Mukesh Ambani, Reliance Industries MD and Indian energy tycoon, is no longer Asia’s richest man after he lost $5.6 billion on the back of a severe decline in RIL's share price. Mukesh Ambani lost his Aisa's riches man crown to Jack Ma, the co-founder of Alibaba Group.
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries (RIL), has acquired 100 per cent stake in Tamil Nadu-based Shri Kannan Departmental Store Private Limited for Rs 152.5 crore.
The ten most valued domestic firms together lost a massive Rs 3.35 lakh crore from their market capitalization last week, as the equity markets witnessed massive sell-off amid fears of coronavirus outbreak turning into a pandemic.
Reliance Industries Chairman Mukesh Ambani had a two-hour-long meeting with Andhra Pradesh Chief Minister YS Jagan Mohan Reddy at the latter's residence here on Saturday, where industrial development in the state and investments were discussed.
Reliance Industries' chairman Mukesh Ambani lost $5 billion of his wealth till date in notional terms.
With USD 67 billion, Ambani is also the ninth richest in the world which is topped by Jeff Bezos of Amazon with USD 140 billion. The second in the list is SP Hinduja family (USD 27 billion), Gautam Adani (a little over USD 17 billion), Shiv Nadar & family (close to USD 17 billion), and Lakshmi Mittal with over USD 15 billion in networth.
A brand new India is welcoming US President Donald Trump in 2020 -- showcasing a thriving digital economy with robust transformation that is underway across industries -- which previous US presidents never witnessed, Reliance Industries Ltd (RIL) Chairman and Managing Director Mukesh Ambani said on Monday.
Riding on the power of technology, India has the opportunity to become a premier digital society and one of the top three economies in the world, Reliance Industries (RIL) Chairman and Managing Director Mukesh Ambani said here on Monday.
Billionaire Mukesh Ambani's Reliance Industries is India's answer to US giants Exxon, AT&T and Amazon - all rolled into one, Bernstein Research said on Tuesday.
Reliance Jio has reported a staggering profit of Rs 16,517 (USD 2.6 billion). Reliance Industries Limited has released its financial report of Quarter 3 ending at 31 December, 2019.
Mukesh Ambani's Reliance Retail Ltd (the retail arm of Reliance Industries Ltd) has begun sending invites for launch of JioMart, its new commerce venture. With JioMart, billionaire Mukesh Ambani aims to take on e-commerce giants Amazon and Flipkart.
From Mukesh Ambani’s Reliance Industries Ltd (RIL) creating history by becoming the first Indian company to breach the Rs 10-trillion valuation mark to Wipro founder Azim Premji stepping down from his post of executive chairman of Wipro, top business tycoon leaders made headlines in 2019.
Richest Indian Mukesh Ambani's Reliance Retail, which runs the country's largest chain of neighbourhood supermarket stores and consumer electronics outlets, has been valued at USD 34 billion (Rs 2.4 lakh crore) in a proposed share-swap scheme for shareholders.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries and Asia’s richest man just added almost $17 billion to his wealth as of December 23, the most in Asia, taking his net worth to about $60 billion, according to the Bloomberg Billionaires Index. According to Forbes magazine, Mukesh Ambani is the 10th richest man in the world as of December 2019.
Mukesh Ambani's growth comes as RIL's new ventures are expected to contribute 50 per cent of Reliance's earnings over the next few years. Another factor that has helped Reliance's rapid climb on the stock market is Ambani's plan to bring the company's net debt to zero.
The Delhi High Court has asked Reliance Industries (RIL) and British Gas (BG) to disclose their assets on the central government's plea for directions to both companies not to dispose of their assets.
After a gap of 7 years, Reliance Industries has once again emerged the biggest wealth creator over 2014-19. A total of Rs 5.6 lakh crore wealth created by Reliance is the highest-ever so far by a huge margin
On Thursday, RIL shares hit the 52-week high of Rs 1,581.25 on the BSE, rising 0.64 per cent. While RIL gained nearly 40 per cent during the last year, the Nifty50 index advanced over 13 per cent.
Last month, Mukesh Ambani's Reliance Industries Limited had added another feather to its cap by becoming the first Indian firm to hit the Rs 9 lakh crore market valuation mark in intra-day trade.
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