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From big oil to big data: Inside Mukesh Ambani's $20 billion start-up

Ambitious Jio project could make Reliance the most comprehensive provider of telecom & internet services across India

Reuters  |  Mumbai 

At the vast open-plan headquarters of Indian telecoms start-up Jio, billionaire oil tycoon Mukesh Ambani stands in short sleeves beneath a digital tracker that logs every new subscriber to his service. The 59-year-old is India's richest man, and his Reliance Industries oil & gas group is the country's most profitable. Now, though, he's betting at least $20 billion on building, from scratch, a national digital empire stretching from phones and hardware to home entertainment and custom-made apps. The ambitious Jio project could make Reliance the most comprehensive ...

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First Published: Wed, August 31 2016. 15:21 IST