India Edition

Billionaire Ambani-Led Reliance Pays National Champion Price

Reliance redirected gas supplies, stopped buying Russian oil, and is now reworking Jio’s IPO.
An advertisement at a Reliance Jio Infocomm store in New Delhi.Photographer: Anindito Mukherjee/Bloomberg

Welcome to India Edition, Bloomberg’s daily dive into what’s moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I’m Menaka Doshi. If you didn’t receive this directly in your inbox, you can subscribe here, and share feedback with us here.

Today, I look at the cost Reliance Industries pays to be a national champion, and my colleague Satviki Sanjay explains why Torrent Pharma is leading rivals in generic weight-loss drugs.