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Jio Financial Services Ltd. is an Indian financial services company, based in Mumbai, India that was originally a subsidiary of Reliance Industries (RIL). It became an independent entity and was listed on the Indian stock exchanges in August 2023. [ 1 ]
Jio Platforms Limited is an Indian multinational technology company, headquartered in Mumbai. It is a subsidiary of Reliance Industries . Established in 2019, it acts as a holding company for India's largest mobile network operator , Jio , and other digital businesses of Reliance.
Reliance Jio has introduced a budget-friendly 4G phone called Jio Bharat at an affordable price of ₹999. The phone's sales commenced on 7 July 2023, and Reliance Jio aims to eliminate 2G technology from India through the widespread adoption of this device.
The share prices [110] of RIL were impacted by some margin when this news broke out. In 2005, after a bitter public feud between the brothers over the control of the Reliance empire, mother Kokilaben intervened to broker a deal splitting the RIL group business into two parts. [ 111 ]
Over the past decade, the Indian cellular services market has seen rapid consolidation. The launch of Jio Platforms in 2016 changed the market dynamics substantially as the company offered free data and voice services during its first year of operations, prompting a fierce price war in the market. Jio managed to garner over 8 crore (80 million ...
Reliance Communications Limited (RCOM) was an Indian mobile network provider headquartered in Navi Mumbai, Maharashtra that offered voice and 2G and 3G and 4G data services. . In February 2019, the company filed for bankruptcy as it was unable to sell assets to repay its debt
Jio Payments Bank Limited is a 77:23 partnership between Reliance Industries and the State Bank of India. [1] On November 10, 2016, it registered as a public limited company to set up a payments bank. On April 3, 2018, Jio Payments Bank became the sixth payment bank to commence operations in India. [2]
Currently there are more than 8,600 Reliance Digital and 1,800 My Jio stores in around 800 cities in India in addition to an online presence. [5] [6] The stores are spread across the states of Andhra Pradesh, Delhi, Uttar Pradesh, Gujarat, Karnataka, Kerala, Maharashtra, Tamil Nadu, West Bengal, Telangana, Orissa, Assam, Bihar, and Jharkhand ...