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Strategy

Mukesh Ambani’s battle of the three worlds of oil, technology, and shopping

Mukesh Ambani’s battle of the three worlds of oil, technology, and shopping
Mukesh Ambani’s battle of the three worlds of oil, technology, and shopping
BCCL
Reliance Industries chairman and managing director Mukesh Ambani at the India Mobile Congress 2017 in New Delhi

Synopsis

The Aramco deal will secure the holding company valuation. This will be a breather Ambani needs to compete in the cash-guzzling technology and consumer businesses. The investment pause is needed to survive for the next round of contests with global behemoths.

He that has lost his credit is dead to the world - English and German proverb. There is this thing about elephants learning to dance. Before the grace, poise, and the rhythm comes, will come the klutzy bits. For little over a decade, Mukesh Ambani, chairman and managing director, Reliance Industries (RIL) has shown fierce intent of getting into businesses of the future. He opened a front in retail in 2006. A little later in 2010, RIL bought out
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The Economic Times