How investments in tech are helping Asia's richest man diversify his business

For decades, Mukesh Ambani’s empire has been supported by the energy flank he inherited from his father. But when Mr Ambani faces shareholders at Reliance Industries' annual meeting on Wednesday, he’ll be speaking on behalf of an empire that is increasingly breaking free from oil-price fortunes. The billionaire’s string of deals with Facebook and other Silicon Valley players this year have propelled Reliance into the e-commerce and technology space like never before. The stock has more than doubled since a low in March to a record as Jio Platforms, Reliance’s digital services business unit, netted almost $16 billion (Dh58.8bn) in a fundraising blitz. All this at a time when sentiment in the...