Photo: The Economic Times
Mukesh Ambani No Longer Among Top 10 Richest Billionaires List
According to the Bloomberg Billionaire Index, the chairman of Reliance Industries Mukesh Ambani is no-longer a part of the top 10 richest billionaires list. With a net worth of $76.5 billion, Ambani has been pushed back to the eleventh position. While Jeff Bezos with a net worth of $186 billion stands first, Tesla owner Elon Musk( $160 billion) and Bill Gates ($131 billion) have secured second and third respectively.
Tags: Mukesh Ambani, Reliance Industries, Jio, Bloomberg Billionaire Index
Courtesy: The Financial Express
Photo: Lokmat News Hindi
Gujarat's Jamnagar To House 250-acre Zoo Built By Reliance Industries
Reliance Industries is planning to build the world’s largest zoo in Gujarat's Jamnagar district. The ambitious project of Mukesh Ambani’s son Anant Ambani will be built near the world’s largest oil refinery owned by the RIL. With all the approvals already been secured, the 280-acre project is expected to be completed in two years. Named as ‘Greens Zoological, Rescue & Rehabilitation Kingdom’, the zoo will house about 100 species of… read-more
Tags: Reliance Industries, Mukesh Ambani, zoo, Gujarat, Jamnagar
Courtesy: Times of India
Photo: Bloomberg Quint
Reliance Begins Gas Production From Asia's Deepest Block
Reliance Industries Limited (RIL) and British Petroleum on December 18 announced that one of the three deep-water gas projects in Krishna-Godavari basin has become operational. The three projects - R Cluster, Satellites Cluster and MJ - are in the KG-D6 block off the Indian east coast. R Cluster - Asia’s deepest (2000mtr) offshore gas field - is the first to become operational. The projects are supposed to meet 15% of India’s gas demand by… read-more
Tags: Reliance Industries, BP, Gas Project, India, KG-D6 block, Krishna Godavari Basin
Courtesy: LiveMint
Photo: The Economic Times
Facebook Plans Funding Small Business In India Through Jio
In a virtual meeting, Facebook head Zuckerberg said the company will help to create millions of small business in India with the support of Reliance Jio. Moreover, Zuckerberg added the current time is more suitable due to the pandemic hit economy. Zuckerberg held a meeting with Reliance's Mukesh Ambani at the first Facebook Fuel for India 2020 event. Earlier in April, Facebook had invested Rs 43,574 crore in Jio Platforms.
Tags: Facebook, Reliance Industries, Mark Zuckerberg, Mukesh Ambani
Courtesy: India TV
Photo: Telegragh India
Mukesh Ambani Confirms Jio 5G Launch From Mid-2021
Telecom giant Reliance Jio has planned to begin the 5G services from mid-2021. While addressing the India Mobile Congress, Mukesh Ambani said, “It will be powered by the indigenous-developed network, hardware and technology components.” Ambani added that the 5G would help India to lead the fourth industrial revolution. Moreover, he stated that the launch of the high-speed network would be a tribute to India's Atmanirbhar Bharat vision.
Tags: Mukesh Ambani, Jio 5G, Reliance Industries, Aatmanirbhar Bharat
Courtesy: India TV
Photo: StartUp News
Global Firm KKR Invests ₹5550 Crore In Reliance's Retail Wing
Global Investment Company KKR will invest ₹5,550 crore in Reliance Retail Ventures Limited, said Reliance Group. Reportedly, KKR will own 1.28% of the equity stakes in RRVL in a fully diluted basis. Earlier, KKR invested ₹11,367 crore in Reliance's Jio platforms. "We look forward to working with KKR’s global platform, industry knowledge and operational expertise across our digital services and retail businesses," said Mukesh Ambani, Chairman… read-more
Tags: Reliance Industries, Mukesh Ambani, Jio, KKR
Courtesy: Live Mint
Photo: HR Nxt
Reliance Industries Limited to Sell 40% Stake in Retail Arm to Amazon
As per the reports, Mukesh Ambani's Reliance Industries Limited (RIL) will sell a 40% stake, worth $20 billion, in its retail division to Amazon. However, both the companies have not commented yet on the matter. Earlier, Reliance crossed $200-billion mark in market capitalization. RIL has already attracted investments worth $20 billion this year from top firms including the likes of Facebook and Google.
Tags: Reliance Industries, Amazon, Jeff Bezos, Mukesh Ambani
Courtesy: The Economic Times
Photo: NDTV
Reliance Group Acquires Stake worth Rs 24,713 Crore in Future Group
Reliance Retail Ventures Limited (RRVL) said on August 29 that it is acquiring stake worth Rs 24,713 crores in Future Group Limited. Future Group is home to Big Bazaar, Foodhall, and Brand Factory. RRVL stated that the retail and wholesale undertaking of Future Group is being transferred to Reliance Retail and Fashion Lifestyle Limited (RRFLL), a subsidiary of RRVL. Likewise, the logistics and warehousing undertaking is being transferred as… read-more
Tags: Reliance Industries, Mukesh Ambani, isha ambani
Courtesy: UNI
Photo: Twitter / Reliancejio
Jio to Receive $2 Billion Investments from Saudi Arabia; PIF and ADIA
Public Investment Fund (PIF) of Saudi Arabia is in talks with Reliance Industries Limited (RIL) on investing USD 1 billion to purchase a stake in Jio's pan-India fibre assets. Earlier, PIF's rival company Abu Dhabi Investment Authority (ADIA) engaged in talks with RIL to invest USD 1 Billion in the fibre assets. "Saudi Aramco is already negotiating to invest in Reliance refining and petrochemical business," informed long-time Ambani family… read-more
Tags: Reliance Industries, PUBLIC INVESTMENT FUND, JIO FIBRE ASSETS, ABU DHABI INVESTMENT AUTHORITY
Courtesy: Times Of India
Photo: The Financial Express
Reliance Plans to Clash with Amazon for E-Commerce Supremacy
With purchasing majority stakes in Netmeds, Mukesh Ambani's Reliance Industry is set to compete against e-commerce giant Amazon. Billionaire Mukesh Ambani is looking to acquire several local online retailers, including Urban Ladder, Zivame and Milkbasket, with an aim to widen the footprint of Reliance Retail as he looks to challenge other e-commerce behemoths. Recently, the billionaire has raised more than USD 20 billion by selling stakes in… read-more
Tags: RIL, Reliance Industries, Mukesh Ambani, Businessman
Courtesy: India Today
