Even as Reliance has diversified its businesses over the years to retail, telecom and recently green energy, the conglomerate’s oil-to-chemicals (O2C) operations continue to account for a bulk of its revenue.

Prices in India, the world’s biggest consumer after China, have rallied in the past month in line with the overseas markets as investors sought safe havens following Russia’s invasion of Ukraine.

Manish Malhotra is planning to more than double his chain of stores as well as open his first overseas shop, months after Asia’s richest man bought into his eponymous fashion house.

India’s Future Retail has asked the country’s top court to stall a Singapore arbitration panel’s decision to freeze a $3.4 billion asset sale after e-commerce giant Amazon had sought to block the deal.