Why is Jio attracting investors?

Social distancing has meant increased usage of technology and digital solutions, which is driving investors towards tech companies. RIL has tapped into this heightened interest for technology investments by positioning Jio as a digital platform company.

Why does everyone invest in Jio?

Jio Platforms is no ordinary company. First, it’s a part of RIL, the largest company in India. Second, Jio is the market leader and making profits. It makes abundant business sense to invest in Jio and make profits before the company gets listed on the stock market a few years from now.

Why is Reliance successful?

While the RIL does have stakes in energy, petrochemicals, textiles, natural resources, retail, and telecommunications that come under the ambit of its own brand name in different branch-offs like Reliance Trends, Reliance Digital and so on, a lot of its success is attributed to the heavy absorption of other businesses …

Why are Facebook and Google investing in Jio?

Primarily, Google hoped to use its investment in Jio to bring smartphones to more users in India, and it hopes that through this partnership with Jio, which reportedly has about 400 million users, will help its efforts.

When did Jio become successful?

Jio soft launched on 27 December 2015 with a beta for partners and employees, and became publicly available on 5 September 2016. It is the largest mobile network operator in India and the third largest mobile network operator in the world with over 42.62 crore (426.2 million) subscribers.

What is the main source of income of Reliance?

Reliance is responsible for almost 5\% of the government of India’s total revenues from customs and excise duty. It is also the highest income tax payer in the private sector in India….Reliance Industries.

Who are the competitors of Reliance?

Competitors Analysis of Reliance

• Oil and Natural Gas Corporation (ONGC)
• Indian Oil Corporation Limited (IOCL)
• Bharat Petroleum Corporation Limited (BPCL)