Search results for 'ambani'.
Mukesh Ambani bats for bridging the digital divide
Rediff.com21 Jun 2021Billionaire Mukesh Ambani on Monday pressed for bridging the digital divide "both among nations and within nations", saying connectivity and communications have become the fundamental rights of every person. Also, there is a need to bring back the economies around the globe. Speaking at the Qatar Economic Forum, he said it is difficult to imagine what India would have been without the 4G telecom network during the pandemic. "The digital divide must be bridged, both among nations and within nations.
Retail to be next growth engine for Reliance: Goldman Sachs
Rediff.com21 Jun 2021With a potential for a 10x growth in pre-tax profit from the business over the next decade, retail including e-commerce will be the next growth engine for Reliance Industries Ltd, Goldman Sachs said in a report. After growing 5x over FY16-FY20, RIL's core retail revenue growth has taken a pause in FY21 (April 2020 to March 2021) due to Covid related macro headwinds including lower footfalls. The oil-to-telecom conglomerate run by billionaire Mukesh Ambani used the period to build strong digital capabilities of the retail business while continuing to expand its physical reach.
Mobile subscribers: Jio comfortably beats rivals Airtel, Vi
Rediff.com18 Jun 2021India's largest telecom operator Reliance Jio gained over 79 lakh mobile users in March, comfortably surpassing the combined net adds by rivals Bharti Airtel and Vodafone Idea during the month, according to data released by TRAI on Friday. Bharti Airtel added 40.5 lakh wireless users, and interestingly Vodafone Idea gained 10.8 lakh customers during March (compared to the previous month). Reliance Jio added a staggering 79.18 lakh wireless subscribers in March, taking its customers base to about 42.29 crore.
Antilia bomb scare case: NIA arrests ex-encounter specialist
Rediff.com18 Jun 2021The NIA also conducted a raid at the residence of Shiv Sena leader and former 'encounter specialist' of Mumbai Police, Pradeep Sharma in connection with the Antilia bomb scare and Mansukh Hiren murder case on Thursday, sources said.
Cong, NCP demand CBI reveal outcome in Sushant case
Rediff.com14 Jun 2021The Congress and the Nationalist Congress Party, allies in the Shiv Sena-led Maha Viaks Aghadi government in Maharashtra, on Monday demanded that the Central Bureau of Investigation reveal its final finding into the Sushant Singh Rajput death case.
Mukesh Ambani drew 0 salary in FY21
Rediff.com3 Jun 2021In the previous fiscal year, he drew a Rs 15 crore salary from the company -- the same as in the previous 11 years.
Mukesh Amabani drew 0 salary in FY21
Rediff.com3 Jun 2021In the previous fiscal year, he drew a Rs 15 crore salary from the company -- the same as in the previous 11 years.
Mukesh Ambani says Reliance now has strong balance sheet to support growth
Rediff.com2 Jun 2021After record fund raising, Reliance Industries now has a strong balance sheet with high liquidity that will support growth plans for its three hyper-growth engines, Jio, Retail and oil-to-chemicals, according to the firm's chairman and managing director Mukesh Ambani. In the company's latest annual report released on Wednesday, he said the company sold minority stakes in Jio Platforms -- the unit that houses its telecom and digital business -- and retail arm for almost Rs 2 lakh crore and raised another Rs 53,124 crore through rights issue.
Gautam Adani is Asia's second richest person after Mukesh Ambani
Rediff.com21 May 2021Thanks to a continued rise in the market capitalisation of the Adani Group companies, its promoter Gautam Adani is now the second richest Asian and fourteenth richest businessman in the world with a networth of $66.5 billion. Reliance Industries promoter Mukesh Ambani remains the wealthiest businessman in Asia with a networth of around $76.5 billion, according to Bloomberg data. The six Adani Group companies had combined market capitalisation of Rs 8.36 trillion as on Thursday, against Reliance Industries' market capitalisation of Rs 12.6 trillion. Adani Green tops the charts in the group with m-cap with Rs 1.99 trillion.
Ambani buys Britain's iconic country club Stoke Park
Rediff.com23 Apr 2021Billionaire Mukesh Ambani's Reliance Industries Ltd has bought Britain's iconic country club and luxury golf resort, Stoke Park, for 57 million pounds (about Rs 592 crore). The acquisition adds to Reliance's current stake in Oberoi hotels and hotel/managed residences in Mumbai that it's developing. Over the past four years, Reliance has announced $3.3 billion in acquisitions with 14 per cent in retail, 80 per cent in technology, media, and telecom (TMT) sector, and 6 per cent in energy. The UK-based firm, which owns a hotel and golf course in Buckinghamshire, UK, will add to Reliance's consumer and hospitality assets, the firm said in a filing late on Thursday.
Ambani security scare: NIA arrests another Mumbai cop
Rediff.com23 Apr 2021The central agency had earlier arrested four persons, including two Mumbai police officers -- Sachin Waze and Riyaz Kazi -- in connection with these cases.
Mukesh Ambani to appeal against Sebi penalty
Rediff.com8 Apr 2021Reliance Industries chairman Mukesh Ambani will appeal against the fine imposed by market regulator SEBI over alleged irregularities in a two-decade-old share issue in the company, the firm said on Thursday. Reliance Industries Ltd (RIL) had issued debentures with convertible warrants in 1994 and allotted equity shares against the warrants in 2000. This was when Dhirubhai Ambani was heading the undivided company.
Sebi slaps Rs 25 cr fine on Ambani brothers in 2000 case
Rediff.com7 Apr 2021Sebi on Wednesday imposed a total penalty of Rs 25 crore on Mukesh Ambani, Anil Ambani, other individuals and entities for non-compliance with takeover norms in a Reliance Industries case dating back to 2000.
Hiran was co-conspirator in Ambani bomb scare case: NIA
Rediff.com7 Apr 2021Hiran's body was found in a creek in Thane district on March 5.
Lockdown is only about control not health, says Anil Ambani's son Anmol
Rediff.com7 Apr 2021Anmol Ambani, the eldest son of industrialist Anil Ambani, has lashed out against a new round of lockdowns being imposed amid the surge in COVID-19 cases, saying such restrictions do not concern health but control and that they destroy the very backbone of the society and economy. The 29-year-old former executive director of Reliance Capital Ltd in a series of tweets lambasted the new semi-lockdown rules hurting small businesses and daily wage earners. "Professional 'actors' can continue shooting their films. Professional 'cricketers' can play their sport late into the night. Professional 'politicians' can continue their rallies with masses of people. But YOUR business or work is not ESSENTIAL. Still don't get it?" he said in a tweet.
Waze procured explosives found in SUV near Ambani's house: NIA
Rediff.com31 Mar 2021The NIA has CCTV footage which shows the presence of Waze at the spot, the sources said.
NIA recreates crime scene with Waze near Ambani's house
Rediff.com20 Mar 2021The scene was recreated late on Friday night, in which Waze was asked to walk there for some time wearing a white kurta.
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