Covid-19 has been a shot in the arm for Reliance, despite retail Ebitda of only $145 million in the June quarter, a 47 per cent drop from last year.
The concentration of economic power in aviation infrastructure is now symptomatic of a broader trend in India, particularly in businesses where the government supplies a key ingredient.
From entertainment, education and healthcare to 5G for self-driving cars, Jio hopes to collect tiny sums from roughly 400 million subscribers of its core wireless service.
The shock of the coronavirus lockdown on economic activity could leave several Indian lenders short of capital - just as Yes was in March.
Valuations are sliding, and if policy makers have a plan for rescuing this vital industry, they're keeping it close to their chests.
With the $28 billion he's raised working from home, India's richest man wants to step into the breach created by the technology cold war between America and China. The two Silicon Valley tech giants that gave him a third of the money will help put him there.
Time will be the next frontier in India's digital battlefield; dollars will follow the hours consumers spend online.
Prime Minister Narendra Modi wants all 1.3 billion Indians to be "vocal for local" - meaning, to not just use domestically made products but also to promote them.
Increasingly ubiquitous smartphones can bring vulnerable citizens the financial security that bank branches can't supply.
The squiggly line that joins the cost of money at different maturities - the yield curve - deserves just as much attention.
Petrochemicals czar Mukesh Ambani plans to list his fledgling digital business overseas, Bloomberg News reported Tuesday, citing people with knowledge of Jio Platforms Ltd.'s initial public offering, which is planned for the next 12 to 24 months.
How big is India's anti-viral package, and how effective will it be?
The gradual reopening of India's economy after a 43-day coronavirus lockdown has been marred by a hyper-centralization of decision-making. Deepening mistrust between New Delhi and the 28 states threatens to splinter the country's common market of 1.3 billion people, its biggest draw for investors.
Much of our pre-coronavirus lives may be reclaimable with some modifications around how we work, socialize and travel. In one crucial way, though, the post-pandemic landscape will be very different: The individual's autonomy over her data may be lost forever. Our mobiles will keep us safe - by spying on us.
When naming his telecom foray in 2016, Mukesh Ambani chose the mirror image of OIL, the commodity that has made him India's richest man. In hindsight, Jio was a good choice. The week that oil prices turned negative, the refining tycoon won a $5.7 billion investment from Facebook Inc. for his digital assets, Jio Platforms Ltd. Like his wordplay, the performance has pro...