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What Jio’s rise past Tata tells us

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Gulf News
“What Jio’s rise past Tata tells us”

Jio’s shares ended their first trading week soaring nearly 28 per cent above their offer price, helping Reliance overtake Tata as India’s most valuable business group on the stock market. Jio itself became the country’s second-most valuable listed company, behind its parent, Reliance Industries. For Mukesh Ambani, that is a remarkable result a decade after Jio began commercial services in September 2016. Jio’s rise also says something about how large businesses earn their place in people’s…

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