Reliance Industries: a $50 billion market value erosion and the challenges ahead

India’s most valuable company, Reliance Industries Ltd., is facing significant headwinds. Since reaching its peak market capitalization in July, the conglomerate, helmed by billionaire Mukesh Ambani, has seen a dramatic $50 billion erosion in value. This decline reflects a combination of factors, including weakening earnings and broader economic concerns. A widening gap: Reliance’s stock underperforms […]