Bloomberg's ranking of the world’s richest families is out and has revealed how heirs at the top of the list are watching their fortunes grow by millions of dollars every hour. The Walton family of Walmart is the richest family in the world, with a total family wealth of $191 billion, according to Bloomberg’s most recent financial report.
Domestic equity benchmark BSE Sensex surged over 200 points in early trade on Tuesday, dragged by losses in index heavyweights HDFC twins, Infosys and ITC, amid weak global cues. However, Reliance Industries (RIL) shared capped the losses on the index by rallying over 8 per cent, a day after its 42nd Annual General Meet (AGM).
British energy giant BP will pay about Rs 7,000 crore for acquiring a 49 per cent stake in Reliance Industries' fuel retailing network, billionaire Mukesh Ambani said on Monday.
Mukesh Ambani on Monday announced a deal with Saudi oil giant Aramco, which is highest FDI in India till date. Addressing shareholders at RIL AGM 2019, Ambani said Saudi Aramco has agreed to take a 20 per cent stake in his flagship Reliance Industries' oil refinery and chemical business.
Billionaire Mukesh Ambani's Reliance Industries Ltd plans to produce only jet fuel and petrochemicals at its mega Jamnagar refinery complex as it implements an oil-to-chemical strategy that will eliminate most fuels it produces in favour of high value products.
In the biggest single-day drop posted by US stocks this year, the world's richest man, Amazon founder Jeff Bezos saw the steepest decline of $3.43 billion.
Reliance was previously in talks with China's Alibaba to sell a stake in Reliance Retail, but a deal could not be sealed due to differences in valuation.
Market benchmark BSE Sensex rose by 234 points to close at 39,131.04 on Tuesday, extending gains for the second straight day as Reliance Industries, Yes Bank, Larsen & Toubro and Infosys advanced.
Reliance Industries top officials on Saturday met Himachal Pradesh Chief Minister Jai Ram Thakur here over setting up of mobile assembly facilities. The company is also looking to invest in agro-horticulture produce, Jio networking, sports and tourism in the state, a spokesperson for the government told IANS.
The market capitalisation (m-cap) of TCS soared by Rs 41,914.13 crore to reach Rs 7,62,015.52 crore.
HDFC's valuation took a beating of Rs 1,501.96 crore to reach Rs 3,38,933.58 crore and that of ITC fell by Rs 1,469.63 crore to Rs 3,43,832.17 crore.
The blaze erupted in the PBR2 (polybutadiene rubber) plant in Vadodara, the company said in a statement.
Mukesh Ambani now the 11th richest man in world, the increase in Ambani's total wealth is primarily due to the superb performance of Reliance Industries' shares.
Oil Minister Dharmendra Pradhan on Friday said the government will file an appeal in High Court against a ruling by an international tribunal which rejected its USD 1.55 billion claims against Reliance Industries for allegedly siphoning gas from fields operated by state-owned ONGC
Shares of RIL surged 2.75 per cent to Rs 1,181.35 on Tuesday, while the shares of TCS fell by 0.79 per cent to Rs 1,929.55.
Reliance Industries shares hit an all-time high, breaching the 100-billion dollar mark for market capitalisation, a feat achieved by the company only once before in 2007
Ambani has been appointed for a period of five years, which commences from April 19, 2019.
Ambani said that the ultra-high speed fixed line broadband services will be launched for homes and enterprises.
Reports suggest Ambani might announce the commercial launch of wired broadband service JioFiber and its price plans.
The pre-engagement party of Akash, the eldest son of Reliance Industries chairman, witnessed Bollywood stars like Shah Rukh Khan, wife Gauri, Priyanka Chopra, Alia Bhatt, Ranbir Kapoor, Karan Johar and several others in attendance.
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