Tag: Mukesh Ambani

New Delhi: Reliance Industries Chairman Mukesh Ambani is no longer the richest man in Asia, owing to the recent freefall in oil prices. According to the Bloomberg Billionaires Index, Chinese billionaire Jack Ma, the founder of e-commerce major Alibaba Group has toppled Ambani to get the top spot in Asia. The persistent concerns of severe […]

New Delhi:  In COVID-19 times, Amazon Founder and CEO Jeff Bezos has maintained his top slot as worlds richest man with a net worth of $113 billion, followed by Bill Gates at $98 billion, according to the latest Forbes 34th annual worlds billionaires list. Bernard Arnault, Chairman and CEO of luxury magnate LVMH (LVMHF), moved […]

New Delhi: As Facebook is set to take up nearly 10 per cent stake in Reliance Jio, Mark Zuckerberg, the Facebook CEO on Wednesday said that both the companies would work on some major projects to open up commerce opportunities for people in India. Zuckerberg in a Facebook post said that India is in the […]

New Delhi: US-based private equity firm Vista Equity Partners will buy a 2.32 per cent stake in billionaire Mukesh Ambani’s digital unit, Jio Platforms, for Rs 11,367 crore, the company announced on Friday. “This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh […]

New Delhi: Reliance Industries on Friday announced the sale of a 2.32 per cent stake in its digital unit to US private equity giant KKR for Rs 11,367 crore, the fifth deal in four weeks that will inject a combined Rs 78,562 crore in the oil-to-telecom conglomerate to help it pare debt. This is KKR’s […]

Mumbai: Billionaire Mukesh Ambani on Friday said his flagship firm Reliance Industries is now net-debt free after a record Rs 1.69 lakh crore fundraising in under two months. In a statement, RIL Chairman Mukesh Ambani said: “I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of […]

New Delhi: The twin children of billionaire Mukesh Ambani, Akash and Isha, have made it to the Fortune’s latest ’40 Under 40′ list of influential people around the world. The Ambani scions, who will celebrate their 29th birthday next month, feature in the technology section of the list where they have got company from India’s […]

Singapore/New Delhi: Mukesh Ambani remains at No. 1 for the 13th year in the Forbes List of Indias 100 Richest, as the tycoon added $37.3 billion, bringing his fortune to $88.7 billion, a rise of 73 per cent. Amid the Covid-19 pandemic which hit India hard and led to a sharp economic contraction, half of […]

Mumbai: The National Investigation Agency (NIA) has arrested Assistant Police Inspector Riyaz Kaji here, who allegedly helped Sachin Vaze in connection with the explosive laden SUV found outside Reliance Industries…

New Delhi: Amazon.com Inc on Sunday won an interim award against its partner Future Group selling retail business to Reliance Industries Ltd for Rs 24,713 crore after a Singapore-based single judge arbitration panel put the deal on hold. Amazon, which had agreed to purchase 49 per cent of one of Future’s unlisted firms last year […]

New Delhi: The face-off between Mukesh Ambani-led Reliance Industries Ltd (RIL) and Jeff Bezos-run behemoth Amazon over the retail assets of Future Group in India has once again exposed the ambition of the so-called “gatekeeper for e-commerce” to keep the reins of a growing retail market in the country in its hands. The legal battle […]

Gandhinagar/New Delhi: Reliance Industries Limited’s Chairman Mukesh Ambani on Saturday said hailed the passionate and dynamic leadership of Prime Minister Narendra Modi. He said, PM Modi has made the world sit up and take notice of the emergence of a New India. Ambani while addressing a convocation ceremony of Pandit Deendayal Petroleum University (PDPU) virtually […]

New Delhi: Reliance Industries (RIL) Chairman Mukesh Ambani on Tuesday said there was a requirement of policy measures for the early roll out of the fifth generation (5G) connectivity technology. Addressing the inaugural session of India Mobile Congress (IMC), Ambani said Reliance Jio will pioneer India’s ‘5G Revolution’ in the second half of 2021. He […]

New Delhi: Founder of bottled water company Nongfu Spring, Zhong Shanshan has overtaken Reliance Industries Chairman Mukesh Ambani as the richest person in Asia, with a net worth of $77.8 billion. The Bloomberg Billionaires Index showed that Zhong’s net worth has surged $70.9 billion making him the richest man in Asia above both Mukesh Ambani […]

New Delhi: Reliance Industries Chairman Mukesh Ambani topped the Forbes list of India’s 10 richest billionaires with a net worth of $84.5 billion, followed by Adani Group chief Gautam Adani.…