Airtel, Idea lose ₹12,000 cr on Ambani's 45 min speech
The 45-minute speech of Mukesh Ambani, announcing the launch of Reliance Jio on Thursday morning, brought down the market value of two of India's biggest telecom giants, namely Airtel and Idea, by almost ₹12,000 crore. Reliance Jio will make calls free, and internet extremely cheap, Ambani had announced during the speech.\n