company working for this wedding has procured crystal balls and chandeliers from abroad to give a royal look to the wedding. These will be installed in the hotel soon.
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Six Senses Hotel has also parked indicator vehicles on the road at frequent intervals for the guests to reach the hotel easily. A glass 'mandap' has been prepared and decorated in Rajwada style for the couple to take 'pheres' (rounds around the fire) as per Hindu rituals. Moreover, the glass carvings on the mandap is such that it creates an optical illusion.
This wedding ceremony will be held amidst tight security arrangements. Secret codes have been given to each of the guests, so that it is impossible to know which guest is staying in which room.
Mobile phones have been banned inside the venue. International photographers have been hired to shoot the entire wedding. The ceremonies will be held from December 7 to December 9, with bouncers and police personnel looking after the security arrangements. As many as 100 bouncers have arrived from Jaipur to look after security arrangements at the wedding.
Katrina and Vicky's wedding is to be solemnized on December 9.Unsplash
Vicky Kaushal and Katrina Kaif's outfits have been designed in Mumbai which they will wear during different wedding ceremonies.
As per information, Katrina Kaif and Vicky Kaushal are scheduled to reach Hotel Six Senses Fort Barwara located at Chauth Ka Barwara, by 9 p.m. on Monday, via car from Jaipur where both are expected to receive a grand welcome by the hotel management.
Along with Vicky and Katrina, their family members too will reach the hotel on Monday. However, some close family members and other guests will reach the venue separately. Katrina's sister Natasha and friends reached Jaipur airport on Monday afternoon from where they left for the wedding venue by car.
Katrina and Vicky's wedding is to be solemnized on December 9. (IANS/SP)
(Keywords : wedding, Bollywood, Vicky Kaushal, Katrina Kaif, Rajasthan, hotel, Fort Barwara, ceremony, photographer, bouncer, outfit)
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Meta-owned WhatsApp on Monday announced an incubator programme in India that will select 10 organisations and help them build digital solutions to tackle critical health issues.
Called the WhatsApp Incubator Programme (WIP), the initiative aims to facilitate positive and measurable health outcomes at scale by leveraging the WhatsApp Business Platform.
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"During the pandemic we have seen several innovative use cases of the WhatsApp Business Platform by government organisations, civic actors, city administrations and many more NGOs, both large and small, across sectors and locations," said Abhijit Bose, Head of WhatsApp India.
The selected organisations will also be provided with technical support in order to design, prototype and pilot their health use cases.Unsplash
Also Read : The story behind Whatsapp
"We hope the WhatsApp Incubator Programme brings forth more such innovative and unique solutions that will help solve India's healthcare needs," he said in a statement.
The selected organizations will also be provided with technical support in order to design, prototype and pilot their health use cases.
The company said that participating organizations get the opportunity to be mentored by industry experts, access on-ground ecosystems, receive support with impact measurement guidance, and a chance to network with funders to scale their use cases.
The programme, for which applications are open till December 24, is being administered by Quicksand Design Studio, WhatsApp said. (IANS/SP)
(Keywords : Whatsapp, incubator, organizations, digital, health, business, pandemic, innovative, technical)
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