Airtel loses â¹4,500 crore in valuation in one day due to Jio
The market capitalisation of telecom major Bharti Airtel fell by nearly $700 million (â¹4,500 crore) on Monday, after its shares fell by over 3% in intraday trade. This comes after Mukesh Ambani-led Reliance Jio started charging for its services from April 1. Further, shares of Idea also fell down, while Reliance added as much as $2.3 billion on Monday.