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RIL turns bigger than McDonald's, Netflix as Mukesh Ambani fuelling India's $1 trillion dream

Reliance Industries, owned by Mukesh Ambani, has become the largest wealth creator on Dalal Street with a market capitalization of Rs 20 lakh crore. It is bigger than American giants like McDonald s, PepsiCo, Netflix, and Accenture. RIL is also the only Indian company among the world s 50 most valuable companies and is also one of the top candidates to become India s first $1 trillion stock. ....

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Mukesh Ambani: Mukesh Ambani, Sunil Mittal may deal with an unfinished agenda after elections

Indian billionaires Mukesh Ambani and Sunil Mittal may wait for the Lok Sabha elections to finish before hiking telecom tariffs in the second half of 2024. Jefferies expects a 20% tariff hike in the second quarter of fiscal year 2025. The government, which owns 33% stake in Vodafone Idea, may also favor tariff hikes to support the telco s survival. CLSA estimates that Bharti Airtel will lead tariff hikes to an Arpu of Rs 257 by fiscal year 2026. ....

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