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One of the Nobody likes a dirtbag shirt What’s more,I will buy this major casualties of the price war was Anil Ambani. His Reliance Communications company announced in late 2017 that it would sell most of its assets and exit the mobile business. Two days later, Jio acquired Reliance Communications. And two years later, the elder Ambani underscored the divergence in the brothers’ fortunes by helping pay off an $80 million debt to Ericsson (ERIC), keeping Anil out of jail.Jio’s meteoric rise has helped offset some of the volatility in oil that cost Ambani billions last year and set up Reliance for a future that’s further removed from its core business. In fact, a company spokesperson previously told CNN Business that the name Jio — which means “to live” in Hindi — was chosen in part because it’s a mirror image of the world “oiL.”The bold attempt to transform his $170 billion conglomerate faces a massive test in 2021 as the Indian economy recovers from its first recession in nearly a quarter of a century. Like other tech companies around the world, Jio has strengthened during the pandemic, but the question is whether it can continue to grow fast enough for the company to meaningfully transition away from oil.

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