{"id":301792,"date":"2019-11-20T11:46:48","date_gmt":"2019-11-20T06:16:48","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=301792"},"modified":"2019-11-20T11:46:48","modified_gmt":"2019-11-20T06:16:48","slug":"reliance-industries-breaks-into-club-of-six-oil-elites","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-breaks-into-club-of-six-oil-elites\/","title":{"rendered":"Reliance Industries breaks into club of six oil elites"},"content":{"rendered":"<p>New Delhi: Reliance Industries Ltd., run by Asia\u2019s richest man Mukesh Ambani, has eclipsed BP Plc to break into an elite club of energy supermajors.<\/p>\n<p>The Indian conglomerate\u2019s market capitalization was about $133 billion, overtaking the British energy giant\u2019s $132 billion value at the close of trading on Tuesday. Reliance\u2019s shares have increased at three times the pace of India\u2019s benchmark index this year after its billionaire owner in August announced plans to cut the company\u2019s net debt to zero in 18 months through measures including a stake sale in the oil-to-chemicals business to Saudi Aramco.<\/p>\n<p>The surge in shares gives Ambani a net worth of $56 billion, making him Asia\u2019s richest person, above Alibaba Group\u2019s Jack Ma, according to the Bloomberg Billionaires Index.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Reliance Industries Ltd., run by Asia\u2019s richest man Mukesh Ambani, has eclipsed BP Plc to break into an elite club of energy supermajors. The Indian conglomerate\u2019s market capitalization was about $133 billion, overtaking the British energy giant\u2019s $132 billion value at the close of trading on Tuesday. Reliance\u2019s shares have increased at three times the pace of India\u2019s benchmark index this year after its billionaire owner in August announced plans to cut the company\u2019s net debt to zero in 18 months through measures including a stake sale in the oil-to-chemicals business to Saudi Aramco. The surge in shares [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-301792","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301792","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=301792"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301792\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=301792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=301792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=301792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}