RELIANCE’S RISE
   Date :12-Sep-2020

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DESPITE the raging coronavirus pandemic gripping big and small businesses across the world, Mr. Mukesh Ambani’s Reliance Industries Ltd is scripting an amazing story of success on the dint of his acumen to turn adversity into an opportunity. Reliance has now become the first domestic firm to cross the USD 200 billion market valuation mark. During the pandemic quarter Reliance Industries got the Facebook Inc. and Google to back its digital business and now it is enticing Amazon.Com Inc. in its retail business with an offer of roughly USD 20 billion stake. In the meanwhile, the lockdown opened up doors for Reliance’s takeover of the debt-strapped Future Group. The success story is achieved through the long-standing business ethics of the doyen late Mr. Dhirubhai Ambani whose ability to take calculated risks in a volatile market put Reliance on a global platform. Mr. Mukesh Ambani is walking a similar path and is among the world’s richest people by calibrated diversification of businesses. The story of Reliance’s rise will remain a benchmark for the industry as India Inc. finds ways to come out of the worst economic contraction.