Financial Times compiled a list of 100 businesses that have flourished during the lockdown and Mukesh Ambani’s RIL is the only Indian company name that has featured in it. RIL ranks at 89 positions in the list. The ranking of companies that Financial Times has featured on the list is based on resiliency shown by the companies during the pandemic.
Financial Times said, “While Reliance’s core energy businesses have struggled during the pandemic, foreign investors flocked to its digital arm Jio. After Facebook bought a 10 per cent stake for $5.7 billion in April, Jio sold stakes to everyone from Silver Lake and KKR to Mubadala”.
RIL said on Friday, “RIL’s telecom unit Jio Platforms has raised Rs 1,17,588.45 crore from global investors since April 22”. It announced, “American semiconductor giant Intel will be investing Rs 1,894.5 crore in Jio Platforms”.
The top ten companies that featured on the Financial Times list are Amazon, Microsoft, Apple, Tesla, Tencent, Facebook, Nvidia, Alphabet, Paypal and T-Mobile.