Early discussions going on related to sale of 20% stake sale in Oils & Chemicals business of Reliance Industries to Saudi Aramco keeping company valuation of Oils and Chemicals business wing valuation at 75 billion USD.
Apart from that Reliance Industries tied up with Microsoft Azure cloud. Reliance Industries will setup data centers across India. Technology wise Reliance Industries has strong hold in all India majorly speaking languages. Market feels Reliance Industries tie up with Microsoft Azure is a threat to Amazon Web Services whose prices are bit high and also Google Cloud computing. Main reason why it is threat to Amazon Web Services and Google, is Mukesh Ambani is aggressive in business expansion and catch the user base with competitive prices and business strategy. Even the history of Reliance Jio expansion and Reliance Gigafiber expansion reveals the Mukesh Ambani capability stories related to business expansion. Now Reliance Industries which is India's number 1 company backed by Microsoft which is world number 1 company. So definitely their relationship is a threat to AWS and Google Cloud in India.
Reliance Jio had reached subscriber base of 340 millions. Even Reliance Jio Gigafiber users base is also expanding which is related to broadband internet services.
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