Reliance chairman Mukesh Ambani and Adani Group founder Gautam Adani are facing multiple threats that are hitting their businesses – and their immense personal wealth. Both Ambani and Adani have tumbled out of the elite centibillionaires club – people with fortunes above $100 billion.Ambani’s energy and retail businesses have been underperforming amid rising investor concern…
Currently, both Mukesh Ambani and his contemporary Gautam Adani, are confronting various challenges. India’s richest men, Mukesh Ambani and Gautam Adani, have seen their net worth drop below the $100 billion mark in the last few months. Currently, both Mukesh Ambani, who leads Reliance Industries Ltd, and his contemporary Gautam Adani, who established the Adani…
The ranking methodology by Motilal Oswal involves listing the top 100 companies in descending sequence based on absolute wealth created. (AI image) Mukesh Ambani-led Reliance Industries has emerged as the biggest wealth creator stock over 2019-24, according to a study report by Motilal Oswal Financial Services. According to the 29th Annual Wealth Creation Study of…
Jiohotstar.com seems to have officially been transferred to Viacom18 Media Pvt. Ltd., a subsidiary of Reliance Industries. The latest Whois record shows that the domain is registered under the name of Mukesh Amabani-owned Viacom18 Media Pvt.Ltd. The website shows that the domain was registered on September 20, 2024 and is valid till September 20, 2026,…
Reliance intends to proceed with the Jio IPO in 2025, following the company’s achievement of becoming India’s leading telecom provider. Reliance Jio IPO: Mukesh Ambani, the Indian billionaire, is planning to list his telecommunications company Jio on the stock exchange by 2025. Analysts value the company at more than $100 billion, while his retail business…
India’s richest person, Mukesh Ambani and his family never fail to impress people. After throwing a lavish three-day wedding for their youngest son Anant Ambaani and his wife Radhika Merchant, Mukesh Ambani’s wife Nita Ambani-led Reliance Foundation has taken the internet by storm. This time for their extravagant and thoughtful Diwali 2024 hamper for their…
MUMBAI: Comparisons with the sold-out Coldplay concert here, a slew of collaborations with Indian businesses, and fulsome praises of India’s capabilities in tech marked the first day of Nvidia‘s AI summit in Mumbai on Thursday. The long queues to enter the venue delayed the event by nearly an hour. But that did nothing to dim…
RIL bonus shares: The issuance of bonus shares in a 1:1 ratio was initially announced by Mukesh Ambani during the 28th AGM. RIL bonus share record date: Mukesh Ambani-led Reliance Industries (RIL), a diversified conglomerate spanning from oil to retail, has announced that the record date for determining shareholders eligible for the 1:1 bonus share…
Elon Musk posted on X that Starlink “will do its best to serve the people of India”. Elon Musk, the owner of Starlink, a global satellite constellation, has expressed commitment to serving the people of India through a post on X. This statement follows the Indian government’s decision to allocate spectrum for satellite broadband administratively,…
RIL Q2 results: Revenue from operations saw a slight increase of 0.2% year-on-year (YoY), reaching Rs 2.35 lakh crore. RIL Q2 FY25 results: Reliance Industries Ltd (RIL), owned by Mukesh Ambani, announced on Monday a decrease of 5% in its consolidated net profit for the quarter that ended in September 2024, amounting to Rs 16,563…
