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Reliance Industries Limited chairman and managing director Mukesh D Ambani at the 43rd Annual General Meeting announced several new initiatives that Jio will be focusing on going ahead. An operating system for entry-level smartphones, homemade 5G network, Jio TV+, Jio Glass and more. Jio also announced that Google is investing Rs 33,737 crore in Jio Platforms Here is everything Reliance Jio announced. Jio 5G, made in India 5G network, announced: To be made available ‘soon’ Mukesh Ambani-led Reliance Industries announced Jio 5G network services. Calling this a 'Made in India’ 5G solution, Ambani said this service will be ready as soon as the 5G spectrum is available in India and can be ready for field deployment next year. Further, he assured that the upgrade from 4G to 5G will be easy. Google picks up 7.73% equity stake in Jio Platforms Google has made an investment of Rs 33,737 crore in Jio Platforms that translates into a 7.73% equity stake. With this, the total investment from f

FAQs On XBR 1 What is XBRL? XBRL is a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world. It provides major benefits in the preparation, analysis and communication of business information. It offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using financial data. XBRL stands for eXtensible Business Reporting Language. It is already being put to practical use in a number of countries and implementations of XBRL are growing rapidly around the world. 2 Who developed XBRL? XBRL is an open, royalty-free software specification developed through a process of collaboration between accountants and technologists from all over the world. Together, they formed XBRL International which is now made up of over 650 members, which includes global companies, accounting, technology, government and financial services bodies. XBRL is and will remain an open sp

What incomes are charged to tax under the head “Capital Gains”? ​Any profit or gain arising from transfer of a capital asset during the year is charged to tax under the head “Capital Gains”.​ What is the meaning of capital asset? ​Capital asset is defined to include: a) Any kind of property held by an assessee, whether or not connected with business or profession of the assesse. b) Any securities held by a FII which has invested in such securities in accordance with the regulations made under the SEBI Act, 1992. However, the following items are excluded from the definition of "capital asset": Any stock-in-trade, consumable stores, or raw materials held by a person for the purpose of his business or profession. E.g.,  Motor car for a motor car dealer or gold for a jewellery merchant, are their stock-in-trade and, hence, they are not capital assets for them. Personal effects of a person, that is to say, movable property including wearing apparels (*) and furniture held for pers