Reliance’s $50 billion wipeout shows toll of weak Q2 earnings

Reliance Industries Ltd., India's most valuable company, has seen a significant market capitalization decline of nearly $50 billion since July. This drop comes amidst weakening earnings, an economic slowdown, and investor disappointment over six consecutive quarters of missed earnings estimates. The company's share performance has lagged, widening the gap with benchmark indices, despite broader market pressures.