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New Airtel data plans unlikely to hurt Reliance Jio’s growth in market

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Bharti Airtel, Reliance Jio, New plans of Airtel, Smartphones, Mobile phones, Business news

New Delhi: Bharti Airtel’s new data plans are unlikely to impact Reliance Jio’s market share as the latter’s plans are still competitive, said a report by Credit Suisse.

 

Bharti Airtel, Reliance Jio, New plans of Airtel, Smartphones, Mobile phones, Business news

 

Airtel has recently introduced two new schemes — Rs 48 plan that gives 3GB data with 28-day validity, and Rs 98 plan with 6GB data and 28-day validity.

“Jio’s plans stay more competitive (20-25 per cent cheaper) than Airtel and therefore Jio should continue to gain market share on smartphones,” it said.

 

New Bharti Airtel’s new data plans are unlikely to impact Reliance Jio market:

 

“The feature-phone offer by Jio is very attractive and we expect Jio to continue to add more than 10 million feature-phone users per quarter,” Credit Suisse said.

 

Bharti Airtel, Reliance Jio, New plans of Airtel, Smartphones, Mobile phones, Business news

 

On Airtel’s new data plans, the report said they were either meant for “voice-only customers to encourage them to start experiencing data and data top-up for existing combo plans that have daily data usage limit of 1-1.5GB”.

As per the report, the impact may not be substantial as Jio also offers unlimited calling plans along with 2GB data at Rs 98 compared with Airtel that provides the same at Rs 129.

 

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Sensex falls over 500 points after touching fresh high, Nifty below 13K

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The Indian equity indices slumped from the record highs on Wednesday afternoon.

The BSE Sensex declined over 500 points to fall below the psychological mark of 44,000 and the Nifty50 dropped below 13,000.

 

The across-the-board selling was led by banking, finance, IT, telecom and capital goods stocks.

Around 2.40 p.m., Sensex was at 43,948.26, lower by 574.76 points or 1.29 per cent from the previous close of 44,523.02.

Earlier in the day it had touched an all-time high of 44,825.37 points. It had opened at 44,749.73 and has so far touched an intra-day low of 43,845.86 points.

The Nifty50 on the National Stock Exchange was had hit an all-time high of 13,145.85, is currently trading at 12,900.40, lower by 154.75 points or 1.19 per cent from its previous close.

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