RIL Capital Wiped Off: Amidst global uncertainties, the beginning of the year 2026 has not been very good for Reliance Industries. Since the beginning of the new year, there has been a decline of about seven percent in the shares of the company, due to which the market capitalization has decreased by about Rs 1.4 lakh crore. The main reasons for the pressure on Reliance’s shares are believed to be increased concerns regarding the purchase of Russian crude oil and slowdown in the company’s retail business. This decline has been seen at a time when last year in 2025, this giant company led by Mukesh Ambani had performed brilliantly and its shares had registered a rise of about 29 percent on Nifty.

Why are Reliance shares falling?

Reliance Industries’ December quarter results are to be announced on Friday, but even before that, investors seem cautious. However, most of the brokerage firms are maintaining a positive stance on the company. He believes that in the year 2026, there will be a mixed impact of different sectors on the business of Reliance. While on one hand strong performance is being expected from the energy business, on the other hand there may remain pressure in the retail business.

According to brokerage firm Morgan Stanley, Reliance’s EBITDA may increase by about 10 percent year-on-year in the December quarter, largely due to the possible 16 percent growth in oil-to-chemical (O2C) business. However, due to high depreciation and interest costs, the increase in net profit of the company is expected to be limited to only one percent.

decrease in profits

At the same time, the picture regarding retail business looks a bit weak. Brokerage firm Goldman Sachs has estimated an annual decline of about 10 percent in the sales of Reliance Retail in the December quarter, whereas in the September quarter the growth was 21.3 percent. Morgan Stanley believes that growth in the retail segment may decline to 9 to 10 percent. Apart from this, the impact of demerger of consumer product business can also be seen on the pace of retail business.

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Ril Chairman Mukesh Ambani Salary: One of the world’s richest persons and Reliance Industries Limited (RIL) chairman and managing director, Mukesh Ambani, has not taken any salary from the company for the fifth consecutive year. Ambani has not taken any salary since the financial year 2020-21. In fact, Mukesh Ambani voluntarily decided to leave his entire salary including all kinds of allowances, retirement benefits and any kind of commission due to the difficult conditions arising after the Korona epidemic.

Did not take salary for fifth consecutive year

Prior to Korona, between FY 2008-09 to 2019-20, 67-year-old Mukesh Ambani limited his annual remuneration to Rs 15 crore. The reason was to set personal examples for the industry and the company at the management level. Significantly, the Kovid-19 epidemic, which came in March 2020, had a very bad impact on the social, economic and industrial situation of the country along with the whole world. This was revealed in Reliance’s annual report.

According to Reliance’s annual report, the company’s executive director Nikhil Meswani gets a total of Rs 25 crore annually and in other items. At the same time, the salary of his younger brother Hital Meswani is also 25 crore rupees. Other Executive Director of Reliance P.M.S. Prasad gets about 20 crore rupees in salary and other items.

Among the rich of the world

Mukesh Ambani is at number 18 in the world in the list of American magazine Forbes. His assets are estimated at $ 103.3 billion. Mukesh Ambani has three children-Isha Ambani, Akash Ambani and Anant Ambani-who were included in the company’s board in October 2023 as a non-executive director.

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Sanctions on russian oil: Amidst Ukraine-Russia war, there is constant pressure from America to eliminate it. When Moscow attacked Ukraine in the year 2022, after that the Western countries imposed a ban on it, on the other hand, they also stopped purchasing oil from him. However, India further increased the purchase of crude oil from Russia.

The cheap crude oil received by India from Russia gave him tremendous relief on the economic front. Gulf countries were the main suppliers of oil for India, depending on about 85 percent of the oil imports, but Russia replaced it for the last three years.

But, now India and China are being threatened by buying cheap oil from Russia. It is being said from the US that a tariff of 100 percent will be imposed on any country which will buy oil with Russia. US President Donald Trump is constantly engaged in putting such pressure on Russia’s President Vladimir Putin to end the Ukraine-Russia war.

Will you break on cheap oil?

However, for this, Trump has given 50 days of time. He said that we are very angry with Russia and if Russia is not able to settle with Ukraine for fifty days, then we are going to put very high tariff rates. Tariff called it a secondary tariff. NATO Secretary General Mark Rutte has also threatened to put 100 percent secondary tariffs over India-China and Brazil on buying oil with Russia in a similar way. Also, he asked these countries to explain to President Putin for a peace agreement with Ukraine.

On the other hand, Trump’s supporter Senator Lindsay Graham is constantly advocating the law Sanctioning Russia Act of 2025. Talking about imposing 500 percent tariffs over those countries, which are buying oil, gas, uranium or petrochemical from the country.

Will India stop oil from Russia?

In fact, Indian Petralium and Natural Gas Minister Hardeep Singh Puri said on Thursday that India is unaware of the threats of US sanctions as there is sufficient supply in the oil market. With this, Puri expected the prices fall. Talking about the secondary tariff, Puri said that about 10 percent of the global oil comes from Russia. In such a situation, if Russia is excluded from the supply of oil, then its price will reach $ 130 per barrel. He said that Türkiye, China, Brazil and European Union (EU) have also continued to purchase oil and gas from Russia.

He said that it has two options- first that after the ban on Russia, the world will either reduce the consumption of 10 percent oil and gains. This will mean that heaters will not run in winter, AC will not work in summer. Some traffic will have to be discontinued. Or those who are supplying 90 percent of the remaining 90 percent, they will have to increase its supply. That is, it would directly mean that oil prices will touch the sky.

But, if Russia is really imposed by America, then India will have to turn to its old traditional oil supplier West Asian countries. Brazil can play an important role in this.

According to the CREA, India is currently dependent on imports from more than 33 percent of its needs from Russia. After the ban on Russia oil, China is buying 47 percent from it, India 38 percent, European Union 6 percent and Türkiye 6 percent oil. But in the year 2022, only 2.1 percent of oil imports in India came from Russia. That is, this surge in oil imports came during the financial year 2024-25 when oil imports have increased by 35.1.

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