Articles tagged under: Mukesh Ambani

Ambani pushes for clean, affordable energy; tech to decarbonise

June 27, 2020
Ambani pushes for clean, affordable energy; tech to decarbonise

New Delhi: In his biggest push for clean and affordable energy, billionaire Mukesh Ambani on Friday said it was imperative to adopt technologies that can recycle to set the carbon balance right. With Prince Abdulaziz bin Salman Al-Saud, Energy Minister of the world's largest oil exporter Saudi Arabia, listening, Ambani said there is a need to provide efficient, clean, and affordable energy. "The way I see is that in the progress that humankind has made (between) industrial revolutions, w...Read More

Silver Lake to invest Rs. 5,655.75 crore in Jio Platforms at an equity value of Rs. 4.90 lakh crore

May 04, 2020
Silver Lake to invest Rs. 5,655.75 crore in Jio Platforms at an equity value of Rs. 4.90 lakh crore

Mumbai: Reliance Industries Limited (“Reliance Industries”) and Jio Platforms Limited (“Jio Platforms”) announced today that Silver Lake will invest ₹ 5,655.75 crore into Jio Platforms. This investment values Jio Platforms at an equity value of ₹ 4.90 lakh crore and an enterprise value of ₹ 5.15 lakh crore and represents a 12.5% premium to the equity valuation of the Facebook investment announced on April 22, 2020. Commenting on the transaction with Silver Lake, Mr. ...Read More

Facebook to invest Rs. 43,574 crore in Jio for 9.99% stake; largest FDI for minority investment in India

April 22, 2020

Mumbai: Reliance Industries Limited (“Reliance Industries”), Jio Platforms Limited (“Jio Platforms”) and Facebook, Inc. (“Facebook”) today announced the signing of binding agreements for an investment of ₹ 43,574 crore by Facebook into Jio Platforms. This investment by Facebook values Jio Platforms at ₹ 4.62 lakh crore pre-money enterprise value ($65.95 billion, assuming a conversion rate of ₹ 70 to a US Dollar). Facebook’s investment will translate into a 9.99% equi...Read More

Ambani hails RIL staff as ‘frontline warriors’, reiterates co’s role in India’s war against COVID-19

April 06, 2020
Ambani hails RIL staff as ‘frontline warriors’, reiterates co’s role in India’s war against COVID-19

New Delhi: With thousands of his company employees helping run lifelines in a lockdown country - from phone lines to stores to fuel, billionaire Mukesh Ambani has hailed them as 'frontline warriors' as he reiterated Reliance Industries' role in India's war against COVID-19. In a mailer to over two lakh employees of the oil-to-telecom conglomerate, the country's richest person said he was humbled to witness each one of them displaying extraordinary levels of commitment in battling most form...Read More

Reliance Industries Announces Rs. 500 Crore Contribution to PM CARES Fund

March 30, 2020
Reliance Industries Announces Rs. 500 Crore Contribution to PM CARES Fund

Mumbai: Reliance Industries Ltd. (RIL) today announced a donation of Rs. 500 crore to PM CARES Fund in response to the call by the Prime Minister to support the nation’s fight against the Coronavirus onslaught. RIL also informed that in addition to the financial contribution to the PM’s Fund, the company has also provided contributions of Rs. 5 crore each to the governments of Maharashtra and Gujarat to support their fights against the Covid-19. RIL also continues its 24x7, multi-prong...Read More

Reliance Industries initiates work-from-home for staff amid Covid-19 outbreak

March 19, 2020
Reliance Industries initiates work-from-home for staff amid Covid-19 outbreak

Mumbai: India's largest firm Reliance Industries has initiated work-from-home for its staff while keeping open consumer-facing businesses of hospital, retail stores and telecom with a minimum workforce amid increasing number of Covid-19 cases in the country. Chairman and Managing Director Mukesh Ambani will hold a meeting almost every third day to take stock of the impact of novel coronavirus (Covid-19) outbreak on his employees and business, officials said. Precautions have been taken at Rel...Read More

Digital infrastructure at Motera Stadium is better than any other place in the world: Mukesh Ambani

February 24, 2020
Digital infrastructure at Motera Stadium is better than any other place in the world: Mukesh Ambani

Mumbai: President Trump will see a different India than what President Carter, President Clinton or President Obama saw in past, said Chairman of Reliance Industries, Mukesh Ambani in his interactive session with Microsoft CEO, Satya Nadella at a Microsoft event, ‘Future Decode’, in Mumbai. In the interaction, Ambani said that mobile networks in India are now better. “As we are speaking, President Trump has arrived in Ahmedabad, and the, India, that he will see in 2020 is very differe...Read More

Former Cisco CEO lauds RIL chairman Mukesh Ambani for a different reason

February 12, 2020
Former Cisco CEO lauds RIL chairman Mukesh Ambani for a different reason

Mumbai: Asia’s richest man Mukesh Ambani was recently lauded by former Cisco CEO John T Chambers for the technology leaps that RIL has undertaken in the last few years. Speaking to The Innovator magazine, John T Chambers said that RIL’s work in keeping up with digitisation trends is appreciable, adding that the same will help RIL in times of transition. John Chambers also later tweeted the same and said: “Good to see Mukesh Ambani and Reliance Industries Ltd. featured in The Innovator. Muk...Read More

PM Modi holds interaction with leading business stalwarts to discuss ways to improve growth and job creation

January 06, 2020
PM Modi holds interaction with leading business stalwarts to discuss ways to improve growth and job creation

New Delhi: Prime Minister Shri Narendra Modi today had an extensive interaction with leading business stalwarts to discuss the ways to improve growth and job creation. Among those who attended the meeting were Ratan Tata, Mukesh Ambani, Anand Mahindra, AM Naik, Sunil Bharti Mittal, Gautam Adani, Anil Agrawal and others. DeshGujaratRead More

Mukesh Ambani led RIL becomes first Indian company to hit Rs 10 lakh crore milestone in market cap

November 28, 2019
Mukesh Ambani led RIL becomes first Indian company to hit Rs 10 lakh crore milestone in market cap

Mumbai: Mukesh Ambani-led Reliance Industries Ltd (RIL) has today became the first Indian company to hit the Rs. 10 lakh crore milestone in market cap, after its shares rose to a record high of Rs. 1,581 a piece. The broader markets also hit a new high today. RIL shares have outperformed the market since the start of this year, surging nearly 40%. Investors were encouraged after Mukesh Ambani announced plans to cut the company’s net debt to zero in 18 months through measures including a sta...Read More

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