Amid the Covid-19 pandemic, Ambani accomplished a fund-raising feat, garnering $35 billion through a string of deals to achieve his target of reducing his flagship Reliance Industries’ net debt to zero by 2021.
Tag: Mukesh Ambani
Adani Group Chairman Gautam Adani, the second richest person in India, is ranked 24th on the global list of billionaires with a net worth of USD 50.5 billion.
“There is something fishy and hence the case has been taken over by the NIA. We will ensure that whatever is fishy is exposed,” Thackeray said.
As per the Oxfam Inequality Report called this year as “The Inequality Virus Report” because of the pandemic said the pandemic has also widened the existing social, economic and gender-based inequalities.
Ambani was in conversation with Mark Zuckerberg, CEO, Facebook at the first ever Facebook Fuel event in India.
“All of us know that PDPU itself is a product of Prime Minister Narendrabhai’s ‘Atma Nirbhar’ vision. It is a vision he cherished even when he was the Chief Minister of Gujarat… … to make India self-reliant in the areas of Energy, Energy Education, Research and Innovation”, Ambani said.
The announcement follows through from the RIL AGM 2020, where Chairman Mukesh Ambani announced plans for a 100 percent “homegrown 5G” network in India.
The above acquisition is being done as part of the scheme in which the Future Group is merging certain companies carrying on the aforesaid businesses into Future Enterprises Limited (FEL).
The 96th rank that Reliance Industries has achieved in the 2020 edition of Fortune Global 500 is its highest-ever.
The deal was earlier scheduled to close by March, 2020 but is now delayed and is expected to be completed this year.
Speaking at the Annual General Meeting (AGM) of RIL, Ambani said that the “Made-in-India” technology can be deployed and launched in a year’s time once spectrum is available.
Google is investing at an equity valuation of Rs 4.36 lakh crore, said an RIL regulatory filing.
The other participants in the conference included Prince Abdulaziiz bin Salman al-Saud, Minister of Energy, Kingdom of Saudi Arabia, and Patrick Pauyanne, CEO, Total and Tanya Beckett, as the moderator.
The Reliance partly paid shares have also created wealth for investors with gains of 6.64 per cent from June 15 when they were listed.
Jio’s vision is to enable a Digital India for 1.3 billion people and businesses across the country, including small merchants, micro-businesses and farmers so that all of them can enjoy the fruits of inclusive growth.
At 114th position, HCL Technologies Founder Shiv Nadar is worth $12.4 billion. One of India’s leading philanthropists, Nadar has donated $662 million to his Shiv Nadar Foundation.
This growing inequality is tragic in a nation where 63 million ordinary Indians are pushed into poverty because of health care costs – Oxfam estimates that is two people every second.
A senior RIL official told Newsd that this has to do with a recent meeting of bankers, where debt exposure to large corporates was reviewed.
The prestigious list was released on Wednesday and it named the world’s most influential; pioneers, leaders, titans, artists, and icons of the year
Akash Ambani, the elder son of Mukesh and Nita Ambani is all set to tie the knot with his childhood friend, Shloka Mehta today. The ceremony will take place at Jio Gardens BKC and expect the entire Bollywood brigade to attend the soiree. While their pre-wedding festivities were held at[Read More…]
India’s prominent business family-the Ambani family is all set to host another big fat wedding – that of their eldest son Akash Ambani with Shloka Mehta. Shloka is the daughter of diamantiare Russel Mehta. The young couple made headlines last year in June when the two exchanged rings in a[Read More…]
The couple will tie the knot on 9th march at the Jio World Centre in Bandra Kurla Complex, Mumbai.
According to rumours, Mukesh Ambani’s son Akash will fly to Switzerland to celebrate his bachelor party with his friends Isha Ambani and Anand Piramal wedding on December 12 last year was a grand affair and there is another wedding to follow in the Ambani household. Reports suggest that Mukesh and[Read More…]
New Delhi, Reliance Industries Chairman and Managing Director Mukesh Ambani who has disrupted the mobile telephony market with Reliance Jio, is set to take on Internet and video streaming giants like Google, Netflix, Amazon Prime and Spotify. According to an article in the winter 2019 issue of Foreign Policy magazine,[Read More…]
Gandhinagar, Invoking Mahatma Gandhi’s movement against colonisation, Reliance Industries Chairman and Managing Director Mukesh Ambani on Friday urged Prime Minister Narendra Modi to lead a fight against “data colonisation”, saying that Indian data must be “owned and controlled” by Indians. “I pay homage to Mahatma Gandhi, the Father of our[Read More…]