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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.
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.
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.
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.
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.
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 deal with Reliance would help Saudi Aramco, the world’s biggest crude exporter, join the ranks of the top oil refiners and chemical makers.
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.
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 cracked the group of 10 richest people just last month. Two weeks ago, he surpassed Warren Buffett, now ranked No. 7.