{"id":296553,"date":"2019-10-17T11:49:39","date_gmt":"2019-10-17T06:19:39","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=296553"},"modified":"2019-10-17T12:03:31","modified_gmt":"2019-10-17T06:33:31","slug":"ril-can-become-1st-indian-firm-to-hit-200-billion-m-cap-in-24-months-says-bofa-ml","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-can-become-1st-indian-firm-to-hit-200-billion-m-cap-in-24-months-says-bofa-ml\/","title":{"rendered":"RIL can become 1st Indian firm to hit $200 billion m-cap in 24 months, says BofA-ML"},"content":{"rendered":"<p>Reliance IndustriesNSE 0.56 % in 24 months can become the first Indian company to reach $200 billion market cap on the back of its new commerce venture and fixed broadband business, Bank of America Merrill Lynch said on Wednesday.<\/p>\n<p>In a report, the brokerage said the key drivers necessary for Reliance to breach $200 billion market cap in 24 months from current $122 billion market cap are new commerce initiative of empowering Kiranas in unorganised retail market by offering MPoS (mobile point-of-sale), entry into SME enterprise space with Microsoft, Jio&#8217;s fiber broadband business and digital initiatives like advertising.<\/p>\n<p>&#8220;We think the market is giving little credit to these initiatives given limited visibility,&#8221; it said. &#8220;We expect near-term momentum to be strong.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance IndustriesNSE 0.56 % in 24 months can become the first Indian company to reach $200 billion market cap on the back of its new commerce venture and fixed broadband business, Bank of America Merrill Lynch said on Wednesday. In a report, the brokerage said the key drivers necessary for Reliance to breach $200 billion market cap in 24 months from current $122 billion market cap are new commerce initiative of empowering Kiranas in unorganised retail market by offering MPoS (mobile point-of-sale), entry into SME enterprise space with Microsoft, Jio&#8217;s fiber broadband business and digital initiatives like advertising. &#8220;We think [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-296553","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/296553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=296553"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/296553\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=296553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=296553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=296553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}