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Mukesh Ambani
Mukesh Dhirubhai Ambani is an Indian business tycoon. He is the chairman, managing director and the largest shareholder of Reliance Industries Limited (RIL). Since 1981, he started working alongside his father Dhirubhai Ambani in their family business, Reliance. RIL deals mainly in petrochemicals, refining and in the oil and gas sectors. Over the years, the business has expanded to provide products and services like Retail Markets and Telecommunications. In the country’s telecommunication services, Reliance’s Jio has earned a top five spot. It was launched on September 5, 2016. On the Forbes magazine's list for the past ten years, Ambani has consistently held the title of being India's richest person. As of January 2018, by Forbes, he was ranked as the 18th-wealthiest person in the world. With a net worth of $44.3 billion in July 2018, he surpassed Jack Ma, executive chairman of Alibaba Group, to become Asia's richest person. Outside North America and Europe, he is also the wealthiest person in the world. He also owns the Indian Premier League franchise Mumbai Indians. At the Antilia Building, Ambani resides. With its value reaching $1 billion, it is one of the world's most expensive private residences. Early life: Mukesh was born in Aden, Yemen. He was brought up in Mumbai, India. In the early 1970s, in Chemical Engineering, he received his degree from the Institute of Chemical Technology.
Mukesh Ambani
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Reliance Jio becomes first telco to cross 40 crore subscribers mark
Business | Oct 13, 2020, 04:42 PM ISTMukesh Ambani-owned Reliance Jio has become the first mobile service provider in the country to cross 40 crore customers mark.
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Forbes India Rich List 2020 | Mukesh Ambani remains richest Indian for 13th year
Business | Oct 08, 2020, 01:43 PM ISTAmid the Covid-19 pandemic which hit India hard and led to a sharp economic contraction, half of the nation's 100 richest on the 2020 Forbes India Rich List saw gains. Their collective net worth rose 14 per cent to $517.5 billion from a year earlier, even as the benchmark BSE Sensex stock index remained flat from a year ago.
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AI will expand capacity to solve India's pressing problems: Mukesh Ambani
India | Oct 06, 2020, 08:00 AM ISTReliance Industries Ltd (RIL) Chairman Mukesh Ambani said on Monday that AI and other associated technologies of the 4th Industrial Revolution will vastly expand the capacity to solve most complex and pressing problems before India and the world.
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Need sound data regulation to ensure data privacy: Mukesh Ambani
Business | Oct 05, 2020, 10:55 PM ISTBillionaire Mukesh Ambani on Monday pitched for the government framing new regulation to protect data and ensure data privacy, saying nations will increasingly compete on digital capital in the coming decades.
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Hurun India Rich list 2020: Mukesh Ambani tops for 9th consecutive year | Check top 10 billionaires
Business | Sep 29, 2020, 02:19 PM ISTIIFL Wealth Hurun India Rich List 2020: Reliance Industries MD and chairman Mukesh Ambani continues to be the richest Indian for the ninth consecutive year on Hurun India Rich List 2020 with Rs 6,58,400 crore of personal wealth.
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Mukesh Ambani's RIL becomes first Indian firm to cross $200 billion M-cap: All you need to know
Business | Sep 11, 2020, 06:03 PM ISTIndustrialist Mukesh Ambani's Reliance Industries Limited (RIL) has become India's first company to cross $210 billion market cap, entering the top 40 of worlds most valuable firms. At this market valuation, Reliance Industries is now worlds 40th most valuable firm ahead of the likes of Exxon Mobil, PepsiCo, SAP, Oracle, Pfizer and Novartis.
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Mukesh Ambani's Reliance offers Amazon $20 billion stakes in retail arm: What we know
Sep 10, 2020, 03:10 PM ISTReliance Industries is offering to sell about $20 Billion in its retail business to Amazon. The e-commerce retailer held discussions about investing in Mukesh Ambani's company and has expressed interest in negotiating a potential transaction.
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Reliance-Future deal: What the future holds for India's retail sector
Business | Aug 31, 2020, 11:09 AM ISTWith Future Retail takeover Reliance Retail now consolidated its position in Retail Space. Now Reliance Retail has entered into Upmarket, Metro and Malls. Future Retail has a good presence in these areas.
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Reliance Industries buys Future Group business for Rs 24,713 crore
Business | Aug 29, 2020, 10:15 PM ISTIndustrialist Mukesh Ambani's Reliance Industries Ltd on Saturday announced the acquisition of Future Group businesses for Rs 24,713 crore to add to its fast-expanding retail business and bolster e-commerce to take on the competition from Amazon.com.
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Jeff Bezos becomes world's first $200 billionaire. Check Top 10 List
Business | Aug 27, 2020, 11:23 AM ISTAmazon founder Jeff Bezos has become the world's first-ever $200 billionaire. Well, you may that the world's richest person is wealthier than he's ever been. His net worth cleared the record $200 billion mark on Wednesday when shares of his online shopping company reached $3,403.64.
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Battle of billionaires: Mukesh Ambani's Reliance and Jeff Bezos's Amazon set to clash on e-pharma
Business | Aug 17, 2020, 09:26 AM ISTThe next big battle of billionaires Mukesh Ambani and Jeff Bezos is set to be on the e-pharma front. According to a report in the Live Mint, both the companies are looking to diversify into the e-pharma segment.
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COVID-19 most disruptive event in modern history: Mukesh Ambani
Business | Aug 15, 2020, 09:44 PM ISTThe COVID-19 is the most disruptive event in the modern history and a 'cooperative and collaborative' effort is needed at the global level in the fight against the pandemic, Reliance Industries chairman Mukesh Ambani said during the launch of a book on coronavirus on Saturday.
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ByteDance in talks with Mukesh Ambani's Reliance for investment in TikTok
Business | Aug 13, 2020, 11:07 AM ISTChina's ByteDance is in early talks with Mukesh Ambani's Reliance Industries Ltd for investment in its video-based app TikTok's business in India, according to TechCrunch. The report said the two companies began conversations late last month. However, they have not reached a deal yet.
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Mukesh Ambani, 4th richest person in the world, lesser known facts
Aug 11, 2020, 11:06 PM ISTBillionaire Indian industrialist Mukesh Ambani has become the 4th richest person in the world. Above him, the top 3 positions are currently dominated by Jeff Bezos, Bill Gates, and Mark Zuckerberg. Here are some interesting facts about Mukesh Ambani.
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Saudi Aramco chasing $15 billion deal with Mukesh Ambani's Reliance: What we know
Business | Aug 10, 2020, 01:36 PM ISTSaudi Aramco is still chasing a deal to buy a $15 billion stake in Reliance Industries' refining and chemicals business, according to a Bloomberg report. While Aramco is a major supplier of crude to India, Reliance sells petroleum products, including gasoline, to the kingdom.
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Mukesh Ambani is now 4th richest man in world. Full list of top 10 billionaires, and their net worth
Business | Aug 08, 2020, 01:50 PM ISTBillionaire Mukesh Ambani is now the world's fourth-richest man. The Bloomberg Billionaires Index showed Ambani, the chairman of oil-to-telecom conglomerate Reliance Industries, in the fourth position.
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Steps should be taken to scrap 2G: Mukesh Ambani
News | Jul 31, 2020, 09:46 PM ISTReliance Industries Ltd Chairman Mukesh Ambani on July 31 extended his congratulations to Department of Telecommunications and Cellular Operators Association of India for commemorating the silver jubilee of mobility in India.
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Mukesh Ambani calls for urgent policy measures to do away with 2G
Business | Jul 31, 2020, 04:51 PM ISTReliance Industries Chairman Mukesh Ambani on Friday called for urgent policy measures to move away from 2G service, which started 25 years ago, and make it a "part of history".
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Mukesh Ambani's Reliance Industries market valuation crosses Rs 14 lakh cr-mark
Business | Jul 24, 2020, 03:29 PM ISTReliance Industries’ market valuation crossed Rs 14 lakh crore-mark on Friday as its stock rallied over 4 per cent to scale its fresh peak.
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Mukesh Ambani's RIL enters into list of World's 50 most valued companies
Business | Jul 23, 2020, 07:57 PM ISTMukesh Ambani has good news coming his way almost every day it seems. Just a day after he became 5th richest man in the world, Reliance Industries Limited broke into 50 most valued companies in the world.