Just the threat that Adani might eventually come after the $2-per-month customer could see capital-starved Vodafone Idea buckle, in which case he could swoop in on it later
Billionaire Gautam Adani-led Adani Data Networks, Reliance Jio, Bharti Airtel and Vodafone Idea have applied to participate in the upcoming 5G auction
Airtel stock fell over 5%, while RIL closed 1.3% higher after being down for most of the day
The telecom department's upcoming auction includes the coveted 5G band needed for high-speed internet connectivity
If the Adani group participates in the 5G auction on July 26, it will be the first direct competition with Ambani
Like Reliance, reins of TVS, Godrej and Emami are passing on to the next gen, unlike the west where ownership and management are separated. Why Indian firms are not keeping the two roles separate?
Trial with Ericsson to start in a few days, marking a change in Jio's earlier tie-up with Samsung
Reliance Jio, of which he took charge as chairman, is full of potential that is his to maximise
The combined m-cap of the six Adani Group companies is up 39 per cent year-to-date to Rs 13.38 trillion on Thursday
Succession planning in India Inc remains a clannish exercise
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Ambani's first-born, Akash, 30, will succeed him as chairman at India's No.1 wireless carrier Reliance Jio Infocomm Ltd
Succession plan triggered upgrades from brokerages
From rotating chairmanship to handing over firm to professionals, top family businesses have tried different formulae to ensure smooth transition
Mukesh Ambani steps down as part of succession plan, to oversee digital business through Jio Platforms
The 30-year-old Brown University graduate and the elder son of Mukesh Ambani will now lead from the front at Reliance Jio as chairman
The announcement outlines a clear transfer of wealth by the 65-yr-old tycoon, who was embroiled in a bitter inheritance dispute with his younger brother after their father died in 2002 without a will
In addition to the storage space of 20 GB available at present, Reliance Jio users can now have extra 10 GB space on DigiBoxx by signing up through the JioPhotos app
"As part of this partnership, Nexus malls will be installed with 24x7 charging infrastructure for two and four-wheeler EVs," Jio-bp said in a statement.
With organic cash flow, ongoing rights issue, strategic stake sale, improved market structure in India wireless, and easier 5G spectrum payment terms, Bharti remains well-placed to compete with R-Jio