Mukesh Ambani's empire faces turbulence as US trade tariff risks mount

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Mukesh Ambani's empire faces turbulence as US trade tariff risks mount - Business Standard

Quick Summary:

That meeting didn’t go unnoticed in New Delhi, whose restrictive policies have been a bane for Walmart’s Flipkart and Amazon’s local marketplace — and a boon for Reliance Retail.

The sprawling retail business, as Bloomberg News reported last week, is undergoing an overhaul amid sagging analyst estimates of its worth.

It’s unclear how much more profit Reliance can extract from Russian oil, which has gone from being a negligible part of India’s import to nearly a third since the start of the war in Ukraine.