Word on the street is that Jio is launching an affordable smartphone priced at Rs. 4000. And this could be a serious blow to Airtel and Vodafone-Idea (Vi).
Why? (1/6)
Well, the answer lies in the massive 2G user base in India. Airtel has 13Cr and Vi has over 17Cr 2G users. 47% of Airtel's and 60% of Vi's users are on 2G
Even when Jio launched free calls and cheap data plans, they couldn't get a lot of 2G subscribers to shift to Jio (2/6)
The reason being, Jio's 4G sim only works on a 4G phone. And most 4G smartphones sold at the time were still expensive for low-income groups. Although Jio released a 4G feature phone, it didn't manage to convince a lot of people to switch. However that might be changing now (3/6)
Jio is partnering with Google to launch affordable smartphones priced at ₹4000. And word on the street is that Jio has asked Indian suppliers to augment their production capacity so that Jio could push out 20 Cr smartphones in the next 2 years (4/6)
If Jio were to be successful in making an affordable 4G smartphone, it can be a serious blow to Airtel and Vi. On the flip side, Indian manufacturers like Dixon, Lava, Karbonn would receive a big fillip since they could put some of their manufacturing capacity to good use. (5/6)
For more insights like this, subscribe to Finshots- bit.ly/35UXtkm It's free. (6/6)
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How Naveen Jindal’s Biggest Acquisition Was Erased Overnight
1) In the early 2000s, India’s economy was roaring. Liberalisation had opened the floodgates for private capital, and the government began quietly divesting public-sector assets. Among them were underperforming steel units owned by SAIL (Steel Authority of India Ltd.) — a move that caught the eye of Naveen Jindal, one of the fastest-rising industrialists in the country.
This Rs 91,000 Crore Scam Shook India!
Here's all you need to know!
1) It was India’s Lehman moment.
IL&FS wasn’t some obscure shadow bank. It was a giant. A massive infrastructure lending company that had been around since 1987. It had hundreds of subsidiaries, sovereign wealth fund investors, and one of the highest credit ratings in the business. Everyone believed IL&FS was too big to fail. And then, it did.
2) In 2018, the company defaulted on a series of bond payments. No one saw it coming. Not the investors. Not the rating agencies. Not even the regulators. But behind the scenes, IL&FS had been quietly building a mountain of debt. Over ₹91,000 crore. All hidden behind a web of shell companies and creative accounting.
Why did SEBI take action on Jane Street? Here's all you need to know👇
1/n
Nine out of ten traders in the derivatives market lose money. And if you’ve ever wondered who that elusive one-in-ten winner is, chances are it’s a firm like Jane Street.
Jane Street is a US-based quantitative hedge fund famous for its low-profile, high-return approach to trading. It uses high-frequency algorithms to execute billions of rupees worth of trades in milliseconds. But now, the firm is under the scanner of the Securities and Exchange Board of India (SEBI).
2/n
SEBI has spent the past few months combing through the firm’s derivatives footprint on India’s National Stock Exchange (NSE).
And they are tracing the last three years of trades to see if outsized options positions on Nifty-50 and Bank Nifty stocks were paired with strategic trades that could have nudged benchmark index values by a few basis points, just enough for a quick arbitrage trade.
3/n
1/ In 2008, India's telecom ministry handed out mobile spectrum - the invisible highway for your calls and data - in a way that would go down as one of the most controversial decisions in Indian political history.
What should've been an auction... was a race to the minister's desk.
2/ Instead of open bidding, then telecom minister
A. Raja used a "first-come, first-served" policy to allocate spectrum licences.
The rates? Set at 2001 prices. In 2008. When demand - and telecom valuations - had skyrocketed.
Did Kingfisher Airline end the Good Times for Vijay Mallya? 👇🧵
1/ The promise:
In 2005, India saw the launch of an airline like no other.
Plush leather seats, in- fight entertainment, gourmet food, flight attendants handpicked from beauty pageants - Kingfisher Airlines wasn't just a carrier. It was a lifestyle.
2/ And behind it all was Vijay Mallya, the flamboyant "King of Good Times."
His pitch was simple:
If you fly Kingfisher, you don't just reach your destination - you arrive in style.
At a time when budget airlines were scaling up, Mallya promised a five-star flying experience.