Page 6 - Mukesh Ambani
Reliance Jio delays launch of low-cost smartphone amid chip shortage
The 4G-enabled smartphone, to be priced below Rs 5,000, is crucial to Jio's strategy as it aims to win over 300 million 2G customers
 "Reliance Jio delays launch of low-cost smartphone amid chip shortage")
Making green hydrogen viable demands financial, tech support to lower costs
In terms of government support for green hydrogen, a cabinet note proposing to make it mandatory for fertiliser plants and oil refineries is in the works
 "Making green hydrogen viable demands financial, tech support to lower costs")
Top headlines: Mukesh Ambani enters $100-bn club, 'made in India' iPhones
Business Standard brings the top headlines of the day
 "Top headlines: Mukesh Ambani enters $100-bn club, 'made in India' iPhones")
Mukesh Ambani enters $100-bn club; analysts see further rise in RIL's m-cap
Ambani not only gained from a rally in RIL share price, but also from a steady rise in his family stake in the company
 "Mukesh Ambani enters $100-bn club; analysts see further rise in RIL's m-cap")
Mukesh Ambani sees green hydrogen costs coming down to $1 per kg in 10 yrs
Ambani noted that the PM had set a goal to reach 450GW of renewable energy capacity by 2030
 "Mukesh Ambani sees green hydrogen costs coming down to $1 per kg in 10 yrs")
Airtel takes a leaf out of Reliance Jio as telecom battle intensifies
This is not the first time that Bharti Airtel has followed its arch rival's strategy. Over 4G, it followed a similar policy too which differentiated them both from their legacy telecom rivals
 "Airtel takes a leaf out of Reliance Jio as telecom battle intensifies")
RIL eyes entering new materials, renewable energy biz through acquisitions
RIL is believed to be closing in on a deal to buy out the REC Group, a Norway-headquartered solar module maker with links to the Chinese government-owned China National Chemical Corporation
 "RIL eyes entering new materials, renewable energy biz through acquisitions")
Tripling India sourcing to $10 bn a year by 2027: Walmart Int'l CEO
Judith McKenna said the Covid-19 pandemic highlighted the importance of Walmart's flexible, agile and diversified global supply chain
 "Tripling India sourcing to $10 bn a year by 2027: Walmart Int'l CEO")
Mukesh Ambani is going green but it's oil that fuels Reliance's bottomline
Businessman touts the shift to less polluting options, but crude's byproducts will remain one of the biggest drivers of his $80 billion fortune.
 "Mukesh Ambani is going green but it's oil that fuels Reliance's bottomline")
Not just tycoons, India's asset monetisation plan must treat all fairly
Australia has lessons for India's plan on managing a fair deal for taxpayers and ensuring public utilities work and are affordable.
 "Not just tycoons, India's asset monetisation plan must treat all fairly")
Will implement single judge order against Reliance deal: HC to Future Group
The Delhi High Court Tuesday said it will implement the single-judge order restraining Future Retail Ltd (FRL) from going ahead with the Rs 24,713 crore deal with Reliance Retail to sell its business
 "Will implement single judge order against Reliance deal: HC to Future Group")
RIL gains nearly 3% on reports of Aramco eyeing stake buy in its O2C biz
Saudi Aramco is in advanced talks for an all-stock deal to acquire a stake in the company's oil refining and chemicals (O2C) business, a Bloomberg report said
 "RIL gains nearly 3% on reports of Aramco eyeing stake buy in its O2C biz")
RIL forays into energy-storage business through stake buy in US company
Based on patented tech, designed to last between 4-24 hrs, Ambri's long- duration energy storage systems will break through the cost, longevity & safety barriers associated with lithium-ion batteries
 "RIL forays into energy-storage business through stake buy in US company")
Supreme Court stalls $3.4-billion RIL-Future deal, win for Amazon
The case centres around Amazon challenging Future's merger deal with Reliance Retail
 "Supreme Court stalls $3.4-billion RIL-Future deal, win for Amazon")
 "What were RIL's hits and misses in Q1? D-Street analysts decode")
India can be as rich as US and China by 2047, says Mukesh Ambani
Ambani said India in 1991 showed foresight and courage in changing both the direction and determinants of its economy
We can make next 30 years the best in India's history: Mukesh Ambani
"I am supremely hopeful and confident about the Rise of New India. I can see that the spirit of India is more resurgent than ever before", Mukesh Ambani wrote in Times of India
 "We can make next 30 years the best in India's history: Mukesh Ambani")
RIL Q1 results: Consolidated net profit falls 7% to Rs 12,273 crore
The oil-to-telecom conglomerate's revenue from operations rose 58.2 per cent to Rs 1.44 trillion
RIL's big retail push: A dozen buys worth $4.2 billion in 2 years
In India, the digital e-commerce space is dominated by just Amazon and Flipkart who control over 60 per cent of market share.
 "RIL's big retail push: A dozen buys worth $4.2 billion in 2 years")
Amid IPO frenzy, Reliance plans public listing of retail, O2C businesses
Depending on the investors' appetite, at least one will be launched in the current financial year, a banker close to the development says
 "Amid IPO frenzy, Reliance plans public listing of retail, O2C businesses")
