The Economic Times
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| 11 August, 2020, 03:55 PM IST | E-Paper

    Mukesh Ambani is coming for India’s phones and wallets

    The oil-and-petrochemicals tycoon’s digital services startup requires him to dominate the use of mobile devices, while his retail chain, India’s largest, needs maximum grip on customers’ moneybags.

    Mukesh Ambani eclipses richest European to become world’s No. 4

    Mukesh Ambani has already surpassed some of the biggest tycoons in recent weeks -- a list that includes Elon Musk and Alphabet Inc. co-founders Sergey Brin and Larry Page, as well as the so-called Oracle of Omaha himself, Warren Buffett.

    Mukesh Ambani keeps rising on the rich people rankings

    With a recent surge in his wealth, Asia’s richest man - Mukesh Ambani - has overtaken Warren Buffet in the global money rankings; he’s valued at roughly $75 billion.

    2G technology must be scrapped at the earliest: Mukesh Ambani

    “India still has 300 million mobile subscribers trapped in the 2G era, their feature phones keep them excluded even from the basic users of the internet at a time when both India and the rest of the world are standing at the doorsteps of 5G telephony,” Ambani said in a video message at an industry event marking 25 years of the sector. Jio recently entered into a commercial agreement with Google to jointly develop entry-level affordable 4G and possibly 5G smartphones in the future with an aim to make India 2G-mukt or free of 2G technology.2G technology must be scrapped at the earliest: Mukesh Ambani

    Mukesh Ambani has just outdone Warren Buffett

    RIL promoter now world’s 7th richest with $69.9 billion net worth on Forbes real-time billionaires list.

    Mukesh Ambani is world’s fifth-richest person with $77 billion fortune

    Ambani cracked the group of the 10 richest people just last month. Two weeks ago, he surpassed Warren Buffett, now ranked No. 6. He overtook Elon Musk and Google co-founders Sergey Brin and Larry Page days later.

    Vodafone Idea MD Ravinder Takkar rejects Mukesh Ambani’s call for 2G free India

    The Vodafone Idea (VIL) MD’s views came less than a fortnight after Ambani had urged telecom minister Ravi Shankar Prasad to speed up policy measures to ensure a quick end of 2G in India. If accepted by the government, the move could hit Vodafone Idea and Bharti Airtel, who together have around 300 million 2G users critical to their revenue streams.

    RIL aims to become carbon zero by 2035, says Mukesh Ambani

    In its 43rd AGM, Chairman Mukesh Ambani outlined his long term vision for RIL’s energy business. WatchRIL aims to become carbon zero by 2035, says Mukesh Ambani

    Mukesh Ambani, a man on a mission

    Mukesh Ambani's total wealth climbed to $64.5 billion making him the ninth richest person in the world and the only Asian to get that honour. According to Bloomberg, Ambani overtook Larry Ellison of Oracle Corp. and France’s Francoise Bettencourt Meyers, the wealthiest woman, to reach the No. 9 spot.

    How Mukesh Ambani is making India the centre for global deals

    Over the course of the past few months, Mukesh Ambani has raked in close to $15 billion from major investments in Jio Platforms, from the likes of Facebook and Silver Lake.

    Mukesh Ambani urges government to take necessary policy steps to make India 2G-mukt

    “India still has 300 million mobile subscribers trapped in the 2G era, their feature phones keep them excluded even from the basic users of the internet at a time when both India and the rest of the world are standing at the doorsteps of 5G telephony,” Ambani said in a video message at an industry event marking 25 years of the sector.

    The one game where Mukesh Ambani is not getting a walkover

    ​​ Reliance and partner IMG Worldwide bailed out cash-strapped soccer association a decade ago.

    Mukesh Ambani pushes for clean, affordable energy; tech to decarbonise

    "The way I see is that in the progress that humankind has made (between) industrial revolutions, we have disturbed the carbon cycle and now it is time to use technology... to reset that balance and adopt the carbon cycle right," Mukesh Ambani said speaking at the FII Investment Institute Conference over a video link.

    Mukesh Ambani becomes fifth-richest in the world as net worth swells past $75 billion

    Overnight, his wealth rose by $1.2 billion, thanks to the surge in the share prices of his oil-to-telecom company RIL.

    Working with Saudi Aramco to complete contours of partnership: Mukesh Ambani

    Ambani said RIL’s consumer businesses continue to establish new milestones every year.

    Mukesh Ambani has recast Reliance as a one-stop shop for every Indian

    With disciplined execution, Mukesh Ambani has turned Reliance Industries from a petrochemicals business into a digital behemoth designed to meet every consumer need. This last decade has changed things so dramatically for RIL that as a consumer you just couldn’t avoid Reliance.

    Mukesh Ambani joins club of world’s 10 richest

    The shares of the conglomerate owned by India's richest man have doubled from a low in March.

    View: How Mukesh Ambani caught tech hub Bengaluru off guard with his Jio plan

    A year down the line, a lot of what was going on in Mumbai has come to the fore, when in April, in the thick of the outbreak, Facebook announced its investment of $5.7 billion for 9.99% stake in Reliance Jio Platforms. That was just the start of the rush of capital coming into Jio Platforms, culminating with Google’s $4.5 bn infusion earlier this week.

    Mukesh Ambani nears deal to buy stake in Amazon’s India partner

    Reliance is closing in on a deal that would see it acquire stakes in some units of Future Group.

    Mukesh Ambani says received strong interest from strategic investors for Reliance Retail

    Addressing shareholders in RIL's 43rd annual general meeting held virtually on Wednesday, Ambani said the company has "received strong interest from strategic and financial investors in Reliance Retail." "Today the world recognizes our hyper-growth inclusive model," he said.

    Planned stake sale to Saudi Aramco not progressed as per timelines, says Mukesh Ambani

    "We value our two-decade relationship with Aramco and are committed to a long-term partnership," Ambani said at Reliance Industries' annual general meeting.

    Reliance Jio aims to achieve 500 million subscribers in 3 years, says Mukesh 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:," said Ambani at the 43rd AGM.

    RIL chairman Mukesh Ambani announces development of home-grown complete 5G solution

    Ambani added that it will be ready for trials as soon as the spectrum is available.

    Mukesh Ambani’s 2019 AGM speech earned him Rs 5.6 lakh crore reward

    Ambani,63, delivered on most other things he had pledged at the last AGM, boosting investor confidence in the stock, and sending the fortunes of both RIL stock and promoter Ambanis soaring through the past 11 months.

    View: Reliance Jio’s 5G foray is exactly the push India needs in this direction

    In the 5G world, telecom operators need to move beyond connectivity and collaborate with multiple stakeholders across sectors such as finance, transport, retail and healthcare to deliver innovative digital services.

    Mukesh Ambani to detail post-Covid business plan at AGM; focus on leveraging tech partnerships

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

    Big cheque for Mukesh Ambani? Google reportedly in advanced talks to invest $4 billion in Jio

    Google has pledged $10 bn in India over the next five to seven years with the aim of consolidating its position in the digital ecosystem of the world’s fifth-largest economy that is emerging as a battleground for global internet giants.

    Mukesh Ambani 8th richest in world as RIL tops Rs 12 lakh crore

    RIL has transformed itself into a consumer company from a materials and energy producer, crossing 12 lakh crore in market capitalisation on Monday — two days ahead of its 43rd annual general body meeting. Its market cap now is more than double that of the country’s all telecom, retail and refinery stocks put together.

    Mukesh Ambanis’ stake in RIL at 12-year high after rights issue

    Promoters picked up additional shares from unsubscribed portion of Rs 53,124-crore issue.

    Mukesh Ambanis’ stake in RIL at 12-year high after rights issue

    RIL shares, which rallied 82% from March 23, ended at 1,589, up 3.34% on Friday.

    The rainmaker behind Mukesh Ambani’s $13 billion deal spree

    Manoj Modi is viewed by many insiders as the right hand of billionaire Mukesh Ambani.

    Mukesh Ambani is going on a cash hunt in lockdown

    RIL is in talks with 10-15 foreign lenders to raise funds for its non-digital units.

    The Indian tycoon Zuckerberg backed threatens to topple him on global rich list

    A strong rally in the shares of RIL has lifted promoter Mukesh Ambani to the fourth spot in the list of world's top billionaires, right behind Zuckerberg.

    Add philanthropy & Ambani slips in global ranking

    However, a comparison among billionaires based merely on their existing net worth may not be justifiable, especially considering the extensive philanthropic initiatives by some of the global business icons featuring on the prized leader-board.

    Reliance has a 15-year plan to convert itself into a new energy company

    While the oil-to-chemical conglomerate has in recent times seen focus on consumer business, RIL's core oil-to-chemical (O2C) business is well placed to generate sustained free cash flow, BofA Securities said in a report. Future of O2C is new energy company and partnerships.

    Mukesh Ambani prepares Facebook-backed Jio Platforms for overseas IPO

    Investors are betting on Jio’s access to India’s huge consumer market.

    Reliance Industries Limited ranked no 2 brand globally after Apple Inc

    Billionaire Mukesh Ambani's oil-to-telecom conglomerate Reliance Industries has been ranked second biggest brand after Apple on the FutureBrand Index 2020.

    Biyani’s personal debt final item in $3 billion RIL-Future deal

    The Mukesh Ambani-led RIL is also likely to acquire up to a 10-15% minority stake in the group’s fast-moving consumer goods (FMCG) business Future Consumer, said these sources.

    Mukesh Ambani says after 'unprecedented' fund raising, RIL working to close Aramco deal

    RIL said it is working to complete the contours of a strategic partnership with Saudi Aramco.

    Can Facebook and Mukesh Ambani be really happy together?

    Ambani’s strategy has three connected elements: carriage, content and commerce.

    Mukesh Ambani keeps salary capped at Rs 15 crore in FY20; forgoes remuneration from current year

    Richest Indian Mukesh Ambani has kept his annual salary from his flagship firm Reliance Industries capped at Rs 15 crore for 12th year on the trot in the fiscal ended March 31 and has thereafter decided to forego the entire remuneration in view of the COVID-19 pandemic.

    Family, politics & usual 'gup-shup': What Mukesh Ambani & Harsh Goenka discuss on a video-call

    The RPG Group boss lauded Ambani for making RIL a net-debt free company.

    Focussed on digitising MSMEs in India, on-boarding more sellers: Amazon

    The company has launched Local Shops on, offering shopkeepers and retailers with physical stores the ability to register to serve more customers from their local areas. Since launch, more than 11,000 sellers have enrolled in the program

    In telecom, ARPUs are headed towards Rs 200: Sushil Choksey

    Rs 1,900-2,100 is a fair value for Reliance stock based on the current situation.

    Q1 Takeaways: BP deal & lower tax kept RIL cash register ringing

    The numbers were on the expected lines, but a sharp drop in revenue from petchem business, drop in gross refining margin, a major hit on the proven cash generator oil & gas and retail business raises worry for the company.

    RIL Q1 results: Profit jumps 31% YoY to Rs 13,233 crore on exceptional gains, beats Street estimates

    RIL managed to bring down total expenditure by about 42 per cent YoY to Rs 87,406 crore from Rs 1,50,858 crore in Q1FY20.

    Explainer: How Mukesh Ambani made Reliance Industries a net debt-free company

    Billionaire Mukesh Ambani on Friday announced that his oil-to-telecom conglomerate Reliance Industries is now net-debt free months ahead of its March 2021 target after raising a record Rs 1.69 lakh crore from stake sales and rights issue in less than two months time. RIL turns net debt free well before its own target of March 2021. Here's an explainer video detailing Reliance's zero-debt dream fulfilled.Explainer: How Mukesh Ambani made Reliance Industries a net debt-free company

    RIL Q1 results preview: Jio likely to cushion Reliance Industries' Q1FY21 earnings

    Oil-to-telecom conglomerate Reliance Industries (RIL) is likely to report a drop in net profit for the quarter ended June as Covid-related disruptions may have impacted refining, petchem and retail businesses while telecom business Jio may be an outlier. Here's what to expect. Watch.RIL Q1 results preview: Jio likely to cushion Reliance Industries' Q1FY21 earnings

    RIL becomes India's first $150 billion company, Mukesh Ambani's net worth surges to $60 bn

    The market valuation of Reliance Industries Ltd crossed Rs 11 lakh crore on Friday as shares rallied over 6 per cent after chairman Mukesh Ambani announced that his oil-to-telecom conglomerate had become net debt-free. Reliance Industries is also the first Indian company to cross the Rs 11 lakh crore market valuation mark. Mukesh Ambani, the chairman and managing director of India's most-valued company Reliance Industries (RIL), today became the 11th richest person in the world as his real-time net worth crossed the $60 billion mark for the first time.RIL becomes India's first $150 billion company, Mukesh Ambani's net worth surges to $60 bn

    RIL becomes net debt free after raising Rs 1.68 lakh crore: Mukesh Ambani

    RIL said PIF’s investment marks the end of Jio's current phase of induction of financial partners.

    Mukesh Ambani makes Reliance net debt-free ahead of its March 2021 target

    Ambani wants to list both Jio Platforms and Reliance Retail within the next five years.

    Qatar sovereign fund in advanced talks with RIL for $1.5 bn investment in JioFiber: Report

    RIL has roped in Citigroup Global Markets, Moelis and Co and ICICI Securities Ltd have as investment bankers for the deal, revealed the Mint report. Mukesh Ambani has already raised over $20 billion via stake sales in Jio Platforms. The company is now looking to monetise its fibre assets held under Jio Digital Fibre.

    Reliance Jio may face stiff challenges as it targets global 5G tech space

    Experts say Reliance Jio will face stiff challenges as it enters the 5G club and offers its product to operators globally, with rivals Huawei, Nokia and Ericsson ahead in developing the technology and in filing patents. ET's Devina Sengupta has more. Watch now. (Text: ET Bureau)Reliance Jio may face stiff challenges as it targets global 5G tech space

    Reliance net debt-free: Mukesh Ambani achieves zero-debt dream ahead of time, courtesy Jio deals and rights issue

    Billionaire Mukesh Ambani on Friday announced that his oil-to-telecom conglomerate Reliance Industries is now net debt-free after raising a record Rs 1.69 lakh crore from global investors and a rights issue in under two months. Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm's digital arm, Jio Platforms Ltd, and another Rs 53,124.20 crore through a rights issue in the past 58 days. Taken together with last year's sale of 49 per cent stake in fuel retailing venture to BP Plc of UK for Rs 7,000 crore, the total fund raised is in excess of Rs 1.75 lakh crore, the company said in a statement.Reliance net debt-free: Mukesh Ambani achieves zero-debt dream ahead of time, courtesy Jio deals and rights issue

    The Reliance cheque that could mark the end of Kishore Biyani's play in retail

    Mukesh Ambani has been buoyed by investments close to $20 billion from backers including Google and Facebook in his oil-to-telecoms conglomerate, and is seeking to strengthen his hand in India's huge retail sector with the Future deal.

    Street valuing RIL in line with tech giants

    Various widely-tracked financial ratios show investors have re-rated Reliance shares in line with the technology companies such as Facebook, Apple, NVIDIA, Google, Microsoft, Amazon, and Netflix, which stand for FANGMAN.

    RIL climbs a new high: Are Jio deals alone pushing the stock?

    On Tuesday, shares of Reliance Industries hit an all-time high of Rs 1,647.85.

    Amazon deal talk may cut Reliance Retail’s grey market price by half

    ETNow on Thursday reported that RIL was holding preliminary talks to sell about 10 per cent stake in Reliance Retail (RRL) to Amazon.

    Mukesh Ambani gets 5.52 lakh shares in RIL rights issue; co allocates shares

    Mukesh Ambani now holds 80.52 lakh shares or 0.12 per cent of RIL, up from 75 lakh shares held before the rights issue.

    Reliance breaks into top 50 most valued cos globally, ranks 48

    The oil-to-telecom conglomerate is ranked 48th in market cap globally, according to stock market data.

    RIL spikes 4% on buzz around stake sale in Reliance Retail

    The stock closed at a record high of Rs 2,076, up 3.59 per cent on the NSE. Thanks to the rise in prices, the valuation of the company rose to Rs 13.16 lakh crore.

    Mukesh Ambani to forgo salary, hydrocarbons staff face 10% cut

    Salaries of those earning less than Rs 15 lakh a year in the hydrocarbons business have been left unchanged.

    Reliance Industries announces pay cuts, Mukesh Ambani to forgo entire compensation

    Besides Ambani, the board of directors, exec committee members and senior staff will also forgo 30-50% pay.

    6 deals in 6 weeks: Mukesh Ambani gets Rs 87,655 cr in Reliance Jio stake sale

    Reliance Industries on Friday announced the sale of 1.85 per cent stake in its digital unit to Abu Dhabi-based sovereign investor Mubadala for Rs 9,093.60 crore, the sixth deal in as many weeks that will inject a combined Rs 87,655.35 crore in the oil-to-telecom conglomerate to help it pare debt. The latest would take the combined holding to 18.97% and investment amount of up to Rs 87,655.35 crore.6 deals in 6 weeks: Mukesh Ambani gets Rs 87,655 cr in Reliance Jio stake sale

    Amid pandemic, investors bet on Mukesh Ambani's Jio and its giant-killer playbook

    Over the past six weeks, Jio Platforms raised a striking $10 billion from global investors.

    Mukesh Ambani nears deal with top sovereign funds from Middle East for Jio

    Any new investment would add to the $10 billion that Jio Platforms has raised in recent weeks.

    Reliance plows billions from stake sales into debt funds

    Mukesh Ambani’s dealmaking lured about $20 billion of investments from Google to Facebook Inc. into his digital platform in recent months, raising much anticipation over his plans for the money.

    Mukesh Ambani-Mark Zuckerberg partnership will upend payments sector: Experts

    The Reliance Jio-Facebook partnership is expected to upend the digital payments sector, crowd out small players and drive consolidation, fintech experts said.

    Reliance and Future Retail in the process of finalising share-swap deal

    The swap arrangement would result in Kishore Biyani and other shareholders of Future holding shares in RIL, one person aware of the development said. Reliance would directly repay Future’s lenders but would not pay any cash to its shareholders, said these people.

    For Mukesh Ambani and Mark Zuckerberg, small business is good business

    India’s richest man, Mukesh Ambani, is bullish on small businesses and on Wednesday, he took it a step further by inking a deal with social media giant Facebook. Ambani, who wants to wield the power of his telecommunication company Jio, does not want to reinvent the wheel. In some cases he prefers to buy a stake in a startup that can play a part in his larger vision, and at other times collaborating with established companies to reach out to small businesses.

    Watch: Statement by Mukesh Ambani on Facebook-Reliance Jio deal

    US tech titan Facebook has acquired a 9.99 per cent stake in Mukesh Ambani’s digital operation Reliance Jio, the telecom arm of Reliance Industries Ltd (RIL), for USD 5.7 billion (about Rs 43,574 crore), in a deal that puts the pre-money enterprise value of Jio Platforms at Rs 4.62 lakh crore. Here’s the video statement by Chairman & Managing Director Sh Mukesh D. Ambani.Watch: Statement by Mukesh Ambani on Facebook-Reliance Jio deal

    Mukesh Ambani's RIL gain 6% on Jio-Facebook deal

    Shares of Reliance Industries Ltd. traded 5.63 per cent up in trade at 09:39AM on Wednesday.

    RIL’s story was of being at the right place at the right time: Arvind Sanger

    ‘It does not look like any great new deal is about to happen in the refining and petrochemical business’

    Jio Platforms: Reliance seen emerging as bigger threat for US firms like Amazon, Walmart

    Reliance has a track record of disrupting rival businesses. On Wednesday, billionaire chairman Mukesh Ambani said Reliance will expand e-commerce platform JioMart - which connects small retailers with consumers - to offer not just groceries but also electronics and fashion goods.

    View: Can Ambani take on Chinese giants like Tencent, Huawei and Xiaomi?

    Ambani still has to demonstrate that one firm can be India’s answer to everything, from Zoom and Tencent to Huawei and Xiaomi, while also being a large telco like Verizon.

    Voda Idea tumbles 10% ahead of crucial tribunal hearing

    In Thursday's session as reports suggested the company was up for a long legal battle over its premium plans after Reliance Jio appealed to the telecom tribunal to hear its side before passing an order.

    One-year target price for Reliance is Rs 2,000: SBICAP Securities

    ‘We have seen some profit taking on Wednesday and the stock is most likely to stabilise around Rs 2,000 levels and then gradually earnings will be the catalyst.’

    After a $20 billion Jio frenzy, India's richest man is now seeking money for retail

    Asia’s richest man and the chairman of RIL told shareholders Wednesday that Reliance Retail Ltd. is getting inquiries from investors and may start bringing some on board in the coming months.

    ReNew Power plans to start manufacturing solar cells, eyes China-dominated global market

    Renewable energy is increasingly attracting interest of prominent business leaders. Gautam Adani recently announced plans to invest heavily in the sector to become the world’s biggest renewable energy company, while Mukesh Ambani told his shareholders on Wednesday that Reliance Industries will invest in solar, wind, hydrogen and other clean technologies, and make the company carbon-neutral in 15 years.

    Reliance to replace auto fuels with electricity, hydrogen; targets carbon-zero co by 2035

    The oil-telecom-to-retail conglomerate, which has pivoted away from energy to the new economy in recent years, will use technology to convert carbon dioxide into valuable chemicals and other material building blocks. The company operates 1.36 million barrels per day refineries at Jamnagar in Gujarat and is one of the leading petrochemical manufacturers in the world.

    Jio 5G solution, Jio TV Plus, Jio Glass, affordable smartphones: Top Jio announcements made at 43rd Reliance AGM

    Reliance Industries Wednesday said Jio has developed a Made-in-India 5G solution that can be ready for field deployment next year. Addressing RIL's 43rd Annual General Meeting, chairman Mukesh Ambani also announced Rs 33,737 crore investment by Google for a 7.7 per cent stake in Jio Platforms, and said Jio will partnering with the US tech giant to build an Android-based operating system for affordable 4G/5G smartphones. Watch highlights of the key Jio announcements made by the Ambanis at RIL AGM. (Text: PTI)Jio 5G solution, Jio TV Plus, Jio Glass, affordable smartphones: Top Jio announcements made at 43rd Reliance AGM

    Ambani has shown a great vision, has to figure out monetisation strategies: IDC

    Jio plans puts a lot of pressure on the incumbents at a time when they are busy fighting their AGR and other battles.

    RIL m-cap tanks by over Rs 1 lakh crore on 43rd AGM: Key highlights

    Jio Meet since its release a few days ago has already been downloaded by 5 million users and is India’s most secure and cost-effective video conferencing platform.

    Jio investment first, biggest of India investment plans: Google CEO Sundar Pichai

    Pichai, announcing the partnership with Reliance Jio on Wednesday added, more work needs to be done to provide digital access to billions of Indians who still don't own a smartphone. Google and Jio Platforms have entered into a commercial agreement to jointly develop an entry-level affordable smartphone with optimizations to the Android operating system and the Play Store.

    Jio to develop an entry-level affordable smartphone in partnership with Google

    ​​​Speaking during the 43rd AGM, the RIL chairman said that the duo will find areas to collaborate in the technology ecosystem.

    Google to invest Rs 33,737 crore for a 7.7 per cent stake in Jio Platforms

    RIL chairman Mukesh Ambani confirmed Google's investment during the 43rd AGM.

    Reliance Jio's complaint leads to Trai blocking Airtel, Vodafone Idea premium plans

    Jio asked Trai Chairman to check if Voda Idea’s RedX and Airtel’s Platinum premium tariff plans are in compliance with India’s extant regulatory framework or if they violate consumer interest.

    Reliance to expand JioMart to fashion, phones, electronics; bets on hyperlocal model

    Two senior industry executives said while Reliance Retail stores are currently fulfilling orders in JioMart, it will eventually have a hybrid model whereby its own retail stores and local neighbourhood shops will be roped in for order fulfilment.

    RIL hits fresh all-time high ahead of 43rd AGM: Key things to watch

    The energy-to-telecom behemoth will hold its AGM through video conferencing and other audio-visual means this time due to the Covid-19 pandemic.

    Focus on Google investment, retail arm at Reliance AGM: Centrum Broking

    'Reliance could now talk about outlining the next phase of big value unlocking.'

    I see no negatives for Reliance for next three-five years: Sanjiv Bhasin

    'The real encashment will be what the future plan is of the Jio listing and so on.'

    Auto components bigwig Anurang Jain buys 2 South Mumbai apartments for Rs 100 crore

    The purchase is also among the costliest in the country on a per sq. ft. basis, with Jain having paid almost Rs 1.57 lakh per sq. ft. for the apartments. Each apartment has an area of over 3,185 sq. ft. and Jain gets access to eight car parking slots.

    What shareholders can expect from virtual Reliance AGM on Wednesday

    Mukesh Ambani-led Reliance Industries will hold its first virtual annual general meeting (AGM) of shareholders on July 15 as public gatherings are not possible in view of the coronavirus pandemic.'s Amritesh Malhan brings you a lowdown of what all to expect. (Text: PTI)What shareholders can expect from virtual Reliance AGM on Wednesday

    We need to see if there are any surprises in Ambani’s speech at RIL AGM today: Sushil Choksey

    ' I would definitely look for his vision from a capex cycle on each vertical.’

    Walmart leads $1.2 billion round in Flipkart at $25 billion valuation

    This is the largest such fundraising for Flipkart since Walmart acquired it two years ago for $16 billion, valuing it at $21 billion then, making it one of the largest foreign investments in the country’s fledgling internet ecosystem.

    Another cheque for Ambani? Google in advanced talks to invest $4 billion in Reliance Jio: Reports

    Google is in advanced talks to buy a stake in Reliance Industries digital arm Jio Platforms, according to a Bloomberg report. The search giant's boss Sundar Pichai, in an interview to ET earlier, had neither denied nor confirmed reports of Google’s interest in Jio. Google has pledged $10 billion in India over the next five to seven years. Reliance’s digital services business unit, netted almost $16 billion in a fundraising blitz.Another cheque for Ambani? Google in advanced talks to invest $4 billion in Reliance Jio: Reports

    Sundar Pichai is ready to realize India’s potential with the way CEOs know best: A fat cheque

    The American search-engine giant said its Google unit plans to spend $10 billion over the next seven years on operations, infrastructure and investments as a “reflection of our confidence in the future of India and its digital economy.”

    Google in advance talks to invest $4 billion in Jio Platforms: Report

    Shares of Reliance Industries (RIL) pared most of their day’s losses on reports that US tech giant Google is in advanced talks to invest $4 billion in Jio Platforms.

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