India has the third highest number of billionaires in the world after the US and China, according to a new list by the prestigious Forbes magazine, which said Reliance Industries chairman Mukesh Ambani reclaimed his spot as Asia's richest person, dethroning Chinese business tycoon Jack Ma who was the richest person in the region a year ago.
The Shubh Ashirwad ceremony was organised by Nita and Mukesh Ambani, and the gathering saw a distinguished assembly of spiritual leaders.
Having missed most of the first three industrial revolutions, India has its chance to lead the fourth industrial revolution through a convergence of its IT prowess, ultra-high-speed internet connectivity and affordable smart devices, billionaire Mukesh Ambani said on Thursday. The richest Indian, who heads the nation's most valuable company Reliance Industries, said his group's telecom and digital unit Jio was conceived to provide the key ingredients needed to lead the fourth industrial revolution.
The grand Ambani wedding is being held at the Jio World Convention Centre.
Ambani now holds 80.52 lakh shares or 0.12 per cent of RIL, up from 75 lakh shares held before the rights issue. His wife Nita and children Isha, Akash, and Anant too got 5.52 lakh shares each after they subscribed to the rights offering. They, too, hold 0.12 per cent each in the firm.
Reliance Industries Chairman Mukesh Ambani on Monday said his company is open to joining hands with Bharti Airtel for improving telecom network for 4G services in Punjab.
The collective wealth of the 100 richest went past $1 trillion for the first time.
Jeff Bezos of Amazon tops the list for the second consecutive year with networth of $147 billion.
Shareholders were upset with RIL's increasing focus on non-core areas and its reluctance to pay dividends
"We process about 2 per cent of the world's transportation fuels. So, whenever you fly or drive a car or things move in a truck, think about Reliance," Ambani said delving into evolution of the petrochemicals major at an award function in New York.
Hails country's recent digital highways and predicted India to become digital content capital of world.
At the heart of one of the biggest transformations in India's corporate history lies a plan to offer super-fast broadband services.
The 24th CPI(M) Party Congress commenced in Madurai, Tamil Nadu, with interim coordinator Prakash Karat emphasizing the need for Left unity to combat "Hindutva neo-fascism." He criticized the BJP-RSS government, accusing it of representing a "Hindutva-corporate nexus" and displaying "neo-fascist characteristics." Other Left leaders, including CPI general secretary D Raja and CPI(ML) Liberation general secretary Dipankar Bhattacharya, echoed calls for unity and condemned the current political climate in India.
The remuneration for 2009-10 fiscal to Mukesh Ambani, the country's richest person with a net worth of $29 billion and fourth wealthiest in the world as per Forbes magazine, is still higher than any other director of Reliance Industries.
Life Insurance Corporation of India (LIC) has made the most of the stock market boom by reducing stakes in all its top conglomerates during the financial year 2023-2024 (FY24). However, even after reducing exposure, the value of its remaining stake has gone up substantially across all groups, according to data collated from stock exchange filings.
The pre-wedding festivities of Radhika Merchant and Anant Ambani aren't over yet!
Others in the top 10 include Uday Kotak at the 6th place with a wealth of Rs 94,100 crore, Cyrus S Poonawalla at 7th position with Rs 88,800 crore assets, Cyrus Pallonji Mistry at 8th spot with a wealth of Rs 76,800 crore, Shapoor Pallonji at 9th position with a net worth of Rs 76,800 crore and Dilip Shanghvi at 10th slot with Rs 71,500-crore wealth.
If the deal is indeed being considered, this will be the first time that Ambani will be putting his money in a print media venture since he and his younger brother, Anil Ambani, split businesses to form their own groups
Ambani is also the year's biggest gainer, adding USD 9.3 billion to his wealth amid the continuing success of his Reliance Jio broadband telco service.
Ahmedabad-based Torrent Group has completed the acquisition of a majority 67 percent stake in Indian Premier League (IPL) franchise Gujarat Titans.
In an LBD livened up with silver, Radhika Merchant made an elegant appearance.
The combined market capitalisation of Adani group companies increased to Rs 15.11 trillion last week. As a result, Gautam Adani's family raced ahead of Mukesh Ambani of Reliance Industries, reclaiming the title of India's wealthiest promoter.
Prime Minister Narendra D Modi on Saturday blessed the newly wed couple Anant Ambani and Radhika Merchant after their wedding that was attended by global celebrities, business tycoons and politicians.
India's biggest telecom players, Bharti Airtel and Reliance Industries-backed Jio Platforms, will soon bring billionaire Elon Musk-led SpaceX's Starlink satellite services to India. According to analysts, the move could boost India's tele density, especially in the rural areas, and may be an opportunity for investors to add the two stocks on dips for long-term gains
Radhika Merchant and Anant Ambani's haldi ceremony on July 8 saw glamorous film folk make pretty pictures once again after the sangeet.
Reliance earned $11.50 for every barrel of crude that it processed during the last three months of the calendar year - almost 60 per cent more than a year earlier.
While GBP 50 million is earmarked for grassroots and recreational cricket, the 18 English county teams will get a share of GBP 470 million with larger pie allocated for those clubs that don't own a 'Hundred Franchise'.
Bankers said as part of its debt reduction plan, Canada's Brookfield-sponsored India Infrastructure Trust acquired a pipeline for Rs 13,000 crore from East West Pipeline Ltd, an arm of Reliance Industries Holding Private Ltd, and all the liabilities are now off the subsidiary's books.
The case relates to the company allegedly developing a software that helps users increase probability of a child of particular gender.
Tatas, Ambanis, Adanis, Birlas contributed an average of Rs 800 crore to Rs 1,000 crore per family group.
Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) has surprised the street with a better than expected performance in its oil-to-chemicals (O2C) division in October-December 2024 (Q3FY25). RIL executives attributed it to favourable feedstock sourcing and higher volumes. However, they also listed cost optimisation and other measures.
Apply the 'insurgent' tests on what Ambani, Ramdev and Agarwal have done of late, and you will start seeing the similarities rather than obvious differences of industry, upbringing or social station, says Shailesh Dobhal.
Glimpses from the Shiv Shakti puja that took place in Antilia before the grand Ambani shaadi.
'Salman's bad phase is going on for the last five-six years.'
People from different walks of life gathered outside the residence of Ratan Tata in south Mumbai on Thursday morning to pay their respects to the veteran industrialist, who died in a hospital in Mumbai.
She was the artist who performed at Anant and Radhika Ambani's raas garba function.
The Maharashtra government has declared a day of mourning in the state on Thursday to pay tributes to industrialist Ratan Tata, the Chief Minister's Office said.
The newlywed couple, Anant and Radhika, witnessed athletes showcasing their remarkable skills against tough opposition in Paris
'Look at the amazing combination of you coming from Punjab, me coming from Chennai, and we are making a Marathi film.'
In the Forbes rich list Mukesh Ambani is ranked 39th.
