{"id":382086,"date":"2020-11-03T11:18:48","date_gmt":"2020-11-03T05:48:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=382086"},"modified":"2020-11-03T12:46:49","modified_gmt":"2020-11-03T07:16:49","slug":"mukesh-ambani-loses-7-billion-as-oil-sinks-reliance-shares","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mukesh-ambani-loses-7-billion-as-oil-sinks-reliance-shares\/","title":{"rendered":"Mukesh Ambani loses $7 billion as oil sinks Reliance shares"},"content":{"rendered":"<p>Mukesh Ambani, Asia\u2019s richest man, lost almost $7 billion from his net worth as Reliance Industries Ltd.\u2019s shares tumbled the most in over seven months following a drop in quarterly profit. <\/p>\n<p>The stock of India\u2019s most-valuable company closed 8.6% lower in Mumbai on Monday, slipping the most since March 23. It was the day\u2019s worst performer on the benchmark S&amp;P BSE Sensex, which rose 0.4%. The slide also shaved down Ambani\u2019s wealth to about $71 billion, according to the Bloomberg Billionaires Index. <\/p>\n<p>The refining-to-retail conglomerate reported a 15% decline in quarterly profit to 95.7 billion rupees ($1.3 billion) late on Friday, as the coronavirus pandemic hit fuel demand. Revenue fell 24% to 1.16 trillion rupees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mukesh Ambani, Asia\u2019s richest man, lost almost $7 billion from his net worth as Reliance Industries Ltd.\u2019s shares tumbled the most in over seven months following a drop in quarterly profit. The stock of India\u2019s most-valuable company closed 8.6% lower in Mumbai on Monday, slipping the most since March 23. It was the day\u2019s worst performer on the benchmark S&amp;P BSE Sensex, which rose 0.4%. The slide also shaved down Ambani\u2019s wealth to about $71 billion, according to the Bloomberg Billionaires Index. The refining-to-retail conglomerate reported a 15% decline in quarterly profit to 95.7 billion rupees ($1.3 billion) late on [&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],"tags":[],"class_list":["post-382086","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/382086","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=382086"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/382086\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=382086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=382086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=382086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}