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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.
Ahead of its IPO, the mobile telephony leader is down to playing catch-up with Airtel. What should investors expect?
Reliance Jio Infocomm Ltd is reportedly looking to hit the bourses this year with an eye-popping Rs 40,000 crore offering at a valuation of Rs 10 lakh crore. This would make it one of India’s largest initial public offerings.
Listing the telecom business is crucial for Mukesh Ambani, India’s richest man and Reliance Industries chairman and managing director. Were this business to list at this valuation, it would underscore Ambani's business acumen. Jio, after all, is his first idea for which Ambani will seek investors’ confidence.
An objective analysis of the business as it stands today suggests this is going …
