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Indian consumers are inspired by icons, billion-dollar investments, price wars and discounts. They are in awe of the superlative ways in which businessmen are able to offer freebies to capture market share. Reliance Jio is here, and like all things from the Ambanis it was launched with much fanfare. The total investment is pegged at Rs 70,000 crore and Reliance Industries made use of the fanfare to launch a Rs 5,000-crore startup fund.
“I see a 35-percent impact on their P&Ls this year,” says Sanchit Vir Gogia, Chief Analyst and CEO of Greyhound Research.
Source: Your Story | TechGig |
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