Jio Platforms investors will make less in its IPO than in an index fund
Big names, numbers, and narratives don’t equal big returns
Big names, numbers, and narratives don’t equal big returns
Pepsi and Coca-Cola had been the undisputed kings in India's aerated-drinks market. Until Reliance-backed Campa Cola re-entered with its palm-sized bottles at half the price
Shrinking budgets, fewer projects, and a fixation on bankable “stars” over innovative stories—the new reality of Netflix, Amazon Prime, and other OTT platforms
It is so sprawling that every listed Indian retailer is a rival. Even when none of them has a fraction of its complexity
To kickstart its business, the US$27-billion financial arm of Mukesh Ambani-led Reliance has devised a unique experiment that involves two of its siblings
A US$11.5 billion spectrum auction in May is looming. The telcos, having already spent US$15 billion, are struggling to see profits. And the expected 5G-driven B2B boom remains elusive
Sajjan Jindal-owned JSW Sports’ varied bets—from cricket to athletics to kabaddi—are paying off, for now
With an investment of over US$14 billion, the company is expected to replicate the disruption Reliance brought to the telecom industry. And it's putting together a crack team
The company’s cancellation of shares held by minority investors shows why the unlisted market is not for the faint of heart
Showing off its financial-engineering chops, Reliance shifts a ~$12 billion investment to the fledgling financial-services business while also ring-fencing it from a looming regulatory threat
Now in talks with Indian government-owned oil and gas producer BPCL to become its primary channel of communication, WhatsApp Business has come the closest to replacing text messages for good
India has birthed at least 19 teleconsultation companies in the last five years. But finding quality medical professionals who also have an affinity for technology is proving to be a major stumbling block
Despite 170 startups passing through its doors over the last eight years, Reliance’s startup accelerator doesn’t have many success stories to boast of. While a few have gone on to become vendors for Reliance’s businesses, some have snubbed acquisition overtures from India’s largest conglomerate, and others have been acquired by rivals
With its valuation pegged as high as US$125bn, Reliance’s retail and e-commerce business is worth a lot more than its oil or digital vertical. And this is despite its financials not always inspiring confidence
Rising investor pressure, tightening regulations, and changing consumer behaviour have driven corporations to ramp up the hiring of sustainability executives. But there is one problem: there aren’t enough of them
Borosil has been India’s only solar glass maker for over a decade. The country’s sustainability goals have led manufacturers, both big and small, to join the solar glass race, but they’ll have to get past Borosil’s expertise, experience, and near monopoly over the market first
With its $770 mn acquisition of Norway’s REC Solar, Reliance Industries is betting on next-gen solar tech to move in lockstep with Chinese solar majors. And scale can’t guarantee the disruption it’s after
The Mukesh Ambani-led conglomerate has built up a small army of healthcare offerings with a view to creating an integrated healthcare play. Putting all these pieces together, however, is proving difficult even for a behemoth like Reliance
India’s largest conglomerate Reliance Industries already owns an Indian Premier League franchise and operates the country’s top football league. Its next goal is to get into the lucrative Indian sports broadcast industry, which will reportedly be worth $1.3 billion by 2024. Indian cricket rights—the IPL in particular—are high on the agenda
After emerging out of nowhere and becoming number one in the world’s most competitive telecom market, Reliance Jio is in a bit of a tight spot
Large Indian conglomerates such as Mahindra, Tata, and Godrej are increasingly reporting their carbon footprints. But they’re barely a drop in the ocean. Some of India’s most prominent companies are holding back, while the quality of the disclosures leave a lot to be desired
After being caught unprepared for a lethal second wave, India has ramped up its oxygen production and sought foreign help. Fundamental problems with India’s oxygen supply chain, however, could keep India’s oxygen tanks empty
With its footprint across cricket, football, and athletics, Reliance Industries’ influence in Indian sports is unrivalled. But what does this mean for the future of these sports?
The announcement that Jio Platforms will anchor Kalaari’s new fund is an oddity. Jio is too big and powerful to really need Kalaari, and the latter is well past its prime. What explains the odd marriage?
After soaring high on the wings of its $27 billion fundraising blitz through most of 2020, Reliance Industries’ stock has slumped since September. Its results, announced on Friday, saw the stock lose a further 5%. Its Covid-hit oil-to-chemicals business is part of the reason, but hidden metrics, a lack of visible direction, and inflated claims are equally to blame
Over 65% of the oil-to-telecom-to-retail firm’s revenue still comes from its crude refining and petrochemicals business. Reliance is turning to clean energy to have a shot at the future, but it won’t be an easy transition
Reliance Retail now has the bargaining power to challenge India's biggest FMCG firms—HUL, ITC, Nestle—on both margins and market share. FMCG firms won't give in quietly, but RIL's dominance over both the organised and unorganised grocery retail sectors will make it a difficult map to navigate
India is witnessing the emergence of a few “super corporations” that dominate across sectors, both on their own and in partnership with each other. This does not bode well for their current or potential competitors
Reliance Jio is restructuring its spider web of companies to put Jio Fiber in the living rooms of 50 million homes. Armed with revamped tariff plans and a combined TV+OTT offering, it’s looking to conquer both broadband and television
A year ago it didn’t exist. Today it’s worth $65 billion. In 2 years, $103 billion. Can it deliver the cash flows?
There’s a reason Microsoft, Google, Facebook, and a host of PE investors lined up to invest billions in Jio Platforms. With a finger in every online pie, the company and its digital ecosystem could change India’s online space forever
From e-commerce players to electric mobility startups, everyone wants to partner with India’s 12 million-plus mom-and-pop stores. But does the reverse necessarily hold true?
Reliance Jio wanted to upend the broadband space the same way it changed the telecom game. Its old tricks, however, haven’t yielded similar success, leaving its sales teams struggling to meet internal targets
In a space where multi-tenancy is critical but increasingly difficult to manage, asset management giant Brookfield must convince Reliance Jio’s rivals to come to the telecom tower table
Last-mile delivery costs comprise 40-60% of the average cost per delivery per order. But logistics company Shadowfax, which has received a Flipkart-led funding round of $60 million, claims it is able to cut costs by 25% by tying up with kirana stores
Tariff hikes were a lifeline for telcos Airtel and Vodafone Idea. For Mukesh Ambani-owned Jio, though, it’s a ticket to a successful public listing
Trai wanted to protect TV viewers from high DTH and cable TV bills. What it did instead was empower big broadcasters and OTT players
Telcos are hiving off their fibre assets, seeking billions of dollars in investment but unless they share fibre with each other, it’ll remain sunk cost. As Jio’s GigaFiber kicks off today, it’s time to look at how big a competitive advantage is fibre and how long it will remain so
It’s currently the largest retailer. And the second largest telecom company. But Reliance is just getting started. It’s now eyeing omnichannel dominance. And it’s hoping M-PoS will help it get there. That’s the image.
It is all in the family. But since it’s for communication, this time, the Ambanis have opened up a two-way channel