Jio Financial plans to digitally deliver a range of products in the non-banking financial consumer market in India
Jio Financial Services and BlackRock signed an agreement to form Jio BlackRock, an equal joint venture
The 5G services will be rolled out in the four metro cities of Delhi, Mumbai, Kolkata and Chennai by October
Gautam Adani had overtaken Mukesh Ambani as Asia’s richest man a few months earlier
Mukesh will continue to be the chairman of Jio Platforms Ltd, the flagship company that owns all Jio digital services brands
Reliance Retail runs supermarkets, India’s largest consumer electronics chain, a cash-and-carry wholesaler, fast-fashion outlets and an online grocery store called JioMart
A deal with Reliance would help the world’s biggest crude exporter join the ranks of the top oil refiners and chemical makers
Little more than $1 trillion of deals have been announced this year, making for the slowest first half since 2012
Facebook invested $5.7bn in Jio in April for a roughly 10 per cent stake
In August, Reliance valued its oil-to-chemicals division at $75bn including debt, implying a $15bn valuation for a 20 per cent stake