The first priority for RCom, is to resolve its over Rs 40,000 crore debt, Anil Ambani told shareholders at the company's 14th annual general meeting.
Mukesh Ambani now the 11th richest man in world, the increase in Ambani's total wealth is primarily due to the superb performance of Reliance Industries' shares.
Reliance Communications in a regulatory filing said that it has "agreed to pay a settlement amount of Rs 550 crore to Ericsson on or before September 30, 2018".
Reliance Retail has rolled out an online store that offers competitive prices on range of electronics.
The market valuation of Reliance Industries surged past Rs 7 lakh crore mark during Friday morning trade, as Ambani positioned his company to disrupt the e-commerce space in India.
Today's gains increased Ambani’s wealth to more than $42 billion. India’s richest man owns close to 47 per cent in RIL—the owner of the world’s largest oil refining complex.
With USD 142 billion net worth, Bezos tops the ranking of richest persons, according to Bloomberg Billionaires Index.
Ambani has been appointed for a period of five years, which commences from April 19, 2019.
Ambani said that the ultra-high speed fixed line broadband services will be launched for homes and enterprises.
"We will now extend fiber connectivity to homes, merchants, small and medium enterprises and large enterprises simultaneously across 1,100 cities to offer the most advanced fiber-based broadband connectivity solutions," Ambani said.
Mukesh Ambani Launches Jio Giga Fiber at Reliance 41st AGM
Reports suggest Ambani might announce the commercial launch of wired broadband service JioFiber and its price plans.
A grand engagement party of childhood friends Akash Ambani and Shloka Mehta was organised at Ambani’s residence Antilia tonight.
Priyanka Chopra attended Akash Ambani and Shloka Mehta's Mehendi ceremony at Antilia on Wednesday. Later, she went off with boyfriend Nick Jonas and mother for a dinner date.
According to the company's annual report released on Thursday, Ambani's decision reflects "his desire to continue to set a personal example for moderation in managerial compensation levels".
A report surfaced which stated that Anant Ambani and Radhika Merchant might get married in December.
Talking about the kind of bond the siblings share, an emotional Akash Ambani is seen in the video, saying, "I don't know how to put my feelings into words."
Bllionaire Mukesh Ambani and Nita Ambani's daughter Isha Ambani will get married to Anand Piramal, son of business tycoon Ajay Piramal later this year.
Aamir Khan strikes a pose at Isha Ambani's engagement bash.
Mukesh Ambani's daughter Isha to tie the knot with Piramal scion Anand later this year
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