Reliance Jio IPO

Another key reason for the recent stock surge, according to analysts at Jefferies, is the hope that the government may withdraw export duties on diesel and aviation fuel

Mukesh Ambani steps down as part of succession plan, to oversee digital business through Jio Platforms

The 30-year-old Brown University graduate and the elder son of Mukesh Ambani will now lead from the front at Reliance Jio as chairman

Jio is targeting to improve its financial performance before any share sale, the people said, asking not to be identified

The telecom services provider Jio, part of the Reliance Industries group, is aiming to improve its financial performance