Jio's Stock Market Listing Could Make Reliance India's Top Business Group
Listen to the story
Reliance Industries is a big company in India. It owns a phone company called Jio. Jio is now selling shares to the public. This is called an IPO. Many big investors from around the world want to buy Jio shares.
If Jio's listing goes well, Reliance could become the most valuable business group in India. Right now, Tata is the top group. Tata owns many companies, like cars and steel businesses.
Isha Ambani is a leader at Reliance. She talked about how Jio started. She said a failed try to upload a school assignment gave the idea for Jio. The idea was to make the internet fast and easy for everyone in India.
Jio has grown very big since it started. Many people in India now use Jio for their phones and internet. The listing of Jio is an important event for Indian business.
Vocabulary8 words
- IPO
- when a company sells shares to the public for the first time
- investors
- people or companies that put money into a business to make more money
- listing
- when a company's shares start trading on a stock market
- valuable
- worth a lot of money
- business group
- a large company that owns many smaller companies
- genesis
- the beginning or start of something
- assignment
- school work that a student must finish
- shares
- small parts of a company that people can buy
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Quiz
Answer key
1. Selling shares to the public for the first time 2. Tata 3. True
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Reliance Industries is a big company in _____. It owns a phone company called Jio. Jio is now selling _____ to the public. This is called an _____. Many big _____ from around the world want to buy Jio shares.
If Jio's _____ goes well, Reliance could become the most _____ business group in India. Right now, _____ is the top group. Tata owns many companies, like cars and steel businesses.
Isha Ambani is a leader at Reliance. She talked about how Jio started. She said a failed try to upload a school _____ gave the idea for Jio. The idea was to make the internet fast and easy for everyone in India.
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