Reliance Industries Ltd (RIL) chairman Mukesh Ambani Wednesday described his phone company as the world’s largest start-up, entailing an initial investment of Rs.1.5 trillion ($22.5 billion). The figure is far higher than the around Rs.85,000 crore RIL, in April last year, said it was investing in Reliance Jio Infocomm.
By Mobis Philipose
Vodafone investors have been recommending an exit from India.
Reliance Jio Infocomm Ltd (R-Jio) has started testing its mobile wallet service Jio Money Merchant meant for professional service providers such as small and large businessmen, traders, tutors and shopkeepers. The service, which is available for downloads on Android phones (not available on iOS devices yet) from the company’s app… Read more »
The launch of high-speed 4G data services is set to become the next high-stakes battleground for telecom companies, and media buyers are expecting operators such as Bharti Airtel Ltd, Vodafone India Ltd and Reliance Jio Infocomm Ltd (R-Jio) to spend millions of dollars on advertising over the next few months… Read more »