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Jio Platforms Ltd reports robust financial performance and strategic advancements

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Mumbai: Reliance Industries Limited (RIL) has reported a remarkable financial performance for the year ended 31 March 2024 highlighting Jio Platforms Ltd’s (JPL) financial results. As per reports company reported quarterly revenue of Rs 33,835 crore, marking a significant increase of 13.3 per cent year-over-year (YoY). The quarterly EBITDA reached Rs 14,360 crore, reflecting a 12.5 per cent YoY growth.

JPL demonstrated exceptional subscriber growth, adding 42.4 million net new subscribers during FY24. This growth, coupled with the expansion of 5G and home services, drove data traffic to approximately 148 exabytes for the year, a substantial 31 per cent increase YoY.

As per the report Jio has maintained its leadership in India’s 5G transition, boasting over 108 million 5G subscribers, which represents around 28 per cent of Jio’s wireless data traffic. This achievement positions Jio as having the largest 5G subscriber base for any operator outside China. Additionally, JioAirFiber has seen robust demand across approximately 5,900 towns, leading to the highest-ever quarterly home connects.

In terms of digital services, Jio Platforms has achieved a remarkable 64 per cent increase in standalone quarterly revenue YoY. The annual performance highlights include double-digit revenue growth driven by significant subscriber additions in mobility and an expanded wireline services portfolio. The company’s strong EBITDA growth is attributed to higher revenues and consistent margin improvements. Increased depreciation resulted from higher network utilization and additions to the gross block, while finance costs remained broadly flat due to stable leverage.

For the quarterly performance comparison between 4Q FY24 and 4Q FY23, operating revenue growth continued to be fueled by robust subscriber increases in mobility and home services, along with an improved ARPU mix. EBITDA growth was driven by healthy revenue increases and operating leverage. Depreciation saw an increase due to heightened network utilisation and gross block additions, with finance costs remaining stable.

Operationally, Jio’s average revenue per user (ARPU) stood at Rs 181.7, with a better subscriber mix partially offset by a growing share of promotional 5G traffic. Data and voice traffic experienced increases of 35.2 per cent and 9.7 per cent YoY, respectively.

Jio has successfully rolled out its True5G network across India, with over 108 million subscribers now migrated to the 5G network. The True5G network now carries approximately 28 per cent of Jio’s wireless data traffic, facilitated by Jio’s own 5G+4G combo core. The JioAirFiber services, available in around 5,900 cities and towns, continue to attract strong customer demand due to its unique entertainment-first proposition combined with high-quality broadband connectivity. AirFiber subscribers have an average daily data usage of approximately 13 GB, which is 30 per cent higher than JioFiber users. The network slicing on the Standalone 5G network and Jio’s point-to-multipoint deployment are transforming fixed broadband infrastructure in India.

As per the report, Jio introduced several new offers, including the IPL Dhan Dhana Dhan offer for new JioBharat device users, which provides an additional two months of free service with a recharge of the new two-month plan. Additionally, Jio launched the Dhan Dhana Dhan 50-day free service offer for all mobility users who subscribe to new JioAirFiber or JioFiber connections. New JioAirFiber Plus subscribers also enjoy three times the speed for two months.

The company has also introduced affordable international roaming and in-flight packs, offering bundled voice and data services for seamless travel across top destinations including the USA, UAE, and other top-50 countries. These in-flight packs are available in partnership with 22 airlines.

Reliance Jio Infocomm chairman  Akash M Ambani said, “Jio continues to maintain its network leadership and offer innovative digital solutions to multiple customer cohorts. This is driving consistent outperformance in terms of subscriber additions and engagement levels. Continued acceleration in the growth of JioAirFiber subscriber base and ramp-up of digital services will sustain industry-leading growth for Jio.”

As per the report, Reliance BP Mobility Ltd (RBML), operating under the Jio-bp brand, runs 1,729 retail fuel outlets across the country. The brand recently launched a country-wide campaign titled “You Deserve More,” which showcases pioneering customer value propositions (CVPs). This campaign highlights high-performance HSD and MS, powered by bespoke active technology, available at prevailing market prices across the network.

RBML has expanded its partnerships with international airlines and is benefiting from the rapidly growing Indian aviation sector. In line with its decarbonization efforts, RBML has emphasized the expansion of its EV and CBG/CNG networks. Under the Jio-bp Pulse initiative, RBML has grown its network to over 4,520 live charging points, including 26 of India’s largest charging hubs with over 100 charging points each, located at 330+ unique sites with industry-leading charger uptime.

MAM

Nielsen launches co-viewing pilot to sharpen TV measurement

Super Bowl pilot to refine how shared TV audiences are counted

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MUMBAI: Nielsen is taking a fresh stab at one of television’s oldest blind spots: how many people are actually watching the same screen. The audience-measurement giant on February 4 unveiled a co-viewing pilot that uses wearable devices to better capture shared viewing, starting with America’s biggest broadcast stage.

The trial begins with Super Bowl LX on NBC on February 8, 2026, before extending to other high-profile live sports and entertainment events in the first half of the year. The goal is simple but commercially potent: count viewers more accurately, especially during live spectacles that pull families and friends to one screen.

The new approach leans on Nielsen’s proprietary wearable meters, wrist-worn devices that resemble smartwatches. These passively capture audio signatures from TV content, logging exposure to shows, films and live events without requiring viewers to sign in or self-report. In theory, fewer clicks, fewer lapses, better data.

Karthik Rao, Nielsen’s ceo, cast the move as part of a broader measurement push. He said the company’s task is to keep pushing accuracy as clients invest heavily in live programming that draws mass audiences. The co-viewing pilot, he added, builds on upgrades such as Big Data + Panel measurement, out-of-home expansion, live-streaming metrics and wearable-based tracking.

Co-viewing is not new territory for Nielsen, which has long tried to estimate how many people sit before a single set. What is new is the heavier integration of wearables and passive detection to reduce reliance on active inputs from panel homes.

For now, the pilot comes with caveats. Co-viewing estimates from the trial will not be folded into Nielsen’s Big Data + Panel ratings, which remain the industry’s trading currency. Instead, pilot findings will be shared with clients a few weeks after final Big Data + Panel ratings are delivered. Clients may disclose those findings publicly.

More impact data will follow later this year. Full integration into Nielsen’s marketing-intelligence suite is slated as a longer-term play, with a target of bringing co-viewing into currency measurement for the 2026–2027 season. This is only phase one, with further co-viewing enhancements planned beyond 2026 and additional timelines to be announced.

The push fits a wider pattern. Nielsen has in recent years expanded big-data integration, adopted first-party data for live-streaming measurement and broadened out-of-home tracking. It also positions itself as the reference point for streaming metrics through products such as The Gauge and the Nielsen Streaming Top 10.

In a market where billions of ad dollars hinge on decimal points, counting who is in the room matters. If Nielsen can pin down shared viewing, the humble sofa could become prime measurement real estate. The race to count every eyeball just found a new wrist to watch.

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Delhivery chairman Deepak Kapoor, independent director Saugata Gupta quit board

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Gurugram: Delhivery’s boardroom is being reset. Deepak Kapoor, chairman and independent director, has resigned with effect from April 1 as part of a planned board reconstitution, the logistics company said in an exchange filing. Saugata Gupta, managing director and chief executive of FMCG major Marico and an independent director on Delhivery’s board, has also stepped down.

Kapoor exits after an eight-year stint that included steering the company through its 2022 stock-market debut, a period that saw Delhivery transform from a venture-backed upstart into one of India’s most visible logistics platforms. Gupta, who joined the board in 2021, departs alongside him, marking a simultaneous clearing of two senior independent seats.

“Deepak and Saugata have been instrumental in our process of recognising the need for and enabling the reconstitution of the board of directors in line with our ambitious next phase of growth,” said Sahil Barua, managing director and chief executive, Delhivery. The statement frames the exits less as departures and more as deliberate succession, a boardroom shuffle timed to the company’s evolving scale and strategy.

The resignations arrive amid broader governance recalibration. In 2025, Delhivery appointed Emcure Pharmaceuticals whole-time director Namita Thapar, PB Fintech founder and chairman Yashish Dahiya, and IIM Bangalore faculty member Padmini Srinivasan as independent directors, signalling a tilt towards consumer, fintech and academic expertise at the board level.

Kapoor’s tenure spanned Delhivery’s most defining years, rapid network expansion, public listing and the push towards profitability in a bruising logistics market. Gupta’s presence brought FMCG and brand-scale perspective during a period when ecommerce volumes and last-mile delivery economics were being rewritten.

The twin exits, effective from the new financial year, underscore a familiar corporate rhythm: founders consolidate, veterans rotate out, and fresh voices are ushered in to script the next chapter. In India’s hyper-competitive logistics race, even the boardroom does not stand still.

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MAM

Meta appoints Anuvrat Rao as APAC head of commerce partnerships

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SINGAPORE: Anuvrat Rao has taken charge as APAC  head of commerce and signals partnerships at Meta, steering monetisation deals across Facebook, Instagram and WhatsApp from Singapore. The former Google executive, known for launching Google Assistant, PWAs, AMP and Firebase across Asia-Pacific, steps into the role after a high-growth stint as chief business officer at Locofy.ai.

At Locofy.ai, Rao helped convert a three-year free beta into a paid engine, clocking 1,000 subscribers and 15 enterprise clients within ten days of launch in September 2024. The low-code startup, backed by Accel and top tech founders, is famed for turning designs into production-ready code using proprietary large design models.

Before that, Rao founded generative AI venture 1Bstories, which was acquired by creative AI platform Laetro in mid-2024, where he briefly served as managing director for APAC. Alongside operating roles, he has been an active investor and advisor since 2020, backing startups such as BotMD, Muxy, Creator plus, Intellect, Sealed and CricFlex through a creator-economy-led thesis.

Rao spent over eight years at Google, holding senior partnership roles across search, assistant, chrome, web and YouTube in APAC, and earlier cut his teeth in strategy consulting at OC&C in London and investment finance at W. P. Carey in Europe and the US.

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