{"id":381875,"date":"2020-11-03T08:49:22","date_gmt":"2020-11-03T03:19:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381875"},"modified":"2020-11-03T09:44:18","modified_gmt":"2020-11-03T04:14:18","slug":"ril-shareholders-lose-rs-1-2-trillion-as-q2-earnings-weigh-on-stock","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-shareholders-lose-rs-1-2-trillion-as-q2-earnings-weigh-on-stock\/","title":{"rendered":"RIL shareholders lose Rs 1.2 trillion as Q2 earnings weigh on stock"},"content":{"rendered":"<p>Shares of Reliance Industries (RIL), the most valuable company in India, on Monday plunged nearly 9 per cent &#8212; the most since March 23 &#8212; after it reported a drop in profits for the quarter ended September 2020. The stock price rout wiped $16 billion (Rs 1.2 trillion) off the firm\u2019s market capitalisation and eroded promoter Mukesh Ambani\u2019s personal wealth by $6 billion (Rs 45,000 crore). This also hit Ambani\u2019s ranking on the world\u2019s rich list, pushing him down to 10th from the sixth spot. <\/p>\n<p>The company\u2019s shares closed at a three-month low of Rs 1,876, while its partly paid-up shares hit the 10 per cent lower limit to end at Rs 1,065.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Reliance Industries (RIL), the most valuable company in India, on Monday plunged nearly 9 per cent &#8212; the most since March 23 &#8212; after it reported a drop in profits for the quarter ended September 2020. The stock price rout wiped $16 billion (Rs 1.2 trillion) off the firm\u2019s market capitalisation and eroded promoter Mukesh Ambani\u2019s personal wealth by $6 billion (Rs 45,000 crore). This also hit Ambani\u2019s ranking on the world\u2019s rich list, pushing him down to 10th from the sixth spot. The company\u2019s shares closed at a three-month low of Rs 1,876, while its partly paid-up [&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":[135,130,169],"tags":[],"class_list":["post-381875","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381875","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=381875"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381875\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}