Billionaire Mukesh Ambani, for the second year in a row, drew no salary from his flagship firm Reliance Industries in the last fiscal as he voluntarily gave up remuneration in light of the pandemic hitting the business and economy. In its latest annual report, Reliance said Ambani’s remuneration for the financial…
Mukesh Ambani is preparing to launch initial public offerings (IPOs) for Reliance Jio and Reliance Retail Ventures, according to a report. The Reliance Industries Ltd (RIL) chairman may make an important announcement in this regard during the company’s annual general meeting (AGM), the report says. INDIA’S…
Mukesh Ambani’s Reliance Industries and US giant Amazon have been vying to get an upper hand in one of the world’s fastest-growing retail markets which is India. This is the reason why for more than a year, Amazon.com Inc and Future Group have been locked in a complex legal stand-off that has stalled…
Reliance Industries Limited (RIL) chairman Mukesh Ambani on Tuesday shared future plans related to a leadership transition at the energy-to-telecom conglomerate. The statement is significant as Mukesh Ambani hinted at an “accelerated leadership transition” in RIL. Mukesh Ambani, 64, said he wants the…
Leading industrialist Gautam Adani could soon become Asia’s richest man as his net worth is within touching distance of Mukesh Ambani. On Thursday, Adani’s net worth stood at $89.1 billion on the Bloomberg Billionaires Index, just 0.6 billion less than Reliance Industries Limited (RIL) chairman Mukesh Ambani’s…
New Delhi: After several reports claimed Reliance Industries Limited chairman Mukesh Ambani and his family are likely to move to London, following their acquisition of Stoke Park estate there, the Reliance group on Friday issued a statement rejecting the “baseless” reports. “A recent report in a…
Mukesh Ambani added $3.7 billion to his net worth on Friday as shares of his flagship company surged after the tycoon doubled down on his clean-energy goals. Asia’s wealthiest person is now worth $92.6 billion, according to the Bloomberg Billionaires Index. The tycoon is closing in on L’Oreal’s…
Along the Arabian Sea, Jamnagar is a money-making machine for Asia’s richest man, Mukesh Ambani, processing crude oil into fuel, plastics and chemicals. It’s also where the billionaire is making his newest bet: a $10 billion investment in green energy. In a swath of arid land, to the city’s…