Page 24 - Mukesh Ambani

What does demerger of the financial services biz mean for RIL shareholders?

Reliance Industries will demerge its financial services business and list as a separate entity. Will a fast-growing consumer and merchant loan book be enough to impress shareholders? Let's find out

After 5G, here's how Ambani will use financial services to tighten DNA loop

A successful fintech loans platform draws upon what the Bank for International Settlements calls a self-reinforcing "DNA loop," shorthand for data, network and activity

Top Headlines: Rishi Sunak to be UK's next PM, Samvat 2079 stocks & more

Rishi Sunak is set to become Britain's next prime minister as his rivals quit the race, which analysts said, relieved some of the nervousness around the outlook for the UK economy

Reliance Industries to demerge and list financial services business

Shareholders of RIL will receive one equity share of JFS of face value Rs 10 for one fully paid-up equity share of Rs 10 held in RIL.

Windfall tax impact: Reliance net profit flat in Q2 at Rs 13,656 crore

Bottomline misses estimates, net revenue jumps 37.3 per cent YoY to Rs 2.3 trillion; to list financial services arm

Reliance Retail net profit grows 36% in Q2; revenue up 44.5% YoY

Reliance Retail saw its (gross) revenue at Rs 64,920 crore, up 42.9 per cent year-on-year

Windfall tax hits Reliance; Q2 net profit flat at Rs 13,656 crore

Reliance's revenue has jumped 34 per cent to Rs 2.33 trillion

Reliance Capital binding bids submission deadline extended to November 20

Reliance Capital Committee of Creditors (COC) has decided to extend the date of submitting the binding bids from October 31 to November 20

Top headlines: CCI penalty on Google, funding winter for startups, and more

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Mukesh Ambani purchases beach-side Palm Jumeirah villa in Dubai for $163 mn

The billionaire has been snapping up properties overseas, increasingly looking westward for second homes

Nokia, Ericsson ink multi-year contracts to power Reliance Jio's 5G network

Jio will deploy a standalone 5G network, which will interwork with its 4G network and enable it to provide services such as machine-to-machine communication, network slicing, and ultra-low latency

TMS Ep277: Ambani's family office, Vaccine waste, IT's Q2 earnings, GRAP

Why does Mukesh Ambani need a family office? How did India waste 100 mn Covid vaccines? What to expect from IT's Q2 earnings? How are GRAP measures used to combat air pollution? Answers here

Why are India's super wealthy looking abroad for family offices?

RIL Chairman Mukesh Ambani is setting up a family office. It's a trend among wealthy Indian families who set up such entities, often overseas. Find out why the India's super wealthy are looking abroad

Be it Adani, Ambani or Jay Shah, we welcome all: Rajasthan CM Gehlot

Condemning the BJP for mocking the Congress after he lavished praise on industrialist Gautam Adani during the Invest Rajasthan summit, Chief Minister Ashok Gehlot on Saturday said it was not a private programme and 3,000 delegates attended it. Be it Adani or Union Home Minister Amit Shah's son Jay Shah, Rajasthan will welcome all because it wants investment and employment, Gehlot said. "It is not a private event, it is an investors' summit. Are 3,000 delegates (who attended the summit) of the Congress?" Gehlot asked, asserting their ideologies could be that of the Congress or the BJP. "In such a situation, why do they want to create a hurdle? I condemn these people. They talked about Gautam Adani yesterday (Friday). Be it Gautam Adani or any Adani, or Ambani or Amit Shah's son Jay Shah, we will welcome all of them here. We want employment, we want investment," the chief minister said. It was not clear why Gehlot clubbed Jay Shah's name with those of industrialists Ambani and Adani

Mukesh Ambani joins the list of global rich with family office in Singapore

Asia's second-wealthiest man, Reliance Industries Ltd. Chairman Mukesh Ambani, is setting up a family office in Singapore, according to people familiar with the move.

Antilia bomb scare case: Delhi HC dismisses ex-Mumbai Police officer's plea

The Delhi High Court on Friday dismissed a plea filed by former Mumbai Police officer Sachin Waze, seeking to quash the sanction granted to prosecute him under the Unlawful Activities (Prevention) Act (UAPA) in connection with the Antilia bomb scare case. A bench of justices Mukta Gupta and Anish Dayal said there is no reason to "clothe" the high court here with the territorial jurisdiction to adjudicate the relief sought in Waze's petition, when "the alleged offence, the subsequent complaint and investigation, the FIRs and the, filing of the chargesheet and all proceedings relating thereto, including custody of the accused, have all taken place in Mumbai". "Courts at Mumbai would have the natural and logical jurisdiction to decide issues challenged in this writ petition.... The writ petition is therefore dismissed for lack of territorial jurisdiction to adjudicate the relief sought," the court said in its 15-page order. The court said the mere fact that the authority that awarded t

Man held from Bihar for death threats to Mukesh Ambani, his family

The Mumbai police have arrested a man from Bihar in connection with anonymous calls threatening to target industrialist Mukesh Ambani and his family members, an official said on Thursday.

Top Headlines: Global trade growth forecast; world currency reserves shrink

India's merchandise exports could face major headwinds next year with the WTO slashing its forecast for global trade volume growth to 1 per cent from 3.4 per cent

Caller threatens to blow up Reliance Hospital, issues threat to Ambanis

An unidentified person called up Sir H N Reliance Foundation Hospital in south Mumbai on Wednesday and threatened to blow it up, a police official said. "The caller also issued threats in the name of some members of Ambani family," he said. The person called up the hospital's landline number at 12.57 pm from an unknown number, the official said. An FIR has been registered at D B Marg police station against the unidentified person and an investigation is on into the matter, he added. In August this year, a jeweller was arrested after he allegedly calling up the hospital and threatened to kill industrialist Mukesh Ambani and his family members. In February 2021, a sports utility vehicle (SUV) laden with explosives was found near Ambani's south Mumbai residence 'Antilia'. Later, some people, including the then-police officer Sachin Waze, were arrested in connection with the incident.

Top headlines: TRS' KCR goes national; European shares fall

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