For everyoneโs information, Airtel made a net profit of โน33,000 crores, and Jio made a net profit of โน30,000 crores after taxes last year.
The return on capital employed for both Jio and Airtel is above 14%, which is extraordinary for companies of their size.
Thereโs absolutely zero excuse for increasing prices, except that there is a duopoly, and they can freely extract more money from Indians with virtually no restrictions.
@Arun_vish This century has changed everyone's perspective relating to buying a real estate asset. Definitely it's gonna RESET but it will take some time.
@cbe_sam Your wife is really a blessing to you related to finance matters. This is a real jackpot in today's social media world very few can understand.