Mukesh Ambani is an Indian business tycoon and the Chairman and Managing Director of oil to telecom conglomerate Reliance Industries. Ambani is Asia’s richest man and among the world’s 10 wealthiest people. More
Reliance Jio 5G network hits 1 Gbps speed milestone; door shut on Chinese equipment vendors
We need as much thinking about bricks as we have about clicks, and we need to think in terms of an entire ecosystem that delivers future industries and future services, said Chairman of Reliance Industries Mukesh Ambani.
Other than individuals, the report also ranks public traded companies in India. Seven of the largest public traded companies are led or was being most recently led by the individuals in the IIFL Wealth Hurun India Rich List 2020.
Here is the full text of RIL CMD Mukesh Ambani's address at the TM Forum's Digital Transformation World Series 2020.
Overall the rich in India got richer as the top 100 richest named in the list, increased by about 14% or $517.5 billion compared with what it was in 2019 as per Forbes Magazine.
Forbes India Rich List 2020: Gautam Adani comes in at No.2 in the Forbes list. Find out who all make it to the top 10:
The investments from GIC and TPG value Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore.
Among the zodiac signs, Aries, zodiac sign of Mukesh Ambani, had the best year in terms of wealth.
Being home to 217 individuals that comprise 26 percent of the list, Mumbai is the residential capital of India’s wealthy, followed by New Delhi and Bengaluru.
This investment from KKR in Reliance Retail comes weeks after another private equity giant Silver Lake Partners had picked up a 1.75 percent stake for Rs 7,500 crore in the RIL unit.
Addressing company's shareholders at RIL's 43rd annual general meeting, Reliance Industries (RIL) Chairman and Managing Director Mukesh Ambani had hinted at partnering with global investors.
Silver Lake along with its co-investors had earlier invested over Rs 10,200 crore in two rounds in RIL's Jio Platforms unit.
Reliance Retail-Silver Lake deal: Private equity giant signs deal with RIL retail unit after its investment in Jio Platforms earlier this year.
With this deal, Future brings on table Big Bazaar, Fashion at Big Bazaar, Easy Day and Brand Factory. The deal is likely to provide Reliance Retail an additional store strength of around 18,000 across grocery and lifestyle segments.
Mukesh Ambani company emerges as white knight and averts collapse of vast retail group built by Kishore Biyani over three decades.
RIL has been ranked 96th on the Fortune Global 500 list released by Fortune on August 11, the highest any Indian company has been ranked on the Fortune Global 500 list.
Billionaire Mukesh Ambani had in August last year announced plans to sell a 20 percent stake in RIL's oil-to-chemical (O2C) business to Aramco, at a valuation of $75 billion. The deal was to close by March but has been delayed
India’s richest person has surged past some of the biggest tycoons in recent weeks including the Silicon Valley titans such as Elon Musk, Alphabet Inc. co-founders Sergey Brin and Larry Page, as well as Warren Buffett.
In his short, yet impactful speech, Ambani spoke about the four fundamental ways in which mobile telephony has changed, and has in turn transformed India
RIL chairman Mukesh Ambani is the only Asain to feature among the world's top ten billionaires.
The company has sought spectrum frequencies between 26.5 - 29.5 Ghz and 24.25-27.5 Ghz band. The auction for these high frequency bands is expected to be held next year.
With a footprint encompassing B2C and B2B retail as well as the kirana network, which can all feed its online business JioMart, Reliance Retail is well poised to command the market
Some industry watchers equate Reliance's digital plans - which extend from online shopping and cloud computing to telecom and digital payments - to China's Alibaba and Tencent, companies Reliance itself calls 'global peers'.
Reliance’s overarching strategy: dream big, plan perfectly and execute flawlessly
Here's a quick wrap on key announcements made by Mukesh Ambani.