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Covid-19: Samsung, LG to provide preventive kits, other electronic products to hospitals in India

LG Electronics India will donate products like water purifiers, air conditioners, refrigerators and TVs to the hospitals. Samsung India, on the other hand, will provide preventive kits to hospitals, which includes a surgeon gown, face mask, gloves, preventive eye wear, hood cap and shoe cover.

RIL extends Rs 500 crore to PM Care, Rs 5 crore to Maharashtra, Gujarat each

Last week, RIL had announced a detailed plan to support India's fight against Covid-19, which includes medical help through its hospital, healthcare facilities using the Jio platform, and providing free fuel for all emergency service vehicles, and a donation of Rs 5 crore to Maharashtra's Chief Minister's Relief fund.

When Mohandas Pai praised 'great industrialist' Mukesh Ambani during Janata Curfew

Ambani's special tribute to health service providers caught Pai's attention.

Reliance Industries shares worth Rs 9,145 crore change hands

Shares of RIL on Friday ended at Rs 1,065.5, 0.86 per cent lower, on the BSE.

Reliance Industries surges 11% as Mukesh Ambani, family raise stakes

Mukesh Ambani, who personally held 72.31 lakh shares or 0.11 per cent of RIL, raised his holding to 75 lakh shares or 0.12 per cent.

Telcos may consider waiving off 1-month charge to aid migrant labourers: COAI

Rajan Mathews, director general of the Cellular Operators Association of India (COAI), which represents Jio, Airtel and Vodafone Idea, said the telcos “were likely to consider the request” as they have always put the interest of their customers first.

Congress writes to telcos to waive a month's call charges for migrant labourers

In letters to RIL chairman Mukesh Ambani, Airtel chairman Sunil Mittal, VIL chairman Kumar Mangalam Birla and BSNL chairman P K Purwar, Gandhi has called on telcos to “make incoming and outgoing call facilities” on their networks “available in the relevant areas without charge for the next one month” for home-bound migrant workers who have run out of cash on their phone recharges.

India Inc offers monetary aid, other packages

Ratan Tata, chairman, Tata Trusts, said the Trusts and the Tata group together would contribute Rs 1,500 cr to fight the pandemic. Reliance Industries chairman Mukesh Ambani will contribute Rs 5 cr to the chief minister’s relief fund. Gautam Adani, chairman of Adani Group, said that Adani Foundation will contribute Rs 100 cr to the PM-CARES Fund

Facebook eyes multi billion dollar stake in Reliance Jio: FT

Facebook Inc is in talks to buy a multi billion dollar stake in Reliance Industries Ltd's telecom unit, the Financial Times reported on Tuesday, citing two people with knowledge of the matter.

Reliance seeks to sell Mideast crude cargoes in rare move

Reliance, controlled by billionaire Mukesh Ambani, has offered various grades of Middle East crude for sale in Asia's spot market, including grades such as Abu Dhabi's Murban crude and Qatar's al-Shaheen crude, four sources said.

Mukesh Ambani, Premji, Kotak, Mittal's wealth hit by market crash; but Damani is still smiling

The nearly $19 billion fall in net worth for Mukesh Ambani was the fifth worst globally.

Mukesh Ambani loses Asia wealth crown to Jack Ma in $5.8 billion rout

Jack Ma is back on top with a $44.5 billion fortune, about $2.6 billion more than Ambani.

Coke’s James Quincey talks retail tieups with Mukesh Ambani

“The discussion was about how Coca-Cola could come on board with Reliance for various sponsorships and furthering their retail association,” one of the officials said. “Typically, such associations drive higher footfalls for the retailer and in-store visibility for the brand.”

RIL share price hits 52-week low; Mukesh Ambani loses Rs 1.11 lakh crore in 70 days

The scrip has fallen 28% in the current calendar year, making a $15.2 billion dent for Ambani.

RIL jumps 14% as Facebook looks to buy stake in Jio

A deal was to have been announced by March end, the FT said.

Facebook in talks to acquire 10 per cent stake in Jio: Reports

The FT report said Google had also been talking to Jio separately, citing one of the people above. Microsoft had said last year that it would provide cloud-computing services to businesses along with Jio. India is the biggest market for Facebook with 328 million monthly users and the company’s WhatsApp messaging app has 400 million users in the country, also the most in the world.

Covid-19 scare: PM Modi seeks industry help to stop movement of urban labour class to rural areas

PM Modi also urged corporate houses to contribute generously to the government’s coffers. He assured instant approvals for any regulatory permissions required for them to work towards fighting the disease, top officials said.

Jio-Microsoft partnership will define this decade: Mukesh Ambani

Jio had earlier last year signed a long-term alliance with Microsoft for the launch of new cloud data centres. Under the deal, Microsoft will bring in the Azure Cloud on the Jio Network targeting the enterprise and small business users who want to make a shift to a cloud technology infrastructure.

Slowdown in India is temporary, govt reforms will pay off: Mukesh Ambani

Mukesh Ambani said the country has reasons to be more optimistic for the next decade.

Ambanis marginally increase stake in Reliance

Mukesh Ambani, who personally held 72.31 lakh shares or 0.11 per cent of RIL, raised his holding to 75 lakh or 0.12 per cent.

Mukesh Ambani sees online gaming as next big thing in India

India is witnessing the growth of online fantasy sports leagues, quizzing and card games.

Game On! This could be Mukesh Ambani's next big bet

While talking to Microsoft's Satya Nadella, Ambani said that gaming could be the next big industry in India.

Mukesh Ambani's RIL to consolidate media and distribution business

The restructuring will create a mega diversified media entity with interests in news, entertainment, internet, ISP and cable businesses that can compete with Zee Group, Bennett Coleman and Co Ltd, the publishers of The Economic Times, Sun Tv Networks, Sony among others. The boards of these companies met on Monday to clear the proposal.

Coronavirus Hit! Mukesh Ambani loses $5 billion; Ajim Premji $869 million, Adani $496 million

This stock rout has wiped off Rs 11.52 lakh crore of equity investors’ wealth on Dalal Street.

Reliance Jio doesn't have a single Chinese component, Mukesh Ambani tells Donald Trump

Washington in the past has put pressure on New Delhi to keep China's Huawei out of the India's 5G deployments. The Indian government, however, has allowed Huawei and ZTE, another Chinese company, to participate in 5G trials. New Delhi will take a separate call on allowing Huawei to participate in the commercial deployments of the next generation technoligy in India.

India added 3 billionaires a month in 2019; Mukesh Ambani richest Indian

In total, India got 34 new billionaires to take the count to 138 on the list.

Mukesh Ambani retains world's richest Indian tag, Uday Kotak becomes wealthiest self-made banker

According to the Hurun report, only 3 Indians are ahead of Kotak in the top 100 list.

You've done a great job on 4G, energy: Trump to Mukesh Ambani

"Great job you have done. Thank you," Trump told Ambani who briefed him about the RIL investment in the US and India business at the CEO roundtable event organised at the US Embassy here. "We are investors in the United States in the energy sector and have invested $7 billion towards that," Ambani told Trump who immediately replied: "$7 billion, yeah, big one."

Every entrepreneur in India has the potential to be a Dhirubhai Ambani or Bill Gates: Mukesh Ambani

Saying that India has transformed tremendously over the past two decades -- from a $300 billion economy in early 1990s to becoming a $3 trillion economy in 2020 -- Ambani stressed that India is on track to become one of the top three economies of the world.

India at cusp of becoming premier digital society; to be among top three world economies: Mukesh Ambani

Reliance Industries Chairman Mukesh Ambani on Monday said India is at the cusp of becoming a "premier digital society", and will be among the top three economies of the world.

Mukesh Ambani’s plans to make Reliance debt-free hit multiple snags

The country’s richest family becoming the subject of a tax probe is unprecedented and has surprised many.

Bulls defy India lockdown: Sensex surges 1,862 points; what's behind the rally

The Finance Ministry is working with officials to finalise the stimulus plan.

Reliance Industries offers hospital, Jio, fuel support to combat Covid-19

RIL said it has deployed the combined strengths of Reliance Foundation, Reliance Retail, Jio, Reliance Life Sciences, Reliance Industries, and all the 6,00,000 people that work for the group on this action plan against COVID-19.

Stocks rout wipes off wealth that equals 40% of GDP, 7 times India’s fiscal deficit

The selloff has hurt everyone from smallest investor to the biggest billionaire equally hard.

Stocks in the news: J&K Bank, Reliance Ind, YES Bank, ICICI Lombard and BoB

ICICI Lombard has rolled out a COVID-19 protection cover under the group insurance category.

Jio arms itself with own cutting-edge tech, telecom could be in for another reset

Till now, Jio has been depending upon 4G voice technology supplied by Oracle and Nokia. According to a company exec, Jio has already replaced Orclae and Nokia techs with its own in an effort to cut reliance on foreign third-party suppliers.

Reliance Industries initiates work-from-home for staff amid novel coronavirus outbreak

Chairman and Managing Director Mukesh Ambani will hold a meeting almost every third day to take stock of the impact of novel coronavirus (Covid-19) outbreak on his employees and business, officials said. The oil-to-telecom conglomerate initiated a work from home protocol for its employees across the country and overseas in response to the evolving Covid-19 situation. This protocol will be effective until March 31.

Modi’s ‘stay at home’ call may deepen India’s economic slowdown

Shrinking output may limit growth in an economy that’s already set to expand at an 11-year low of 5% .

Sensex jumps 1,628 pts; logs worst weekly fall since 2008 financial crisis

For the week, Sensex and Nifty dropped 12.28 per cent and 12.02 per cent, respectively.

Nita Ambani named alongside Serena Williams & Simone Biles in World's 10 Most Influential Women in Sports list

Ambani is the owner of Mumbai Indians cricket team franchise.

The best prepaid rechange plans under Airtel, Reliance Jio and Vodafone Idea

The three networks have varied plans across price ranges, we've put together the best plans under Rs 700.

Reliance Jio develops in-house 5G tech to reduce costs

Jio has developed its own 5G and other technologies, to cut costs and reduce dependence on foreign vendors.

Mukesh Ambani saw his wealth surge $18 billion this year

The surge in Ambani’s fortunes this year was fueled by a 40% jump in the shares of his conglomerate RIL.

Market Movers: ONGC, HUL, RIL rally; YES Bank tanks; VIX eases

Here is a lowdown of the movers and shakers of Tuesday’s session on Dalal Street.

Reliance Jio builds in-house 5G, IoT; replaces Nokia, Oracle tech to reduce dependence on foreign gear

The Mukesh Ambani-owned company has replaced Nokia’s and Oracle’s 4G voice technology with its own, a senior company executive said. The move is perhaps a global first, analysts said, where a mobile phone company has developed in-house technology to replace third-party equipment vendors.

View: SBI's card unit's IPO reflects the Mukesh Ambani factor

SBI Cards IPO could have boundless prospects, or become a victim of arrested development.

Jio vs Airtel vs Vodafone Idea: A comparison of 2 GB data plans

All the telecom operators these days offer a decent 2 GB per day data on affordable plans. Here is a comparision of such prepaid plans being offered by Reliance Jio, Vodafone Idea and Airtel.

Power play: Mukesh Ambani, SRK, Ekta Kapoor get a spot on Variety's 500 Most-Important People list

Aamir Khan and Siddharth Roy Kapur are also among the 10 Indians on the list.

Sony in talks to buy stake in Mukesh Ambani's TV network

Talks are at a preliminary stage and may not result in a transaction, according to people familiar with the matter.

Reliance Jio user addition in December falls sharply: Trai

Mukesh Ambani-led Jio added a modest 82,308 mobile users, taking its subscriber base past 370 million in December, way below the 9.1 million and 5.6 million customer-adds reported by the company in October and November respectively last year.

Donald Trump raises secure 5G networks in meeting with PM Modi

At a special press briefing with Indian industrialists at the US embassy in New Delhi, Trump said, "During our visit we discussed the importance of a secure 5G wireless network & the need for this emerging technology to be a tool for freedom, progress, prosperity, not to do anything with where it could be even conceived as a conduit for suppression and censorship."

Premji, Nadar lose nearly $1.5 billion each as markets crash

A recession could make clients of IT services companies cut their technology spends.

Donald Trump says stock market will crash if he loses US election

Dow tanked 1,000 points as spike in coronavirus cases beyond China spooked investors.

Donald Trump to meet top India Inc leaders at Rashtrapati Bhavan today

Among the chief ministers expected to be present are three from BJP-ruled states — Manohar Lal Khattar (Haryana), BS Yediyurappa (Karnataka) and Sarbananda Sonowal (Assam). Telangana CM K Chandrashekar Rao is also expected to be present. The invite to the Telangana CM is significant as there is a growing presence of Telugu-speaking Indians in the US, including students and professionals.

In Mumbai, Microsoft boss Nadella trumpets cloud tie-up with India's Reliance

"We've been working with Reliance across the entire stack - everything from what they are going to be doing with Azure in their own data centres and how they will extend it... It's sort of a great example of a business leader and a company which is in very diverse sectors to take a platform approach, to use technology to create more technology," said India-born Nadella at the event in Mumbai.

Corporate chatter: When Ambani's SIL discussed Sharon Stone with Blackstone boss; Yes Bank's last pitch to RBI

Piramal was seen engaged in a riveting fireside chat with Stephen Schwarzman.

DMart’s Noronha wealthiest CEO in India

Instead, he is in a line of business that’s as traditional as it gets – groceries, largely.

Mukesh Ambani advises fellow telecom billionaires how to raise money

Airtel can easily raise Rs 40,000 crore by selling assets, while Voda Idea has no dearth of funds, he said.

Slowdown in India temporary, reforms undertaken to reverse trend: Mukesh Ambani

Billionaire Mukesh Ambani on Tuesday said the slowdown in the Indian economy is temporary and the recent measures taken by the government will help reverse the trend in the coming quarters. Speaking at Saudi Arabia's annual investment forum, also known as 'Davos in the desert', he said the reforms undertaken by Prime Minister Narendra Modi's government since August will bear fruits in the next few quarters.Slowdown in India temporary, reforms undertaken to reverse trend: Mukesh Ambani

Slowdown temporary, opportunity ahead: RIL Chairman Mukesh Ambani

"The current slowdown is temporary," Ambani said at the opening plenary of the third edition of Future Investment Initiative (FII) in Riyadh on Tuesday.

Recent reform measures to revive Indian economy soon, says Mukesh Ambani

Mukesh Ambani said the reforms undertaken by Modi govt since August would bear fruits in the next few quarters.

Mukesh Ambani overtakes Larry Page, Sergey Brin to become 9th richest in the world

According to Forbes' 'The Real-Time Billionaires List', Ambani's 'real-time net worth' stood at $60.8 billion on Thursday.

Trump woos India Inc to invest more in US, promises easing of regulations further

Speaking at a high-profile CEO round-table which included captains of the Indian industry such as Reliance Industries Chairman Mukesh Ambani, Mahindra Group Chairman Anand Mahindra, Tata Sons Chairman N Chandrasekaran and Aditya Birla Group Chairman Kumar Mangalam Birla, Trump reassured that regulations "will only get better" for investment in the US.

Developers need to be responsible, should focus on trust, inclusivity: Nadella

The India-born top executive also highlighted that developers should work with diverse teams, so that "unconscious biases" do not creep into the models used for developing AI. According to Microsoft, there are about 4.2 million developers in India and the country is poised to become the numero uno destination for such talent in the coming years.

Radhakishan Damani becomes India’s 2nd richest person

A recluse to the core, Radhakishan Damani does not give media interviews or attend market-related events.

Mukesh Ambani richest Indian for eighth straight year

Gautam Adani stormed into the top 5 with a total wealth of Rs 94,500 crore.

RIL pumps in Rs 500 crore equity into Alok Inds for 37.7%stake

The Ahmedabad bench of the National Company Law Tribunal (NCLT) had last year approved the joint bid.

RIL jumps over 2% as stake sale talks with Aramco gather pace

Aramco officials have been working at Reliance’s offices in Mumbai for due diligence this month.

RIL m-cap nears Rs 10 lakh crore; Mukesh Ambani now world's 12th richest man

On a year-to-date basis, Mukesh Ambani's wealth increased by $13.70 billion to $58 billion.

HCL's Shiv Nadar tops givers list, Mukesh Ambani comes third

Azim Premji, who created headlines by announcing a USD 21 billion commitment to charity, is second in the Edelgive Hurun India Philanthropy List 2019.

Supermarket chain DMart set to enter Delhi

The parent company of DMart—Mumbai-based Avenue Supermarts Ltd—has taken about 50,000 sq ft of space in east Delhi’s Karkadrooma court area for its first outlet in the national capital, a person familiar with the development told ET. Another person said, “They are scouting for space for 4-5 stores in Delhi NCR.”

Blow for telcos: Niti Aayog, CCI oppose fixing floor for telecom tariffs

Niti Aayog said, “The proposed minimum floor price are likely to disincentivise competition on cost efficiency, price, and quality parameters, and deter new entries and innovation.” The Centre’s policy think-tank further suggested that setting a floor price now could discourage new entrants riding on disruptive technology and “deprive customers of benefits” of competition.

Prince Charles turns 71; spends birthday with Mukesh Ambani, Ratan Tata, Katy Perry in Mumbai

The Indian business leaders discussed sustainable market initiatives with the British royal.

Mukesh Ambani hosts nephew's pre-wedding bash; Isha, Shloka, Radhika dazzle in Anamika Khanna outfits

The starry affair saw SRK and the Bachchans in attendance.

If I lose US presidential election, markets will crash: Donald Trump

US President tells India Inc to invest billions and promises to cut more regulation. Some industry leaders in attendance told Trump their companies are investing in the US. Trump responded to every investment commitment with fulsome praise. He also pegged reduction in regulations to his re-election.

Reliance, Aramco accelerate refinery stake sale talks

Reliance is keen to sign a binding agreement before the next annual shareholders meeting.

A-grader DMart moved to ‘T’ segment to cool down punters

Avenue was unexpectedly moved into the Trade-to-Trade or ‘T’ Segment .

Former Indian Oil chief Sarthak Behuria joins RIL as an advisor

Behuria , who was the chairman of IOC between 2005-10, started his career with Burmah Shell in 1973, which was nationalized in 1976 and renamed as Bharat Petroleum Corporation, where he rose to the position of director (marketing) in November, 1998 and as Chairman & Managing Director, in July, 2002.

Creditors swoop on Indian tycoons’ Rolls Royce, island mansion

The moves come as India is battling $130 bn of bad debt that has sparked bankruptcies at some companies.

Mukesh Ambani’s shareholding has not increased in company, says RIL

Reliance was clarifying on reports Wednesday that said Ambani’s stake in the company has increased to 48.87% due to a scheme of arrangement.

Mukesh Ambani's stake hike in Reliance only representational: Kotak Securities

Kotak said RIL transferred the treasury shares held by its subsidiaries to Reliance Services and Holdings.

Mukesh Ambani’s shareholding in RIL increases to 48.87%

Reliance Services and Holdings on Tuesday said that it has acquired 2.71 per cent stake.

Mukesh Ambani wants to make Reliance Jio "virtually net debt free" by March 31, 2020

Reliance Industries Ltd (RIL) on Friday said it will set up a new subsidiary to bring all its digital initiatives and apps under a single entity, and infuse Rs 1.08 lakh crore equity into this new unit. The new structure is similar to those adopted by tech titans globally, and will offer a compelling investment proposition to strategic and financial investors, many of whom have evinced strong interest in partnership, the company said in a statement, adding that this will also create the largest digital services platform company in India.Mukesh Ambani wants to make Reliance Jio "virtually net debt free" by March 31, 2020

Asia’s richest man Mukesh Ambani emerges winner as rivals face $7 billion bill

SC's judgement backing the govt’s definition of adjusted gross revenue (AGR) has further piled up the woes for India's other telecom players except Jio. Bharti Airtel and Vodafone Idea Ltd. have racked up a combined net debt of almost $28 billion.

The story of Sweetish House Mafia: Proof's in the crumbs

The entire business started via social media posts and SHM began with mobile deliveries from the back of a Tata Nano.

Mukesh Ambani visits Lalbaugcha Raja; Anant, Akash-Shloka, Bachchans accompany

The Ambanis and Bachchans were dressed in their festive best.

Indian refiners RIL, Nayara Energy plan to wind down Venezuelan oil buys in April: Sources

Such a step by Reliance, which operates the world's biggest refining complex, and Nayara - part owned by Russian oil major Rosneft - would severely curtail purchases by one of Venezuela's last big export destinations. India accounted for about a third of Venezuela's oil shipments in January.

Reliance JioFibre: Mukesh Ambani unveils broadest range of plans

Mukesh Ambani's much anticipated fiber-to-the-home (FTTH) service is finally launched. JioFiber plan rentals will start at Rs 699 and will go up to Rs 8,499. The lowest tariff will start with 100 Mbps speed. Most tariff plans come with access to all the services.Launched on August 12, Jio Fiber will see its commercial rollout today. The service, which has the potential to alter the broadband landscape in IndiaReliance JioFibre: Mukesh Ambani unveils broadest range of plans

Jio, Airtel, Vodafone Idea oppose Trai's tariff plan transparency

Only last year Jio had clashed with the other two over the issue. But now they have buried the hatchet.

Mukesh Ambani continues to rule Forbes India rich list, followed by Adani; no woman in top 10

38-year-old Byju Raveendran makes his debut.

Donald Trump set to meet India Inc captains in Delhi on Feb 25

The probable list of attendees includes Reliance Industries chairman Mukesh Ambani, Bharti Airtel chairman Sunil Mittal, Tata Sons chairman N Chandrasekaran, Mahindra Group chairman Anand Mahindra, Larsen & Toubro chairman AM Naik and Biocon CMD Kiran Mazumdar-Shaw, ET has learnt from diplomatic sources. The CEOs’ roundtable will also be attended by bureaucrats.

Mukesh Ambani grooms the heirs to his $50 billion fortune

Ambani is enlisting his children to help drive the modernization of his empire.

Mukesh Ambani just got richer by over $4 billion!

Wealth of India’s richest person has been swelling like never before. Reliance Industries' promoter and biggest shareholder Mukesh Ambani got richer by close to Rs 29,000 crore since the company’s annual general meeting on Monday.Mukesh Ambani just got richer by over $4 billion!

Mukesh Ambani gets richer by Rs 29,000 crore in 2 days!

Since the August 12 AGM, Ambani’s wealth has gone up by $4 billion (Rs 28,684 crore).

RIL AGM: Mukesh Ambani seconds irked shareholder's view

At the AGM, one shareholder told another: 'stick to asking relevant questions'.

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