The bad news is coming from the USA. a big brokerage house Bernstein has said that reliance jio would have lost a 15,000 Cr in the current fiscal year if the standard accounting followed. The company is showing subsidies expenses of jio handset in Reliance retail's accounts.
My personal viewpoint. I usually don't like to invest in companies of reliance group, Adani group etc. I internally feel these companies do unethical practices in their business.