Mumbai: Asia’s richest man Mukesh Ambani has lost $5 billion from his net worth after the share price of Reliance Industries Ltd nosedived to its lowest level in three and a half months.
As of Monday afternoon, India’s most valuable company fell by 6.8% — the biggest slip since May 12 — and touched the lowest since July 20, whereas S&P BSE Sensex declined just 0.7%, reported Hindustan Times.
The downturn cut Ambani’s total wealth to about $73 billion, his worst day since March, according to Bloomberg Billionaires Index.
There was a 15% decline in quarterly profit of the refining-to-retail conglomerate, mainly due to the the COVID-19 pandemic which hit fuel demand. Their revenue fell 24% to 1.16 trillion rupees.
New Delhi: After Diljit Dosanjh called out the double standards of Telangana government for banning…
New Delhi: Recent actions and counter-actions in the Russia-Ukraine conflict have pushed the world to the…
Balangir: Three persons were arrested and fake IPS officers’ uniforms along with fake identity cards…
Mumbai: Abhishek Bachchan’s highly-anticipated film ‘I Want To Talk’ released in theatres on Friday, and the…
New Delhi: Accused of giving cash to secure votes ahead of election day in Maharashtra,…
Bhubaneswar: Chief Minister Mohan Charan Majhi attended the ‘Odisha State Day Celebrations’ at the 43rd…
Mumbai: Recently, some morphed pictures of actress Shweta Tiwari and her good friend Vishal Aditya…
Phulbani: Two tribal men were sentenced to life imprisonment by a special court in Odisha's…