Mumbai: Recently, the Ambani family made headlines for Anant Ambani's wedding. The wedding ceremony was held in Mumbai. The presence of foreign guests was noticeable. According to the information coming out from various sources, the wedding of Mukesh Ambani's younger son Anant Ambani and Radhika Merchant has cost around 5 thousand crore rupees. Many have calculated that this 5000 crores is actually only 0.05 percent of Mukesh Ambani's total assets. In the meantime, Reliance Jio's profit calculation has come out. This is the profit calculation for the months of April, May and June. So it can be said that after the marriage of Anant-Radhika, happy news has come to the Ambani family.
Reliance Jio Infocomm's first quarter results show that the profit is much higher than last year. The net profit in the first quarter last year was Tk 4,863 crore. And this time the profit has increased to 5,445 crores. That is, the net profit has increased by 12 percent compared to last year.
This telecom company of Reliance is currently building 5G network across the country. In 2016 Jio started its journey. Since then the organization has progressed steadily. Currently Jio is the second largest telecom network in the country. Jio has multiple services including not only internet but mobile devices, Jio Air Fiber and various apps.
Reliance Jio's recent tariff hike has drawn a lot of criticism from consumers, but according to analysts, telecom arm Reliance Jio's subscriber base continues to grow. In the June quarter, 9 million i.e. 90 lakh customers were connected with Jio.