Reliance Jio's postpaid plans turn up the heat on Airtel and Voda Idea

The stocks of Bharti Airtel (Airtel) and Vodafone Idea (Vi) shed 8-10 percent each after Reliance Jio (Jio) rolled out a slew of postpaid plans aimed at the lucrative postpaid telecom market.
Jio on Tuesday announced plans ranging from Rs 399 to Rs 1,499, with higher-priced packs coming with increased data and bundled applications. At the entry-level price point, postpaid packs of Airtel and Vi are at a 25 percent premium to those launched by Jio.