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The Latest Breaking News from Mukesh Ambani

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

Birmingham Post

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

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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…

The Times of India

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

Daily Mirror

Reliance studying possible bid for Walgreens’s boots chain

NEW DELHI: Billionaire Mukesh Ambani’s Reliance Industries is weighing a possible bid for Walgreens Boots Alliance Inc’s international drugstore unit, according to people familiar with the matter.

The Times of India

Gautam Adani wealth soars over $100 billion, becomes 6th richest in world

NEW DELHI: Adani Group chairman Gautam Adani on Tuesday became the 6th richest person in the world with a total wealth of $118 billion, according to the Bloomberg Billionaire's Index.

The Times of India

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India's Tata Group Goes Head On With Amazon, To Roll Out New Super App For All Shopping Needs

The Indian conglomerate Tata Group will roll out an all-in-one e-commerce app allowing users to buy everything from apparel to airline tickets, Bloomberg reported. Mumbai-based Tata Digital Pvt’s digital services platform, Tata Neu, will go live to consumers on April 7. The report noted Tata Neu is expected to give more power to…

Benzinga

Amazon Dubs Take Over Of 800 Future Retail Stores By Reliance A 'Sham Transaction'

The ongoing tussle between the American e-commerce giant Amazon.com Inc. (NASDAQ: AMZN) and Indian retailer Future Retail (FRL) continued in the Delhi High Court on Tuesday (Indian Standard Time).

Benzinga

Combined wealth of Indian billionaires grew 26% in FY22: Report

NEW DELHI: The total number of billionaires in India rose to a record 166 in fiscal year 2021-22, about 18.5 per cent higher than previous year, a report by Forbes showed on Tuesday.

The Times of India

Antilia bomb scare case: Ex-cop Vinayak Shinde took part in conspiracy, misused parole, says court

MUMBAI: A special NIA court here has held that former policeman Vinayak Shinde, prima facie, participated in the conspiracy to plant explosives near industrialist Mukesh Ambani's south Mumbai residence and "knowingly" misused parole granted to him in a fake encounter case.

The Times of India

Gautam Adani adds $49 billion wealth in 2021, higher than Jeff Bezos, Elon Musk

NEW DELHI: Gautam Adani, India's and Asia's second-richest person, added $49 billion to his wealth last year - more than the net addition of wealth by the top three global billionaires Elon Musk, Jeff Bezos and Bernard Arnault, the 2022 M3M Hurun Global Rich List said on Wednesday.

The Times of India

Mukesh Ambani's grandson Prithvi Ambani starts school today; here's a glimpse of his first day at the nursery

In March, 2019, Mukesh and Nita Ambani's eldest son Akash Ambani tied the knot with Shloka Mehta, daughter of businessman Russell Arunbhai Mehta.

The Times of India

Amazon calls Future store transfer to Reliance 'fraud'

NEW DELHI: Days after billionaire Mukesh Ambani-led group took some of the stores of Future Group, whose lease had expired due to the non-payment of rent, Amazon on Tuesday accused the two of 'fraud' and said such 'contumacious' transfer will be liable to legal action.

The Times of India

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The Times of India

How Mukesh Ambani outfoxed Amazon in a $3.4 billion deal dispute

NEW DELHI: Amazon has been added to the list of companies that have been outmaneuvered by Mukesh Ambani’s juggernaut. Not only has he jolted the US giant in the fight to dominate India’s retail sector, he now holds all the cards in a $3.4 billion dogfight to buy a local…

The Times of India

Reliance Brands acquires majority stake in Abraham & Thakore

Reliance Retail Ventures Ltd, the retail arm of the Mukesh Ambani-led conglomerate RIL, announced an investment in 30-year-old designer brand Abraham Thakore (AT) for a majority stake.

The Times of India

Reliance Retail invests in Abraham & Thakore for majority stake

NEW DELHI: Billionaire Mukesh Ambani's Reliance group on Tuesday said its retail arm has invested in luxury fashion house Abraham Thakore for an undisclosed majority stake, strengthening the line of lifestyle brands under its umbrella.

The Times of India

Jio inks sat JV to take on Musk, Tata, Mittal companies

NEW DELHI: Broadband through satellite is emerging as a major business area for telecom companies from India and abroad with a high-pitched battle on the cards between Mukesh Ambani’s Reliance Jio Platforms, Sunil Mittal-backed Bharti OneWeb, Tata’s Nelco and Elon Musk’s StarLink.

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The Times of India

Reliance Jio plans satellite broadband rivaling SpaceX, OneWeb

NEW DELHI: The conglomerate helmed by Mukesh Ambani, Asia’s richest man, is moving to provide satellite broadband connectivity, muscling into a segment where billionaires Sunil Mittal’s OneWeb and Elon Musk’s SpaceX have ambitious plans.

The Times of India

Mukesh Ambani regains richest Asian tag, surpasses Gautam Adani

NEW DELHI: Reliance Industries chairman Mukesh Ambani on Wednesday regained the richest Asian tag, a day after billionaire Gautam Adani had surpassed him for the top spot.

Benzinga

Adding $12B To Wealth In 2022, Indian Green Energy Tycoon Becomes Asia's Richest Person

While Tesla Inc. (NASADQ:TSLA) CEO Elon Musk remains the world’s richest person, Indian billionaire Gautam Adani has dethroned compatriot Mukesh Ambani to become the richest person in Asia.

The Times of India

Billionaire Gautam Adani overtakes Mukesh Ambani as Asia’s richest person

NEW DELHI: Gautam Adani, the billionaire who turned a small commodities trading business into a conglomerate spanning ports, mines and green energy, is now Asia’s richest person.

The Times of India

Ex-Mumbai Police commissioner Param Bir Singh shivering when quizzed, says former Maharashtra minister Anil Deshmukh

MUMBAI: Former home minister Anil Deshmukh on Wednesday told the Justice K U Chandiwal commission that the then Mumbai police commissioner Param Bir Singh when summoned to the council hall was in the dark and was shivering when asked about the planting of explosives in an SUV parked near industrialist…

The Times of India

Reliance Retail buys 54% stake in Addverb Tech for $132 million

NEW DELHI: Mukesh Ambani led Reliance Retail has acquired a 54 per cent stake in domestic robotics company Addverb for $132 million (about Rs 983 crore), a senior official of the robotic firm said Tuesday.

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