Reliance Industries Ltd (RIL) Director Mukesh Ambani has acquired Britain’s iconic country club and luxury golf resort, Stoke Park, for £57 million ( about Rs 592 crore). Worth mentioning here is that this is the second time Ambani has bought a legacy British brand. In 2019, he acquired the 261-year-old […]
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Mukesh Ambani dethrones China’s Jack Ma to be Asia’s richest person again
Reliance Industries Chairman and billionaire Mukesh Ambani reclaimed his spot as Asia’s richest person, dethroning Chinese business magnate, investor and philanthropist Jack Ma, who was the richest person in the region a year ago. Business tycoon Ambani, the richest person in India and also the wealthiest in Asia, is ranked 10 on […]
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Reliance to embed e-commerce app into WhatsApp within six months
Mukesh Ambani’s Reliance Industries plans to embed its ecommerce app JioMart into WhatsApp within six months, financial daily Mint reported https://bit.ly/3oTRtPB on Monday, as the Indian conglomerate looks to ramp up its retail and grocery business in the country. Reliance, which has been trying to move away from its mainstay […]
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Reliance is net-debt free after Rs 1.69 lakh crore fund raising: Mukesh Ambani
Billionaire Mukesh Ambani on Friday said his flagship firm Reliance Industries is now net-debt free after a record Rs 1.69 lakh crore fund raising in under two months. In a statement, Ambani said Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a […]
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Mukesh Ambani’s Jio adds TPG to backers with $600 million sale
TPG Capital agreed to pay 45.4 billion rupees ($600 million) for a stake in Jio Platforms Ltd., the telecommunications and digital services business of Reliance Industries Ltd., India’s largest company. The deal is for a 0.93% share, Reliance said in a statement. The Texas-based private equity firm’s backing adds to […]
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Asia’s richest man Mukesh Ambani added $17 billion to his fortune this year
It’s been a good year for Asia’s richest man, Mukesh Ambani. The Indian tycoon added almost $17 billion to his wealth as of Dec. 23, the most in Asia, taking his net worth to about $61 billion, according to the Bloomberg Billionaires Index. In comparison, Alibaba Group founder Jack Ma’s […]
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Mukesh Ambani’s RIL, valued at $138 billion, now world’s 6th largest oil company
Reliance Industries Ltd., run by Asia’s richest man Mukesh Ambani, has eclipsed BP Plc to break into an elite club of energy supermajors. The Indian conglomerate is now valued at $138 billion, compared with the British energy giant’s $132 billion value at the close of trading on Tuesday. Reliance’s shares […]