Reliance Jio's Q2 loss widens to â¹271 crore
Mukesh Ambani-led Reliance Industries (RIL) on Friday posted its telecom arm Jio's net loss at â¹271 crore for the July-September quarter, as against â¹21 crore in the previous quarter. Jio's total subscriber base rose to 138.6 million, with revenue at â¹6,147 crore. RIL's Joint CFO V Srikanth said that Jio's net income is expected to turn positive "very shortly".