A rise in tariff levels has become almost a certainty after Reliance Jio reported flat average revenue per user for two consecutive quarters, say analysts.
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Mukesh Ambani entered into a 50:50 joint venture with BlackRock last year with Rs 1200 crore investment from each to enter the asset management business in India.
Mukesh Ambani said that Reliance Industries had capitalised Jio Financial Services with a net worth of Rs 1,20,000 crore to create one of the world's highest capitalised financial service platforms on inception.