Page 17 - Mukesh Ambani

This Gulf fund is considering additional investments of $600 mn in RRVL

ADIA already holds a 1.20 per cent stake in Reliance Retail Ventures Limited (RRVL), which it bought in October 2020 for Rs 5,512.50 crore ($751 million)

Ambani's children will get no salary, only fee for attending board meetings

His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm

RIL seeks postal ballot vote for Ambani third-gen's board appointment

In August, the company's board had approved the proposal of the three appointments, seen by many as the start of succession

Ambani's Viacom18 to strike deal with Blackstone for new Mumbai HQ

Viacom, which runs TV channels and digital streaming platform JioCinema, competes with the likes of Walt Disney in India

Reliance Retail in talks to raise $1.5 billion from existing investors

The talks are a part of the company's internal target to raise $3.5 billion by the end of September this year

Reliance Industries pushes battery unit timeline by 2 years to 2026

This would be one of the rare instances, where the company has changed a stated timeline or target for any business outcomes

Reliance Retail total debt up 73%; RRVL expected to continue pumping money

Reliance Retail Limited's debt-to-equity ratio increased from 1.35 in FY22 to 1.91 in FY23

Reliance explores chipmaking foray, in talks with potential partner

"There is intent, there is no timeline," said the person, adding that Reliance has "yet to make a call on whether they want to ultimately invest"

Billionaires Mukesh Ambani, Gautam Adani set to attend G20 summit dinner

Among the 500 businessmen invited are Tata Sons Chairman N Chandrasekaran, billionaire Kumar Mangalam Birla, Bharti Airtel founder-chairman Sunil Mittal

Mukesh Ambani, Gautam Adani top the Fortune India Rich List for 2023

The magazine said the wealth estimate of the Indian billionaires is based on stock prices as of 14 July 2023 and shareholding as of December 2022

Weekend Bites: Beleaguered tycoon, GDP, Ambani children, and Wonderlust

In which we munch over the week's platter of news and views

Reliance Retail in talks with global investors to raise $2.5 billion

In an emailed statement, Reliance said "As a policy, we do not comment on media speculation and rumours.", but added "Our company evaluates various opportunities on an ongoing basis"

Jio Financial hits 5% upper limit; gains 10% in two days post RIL AGM

Jio Financial to partner foreign firms for insurance foray, Mukesh Ambani said at the 46th RIL AGM.

RIL 46th AGM: Brokerages insipid but keep positive ratings on stock intact

Reliance 46th AGM: The stock would see a significant upside only on listing timelines of the retail and telecom businesses, first announced four years ago in 2019, analysts said

Succession at Reliance: Here is what we know about the Ambani siblings

The 66-year-old elevated his three children as non-executive directors to Reliance's board and said he will spend the next five years of his chairmanship preparing them to take charge

Succession at Reliance: A large family fortune starts a risky transition

That transition could arrive by 2028. At Reliance Industries Ltd.'s annual general meeting Monday, the 66-year-old announced that his three children would be joining the board

Top headlines: Delhi airport braces for G20 Summit, RIL AGM, and more

Business Standard brings the top headlines at this hour

RIL AGM 2023: Reliance pumped $10 billion into retail biz in two years

Mukesh Ambani says Reliance Retail will be its fastest growing business in revenues and EBITDA

RIL AGM: AirFiber to go live from September 19 amid fresh telecom push

Reliance Jio has brought 96% of census towns within 5G network, entire country to be covered by December

Decoding Reliance AGM 2023: Mukesh Ambani outlines Jio's mega AI push

Reliance Jio will launch its 5G home broadband service JioAirFiber on September 19, RIL Chairman Mukesh Ambani said on Monday, as he also outlined aggressive plans for AI terming it the "most exciting frontier of growth" for Jio. Other major takeaways from the Reliance Industries' 46th AGM included announcement of Jio True5G Lab, where technology partners and enterprise customers can develop, test, and co-create multiple industry-specific solutions; and 'Jio True5G Developer Platform', a comprehensive platform combining 5G network, edge computing, and a spectrum of applications and services. The RIL top honcho said that JioAirFiber, a fixed wireless broadband offering, uses pan-India 5G network and advanced wireless technologies to bypass the need for last-mile fibre. In other words, it's a 5G broadband service that doesn't need wires. While optical fibre can currently connect around 15,000 premises daily, JioAirFiber will supercharge the expansion with up to 150,000 connections per