Mukesh Ambani

Mukesh Ambani is the Chairman and MD of India's largest private sector company, RIL (Reliance Industries Limited). His company deals in refining, petrochemicals, oil & gas sectors, and retailing. He was born on April 19, 1957, in Yemen. He is the son of Dhirubhai Ambani and Kokilaben Ambani and elder brother of Anil Ambani. In 2015, Mukesh launched Jio, his own 4G network.

Timelines
India's richest 100 earned Rs. 13 lakh crore since March-2020

25 Jan 2021

India's richest 100 earned Rs. 13 lakh crore since March-2020

India's top 100 billionaires saw their wealth increase by Rs. 13 lakh crore since March last year even as the COVID-19 pandemic led to severe job losses, Oxfam said in its latest report.

Elon Musk surpasses Jeff Bezos to become world's richest person

07 Jan 2021

Elon Musk surpasses Jeff Bezos to become world's richest person

Tesla Inc. and SpaceX CEO Elon Musk has surpassed Amazon boss Jeff Bezos to become the world's richest person, Bloomberg reported on Thursday.

China's Zhong Shanshan replaces Mukesh Ambani as Asia's richest person

31 Dec 2020

China's Zhong Shanshan replaces Mukesh Ambani as Asia's richest person

Reliance Industries (RIL) Chairperson and Managing Director Mukesh Ambani is no longer the richest person in Asia. That title now belongs to China's Zhong Shanshan, a vaccine magnate and the founder of the bottled water company Nongfu Spring.

Farmers protest: Over 1,500 mobile towers damaged, Captain issues warning

29 Dec 2020

Farmers protest: Over 1,500 mobile towers damaged, Captain issues warning

The agitation of farmers took a pernicious turn when protesters started damaging mobile towers to register an objection against Reliance Jio, owned by business tycoon Mukesh Ambani.

Mukesh, Nita Ambani become grandparents for the first time

10 Dec 2020

Mukesh, Nita Ambani become grandparents for the first time

Indian billionaire Mukesh Ambani and his wife Nita have become grandparents for the first time.

Beating Jio, Airtel gained 3.77mn new subscribers in September: Details

04 Dec 2020

Beating Jio, Airtel gained 3.77mn new subscribers in September: Details

After a huge gap of four years, India's second-largest telecom service provider, Bharti Airtel, has outperformed Reliance Jio Infocomm in terms of monthly mobile subscriber additions.

Reliance Industries tops Fortune India-500 list for second straight year

02 Dec 2020

Reliance Industries tops Fortune India-500 list for second straight year

Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) has topped the Fortune India-500 list for the second year in a row.

Reliance Retail raises Rs. 47,265cr from sale of 10% stake

20 Nov 2020

Reliance Retail raises Rs. 47,265cr from sale of 10% stake

Billionaire Mukesh Ambani-led Reliance Industries announced that it has completed the sale of Rs. 47,265cr worth of stake in its retail arm, Reliance Retail Ventures Limited (RRVL), to a group of foreign investors.

Reliance buys 96% stake in Urban Ladder for Rs. 182cr

15 Nov 2020

Reliance buys 96% stake in Urban Ladder for Rs. 182cr

Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd. (RIL), has acquired a majority stake in online furniture retailer Urban Ladder, the company announced on Sunday.

RIL to invest $50mn in Bill Gates-owned Breakthrough Energy Ventures

13 Nov 2020

RIL to invest $50mn in Bill Gates-owned Breakthrough Energy Ventures

Reliance Industries will be investing $50 million (approximately Rs. 373 crore) in Breakthrough Energy Ventures, a firm established by billionaire philanthropist Bill Gates in 2015 to battle climate change.

Jio and Qualcomm begin 5G trials, achieve 1 Gbps speed

21 Oct 2020

Jio and Qualcomm begin 5G trials, achieve 1 Gbps speed

In a new development, Mukesh Ambani-led Jio Platforms Ltd. has announced its 5G plans in collaboration with Qualcomm Technologies.

NewsBytes Briefing: US Senate subpoenas CEOs of Google, Facebook, Twitter

02 Oct 2020

NewsBytes Briefing: US Senate subpoenas CEOs of Google, Facebook, Twitter

Last night, the US Senate Commerce Committee voted unanimously to issue subpoenas to the CEOs of Facebook, Google, and Twitter.

Reliance Retail scores Rs. 3,675cr from General Atlantic: Details here

30 Sep 2020

Reliance Retail scores Rs. 3,675cr from General Atlantic: Details here

The retail venture of Mukesh Ambani's Reliance Industries is going all guns blazing to take on Amazon and Walmart in India.

Had to sell jewelry to pay legal costs: Anil Ambani

26 Sep 2020

Had to sell jewelry to pay legal costs: Anil Ambani

Anil Ambani, once the world's sixth-richest man, told a court in London on Friday that he sold his jewelry to meet legal costs and that his expenses are being borne by his family, reports said.

New JioFiber Plans: Unlimited internet, OTT apps on offer

31 Aug 2020

New JioFiber Plans: Unlimited internet, OTT apps on offer

To help Indians adjust with the routine of working and studying from home, Mukesh Ambani's home broadband service JioFiber has updated its plans.

What does Reliance and Future Group deal mean for India

30 Aug 2020

What does Reliance and Future Group deal mean for India

In a major move, Mukesh Ambani's Reliance Industries has announced the decision to buy businesses of Kishore Biyani-promoted Future Group for Rs. 24,713 crore.

Chemist body opposes Reliance's acquisition of Netmeds: Here's why

20 Aug 2020

Chemist body opposes Reliance's acquisition of Netmeds: Here's why

Yesterday, Mukesh Ambani's Reliance Industries had announced the acquisition of online pharmacy Netmeds, along with its subsidiaries and parent company, to scale up its e-commerce play.

NewsBytes Briefing: Reliance buys Netmeds, SpaceX's biggest fund-raise, and more

19 Aug 2020

NewsBytes Briefing: Reliance buys Netmeds, SpaceX's biggest fund-raise, and more

In the last few hours, renowned tech giants took major strides.

Reliance could buy Milkbasket, Urban Ladder in e-commerce push

17 Aug 2020

Reliance could buy Milkbasket, Urban Ladder in e-commerce push

As Amazon and Flipkart continue to take long strides in the Indian e-commerce segment, Mukesh Ambani's Reliance Industries is also looking to grow its online footprint.

NewsBytes Briefing: Reliance could back TikTok's business, and more

13 Aug 2020

NewsBytes Briefing: Reliance could back TikTok's business, and more

In the updates since last night, TikTok's parent company ByteDance was reported to have approached Mukesh Ambani's Reliance Industries for a potential investment in the video service's India business.

#WeeklyRecap: Twitter hacked, Huawei banned, Jio's 5G strides, and more

19 Jul 2020

#WeeklyRecap: Twitter hacked, Huawei banned, Jio's 5G strides, and more

A lot has happened this week!

Is Reliance's new 'Jio Glass' worth the hype?

15 Jul 2020

Is Reliance's new 'Jio Glass' worth the hype?

During Reliance's first 'virtual' Annual General Meeting, Mukesh Ambani, the Chairman of the conglomerate, shared a lot about his oil-to-telecom businesses.

Reliance AGM: Google invests Rs. 33,737cr; Jio Glass; 5G plans

15 Jul 2020

Reliance AGM: Google invests Rs. 33,737cr; Jio Glass; 5G plans

Google will be investing Rs. 33,737 crore ($4.5 billion) in Reliance Industries' telecom-to-digital entity Jio Platforms.

Airtel-Verizon launch 'BlueJeans' to take on JioMeet, Zoom in India

15 Jul 2020

Airtel-Verizon launch 'BlueJeans' to take on JioMeet, Zoom in India

As Indians adjust with the reality of working and connecting remotely, leading telecom-to-technology companies in the country are racing to get affordable yet high-quality video-conferencing solutions up and running.

Google likely to invest $4 billion in Reliance's Jio Platforms

14 Jul 2020

Google likely to invest $4 billion in Reliance's Jio Platforms

After several major conglomerates and foreign funds, technology giant Google is mulling an investment in Reliance Industries' Jio Platforms.

Mukesh Ambani becomes 6th richest person in the world

14 Jul 2020

Mukesh Ambani becomes 6th richest person in the world

After a massive fund-raising spree of Jio Platforms, Indian business magnate Mukesh Ambani has become the sixth-richest person in the world.

Tech Briefing: Apple pays $1bn penalty, Google invests in India

14 Jul 2020

Tech Briefing: Apple pays $1bn penalty, Google invests in India

A lot happened in the technology world when you were sleeping.

Mukesh Ambani's Jio blatantly copied WhatsApp for JioChat

10 Jul 2020

Mukesh Ambani's Jio blatantly copied WhatsApp for JioChat

A week ago, Jio Platforms, the telecom-to-digital entity of Mukesh Ambani's Reliance Industries, launched JioMeet, a video conference service that looked more like a rip-off of its prime competitor 'Zoom'.

#WeeklyRecap: India bans Chinese apps, JioMeet launches, Gmail suffers outage

05 Jul 2020

#WeeklyRecap: India bans Chinese apps, JioMeet launches, Gmail suffers outage

This week, a number of developments were noted in the world of tech, but the story that drew the most attention was the ban imposed by India on 59 Chinese apps.

JioMeet, Reliance's free Zoom rival, is now available in India

03 Jul 2020

JioMeet, Reliance's free Zoom rival, is now available in India

After a nearly three-month-long fundraising spree, Mukesh Ambani's telecom-to-digital entity Reliance Jio Platforms is expanding its footprint to step into the arena of video-conferencing.

Jio Platforms scores Rs. 1,894 crore investment from Intel

03 Jul 2020

Jio Platforms scores Rs. 1,894 crore investment from Intel

Jio Platforms, the entity that holds the telecom and digital businesses of Mukesh Ambani's Reliance Industries Limited (RIL), has scored another big investment.

Jio Platforms scores another investment: $1.5bn from Saudi Arabia's PIF

18 Jun 2020

Jio Platforms scores another investment: $1.5bn from Saudi Arabia's PIF

Mukesh Ambani's Jio Platforms has scored yet another multi-billion-dollar investment.

Ambani's Jio Platforms scores another investment: $1.2 billion from Mubadala

05 Jun 2020

Ambani's Jio Platforms scores another investment: $1.2 billion from Mubadala

In another multi-billion-dollar deal, Jio Platforms, the company holding the telecom and digital businesses of Reliance Industries Limited (RIL), has agreed to raise Rs. 9,093.6 crore from Mubadala, an Abu Dhabi-based sovereign investor.

COVID-19 outbreak: Reliance starts manufacturing 'affordable PPE' for frontline workers

01 Jun 2020

COVID-19 outbreak: Reliance starts manufacturing 'affordable PPE' for frontline workers

As the number of COVID-19 cases continues to spike in India, Reliance Industries is racing to manufacture protective gear for workers on the frontline.

#WeeklyRecap: Trump targets Twitter, SpaceX-NASA historic mission, JioMart, and more

31 May 2020

#WeeklyRecap: Trump targets Twitter, SpaceX-NASA historic mission, JioMart, and more

This week, we saw plenty of developments in the tech world.

Reliance JioMart now live across 200 Indian cities: Details here

25 May 2020

Reliance JioMart now live across 200 Indian cities: Details here

The lockdown enforced to contain the outbreak of COVID-19 has surged the demand for home delivery of essentials, giving a significant boost to the business of e-grocers like Bigbasket and Grofers.

Jio Platforms raises Rs. 11,367 crore from KKR: Details here

22 May 2020

Jio Platforms raises Rs. 11,367 crore from KKR: Details here

Jio Platforms, the company holding the telecom and digital businesses of Reliance Industries Limited (RIL), has raised Rs. 11,367 crore ($1.5 billion) from US-based equity firm KKR.

Jio Platforms raises Rs. 6,598 crore from General Atlantic

17 May 2020

Jio Platforms raises Rs. 6,598 crore from General Atlantic

Jio Platforms, the entity holding telecom and digital businesses of Reliance Industries Limited (RIL), has raised Rs. 6,598 crore ($869.8 million) from US-based private equity firm General Atlantic.

Jio Platforms raises Rs. 11,367 crore from Vista Equity

08 May 2020

Jio Platforms raises Rs. 11,367 crore from Vista Equity

Jio Platforms, the entity holding telecom and digital businesses of Reliance Industries Limited (RIL), has raised Rs. 11,367 crore from US-based private equity firm Vista Equity Partners.

Coronavirus wiped nearly a quarter of Indian billionaires' wealth: Forbes

06 May 2020

Coronavirus wiped nearly a quarter of Indian billionaires' wealth: Forbes

The outbreak of COVID-19, which has claimed over 2.5 lakh lives and put a third of the world's population under lockdown, has wrecked economies completely.