MUMBAI: The Personal Net Worth of the President of Reliance Industries Mukesh Ambani it rose by 73 percent to Rs 6.58 lakh crore, helping it retain the title of being the richest Indian for the ninth year in a row by a wider margin, according to a report released on …
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Mukesh Ambani’s personal wealth increased by ₹2,77,700 crore to ₹6,58,400 crore with Reliance Industries MD and president retaining the richest Indian title for the ninth year in a row, mentioned IIFL Wealth Hurun India Rich List 2020. Mukesh Ambani, Hurun said, is the only Indian to make the top five …
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Reliance Industries Ltd, led by Mukesh Ambani, said on Saturday that it has received ₹7,500 crore from Silver Lake Partners. The California-based private equity firm previously acquired a 1.75% stake in Reliance’s retail arm. On September 9, Reliance Industries announced that Silver Lake would invest ₹7.5 billion rupees in its …
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The Money Culture, Michael Lewis’ 1991 book on the Wall Street excesses of the 1980s, brought into the mainstream a play on words about “OPM” – other people’s money. He mocked the practice of large corporations of using the money of other companies and investors to make leveraged acquisitions. Continents …
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Reliance Industries Limited and Reliance Retail Ventures Limited announced Wednesday that global investment firm KKR will invest ₹5,550 crore at Reliance Retail, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of ₹ 4.21 million lakh rupees. KKR’s investment will result in a 1.28% …
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India’s Most Valuable Company is in talks with national assemblers to make a version of its Jio phone that would run on Google’s Android and cost roughly ₹4,000 ($ 54), said the people, who asked not to be identified as the plans are private. The budget phones will be marketed …
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Reliance Industries Ltd (RIL) has asked local suppliers to increase production capacity in India so that they can make up to 200 million smartphones over the next two years, according to people familiar with the matter, a potentially huge boost to ambitions. technology of the country. and a warning shot …
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Investor demand for Reliance Industries Ltd’s retail business is so strong that Carlyle Group Inc and SoftBank Group Corp are among those placed on a waiting list, according to people familiar with the matter. Carlyle and SoftBank have recently expressed interest in investing in Mukesh Ambani’s Reliance Retail Ventures Ltd, …
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Last week, Reliance Industries (RIL) achieved the coveted milestone of crossing $ 200 billion in market capitalization. There are less than 50 companies around the world that are valued at more than $ 200 billion. Morgan Stanley analyzed how the Mukesh Ambani-led firm compared to eight global firms when they …
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NEW DELHI: Big Tech cries out for a bigger piece of India’s burgeoning internet space, but that seems to increasingly mean passing for the richest man in the country, Mukesh Ambani. Ambani’s Reliance Industries Ltd is said to be offering to sell an approximately $ 20 billion stake in its …
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