MUMBAI • Billionaire Mukesh Ambani’s debt-fuelled bet on the rise of the Indian consumer is starting to pay off, with his retail and telecommunications businesses contributing an increasing share of revenue and profit to his US$87 billion (S$118 billion) empire.
The two divisions accounted for a combined 23 per cent of revenue for the year that ended in March, up from 17 per cent in the previous year, according to data compiled by Bloomberg.
Please or to continue reading the full article. Learn more about .
Enjoy unlimited access to ST’s best work
- Exclusive stories and features on multiple devices
- In-depth analyses and opinion pieces
- ePaper and award-winning multimedia content