/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Two decades after assuming control, he puts his eldest son in charge of the Reliance group’s telecoms arm.
Mukesh Ambani has flagged off the much-awaited succession plan within the Reliance empire. He has stepped down as director of the conglomerate’s telecoms arm, Reliance Jio Infocomm, and subsequently, the company’s board has appointed his son, Akash, 31, as chairman. The changes were made known in a communication to stock exchanges earlier today .
Though several family members are board members in group companies, this will be the first time since 2002 that someone other than Mukesh Ambani will be leading a group company. Ambani took charge of the Reliance group after the death of the founder chairman, Dhirubhai Ambani, …
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.
