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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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Mukesh Ambani now world's 5th RICHEST! Here's the Top 10 List, and their net worth
Business | Jul 22, 2020, 09:01 PM ISTBillionaire Mukesh Ambani is now the world's fifth-richest man. The Real-Time Billionaires List by Forbes Magazine shows Ambani, the chairman of oil-to-conglomerate Reliance Industries, at the fifth position, just below Facebook's Mark Zuckerberg.
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Reliance launches 5G network - blazing fast internet speed
Technology | Jul 16, 2020, 10:40 PM ISTReliance is all set to tranform lives with consumer application of 5G stack that they claim would connect everything - digitise ecosystem, upscaling workforce - once spectrum is available in India.
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RIL AGM 2020: 'Reliance achieved net debt free balance sheet', says Mukesh Ambani
Technology | Jul 15, 2020, 07:00 PM ISTReliance Industries' Chairman Mukesh Ambani during Annual General Meeting 2020 announced that company has achieved net debt free balance sheet.
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Jio developed 5G from scratch, can be ready for field deployment next year: Mukesh Ambani
Technology | Jul 15, 2020, 07:00 PM ISTReliance Industries Chairman Mukesh Ambani said that Jio has developed a complete 5G solution from scratch.
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Reliance Jio announces home-grown 5G solution, Google to Invest Rs 33,737 Cr in Jio for 7.7% Stake
Business | Jul 15, 2020, 11:18 PM ISTMukesh Ambani rolled out a series of big-bang announcements, including Google’s investment into Jio Platforms unit and development of an affordable smart phone in partnership with the search engine giant.
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Reliance's 43rd AGM today:Where to watch Mukesh Ambani’s speech
Business | Jul 15, 2020, 09:29 AM ISTReliance Industries, India's most valuable company, will hold its first online AGM today and it promises to be a much bigger affair with a brand-new virtual platform that can log more than 1 lakh shareholders from 500 locations simultaneously.
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Mukesh Ambani beats Elon Musk and Google founders to become World's 6th richest person
Business | Jul 14, 2020, 11:43 PM ISTIndia’s richest man Mukesh Ambani's wealth has now surpassed the net worths of Silicon Valley tech titan Elon Musk as well as Alphabet Inc. co-founders Sergey Brin and Larry Page to become the world’s sixth-richest person.
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Elon Musk surpasses Warren Buffett on world's richest people ranking list
World | Jul 13, 2020, 08:06 AM ISTAfter Elon Musk's net worth rose $6.1 billion on Friday, the Tesla founder became the world's seventh-richest person in the world, according to the Bloomberg Billionaires Index.
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Mukesh Ambani world's 7th richest, overtakes Warren Buffet
India | Jul 10, 2020, 11:03 PM ISTReliance Industries (RIL) Chairman Mukesh Ambani has become the seventh richest person in the world overtaking Warren Buffet, one of the most successful investors globally, according to the Forbes Real Time Billionaires Index. Reliance Industries (RIL) Chairman Mukesh Ambani has become the seventh richest person in the world overtaking Warren Buffet, one of the most successful investors globally, according to the Forbes Real Time Billionaires Index.
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Intel-Jio Deal: US semiconductor giant invests Rs 1,894.5 crore in Jio Platforms for 0.39% stake
Business | Jul 03, 2020, 09:06 AM ISTWith this investment, Jio Platforms has raised Rs 117,588.45 crore from leading technology investors including Facebook, which bought a 9.99 percent stake for Rs 43,574 crore on April 22, Silver Lake Partners (two investments), Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, PIF and Intel.
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Mike Pompeo calls Mukesh Ambani's Reliance Jio 'clean telco', says Chinese Huawei deals evaporating
Business | Jun 25, 2020, 09:39 AM ISTCalling Orange in France, Jio in India and Telstra in Australia as 'clean telcos' for refusing to do business with firms from China, US Secretary of State Mike Pompeo has claimed that Chinese tech giant Huawei’s deals with telecommunications operators around the world are “evaporating”.
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Mukesh Ambani keeps salary capped at Rs 15 crore in FY20; forgoes remuneration from current year
Business | Jun 23, 2020, 09:19 PM ISTRichest Indian Mukesh Ambani kept his annual salary from his flagship firm Reliance Industries capped at Rs 15 crore for 12th year on the trot in the fiscal ended March 31 and has decided to forego the entire remuneration from the current year in view of the COVID-19 pandemic.
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Mukesh Ambani's Reliance Industries becomes first Indian firm to hit USD 150 bn m-cap
Business | Jun 22, 2020, 11:29 AM ISTReliance Industries raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm's digital arm, Jio Platforms, and another Rs 53,124.20 crore through a rights issue in the past 58 days.
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Reliance now 'debt-free', Ambani says 'fulfilled my promise before schedule'
Business | Jun 19, 2020, 10:08 AM ISTReliance Industries Ltd (RIL) net-debt was ₹ 161,035 crore, as on 31st March 2020. The company has raised ₹115,693.95 crore from 10 tech investors and ₹ 53,124.20 crore from RIL's rights issue.
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Next leg of RIL debt-reduction to be driven by strong cashflow from energy business: Report
Business | Jun 16, 2020, 12:21 PM ISTAmbani's oil-to-telecom conglomerate has announced the sale of about USD 14 billion of assets, completed a USD 7 billion rights issue, and slowed the run rate of new investment by a quarter.
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L Catterton invests Rs 1,895 crore in Reliance Jio Platforms
Business | Jun 14, 2020, 10:59 AM ISTReliance Industries Limited (RIL) and Jio Platforms Limited, Indias leading digital services platform, on Saturday announced an investment of Rs 1894.50 crore by L Catterton, one of the worlds largest consumer focused private equity firms.
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Jio Platforms sell 0.39% stake to Consumer PE fund L Catterton for Rs 1,895 crore
Business | Jun 14, 2020, 12:24 AM ISTReliance Industries Limited (RIL) and Jio Platforms Limited, India's leading digital services platform, on Saturday announced an investment of Rs 1894.50 crore by L Catterton, one of the worlds largest consumer focused private equity firms.
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Jio Platforms sell 1.32% stake to TPG, L Catterton; raises Rs 1.04 lakh cr from global investments
Business | Jun 14, 2020, 12:51 AM ISTGlobal alternative asset firm TPG and consumer focused private equity firms L Catterton on Saturday bought 0.93 per cent and 0.39 per cent stake in Jio Platforms, investing a total of Rs 6,441 crore.
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Mukesh Ambani gets 5.52 lakh shares in Reliance rights issue
Business | Jun 11, 2020, 12:38 PM ISTBillionaire Mukesh Ambani has got 5.52 lakh shares of his flagship firm Reliance Industries (RIL) in the just-concluded Rs 53,124 crore rights issue, according to the company's regulatory filing on Thursday.
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A timeline of Reliance Jio's Rs 87,655 crore investment in 6 weeks
Business | Jun 05, 2020, 11:09 AM ISTMukesh Ambani's Reliance Jio has received an investment worth whooping Rs 87,655 crore in the last 6 weeks. The most recent of the lot came in face of Rs 9,093 crore invested by Abu Dhabi based Mubadala investment company. Mubadala's investment in Reliance Jio will translate into 1.85 per cent equity state.