Ambani's bet on rising middle class is paying off

The two divisions accounted for a combined 23 per cent of revenue for the year ended March, up from 17 per cent in the previous year, according to data compiled by Bloomberg. That growth has come at the expense of the conglomerate’s energy-related arms, which have been the bedrock of Ambani’s business for more than a decade. Their revenue share dropped to 77 per cent from 83 per cent, the data show.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2ICPehc