Elder sibling Mukesh Ambani, 61, toppled China’s Jack Ma as Asia’s richest man, after driving a telecommunications revolution in India that propelled his petrochemicals conglomerate Reliance Industries Ltd. into the $100 billion club. His personal fortune had swollen to more than $40 billion as of Friday, according to the Bloomberg Billionaires Index, billions ahead of Ma and at similar levels to Microsoft Corp.’s former chief, Steve Ballmer.
Reliance Industries Ltd.
Reliance Industries Falls Despite Meeting Estimates In Q2
Reliance Industries Falls Despite Meeting Estimates In Q2 – Shares of the Mukesh Ambani-led oil-to-telecom conglomerate fell as much as 7 percent, the most since Oct. 5, to Rs 1,070.25 despite meeting Bloomberg consensus estimates in July-September quarter.