New Delhi, July 1 -- The brand Jio has come to be associated with aggressive pricing that disrupts industries. Jio's disruption of the telecom industry resulted in prices so low that data plans have now become ubiquitous. Now, users are staying subscribed despite price hikes, which goes to show the power of the internet. However, primary as a result of Jio's disruption, India's telecom industry has turned into a near-duopoly, with smaller players either succumbing or struggling to survive.

In the financial services industry, Jio BlackRock, a 50:50 joint venture between Jio Financial Services and BlackRock Inc of the US, recently received regulatory approvals for its asset management company as well as stockbroking and advisory businesses...