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Asia’s wealthiest prepare for battle as Gautam Adani enters Mukesh Ambani turf

Ut World August 1, 2022 0

When discussing where to focus the dealmaking lens of his company next in June, billionaire Mukesh Ambani and his advisors encountered an unanticipated problem. According to people familiar with the situation, Ambani’s Reliance Industries Ltd. was considering purchasing a foreign Continue Reading

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Bill Gates is surpassed by Gautam Adani to become the fourth-richest person in the world

Ut World July 21, 2022 0

According to Forbes’ Real-Time Billionaires List, Indian entrepreneur Gautam Adani has passed Microsoft co-founder Bill Gates to become the fourth richest person in the world. On Thursday, the 60-year-old business tycoon outperformed Mr. Gates, whose fortunes stand at $104.6 billion, with a net worth of $115.5 billion. Fellow countryman Mukesh Ambani comes in at Continue Reading

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After son Akash takes over Jio, Mukesh Ambani’s daughter Isha to have a big role

Ut World June 29, 2022 0

In yet another indication that her father, Indian billionaire Mukesh Ambani, is moving through with a plan for succession in one of Asia’s wealthiest families, Isha Ambani is scheduled to be made chairman of the Reliance conglomerate’s retail division. According to informed sources who declined to be named before a formal announcement, Isha Ambani’s Continue Reading

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Mukesh Ambani Resigns, Akash Ambani Is New Jio Chairman

Ut World June 28, 2022 0

Akash Ambani, the 65-year-old billionaire’s eldest son, will take over as chairman of the board of Jio Infocomm, Reliance Industries’ digital division, as part of Mukesh Ambani’s succession planning. With effect from June 27, Mukesh Ambani has resigned from his position as corporate director. In a regulatory statement, Reliance Jio Infocomm stated that Continue Reading

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Ambanis Host An Event For Radhika Merchant, Son’s Fiancee

Ut World June 6, 2022 0

At the Jio World Centre in Mumbai, Mukesh Ambani, chairman of Reliance Industries, and his wife Nita Ambani hosted the arangetram ceremony of their to-be daughter-in-law Radhika Merchant. Ms Merchant is the daughter of Viren Merchant, an industrialist. In the year 2019, she married Anant Ambani. An arangetram is a dancer’s first on-stage performance after […]Continue Reading

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India’s Reliance rakes in $100bn annual revenue

Ut World May 10, 2022 0

After reporting strong quarterly results across its energy, telecoms, and retail businesses, Reliance Industries became the first Indian company to cross $100 billion in annual revenues. Between January and March, the conglomerate, which is owned by Asia’s richest man Mukesh Ambani, reported a net profit of 162.03 billion rupees ($2.1 billion), up 22.5 percent from Continue Reading

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Reliance Industries Chief Mukesh Ambani Draws Nil Salary

Ut World June 4, 2021 0

Mukesh Ambani, Reliance Industries Chairman, drew no salary from his flagship firm RIL in the fiscal year ended March 31. It is stated that, in the light of the Covid-19 pandemic hitting harder the business and the economy, he had voluntarily given up remuneration. He has not got a salary hike for the last 12 […]Continue Reading

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Is Jio a Trap?

Ut World October 7, 2016 0

This report is for those people who have mistakenly fallen prey to the huge offers announced by one of the biggest telecom companies. As we all know, to avail the trendy network-connection, Jio, offered by Reliance, we have to give our private details like fingerprint and Aadhar number. But, do you know? By doing so, […]Continue Reading