We are not going to lose money: Ambani on Jio
Following the launch of Reliance Jio, Chairman Mukesh Ambani has assured investors, "[W]e are not going to lose money", adding that the telecom unit will generate "healthy returns" on capital. Despite the ₹2.5 lakh crore investment and Jio's free voice and data offerings, return could be around 18-19%, India's richest man stated. Jio's services were officially launched on September 5.