[What The Financials] Reliance Jio Profits, ARPU Up In Q2 Amid Steady User Growth
India, Nov. 17 -- While coronavirus has changed life in a negative way for many this year, 2020 has definitely been a great year for Mukesh Ambani-led Reliance and Reliance Jio. Besides turning net-debt free, Reliance is also one of the most valuable Indian companies today. The growth had been spurred by Reliance's digital business Jio Platform, which raised INR 1.52 Lakh Cr ($20 Bn) from marquee investors like Google, Facebook, Qualcomm and several Middle Eastern sovereign funds in just three months.
Beyond the investment, Jio Platforms has been basking in the glory of a massive spike in the user base of its growing network of digital apps. One of the biggest businesses in Reliance's digital gig is its telecom unit Reliance Jio Infocomm...
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