iWorld
RIL likely to infuse Rs 20,000 cr in Reliance Jio
MUMBAI: Mukesh Ambani-led Reliance Industries Ltd (RIL) is likely to infuse Rs 20,000 crore in Reliance Jio to boost its broadband and 5G services. As per a Mint report, Reliance Jio will issue 4 billion non-cumulative optionally convertible preference shares to its parent at Rs 50 each for cash.
“The capital would be used to expand operations of Reliance Jio. The non-cumulative optionally convertible preference shares carry an interest rate of 9 per cent," Mint report said citing a source. Jio has built a subscriber base of 306.7 million in a very short span of time.
An analyst at a domestic brokerage said that capital requirement for the telecom sector will stay high due to the constant infrastructure upgradation and the proposed 5G expansion. He added that Jio is now focused on reaching out to the country’s underserved homes and enterprise connectivity market.
RIL has an outstanding debt of more than Rs 2.87 trillion as of 31 March which increased by Rs 69,000 crore during the year due to investments in Jio. The telco giant has decided to transfer its fibre and tower arms to two infrastructure investment trusts (InvITs) – Digital Fibre Infrastructure Trust and Tower Infrastructure Trust to cure debt.
“In our view, the InvIT has effectively allowed RIL to replace ₹710 billion of external debt with very-long-term (20-year) money and thereby remove any refinancing need on this amount of debt. It also gives more balance sheet flexibility and allows RIL to further increase spending across its consumer business if it chooses to do so,” said an earlier JPMorgan report as quoted by Mint.
iWorld
Bullet microdrama app crosses 10 million downloads on Play Store
Top shows clock millions of views as platform expands across 7 languages
MUMBAI: Short, sharp and shooting ahead, Bullet microdrama app is proving that in the age of shrinking attention spans, brevity isn’t just the soul of wit, it’s the engine of growth. The platform has crossed 10 million downloads on the Google Play Store, marking a significant milestone as microdramas carve out a firm space in India’s fast-evolving digital entertainment ecosystem. The surge reflects a growing appetite for snackable, high-impact storytelling, with Bullet leaning heavily into quick, engaging narratives that resonate across diverse audiences.
The traction is visible not just in downloads but in content performance. Among its top titles, Rickshaw Romeo leads the pack with 9.1 million views, followed by Auto Raja at 3.4 million, Laxmi Raj at 2.6 million, Lady Boss, With Love at 2.2 million, and Dear Didimoni at 1.9 million. The numbers point to a platform steadily building repeat engagement rather than one-hit virality.
Beyond the app, Bullet’s digital footprint is also expanding. The platform has crossed 100,000 followers on Instagram, signalling a growing community that extends beyond passive viewing into active content discovery and sharing.
A key differentiator lies in its linguistic spread. With content available across 7 Indian languages, Bullet is positioning itself as one of the more inclusive players in the microdrama space, tapping into regional storytelling to drive scale and relevance simultaneously.
The milestone comes at a time when short-format storytelling is gaining serious momentum, with platforms experimenting to balance volume, novelty and retention. Bullet’s early traction suggests that audiences are not just scrolling, they’re sticking around, one bite-sized episode at a time.
