Mukesh Ambani News

28.07 / 05:05

UPS Reuters Amazon Disney country Disney Hotstar India to crack down on account sharing: Report

Reuters, this development comes at a time when streaming competitor Netflix has already begun notifying subscribers in over 100 countries that additional charges will apply for sharing the service with individuals outside their households. In India, the premium account of Disney Hotstar's streaming service currently permits logins on up to 10 devices, despite the website displaying a limit of four devices.

27.07 / 16:41

Enterprise NDTV posts ₹8.08 cr loss in June quarter

₹8.08 crore in the first quarter ended June 30, 2023, impacted by lower revenue. The company had reported a consolidated profit after tax at ₹25.81 crore in the first quarter of the last fiscal, NDTV said in a regulatory filing. Its consolidated revenue from operations stood at ₹69.99 crore as against ₹107.74 crore in the year-ago period.

27.07 / 09:51

business Investments partnership Bitcoin Regulation Bitcoin Crypto-friendly BlackRock starts ‘digital-first’ investment offering in India

Global investment giant BlackRock is expanding its reach in India with a partnership targeting the launch of the “digital-first offering” in India.

27.07 / 04:47

UPS Digital CEO LinkedIn BlackRock country Indian Returns Financial BlackRock returns to India, joining forces with Indian tycoon Mukesh Ambani's financial arm

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26.07 / 15:43

Target BlackRock jio financial jio financial services services Financial India's Jio Financial Services, Blackrock to launch asset management venture

MUMBAI (Reuters) — India's Jio Financial Services, part of billionaire Mukesh Ambani led Reliance Industries, and Blackrock (NYSE:BLK) Inc will form a joint venture to launch asset management services in India.

26.07 / 05:05

UPS Target JPMorgan Enterprise UBS Qatar sovereign fund may invest $1 billion in Reliance Retail; RIL shares jump 2%

Reliance Industries (RIL) on Wednesday jumped 2% amid a report that billionaire Mukesh Ambani may rope in Qatar Investment Authority (QIA) to pick up a minority stake in Reliance Retail. Qatar’s sovereign wealth fund is in talks to buy stake in Reliance Retail and is said to be considering a $1 billionn investment giving it a stake of about 1% and valuing the business at around $100 billion, the Financial Times reported today. Following the news, RIL shares rallied 2% to hit day's high at Rs 2,533.45 on BSE.

26.07 / 04:43

UPS Digital Platform Align performer stake Qatar sovereign fund looking to pick stake in Ambani's Reliance Retail: Report

Qatar Investment Authority (QIA) is looking to get a minority stake in Indian billionaire Mukesh Ambani's Reliance Retail Ventures, the Financial Times reported on Wednesday, citing sources. The QIA may consider picking a minority stake in RRVL, the FT report said, with a $1 billion investment giving it a stake of about 1 per cent and valuing the business at around $100 billion.

21.07 / 04:35

UPS Lowe's Discover show performer share price Stock market today: Reliance share price falls over 1% ahead of Q1 results today

Reliance Industries Ltd (RIL) share price declined over a percent on Friday ahead of the announcement of June quarter results later today. The stock price fell as much as 1.59% to a low of ₹2,578.10 apiece on the BSE.

20.07 / 12:31

COST NIFTY country jio financial jio financial services services valuation Financial Jio Financial Services boasts implied market cap of ₹1.6 lakh crore; Is this high valuation justified?

Reliance Industries Ltd (RIL), has unsettled shadow lenders space in the country by claiming the second spot. Post demerging with RIL on Thursday, Jio Financial Services (JFSL) boasts off an implied market capitalisation of ₹1.6 lakh crore, that's way behind Bajaj Finance m-cap of ₹4.59 lakh crore, but significantly higher to its contemporaries in the space. Shares of Jio Financial will remain at ₹261.85 until it lists on the bourses. However, upon listing, Jio Financial Services will surpass Cholamandalam Investment and Finance which has an m-cap of over ₹95,000 crore, being the second largest NBFC presently.

20.07 / 10:51

UPS Amazon Platform Entertainment film show Amazon brings BBC shows to India as battle with Mukesh Ambani heats up

Amazon.com Inc. will start streaming BBC shows in India, opening up a new front in an intensifying entertainment war with the likes of Asia’s richest man, Mukesh Ambani, in one of the world’s largest media markets.

20.07 / 09:21

UPS Lowe's Digital Platform Dreams Enterprise With $20 billion weapon, Mukesh Ambani just disrupted NBFC hierarchy

Mukesh Ambani, the king of disruption, is at it once again. Just when Bajaj Finance became India's most valued NBFC following a $40 billion reverse merger of HDFC with HDFC Bank, Reliance Industries (RIL) has already fired a $20 billion salvo to change the pecking order in the world of shadow lenders. Following a demerger from incubator RIL, Jio Financial Services (JFSL) has already occupied the No.2 slot in the list of India's largest NBFCs by market capitalisation at Rs 1.66 lakh crore or about $20.3 billion.

20.07 / 08:11

NIFTY Discover SENSEX MSCI exclusive jio financial Financial RIL-Jio Financial demerger FAQ: Here is what shareholders need to know

Reliance Industries - Jio Financial Services Demerger: Reliance Industries Ltd. (RIL) share price gained over a percent after the demerger of its NBFC unit Jio Financial Services Ltd (JFSL), which was valued at ₹261.85 per share, much higher than analysts estimates. The stock exchanges conducted a special pre-opening session for the discovery of RIL share price and that of its financial arm JFSL.

18.07 / 08:13

UPS Target Digital AXY CEO JPMorgan jio financial Financial Jio Financial Demerger: Should you buy Reliance shares for windfall gains before record date?

Reliance Industries (RIL) who will be rewarded with 1 share of JFSL for every share of RIL owned. To be eligible for the value unlocking by billionaire Mukesh Ambani, you must be a RIL shareholder before the record date of 20 July, which means that the last day to buy the stock is July 19, tomorrow. «We recommend investors to buy RIL before the record date i.e.

17.07 / 02:29

COST IPO Manufacturing CEO Tesla Southern Future From Ola motorbike and car launch to IPO, CEO Bhavish Aggarwal shares future plan of the firm

Uber Technologies Inc., is a “profitable business for us now," Aggarwal said in last week’s interview in Delhi. He didn’t comment on any renewed attempts to list, nor did he mention a date for a possible Ola Electric IPO.

13.07 / 07:27

Man SUN Google Enterprise India's richest man: Mukesh Ambani on top; check other tycoons on the list

Reliance Industries, has maintained his position as India's wealthiest individual, boasting a net worth of an impressive approximately ₹7.5 lakh crore ($90.6 billion) as of July 4, 2023. Ambani's ascent began eight years ago when Reliance Retail emerged as India's leading revenue-generating retailer, catapulting his net worth to $21.1 billion in 2014.

12.07 / 08:33

foreign network Reliance Jio Reliance Jio in talks with foreign banks for over $1 bn loan to purchase 5G network | Mint Primer

Indian Billionaire Mukesh Ambani's Telecommunicati...

11.07 / 04:45

IPO Target AXY NIFTY TCS Reliance Industries HDFC Bank dethrones Reliance Industries as new Baahubali of Nifty

HDFC twins making HDFC Bank stock much more muscular, India's largest private sector lender will now command more weightage in Nifty than billionaire Mukesh Ambani's Reliance Industries (RIL). With effect from July 13, when HDFC shares stop trading on stock exchanges following a reverse merger with its banking unit, the weightage of HDFC Bank will increase to 14.43%.

08.07 / 03:21

Man Reliance Retail set to cancel all public shares

Reliance Retail Friday said its board approved a proposal to cancel the equity shares held by public shareholders. The company will pay ₹1,362 per share for the cancelled unlisted stock, valuing Asia's richest man Mukesh Ambani's retail business at $149 billion (₹12.31 lakh crore). At that price point per share, this is as much as 70% of parent Reliance Industries' (RIL's) $218-billion (₹18.01-lakh crore) market capitalisation.

07.07 / 09:43

UPS Target JPMorgan Strategy Align jio financial Financial Jio Financial Demerger: Mukesh Ambani ready to unlock value for 36 lakh RIL shareholders well before Diwali

Reliance Industries (RIL), billionaire Mukesh Ambani is planning to list Jio Financial Services (JFSL) by September this year. The move, which will unlock value for its 36 lakh-strong shareholder base, will lead to the creation of the fifth-largest financier in terms of capital and compete directly with the likes of Paytm and Bajaj Finance. Global brokerage firm JPMorgan has estimated Jio Financial's share price at Rs 189, Jefferies at Rs 179, while Centrum Broking has a range of Rs 157-190.

06.07 / 07:17

Lowe's Digital Manufacturing Mobile Enterprise Accenture Accenture in talks with telcos, enterprises for 5G-driven digital enablement

«There are discussions happening with other telcos in different forms,» Saurabh Kumar Sahu, Managing Director, and Lead — Communications, Media and Technology, Accenture in India told ETTelecom, adding that 5G has to be treated like a «very sharp digital enabler» and not like a digital capex solution for operational efficiency. The top executive further said that the multinational is working with more than one telco in the area of next generation technology.

03.07 / 13:31

Twitter Remark RPG Mantra Guru Purnima 2023: Anand Mahindra bids final farewell to Aunt Sudha on auspicious day, Nita Ambani chants special mantra at NMACC event

Guru Purnima is a religious festival dedicated to teachers. This year, the India Inc bosses found a special way to celebrate Guru Purnima.Nita Ambani, founder and Chairperson of Reliance Foundation (the philanthropic arm of Reliance Industries Limited), hosted a special show 'Parampara — A Guru Purnima Special' at The Grand Theatre at the Nita Mukesh Ambani Cultural Centre in Mumbai's Bandra Kurla Complex in Jio World Convention Centre. To mark the second day of 'Parampara', the businesswoman recited the guru mantra on stage for the audience.

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