Page 23 - Mukesh Ambani

Antilia bomb case: Bombay HC grants bail to Mumbai cop Riyazuddin Kazi

The Bombay High Court granted bail to suspended Assistant Police Inspector Riyazuddin Kazi who is currently lodged in jail in connection with the Antilia bomb scare case

Jio deposits Rs 3,720 cr in SBI escrow account to acquire Reliance Infratel

Reliance Projects and Property Management Services, a subsidiary of telecom major Jio, has deposited Rs 3,720 crore in an SBI escrow account to acquire mobile tower and fibre assets of Reliance Infratel. The National Company Law Tribunal (NCLT) gave approval to Jio for the acquisition of Reliance Infratel (RITL) in November. "Reliance Infratel transaction is complete. Jio has deposited Rs 3,720 crore in a SBI escrow account as directed by NCLT," a source told PTI. Billionaire Mukesh Dhirubhai Ambani-led Jio placed a bid of Rs 3,720 crore in November 2019 to acquire the tower and fibre asset of debt-ridden subsidiary of his younger brother Anil Ambani-managed firm Reliance Communications. The tribunal asked Jio to deposit Rs 3,720 crore in the State Bank of India (SBI) escrow account to complete the acquisition of RCOM's tower and fibre assets. On November 6, Jio had proposed to deposit Rs 3,720 crore in an escrow account to complete the acquisition of Reliance Infratel which is ..

Adani firms, RIL share honours in Motilal Oswal wealth-creation study

The biggest wealth creator in absolute terms is Mukesh Ambani-led Reliance Industries, with an increase in market capitalisation of Rs 13 trillion between 2017 and 2022

What does Gautam Adani's partial takeover of NDTV mean for television news?

Since its inception, NDTV's strength has been questioning the establishment on every side of the ideological divide

What's powering the rally in Reliance Industries' stock?

Another key reason for the recent stock surge, according to analysts at Jefferies, is the hope that the government may withdraw export duties on diesel and aviation fuel

Reliance Industries seeks shareholder nod to alter MoA for EPC undertaking

Move comes following approval by RIL board in October to restructure the business; company also seeking shareholder nod for appointment of KV Kamath as RIL independent director

Reliance Industries surges 3%, trades at five-month high

Shares of Reliance Industries were trading higher for the third straight day, and have gained 5.4 per cent during the period.

Adani Enterprises to raise Rs 20,000 crore through follow-on public offer

The face value of each Adani Enterprises share would be Rs 1 each and the approval of the shareholders would be taken via postal ballot

Adani, Ambani set to clash over distressed assets of Lanco Amarkantak Power

The direct clash between the two major industrialist groups is set to happen during an auction on November 25

Mobile user base dips first time in 7 months, shrinks by 3.6 mn in Sept

Rural India saw subscriptions fall by 3.7 million. Urban barely offset that with a rise of 540,000

Ambani says Indian economy to grow 13-fold to $40 trillion by 2047

India is likely to become a USD 40 trillion economy by 2047 -- a 13-fold jump from its current size -- driven primarily by a clean energy revolution and digitalisation, billionaire Mukesh Ambani said on Tuesday. Ambani's estimate for the Indian economy, currently the fifth largest in the world behind only the US, China, Japan and Germany, is more optimistic than Asia's richest man Gautam Adani, who last week stated that India will become a USD 30 trillion economy by 2050 on back of rising consumption and socio-economic reforms. "From a 3 trillion-dollar economy, India will grow to become a 40 trillion-dollar economy by 2047, ranking among the top three economies of the world," Ambani said at the 10th convocation of Pandit Deendayal Energy University here. As the 'Amrit Kaal' -- the period between now and 2047 when India will be celebrating 100 years of independence -- unfolds, the country will witness an unprecedented explosion in economic growth and opportunities, he asserted. "Th

Indian govt wants solar manufacturers to bid for $2.4 billion in aid

The state-run Solar Energy Corp. of India is seeking bids from solar manufacturers for 195 billion rupees of financial incentives, according to documents published on the agency's website

Mukesh Ambani's daughter Isha, son-in-law Anand Piramal welcome twins

The twins have been named Aadiya and Krishna

LIVE news: Finance Minister to begin pre-budget consultations from Monday

From Amit Shah's scheduled rally in Gujarat to BJP's roadshows across Delhi ahead of MCD polls, catch all the live updates from across the globe here

Mukesh Ambani enters race to buy football club Liverpool, says report

The club has been put up for sale by its current owner FSG, which bought it in October 2010, The Mirror newspaper said

Wealthy Indians buying properties in Dubai, London, NY for better prices

Anuj Puri, chairman of Anarock Property Consultants links wealthy Indians buying abroad to their purchasing power

RIL's logistics foray rides on growing retail print, govt supply-chain push

MMLP near Chennai to be key distribution hub for company in south; firm may bid for more MMLPs across country, say sources

Mukesh Ambani to bid for football club Liverpool FC's takeover: Report

Indian billionaire Mukesh Ambani has entered the race to bid for world-renowned English football club Liverpool FC's takeover, reported a leading English daily. The English Premier League giants have been put up for sale by their current owners Fenway Sports Group (FSG), who bought the Merseyside club in October 2010 and have reportedly appointed Goldman Sachs and Morgan Stanley to assist them in selling the team. According to 'The Mirror', the FSG are willing to sell the club for 4 billion British pound. Ambani, chairman and managing director of Reliance Industries and rated by Forbes as the eighth richest person in the world, has enquired about the club, the English daily reported. Few associated with the Mumbai-headquartered Indian multinational conglomerate, however, could not confirm the development. A statement from FSG read: "There have been a number of recent changes of ownership and rumours of changes in ownership at EPL clubs and inevitably, we are asked regularly about

Reliance set to acquire METRO Cash & Carry India in 500 million euros deal

Reliance Industries is set to acquire German retailer METRO AG's Cash & Carry business in India in a deal estimated at around 500 million euros (Rs 4,060 crore), industry sources said. The deal includes 31 wholesale distribution centres, land banks and other assets owned by METRO Cash & Carry here, they said. This is going to help Reliance Retail, the country's largest retailer, expand its presence in the B2B segment. Discussion between billionaire Mukesh Ambani-led Reliance Industries and METRO was going on for the past few months and last week the German parent firm agreed to the offer from Reliance Retail, they added. When contacted, both METRO and Reliance Industries declined to comment on the development. A Reliance spokesperson said, "Our company evaluates various opportunities on an ongoing basis." METRO AG's spokesperson said, "We do no comment on market rumour or speculations." METRO Cash & Carry's customers include retailers and kirana stores, hotels, restaurants

RIL: Bulls set eyes on Rs 3,500-mark as stock above support held since 2017

Domestic brokerage firm Prabhudas Lilladher, too, lowered its earnings outlook on RIL and trimmed the target price to Rs 2,892