Opinion
Jio 'new economy' partnership is a key driver for Reliance
Given the attractive demographics of India's huge population, it's easy to see why the new 'family' of businesses is generating so much excitement.
Greg SmithContributorReliance Industries, one of India’s largest conglomerates, has continued to make stellar strides in terms of share price despite the pandemic (and India’s surging infection rates).
The UK-listed shares have reached record highs thanks to the company attracting massive investment in its "new economy" businesses and essentially eliminating a heavy debt burden. Previously heavily indebted because of its traditional oil and gas businesses, Reliance is virtually debt-free.
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