Reliance’s $50 Billion Wipeout Exhibits Toll of Weak Earnings
Reliance Industries Ltd. has erased virtually $50 billion in market capitalization since its peak in July as probably the most helpful Indian agency struggles with weakening earnings and an financial slowdown. Shares of the refining-to-retail conglomerate led by billionaire Mukesh Ambani have barely risen this yr, trailing the benchmark NSE Nifty 50 Index by the … Read more