Global investment firm KKR on Thursday said it has floated a separate company, Virescent Infrastructure, to acquire renewable energy assets in India. Virescent currently owns 317 MW of solar assets located in Maharashtra and Tamil Nadu.
The firm is also offering an advance 30 per cent of the variable pay from the next year's salary to its lakh-plus employees as a goodwill gesture for working during the pandemic, two persons familiar with the matter said.
Mukesh Ambani-owned Reliance Jio has become the first mobile service provider in the country to cross 40 crore customers mark.
Amid the Covid-19 pandemic which hit India hard and led to a sharp economic contraction, half of the nation's 100 richest on the 2020 Forbes India Rich List saw gains. Their collective net worth rose 14 per cent to $517.5 billion from a year earlier, even as the benchmark BSE Sensex stock index remained flat from a year ago.
Reliance Industries Ltd (RIL) Chairman Mukesh Ambani said on Monday that AI and other associated technologies of the 4th Industrial Revolution will vastly expand the capacity to solve most complex and pressing problems before India and the world.
Billionaire Mukesh Ambani on Monday pitched for the government framing new regulation to protect data and ensure data privacy, saying nations will increasingly compete on digital capital in the coming decades.
IIFL Wealth Hurun India Rich List 2020: Reliance Industries MD and chairman Mukesh Ambani continues to be the richest Indian for the ninth consecutive year on Hurun India Rich List 2020 with Rs 6,58,400 crore of personal wealth.
Industrialist Mukesh Ambani's Reliance Industries Limited (RIL) has become India's first company to cross $210 billion market cap, entering the top 40 of worlds most valuable firms. At this market valuation, Reliance Industries is now worlds 40th most valuable firm ahead of the likes of Exxon Mobil, PepsiCo, SAP, Oracle, Pfizer and Novartis.
Reliance Industries is offering to sell about $20 Billion in its retail business to Amazon. The e-commerce retailer held discussions about investing in Mukesh Ambani's company and has expressed interest in negotiating a potential transaction.
With Future Retail takeover Reliance Retail now consolidated its position in Retail Space. Now Reliance Retail has entered into Upmarket, Metro and Malls. Future Retail has a good presence in these areas.
Industrialist Mukesh Ambani's Reliance Industries Ltd on Saturday announced the acquisition of Future Group businesses for Rs 24,713 crore to add to its fast-expanding retail business and bolster e-commerce to take on the competition from Amazon.com.
Amazon founder Jeff Bezos has become the world's first-ever $200 billionaire. Well, you may that the world's richest person is wealthier than he's ever been. His net worth cleared the record $200 billion mark on Wednesday when shares of his online shopping company reached $3,403.64.
The next big battle of billionaires Mukesh Ambani and Jeff Bezos is set to be on the e-pharma front. According to a report in the Live Mint, both the companies are looking to diversify into the e-pharma segment.
The COVID-19 is the most disruptive event in the modern history and a 'cooperative and collaborative' effort is needed at the global level in the fight against the pandemic, Reliance Industries chairman Mukesh Ambani said during the launch of a book on coronavirus on Saturday.
China's ByteDance is in early talks with Mukesh Ambani's Reliance Industries Ltd for investment in its video-based app TikTok's business in India, according to TechCrunch. The report said the two companies began conversations late last month. However, they have not reached a deal yet.
Billionaire Indian industrialist Mukesh Ambani has become the 4th richest person in the world. Above him, the top 3 positions are currently dominated by Jeff Bezos, Bill Gates, and Mark Zuckerberg. Here are some interesting facts about Mukesh Ambani.
Saudi Aramco is still chasing a deal to buy a $15 billion stake in Reliance Industries' refining and chemicals business, according to a Bloomberg report. While Aramco is a major supplier of crude to India, Reliance sells petroleum products, including gasoline, to the kingdom.
Billionaire Mukesh Ambani is now the world's fourth-richest man. The Bloomberg Billionaires Index showed Ambani, the chairman of oil-to-telecom conglomerate Reliance Industries, in the fourth position.
Reliance Industries Ltd Chairman Mukesh Ambani on July 31 extended his congratulations to Department of Telecommunications and Cellular Operators Association of India for commemorating the silver jubilee of mobility in India.
Reliance Industries Chairman Mukesh Ambani on Friday called for urgent policy measures to move away from 2G service, which started 25 years ago, and make it a "part of history".
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