Monday, August 31, 2015

RCOM surges 5%. IoT businesses in focus


RCOM share price surged more than 5% today after it announced partnership with Silicon Valley-based Jasper to deliver Next-Generation IoT (Internet of Things) services across India.

On NSE the stock opened at Rs. 55.40 and surged Rs. 6.51 per cent to reach its intra-day high of Rs. 58.05.  The tie-up would provide solutions to the upcoming smart cities, making electricity distribution grids smarter for public safety and on the healthcare front.


In a regulatory filing, the company announced its partnership with Jasper to enable enterprises throughout India to launch, manage and monetize Next-Generation IoT businesses.

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