India's Reliance Jio Could Lose $2.1 Billion This Fiscal Year: Bernstein
A pedestrian using a smartphone walks past advertising and signage for Reliance Jio Infocomm Ltd. at the Nehru Place IT Market in New Delhi. (Photographer: Sanjit Das/Bloomberg)

India's Reliance Jio Could Lose $2.1 Billion This Fiscal Year: Bernstein

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(Bloomberg) -- Reliance Jio Infocomm Ltd., India’s most profitable wireless carrier, could lose as much as 150 billion rupees ($2.1 billion) this fiscal year when costs such as handset subsidies ar...
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