Mukesh Ambani has stepped down as the Director of Reliance Jio - the Digital vertical of Reliance Industries. His elder son, Akash Ambani, has been named the new Chairman of Reliance Jio.
Today, Shares of telecom operators were little changed in early trade after the Mukesh Ambani -led Reliance Jio Infocomm launched its much-awaited 4G service on yesterday, setting the stage for intense competition in the burgeoning $50 billion local telecom industry.