Big win for Mukesh Ambani, Fortune ranks Reliance Jio as No. 1 in Change the World list

Aug 21, 2018, 19:11 PM IST
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Energy to telecom conglomerate Reliance Industries chief, India's richest man, Mukesh Ambani has just received a massive pat on the back, courtesy his newest venture, telco Reliance Jio.

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Reliance Jio been ranked as the top company globally on Fortune's 'Change The World' list. Companies have been ranked using the profit motive to help the planet and tackle social problems. Fortune said the Change the World list recognizes companies that have had a positive social impact through activities that are part of their core business strategy. Image source: Reuters

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The reason why Reliance Jio was ranked number one was, according to Fortune, "If access to the Internet is a basic human right -- and the United Nations declared it one in the summer of 2016 -- then Reliance Jio deserves more credit than most for expanding access to it." Image source: Reuters

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Notably, Jio entered the telecom sector and famously offered free calls and data forcing rivals to merge or exit in September 2016 after fielding massive losses. RJio has amassed 215 million subscribers since then. What is even more significant, Jio says it is profitable. Image source: Reuters

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Notably, Jio entered the telecom sector and famously offered free calls and data forcing rivals to merge or exit in September 2016 after fielding massive losses. RJio has amassed 215 million subscribers since then. What is even more significant, Jio says it is profitable. Image source: official website

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The gainers, Fortune said, are those in rural areas or of modest means -- farmers, students, and entrepreneurs who finally have in their hands the tool they need to participate in the modern economy. Image source: IANS

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Notably, Jio beat pharma giant Merck, which came in 2nd. Image source: Reuters

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The biggest player in, the market in “green bonds,” Bank of America came in third. Image source: Reuters

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Inditex, retailer and parent of fast fashion chain Zara, came in 4th. Image source: Reuters

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China's Alibaba is ranked 5th on the list. Image source: Reuters

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Food and drug stores Kroger is at number 6th. Image source: Reuters

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Xylem, which has a stated mission to “solve water”, came in 7th. Image source: official facebook page

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Industrial machinery firm ABB has been ranked at number 8. Image source:  abb.com

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Obesity fighter Weight Watchers International, which emphasises gradual, sustainable changes in eating and exercise habits is at 9th. Image source: Reuters

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Network and communications giant Hughes Network System is at number 10. Image source: hughesnet.com

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