Reliance Jio Needs Tariff Hikes, Financials Weak Say Analysts
Reliance Jio, the largest wireless operator in India needs tariff hikes as its financials are “weak,” analysts said. Jio Platforms, a subsidiary of Reliance Industries recorded Rs 3508 crore as consolidated net profit for the quarter ended March 31, 2021, translating to a 47.5% year-over-year (YoY) increase. The development was shared by Reliance Industries on Friday with the company also highlighting that Jio Platforms recorded Rs 18,278 crore as consolidated... Read More
