'Reliance Industries will invest additional Rs 20,000 cr in West Bengal in three years', says Mukesh Ambani
1 year, 1 month ago

'Reliance Industries will invest additional Rs 20,000 cr in West Bengal in three years', says Mukesh Ambani

India TV News  

Reliance Industries chairman and MD Mukesh Ambani has announced that an additional Rs 20,000 crore will be invested in West Bengal in the next three years. "We plan to invest an additional Rs 20,000 crore in Bengal in the next three years for enhancing digital life solutions, augmenting Reliance Retail footprint and on bio-energy," he said at the Bengal Global Business Summit. The Reliance Industries has invested close to Rs 45,000 crore in the last few years in the state, Ambani said. ALSO READ | Reliance AGM 2023: Ambani sets succession plan in motion, unveils Jio AirFiber launch date

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History of this topic

Andhra Pradesh SIPB clears investment proposals worth ₹85,000 crore; 10 industries to create 34,000 jobs
1 month ago

Andhra Pradesh SIPB clears investment proposals worth ₹85,000 crore; 10 industries to create 34,000 jobs

The Hindu  

The Andhra Pradesh State Investment Promotion Board has decided to provide incentives based on the number of jobs created by these projects, in line with the recently announced industrial policy. Azad India Mobility Limited will invest ₹1,046 crore and create 2,381 jobs. Astha Green Energy Ventures will invest ₹8,240 crore and create 4,000 jobs, while Green Solar IRAP Limited will …

Isha Ambani Charts Out Expansion Plans For Reliance Retail's Food, Grocery Business
3 months, 3 weeks ago

Isha Ambani Charts Out Expansion Plans For Reliance Retail's Food, Grocery Business

News 18  

Reliance AGM 2024: Isha Ambani, the Director of Reliance Retail Ventures Limited, shared the latest updates and plans for the retail business. Talking about plans for Reliance Retail during the 47th AGM of Reliance Industries on August 29, Isha Ambani said that the business is establishing 7-Eleven stores as a leading 24×7 convenience destination, offering localised fresh food and beverages …

Reliance AGM 2024: Reliance to build Gigawatt-scale, AI-ready data centres in Jamnagar, says Mukesh Ambani
3 months, 3 weeks ago

Reliance AGM 2024: Reliance to build Gigawatt-scale, AI-ready data centres in Jamnagar, says Mukesh Ambani

India TV News  

Reliance AGM 2024: Reliance chairman Ambani on Thursday made a big announcement and said the Reliance will be building Gigawatt-scale, AI-ready data centres in Gujarat’s Jamnagar. We plan to establish gigawatt-scale AI-ready data centres in Jamnagar, powered entirely by Reliance’s green energy, reflecting our commitment to sustainability and a greener future.” He stated that the prime goal is to create …

Jio Financial Services hits ₹2 lakh crore market cap, a 1st: What's happening
10 months ago

Jio Financial Services hits ₹2 lakh crore market cap, a 1st: What's happening

Hindustan Times  

Jio Financial Services share: In a first, Jio Financial Services Ltd's market capitalisation exceeded ₹2 lakh crore driven by a 35 per cent surge in its share price this year while Reliance Industries hit a record high today. Reliance Industries is leading the list with a market cap of ₹20.05 lakh crore, followed by Tata Consultancy Services ₹14.78 lakh crore …

Tata Group companies to invest ₹2,300 crore in manufacturing hub in Karnataka
10 months ago

Tata Group companies to invest ₹2,300 crore in manufacturing hub in Karnataka

Live Mint  

Tata Group subsidiaries, Air India and Tata Advanced Systems, are set to invest ₹2,300 crore in Karnataka, towards establishing a Maintenance Repair and Overhaul facility in Bengaluru, envisioning the city as the aviation hub of South India, PTI reported on February 19. Air India's Ambitious Plans Air India, which will establish the MRO facility in Bengaluru with an investment of …

Mukesh Ambani-led Reliance Industries achieves market cap of ₹20 lakh crore
10 months, 1 week ago

Mukesh Ambani-led Reliance Industries achieves market cap of ₹20 lakh crore

Hindustan Times  

Mukesh Ambani-led Reliance Industries Limited became the first Indian company to achieve a market capitalisation of ₹20 lakh crore. Mukesh Ambani, chairman of Reliance Industries Limited, The market valuation of the company surged to ₹20,01,279.72 crore during the intra-day session and at close, the market capitalisation stood at ₹19,81,635.72 crore. On the NSE, shares of Reliance Industries rose nearly 1.89 …

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%
11 months, 1 week ago

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%

Live Mint  

Mukesh Ambani is once again a centibillionaire. The richest person in India — and in Asia — saw his wealth climb $2.8 billion to $101.8 billion Thursday, as shares of his flagship, Reliance Industries Ltd., rose 2.6% to close at a record high. The listing last year of Reliance’s financial services unit, Jio Financial Services Ltd., helped to broaden the …

Coimbatore attracts about ₹ 2,500 crores non-MSME investments at GIM 2024
11 months, 2 weeks ago

Coimbatore attracts about ₹ 2,500 crores non-MSME investments at GIM 2024

The Hindu  

The Tamil Nadu Global Investors Meet 2024, which concluded on January 8, 2024 in Chennai, will bring Coimbatore a handful of major investments — ₹ 750 crores by ZF Group in renewable energy sector, ₹ 1,000 crores by KGiSL Infrastructures in the Information Technology space, and ₹ 275 crores by Kumaraguru Institutions for a technology park. The non-MSME sector in …

Bengal receives worth Rs 3.76 lakh crore investment proposals at business summit
1 year, 1 month ago

Bengal receives worth Rs 3.76 lakh crore investment proposals at business summit

India TV News  

West Bengal has received investment proposals worth over Rs 3.76 lakh crore during the business summit that concluded today, informed Chief Minister Mamata Banerjee. Reliance to invest additional Rs 20,000-crore investment in Bengal Yesterday, Reliance Industries Chairman and MD Mukesh Ambani announced an additional Rs 20,000-crore investment for West Bengal over the next three years. We plan to invest an …

RIL invested ₹45,000 crore in West Bengal, additional Rs. 20,000 crore planned
1 year, 1 month ago

RIL invested ₹45,000 crore in West Bengal, additional Rs. 20,000 crore planned

Live Mint  

Reliance Industries has invested ₹45,000 crore in West Bengal and is further planning to invest additional Rs. 20,000 crore in the next three years, chairman Mukesh Ambani said at the 7th Edition of Bengal Global Business Summit in Kolkata. Ambani further said that Reliance Retail will also expand the number of retail stores from 1000 to 1200 within next two …

Mukesh Ambani’s Reliance Retail in talks to raise $2.5 billion: Report
1 year, 3 months ago

Mukesh Ambani’s Reliance Retail in talks to raise $2.5 billion: Report

Live Mint  

Indian billionaire Mukesh Ambani's Reliance Retail Ventures is in advanced talks with global investors to raise around $2.5 billion by the end of September, ahead of a potential stock market listing, people familiar with the matter told Reuters. Three sources said the target fund raise of $2.5 billion is part of a combined $3.5 billion target the firm has set …

RIL AGM 2023: Mukesh Ambani lists 5 goals that will fulfil dreams of 1.4 billion Indians
1 year, 3 months ago

RIL AGM 2023: Mukesh Ambani lists 5 goals that will fulfil dreams of 1.4 billion Indians

Firstpost  

At the 46th RIL AGM, Mukesh Ambani called the new Reliance ‘a new-age technology company. Today, we are a producer, deployer and democratiser of technology’ Mukesh Ambani, Chairman and Managing Director of Reliance Industries, on Monday listed out five goals that will fulfil the dreams of all 1.4 billion Indian. Speaking about his futuristic plans at the Reliance Industries Limited’s …

Ambani Scions Made Reliance Board Members
1 year, 3 months ago

Ambani Scions Made Reliance Board Members

Deccan Chronicle  

The Reliance Industries Limited held its 46th Annual General Meeting for its shareholders on Monday. Changes in Reliance Board Nita Ambani stepped down from the Board of Directors of Reliance Industries Limited, making way for children Isha, Akash and Anant to become the non-executive directors on the RIL Board. Key Takeaways Jio Financial Services was mini bonus for long-term RIL …

RIL AGM 2023: Reliance added 2.6 lakh jobs in FY23, says Mukesh Ambani
1 year, 3 months ago

RIL AGM 2023: Reliance added 2.6 lakh jobs in FY23, says Mukesh Ambani

Live Mint  

RIL AGM 2023: Reliance Industries Limited Chairman Mukesh Ambani, stated that Reliance had created 2.6 lakh new employment in the previous year. Reliance Industries has cumulatively invested more than $150 billion in the last 10 years, said Chairman Mukesh Ambani. Reliance Industries Chairman Mukesh Ambani congratulated all the scientists of ISRO on the success of the Chandrayaan 3 mission. The …

Mukesh Ambani’s Reliance Industries Limited may sell 8-10% stake in RRVL: Report
1 year, 3 months ago

Mukesh Ambani’s Reliance Industries Limited may sell 8-10% stake in RRVL: Report

Live Mint  

Ahead of the proposed IPO of Reliance Retail Ventures Ltd, Mukesh Ambani's RIIL is planning to sell an additional 8-10% stake in RRVL, reported Economic Times citing inputs from industry experts. On Thursday, Qatar Investment Authority announced an investment of ₹8,278 crores into Ambani's Reliance Retail Ventures Limited, a subsidiary of Reliance Industries Limited. Isha Mukesh Ambani, director, Reliance Retail …

Reliance seeks shareholder nod to appoint Mukesh Ambani as head for 5 more years
1 year, 4 months ago

Reliance seeks shareholder nod to appoint Mukesh Ambani as head for 5 more years

Hindustan Times  

Reliance Industries Ltd, India's most valuable company, has sought shareholder's approval to give Mukesh Ambani another five-year term as chairman and managing director of the company till 2029 -- a period during which he has opted to draw nil salary. In the special resolution posted to shareholders, Reliance said its Board of Directors on July 21, 2023 approved "re-appointed Mukesh …

Reliance seeks shareholder nod to appoint Mukesh Ambani as head for another 5 years at nil salary
1 year, 4 months ago

Reliance seeks shareholder nod to appoint Mukesh Ambani as head for another 5 years at nil salary

The Hindu  

Reliance Industries Ltd, India's most valuable company, has sought shareholder's approval to give Mukesh Ambani another five-year term as chairman and managing director of the company till 2029 — a period during which he has opted to draw nil salary. In a special resolution, Reliance sought the nod of shareholders to appoint Mr. Ambani as the head of the company …

Reliance Jio witnesses a remarkable growth with 90 lakh net subscriber additions in Q1 2023
1 year, 5 months ago

Reliance Jio witnesses a remarkable growth with 90 lakh net subscriber additions in Q1 2023

India TV News  

Jio Platforms has recorded a significant 12.5% year-over-year increase in net profit and reached up to Rs. During the reported quarter, Jio Platforms witnessed a net addition of over 90 lakh subscribers, with total data traffic soaring over 28% YoY to 33.2 billion gigabytes. Jio Platforms, which includes telecom arm Reliance Jio Infocomm and various startups, has seen significant progress …

Reliance Industries' Q4 profit sees 18% year-on-year jump at ₹21,327 crore
1 year, 8 months ago

Reliance Industries' Q4 profit sees 18% year-on-year jump at ₹21,327 crore

Hindustan Times  

Reliance Industries has posted an 18.3 per cent jump in its profit after tax to ₹21,327 crore for the quarter ended March 31, 2023, against ₹18,021 crore in the year-ago period. The company said it achieved a record annual consolidated profit after tax at ₹74,088 crore in FY23 against ₹65,009 crore in FY22, which is up 14 per cent year-on-year. …

Reliance to generate of 10 GW of renewable solar energy in AP: Ambani
1 year, 9 months ago

Reliance to generate of 10 GW of renewable solar energy in AP: Ambani

Deccan Chronicle  

Visakhapatnam: Reliance Industries chairman and managing director Mukesh Ambani vowed to invest in the generation of 10 gigawatts of renewable solar energy in Andhra Pradesh. Addressing the inaugural session of AP Global Investors Summit here on Friday, the Reliance industries head said that Andhra Pradesh was playing a crucial role in India’s economic growth. Ambani said that India had become …

Reliance to set up 10 gigawatt solar energy project in Andhra: Mukesh Ambani
1 year, 9 months ago

Reliance to set up 10 gigawatt solar energy project in Andhra: Mukesh Ambani

Hindustan Times  

Reliance Industries Chairman Mukesh Ambani on Friday said his group will be investing in Andhra Pradesh to set up a 10 gigawatt renewable solar energy project. Speaking at the inaugural session of the two-day Global Investors Summit 2023 here, Ambani said as much as ₹1.50 lakh crore was invested in Reliances’ KG-D6 assets, developing and supporting gas pipeline and the …

Reliance to invest ₹75,000 crore in Uttar Pradesh in 4 years: Mukesh Ambani
1 year, 10 months ago

Reliance to invest ₹75,000 crore in Uttar Pradesh in 4 years: Mukesh Ambani

The Hindu  

Reliance Industries Ltd will invest ₹75,000 crore in rolling out 5G mobile telephone services, expanding retail network and setting up renewable energy capacity in Uttar Pradesh in the next four years, its chairman Mukesh Ambani said on February 10. Speaking at the Uttar Pradesh Global Investors Summit 2023 here, Mr. Ambani said his group will set up 10 GigaWatts of …

Jio to complete 5G rollout across UP by Dec: Mukesh Ambani at investors' summit
1 year, 10 months ago

Jio to complete 5G rollout across UP by Dec: Mukesh Ambani at investors' summit

Hindustan Times  

Reliance Industries Limited managing director Mukesh Ambani on Friday announced Jio will complete its rollout of G to cover every town and village in Uttar Pradesh in 10 months -- by December 2023. Reliance Retail will revolutionise thousands of kiranas in the state," Ambani said enumerating Reliance's commitment to Uttar Pradesh at the Global Investors' Summit 2023 in Lucknow. Reliance …

UP Global Investors Summit 2023: Divide between 'urban India, rural Bharat' closing, says Mukesh Ambani
1 year, 10 months ago

UP Global Investors Summit 2023: Divide between 'urban India, rural Bharat' closing, says Mukesh Ambani

India TV News  

UP Global Investors Summit 2023 : Mukesh Ambani, chairman and managing director of Reliance Industries said that the regional imbalances are fast disappearing in India while the divide between 'urban and rural India' is also closing. The divide between urban India and rural Bharat is also closing," Ambani said, speaking at the inaugural ceremony of the ongoing three-day UP Global …

After telecom and retail, what is Mukesh Ambani’s next big plan?
1 year, 11 months ago

After telecom and retail, what is Mukesh Ambani’s next big plan?

Live Mint  

Mukesh Ambani, the billionaire chairman of Reliance Industries Ltd., will be focusing his attention on the Indian conglomerate’s pivot to green energy, according to people familiar with the matter, after putting his children in charge of other businesses. Asia’s second-richest man is known for his single-minded focus on key pursuits: In the 1990s he lived for months in shipping containers …

‘$40 trillion economy by 2047’: Mukesh Ambani says India a ‘shining spot’
1 year, 11 months ago

‘$40 trillion economy by 2047’: Mukesh Ambani says India a ‘shining spot’

Hindustan Times  

India can become a $40 trillion economy by 2047 when it will mark the centenary of independence, Reliance Industries' chairman Mukesh Ambani said at his father Dhirubhai Ambani's birth anniversary, also celebrated as Reliance Family Day. Mukesh Ambani speaking at Dhirubhai Ambani's birth anniversary, also celebrated as Reliance Family Day. Read| Ambani's ‘target setup’ for his 3 children in succession …

Mukesh Ambani completes 20 years at helm of Reliance
1 year, 11 months ago

Mukesh Ambani completes 20 years at helm of Reliance

The Hindu  

Mukesh Ambani, who took over the reins of Reliance Industries Ltd after the sudden demise of his legendary industrialist father Dhirubhai Ambani, completes 20 years at the helm during which the company saw a 17-fold jump in revenues, 20-times surge in profit and has become a global conglomerate. In 20 years that Stanford University-drop out Mr. Mukesh, 65, has been …

With Mukesh Ambani as chairman for 20 yrs, Reliance....
1 year, 11 months ago

With Mukesh Ambani as chairman for 20 yrs, Reliance....

Hindustan Times  

Reliance Industries Chairman and Managing Director Mukesh Ambani has completed two decades at the helm of Reliance Industries in 2022. Among the several achievements, RIL's market capitalisation grew at an annualised rate of 20.6 per cent in the last 20 years from ₹41,989 crore in March 2002 to ₹17,81,841 crore in March 2022. Reliance's total assets grew at an annualised …

Reliance Jio formally launches 5G services, launch JioTrue5G powered WiFi services in Nathdwara
2 years, 2 months ago

Reliance Jio formally launches 5G services, launch JioTrue5G powered WiFi services in Nathdwara

Firstpost  

Under the Jio True5G Welcome Offer, customers with invitation only will get access to 5G service during the beta trial and be able to access unlimited data up to 1 gigabit per second. On October 1, after Prime Minister Narendra Modi launched the 5G telephony services that promise to provide ultra-high-speed internet on mobile phones, Mukesh Ambani said Reliance Jio, …

Mukesh Ambani prepares to hand a $220 billion empire to his children
2 years, 3 months ago

Mukesh Ambani prepares to hand a $220 billion empire to his children

CNN  

New Delhi CNN Business — Indian billionaire Mukesh Ambani has laid out plans to hand his sprawling business empire to his children, while insisting he has no intention of retiring any time soon. Ambani, 65, set out his succession plan on Monday, telling shareholders in his Reliance Industries conglomerate that his three children are “first among equals” and are being …

Reliance AGM 2022 Highlights: Jio 5G In Mumbai, Delhi, Kolkata, Other Metros by Diwali; RIL to Set Up New Gigafactory in Power Electronics
2 years, 3 months ago

Reliance AGM 2022 Highlights: Jio 5G In Mumbai, Delhi, Kolkata, Other Metros by Diwali; RIL to Set Up New Gigafactory in Power Electronics

News 18  

RIL AGM 2022 LIVE Updates: Jiomart on WhatsApp to Revolutionise Business, says Reliance The JioMart on WhatsApp experience will revolutionize the way millions of businesses across the country connect with their consumers while bringing unparalleled simplicity and convenience to people’s shopping experience, said Reliance in a press release RIL 45th AGM Live Updates: Mukesh Ambani Sets Big Target Mukesh Ambani: …

RIL AGM 2022: Reliance Plans to Accelerate Rs 75,000-Crore Investment in New Energy, Says Mukesh Ambani
2 years, 3 months ago

RIL AGM 2022: Reliance Plans to Accelerate Rs 75,000-Crore Investment in New Energy, Says Mukesh Ambani

News 18  

RIL AGM 2022: Reliance Industries Chairman Mukesh Ambani on Monday said the company will establish 20 gigawatts of solar energy generation capacity by 2025 and 100 GW by 2030. Addressing the company’s 45th annual general meeting, RIL Chairman Mukesh Ambani said, “Reliance’s captive energy requirement across businesses provides us with a large base-load demand to support our plans to set …

Mukesh Ambani’s Reliance Industries will hold AGM on August 29: Check details
2 years, 4 months ago

Mukesh Ambani’s Reliance Industries will hold AGM on August 29: Check details

Live Mint  

The 44th Annual General Meeting of Reliance Industries will take place on August 29, 2022. Billionaire Mukesh Ambani's RIL announced a 46% increase in net profit for the June quarter in July, thanks to record oil refining earnings as well as booming telecom and retail operations. According to a statement from the company, the oil, retail, and telecom conglomerate's consolidated …

Reliance Jio Q1 results: Net profit jumps nearly 24% to ₹4,335 crore
2 years, 5 months ago

Reliance Jio Q1 results: Net profit jumps nearly 24% to ₹4,335 crore

Live Mint  

Telecom giant, Reliance Jio registered a net profit of ₹4,335 crore in the quarter ending June 30, 2022 compared to a PAT of ₹3,501 crore in the same quarter last year - recording a growth of 23.82%. As of June 30, 2022, the company's net worth is around ₹2,02,132 crore compared to ₹1,86,475 crore as of June 2021. During the …

Bengal investors' summit concludes: 137 MoUs signed, over 3.4 lakh crore investment in proposals
2 years, 8 months ago

Bengal investors' summit concludes: 137 MoUs signed, over 3.4 lakh crore investment in proposals

India Today  

A two-day annual business meet concluded on Thursday with a huge response from industrialists from all across the globe. West Bengal Chief Minister Mamata Banerjee, while speaking at the Bengal Global Business Summit closing ceremony stated, "I am told 4,300 participants across the world attended the BGBS conference". Mamata Banerjee stated, "This year’s BGBS meet will generate 40 lakh jobs …

Adani vows to invest Rs.10K crore in Bengal over next 10 years
2 years, 8 months ago

Adani vows to invest Rs.10K crore in Bengal over next 10 years

Deccan Chronicle  

Kolkata: In a first, top industrialist Gautam Adani on Wednesday pledged to invest over Rs 10,000 crores in West Bengal to create more than 25,000 jobs across various sectors in the next 10 years. The Adani Group investment in Bengal will expand in world-class infrastructure, a state-of-the-art data centre and undersea cable that will connect them across the ocean, centres …

20 to 30 Companies in Energy, Tech Space to Grow as Big as Reliance in 10-20 Years: Mukesh Ambani
2 years, 10 months ago

20 to 30 Companies in Energy, Tech Space to Grow as Big as Reliance in 10-20 Years: Mukesh Ambani

News 18  

Mukesh Ambani, chairman and managing director of Reliance Industries Limited, batted for young entrepreneurs to make India a superpower in green energy. Ambani predicted that there will be 20 to 30 new Indian companies in the energy and tech space that will grow as big as Reliance, if not bigger, in the next 10-20 years. Similarly, India’s clean and green …

Ambani eyes $3 billion equity raise for green power
2 years, 10 months ago

Ambani eyes $3 billion equity raise for green power

Live Mint  

MUMBAI : Reliance Industries Ltd has initiated talks with global investors to raise as much as $3 billion in equity to fuel its ambitious plans for the renewable energy business, said two people directly aware of the matter. Reliance Industries’ plans echo those of other global oil firms such as Royal Dutch Shell, Eni Spa and BP Plc, who have …

RIL AGM 2021 highlights: 7 major takeaways from Mukesh Ambani’s speech
3 years, 6 months ago

RIL AGM 2021 highlights: 7 major takeaways from Mukesh Ambani’s speech

Live Mint  

Reliance Industries Limited, India’s most valuable company, apprised its investors of developments including its 5G rollout plan, a cheaper smartphone being developed with Google, and other initiatives for a greener future at its 44th Annual General Meeting. RIL AGM 2021: These are the major highlights Saudi Aramco deal to formalise this year Reliance Industries Ltd said on Thursday it hopes …

RIL AGM: ’Jio is not just working to make India 2G-mukt, but also 5G-yukt’, says Mukesh Ambani
3 years, 6 months ago

RIL AGM: ’Jio is not just working to make India 2G-mukt, but also 5G-yukt’, says Mukesh Ambani

Live Mint  

Reliance Industries' Chairman Mukesh Ambani made major announcements at the company's 44th Annual General Meeting today. I am confident that Reliance Retail is on a hyper growth trajectory to grow at least 3x in the next 3-5 years: Mukesh Ambani -Talking about Reliance Retail, Ambani says that the company added 1,500 new stores, which is amongst the largest retail expansion …

Reliance Continued Its Growth Plans Despite Covid, Now Has Strong Balance Sheets: Mukesh Ambani
3 years, 6 months ago

Reliance Continued Its Growth Plans Despite Covid, Now Has Strong Balance Sheets: Mukesh Ambani

News 18  

Reliance Industries Chairman Mukesh Ambani said India would emerge stronger from the Covid-19 pandemic with the help of collective efforts from all sectors. In the company’s latest annual report released on Wednesday, he said the company sold minority stakes in Jio Platforms – the unit that houses its telecom and digital business – and retail arm for almost Rs 2 …

After record fund raising, Mukesh Ambani says Reliance now has strong balance sheet to support growth
3 years, 6 months ago

After record fund raising, Mukesh Ambani says Reliance now has strong balance sheet to support growth

India TV News  

After record fund raising, Reliance Industries Ltd now has a strong balance sheet with high liquidity that will support growth plans for its three hyper-growth engines, Jio, Retail and Oil-to-Chemicals, according to the firm's Chairman and Managing Director Mukesh Ambani. In the company's latest annual report released on Wednesday, he said the company sold minority stakes in Jio Platforms -- …

Indian billionaire Mukesh Ambani may hold the winning ticket in tech and Silicon Valley knows it
3 years, 11 months ago

Indian billionaire Mukesh Ambani may hold the winning ticket in tech and Silicon Valley knows it

CNN  

Mukesh Ambani has spent years trying to turn hisinherited oil businessinto a tech empire. He’s doing that with JioMart, an initiative announced in 2019 to bring online thousands of India’s mom-and-pop stores known as “kiranas.” And Reliance Retail recently acquired one of its biggest Indian rivals, Future Retail, for $3.3 billion — a deal that has kicked off a protracted …

Jio 5G to Launch in India by Late 2021: Mukesh Ambani at India Mobile Congress 2020
4 years ago

Jio 5G to Launch in India by Late 2021: Mukesh Ambani at India Mobile Congress 2020

News 18  

Jio 5G will launch in India in the second half of 2021, said Reliance Industrial chairman and managing director, Mukesh Ambani, at his keynote during the inauguration of India Mobile Congress 2020. During the keynote, Ambani introduced to Prime Minister Narendra Modi his “four ideas” that can help in India’s digital transformation, and at the centre of this was the …

Google-Jio deal: CCI clears Google picking up 7.73% stake in Jio Platforms for ₹33,737 cr
4 years, 1 month ago

Google-Jio deal: CCI clears Google picking up 7.73% stake in Jio Platforms for ₹33,737 cr

Live Mint  

The Competition Commission of India has said that it has approved Google picking up 7.73% stake in Mueskh Ambani-led Jio Platforms for ₹33,737 crore, facilitating the internet major and Jio Platforms Ltd to develop and launch Android smartphones in India. Taking to Twitter, the watchdog wrote, "Commission approves acquisition of 7.73% equity share capital of Jio Platforms by Google." 14th …

Higher telecom and retail revenues cushion Reliance Industries in Q2
4 years, 1 month ago

Higher telecom and retail revenues cushion Reliance Industries in Q2

Live Mint  

Mukesh Ambani-led Reliance Industries on Friday beat estimates as it posted consolidated net profit at ₹9,567 crore for the second quarter ended September. On Friday, Reliance’s retail arm reported revenue of ₹41,100 crore crore in the September quarter, on par with the revenue reported in the year-ago period but improving from the ₹31,620 crore reported in the June 2020 quarter …

As ADIA Joins the Spree with Rs 5,512.5 Cr Investment, Here's How RIL Achieved Eight Deals in Four Weeks
4 years, 2 months ago

As ADIA Joins the Spree with Rs 5,512.5 Cr Investment, Here's How RIL Achieved Eight Deals in Four Weeks

News 18  

Abu Dhabi Investment Authority will invest Rs 5,512.5 crore in Mukesh Ambani-controlled Reliance Industries into its retail division, the latest in a string of such investments in recent weeks. “With this investment, RRVL has raised Rs 37,710 crore from leading global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA in less than four weeks,” the statement …

Abu Dhabi State Fund Mubadala to Invest Rs 6,247.5 Crore in Reliance Retail for 1.4% Stake
4 years, 2 months ago

Abu Dhabi State Fund Mubadala to Invest Rs 6,247.5 Crore in Reliance Retail for 1.4% Stake

News 18  

Abu Dhabi state fund Mubadala Investment Co will invest Rs 6,247.5 crore to secure 1.4 percent in the retail unit of Reliance Industries as investor interest in the Indian company surges. This latest investment — with Silver Lake’s co-investors and General Atlantic, the fifth in three weeks — values Reliance Retail at a pre-money equity value of Rs 4.285 lakh …

Today's top business news: Stocks choppy, Walmart looking at up to $25 billion investment in Tata Group's 'super app', economic risks of a second coronavirus wave, and more
4 years, 2 months ago

Today's top business news: Stocks choppy, Walmart looking at up to $25 billion investment in Tata Group's 'super app', economic risks of a second coronavirus wave, and more

The Hindu  

The benchmark stock indices have opened the day on a positive note on the back of favorable global cues. Meanwhile, international oil benchmark Brent crude was trading 0.44 per cent lower at USD 42.68 per barrel. Reuters reports: "Walmart Inc is in talks with Tata Group for a potential investment of up to $25 billion in the Indian salt-to-software conglomerate's …

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