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In conversation with Facebook CEO Mark Zuckerberg, Mukesh Ambani talked about Facebook and Jio's partnership and explained how it will benefit India in the long run.
Ambani's push for fast rollout of 5G and scrapping of 2G technology, mainly run by rivals like Airtel and Vodafone, will give unparalleled edge to Reliance Jio, the country’s top wireless operator.
By seeking to stall Ambani’s purchase of Future, Bezos may be signalling he’d rather remain a rival. Or, he’s buying time to sweeten offer currently on table.
The slide also shaved down Mukesh Ambani’s wealth to about $73 billion to mark his worst day since March, according to the Bloomberg Billionaires Index.
Hearing Amazon’s request for an interim order, an arbitration court in Singapore has put temporary hold on Future Group's $3.4 bn deal to sell assets to Mukesh Ambani’s Reliance.
Jio teaming up with Qualcomm for 5G leaves the company immune to political disputes linked to Chinese equipment vendors that global operators are embroiled in.
Ambani's comments come at a time when the govt is trying to revive an economy poised for a historic annual contraction, following the world's strictest Covid lockdown.
Tata Group is scouting for local e-commerce assets at a time when the race for Indian online shoppers is heating up.
Latest Forbes 100 list of richest Indians sees vaccine maker Cyrus Poonawalla as new entry in top 10. Most billionaires on the list from pharmaceutical sectors see steady rise in income.
The net worth of RIL chairman rose up to 73% last year to $88.7 billion. Gautam Adani took the second spot on the list with a net worth of $25.2 billion.