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The five-year ban from the securities market over alleged diversion of funds is only the latest in a series of financial and legal setbacks the younger Ambani has faced over the years.

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.
As India prepares to throw open its nuclear sector to private players, the conglomerate is taking position. But the technology, economics and risks look far tougher than anything it has scaled so far.