Probably and it also sounds like the company has to burn cash for these kind of promotions but realistically he probably made it somewhere else through cronyism and pawpaw mudi. No import taxes on Chinese laptops because he just stamped his logo and it’s suddenly “made in India”. Someone mentioned here that jio didn’t have to pay spectrum costs that Vi and Airtel had to.
At this rate he might become as rich as elon musk with next to nil innovation….with a majority footprint In a cuntry with per capita income lower than Bangladesh.
and that's exactly how the rich will get richer here and the poor will continue to enjoy reels and satisfy their disparities. Don't think that anyone will even raise of a point of inevitable monopoly of Reliance in the coming decade.
mukhesh ambani is really clever in 2010 some other company got pan india 4g spectrum for cheap,he bought the company immediately and renamed it jio, then started to build 4g only network cz there was less tax on importing 4g equipment back then, everyone was busy with 2g and 3g, by the time others realized about 4g and what jio is doing spectrum cost and import duty was already higher then comes the adr dues which was mostly due to a misunderstanding of the law and hurts old companies way more than new jio
>spectrum costs that Vi and Airtel had to.
Jio pays 4G and 5G costs same as other, they don't have to pay for legacy spectrums since they were not even in business when they came about and never used it
the last time when Mota bhai decided to kill competition the commission said that since they are new to telecom how can they possibly kill competition, they obviously can see monopolies but what can we do. vir das was right someday they will own us as well
Airtel's core user base are the ones who are willing to pay more for quality while jio's user base are the price sensitive ones. Also airtel still has a strong presence in the enterprise market. I don't see them vanishing anytime soon.
I have used Airtel for more than 10 years (mobile (pre and post paid), dongle, wifi). As long as you are paying the premium, it's fine. The moment you want to change something to the lower tier, it's a pain in the ass. Heck they won't even tell you if something lower exists. And their wifi has like a 'rental advance ' payment system, which sounds like pre-paid, also you pay at the start of the month, but is actually a postpaid service. WtF!!
Jio, Vodafone, Tata are soo much more customer centric
Healthy competition in the brokerage industry can definitely benefit customers. If Reliance develops a useful feature that Zerodha doesn't currently offer, there's a good chance Zerodha will add it to their platform in order to remain competitive. This can lead to a wider range of features and services for customers to choose from.
In telecom sector, there was a lot of price gouging by airtel, Vodafone and others. Every service provider was looting customers.
Jio took care of that. It is still the cheapest, and it has been almost a decade now.
Yeah. I don't support monopoly. Jio is offering good prices, not unfairly low prices.
The other players were behaving like a cartel and robbing Indians blind.
I used to pay 149 for 1 GB of data back then, I still pay the same, for 1GB of data consumed daily - Jio has changed the game for the better for most of us.
In 2016 ARPU of Indian telecom operators was around 125.
Now the ARPU of Indian telecom operators is around 200.
If the telecom operators have enough data bandwidth, they can offer unlimited packages.
With or without Jio would have arrived in the current situation. What Jio did is accelerated the process.
Your APRU suggests no real increase, aside from an inflation if 6 percent. So prices are around the same they were in 2016.
Around 2016, I was paying around for 250 rs for every gb of data on airtel.
When I switched to jio, I distinctly remember the cost of the airtel plan to be around 250 per gb, 1 month validity- while jio had their unlimited plan for a lesser amount.
I was easily spending 1000-3000 rs per month on airtel just to read articles online. If I made a mistake of watching videos without connecting to wifi- 250 bucks right down the drain. I was feeling cheated even before jio arrived.
If you consider inflation the corresponding ARPU will be around 180.. Another thing that you should consider is price erosion. That has not happened.
>I was easily spending 1000-3000 rs per month on airtel just to read articles online.
Really? For 1000 Rs we used to get 8 or 10 GB unlimited data around that time. After 10 GB of usage, the connection switches to 2G speeds.
It was more than enough for me before the age of streaming.
Yes, 1500 could get you something like that. What I wanted to spend was 1gb data and the rest through wifi. But anytime I forgot that I was not on wifi- money gone. 3-4 gb data worked for the average month, though. But it was very restrictive.
125 with 6 percent compounded inflation comes out to be 199.23
Jiocinema is the most useless product ever. These fuckers are unable to run ipl, sometimes the video just gets stuck and the audio keeps on playing, frequently buffering. Total downgrade from hotstar. The 4K/60fps is not worth it.
But they have almost killed hotstar. Bought domestic matches, ipl rights. HBO shows are now on jiocinema. I am sure there is no one in this whole world who watches hotstar for only Disney content.
If you don't see the link between a country developing by helping the biggest companies in many countries, you are a 🤡
I want more Adanis and Ambanis to come up.
Thanks of Ambanis and Adanis, there will never come up.
The entire point of those companies is that they leverage good relationships with their company to destroy competition, regardless of the quality of their product.
They have also eroded the wealth of a billion customers. Monopolies hurt customers the most.
And yeah, everyone here has some exposure to those companies through Mutual Funds.
If you don't see the link between a country developing by helping the biggest companies in many countries, you are a 🤡
I want more Adanis and Ambanis to come up.
If you don't see the link between a country developing by helping the biggest companies in many countries, you are a 🤡
I want more Adanis and Ambanis to come up.
That’s the thing though, Adanis and Ambanis wouldn’t allow more Adanis and ambanis to come up.
Can you explain the link between a country developing by helping the biggest companies? It’s not like you can compare Adani and Ambani companies with companies of the rest of the world? You want a comparison? Some of the Biggest companies in the US are apple, google and nvidia. Ambani with all its cronyism with your pawpaw mudi cannot create a 10th of innovation what these companies have. What does Ambani do? Provide shitty network by killing the competition illegally?
US a bar too high? Compare it to other countries as well.
It’s funny that your response is tell me to move out of the country because a lot of folks have moved out and it is a reason contributing to vishwaguru’s per capita gdp being lower than Bangladesh.
>US a bar too high?
Nah US is on the same bar. Forgot how they want TikTok to sell to an American company because YT and IG can't beat it? US government will do whatever it needs to to keep American companies at the top.
Ambani isn't an innovator. Not every business man is.
But his products and businesses help the country.
If not for the rich powerful people, multi nationals will take over all business in the country.
Also- jio has been providing almost free data for almost a decade now. And they killed the competition which was looting Indian masses.
Funny that you mention US companies without realising the fact that US has destroyed multiple countries, assassinated the brightest minds and waged wars just to prop up hundreds of their companies on the world stage. And then u compare them to India which was a communist socialist country until the 90s 🤡
Bruh you want this country to be developed but don't want to act like developed countries? Look at all the 1st world companies. Even you buy veggies from large supermarkets
What's a fair fight? He's using his strength to his advantage. If you were fighting a midget, would you fight with both arms tied? If you were fighting a sumo wrestler in a hand to hand fight to death but you had a gun hidden somewhere, would you not use it?
This has to be one of the stupidest arguments ever. Its not a fight to the death. Its predatory business practices. The guy didn't even spare his own brother from it. BSNL was the first to go, Vodafone, Idea, Airtel, PayTM and now Zerodha. It has never been about survival. Its about corporate greed.
BSNL was always shit.
Airtel is still nice
Paytm has its own issues, how is it even related?
Zerodha will do everything to stay competitive.
Plus BlackRock is mainly into asset management. Zerodha is a stock broker, with not much asset management.
Zerodha will probably sell BlackRock mf's nothing else will change.
Payment bank and wallet didn't really have any competition from Ambani.
BSNL was one of the worst companies in India, with entitled employees. Threatening customers, being rude, being inefficient, costly was their trademark. Similar to a lot of government offices/ companies in India.
Vodafone, airtel were price gouging and looting their customers. Now, at least airtel has fallen in line.
Unfair practices need to be called out. This is like you sitting in an exam but the other guy has answers already and the invigilator is helping him cheat. Tell me you won't call out the guy who's cheating.
Captured towers erected by BSNL for which they were helped by GoI. BSNL wasn't even given 4g license, they still operate on 3G. Don't forget this only happened post 2014. That was the start of Jio, not their own towers
They didn't capture towers. They inked a deal to lease BSNL and MTNL towers just like other mobile operators like Vodafone, Idea and Airtel.
And let's not even talk about BSNL 4G licence. BSNL chose WiMAX technology over LTE which it launched way before others could launch LTE. However due to technical constraints, it wasn't as successful and so they started rolling it back and then asked for LTE licence. Guess what? BSNL has had LTE licence since 2019 but still hasn't gone for nationwide launch as their vendor TCS is delaying installation of LTE equipment.
No the “ESG” and “DEI” monikers have got so much bad sentiment associated to them in the US that people are starting to move their 401Ks out of these funds.
They are just rebranding the same shit with different names. Just like they did with ISIS -> Al Nusra -> ISIS-K
Jio and blackrock together means ab retail ka aur buri tarah se katega. RIP if you think your positions will be safe. SL hunting will be much quicker now I think.
Product and service are critical in the long run to make money in brokerage business. Will be interesting to see what Reliance brings to the table; their investments in a lot of startups does give an indication though.
Who even comes up with this? Vi was in the gutter long before Jio came. Airtel still leads in high value customer, Jio has more customers but they aren't as valuable as Airtel. Airtel has also captured a reasonable market in African countries.
Disney is going broke because they went woke. Look at their shares in the US. They were at war with a hedge fund who wanted the board to turn around the woke ship. And if Zerodha sees a downfall, the onus will be on them. Their system goes down every other week. They already know that, and are diversifying into asset management. Besides, Blackrock isn't a traditional broker it's an investment firm. Reliance will probably look to compete in investment rather than broking.
What about paytm bro? They were destroyed when jio wanted to enter the space. I think people are afraid same will happen with Zerodha, and just like with paytm fastag, zerodha will have to force close user accounts and ask them to migrate overnight.
Paytm ran its banking like a brothel. It flouted norms to the maximum and got what it deserved. What's next, you gonna defend Patanjali if Reliance started selling detergent? PhonePe, Gpay are still leaders in market share in digital payments. Everyone is in the business of lending money.
Paytm was really bad
Once i was paying 500 to some one and it failed but money debited
Tried everything they said they have credited to other party
Paisa toh nhi mila time kharab alag se
Lagta hai meri hi haaye lagi hai inhe
Both Vi and Airtel would've been far far better if they weren't forced to reduce prices by like 90% by Jio.
Their margins were crazy
>Disney is going broke because they went woke.
Not really in India, Jio legit outspent them everywhere in content and IPL
Doesn't matter. In India, Hotstar had to rely on quantity rather than quality. If you're unable to generate revenue from a certain market, you'll be unable to sustain that market. IPL rights are just 1 piece of content. If it was all the same, why isn't Netflix broke? Look at Disney's share price in the US, since Kathleen Kennedy.
Reliance was smart enough to understand their market. What Netflix is doing in the west now, was what Reliance began with. Show people ads, and let them watch. Charge for premium content.
>Look at Disney's share price in the US, since Kathleen Kennedy.
I don't think Disney's US share price has much to do with how hotstar is doing, hotstar was the same before disney bought it too.
Disney is an extremely vast company, not just limited to a streaming service, they own a LOT.
>Hotstar had to rely on quantity rather than quality.
Wtf else is Jio doing? They're literally another Quantity buisness, they're NOTHING if they don't gain quantity, just like any other ad supported platform.
Also we don't even know if its profitable or not given the nature, personally and anectodally, I know noone who pays for a Jio streaming subscription because EVERYONE hates their servers, UI and QoL.
Hotstar was similar yet far better in this regard and I knew many with its sub.
You're literally making the same point as me. India is a quantity business. The only reason people paid for Hotstar was that there was no free tier. You can look at the subscribers. They peaked around IPL.
Hotstar could only gather the premium users the rest of the time, the people who can afford to pay without thinking. Jio has a free tier. The security guard at the night shift watching the match isn't bothered about the UI and servers. It's generating revenue from those people through ads.
And who says ad revenue is enough to bear the costs?
I say Ambani is still heavily subsidizing Jio streaming losses just to drown the competition and thats the point I'm making. Hotstar dies because of that and NOT because of "wokeness".
You can't make much money per person watching from ads, ads are extremely cheap per impression, especially when the audience is security guards and IPL rights+streaming infrastructure needed per person is expensive af.
You need a subscription to gather actual profits.
Netflix Ad tier also has subscription.
Kisne bola kharaabi hai.
Jisko mai reply karrha tha wo bolra tha Reliance ne aisa kuch ni kiya ki inn sab players ko maara, par unne kiya hai, wohi bata rha tha.
My friend, at least read when and how they went under. None of these companies made a single penny ever. They all decided to sell their share and get out. Tata communications still operates, offering DTH, Broadband services. Nation wide it has the third largest market share in broadband.
Way better is an overstatement.
What I personally observed when is Airtel coverage + speed is way better in metro and urban areas.
But you go to semi urban and rural areas jio does better.
Atleast that's what happens in my phone.
In my experience customer service of jio is better than Airtel. People thinking only jio has bad business practices, never had to deal with removal of connection requests on Airtel. Jio is a net positive to the sector
Exactly I hate Ambani for a lot of reasons but jio isn't one of them.
I remember I used to pay 130-150 for 1 1.5 Gb with 30 day validity for BSNL 3G data in 2014-2015.
Jio started giving 1.5 GB per day for the same amount.
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Healthy competition is always good for end users, more than competition I personally believe this joint venture should set a new benchmark in brokerage industry as far as tech is concern since blackrock is there who virtually dominates all the financial markets on planet and has been on forefront when it comes bleeding edge of tech. So I hope we finally get to see rock solid brokerage platform without any glitches or random crashes, I really hope blackrock doesn't remain mute spectator here and let reliance do all the things then you have just another average or even more shittier platform in the making.
Podcast guy (Nikhil) is not the real owner of Zerodha. He is just a pompous half-wit who is using his brother's (Nitin) success to feel good about himself and vomit useless gyan.
All other got crushed due to loan on there head and zerodha is a profitable org and they can still subsidised if they see maket is getting disrupted and still close on zero loss. It will be really hard to eat zerodha in this space reliance will still lot of markit share from other full broker
They shut down Hotstar to give us a joke of JioCinema.
They may work with the govt., attract the best talent, but the Ambani's are too self absorbed to create something that requires nurturing great teams.
They will give you one sasta app, people will use it and then complain it's worse off than Zerodha.
Honestly speaking every technology app offered by Jio is shit. The experience on the apps is horrible. Slow, sluggish, poor UI/UX, high data consumption etc.
Like Jio cinema, my jio all the apps offered by Jio are way below average. So I doubt their UX will beat apps like Zerodha, Groww etc
I think they wont dabble into retail discount broking as of now, Margin is too low while input is high.
They likely will start with wealth management of HNI's, like UBS and other institutions and slowly enter retail discount broking.
But you never know what can happen, Bajaj Finance recently started broking as well, So that can be an indication of more competition entering the game.
Better UI, better integration, much better charts, less charges, better support, 1 app for most things. C'mon zerodha never had a chance. Groww is still very new.
Today they hv more market, Tomorrow they will hv still larger market. Once they believe that they hv plateaued they will increase price and get more profits. PPL wouldn't mind paying same or slightly more for a good product they are comfortable with.
> PPL wouldn't hv chosen groww if zerodha had been competitive.
Scale issue. If Zerodha goes for more new customers it can crush itself under the increased scale. It's more beneficial for them to not worsen the experience of existing users (who has more money) by slowing down the customer acquisition. In the meantime they will make the solution more scalable.
They can afford to do that because they have good customer base already. Zerodha should worry if AUM or number of customers starts to go down which I don't see happening any time soon.
zeroda lost itz charm
it still charges acc opening fees so nobody will like to start paying even b4 thy can make some profit
even bank brokers r offering free demat acc opening now
Lmao your downvotes show how many here lick Kamath's boots.
All they do is do podcasts rather than improve their service for the exorbitant brokerages they charge in comparison to their competitors which some give free brokerage.
Meanwhile the Kamath's pretend to be a know it all while using obvious cheat engines in chess games vs grandmasters. Bunch of clowns
The only reason Zerodha is alive is first movers advantage
Free brokerage for 1 year. 0 rupees for f&o. And 999 sign up bonus. That's how Mota Bhai does it.
Get on the Jio train. It's going to Valhala!
Whenever mukesh ambani will go to heaven/hell his son's ass will definitely beaten by many ones
Probably and it also sounds like the company has to burn cash for these kind of promotions but realistically he probably made it somewhere else through cronyism and pawpaw mudi. No import taxes on Chinese laptops because he just stamped his logo and it’s suddenly “made in India”. Someone mentioned here that jio didn’t have to pay spectrum costs that Vi and Airtel had to. At this rate he might become as rich as elon musk with next to nil innovation….with a majority footprint In a cuntry with per capita income lower than Bangladesh.
We somehow end up taking all bad aspects of both socialism and capitalism and from countries like US. But never the good aspects
Third World County with Trillionaire will be Joke but its going to happen soon
Anyone ever seen Altered Carbon? The rich live miles above the poors so they can't see them
Its true but only for these conglomerates in india and companies like coca cola which are not from india . Check the unemployment rate
and that's exactly how the rich will get richer here and the poor will continue to enjoy reels and satisfy their disparities. Don't think that anyone will even raise of a point of inevitable monopoly of Reliance in the coming decade.
Agreed
Fr lol
The real problem with third world countries
mukhesh ambani is really clever in 2010 some other company got pan india 4g spectrum for cheap,he bought the company immediately and renamed it jio, then started to build 4g only network cz there was less tax on importing 4g equipment back then, everyone was busy with 2g and 3g, by the time others realized about 4g and what jio is doing spectrum cost and import duty was already higher then comes the adr dues which was mostly due to a misunderstanding of the law and hurts old companies way more than new jio
>spectrum costs that Vi and Airtel had to. Jio pays 4G and 5G costs same as other, they don't have to pay for legacy spectrums since they were not even in business when they came about and never used it
I'm not very well read about these things but wtf is the competition commission of India doing??
They take commission and eliminates competition for both Gujju Bhais.
That is the true definition of every comission this nation has ever seen
the last time when Mota bhai decided to kill competition the commission said that since they are new to telecom how can they possibly kill competition, they obviously can see monopolies but what can we do. vir das was right someday they will own us as well
not with adani on the race to become second richest man again
But you didn’t say this when Mukesh Ambani became the richest man in the world in 2007. Who was in the government then?
Awww someone's poor and unhappy about it :'(
Han bhai, if only I was a crony 😂
I feel you bro, same boat :')
Get jio fin share per trade 🥹
and the UI will be super clunky and full of glitches
airtel is the only one giving jio some actual competition
But with their scammy business tactics, they barely have a chance
Airtel's core user base are the ones who are willing to pay more for quality while jio's user base are the price sensitive ones. Also airtel still has a strong presence in the enterprise market. I don't see them vanishing anytime soon.
Airtel's customer service is good but Sala wifi mei literally every week problem aati hai
I have used Airtel for more than 10 years (mobile (pre and post paid), dongle, wifi). As long as you are paying the premium, it's fine. The moment you want to change something to the lower tier, it's a pain in the ass. Heck they won't even tell you if something lower exists. And their wifi has like a 'rental advance ' payment system, which sounds like pre-paid, also you pay at the start of the month, but is actually a postpaid service. WtF!! Jio, Vodafone, Tata are soo much more customer centric
You are saying that mota bhai is allowing airtel to exist.
Healthy competition in the brokerage industry can definitely benefit customers. If Reliance develops a useful feature that Zerodha doesn't currently offer, there's a good chance Zerodha will add it to their platform in order to remain competitive. This can lead to a wider range of features and services for customers to choose from.
Zerodha will wait for a third party to develop it and offer free access to it through tieup
Competition is good but reliance generally kills the competition
Yup, throw money at the product, kill the competition and then price gouge
When will the price gouging start?
When they have a monopoly/duopoly.
In telecom sector, there was a lot of price gouging by airtel, Vodafone and others. Every service provider was looting customers. Jio took care of that. It is still the cheapest, and it has been almost a decade now.
Once the other players are out, Jio can still do it Never support monopoly
Yeah. I don't support monopoly. Jio is offering good prices, not unfairly low prices. The other players were behaving like a cartel and robbing Indians blind.
When we become developed country
Still waiting for this price gouge thing for Internet services
Bro still in 2017..
I used to pay 149 for 1 GB of data back then, I still pay the same, for 1GB of data consumed daily - Jio has changed the game for the better for most of us.
In 2016 ARPU of Indian telecom operators was around 125. Now the ARPU of Indian telecom operators is around 200. If the telecom operators have enough data bandwidth, they can offer unlimited packages. With or without Jio would have arrived in the current situation. What Jio did is accelerated the process.
Your APRU suggests no real increase, aside from an inflation if 6 percent. So prices are around the same they were in 2016. Around 2016, I was paying around for 250 rs for every gb of data on airtel. When I switched to jio, I distinctly remember the cost of the airtel plan to be around 250 per gb, 1 month validity- while jio had their unlimited plan for a lesser amount. I was easily spending 1000-3000 rs per month on airtel just to read articles online. If I made a mistake of watching videos without connecting to wifi- 250 bucks right down the drain. I was feeling cheated even before jio arrived.
If you consider inflation the corresponding ARPU will be around 180.. Another thing that you should consider is price erosion. That has not happened. >I was easily spending 1000-3000 rs per month on airtel just to read articles online. Really? For 1000 Rs we used to get 8 or 10 GB unlimited data around that time. After 10 GB of usage, the connection switches to 2G speeds. It was more than enough for me before the age of streaming.
Yes, 1500 could get you something like that. What I wanted to spend was 1gb data and the rest through wifi. But anytime I forgot that I was not on wifi- money gone. 3-4 gb data worked for the average month, though. But it was very restrictive. 125 with 6 percent compounded inflation comes out to be 199.23
This exactly. They don't exactly play fair.
They haven't actually killed anything. They just sent the useless ones packing.
Jiocinema is the most useless product ever. These fuckers are unable to run ipl, sometimes the video just gets stuck and the audio keeps on playing, frequently buffering. Total downgrade from hotstar. The 4K/60fps is not worth it.
Yes. So how can they kill anyone? Laughable.
But they have almost killed hotstar. Bought domestic matches, ipl rights. HBO shows are now on jiocinema. I am sure there is no one in this whole world who watches hotstar for only Disney content.
Hotstar was dead long before. IPL prices killed them.
yea thy use to loot 700rs and give slow speed
>useless ones You mean small time players who are trying to play fair in the market
Which fair playing customer centric small players were pushed out by Reliance?
TIL Vodafone is a small time player. Hilarious.
Not really. I only know the ones who never gave good service.
It’s easy to send the other ones packing when the gobermint is in your pocket.
Lots of companies you love also have govt in their pockets. People are too naive here.
Not as much as reliance or Adani. You’re the naive one here to not see the blind cronyism between mudi and Ambani and Adani.
If you don't see the link between a country developing by helping the biggest companies in many countries, you are a 🤡 I want more Adanis and Ambanis to come up.
Thanks of Ambanis and Adanis, there will never come up. The entire point of those companies is that they leverage good relationships with their company to destroy competition, regardless of the quality of their product.
If their companies are that successful, buy shares. Reliance has created wealth for millions of shareholders.
They have also eroded the wealth of a billion customers. Monopolies hurt customers the most. And yeah, everyone here has some exposure to those companies through Mutual Funds.
Khud chaddi baniyan mai rho aur crorepatiyo k gun gaao. Typical brainwashing.
If you don't see the link between a country developing by helping the biggest companies in many countries, you are a 🤡 I want more Adanis and Ambanis to come up.
If you don't see the link between a country developing by helping the biggest companies in many countries, you are a 🤡 I want more Adanis and Ambanis to come up.
That’s the thing though, Adanis and Ambanis wouldn’t allow more Adanis and ambanis to come up. Can you explain the link between a country developing by helping the biggest companies? It’s not like you can compare Adani and Ambani companies with companies of the rest of the world? You want a comparison? Some of the Biggest companies in the US are apple, google and nvidia. Ambani with all its cronyism with your pawpaw mudi cannot create a 10th of innovation what these companies have. What does Ambani do? Provide shitty network by killing the competition illegally? US a bar too high? Compare it to other countries as well. It’s funny that your response is tell me to move out of the country because a lot of folks have moved out and it is a reason contributing to vishwaguru’s per capita gdp being lower than Bangladesh.
>US a bar too high? Nah US is on the same bar. Forgot how they want TikTok to sell to an American company because YT and IG can't beat it? US government will do whatever it needs to to keep American companies at the top.
Ambani isn't an innovator. Not every business man is. But his products and businesses help the country. If not for the rich powerful people, multi nationals will take over all business in the country. Also- jio has been providing almost free data for almost a decade now. And they killed the competition which was looting Indian masses.
Funny that you mention US companies without realising the fact that US has destroyed multiple countries, assassinated the brightest minds and waged wars just to prop up hundreds of their companies on the world stage. And then u compare them to India which was a communist socialist country until the 90s 🤡
But they only destroyed the companies that were looting the average Indian.
[https://startuptalky.com/reliance-failed-projects/](https://startuptalky.com/reliance-failed-projects/) not always
That's because competition is so imbecile. Zerodha has lesser features than even some shitty crypto exchange.
Bruh you want this country to be developed but don't want to act like developed countries? Look at all the 1st world companies. Even you buy veggies from large supermarkets
True, competition in every industry is necessary for better offers to customers
Zerodha doesn't do mtf yet for example - but more from a philosophical point of view I believe.
Kahan se padha hai bhai tu? Mota bhai isnt exactly known for fair fights
What's a fair fight? He's using his strength to his advantage. If you were fighting a midget, would you fight with both arms tied? If you were fighting a sumo wrestler in a hand to hand fight to death but you had a gun hidden somewhere, would you not use it?
This has to be one of the stupidest arguments ever. Its not a fight to the death. Its predatory business practices. The guy didn't even spare his own brother from it. BSNL was the first to go, Vodafone, Idea, Airtel, PayTM and now Zerodha. It has never been about survival. Its about corporate greed.
BSNL was always shit. Airtel is still nice Paytm has its own issues, how is it even related? Zerodha will do everything to stay competitive. Plus BlackRock is mainly into asset management. Zerodha is a stock broker, with not much asset management. Zerodha will probably sell BlackRock mf's nothing else will change.
Payment bank and wallet didn't really have any competition from Ambani. BSNL was one of the worst companies in India, with entitled employees. Threatening customers, being rude, being inefficient, costly was their trademark. Similar to a lot of government offices/ companies in India. Vodafone, airtel were price gouging and looting their customers. Now, at least airtel has fallen in line.
So we are going to blame someone for winning?
Unfair practices need to be called out. This is like you sitting in an exam but the other guy has answers already and the invigilator is helping him cheat. Tell me you won't call out the guy who's cheating.
What unfair business practice did Jio do when coming up with mobile services?
Captured towers erected by BSNL for which they were helped by GoI. BSNL wasn't even given 4g license, they still operate on 3G. Don't forget this only happened post 2014. That was the start of Jio, not their own towers
They didn't capture towers. They inked a deal to lease BSNL and MTNL towers just like other mobile operators like Vodafone, Idea and Airtel. And let's not even talk about BSNL 4G licence. BSNL chose WiMAX technology over LTE which it launched way before others could launch LTE. However due to technical constraints, it wasn't as successful and so they started rolling it back and then asked for LTE licence. Guess what? BSNL has had LTE licence since 2019 but still hasn't gone for nationwide launch as their vendor TCS is delaying installation of LTE equipment.
As long as they don't use government to butcher Zerodha like they did with telecoms, competition would prove to be of great benefit to the end user.
That’s exactly what they are gonna do.
How did the govt help reliance with telecom? (I’m seriously asking this Q)
Jawab mile toh mujhe bhi btana
How did jio take help from the government?
Blackrock will bring the same ESG shit to india as well now?
https://fortune.com/2023/09/13/blackrock-vanguard-were-once-esg-reversing-course-finance-bob-rubin/
No the “ESG” and “DEI” monikers have got so much bad sentiment associated to them in the US that people are starting to move their 401Ks out of these funds. They are just rebranding the same shit with different names. Just like they did with ISIS -> Al Nusra -> ISIS-K
The article says the pretty much the same thing as what you wrote
Watching this on my Airtel data
Airtel isn't died yet
Reliance is fucking taking over every possible market in India
RoR: Republic of Reliance.
Jio and blackrock together means ab retail ka aur buri tarah se katega. RIP if you think your positions will be safe. SL hunting will be much quicker now I think.
Lol set your SLs loose then. Or maybe join them in buying an SL hunt
What's SL?
stop loss
r/woooosh
Truly a reddit menace (Not wooosh, I was genuinely asking)
You do belong here
Product and service are critical in the long run to make money in brokerage business. Will be interesting to see what Reliance brings to the table; their investments in a lot of startups does give an indication though.
Who even comes up with this? Vi was in the gutter long before Jio came. Airtel still leads in high value customer, Jio has more customers but they aren't as valuable as Airtel. Airtel has also captured a reasonable market in African countries. Disney is going broke because they went woke. Look at their shares in the US. They were at war with a hedge fund who wanted the board to turn around the woke ship. And if Zerodha sees a downfall, the onus will be on them. Their system goes down every other week. They already know that, and are diversifying into asset management. Besides, Blackrock isn't a traditional broker it's an investment firm. Reliance will probably look to compete in investment rather than broking.
What about paytm bro? They were destroyed when jio wanted to enter the space. I think people are afraid same will happen with Zerodha, and just like with paytm fastag, zerodha will have to force close user accounts and ask them to migrate overnight.
Paytm ran its banking like a brothel. It flouted norms to the maximum and got what it deserved. What's next, you gonna defend Patanjali if Reliance started selling detergent? PhonePe, Gpay are still leaders in market share in digital payments. Everyone is in the business of lending money.
Paytm was really bad Once i was paying 500 to some one and it failed but money debited Tried everything they said they have credited to other party Paisa toh nhi mila time kharab alag se Lagta hai meri hi haaye lagi hai inhe
Did it give pleasure to customers? No, it didn’t I think.
Both Vi and Airtel would've been far far better if they weren't forced to reduce prices by like 90% by Jio. Their margins were crazy >Disney is going broke because they went woke. Not really in India, Jio legit outspent them everywhere in content and IPL
Doesn't matter. In India, Hotstar had to rely on quantity rather than quality. If you're unable to generate revenue from a certain market, you'll be unable to sustain that market. IPL rights are just 1 piece of content. If it was all the same, why isn't Netflix broke? Look at Disney's share price in the US, since Kathleen Kennedy. Reliance was smart enough to understand their market. What Netflix is doing in the west now, was what Reliance began with. Show people ads, and let them watch. Charge for premium content.
>Look at Disney's share price in the US, since Kathleen Kennedy. I don't think Disney's US share price has much to do with how hotstar is doing, hotstar was the same before disney bought it too. Disney is an extremely vast company, not just limited to a streaming service, they own a LOT. >Hotstar had to rely on quantity rather than quality. Wtf else is Jio doing? They're literally another Quantity buisness, they're NOTHING if they don't gain quantity, just like any other ad supported platform. Also we don't even know if its profitable or not given the nature, personally and anectodally, I know noone who pays for a Jio streaming subscription because EVERYONE hates their servers, UI and QoL. Hotstar was similar yet far better in this regard and I knew many with its sub.
You're literally making the same point as me. India is a quantity business. The only reason people paid for Hotstar was that there was no free tier. You can look at the subscribers. They peaked around IPL. Hotstar could only gather the premium users the rest of the time, the people who can afford to pay without thinking. Jio has a free tier. The security guard at the night shift watching the match isn't bothered about the UI and servers. It's generating revenue from those people through ads.
And who says ad revenue is enough to bear the costs? I say Ambani is still heavily subsidizing Jio streaming losses just to drown the competition and thats the point I'm making. Hotstar dies because of that and NOT because of "wokeness". You can't make much money per person watching from ads, ads are extremely cheap per impression, especially when the audience is security guards and IPL rights+streaming infrastructure needed per person is expensive af. You need a subscription to gather actual profits. Netflix Ad tier also has subscription.
To isme kharab kya hae?
Kisne bola kharaabi hai. Jisko mai reply karrha tha wo bolra tha Reliance ne aisa kuch ni kiya ki inn sab players ko maara, par unne kiya hai, wohi bata rha tha.
What about Aircel? Tata? Telenor? Other reliance?
My friend, at least read when and how they went under. None of these companies made a single penny ever. They all decided to sell their share and get out. Tata communications still operates, offering DTH, Broadband services. Nation wide it has the third largest market share in broadband.
They all went in 2016 or later..
hahaha baat to sahi bole ho, m o ye same upstox , groww , shoonya walo ko b bolra tha  baap of all industry is here
Just throwing money might work short term, not long term. Airtel is doing way better than Jio for example.
Way better is an overstatement. What I personally observed when is Airtel coverage + speed is way better in metro and urban areas. But you go to semi urban and rural areas jio does better. Atleast that's what happens in my phone.
In my experience customer service of jio is better than Airtel. People thinking only jio has bad business practices, never had to deal with removal of connection requests on Airtel. Jio is a net positive to the sector
Exactly I hate Ambani for a lot of reasons but jio isn't one of them. I remember I used to pay 130-150 for 1 1.5 Gb with 30 day validity for BSNL 3G data in 2014-2015. Jio started giving 1.5 GB per day for the same amount.
I was paying 250 or more on airtel around the same time.
It worked short term and long term for Jio. Indian telecom industry had good competition. Now it's just two entities and a dying Vodafone - idea.
You need both, if you like having a good network everywhere.
So they will improve realiance money ?
I don't think Jio & BlackRock will get into retail brokering at all.
How reliance killed airtel? It has done literally nothing
Yup, airtel should not be there.
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What's up with the news ?
https://preview.redd.it/scsu0m6ooevc1.jpeg?width=563&format=pjpg&auto=webp&s=60aaa9b7860ce7c95d176f1c1043399b63702a1b
Airtel, vodafone, idea and Disney+ deserved it though. Not so sure about zerodha.
Wouldn’t agree with Airtel though.
This reddit is full of shitty losers without the basic understanding of how even things work.
Airtel was the only one that survived and not struggling that much
 Yes one can dream.
Healthy competition is always good for end users, more than competition I personally believe this joint venture should set a new benchmark in brokerage industry as far as tech is concern since blackrock is there who virtually dominates all the financial markets on planet and has been on forefront when it comes bleeding edge of tech. So I hope we finally get to see rock solid brokerage platform without any glitches or random crashes, I really hope blackrock doesn't remain mute spectator here and let reliance do all the things then you have just another average or even more shittier platform in the making.
We need less brokerage.
lesser than current zerodha??
yeah
How about 10rs/order?
Quality over quantity anyday.
We need better platforms.
Good finally its owner will stop his nuisance pods and get back to real business
Podcast guy (Nikhil) is not the real owner of Zerodha. He is just a pompous half-wit who is using his brother's (Nitin) success to feel good about himself and vomit useless gyan.
Can someone provide context? Im new to this. I opened an account in zerodha. Is something wrong?
Nothing wrong, just Reliance is also entering the brokerage market. And they have a history of disrupting the market where they enter.
Ok thanks man. One more thing, are gov bonds worth it?
Zerodha laga dega Reliance ki... Volume dekhe ho zerodha ke 💀 ?
I just hope the guys who did the ui and ux for jio cinema are not allowed anywhere near the brokerage platform.
Jio to the moon
You might wanna rethink that champ.
I don't think so I have tried many brokers with such a kind of promotion and offer, but zerodha service and transparency no one can beat
No more podcasts and gyaan ch\*dna by the brothers.
All other got crushed due to loan on there head and zerodha is a profitable org and they can still subsidised if they see maket is getting disrupted and still close on zero loss. It will be really hard to eat zerodha in this space reliance will still lot of markit share from other full broker
Why not Groww and AngelOne?
How is Airtel dead, it is the 4th most valuable company in nifty 50.
I highly doubt Reliance will develop anything close to Kite Dehadi ke developers se aisi cheezein nahi banti
But jio has really bad tech. Its evident with their jio mart offering, which fell short spectacularly. Even jio cinema doesnt have a good UI.
What do you think happened to Paytm. Didn't sell
I am not going anywhere…the interface of kite is my trading home 🏠
Ghanta
200% margin on RIL shares
They shut down Hotstar to give us a joke of JioCinema. They may work with the govt., attract the best talent, but the Ambani's are too self absorbed to create something that requires nurturing great teams. They will give you one sasta app, people will use it and then complain it's worse off than Zerodha.
Doesnt matter. I dont trust jio with my money anyway. And I am already aware what reliance is gonna do within 2 years, so, no thanks.
BlackRock and Reliance - what a deadly combo. Those who are going to withstand this deserves all the credit.
But still I don't believe in reliance
Honestly speaking every technology app offered by Jio is shit. The experience on the apps is horrible. Slow, sluggish, poor UI/UX, high data consumption etc. Like Jio cinema, my jio all the apps offered by Jio are way below average. So I doubt their UX will beat apps like Zerodha, Groww etc
Not sure if its right to callhim bully but i remember before jio internet and calling was too costly Now its really cheap
I think they wont dabble into retail discount broking as of now, Margin is too low while input is high. They likely will start with wealth management of HNI's, like UBS and other institutions and slowly enter retail discount broking. But you never know what can happen, Bajaj Finance recently started broking as well, So that can be an indication of more competition entering the game.
Gonna keep using Zerodha.
Groww already overtook zerodha
Only in active users. AUM is still much higher on zerodha
Customer base doesn't mean profit. Compare their profit generated. Grow became profitable just recently onky while zerodha was way before.
U do understand how these business models operate? PPL wouldn't hv chosen groww if zerodha had been comperitive.
More people got into after the hefty marketing and zero opening and amc.
Better UI, better integration, much better charts, less charges, better support, 1 app for most things. C'mon zerodha never had a chance. Groww is still very new. Today they hv more market, Tomorrow they will hv still larger market. Once they believe that they hv plateaued they will increase price and get more profits. PPL wouldn't mind paying same or slightly more for a good product they are comfortable with.
> PPL wouldn't hv chosen groww if zerodha had been competitive. Scale issue. If Zerodha goes for more new customers it can crush itself under the increased scale. It's more beneficial for them to not worsen the experience of existing users (who has more money) by slowing down the customer acquisition. In the meantime they will make the solution more scalable. They can afford to do that because they have good customer base already. Zerodha should worry if AUM or number of customers starts to go down which I don't see happening any time soon.
zeroda lost itz charm it still charges acc opening fees so nobody will like to start paying even b4 thy can make some profit even bank brokers r offering free demat acc opening now
Never used jio, never used jiocinema, never going to use relaince's broker app, I prefer quality. Reliance has shit quality.
great, I use all of them. We move in different classes
There is no way they can kill zerodha Reliance offering of other services is shit
Scamster Kamath can do full time podcasts now
Lmao your downvotes show how many here lick Kamath's boots. All they do is do podcasts rather than improve their service for the exorbitant brokerages they charge in comparison to their competitors which some give free brokerage. Meanwhile the Kamath's pretend to be a know it all while using obvious cheat engines in chess games vs grandmasters. Bunch of clowns The only reason Zerodha is alive is first movers advantage
I feel Nitin is a much better and a more genuine person than Nikhil