Page 17 - Mukesh Ambani

Jio Financial set to launch suite of loan products to expand footprint

JFS plans to launch auto, home loans and other products, as the billionaire Mukesh Ambani-backed company seeks to establish itself as a full-service financial services firm in a rapidly growing market

Ambani's youngest son, Anant, faces proxy firms' pushback on board seat

"A vote against this resolution is warranted as Anant Ambani's limited leadership/board experience of around six years, raises concerns on his potential contribution to the board," ISS said

Muted revenue growth, higher profitability for RIL in quarter ending Sept

RIL's refining segment gains are expected to be partially offset by a slump in petrochemical margins and planned shutdowns at the refining facilities

Forbes India Richest List 2023: Mukesh Ambani reclaims top spot; full list

According to the Forbes India Rich List 2023, Savitri Jindal is the wealthiest Indian woman

Nita, Mukesh Ambani host IOC President Thomas Bach at their residence

Nita Ambani welcomed Thomas Bach in a traditional Indian way on Tuesday evening at their residence ahead of the 141st IOC Session

1,319 Indians boast Rs 1K crore net worth; Mukesh Ambani richest: Hurun

Eight of the top ten richest billionaires in the list, except Adani and Radhakishan Damani, saw their wealth jump in 2023

Reliance General Insurance gets Rs 922 crore GST notices from DGGI

Bankers suggest that the new tax demand could impact the company's valuation

Ambani's JioCinema to appoint former Google Manager Kiran Mani as CEO

Mani formerly ran Google's Android operations in the Asia Pacific region

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"