Mukesh Ambani often presents Reliance telecommunications and retail companies as nation-building initiatives. Highlight Amazon behaves like East India Co: Lawyer On Fight for Future Group Reliance-Amazon’s Fight for Future Group May Hurt Foreign Investment Struggle for India’s $ 1 Trillion Retail Sector Kicks Off Debate Between Overseas and Local A …
Read More »Reliance’s dream career in the market has equity mutual funds worried
The searing rally in Reliance Industries Ltd. shares is becoming a problem for Indian equity mutual funds. The stock has more than doubled since a March low, thanks to President Mukesh Ambani’s fundraising blitz. The increase has increased the company’s weighting on the S&P BSE Sensex to 17.4%, from 11% …
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