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Mukesh Ambani

Reliance developing green complex in Jamnagar at cost of Rs 75,000 crore: Mukesh Ambani

It will be among the largest integrated renewable energy manufacturing facilities in the world, said Reliance Industries chairman Mukesh Ambani at International Climate Summit   Mumbai: Reliance Industries is developing a green complex on 5,000-acre area in Jamnagar at a cost of Rs 75,000 crore as part of its pledge to fuel India’s Green Economy,...

SC upholds stay on Reliance-Future Retail deal; big win for Amazon

Future Retail to explore legal remedies to finalize the deal    New Delhi: The Supreme Court of India has upheld the single-judge bench stay order on the sale of Future Retail Ltd (FRL) to Mukesh Ambani-led Reliance group. The order comes in favour of Amazon which has been embroiled in a bitter battle Reliance over...

Here are the major announcements from the 44th AGM of Reliance Industries

Reliance Industries chairman Mukesh Ambani on Thursday announced that the $15 billion deal with Saudi oil major Aramco will be completed in 2021. He was virtually addressing the 44th Annual General Meeting of the company. The development comes as oil-to-telecom conglomerate announces the induction of Yasir Al Rumayyan, the chairman of Aramco, into the Reliance...

Delhi HC restrains Future Retail from going ahead with Reliance deal

Acting on a plea filed by e-commerce giant Amazon, the Delhi High Court on Thursday upheld the Singapore International Arbitration Centre’s order restraining Kishore Biyani-led Future Retail Limited from going ahead with its Rs 24,713 crore deal with Mukesh Ambani’s Reliance Retail. Justice JR Midha, while remarking that the group wilfully violated the Singapore...

Mukesh Ambani Threat Case: NIA seizes black Mercedes used by arrested cop Sachin Vaze

In the latest development in the ongoing probe in the Mukesh Ambani threat case, the National Investigation Agency (NIA) has seized a black Mercedes-Benz car that was allegedly used by arrested cop Sachin Vaze. It has also recovered a note counting machine, Rs 5 lakh in cash, some clothes and the number plate of the...

Owner of explosives-laden car parked outside Mukesh Ambani’s house found dead

The Thane Police has revealed that the owner of the explosives-laden car found outside Reliance Industries chief Mukesh Ambani’s house in Mumbai has been found dead. The police said that the man’s body was found from Kalwa creek in Thane. As per the preliminary investigation, the deceased, Mansukh Hiren, committed suicide and the police believe...

Jaish-ul-Hind takes responsibility for parking explosives-laden car outside Mukesh Ambani’s house

The responsibility for parking the explosives-laden vehicle outside Reliance Industries chief Mukesh Ambani’s house ‘Antilia’ in Mumbai has been taken by an unknown organisation named Jaish-ul-Hind. In a message on messaging app Telegram, the organisation said that the explosive-laden vehicle outside Mukesh Ambani’s house was “only a trailer” and...

Reliance enters into rice deal with Karnataka farmers

Reliance Retail Limited, an arm of Mukesh Ambani’s Reliance Industries Limited (RIL), has entered into a deal with the farmers of Sindhanur taluk in Raichur district of Karnataka for the procurement of 1,000 quintals of Sona Masoori—a variety of rice. The deal is being hailed as the first such transaction between a corporate and farmers...

RIL, BP commence gas production from KG-D6 block off east coast

Reliance Industries Limited (RIL) and British oil and gas major BP on Friday announced the start of production from the R Cluster, ultra-deep-water gas field in KG-D6 block off the east coast of India. The three ultra-deepwater gas projects in block KG D6 are R Cluster, Satellites Cluster and MJ. Together they are expected to...

Jio to roll out 5G services in 2021: Mukesh Ambani

Reliance Industries chairman Mukesh Ambani on Tuesday announced that Reliance Jio has plans to roll out 5G services in India in the second half of 2021. He said this during his address at the India Mobile Congress. The Reliance chief, however, said that policy steps are required to accelerate the early rollout of 5G services...

Jio, Qualcomm join hands for faster 5G rollout in India

In a bid to fast-track development and rollout of 5G network services in India, Mukesh Ambani-owned Reliance Jio and American technology conglomerate Qualcomm have announced that they are working together on the same. Utilising Qualcomm’s technology, Jio has indigenously developed a 5G Radio Access Network (RAN) product that has achieved ultra-high throughputs, and the...

Mukesh Ambani now world’s fifth-richest

Reliance Industries chairman Mukesh Ambani has become the fifth richest person in the world.  Mukesh Ambani has pipped top American investor Warren Buffett to occupy the fifth spot. The fifth ranking is as per the Billionaires List by Forbes magazine. As per the real-time ranking by Forbes, Mukesh Ambani’s wealth has been estimated at Rs...