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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
With rumours around the Reliance chairman’s health and prolonged absence refusing to die down, a succession plan that involves wife Nita playing a key role is expected to unfold.
Editor's note: A nursery school in Mumbai’s Malabar Hill received a fresh coat of paint as part of a spruce-up late last year. It would have been a regular affair except all the work was ostensibly sponsored by the Mukesh Ambani family. Its newest member, grandson Prithvi, had enrolled in the school. But the child hasn’t been attending school since it reopened in June. Cut to the main block of the Reliance Jio headquarters on the Thane-Belapur road, which was cordoned off and employees working in it moved to other offices so it could exclusively be used by the top management. The building hasn’t seen a visit by either Ambani’s son Akash or daughter Isha in a while. That’s because the family is at their 300-acre property near London, where Mukesh Ambani is spending a lot of time these days. While Ambani did make a public appearance in Mumbai in June, when he attended a public dance performance by his soon-to-be daughter-in-law at the Jio Convention Centre in Bandra Kurla Complex and was seen carrying Prithvi, he flew back to London soon …
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
Reliance Consumer Products is relying on aggressive pricing in the hope that its staples brand will become a household name. But such tactics can go only so far.
Mukesh Ambani wants investors to price Reliance Industries’ IPO-bound telecom arm like a technology business. In reality, Jio’s tech ambitions remain a work in progress.
