Page 26 - Mukesh Ambani

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

Jio Cloud PC: Will it be a game changer for small and medium businesses?

Analysts believe India would finally usher in the home broadband segment

Remember Campa Cola? It is set to return as Reliance Retail acquires brand

Reliance acquired Campa from Delhi-based Pure Drinks Group for around Rs 22 crore. It is expected to relaunch the drink in its iconic cola, lemon, and orange flavour in October

Tariff hikes needed for monetising Rs 2 trn investment: Analysts on Jio 5G

Analysts at Jefferies said Jio's approach to 5G has striking similarities to its approach to 4G with the company investing aggressively-potentially ahead of time-to create a state of art network

Will RIL stock hit the Rs 3,500-mark before its next AGM?

Though investments of RIL across verticals will set the company on a decadal growth path, they may weigh on the stock in the near-term. Tech charts, however, suggest otherwise. Here's a report

Chasing growth: RIL has ambitious plans

Future technology, new energy, retail-the diversified conglomerate's strategy is seen positively by markets

New growth opportunities, high debt risk: How analysts interpret RIL's AGM

Analysts said that though the company is set to embark the journey of new growth opportunities in telecom, and new energy areas, it may lead to increase in near-term debt, and weaken the return ratios