Page 25 - Mukesh Ambani

Jio to bring 5G to every Indian by December 2023, says Mukesh Ambani

Billionaire Mukesh Ambani on Saturday announced that his telcom firm Reliance Jio will launch 5G services across the country by December 2023. Jio is rapidly progressing to roll out 5G services within this month. Speaking at the IMC 2022 event, Ambani said Jio will launch affordable 5G services and cover every nook and corner of the country by December 2023.

Auto, banks rule the roost in H1FY23; IT and metal stocks laggards

M-cap of Adani group goes up 55.2%, while Tata and Ambani biz houses' declines 10%

Reliance's retail unit launches its first in-house fashion store Azorte

Reliance Industries Ltd's retail unit launched its first in-house premium fashion and lifestyle store, as the billionaire Mukesh Ambani-led company continues to enter India's luxury market

Hostile media bid shows how Asia's richest can align and dominate a sector

The NDTV acquisition, if successful, would make Adani and Ambani straight-up rivals in a sector for the first time, given Ambani's control of large media assets including news channels

Reliance Jio 5G smartphone to be priced between Rs 8k and Rs 12k: Report

During AGM 2022, Reliance chairman Mukesh Ambani had revealed Jio's plans to launch a 5G smartphone in partnership with Google. However, no details on the pricing were revealed

Reliance New Energy to acquire 20% stake in US-based Caelux for $12 mn

Caelux is a research and development-oriented company in perovskite-based solar technology. Its proprietary technology enables high-efficiency solar modules that can produce 20% more energy

India's rich club grows to 1,103; Zepto's Kaivalya youngest in Hurun list

More than 82% of the billionaires on the list are above the age of 50, and only 0.6 per cent of the rich in the list are below the age of 30, said the Hurun India study

Reliance Brands in advanced talks to acquire Sephora's India rights

Reliance Brands also recently forayed into food and beverages retail space by entering into a long-term franchise partnership with Pret A Manger - a global fresh food and organic coffee chain

12 Indians have a net worth of more than Rs 1 trillion, shows a new report

The IIFL Wealth Hurun India Rich List 2022 showed that 100 start-up founders in India have a net worth of more than $10 billion

Gautam Adani earned Rs 1,612 crore a day in 2021: Hurun India

Adani was far ahead of Reliance Industries' chairman Mukesh Ambani (Mukesh Ambani & family), whose wealth rose 11 per cent in the last one year

Mukesh Ambani visits Guruvayur temple, donates Rs 1.51 cr for 'annadanam'

Indian billionaire businessman Mukesh Ambani, also the chairman and managing director (CMD) of Reliance Industries Ltd. (RIL), visited the famous Guruvayur temple in Kerala to offer prayers and donated Rs 1.51 crore to its 'annadanam' fund. A senior official of the temple administration confirmed Ambani's visit on Saturday and the receipt of the donation. The billionaire businessman was also accompanied by the fiancee of his youngest son, Anant Ambani. The official also said that during his visit, the temple also put before him a plan to build a new medical centre there which would cost around Rs 50 crore and sought his help for it. "He said he will consider it," the official said.

5G handsets, tech limitations keep tariff hikes at bay for Jio, Airtel

Telecom operators Reliance Jio and Bharti Airtel are not looking at higher tariffs for 5G services during the initial level of launch in metro cities

Reliance on a buying spree to achieve its renewable energy goals

In AGM 2022, Ambani said that they would "accelerate" the company's commitment to investing Rs 75,000 crore towards establishing a New Energy manufacturing ecosystem in Jamnagar

Reliance Infrastructure files Rs 13K-crore claim in Adani power deal

Reliance cited a breach of a December 2017 share purchase agreement relating to the transfer of its Mumbai power distribution business to Adani Transmission

Reliance Industries acquires Shubhalakshmi Polyesters for Rs 1,592 cr

Billionaire Mukesh Ambani's Reliance Industries Ltd has acquired polyester chips and yarn manufacturer Shubhalakshmi Polyesters Ltd for Rs 1,592 crore, the company said in a stock exchange filing. "Reliance Petroleum Retail Ltd (under name change to 'Reliance Polyester Ltd'), a wholly owned subsidiary of the company, today executed definitive documents to acquire polyester business of Shubhalakshmi Polyesters Ltd and Shubhlaxmi Polytex Ltd for cash consideration of Rs 1,522 crore and Rs 70 crore respectively, aggregating to Rs 1,592 crore by way of slump sale on a going concern basis," the firm said. The deal is subject to approval of the Competitiorn Commission of India (CCI) and the respective lenders of SPL and SPTex. The acquisition will strengthen the textile manufacturing business of Reliance. SPL produces polyester fibre, yarns and textile-grade chips through direct polymerisation as well as extruder spinning with value addition through texturising. It has a continuous ...

Short-form video platforms betting on 5G for 'dawn' of 'best times'

A report by RedSeer released in July stated that by 2030, the SFV market may provide a $19 billion monetisation opportunity in India 2030

Reliance Jio 6th Anniversary: Check the plan, offers and benefits

Reliance Jio 6th Anniversary: India's biggest Internet service provider completes six years in the market. Read this detailed report on newly announced Jio offers, plans and benefits

Top Headlines: Unrealistic deadlines for EVs, Mistry's demise, and more

Cyrus Mistry, former chairman of Tata Sons and scion of the Shapoorji Pallonji group, died in a car accident near Mumbai on Sunday.

Top 10 in broadband? India needs to go from 1.95% to 40% adoption

Mukesh Ambani wants to achieve the target by deploying 5G fixed wireless access to homes

Telcos, phone makers in discussion for affordable rollout of 5G: Report

Mukesh Ambani on Monday announced that RIL will invest Rs 2 trillion to launch 5G mobile internet services in India's key metro cities by Diwali