Reliance Industries shares hit record high on Alibaba JV reports
The shares of Mukesh Ambani-led Reliance Industries rose as much as 2.55% to hit a record high of â¹1234.50 on Monday on reports of China's Alibaba mulling a joint venture with the company. Billionaire Jack Ma-led Alibaba Group Holding may invest at least $5 billion in Reliance Retail to form a joint venture, reports have claimed.