iWorld
Jio AirFiber set to be unveiled in September
Mumbai: Reliance Industries chairman Mukesh Ambani revealed in a virtual annual general meeting that Jio will launch Jio AirFiber, its fixed wireless access offering on 19 September. Jio, which has 50 million 5G users, shall have a pan- India coverage by December 2023. It will also be among the first globally to put 6G competencies in place, as per media reports.
The launch of Jio AirFiber comes on the heels of its rival, Bharti Airtel launching its own device commercially, and is anticipated to swell the former’s addressable market to over 200 million high-paying homes and premises, over the next three years.
Mukesh also brought out that “providing last-mile connectivity is a painstaking process in most parts of our country,” and that’s where the fixed-wireless broadband offering, Jio AirFiber, would play a role. Additionally, he pointed out that Jio has more than 450 million subscribers, say reports.
As of now, the pricing of the new offering is under wraps. The new service is expected help the telco multiply its connected premises to 1,50,000 connections per day, which is a 10-fold growth from 15,000 premises a day that optical fibre would allow.
Mukesh also underlined the in-house developed Jio 5G stack which possesses features like standalone 5G architecture, network slicing, carrier aggregation, and AI/ML capabilities.
Jio’s 5G customer has reached 50 million since the October 2022 launch, and Jio 5G is already present in over 96 per cent of the census towns of the country.
Reliance Jio chairman Akash Ambani also spoke about the telco building a ‘transformative platform’ which will alter the way Indian enterprises, small businesses, and tech start-ups work with the digital world.
He also announced the Jio True5G Developer Platform – a comprehensive platform combining the 5G network, edge computing, and a spectrum of applications and services.
iWorld
Tips Music CEO Hari Nair to step down
Girish Taurani and Sushant Dalmia to jointly steer the company as the hunt for a new chief begins
MUMBAI: A leadership shuffle is under way at Tips Music. Hari Nair, the company’s chief executive, will step down on April 30 as the music label begins the search for a successor.
The company said Girish Taurani, executive director, and Sushant Dalmia, chief financial officer, will jointly oversee operations during the transition while the board identifies a permanent replacement.
Nair joined Tips Music in 2023 and set about reshaping the veteran music label into a more digital, data-led enterprise. During his tenure, the company secured licensing and partnership deals with global platforms including Sony Music Publishing and TikTok, while renewing agreements with Warner Music Group.
Drawing on earlier experience in technology and entertainment, including a stint at ByteDance, Nair pushed the organisation towards a performance-driven culture. He built a brand partnerships division and introduced proprietary software systems aimed at strengthening digital distribution and data capabilities.
Kumar Taurani, chairman and managing director, credited Nair with embedding a data-led culture within the company and driving revenue growth in line with shareholder commitments.
In his resignation note, Nair said that after helping transition the label into a modern, digitally focused and process-driven organisation, the time had come to pursue his next leadership challenge.
The leadership change comes as the broader Tips Films group shows signs of financial stabilisation. In the third quarter of FY26 the company reported a net loss of Rs 2.86 crore, narrowing sharply from Rs 14.2 crore in the previous quarter. For the nine months ended December, losses stood at Rs 12.37 crore.
Yet revenue told a more volatile story. Income from operations slid to Rs 4 crore in Q3 FY26 from Rs 56 crore in the preceding quarter, taking total operating income to Rs 4.56 crore.
For a company built on a catalogue of more than 34,000 tracks and decades of Bollywood hits, the next chief will inherit both a digital engine and a volatile music market. The playlist may be familiar, but the next act at Tips Music is only just beginning.
