Re: reliance industries
by piri on Jul 08, 2018 05:12 PM
Reliance Ind market cap at present is about 90 billion USD. 1000 billion is a trillion.
FAAGM combined market cap is 3.8 trillion USD, which is 3800 billion.
So, you can see how small Reliance is compared to those biggies.
And, Reliance, despite best efforts, has not been able to grow well outside India as it has in India. This is because the chief reason for the success of Reliance (and the success of many other Indian companies) is its ability and single minded will to bend or even break laws and get the regulators on its side rather than on its business acumen !
In India, such completely unscrupulous big time operators are routinely able to get away with loot of public wealth and back door monopolisation of their businesses only because they lead in funding big political parties such as the BJP and the Congress.
Abroad, companies such as Reliance come up against stiff competition and their lack of true business acumen make them fall by the wayside !
