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The Latest Breaking News from Mukesh Ambani

Asia’s richest men prep for battle as Gautam Adani enters Mukesh Ambani’s turf

MUMBAI: In June, Indian billionaire Mukesh Ambani and his aides ran into an unexpected dilemma when debating where to train the dealmaking lens of his empire next.

The Times of India

Reliance joins Indian Olympic Association as principal partner

The partnership has "an aspiration to host the Olympic Games in the future", the company said in a statement

The Hindu

5G spectrum auction: Rs 1.45 lakh crore bids by Jio, Airtel, others on day 1

NEW DELHI: India's largest ever auction of spectrum used to carry mobile signals saw bids of Rs 1.45 lakh crore for 5G airwaves from groups run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani on the first day on Tuesday.

The Times of India

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SC allows Centre to continue providing security to Mukesh Ambani, family in Mumbai

A Bench led by Chief Justice of India accepts Solicitor General's submissions that security was provided after taking into consideration threat perceptions and ground realities

The Hindu

Who are the top five richest people in the world? Trump win boosts Elon Musk's fortune

The X owner has seen his shares and bank balance rocket after Donald Trump’s victory in the election

Evening Standard

Here's How Much Elon Musk, Jeff Bezos And Top 10 Billionaires Lost In The First Half of 2022

The S&P 500 posted its worst first half to a year since 1970. The sharp declines for many publicly traded companies sent the net worth of the world’s richest billionaires down to start the year. Here’s how much wealth the top 10 richest people lost.

Benzinga

The Weekly Wrap for Saturday, 2 July 2022

Having broken free from an ideologically balanced, swinging bench of justices, America's Supreme Court is now going hard on Constitutional literalism and states' rights. Roe last week, the EPA this week. The docket is full this year.

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Explained in 10 charts: Why Mukesh Ambani's heirs will take over an empire different from what he inherited

NEW DELHI: Mukesh Ambani, the chairman of India's most valued firm Reliance Industries, has taken the first step to pass on the reins of leadership to the next generation of Ambanis.

The Times of India

Mukesh Ambani sets succession plan in motion by promoting his children

MUMBAI: Indian billionaire Mukesh Ambani just got busy with the early stages of succession planning at his energy-to-technology conglomerate Reliance Industries Ltd, naming two of his offspring as chiefs of key units in his $217 billion empire.

The Times of India

SC stays Tripura HC order seeking threat perception details of Ambani family

The Supreme Court on Wednesday stayed the Tripura High Court orders that had sought from the Centre the details of threat perception based on which security cover was provided to Reliance Industries chairman Mukesh Ambani and his family in Mumbai.

Dynamite News

Supreme Court stays implementation of Tripura HC orders on security cover to Ambanis

Solicitor General Tushar Mehta, appearing for the Centre, said further proceedings before the High Court on the PIL shall also be stayed as Tripura has nothing to do with the security of individuals provided in Mumbai.

The Hindu

Mukesh Ambani resigns from Reliance Jio Board, Akash appointed Chairman

Reliance Industries chairman Mukesh Ambani has resigned from the board of Reliance Jio handing over reigns to his elder son Akash Ambani, who will be Chairman of the Board of Directors.

Dynamite News

India's Mukesh Ambani resigns from Reliance Jio; hands over telecom business reins to son

NEW DELHI: In the first clear signs of a succession plan being charted out at India's most valuable company, billionaire Mukesh Ambani resigned from the board of his $217 billion group's telecom arm, Reliance Jio, and handed over the firm's reins to elder son Akash Ambani.

The Times of India

Supreme Court to hear Centre’s plea against Tripura HC order on security cover to Ambanis

Solicitor-General Tushar Mehta said he wants the appeal to be heard urgently as the High Court has asked Home Ministry officials to appear before it on June 28 with original records

The Hindu

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The Times of India

Adani Group fastest in valuation growth at 88%, Mukesh Ambani-led RIL up 13.4%: Report

MUMBAI: The Adani Group has gained the most in terms of value in the six months to April 2022, with a 88.1 per cent jump to Rs 17.6 lakh crore, a report said on Wednesday.

The Times of India

IPL Media Rights: Amazon pulls out; Star, Viacom18, Sony, Zee in 4-way race

NEW DELHI: The much-anticipated duel between Jeff Bezos and Mukesh Ambani for acquisition of one of world's costliest sporting properties won't materialise now as OTT giants Amazon on Friday pulled out of IPL media rights bidding, scheduled to start on Sunday.

The Times of India

Amazon plans to exit $7.7 billion race for cricket rights

Amazon.com Inc. is planning to withdraw from a heated competition for the rights to stream Indian Premier League cricket matches, ceding one of the world’s most popular sporting contests to rivals from Walt Disney Co. to Mukesh Ambani’s Reliance Industries Ltd.

Birmingham Post

Indian billionaire Mukesh Ambani and Apollo Global Management reportedly make £5bn Boots bid

In April an insider told BusinessLive eighth richest on earth was interested in buying the high street business

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The Guardian - UK

Reliance Industries and Apollo Global Management in £5bn bid for Boots

Mukesh Ambani teams up with US private equity fund, with Walgreens expected to retain minority stake

The Times of India

Apollo, Reliance are said to make binding offer for Boots

NEW DELHI: A consortium of Apollo Global Management and Reliance Industries has made a binding offer for Walgreens Boots Alliance’s international arm, people with knowledge of the matter said.

The Times of India

Mukesh Ambani regains spot as Asia's richest, surpasses Gautam Adani

NEW DELHI: The battle between two of India's wealthiest businessmen for Asia's richest spot keeps getting interesting with one pitting the other continuously.

The Times of India

Gautam Adani shares hit by selloff in wake of MSCI Index review

MUMBAI: Some shares that are part of billionaire Gautam Adani’s conglomerate took a beating on Tuesday as investors adjusted their holdings to reflect changes in the composition and weighings in the MSCI India Index, according to an analyst who publishes at Smartkarma.

The Times of India

Gautam Adani, Mukesh Ambani reap windfall from surging oil, coal

NEW DELHI: Gautam Adani and Mukesh Ambani are profiting from a surge in global commodity prices triggered by Russia’s invasion of Ukraine, burnishing their fossil-fuel credentials even as Asia’s richest men publicly push their pivots toward greener energy.

Birmingham Post

Who's in the running to buy Boots?

It has been reported that bidders for the High Street chemist chain have until mid May to submit final bids.

Evening Standard

The world’s top 10 billionaires: Who are they, what is their net worths and how did they build their fortunes?

The rate of billionaires increases year on year, with the current number at 2,755 billionaires worldwide, according to Forbes magazine.

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