Tag: mukesh ambani

  • Jio planning to sell 5G smartphones for Rs2,500-Rs3,000

    (Riya Singh, Intern Journalist): Reliance Jio has planned to launch a 5G smartphone for under Rs 5,000 and eventually reduce its price to Rs 2,500-Rs 3,000 when operation scales up. In July, Google announced a Rs 33,737-crore investment for a 7.7% stake in Jio Platforms. For the time being, Mukesh Ambani said that Jio and…

  • Mukesh Ambani may buy Tiktok’s Indian Business

    (Deepshikha Gautam, Intern Journalist) New Delhi: In June, India banned 59 Chinese apps, including the short video app Tiktok. Then another 15 Chinese apps banned in late July. Following the ban in India, Tiktok also received a ban in the US. America has placed a condition of breaking ties with China in front of Tiktok.…

  • Reliance joins top 100 major companies in the world

    (Deepshikha Gautam, Intern Journalist) New Delhi: Reliance Industries, led by billionaire businessman Mukesh Ambani, jumped 10 places to join the top 100 companies in the ‘Fortune Global 500’ list. Fortune magazine released this list on Tuesday. Reliance which operates in sectors such as oils, petrochemical, retail and telecommunications, has been ranked 96th in Fortune’s 2020…

  • Reliance is the second-largest brand in the world

    (Deepshikha Gautam, Intern Journalist) New Delhi: The future brand index of the Reliance industry, led by industrialist Mukesh Ambani, is the second-largest brand in the world after apple in 2020. The reliance industry is a major player in the refinery, retail, and telecom sectors. Apple tops the list while Samsung is at the third place,…

  • Mubadala Investment Company may invest in Jio

    Discussions are on whether Abu Dhabi-based autonomous investor Mubadala Investment Company can invest in Reliance Industries’ digital arm Jio Platform. This information has been received from a source. Significantly, last week, Reliance Industries announced the sale of a 2.32 percent stake in its digital unit to KKR, a US-based private equity company, for Rs 11,367…

  • Court orders Anil Ambani to pay $ 717 million

    (Kajal Singh intern journalist): A spokesperson for Anil Ambani said that there is no possibility of enforcement of the British court’s decision in India in the near future. The spokesman said that Anil Ambani is seeking legal advice. A UK court has asked Reliance Group chairman Anil Ambani to pay $ 717 million to three…

  • Zero Net Debt Target Expected ahead of March 2021.

    (Pooja Pal, Intern Journalist): Mukesh Ambani’s target to reach zero net debt regarding oil, telecom, and retail conglomerate expected ahead of March 2021. Asia’s richest man-Mukesh Ambani has hastened the timeframe to annihilate $21billion in net debt at his Reliance Industries Ltd., looking for to repeal cynicism that emerged as consultations to vend a stake…