Mukesh Ambani

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Mukesh Ambani - Total results - 882
Jio Platforms attracting funds from Facebook, Silver Lake, Vista Equity, highlight Mukesh Ambani's digital-era venture capitalist avatar
Business

Jio Platforms attracting funds from Facebook, Silver Lake, Vista Equity, highlight Mukesh Ambani's digital-era venture capitalist avatar

In the new normal for Reliance Industries Limited, investors in Jio Platforms like Silver Lake and Vista Equity are more like knowledge and network partners.

Jio Platforms strikes third unit stake deal; raises $8 billion in two weeks post-Facebook, Silver Lake, Vista investment
Business

Jio Platforms strikes third unit stake deal; raises $8 billion in two weeks post-Facebook, Silver Lake, Vista investment

Unlike traditional mobile carriers which depend on voice services to make money, Ambani has pitched Jio as a trailblazer tech company by offering cheap mobile data plans that helped hundreds of millions of Indians use the internet for the first time

RIL shares jump over 4% as Vista Equity Partners picks 2.32% stake in Jio Platforms for Rs 11,367 cr
Business

RIL shares jump over 4% as Vista Equity Partners picks 2.32% stake in Jio Platforms for Rs 11,367 cr

Shares of Reliance Industries on Friday jumped over 4 percent after the company announced that US-based private equity firm Vista Equity Partners will buy a 2.32 percent stake in its digital unit, Jio Platforms, for Rs 11,367 crore

US-based PE firm Vista Equity Partners to pick up 2.32% stake in Jio Platforms for Rs 11,367 cr
Business

US-based PE firm Vista Equity Partners to pick up 2.32% stake in Jio Platforms for Rs 11,367 cr

Vista’s investment is at an 12.5 percent premium over the Facebook deal announced in April

Rishi Kapoor passes away: Neetu thanks Ambani family for support, calls them ‘guardian angels’
Entertainment

Rishi Kapoor passes away: Neetu thanks Ambani family for support, calls them ‘guardian angels’

Neetu wrote a long Instagram post, sharing a picture of herself and Rishi Kapoor with Mukesh and Nita Ambani

Rights issue credit positive for Reliance Industries; to result in debt reduction: Moody's
Business

Rights issue credit positive for Reliance Industries; to result in debt reduction: Moody's

Moody's Investors Service on Monday said Reliance Industries' Rs 53,100 crore rights issue is credit positive as earnings will decline because of economic shutdowns

Reliance Industries to sell $750 million stake in Jio Platforms to Silver Lake, on track to cut debt
Business

Reliance Industries to sell $750 million stake in Jio Platforms to Silver Lake, on track to cut debt

India’s Reliance Industries Ltd said on Monday private equity firm Silver Lake will invest nearly $750 million in its digital arm, days after securing a $5.7 billion investment from Facebook Inc, boosting its efforts to cut debt

Reliance Jio-Silver Lake Rs 5,655.75 cr deal: All you need to know about American private equity giant
Business

Reliance Jio-Silver Lake Rs 5,655.75 cr deal: All you need to know about American private equity giant

Silver Lake's portfolio includes Twitter, AirBnb, Alibaba Group, Ant Financial, Didi Chuxing , Motorola Solutions and City Football Group.

Reliance Jio-Silver Lake Rs 5,656 cr deal: Investment values Jio Platforms at enterprise value of Rs 5.15 lakh cr; other key highlights
Business

Reliance Jio-Silver Lake Rs 5,656 cr deal: Investment values Jio Platforms at enterprise value of Rs 5.15 lakh cr; other key highlights

Silver Lake - one of the world's largest tech investors - on Monday agreed to invest Rs 5,655.75 crore to buy a 1.15 percent stake in billionaire Mukesh Ambani's digital unit that houses India's youngest but biggest telecom firm

Reliance Jio reports 73% growth, reveals more details about Facebook-Jio partnership and potential benefits to SMBs
News & Analysis

Reliance Jio reports 73% growth, reveals more details about Facebook-Jio partnership and potential benefits to SMBs

As part of the Facebook partnership, JioMart, a service that connects local stores to consumers, will be integrated into WhatsApp.

Reliance Industries to raise Rs 53,125 cr via India's biggest rights issue, first-time after 30 years
Business

Reliance Industries to raise Rs 53,125 cr via India's biggest rights issue, first-time after 30 years

Billionaire Mukesh Ambani's Reliance Industries Ltd (RIL) on Thursday announced fund raising of Rs 53,125 crore by way of a 1:15 rights issue, the first such issue in nearly three decades, as it steps up efforts to pare debt

Reliance Industries to hive off $75 bn oil-to-chemical business into separate unit for sale to Aramco
Business

Reliance Industries to hive off $75 bn oil-to-chemical business into separate unit for sale to Aramco

Reliance Industries Ltd (RIL), India's largest company, on Thursday said its board has approved hiving off its $75 billion worth oil-to-chemicals business into a separate division to enable the sale of 20 percent stake in the unit to Saudi national oil company Aramco

Reliance Jio's Q4 net profit soars to whopping 177.5% at Rs 2,331 cr, revenue jumps 27% to Rs 14,835 cr
Business

Reliance Jio's Q4 net profit soars to whopping 177.5% at Rs 2,331 cr, revenue jumps 27% to Rs 14,835 cr

Reliance Jio's rise in net profit, up from Rs 840 crore reported during the corresponding period of FY 2018-19, was fuelled by rising subscriber base and recent tariff hike.

Reliance Industries Q4 results: Net profit at Rs 6,546 cr; announces India's biggest rights issue of Rs 53,125 cr
Business

Reliance Industries Q4 results: Net profit at Rs 6,546 cr; announces India's biggest rights issue of Rs 53,125 cr

Reliance Industries has declared a dividend of Rs 6.50 per equity share of Rs 10 each for the financial year ended 31 March, 2020.

Coronavirus Pandemic: RIL chairman Mukesh Ambani to forego salary, board members to take pay cut
Business

Coronavirus Pandemic: RIL chairman Mukesh Ambani to forego salary, board members to take pay cut

Reliance Industries chairman Mukesh Ambani will forego his salary in the wake of the coronavirus pandemic that has gripped the nation and forced a lockdown in the country until 3 May

Facebook-Jio deal a positive; concerns around flouting of net neutrality, data safety norms unfounded: Industry forum
Business

Facebook-Jio deal a positive; concerns around flouting of net neutrality, data safety norms unfounded: Industry forum

Facebook's decision to invest $5.7 billion (about Rs 43,574 crore) in Jio Platforms is a big positive for India's digital services sector, and any apprehension that net neutrality or data protection norms may be flouted or consumer interest harmed, is "erroneous and far-fetched", industry body BIF said on Monday

RIL starts using WhatsApp for grocery deliveries but model to evolve: Credit Suisse report
Business

RIL starts using WhatsApp for grocery deliveries but model to evolve: Credit Suisse report

Billionaire Mukesh Ambani's Reliance Industries has started limited test use of WhatsApp to connect customers to grocery stores, days after Facebook decided to invest $5.7 billion in digital assets controlled by the company

Moody's, Fitch give thumbs-up to $5.7 bn Jio-Facebook deal, says to help RIL deleverage
Business

Moody's, Fitch give thumbs-up to $5.7 bn Jio-Facebook deal, says to help RIL deleverage

International credit rating agencies Fitch Ratings and Moody's Investors Service on Thursday said the $5.7 billion Facebook deal will help Reliance Industries deleverage its balance sheet and monetise digital platforms

Amazon India launches programme to enable kirana shops, offline retailers sell online
Business

Amazon India launches programme to enable kirana shops, offline retailers sell online

E-commerce giant Amazon India on Thursday launched 'Local Shops on Amazon' programme that will help local shopkeepers and kirana store owners to sell online

Mukesh Ambani regains 'richest person in Asia' tag; topples Jack Ma after $5.7 bn Facebook-Jio deal
Business

Mukesh Ambani regains 'richest person in Asia' tag; topples Jack Ma after $5.7 bn Facebook-Jio deal

Mukesh Ambani, Chairman and Managing Director, Reliance Industries Ltd (RIL) has regained the 'richest person in Asia' tag after Facebook's $5.7 billion (Rs 43,574 crore) investment in Jio Platforms on 22 April.