Chasing growth: RIL has ambitious plans

Future technology, new energy, retail-the diversified conglomerate's strategy is seen positively by markets

The 45th annual general meeting (AGM) of Reliance Industries (RIL) has clarified multiple questions about succession and different business segments. The stock responded well as the road map for the diversified conglomerate’s strategy was seen positively. The 65-year-old chairman, Mukesh Ambani, revealed his elder son, Akash, would be in charge of the digital division, while Akash’s twin sister, Isha, would handle retail, and their younger sibling, Anant, would be given the new energy business. The future management of the oil-to-chemicals division (O2C), which still produces the bulk of the revenues, though was not so clearly demarcated. Jio is set to