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Mukesh Ambani hails RIL staff as 'frontline warriors', reiterates co's role in India's war against COVID-19

In a mailer to over two lakh employees of the oil-to-telecom conglomerate, the country's richest person said he was humbled to witness each one of them displaying extraordinary levels of commitment in battling most formidable adversity in modern history. In an internal note emailed on April 4, he informed of comprehensive COVID-19 tracking and treatment facility for all RIL staff.

Slowdown in India is temporary, govt reforms will pay off: Mukesh Ambani

Mukesh Ambani said the country has reasons to be more optimistic for the next decade.

Mukesh Ambani donates additional Rs 500 cr to PM's emergency fund

The RIL Chairman already built the country's first COVID-19 hospital, and offered fuel to emergency vehicles carrying patients.

Reliance Industries initiates work-from-home for staff amid novel coronavirus outbreak

Chairman and Managing Director Mukesh Ambani will hold a meeting almost every third day to take stock of the impact of novel coronavirus (Covid-19) outbreak on his employees and business, officials said. The oil-to-telecom conglomerate initiated a work from home protocol for its employees across the country and overseas in response to the evolving Covid-19 situation. This protocol will be effective until March 31.

Mukesh Ambani’s plans to make Reliance debt-free hit multiple snags

The country’s richest family becoming the subject of a tax probe is unprecedented and has surprised many.

Reliance Industries surges 11% as Mukesh Ambani, family raise stakes

Mukesh Ambani, who personally held 72.31 lakh shares or 0.11 per cent of RIL, raised his holding to 75 lakh shares or 0.12 per cent.

Pandemic impact: Mukesh Ambani's net worth drops 28% to $48 billion in 2 months

Net worth of Reliance Industries’ Mukesh Ambani fell 28% to $48 billion in the last 2 months.

Jio-Microsoft partnership will define this decade: Mukesh Ambani

Jio had earlier last year signed a long-term alliance with Microsoft for the launch of new cloud data centres. Under the deal, Microsoft will bring in the Azure Cloud on the Jio Network targeting the enterprise and small business users who want to make a shift to a cloud technology infrastructure.

Reliance Industries to raise Rs 25,000 crore via NCDs

The fundraising would be done in tranches from time to time, on a private placement basis.

Mukesh Ambani's RIL to consolidate media and distribution business

The restructuring will create a mega diversified media entity with interests in news, entertainment, internet, ISP and cable businesses that can compete with Zee Group, Bennett Coleman and Co Ltd, the publishers of The Economic Times, Sun Tv Networks, Sony among others. The boards of these companies met on Monday to clear the proposal.

Coke’s James Quincey talks retail tieups with Mukesh Ambani

“The discussion was about how Coca-Cola could come on board with Reliance for various sponsorships and furthering their retail association,” one of the officials said. “Typically, such associations drive higher footfalls for the retailer and in-store visibility for the brand.”

Reliance Industries shares worth Rs 9,145 crore change hands

Shares of RIL on Friday ended at Rs 1,065.5, 0.86 per cent lower, on the BSE.

When Mohandas Pai praised 'great industrialist' Mukesh Ambani during Janata Curfew

Ambani's special tribute to health service providers caught Pai's attention.

Mukesh Ambani sees online gaming as next big thing in India

India is witnessing the growth of online fantasy sports leagues, quizzing and card games.

Game On! This could be Mukesh Ambani's next big bet

While talking to Microsoft's Satya Nadella, Ambani said that gaming could be the next big industry in India.

Reliance Industries is India's answer to Exxon, AT&T, Amazon - all rolled into one

RIL has disrupted the energy and telecoms industry and could soon do the same to retail, fintech, and media.

Mukesh Ambani saw his wealth surge $18 billion this year

The surge in Ambani’s fortunes this year was fueled by a 40% jump in the shares of his conglomerate RIL.

Former Indian Oil chief Sarthak Behuria joins RIL as an advisor

Behuria , who was the chairman of IOC between 2005-10, started his career with Burmah Shell in 1973, which was nationalized in 1976 and renamed as Bharat Petroleum Corporation, where he rose to the position of director (marketing) in November, 1998 and as Chairman & Managing Director, in July, 2002.

Mukesh Ambani, Premji, Kotak, Mittal's wealth hit by market crash; but Damani is still smiling

The nearly $19 billion fall in net worth for Mukesh Ambani was the fifth worst globally.

One-time billionaire Anil Ambani says he's now worth nothing

"The value of my investments has collapsed. I don't hold assets which can be liquidated,” Ambani said.

Mukesh Ambani loses Asia wealth crown to Jack Ma in $5.8 billion rout

Jack Ma is back on top with a $44.5 billion fortune, about $2.6 billion more than Ambani.

#9Baje9Minute: Rajini, Tata, Ambanis stand in solidarity with the nation, light candles & diyas after PM Modi’s appeal

Akshay Kumar, DeepVeer and Big B also participated in #9Baje9Minute.

Coronavirus Hit! Mukesh Ambani loses $5 billion; Ajim Premji $869 million, Adani $496 million

This stock rout has wiped off Rs 11.52 lakh crore of equity investors’ wealth on Dalal Street.

Reliance Jio doesn't have a single Chinese component, Mukesh Ambani tells Donald Trump

Washington in the past has put pressure on New Delhi to keep China's Huawei out of the India's 5G deployments. The Indian government, however, has allowed Huawei and ZTE, another Chinese company, to participate in 5G trials. New Delhi will take a separate call on allowing Huawei to participate in the commercial deployments of the next generation technoligy in India.

Adanis, Ambanis outdid Sensex in painful FY20, thanks to a few chosen stocks

Mukesh Ambani-led Reliance group’s RIL and a microcap stock performed well.

India added 3 billionaires a month in 2019; Mukesh Ambani richest Indian

In total, India got 34 new billionaires to take the count to 138 on the list.

Mukesh Ambani retains world's richest Indian tag, Uday Kotak becomes wealthiest self-made banker

According to the Hurun report, only 3 Indians are ahead of Kotak in the top 100 list.

You've done a great job on 4G, energy: Trump to Mukesh Ambani

"Great job you have done. Thank you," Trump told Ambani who briefed him about the RIL investment in the US and India business at the CEO roundtable event organised at the US Embassy here. "We are investors in the United States in the energy sector and have invested $7 billion towards that," Ambani told Trump who immediately replied: "$7 billion, yeah, big one."

Every entrepreneur in India has the potential to be a Dhirubhai Ambani or Bill Gates: Mukesh Ambani

Saying that India has transformed tremendously over the past two decades -- from a $300 billion economy in early 1990s to becoming a $3 trillion economy in 2020 -- Ambani stressed that India is on track to become one of the top three economies of the world.

India at cusp of becoming premier digital society; to be among top three world economies: Mukesh Ambani

Reliance Industries Chairman Mukesh Ambani on Monday said India is at the cusp of becoming a "premier digital society", and will be among the top three economies of the world.

India Inc offers monetary aid, other packages

Ratan Tata, chairman, Tata Trusts, said the Trusts and the Tata group together would contribute Rs 1,500 cr to fight the pandemic. Reliance Industries chairman Mukesh Ambani will contribute Rs 5 cr to the chief minister’s relief fund. Gautam Adani, chairman of Adani Group, said that Adani Foundation will contribute Rs 100 cr to the PM-CARES Fund

RIL share price hits 52-week low; Mukesh Ambani loses Rs 1.11 lakh crore in 70 days

The scrip has fallen 28% in the current calendar year, making a $15.2 billion dent for Ambani.

Slowdown temporary, opportunity ahead: RIL Chairman Mukesh Ambani

"The current slowdown is temporary," Ambani said at the opening plenary of the third edition of Future Investment Initiative (FII) in Riyadh on Tuesday.

Reliance seeks to sell Mideast crude cargoes in rare move

Reliance, controlled by billionaire Mukesh Ambani, has offered various grades of Middle East crude for sale in Asia's spot market, including grades such as Abu Dhabi's Murban crude and Qatar's al-Shaheen crude, four sources said.

Facebook in talks to acquire 10 per cent stake in Jio: Reports

The FT report said Google had also been talking to Jio separately, citing one of the people above. Microsoft had said last year that it would provide cloud-computing services to businesses along with Jio. India is the biggest market for Facebook with 328 million monthly users and the company’s WhatsApp messaging app has 400 million users in the country, also the most in the world.

Covid-19 scare: PM Modi seeks industry help to stop movement of urban labour class to rural areas

PM Modi also urged corporate houses to contribute generously to the government’s coffers. He assured instant approvals for any regulatory permissions required for them to work towards fighting the disease, top officials said.

Facebook eyes multi billion dollar stake in Reliance Jio: FT

Facebook Inc is in talks to buy a multi billion dollar stake in Reliance Industries Ltd's telecom unit, the Financial Times reported on Tuesday, citing two people with knowledge of the matter.

Coronavirus news: Reliance sets up India's first COVID-19 dedicated hospital in Mumbai

Reliance Industries Limited (RIL) has set up India's first COVID-19 dedicated hospital in Mumbai. This first-of-its-kind-in-Indiacentre is fully funded by Reliance Foundation and includes a negative pressure room that helps in preventing cross contamination and helps control infection. All beds are equipped with the required infrastructure, biomedical equipment such as ventilators, pacemakers, dialysis machines, and patient monitoring devices. 101 positive COVID-19 cases have been reported in Maharashtra so far.Coronavirus news: Reliance sets up India's first COVID-19 dedicated hospital in Mumbai

Stocks rout wipes off wealth that equals 40% of GDP, 7 times India’s fiscal deficit

The selloff has hurt everyone from smallest investor to the biggest billionaire equally hard.

‘Ambani overseas income case’: I-T department seeks clarifications

We once again strongly deny any suggestion that any member of Mukesh Ambani family had or has any undisclosed foreign income or asset and that they failed to disclose the same: RIL spokesperson.

HCL's Shiv Nadar tops givers list, Mukesh Ambani comes third

Azim Premji, who created headlines by announcing a USD 21 billion commitment to charity, is second in the Edelgive Hurun India Philanthropy List 2019.

Ambanis marginally increase stake in Reliance

Mukesh Ambani, who personally held 72.31 lakh shares or 0.11 per cent of RIL, raised his holding to 75 lakh or 0.12 per cent.

Supreme Court junks Vodafone Idea plea against one-time spectrum levies

SC's directions come at a time when the top court is scheduled to hear the modification appeal filed by Vodafone Idea and other telcos on AGR dues, on Tuesday.

Jio arms itself with own cutting-edge tech, telecom could be in for another reset

Till now, Jio has been depending upon 4G voice technology supplied by Oracle and Nokia. According to a company exec, Jio has already replaced Orclae and Nokia techs with its own in an effort to cut reliance on foreign third-party suppliers.

Corporate chatter: When Ambani's SIL discussed Sharon Stone with Blackstone boss; Yes Bank's last pitch to RBI

Piramal was seen engaged in a riveting fireside chat with Stephen Schwarzman.

Reliance Jio builds in-house 5G, IoT; replaces Nokia, Oracle tech to reduce dependence on foreign gear

The Mukesh Ambani-owned company has replaced Nokia’s and Oracle’s 4G voice technology with its own, a senior company executive said. The move is perhaps a global first, analysts said, where a mobile phone company has developed in-house technology to replace third-party equipment vendors.

View: SBI's card unit's IPO reflects the Mukesh Ambani factor

SBI Cards IPO could have boundless prospects, or become a victim of arrested development.

RIL may get new MD before April 1; Manoj Modi, Meswanis among probables

SEBI has mandated to separate the roles of chairman and MD of all listed entitled by April 1.

Indian refiners RIL, Nayara Energy plan to wind down Venezuelan oil buys in April: Sources

Such a step by Reliance, which operates the world's biggest refining complex, and Nayara - part owned by Russian oil major Rosneft - would severely curtail purchases by one of Venezuela's last big export destinations. India accounted for about a third of Venezuela's oil shipments in January.

Mukesh Ambani richest Indian with net worth of Rs 3,80,700 crore: Report

Mukesh Ambani has topped the list of richest Indians for the eighth consecutive year.

Sony in talks to buy stake in Mukesh Ambani's TV network

Talks are at a preliminary stage and may not result in a transaction, according to people familiar with the matter.

Reliance Jio user addition in December falls sharply: Trai

Mukesh Ambani-led Jio added a modest 82,308 mobile users, taking its subscriber base past 370 million in December, way below the 9.1 million and 5.6 million customer-adds reported by the company in October and November respectively last year.

Developers need to be responsible, should focus on trust, inclusivity: Nadella

The India-born top executive also highlighted that developers should work with diverse teams, so that "unconscious biases" do not creep into the models used for developing AI. According to Microsoft, there are about 4.2 million developers in India and the country is poised to become the numero uno destination for such talent in the coming years.

In Mumbai, Microsoft boss Nadella trumpets cloud tie-up with India's Reliance

"We've been working with Reliance across the entire stack - everything from what they are going to be doing with Azure in their own data centres and how they will extend it... It's sort of a great example of a business leader and a company which is in very diverse sectors to take a platform approach, to use technology to create more technology," said India-born Nadella at the event in Mumbai.

India can become premier digital society, Ambani tells Nadella at Microsoft event

Reliance Industries Chairman Mukesh Ambani on Monday said India has an opportunity to become a 'premier digital society', and it will be among the top three economies of the world. In this conversation with Microsoft Chief Executive Satya Nadella at the Future Decoded CEO Summit in Mumbai, Ambani said the big change driving this transformation is the deepening of mobile networks which are working at a much faster pace than before. Watch now. (Text: PTI)India can become premier digital society, Ambani tells Nadella at Microsoft event

Voda Idea’s exit may increase Airtel, Jio’s opex & capex: Analysts

Analysts though said it won’t be a cakewalk for either Airtel or Jio as they would need to invest top dollars in fresh spectrum resources to boost their respective network capacities to take on VIL’s customers.

Radhakishan Damani becomes India’s 2nd richest person

A recluse to the core, Radhakishan Damani does not give media interviews or attend market-related events.

Mukesh Ambani advises fellow telecom billionaires how to raise money

Airtel can easily raise Rs 40,000 crore by selling assets, while Voda Idea has no dearth of funds, he said.

Mukesh Ambani richest Indian for eighth straight year

Gautam Adani stormed into the top 5 with a total wealth of Rs 94,500 crore.

Anil Ambani fully involved in company operations, says UK Court

“It is clear that Ambani is not a titular chairman and is involved in running the company," a UK Court said.

Family businesses are doing better than rest of India Inc

Family businesses have earned 14% annualised returns between January 2017-2020 on the stock exchanges.

Slowdown in India temporary, reforms undertaken to reverse trend: Mukesh Ambani

Billionaire Mukesh Ambani on Tuesday said the slowdown in the Indian economy is temporary and the recent measures taken by the government will help reverse the trend in the coming quarters. Speaking at Saudi Arabia's annual investment forum, also known as 'Davos in the desert', he said the reforms undertaken by Prime Minister Narendra Modi's government since August will bear fruits in the next few quarters.Slowdown in India temporary, reforms undertaken to reverse trend: Mukesh Ambani

Recent reform measures to revive Indian economy soon, says Mukesh Ambani

Mukesh Ambani said the reforms undertaken by Modi govt since August would bear fruits in the next few quarters.

Power play: Mukesh Ambani, SRK, Ekta Kapoor get a spot on Variety's 500 Most-Important People list

Aamir Khan and Siddharth Roy Kapur are also among the 10 Indians on the list.

Mumbai Indians crosses Rs 100 crore in sponsorships

A Mumbai Indians spokesperson confirmed of signing a three-year deal with Marriott Bonvoy, the loyalty programme for all the 30 hotel brands of Marriott International, while declining to share the financial details.

Anil Ambani to pay $100 mn in conditional order for Chinese banks: UK court

The lawsuit was filed by Chinese banks which argue that they provided a loan of $925 mn to RCom.

Inside Mukesh Ambani's plan to make Reliance a zero-net debt company in 18 months

Reliance has invested nearly Rs 5.4 lakh crore over the last five years to generate EBITDA in excess of $1 billion annually for over a decade.

RIL aims to launch waste plastic product for road construction

RIL is in talks with state governments and local bodies across the country for offering the technology.

Mukesh Ambani overtakes Larry Page, Sergey Brin to become 9th richest in the world

According to Forbes' 'The Real-Time Billionaires List', Ambani's 'real-time net worth' stood at $60.8 billion on Thursday.

Goyal-Amazon row: UKIBC says e-commerce sector misunderstood, India should welcome investments

The comments from the UK India Business Council, lobby grouping, come after there was a sharp criticism of Goyal for saying Amazon was not doing India a favour by the investment announcement. India's GDP growth is set to slow to a decadal low of 5 per cent for 2019-20 and all eyes are set on the strategy deployed by the government in the upcoming Budget.

Reliance's partnership with Saudi Aramco not a retreat from energy business: Report

Aramco will now supply 500,000 barrels per day of crude on a long-term basis to RIL's Jamnagar refinery.

Mukesh Ambani keeps salary capped at Rs 15 cr for 11th yr in a row

Ambani has kept salary at Rs 15 crore since 2008-09, forgoing over Rs 24 crore per annum.

PIL filed in SC against DoT for not taking coercive action on AGR dues

The petition states that telcos have “willfully” “disobeyed” paying their AGR dues by the January 23 deadline.

Walmart’s cash & carry business may go to Flipkart

The move comes shortly after talks with the Tata Group made no headway.

RIL m-cap nears Rs 10 lakh crore; Mukesh Ambani now world's 12th richest man

On a year-to-date basis, Mukesh Ambani's wealth increased by $13.70 billion to $58 billion.

View: A $21 billion telecom war comes down to just $2

New Delhi wants nearly $21 billion in back license fees and spectrum usage charges, including penalties, interest.

If I lose US presidential election, markets will crash: Donald Trump

US President tells India Inc to invest billions and promises to cut more regulation. Some industry leaders in attendance told Trump their companies are investing in the US. Trump responded to every investment commitment with fulsome praise. He also pegged reduction in regulations to his re-election.

Mukesh Ambani’s shareholding has not increased in company, says RIL

Reliance was clarifying on reports Wednesday that said Ambani’s stake in the company has increased to 48.87% due to a scheme of arrangement.

Positive IUC revenues help Jio avoid eighth straight quarterly ARPU fall

ARPU is a key performance metric closely linked to the profitability in a capital-intensive sector like telecom where companies need to invest a lot on infrastructure.

Mukesh Ambani's stake hike in Reliance only representational: Kotak Securities

Kotak said RIL transferred the treasury shares held by its subsidiaries to Reliance Services and Holdings.

Mukesh Ambani’s shareholding in RIL increases to 48.87%

Reliance Services and Holdings on Tuesday said that it has acquired 2.71 per cent stake.

Prince Charles turns 71; spends birthday with Mukesh Ambani, Ratan Tata, Katy Perry in Mumbai

The Indian business leaders discussed sustainable market initiatives with the British royal.

RIL-Saudi Aramco deal unlikely to close by March-end, says CFO

Mukesh Ambani-led Reliance Industries is unlikely to close the deal for 20 per cent stake in its oil to chemicals business to Saudi Aramco by March 31 this year, according to a senior company official.

What drove RIL’s record quarterly show: Key highlights of Q3 earnings

Reliance Jio's Q3 profit surged 62% YoY to Rs 1,350 crore, while Arpu fell to Rs 128.40.

Reliance Jio Q3 profit surges 62% to Rs 1,350 crore; Arpu falls to Rs 128.4

Total capitalisation of Jio Platforms stood at Rs 1,70,000 crore, Reliance said in a regulatory filing.

RIL Q3 results: Here's what to expect and factors to watch out for

Oil-to-telecom major Reliance Industries (RIL) is expected to report a 10-14 per cent yearly rise in profit for the December quarter. Retail and telecom businesses may do well, but petchem business may show some weakness. Refining margins for the quarter are likely to stay in $9.2-9.6 range, analysts said.RIL Q3 results: Here's what to expect and factors to watch out for

Why Jeff Bezos' billion-dollar pledge hasn't impressed anyone in India

Bezos faced opposition during his tour to India intended to underscore its importance as Amazon's growth driver.

Mukesh Ambani hosts nephew's pre-wedding bash; Isha, Shloka, Radhika dazzle in Anamika Khanna outfits

The starry affair saw SRK and the Bachchans in attendance.

Amazon is to invest $ 1 billion in Indian SMBs: Jeff Bezos

Addressing the audience and talking about his entrepreneurial journey, he said, “I had this idea and I knew that if I don’t try I would regret it. Last 25 years, what happened is beyond my expectation.”

Mukesh Ambani visits Lalbaugcha Raja; Anant, Akash-Shloka, Bachchans accompany

The Ambanis and Bachchans were dressed in their festive best.

Leverage, deals & a succession plan: Mukesh Ambani has an eye on the future

This portfolio management exercise by Mukesh Ambani, 62, is also about baby steps toward succession planning.

Reliance JioFibre: Mukesh Ambani unveils broadest range of plans

Mukesh Ambani's much anticipated fiber-to-the-home (FTTH) service is finally launched. JioFiber plan rentals will start at Rs 699 and will go up to Rs 8,499. The lowest tariff will start with 100 Mbps speed. Most tariff plans come with access to all the services.Launched on August 12, Jio Fiber will see its commercial rollout today. The service, which has the potential to alter the broadband landscape in IndiaReliance JioFibre: Mukesh Ambani unveils broadest range of plans

Mukesh Ambani's bet on India's rising middle class is paying off

The growing power of India's middle class will help Ambani take on Amazon and Walmart Inc in the country.

Expectations high on 'mini' trade deal during Trump's visit: India Inc

India is demanding exemption from high duties imposed by the US on certain steel and aluminium products, resumption of export benefits to certain domestic products under the Generalised System of Preferences, and greater market access for its products from sectors like agriculture, automobile, auto components and engineering.

Industry chiefs seek faster approvals, labour reforms in meeting with CM

The meeting, a first after Shiv Sena chief Uddhav Thackeray became the Chief Minister of the state, saw industrialists like Mukesh Ambani, Ratan Tata, Adi Godrej, Anand Mahindra, bankers such as Deepak Parekh and Uday Kotak speaking on the steps required to give a boost to state’s growth.

Mukesh Ambani wants to make Reliance Jio "virtually net debt free" by March 31, 2020

Reliance Industries Ltd (RIL) on Friday said it will set up a new subsidiary to bring all its digital initiatives and apps under a single entity, and infuse Rs 1.08 lakh crore equity into this new unit. The new structure is similar to those adopted by tech titans globally, and will offer a compelling investment proposition to strategic and financial investors, many of whom have evinced strong interest in partnership, the company said in a statement, adding that this will also create the largest digital services platform company in India.Mukesh Ambani wants to make Reliance Jio "virtually net debt free" by March 31, 2020

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