Mukesh Ambani | The Asian Age

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Mukesh Ambani’s Jio telecom carrier is emerging as a winner from changes in the way Indian consumers plug into a digital economy. (PTI Photo)

Amid COVID-19, investors bet on Jio and its giant-killer playbook

India’s 10-week lockdown led to a surge in demand for data, boosting Jio’s phone and broadband offerings

04 Jun 2020 1:14 PM

Reliance Industries announces closure of rights issue of Rs 53,124.20 crore, subscribed 1.59 times. (ANI Photo)

Reliance Industries Rs 53,124 crore rights issue subscribed 1.59 times

The Rights Issue Committee of the Board of Directors of the company will meet on June 10 to approve the basis of allotment of equity shares

04 Jun 2020 9:53 AM

Mukesh Ambani's Reliance Industries to launch first rights subscription. (PTI)

Reliance Industries to open Rs 53K crore rights issue for shareholders on May 20

This is India's biggest and the first such issue by the firm in nearly three decades.

16 May 2020 12:08 PM

Vista Equity Partners to pick up 2.32% stake in Jio Platforms for Rs 11,367 cr. (PTI Photo)

Vista Equity Partners to invest in Reliance Jio

Vista's investment will translate into a 2.32 percent equity stake on a fully diluted basis, making Vista largest investor in Jio Platforms

08 May 2020 9:05 AM

Reliance Industries Limited Chairman Mukesh Ambani. (PTI Photo)

Silver Lake to invest in Reliance Jio

The deal comes days after Facebook (FB.O) said it would spend $5.7 billion to buy a 9.99% stake in Jio Platforms

04 May 2020 9:24 AM

Mukesh Ambani , Chairman, Reliance Industries. (PTI Photo)

Reliance Industries suffer 39% profit fall, worst fall in over 11 years

Reliance said gross refining margin, the profit earned on each barrel of crude oil processed, was $8.90 per barrel in the March quarter

01 May 2020 9:10 AM

Reliance Industries chief Mukesh Ambani. (Photo- PTI)

Pandemic impact: Mukesh Ambani's net worth drops 28 pc to USD 48 billion in 2 months

The Indian market has corrected by 25 per cent in the last two months as the economic costs and impact of the COVID-19

06 Apr 2020 1:31 PM

Reliance India chairman Mukesh Ambani in conversation with Microsoft CEO Satya Nadella.

Ambani says Trump will see a wholly new India

In dialogue with Satya Nadella, Reliance chairman says India will be the third biggest economy soon

24 Feb 2020 2:14 PM

Revenue at its retail and telecoms units each jumped more than 25 per cent in the December quarter as the company, headed by Asia’s richest man.

Billionaire Ambani's Reliance posts record profit on consumer strength

The company had previously said it would sign a definitive agreement with Aramco by March 2020.

18 Jan 2020 10:23 AM

The Mukesh Ambani-led telecom operator added that its new plan are offering up to 25 per cent more value than that of rivals.

Average customer unlikely to pay for outgoing calls, says Reliance Jio

Reliance Jio is offering 1,000 minutes per month (28-day cycle) of free calling every month across all plans.

08 Dec 2019 4:43 PM

Mukesh Ambani 9th richest on Forbes' real-time billionaires list

Ambani was ranked 13th in the annual Forbes' rich list for 2019.

29 Nov 2019 2:35 PM

RIL becomes first to hit Rs 10 lakh crore market cap

At market close, the oil-to-telecom conglomerate's market valuation surged to Rs 10,01,555.42 crore on the BSE.

29 Nov 2019 2:38 AM

The company did not divulge the extent of price hike in the offing. (Photo: PTI)

Jio says will increase tariffs in next few weeks in compliance with rules

Jio said that the telecom regulator TRAI is likely to initiate consultation process for revision in telecom tariffs.

20 Nov 2019 11:40 AM

Ambani says slowdown in India temporary, reforms undertaken to reverse trend

The govt has taken a string of policy measures over the past couple of months to shore up the economy and revive credit.

29 Oct 2019 5:55 PM

This is done by paying the rival network an interconnect usage charge, which currently is 6 paise per minute. (Photo: AFP)

Jio slams Trai's IUC review; says move sabotages PM's Digital India vision

Trai's move to reopen the deadline for ending charges for terminating calls on rival networks beyond January 2020.

21 Oct 2019 12:21 PM

Vodafone Idea has been seeking two-year moratorium on its annual spectrum payment citing debt and stress on balance sheet.

Vodafone top brass meets telecom secy, seeks 2-yr delay on deferred spectrum payment

Kumar Mangalam Birla, head of Vodafone Idea, had sent an SOS to the government earlier also for deferring statutory payments.

30 Sep 2019 8:22 PM

Mukesh Ambani is India’s richest man

Junaid said a total of 233 new entrepreneurs from different businesses made it to the rich list this year.

26 Sep 2019 2:08 AM

According to the latest IIFL Wealth Hurun India Rich List, the number of Indians having a net worth of more than Rs 1,000 crore has grown to 953 this year from 831 in 2018. (Photo: File)

Mukesh Ambani richest Indian with net worth of Rs 3,80,700 cr: Report

London-based SP Hinduja and family, with assets worth Rs 1,86,500 crore, retained the second rank in the list.

25 Sep 2019 4:14 PM

41.28 crore treasury shares of Reliance Industries were held as follows by (a) by Petroleum Trust 24.09 crore shares; and (b) by subsidiaries of RIL 17.19 crore shares, the statement said.

Reliance says Mukesh Ambani's shareholding has not increased in company

The company in an emailed statement said: "There has been no transaction of purchase of shares".

19 Sep 2019 5:12 PM

Mukesh Ambani and his private firms held 47.29 per cent stake as on June 30, 2019 in RIL. (Photo: PTI | File)

Mukesh Ambani raises stake in Reliance Industries to 48.87 per cent

The acquisition was pursuant to a scheme of arrangement not directly involving Reliance, the filing said without giving details.

18 Sep 2019 2:58 PM

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