RIL has boasted its oil business as the crown jewel, but the financial figures of its data operations, led by the Jio brand, are symbolic of the changing dynamics of India's bellwether company.
The oil-to-telecom conglomerate is trying its best to deal with the second wave of Covid-19-induced disruptions in its retail operations. But it will be difficult for Reliance Retail to escape unhurt.
The Indian retail industry witnessed heightened activity this year. Seated at the high table are Reliance Industries, Walmart-owned Flipkart, Jeff Bezos’ Amazon, and the Tata group. Game on, then.
