Reliance Jio could lose Dh7.7b this fiscal year

Mumbai: Reliance Jio Infocomm Ltd, India’s most profitable wireless carrier, could lose as much as Rs150 billion (Dh7.70 billion) this fiscal year when costs such as handset subsidies are included, according to analysts at Sanford C. Bernstein & Co. That would be a bigger deficit than those of its larger Indian rivals Bharti Airtel Ltd. […]