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A Reliance employee demonstrates Jio LYF phone at their headquarters on the outskirts of Mumbai, India, June 1, 2016. REUTERS/Clara Ferreira Marques/File Photo

RIL lifts Jio investment over $30 bln after record year

Reliance Industries plans to spend a further $2.8 billion on its Jio telecoms business in the current quarter, it said on Monday, taking its investment in the venture to more than $30 billion.

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