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A customer holds a SIM card packet while waiting to connect his mobile phone to the carrier Reliance Jio | Dhiraj Singh/Bloomberg

Rs 4,000 smartphone running on Reliance Jio — How Ambani plans to dominate telecom market

Reliance is apparently in talks with domestic assemblers to make a version of its Jio phone that will run on Google’s Android and be offered with low cost wireless plans from Jio.
An electronic ticker board indicates British pound to Indian rupee currency exchange rate outside the Bombay Stock Exchange building in Mumbai| Dhiraj Singh/Bloomberg

Too much reliance on Reliance – the not-so-healthy secret of India’s stock market rally

Reliance Industries has seen its market value nearly double to more than $200 billion this year after a major push into digital and e-commerce ventures.
Mukesh Ambani, chairman and managing director of the Reliance Industries Ltd. at the company's annual general meeting in Mumbai

Demand for Reliance Retail stake is so high Mukesh Ambani is putting investors on wait-list

Carlyle & SoftBank have expressed interest in investing in Reliance Retail but have been asked to wait as Reliance is already in talks with other investors.
File photo | RIL chairman Mukesh Ambani | Sanjit Das/Bloomberg

Big Tech’s India plans can’t seem to bypass Mukesh Ambani

Silicon Valley’s ambitions in India represent a threat to Ambani’s ability to achieve dominance in his home market, but winning their cooperation, could help him achieve it faster.
Anil Ambani | Qilai Shen/Bloomberg

Anil Ambani’s two finance firms to undergo asset sale, bank consortium set to proceed

Value erosion of Anil Ambani's two finance companies due to debt default has made asset sale only viable alternative, say bankers. RBI disagreeable to resolution under IBC.
Outside a Reliance Communications Ltd. Mobile Store in Mumbai | Dhiraj Singh/Bloomberg

Reliance Retail buys majority stake in Netmeds for Rs 620 crore

The investment represents 60 per cent holding in the equity share capital of Netmeds' parent company, Vitalic Health and 100 percent direct equity ownership of its subsidiaries.
A storage tank containing liquid gas stands at the Natural Gas Liquids (NGL) facility in Saudi Aramco's Shaybah oilfield in the Rub' Al-Khali desert. | Photographer: Simon Dawson | Bloomberg

Saudi Aramco remains interested in investing $15 billion in Reliance Industries

A deal with Reliance would help Saudi Aramco, the world’s biggest crude exporter, join the ranks of the top oil refiners and chemical makers.
Mukesh Ambani at ThePrint Off the Cuff

Mukesh Ambani is now world’s fourth richest man, overtakes Europe’s wealthiest

Reliance's shares have more than doubled from a low in March as its digital unit got billions in investments from companies including Facebook Inc. and Google.
File image of Reliance Industries chairman Mukesh Ambani | Photo: ANI

Mukesh Ambani’s online cult is growing. Everyone loves a desi, patriotic, sanskari billionaire

Mukesh Ambani is not just inking deals with FB and Google in 2020, he is also seeing a massive fan base grow on Instagram. From Antilia to khandaani pujas, fans can’t get enough.
Mukesh Ambani

Mukesh Ambani is getting richer & richer. He’s now in world’s top 5 with $77 billion

Mukesh Ambani cracked the group of 10 richest people just last month. Two weeks ago, he surpassed Warren Buffett, now ranked No. 7.

On Camera

An employee sits on a video call at the Unicredit SpA headquarters in Milan

Why shrinking offices and hot-desking are bad ideas, Covid or no Covid

Employees’ demands for flexible working will include spacious offices. Given the relative savings, slashing floor space is a false economy.
Oil Facilities And Services Ahead Of Final Year Figures After Demonetization Induced Fluctuation

Diesel demand drop forces India to import gasoline as Covid skews output

The slump in diesel demand is forcing refineries to operate below capacity, but gasoline sales are back at pre-virus levels with people resorting to personal vehicles.

Defence

File image of the OFB pavilion at DefExpo 2016 | Representational image | Twitter | @SpokespersonMoD

Army says ‘poor quality’ Ordnance Board ammo, mines have cost India Rs 960 crore since 2014

Pointing out these shortcomings in an internal assessment, the Army has thrown its weight behind government plans to corporatise the OFB to make it more efficient.
Narendra Modi and Amit Shah | File photo: T. Narayan | Bloomberg

Partners dispensable in Modi-Shah construct if they do not bring additional votes

In the Modi-Shah construct, if partners do not bring additional votes, they are dispensable. However old or loyal, either they become supplicants, or die.