Reliance Industries Ltd.’s shares tumbled after analysts warned of rising competition in the retail sector, where the Mukesh Ambani-controlled conglomerate is a major player.
Reliance Industries Ltd.’s shares tumbled after analysts warned of rising competition in the retail sector, where the Mukesh Ambani-controlled conglomerate is a major player.
An employee wears a branded uniform outside a Reliance Jio Infocomm Ltd. store, a subsidiary of Jio Platform Ltd., in New Delhi, India, on Thursday, Nov. 6, 2025. Investment bankers are proposing a valuation of as much as $170 billion for Jio Platform, according to people familiar with the matter, ahead of what could be a record-breaking initial public offering for Reliance Industries Ltd.'s wireless carrier.
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