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Business | Jul 15, 2020, 09:29 AM
Reliance 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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Business | Jul 14, 2020, 11:43 PM
India’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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World | Jul 13, 2020, 08:06 AM
After 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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India | Jul 10, 2020, 11:03 PM
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. 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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Business | Jul 03, 2020, 09:06 AM
With 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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Business | Jun 25, 2020, 09:39 AM
Calling 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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Business | Jun 23, 2020, 09:19 PM
Richest 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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Business | Jun 22, 2020, 11:29 AM
Reliance 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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Business | Jun 19, 2020, 10:08 AM
Reliance 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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Business | Jun 16, 2020, 12:21 PM
Ambani'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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Business | Jun 14, 2020, 10:59 AM
Reliance 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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Business | Jun 14, 2020, 12:24 AM
Reliance 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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Business | Jun 14, 2020, 12:51 AM
Global 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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Business | Jun 11, 2020, 12:38 PM
Billionaire 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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Business | Jun 05, 2020, 11:09 AM
Mukesh 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.
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Business | Jun 05, 2020, 08:58 AM
With this investment, Mukesh Ambani's Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors, including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala, in less than six weeks.
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Business | Jun 04, 2020, 10:58 AM
Reliance Industries mega Rs 53,124 crore rights issue is the largest in the world by a non-financial issuer in the last 10 years, an analyst said. Oil-to-telecom conglomerate Reliance Industries Ltd's rights issue opened for the subscription of shareholders on May 20 and will close on Wednesday.
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Brand Content | Jun 02, 2020, 08:25 PM
The Mukesh Ambani-led Reliance Industries has received a resounding response to its Rs 53,124 crore RIL rights issue. The country's largest-ever fundraising initiative got oversubscribed 1.1 times on June 1, 2020, with two more days to go.
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Business | May 31, 2020, 12:27 PM
Riding on the Rs 1.3 lakh crore in aggregate fund raising in the last few weeks, Reliance Industries is expected to repay its entire reported net debt even if the Saudi Aramco deal is delayed, a brokerage report said.
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Business | May 27, 2020, 02:57 PM
Anant Ambani, the youngest son of Mukesh Ambani, has formally joined the Reliance Industries's digital venture Jio Platforms as an additional director. RIL's Jio Platforms has been in the news for the past few weeks as it received billions of dollars of investment from Facebook, KKR, Vista and others.