Quartz·1 min read·medium

Meta- and Google-backed Jio Platforms stock surges on debut, vaulting Reliance past Tata Group

Cris Tolomia
✦AI Summary

Jio Platforms, backed by Meta and Google, saw its stock surge on its market debut. This growth has propelled Reliance Group to a market valuation exceeding 30 trillion rupees.

Why it matters

The successful debut of Jio Platforms underscores the massive influence of Big Tech investment in the Indian telecommunications and digital services market.

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Reliance Group's market value passed 30 trillion rupees as…

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