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The Latest Breaking News from Mukesh Ambani

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

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

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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.

The Times of India

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

Birmingham Post

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 Guardian - UK

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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.

The Times of India

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.

Birmingham Post

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.

Evening Standard

Pradeep Sharma main conspirator in Mansukh Hiren killing: NIA

Central agency files affidavit in Bombay High Court

The Hindu

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Benzinga

India's 2 Richest Bringing Their Fight To Media Space Spells Trouble For Netflix, Disney

Indian OTT space is heating up with the country's top two billionaire tycoons — Mukesh Ambani and Gautam Adani — gearing up to compete against each other.

Birmingham Post

Exclusive: Indian billionaire Mukesh Ambani definitely interested in buying Boots says source – having considered then dropped Chelsea FC bid

BusinessLive has been told his company Reliance Industries keen to build UK foothold, attracted by transparent regulations

Nottingham Post

Who owns Boots? Boots owner holds May deadline for £6billion bids to buy UK retailer

The new deal would have Boots undergo expansion into India, the Middle East and Southeast Asia.

Evening Standard

India’s second richest man joins race to buy Boots

Mukesh Ambani is largest shareholder and chairman of retail-to-energy group Reliance Industries

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Nottingham Post

Boots could be taken over by eighth richest man on earth as Mukesh Ambani in rumoured bid

He's believed to be teaming up with a US giant

The Independent UK

Mukesh Ambani and Apollo set for Boots takeover bid

It comes after Boots’ current owner, Walgreen Boots Alliance, announced a review of the UK business.

Birmingham Post

Eighth richest man on earth Mukesh Ambani rumoured to be planning joint takeover of Boots

Boots CEO Seb James stressed this month there was 'a lot of interest' in business amid fears £7bn sale had stalled

The Times of India

How a creditor revolt scuttled Mukesh Ambani’s $3.2 billion retail deal

NEW DELHI: The preferential treatment of bondholders riled banks enough to reject a $3.2 billion rescue deal from one of Asia’s richest men for a debt-laden unprofitable retail chain, according to people familiar with the matter.

The Times of India

Gautam Adani surpasses Warren Buffett to become 5th richest person globally

NEW DELHI: Adani Group chief Gautam Adani has become the 5th richest person in world by surpassing Berkshire Hathway CEO Warren Buffett.

The Times of India

FRL shareholders' e-voting ends; EGM for shareholders, creditors to be held on April 20, 21

NEW DELHI: The electronic voting process for shareholders of the debt-ridden Future Retail Ltd (FRL) ended on Tuesday evening ahead of the meetings of the shareholders and creditors to approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail despite opposition from e-commerce major Amazon and…

Daily Mirror

Richest sports team owners top 10 as Arsenal's Kroenkes above Newcastle's Saudi prince

Newcastle United have been tipped for European football dominance, yet many fans may be surprised to hear that Arsenal owner Stan Kroenke leads the Saudi Crown Prince in the richlist

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