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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The absence of clarity on the new company’s areas of operation and strategies, going into an unfamiliar and highly competitive space, has left investors confused.
Mukesh Ambani is widely regarded as one of the shrewdest business minds in India. He understands that businesses need to be built, prove their sustainability and then have their value unlocked. This has been the playbook of Reliance Industries for decades. Except in the case of his latest venture—Jio Financial Services—which comes across as a case of the tail wagging the dog.
Jio Financial Services listed on stock exchanges late last month even though it wasn’t clear what business it would carry out, how it would operate and whether it would be any different to the other financial services companies. …
Instead of going after scale like Jio, the Sunil Bharti Mittal-led telecom giant is chasing a smaller but higher-quality customer base to grow its home broadband segment. Will the bet pay off?
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
