Traffic travels past a billboard for Reliance Jio Infocomm Ltd. in the Bandra area of Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Reliance JioGigaFiber Threatens Broadband Disruption in India

(Bloomberg) -- Stocks of Indian broadband and cable television service providers tumbled after Reliance Industries Ltd. Chairman Mukesh Ambani announced plans to launch fiber-based broadband servic...