New Delhi: Billionaire Mukesh Ambani-led Reliance Industries has no plans to launch an app-based taxi service as the company sees no logic in diversifying into unrelated sectors.
It has been speculated for months that Reliance Jio, the company's telecom venture that has created ripples by signing up 100 million customers in just 170 days of launch, will soon launch a taxi service.
The company had not commented on the speculations so far but took to Twitter to deny the foray after an online publication stated that Jio has ordered some 600 cars to "kickstart" the service.
A Reliance spokesperson tweeted that the report is "WRONG and DENIED".
The company has no plans to get into unrelated diversification, another official explained.
Reliance Jio had earlier this week announced a strategic partnership with Uber to allow users of the app-based taxi aggregator to pay for their rides through Jio's prepaid wallet.
Enabling commuters to pay for their rides through JioMoney is as far as the company intends to go, the official added.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
It has been speculated for months that Reliance Jio, the company's telecom venture that has created ripples by signing up 100 million customers in just 170 days of launch, will soon launch a taxi service.
The company had not commented on the speculations so far but took to Twitter to deny the foray after an online publication stated that Jio has ordered some 600 cars to "kickstart" the service.
The company has no plans to get into unrelated diversification, another official explained.
Advertisement
Enabling commuters to pay for their rides through JioMoney is as far as the company intends to go, the official added.
Advertisement
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
COMMENTS
Advertisement
Gautam Adani Attends Anant Ambani-Radhika Merchant Wedding In Mumbai In 3-Way Race For World's Richest, A Vote Pushes Elon Musk Back To #1 Gautam Adani, Mukesh Ambani, SRK, Rajinikanth, Akshay Kumar At PM's Oath Event World's Largest Isolated Tribe Makes Rare Appearance In New Footage Barack Obama Wants Joe Biden To Pull Out Of US Presidential Race: Report Relationship Timeline Of Hardik Pandya, Wife Who "Parted Ways": 5 Facts NEET PG 2024: Test Cities Out For Postgraduate Medical Entrance Exam Mortar Shells From 1971 Indo-Pak War Found Buried In Tripura "Humanitarian Crisis Due To Israel-Hamas Conflict Concerning": India At UN Track Latest News Live on NDTV.com and get news updates from India and around the world.