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India’s healthy drinks race heats up as the conglomerate takes on Pepsi and Coke by acquiring a controlling stake in a joint venture with the maker of zero-sugar, herb-infused drinks.

The FMCG major returns to acquisitions as growth stalls, but its uneven track record and structural challenges raise questions over whether the strategy can deliver
Telecom and retail both continue with their ‘hit and miss’, while O2C delivers an unsurprisingly poor performance in Q4. This is a year RIL will be glad to see the back of.
Telecom and retail, which account for half the conglomerate’s revenue and most of its valuation, aren’t accelerating fast enough to justify their price tags.