{"id":301951,"date":"2019-11-21T10:47:40","date_gmt":"2019-11-21T05:17:40","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=301951"},"modified":"2019-11-21T10:47:40","modified_gmt":"2019-11-21T05:17:40","slug":"ril-pips-bp-plc-to-become-6th-largest-energy-company","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-pips-bp-plc-to-become-6th-largest-energy-company\/","title":{"rendered":"RIL pips BP Plc to become 6th largest energy company"},"content":{"rendered":"<p>On Wednesday, Reliance IndustriesNSE -0.70 %, which is fast nearing the Rs 10-lakh-crore market value mark, overtook BP Plc to become the world\u2019s sixth-largest energy company in terms of market capitalisation. The RIL stock has rallied 6% in the past two days after the group\u2019s telecom arm Reliance Jio Infocomm said it will increase call and data charges. The stock \u2014 which has risen 36% so far this year \u2014 is trading at 21 times FY20 estimated earnings and 3.5 times book value. The RIL stock ended up 2.47% at Rs 1,547 on the BSE Wednesday. RIL chairman Mukesh Ambani, with a net worth of $58 billion, remains the richest Asian. Alibaba\u2019s Jack Ma is a distant second with a net worth of $42.8 billion. Ambani is the world\u2019s 12th richest person on a list topped by Microsoft\u2019s Bill Gates. ET<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday, Reliance IndustriesNSE -0.70 %, which is fast nearing the Rs 10-lakh-crore market value mark, overtook BP Plc to become the world\u2019s sixth-largest energy company in terms of market capitalisation. The RIL stock has rallied 6% in the past two days after the group\u2019s telecom arm Reliance Jio Infocomm said it will increase call and data charges. The stock \u2014 which has risen 36% so far this year \u2014 is trading at 21 times FY20 estimated earnings and 3.5 times book value. The RIL stock ended up 2.47% at Rs 1,547 on the BSE Wednesday. RIL chairman Mukesh Ambani, [&hellip;]<\/p>\n","protected":false},"author":39,"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-301951","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\/301951","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=301951"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301951\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=301951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=301951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=301951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}