Indian telcos depend a lot on wireless revenue, but this distorted revenue pie can be corrected, thanks to the circumstances created due to COVID-19 and popularity of fixed broadband

The sovereign fund is in advance talks with Mukesh Ambani-led Reliance Industries Ltd (RIL) to invest the amount in an infrastructure investment trust (InvIT) called Jio Digital Fiber Pvt Ltd that holds the company's fibre-optic assets

Reliance Industries Chairman Mukesh Ambani noted that Jio's success in building technology specifically for India and its ability to proliferate across the country has attracted global technology leaders - Facebook and Microsoft - to forge partnerships with it

The value of this inventory at Rs 9.38 lakh crore is more than the gross state domestic product (GSDP) of most states including Kerala, Haryana, Madhya Pradesh, Andhra Pradesh, and is almost double the GSDP of Bihar

Three years down the line, resolution professionals have been able to dissolve just 11 companies until June under the Insolvency and Bankruptcy Code

The company will use proceeds from Saudi Aramco, Brookfield and BP Plc deals to pay off debt

Saudi Aramco and BP investing in the company, Jio expanding its scope, and the group moving towards a zero net debt future were some of the highlights of Mukesh Ambani's AGM speech

RIL has built a unique portfolio extremely valuable assets in the world's fastest growing economy, says Mukesh Ambani; each of our businesses is contributing to the transformation of India, adds Ambani

RIL Chairman Mukesh Ambani announced the launch of free of cost JioPhone with a refundable Rs 1,500 security deposit.

Growing financial troubles and declining investor trust has pushed Reliance Communications into a corner. However, losses incurred by the telecom arm of Reliance Group have been mitigated by other businesses of the conglomerate.