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Associated Press
6 days ago
- Business
- Associated Press
Jio Ignites India's Gaming Revolution with Blacknut Cloud Gaming: JioGames adds Premium Titles on Leading 4G/5G Networks
Jio, India's largest digital services company, announces dramatic expansion of JioGames Cloud adding Blacknut Cloud Gaming Catalog optimized by Radian Arc GPU. 'Blacknut is proud to partner with Jio to bring our expansive game library to India. This collaboration showcases our ability to scale cloud gaming with leading carriers.'— Olivier Avaro, CEO Blacknut PARIS, FRANCE, June 4, 2025 / / -- Jio, India's largest digital services company, today announced a monumental leap forward for the nation's gaming landscape with the dramatic expansion of JioGames Cloud. This revolutionary cloud gaming service, now featuring an expansive library of hundreds of premium games powered by Blacknut 's extensive catalog and optimized by Radian Arc's cutting-edge GPU Edge technology, firmly establishes Jio as the pioneer driving India's gaming future. JioGames Cloud is not merely an aggregation of games; it's a transformative platform built on the backbone of Jio's unparalleled 4G and True 5G networks, designed to deliver an ultra-low latency gaming experience previously unimaginable in India. This strategic collaboration with Blacknut and Radian Arc is set to redefine how millions of Indians access and experience high-quality gaming, democratizing access and eliminating traditional barriers. Jio: Leading the Gaming Revolution in India 'Jio has always been at the forefront of digital transformation in India, and with JioGames Cloud, we are now unlocking a billion potential gamers across the nation,' said a spokesperson for Jio Platforms Limited. 'Our vision is to make premium gaming accessible to everyone, everywhere, without the need for expensive hardware or individual game purchases. By leveraging our low-latency 4G and 5G networks, we are delivering a gaming experience consistent with consoles and high-end PCs, right to the devices our users already own. This expansion, powered by our esteemed partners Blacknut and Radian Arc, allows us to deliver premium gaming at an unprecedented scale, solidifying Jio's leadership in India's burgeoning gaming market.' Unlocking a New Era of Gaming Accessibility: JioGames Cloud empowers users to access high-quality gaming on virtually any device, including smartphones, laptops, desktops, smart TVs, and the Jio Set-Top Box. This means: • No Expensive Hardware Required: Gamers can enjoy console-quality titles without investing in costly gaming PCs or consoles. • No Individual Game Purchases: The upgraded service is now exclusively bundled with Jio's data plans, making next-generation cloud gaming more accessible and affordable for users across India. • Seamless, Immersive Experience: Powered by Jio's high-speed, low-latency 4G and 5G networks, the platform allows users to instantly stream a wide range of premium titles from top publishers, including Disney, Nacon, Gameloft, and many others. • Cross-Device Continuity: Blacknut's automatic cloud saves allow players to seamlessly switch between devices (mobile phone, computer, and set-top box) and continue their gaming progress, providing a consistent experience. Key Partnerships Driving Innovation: • Blacknut Cloud Gaming: Blacknut brings its extensive online, subscription-based game streaming service with a library of over 500 premium games, carefully curated for the whole family. With an average of 10 new games added monthly, the catalog spans classic AAA games, indie favorites, story-driven adventures, and a vast collection of racing and sports games. 'Blacknut is proud to partner with Jio to bring our expansive game library to India. This collaboration showcases our ability to scale cloud gaming with leading carriers, offering Indian gamers a world-class experience especially bundled with Jio's leading data plans,' said Olivier Avaro, CEO of Blacknut. • Radian Arc's GPU Edge Technology: Radian Arc's cloud gaming solution utilizes GPU Edge technology within operator networks to process data as close to the end-user as possible, ensuring the best possible experience with minimal lag and massive scalability. 'Radian Arc's edge platform, combined with Jio's transformational 4G and 5G networks, guarantees minimal lag and massive scalability, making premium gaming accessible through Jio's data bundles,' said David Cook, CEO of Radian Arc. This unique approach ensures consistent, high-quality entertainment to all Jio customers, unlike competing platforms that must accommodate varying network requirements. This strategic partnership between Jio, Blacknut, and Radian Arc redefines gaming in India, offering a seamless, high-performance experience bundled exclusively with Jio's 4G and 5G data plans. From casual players to competitive gamers, JioGames Cloud empowers everyone to live the Digital Life, solidifying Jio's position as the true leader in India's gaming revolution. FULL RELEASE Contact details: About Reliance Jio Infocomm Limited: Reliance Jio Infocomm Limited, a subsidiary of Jio Platforms Limited, has built a world-class all-IP data strong future proof network with 4G LTE technology. The network is 5G ready with no legacy infrastructure and indigenous 5G stack. It is the only network conceived as a Mobile Video Network from the ground up. It is future ready and can be easily upgraded to support even more data, as technologies advance on to 6G and beyond. Jio has brought transformational changes in the Indian digital services space to enable the vision of Digital India for 1.4 billion Indians and propel India into global leadership in the digital economy. It has created an eco-system comprising of network, devices, applications and content, service experience and affordable tariffs for everyone to live the Jio Digital Life. About Blacknut: Blacknut is the world's leading pure player cloud gaming service dedicated to the general public, distributed both directly to consumers and B2B through ISPs, device manufacturers, OTT services & Media companies. Blacknut offers the most extensive catalog of premium games with 500+ titles carefully selected for the whole family - all included in a simple monthly subscription. Blacknut is available across Europe, Asia, MENA, LATAM, & North America on a wide range of devices, including mobiles, set-top boxes and Smart TVs. About Radian Arc: Radian Arc provides an infrastructure-as-a-service (IaaS) platform for running cloud gaming, artificial intelligence and machine learning applications inside telecommunication carrier networks. Their teams across the USA, Australia, Central Europe, Middle East, Malaysia, Singapore and Japan offer telecom operators a GPU-based edge computing platform without the need for capital expenditure, facilitating low latency and improved economics for value-added services and the monetization of 5G investments. Leveraging the synergy of 5G and GPU edge computing, Radian Arc provides cost-effective, high-quality content delivery and cloud gaming for consumers and AI Foundries, and for governments and enterprises while reducing expenses for telecom operators. For further information, please contact: [email protected] +33 6 74 94 87 18 [email protected] +91-22-79653591 Paige Penning Blacknut [email protected] Visit us on social media: LinkedIn Instagram Facebook YouTube TikTok X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Time of India
26-04-2025
- Business
- Time of India
Reliance Industries Q4 results: RIL posts record revenue, declares Rs 5.5 dividend
Representative image NEW DELHI: Reliance Industries Limited (RIL) on Friday declared a dividend of Rs 5.5 per share for the year ended March 2025, after reporting a 6.4 per cent year-on-year rise in consolidated net profit to Rs 22,611 crore ($2.6 billion) for the January-March 2025 quarter. According to a statement issued after its Board meeting, the company saw a record annual consolidated revenue of Rs 1,071,174 crore ($125.3 billion). Reliance said the record-breaking annual revenue marked a 7.1 per cent increase over the previous year, driven by strong growth in consumer businesses and the oil-to-chemicals (O2C) segment. RIL also became the first Indian company to cross a total equity of over Rs 10 lakh crore in 2024-25. Reliance's annual consolidated EBITDA rose 2.9 per cent year-on-year to Rs 183,422 crore ($21.5 billion), with consumer businesses making a strong positive contribution. The annual consolidated Profit After Tax and share of profit/(loss) of associates and joint ventures increased 2.9 per cent to Rs 81,309 crore ($9.5 billion). Capital expenditure for the year stood at Rs 131,107 crore ($15.3 billion). For the fourth quarter, Reliance's gross revenue rose 8.8 per cent year-on-year to Rs 288,138 crore ($33.7 billion), supported by double-digit growth in O2C and consumer businesses. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo Quarterly EBITDA rose 3.6 per cent to Rs 48,737 crore ($5.7 billion). On the digital front, Jio Platforms reported an 18.5 per cent rise in quarterly EBITDA to Rs 17,016 crore. Net profit surged 25.7 per cent to Rs 7,022 crore. Jio added 6.1 million net subscribers during the quarter, taking its total base to 488.2 million, which includes 191 million True5G users. Jio's ARPU rose to Rs 206.2. Reliance Retail recorded gross revenue of Rs 88,620 crore for the March quarter, up 15.7 per cent year-on-year. Revenue from operations rose 16.3 per cent to Rs 78,622 crore, according to a PTI report. The business opened 1,085 new stores during the quarter, bringing the total count to 19,340 outlets across 77.4 million square feet after rationalisation. Reliance Retail's net profit for the quarter rose 29.1 per cent year-on-year to Rs 3,545 crore. Reliance Retail recorded 361 million transactions in the March quarter, up 16.1 per cent from a year ago. The registered customer base grew to 349 million, reflecting a 14.8 per cent year-on-year rise, and total annual transactions stood at 1.39 billion, up 10.6 per cent. Mukesh Ambani, chairman and managing director, said, "FY2025 has been a challenging year for the global business environment, with weak macro-economic conditions and a shifting geo-political landscape. Our focus on operational discipline, customer-centric innovation and fulfilling India's growth requirements has helped Reliance deliver a steady financial performance during the year." Ambani also highlighted that the O2C segment delivered a "resilient performance despite considerable volatility in energy markets" and noted that the Oil & Gas business recorded its highest-ever annual EBITDA. Speaking about the retail division, he said, "The business focused on a strategic recalibration of our store network, aimed at improving operational efficiencies and long-term sustainability. The quick hyperlocal deliveries initiative has also gained significant traction in the market, connecting strongly with the users." Further, Reliance Retail's consumer brands business delivered Rs 11,450 crore revenue in FY25, making it the fastest-growing FMCG company in India. The online fashion platform AJIO added 1.9 million new customers in the March quarter and expanded its portfolio to 2.4 million options, marking a 44 per cent year-on-year growth. In the jewellery segment, steady growth was recorded, aided by higher average bill values and a broader product offering. Reliance's grocery business continued to scale up FreshPik and GoFresh formats by offering differentiated assortments and an enhanced shopping experience. Its cash & carry business Metro also posted a 37 per cent year-on-year increase in sales, led by strong growth in staples, processed foods, confectionery, and beverages. On the New Energy front, Ambani said, "In the coming quarters, we will see the transition of this business from incubation to operationalization. I firmly believe that the New Energy growth engine will create significant value for Reliance, for India and for the world," reported ANI. In another key update, during the March quarter, Reliance Jio signed an agreement with SpaceX to offer Starlink's broadband internet services in India, subject to regulatory approvals. Jio will sell Starlink equipment through its stores and will set up support systems for installation and activation. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
India.com
26-04-2025
- Business
- India.com
Mukesh Ambani inks big deal with Elon Musk, Jio joins hands Starlink to provide...., plans dedicated...
Mukesh Ambani and Nita Ambani's chef at Antilia earns more than most CAs, MBAs; his security guard, driver's monthly salary is... In a major development that could reshape India's internet landscape, Reliance Jio is preparing to offer SpaceX's Starlink hardware across its extensive retail network. This collaboration is part of a broader partnership between the Mukesh Ambani-led company and Elon Musk's SpaceX, aimed at bringing satellite-powered broadband services to Indian users. The announcement came during Jio Platforms' latest quarterly earnings update, where the company confirmed it will roll out Starlink equipment in its stores once SpaceX receives the required regulatory clearances to operate in India. Beyond sales, Jio is also setting up a dedicated support system to assist customers with Starlink installations and activations. Interestingly, Jio is not the only telecom major aligning with Starlink. Rival Bharti Airtel has also entered into a similar agreement with the satellite internet provider. However, with Jio's unmatched retail footprint and aggressive market approach, analysts believe it may have the upper hand in scaling Starlink access to deeper corners of the country. The partnership is expected to be particularly transformative for rural and remote regions, where traditional internet infrastructure often falls short. By combining Jio's last-mile connectivity with Starlink's low-earth-orbit satellite technology, the companies aim to bridge the digital divide in underserved areas. The potential for growth is immense. According to industry experts, integrating Starlink into Jio's current product suite—rather than offering it as a standalone premium service—could drastically bring down its cost and boost adoption. With flexible payment options and local installation support, satellite internet might become a practical reality for millions. Meanwhile, Jio's financial performance for the March quarter remained robust. The company reported a 17.8 per cent year-on-year rise in revenue to Rs. 39,853 crore and an EBITDA of Rs. 17,016 crore—up 18.5 per cent over the same period last year. Jio's subscriber base swelled to over 488 million by March 2025, including 191 million users on its True 5G network. The growing popularity of 5G and home broadband solutions fueled a 24 per cent rise in annual data traffic, which reached approximately 185 exabytes. Average revenue per user (ARPU) also ticked up to Rs. 206.2, reflecting the positive impact of recent tariff hikes. While the Jio-Starlink alliance is still awaiting regulatory green lights, the groundwork laid by both companies signals a bold step forward in democratizing high-speed internet across India.
The Hindu
25-04-2025
- Business
- The Hindu
RIL Q4 net profit rises 2.4% to ₹19,407 crore, board approves dividend of ₹5.5 per share, to raise ₹25,000 crore
Reliance Industries Ltd, India's most valuable company for the 4th quarter ended March 31, 2025 reported 2.4% growth in consolidated net profit (attributed to owners of the company) at ₹19,407 crore as compared with ₹18,951 crore in the year ago period. The gross revenue for the quarter was ₹2,88,138 crore, up 8.8% Y-o-Y, supported by double-digit growth in O2C and consumer businesses. For the financial year 2024-25 the company's net profit remained flat at ₹69,648 crore as compared with ₹69,621 crore a year ago. Reliance posted record annual consolidated revenues at ₹10,71,174 crore, up 7.1% YoY, supported by continued revenue growth in consumer businesses and O2C businesses. Capital Expenditure for the year ended March 31, 2025, was ₹1,31,107 crore and it's consolidated Net Debt as of 31st March 2025 was marginally up at ₹117,083 crore as against ₹116,281 crore a year ago. Reliance Industries' board has announced a dividend of ₹5.5 per share of face value of ₹10 for the year ended March 2025. The board has also approved to raise ₹25,000 crore via Non-Convertible Debentures (NCD). In Digital Services segment Jio Platforms reported quarterly net profit at ₹7,022 crore, up 25.7% YoY. Jio reported 6.1 million net subscriber addition during the quarter driven by continued subscriber addition post tariff hike related churn and steady ramp up in home connects. Jio's subscriber base stood at 488.2 million on 31st March 2025, including 191 million True5G subscribers Its ARPU increased further to ₹ 206.2. Reliance Retail recorded quarterly revenue of ₹88,620 crore, up 15.7% YoY. The quarterly EBITDA was up by 14.3% YoY at ₹6,711 crore; EBITDA margin stood at 8.5%. The quarterly net profit grew 29% to ₹3,545 crore. Reliance's O2C Segment Revenue for the quarter increased by 15.4% YoY to ₹164,613 crore due to higher volumes and increased domestic product placement. This Segment EBITDA decreased by 10.0% YoY to ₹15,080 crore due to sharp fall in transportation fuel cracks and lower polyester chain margins partially offset by higher volume, feedstock cost optimization and higher PP and PVC delta. The Oil & Gas segment revenue for the quarter was lower by 0.4% YoY at ₹6,440 crore, mainly on account of lower gas production and lower oil offtake from KGD6, partly offset with higher gas price realisation in KGD6 Field and higher CBM production. This segment's quarterly EBITDA declined 8.6% to ₹5,123 crore on YoY basis following higher operating cost due to one-time maintenance activity and Government levies, the company said. Mukesh D. Ambani, CMD, Reliance Industries Ltd said: 'FY2025 has been a challenging year for the global business environment, with weak macro-economic conditions and a shifting geo-political landscape.' 'Our focus on operational discipline, customer-centric innovation and fulfilling India's growth requirements has helped Reliance deliver a steady financial performance during the year,' he said. 'The Oil to Chemicals business posted a resilient performance despite considerable volatility in energy markets. Significant demand-supply imbalances in downstream chemicals markets have led to multi-year low margins,' Mr Ambani said. 'The Retail segment also delivered consistent growth. In FY25, the business focused on a strategic recalibration of our store network, aimed at improving operational efficiencies and long-term sustainability,' he said. 'Our Digital Services business achieved record revenue and profit numbers. Steady increase in subscriber base, with an improving mix and increasing user engagement metrics boosted earnings. Jio continues to invest in innovation, focusing on AI capabilities and next generation technologies, which will shape India's digital future,' he added. Reliance Industries said it has becomes the first Indian company to have networth of over ₹10 lakh crore.
