Reliance Ind | Ethical issues in accounting

The bad news is coming from the USA.
a big brokerage house Bernstein has said that reliance jio would have lost a 15,000 Cr in the current fiscal year if the standard accounting followed.
The company is showing subsidies expenses of jio handset in Reliance retail's accounts.

My personal viewpoint.
I usually don't like to invest in companies of reliance group, Adani group etc. I internally feel these companies do unethical practices in their business.


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