{"id":362829,"date":"2020-07-15T10:55:28","date_gmt":"2020-07-15T05:25:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=362829"},"modified":"2020-07-15T11:12:09","modified_gmt":"2020-07-15T05:42:09","slug":"facebook-helps-mukesh-ambani-shed-dependence-on-oil","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/facebook-helps-mukesh-ambani-shed-dependence-on-oil\/","title":{"rendered":"Facebook helps Mukesh Ambani shed dependence on oil"},"content":{"rendered":"<p>For decades, Mukesh Ambani\u2019s empire has been supported by the energy flank he inherited from his father.<\/p>\n<p>But when Ambani faces shareholders at Reliance Industries Ltd.\u2019s annual meeting on Wednesday, he\u2019ll be speaking on behalf of an empire that is increasingly breaking free from oil-price fortunes. The billionaire\u2019s string of deals with Facebook Inc. and other Silicon Valley players this year have propelled Reliance into the e-commerce and technology space like never before. <\/p>\n<p>The stock has more than doubled since a low in March to a record as Jio Platforms Ltd., Reliance\u2019s digital services business unit, netted almost $16 billion in a fundraising blitz. All this at a time when sentiment in the oil market remains fragile even after prices have recovered from a two-decade low.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For decades, Mukesh Ambani\u2019s empire has been supported by the energy flank he inherited from his father. But when Ambani faces shareholders at Reliance Industries Ltd.\u2019s annual meeting on Wednesday, he\u2019ll be speaking on behalf of an empire that is increasingly breaking free from oil-price fortunes. The billionaire\u2019s string of deals with Facebook Inc. and other Silicon Valley players this year have propelled Reliance into the e-commerce and technology space like never before. The stock has more than doubled since a low in March to a record as Jio Platforms Ltd., Reliance\u2019s digital services business unit, netted almost $16 billion [&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":[146,130,177],"tags":[],"class_list":["post-362829","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362829","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=362829"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362829\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=362829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=362829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=362829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}