A list of top 100 companies by Financial Times ranked Mumbai-based RIL at 89. The publication ranked companies based on resiliency during the pandemic.
Billionaire Mukesh Ambani's Reliance Industries (RIL) is the only Indian company to feature on a list of businesses that prospered during the Coronavirus enforced lockdown.
A list of top 100 companies by Financial Times ranked Mumbai-based RIL at 89. The publication ranked companies based on resiliency during the pandemic.Also Read: Jio Platforms | From Facebook to Intel, here's a fact-box of the 12 deals so far
"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," the publication said.
Frequently Asked Questions
A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.
There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.
Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.
RIL's telecom unit Jio Platforms has raised Rs 1,17,588.45 crore from global investors since April 22, the conglomerate said on July 3.
On July 3, RIL said American semiconductor giant Intel will be investing Rs 1,894.5 crore in Jio Platforms.
Here are the top 10 companies on Financial Times' list of businesses that performed well during the pandemic:
Disclosure: Reliance Industries (RIL) is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.