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Page 53 - Mukesh Ambani

Deals done, now RIL needs to demonstrate its swift execution prowess

We now need to wait for execution especially in 5G and Jio Mart. With the Aramco deal unlikely to happen, most of the excitement could be over for the time being

Deals done, now RIL needs to demonstrate its swift execution prowess
Updated On : 15 Jul 2020 | 5:15 PM IST

Strong interest shown by strategic investors for Reliance Retail: Ambani

"We will induct global partners and investors in Reliance Retail in the next few quarters," he said at Reliance Industries annual general meeting

Strong interest shown by strategic investors for Reliance Retail: Ambani
Updated On : 15 Jul 2020 | 5:02 PM IST

Saudi Aramco deal hasn't progressed as per original timeline: Mukesh Ambani

At RIL's last AGM in August 2019, Ambani announced plan to sell a stake in company's O2C business to Aramco. On August 12, it said it has signed LoI with Aramco for 20% stake sale

Saudi Aramco deal hasn't progressed as per original timeline: Mukesh Ambani
Updated On : 15 Jul 2020 | 4:37 PM IST

RIL ends 4% lower post 43rd AGM; market-cap erodes by Rs 45,000 crore

The stock of Mukesh Ambani-controlled RIL had hit a record high of Rs 1,978.50, up 3 per cent in early morning trade

RIL ends 4% lower post 43rd AGM; market-cap erodes by Rs 45,000 crore
Updated On : 15 Jul 2020 | 4:17 PM IST

Jio Glass for mixed reality experience announced at RIL AGM: Details here

The Jio Glass supports interactive 3D space, holographic content and 2D video conferencing features. It weighs 75 g, and supports all audio formats, according to the company

Jio Glass for mixed reality experience announced at RIL AGM: Details here
Updated On : 15 Jul 2020 | 4:01 PM IST

Reliance AGM highlights: Mukesh Ambani welcomes Google to Jio Platforms

Google will invest Rs 33,737 crores for a 7.7 per cent stake in Jio Platforms

Reliance AGM highlights: Mukesh Ambani welcomes Google to Jio Platforms
Updated On : 15 Jul 2020 | 4:00 PM IST

Developing 5G tech; Google to invest Rs 33,737 cr for stake in Jio: Ambani

In the next three years, Jio will connect half a billion mobile customers, a billion smart sensors and 50 million home and business establishments, Ambani said.

Developing 5G tech; Google to invest Rs 33,737 cr for stake in Jio: Ambani
Updated On : 15 Jul 2020 | 3:28 PM IST

RIL 43rd AGM: Jio biz update, bonus, Aramco deal details. What's in store?

So far, RIL has raised a record Rs 1.18 trillion in less than three months by selling 25.24 per cent stake in Jio Platforms.

RIL 43rd AGM: Jio biz update, bonus, Aramco deal details. What's in store?
Updated On : 15 Jul 2020 | 11:50 AM IST

RIL-owned firms in focus ahead of 43rd AGM; RIL hits fresh all-time high

RIL hit a fresh all-time high of Rs 1,948.75, up 2 per cent in intra-day trade, surpassing its previous high of Rs 1,947 touched on July 13, 2020.

RIL-owned firms in focus ahead of 43rd AGM; RIL hits fresh all-time high
Updated On : 15 Jul 2020 | 10:50 AM IST

RIL chairman Mukesh Ambani to detail post-Covid business plan at AGM

Ambani, 63, may at the company's first online AGM also give a sneak preview of his vision for decarbonisation of energy molecules to create value-added products with almost no carbon emissions.

RIL chairman Mukesh Ambani to detail post-Covid business plan at AGM
Updated On : 15 Jul 2020 | 1:59 AM IST

Mukesh Ambani is world's 6th richest, pips Elon Musk, Google founders

The chairman of Reliance Industries, whose wealth surpassed Warren Buffett's last week, is now worth $72.4 billion, according to the Bloomberg Billionaires Index.

Mukesh Ambani is world's 6th richest, pips Elon Musk, Google founders
Updated On : 15 Jul 2020 | 1:41 AM IST

Google is in advanced talks to invest $4 billion in Jio Platforms

Global tech leaders from Facebook to Intel are looking for multiple ways to grab a slice of the action in the South Asian country, where millions of first-time internet users are added every month.

Google is in advanced talks to invest $4 billion in Jio Platforms
Updated On : 15 Jul 2020 | 12:06 AM IST

Google vs Facebook: India is set to be their next big battleground

Both the companies are looking at partnerships to expand their India business

Google vs Facebook: India is set to be their next big battleground
Updated On : 15 Jul 2020 | 6:05 AM IST

100,000 shareholders can log onto RIL's first e-AGM on Wednesday

Chairman and Managing Director Mukesh Ambani will address shareholders using the in-house JioMeet platform.

100,000 shareholders can log onto RIL's first e-AGM on Wednesday
Updated On : 13 Jul 2020 | 9:55 PM IST

Qualcomm Ventures invests Rs 730 crore in Jio Platforms for 0.15% stake

Qualcomm Ventures is an investment arm of Qualcomm Incorporated

Qualcomm Ventures invests Rs 730 crore in Jio Platforms for 0.15% stake
Updated On : 12 Jul 2020 | 11:01 PM IST

Elon Musk, Mukesh Ambani now richer than Warren Buffet: Check top 10 list

Tesla chief's fortune rose by $6.07 billion on Friday, following a 10.8% jump in the electric carmaker's stock, according to media reports

Elon Musk, Mukesh Ambani now richer than Warren Buffet: Check top 10 list
Updated On : 12 Jul 2020 | 2:16 PM IST

RIL closes four Jio stake sale deals, receives Rs 30,062 cr from investors

Reliance had sold a total of 25.09 per cent stake in the subsidiary which houses India's youngest but largest telecom firm, Jio, to 11 investors for Rs 1,17,588.45 crore

RIL closes four Jio stake sale deals, receives Rs 30,062 cr from investors
Updated On : 11 Jul 2020 | 10:32 AM IST

With a fortune of $68 bn, Mukesh Ambani now richer than Warren Buffet

Shares of Ambani's conglomerate have more than doubled since a low in March as its digital unit got more than $15 billion in investments from companies including Facebook and Silver Lake

With a fortune of $68 bn, Mukesh Ambani now richer than Warren Buffet
Updated On : 11 Jul 2020 | 1:25 AM IST

Reliance shares jump 2.95%; market-cap zooms Rs 34,195 cr to Rs 11.9 trn

The market heavyweight stock gained 2.95 per cent to close at Rs 1,878.50 on the BSE.

Reliance shares jump 2.95%; market-cap zooms Rs 34,195 cr to Rs 11.9 trn
Updated On : 10 Jul 2020 | 8:43 PM IST

As Asian deals disappear, India becomes unlikely hotspot for M&A

Thanks to investments in Jio, India accounts for more than 12 per cent of announced deals in the Asia Pacific region so far this year, the highest ratio since at least 1998.

As Asian deals disappear, India becomes unlikely hotspot for M&A
Updated On : 09 Jul 2020 | 11:00 PM IST