Mukesh Ambani

JIoBook, a laptop, product of Reliance Jio partnered with China’s Bluebank Communication Technology and is rumored to be released in the market this festive season. According to reports the device will be supported by a Qualcomm processor along with 4 GB RAM and is priced under INR 30,000. As per listing on the certification website it may come in three different variants to offer customers a varied choice.

Reliance Retail (RIL), owned by Mukesh Ambani may acquire the Indian franchise of the world's largest single-brand restaurant chain, Subway. The acquisition is worth $200-$250 million. This comes in the wake of Subway's Chief Executive John Chidsey's attempts to restructure its sales strategies as it took a hit due to the pandemic. Reportedly, the RIL will gain around 600 Subway stores across India when the acquisition is on board.

With an aim to produce clean energy, Mukesh Ambani announced Rs 75,000 crore investment for the set up of "Giga Factories", on June 24. The factories will be set to up produce solar photovoltaic cells, green hydrogen, batteries, and fuel cells over the next three years to bridge the "green energy divide in India and globally". In the company's shareholders' meeting, he stated that Reliance will be capable of generating 100GW of solar power.… read-more

Adani Group's owner Gautam Adani, with a net worth of $67 billion, has surpassed China's Zhong Shanshan ($63.6Bn) to become the second-richest Asian. With the feat, Adani has now bagged the 16th place globally, four behind richest Asian Mukesh Ambani ($76.5Bn). According to Bloomberg's report, Adani's rise began in 2020 since stocks of all his six companies rose, taking the market capitalisation from $20 billion to $115 billion.

Mukesh Ambani-owned Reliance Industries on April 17 extended its help to Madhya Pradesh's worst-hit city Indore by providing 60 tonnes of medical oxygen. The company sent the oxygen tankers from its Gujarat's Jamnagar plant, and has assured of supplying 100 tonnes of oxygen to Indore every day. Thanking RIL, BJP Indore chief Tulsi Silavat stated it "will be extremely useful for the city." Earlier, Reliance had sent oxygen to Maharashtra.