Page 24 - Mukesh Ambani

RIL closes four Jio stake sale deals, receives Rs 30,062 cr from investors

Reliance had sold a total of 25.09 per cent stake in the subsidiary which houses India's youngest but largest telecom firm, Jio, to 11 investors for Rs 1,17,588.45 crore

With a fortune of $68 bn, Mukesh Ambani now richer than Warren Buffet

Shares of Ambani's conglomerate have more than doubled since a low in March as its digital unit got more than $15 billion in investments from companies including Facebook and Silver Lake

Reliance shares jump 2.95%; market-cap zooms Rs 34,195 cr to Rs 11.9 trn

The market heavyweight stock gained 2.95 per cent to close at Rs 1,878.50 on the BSE.

As Asian deals disappear, India becomes unlikely hotspot for M&A

Thanks to investments in Jio, India accounts for more than 12 per cent of announced deals in the Asia Pacific region so far this year, the highest ratio since at least 1998.

World's richest in pics: Jeff Bezos to Mukesh Ambani, top 10 billionaires

According to the Bloomberg's Billionaires Index, daily ranking of the world's richest people, Jeff Bezos's wealth soars to record $171.6 billion

Covid-19 impact: Six of the top 10 family-owned businesses in the red

Leading business houses report pre-tax loss of Rs 19,342 crore in Q4

Zoom's newest challenger: Budding internet tycoon Mukesh Ambani

Like Google Meet, Microsoft Teams and other services, JioMeet offers unlimited high-definition calls - but unlike Zoom, it doesn't impose a 40-minute time limit.

RIL gains 1% as Intel Capital to invest Rs 1,894 crore in Jio Platforms

This will be the twelfth international deal for Reliance's digital arm in less than three months, taking the total investment amount to Rs 117,588.45 crore.

Intel Capital invests Rs 1,894 crore for a 0.39% stake in Jio Platforms

This will be the twelfth big ticket investment in the firm in less than three months

Indian Super League: The billionaire, Bollywood and future of Indian soccer

Ambani's holding group launched the Indian Super League, an elite competition of newly created teams, in 2014 with the aim of attracting investment and big global names.

Covid-19 impact: Reliance Brands pushes direct sales to boost business

Through a blend of online events, video-guided tours and parties, and digital catalogues called "flipbooks", the company's sales have awakened after the easing of the lockdown.

Mukesh Ambani pushes for clean, affordable energy; tech to decarbonise

"It's not only imperative for us to be net carbon zero but I think that we should opt to recycle carbon," Ambani said.

Health to retail: Jio Platforms' plan to be No 1 in B2C revealed

Jio Platforms, the digital services subsidiary of Reliance Industries, is working on a three-point strategy.

Pompeo declares Reliance Jio 'clean' for spurning Huawei telecom gear

Reliance Industries Chairman Mukesh Ambani had told US President Donald Trump during his February visit to India that Jio was the only network in the world to not have a single Chinese component

Jio poised to play key role in development of 5G ecosystem in India: RIL

"Jio with its 5G-ready network and extensive fiber assets, would play a key role in the development of the 5G ecosystem in India, based on market dynamics," the annual report stated

Hurun's rich list 2020: Here are the top 10 richest people in the world

Amazon CEO, Jeff Bezos, retains the top spot on the list with $140 billion net worth, down $7 billion from last year, mainly due to the world's largest divorce settlement

Facebook seeks legal advice on $5.7-billion investment in Jio Platforms

Social media giant has some investors from China, wants clarity on beneficial ownership norms

Working to complete contours of Saudi Aramco deal, says Mukesh Ambani

The deal was to be concluded by March 2020 but has been delayed.

Mukesh Ambani keeps salary capped at Rs 15 cr for 12th straight year

This is at a time when remunerations of all whole-time directors of the company, including cousins Nikhil and Hital Meswani, saw a handsome increase in current fiscal year

Jeff Bezos, Mukesh Ambani rise in wealth report on coronavirus times

China-based Hurun Research's report tracks wealth changes of successful entrepreneurs in the four months ending May 31.