Posts filtered by tags: Mukesh Ambani[x]


Why Facebook is thinking about investing in India’s biggest network

India is home to Facebook‘s largest user base on the planet, with hundreds of millions of people using its digital services. It now wants to get a stronger foothold in the country as more folks come online. Earlier this week, the Financial Times reported that the social media giant is aiming to buy a stake in India‘s biggest mobile carrier, Reliance Jio. Jio, started over three years ago by multi-billionaire Mukesh Ambani, took on complacent incumbents like Airtel and Vodafone, and led the charg...
Tags: Startups, Facebook, India, Vodafone, Financial Times, Airtel, Mukesh Ambani, Reliance Jio Jio

When Narendra Modi took notes: How the owners of India’s language newspapers “advised” the PM six hours before he announced a 21-day shutdown. (Or so it seems.)

Narendra Modi‘s relationship with the news media since becoming prime minister in 2014 has been built on conspicuous contempt and confrontation, but behind the scenes, chummy co-option and cultivation has been a constant endeavour. Modi likes the world to believe he is not bothered with what the “news traders” of the mainstream media say, when he can directly “speak” to the people through social and public media: so no media adviser; no journalists on board his aircraft; no press conferences; no...
Tags: Travel, Media, India, BJP, Narendra Modi, Caa, Modi, Reliance Industries, Times of India, Kannada, Mathews, Rao, Ravi, Mukesh Ambani, Hindutva, Malayala Manorama

Facebook is reportedly considering investing billions of dollars in an Indian telecom giant to boost its international growth (FB)

  Facebook is looking to make a multibillion-dollar investment in Indian telco Reliance Jio. That's according to a report from The Financial Times on Tuesday, which added that plans been disrupted by COVID-19. Reliance Jio has helped millions of Indians come online for the first time with its low-cost plans. Analysts have estimated that it's worth as much as $60 billion — meaning Facebook could be looking to invest $6 billion. Facebook is mulling a multibillion-dollar investment in a major In...
Tags: Facebook, India, US, Trends, Silicon Valley, Financial Times, Reliance Jio, The World Health Organization, Jio, The Financial Times, Mukesh Ambani, Shona Ghosh, COVID, Mukesh Ambani India

Alibaba billionaire Jack Ma just pledged to donate 500,000 coronavirus tests and 1 million face masks to the US as shortages mount

On Friday, Jack Ma, the billionaire founder of Chinese e-commerce giant Alibaba, pledged to donate 500,000 testing kits for the novel coronavirus and one million medical face masks to the United States. The gift could help alleviate a shortage of testing materials that has contributed to the US falling behind every other developed nation on the number of tests performed per capita. Ma previously pledged over $16 million to support the development of a vaccine for the virus. The novel coronavir...
Tags: Asia, Florida, Australia, California, Washington, China, India, US, Trends, United States, South Dakota, Alibaba, Jack Ma, Wuhan, Ma, Mike Bloomberg

IPL 2020 is upon us!

The world's premier T20 competition, the IPL, will be starting its 13th season in a month's time.When the 6-week extravaganza gets underway, all cricket around the world will come to a standstill and all eyes will be on the world's best players competing for the ultimate T20 crown.Like last year, 8 teams will take part in IPL 2020, which starts on 27 March 2020 and goes on till the middle of May.Six teams have won the previous 12 editions of the IPL with Mukesh Ambani's Mumbai Indians winning it...
Tags: Sex, Ipl, Hyderabad, Chris Gayle, Kolkata, Gayle, Mumbai Indians, Shahrukh Khan, Suresh Raina, Brendan McCullum, Chennai Super Kings, Mukesh Ambani, Rajasthan Royals Deccan Chargers, Virat Kohli Kohli, IPL Gayle, IPL Kohli

India’s biggest telecom boss tries to woo Trump with its lack of Chinese hardware

Earlier this week, US President Donald Trump visited India for two days. During the visit, he held a meeting with the country’s top businessmen in the country’s capital. At this roundtable, India‘s richest man and owner of the country’s biggest telecom company, — Reliance Jio — Mukesh Ambani, boasted about not using any Chinese components in his mobile network: We’re the only network in the world that doesn’t have a single Chinese component. It doesn’t have it. In response, Trump said, “Well, th...
Tags: Startups, India, US, Donald Trump, Trump, Reliance Jio, Mukesh Ambani

Jio doesn’t have ‘a single’ Chinese component on its network, Ambani tells Trump

Mukesh Ambani, in his interaction with US President Donald Trump, said that Reliance Jio “was going to do 5G” and proclaimed that it is the only network in the world that doesn’t have a single Chinese component, according to transcripts released by the White House. He also said that the US played a role in […] ...
Tags: Travel, News, White House, US, Donald Trump, Huawei, ZTE, 5g, Trump, Reliance Jio, Jio, Mukesh Ambani, Ambani

In Mumbai, Microsoft boss Nadella trumpets cloud tie-up with Reliance

Microsoft Corp Chief Executive Officer Satya Nadella touted the new India cloud partnership with Reliance Industries as he shared centre-stage with its chairman Mukesh Ambani at an event in India's financial capital on Monday.
Tags: Money, Microsoft, India, Satya Nadella, businessNews, Mumbai, Reliance, Microsoft Corp, Reliance Industries, Nadella, Mukesh Ambani

Reliance's Mukesh Ambani and #Saudi Aramco Accelerate Stake Talks - Bloomberg

Reliance's Mukesh Ambani and Saudi Aramco Accelerate Stake Talks - Bloomberg:Reliance Industries Ltd.’s talks to sell a minority stake in its oil-to-chemical division to Saudi Aramco have been gathering pace in recent weeks, according to people familiar with the matter.Aramco officials and bankers on the deal have been working at Reliance’s offices in Mumbai for due diligence this month, according to the people, who asked not to be identified as the information isn’t public. Both parties are try...
Tags: Travel, India, Mumbai, Reliance, Aramco, Saudi Aramco, Bloomberg News, Reliance Industries Ltd, Mukesh Ambani, Rupert Neil Bumfrey, Walmart Inc, Saudi Aramco Accelerate Stake Talks Bloomberg, Flipkart Online Services Pvt For Aramco, Saudi Basic Chemicals

Vodafone Idea shares tumble 23% after India orders it to pay billions in dues

Shares of Vodafone Idea fell by more than 23% on Friday after India’s apex court ordered the country’s second-largest telecom operator and Airtel, the third-largest telecom network, to arrange and pay billions of dollars in dues in a month. In a strongly worded judgement, the Supreme Court rejected telecom networks’ application to defer paying historic $13 billion levies to the government. “This is pure contempt, 100% contempt,” Justice Arun Mishra told lawyers. The order today, which may res...
Tags: Asia, Supreme Court, Government, India, Tech, Vodafone, Airtel, Reliance Jio, U K, Bharti Airtel, Mukesh Ambani, Ambani, Vodafone Idea, Kumar Mangalam Birla, Sidharth Luthra, Arun Mishra

Adding India to your business

Kumar Shah Contributor Share on Twitter Kumar Shah is the founder of Transit Capital, a cross-border VC firm that partners with growth-stage entrepreneurs building global champions. At the start of recruiting season in business school, a top-tier consulting firm sent an invite to the entire class: “over your career, you will either be sitting with us or across from us. We would like to get to know you.” If you’re building a...
Tags: Apple, Amazon, Android, Column, Asia, Twitter, Spotify, Europe, Tinder, Indonesia, China, Southeast Asia, India, Linkedin, Tech, Snapchat

Reliance Group to miss planned date to close #Saudi Aramco deal - Arabianbusiness

Reliance Group to miss planned date to close Saudi Aramco deal - Arabianbusiness:Indian business conglomerate Reliance Industries Ltd’s (RIL) proposed deal to sell a 20 percent stake in its oil to chemicals business to Saudi Aramco for an estimated $15 billion will miss the planned March 31 timeline, a senior company executive has said.The deal was announced by RIL chairman and managing director Mukesh Ambani at the company annual general meeting in August last year and was intended to reduce it...
Tags: Travel, Saudi Aramco, Reliance Industries Ltd, Mukesh Ambani, Rupert Neil Bumfrey, Reliance Group, V Srikanth

Amazon partners with thousands of mom-and-pop stores in India

Neighborhood stores dot tens of thousands of cities, towns and villages in India. They have survived — and thrived, despite — retail giants’ billions of investment in the country. So now, Amazon is beginning to embrace them. Amazon said on Saturday it has partnered with thousands of neighborhood stores — locally known as kirana stores — across India to use them as delivery points for goods. The company said it’s a win-win scenario for all stakeholders. “It’s good for customers, and it helps t...
Tags: Amazon, Ecommerce, Apps, Asia, India, Narendra Modi, Tech, Walmart, Jeff Bezos, Mumbai, New Delhi, Flipkart, Bangalore, Amazon India, Gujarat, Reliance

Mukesh Ambani: Asia's richest man in $13bn ruling boost

India's Supreme Court rejects telecom operator's plea for relief on government levies.
Tags: Asia, Business, India s Supreme Court, Mukesh Ambani

Is 2020 The Year That Reliance Becomes India’s Digital Champion?

In 2016 when India’s richest man, the oil to retail billionaire, Mukesh Ambani launched his nationwide mobile broadband service Jio Infocomm, he amped up the digital economy in the world’s second most populous nation. Now he and Reliance Industries Ltd. are intent on riding that digital wave to incumbent-challenging new heights. The $22 billion launch […]
Tags: Asia, News, India, Global, Reliance Industries Ltd, Reliance Industries, Mukesh Ambani, Jio Infocomm

Mukesh Ambani: Asia's richest man takes on retail giant Amazon

Mukesh Ambani's Reliance Industries has started rolling out its online retail service in India.
Tags: Amazon, Asia, News, Reliance Industries, Mukesh Ambani

Asia's richest man takes on retail giant Amazon

Mukesh Ambani's Reliance Industries has started rolling out its online retail service in India.
Tags: Amazon, Asia, Business, Reliance Industries, Mukesh Ambani

Asia’s Richest Man Unveils Online Shopping Platform to Challenge Amazon in India

(Bloomberg) — Reliance Industries Ltd. started testing its online shopping portal, moving a step closer to billionaire Mukesh Ambani’s goal of setting up a digital platform to take on e-commerce giant Inc. in India. JioMart, open to select customers who pre-register, promises more than 50,000 grocery products, free home delivery and a return policy that asks no questions. Labeled ‘the nation’s new store,’ it is currently available in only three neighborhoods surrounding Mumbai,...
Tags: Amazon, Asia, News, India, Uncategorized, Kpmg, Mumbai, Reliance Industries, Amazon com Inc, Mukesh Ambani, Ambani, Onetime, Reliance Jio Infocomm Ltd, Flipkart Online Services Pvt, Walmart Inc, Challenge Amazon

India’s richest man is ready to take on Amazon and Walmart’s Flipkart

As Amazon and Walmart-owned Flipkart spend billions to make a dent in India’s retail market and reel from recent regulatory hurdles, the two companies have stumbled upon a new challenge: Mukesh Ambani, Asia’s richest man. Reliance Retail and Reliance Jio, two subsidiaries of Ambani’s Reliance Industries, said they have soft launched JioMart, their e-commerce venture, in parts of the state of Maharashtra — Mumbai, Kalyan and Thane. The e-commerce venture, which is being marketed as “Desh Ki Na...
Tags: Amazon, Ecommerce, Asia, India, Narendra Modi, Tech, Walmart, Flipkart, Bangalore, Amazon India, Reliance, Reliance Jio, Modi, Gandhi, Reliance Industries, India India

Japan's Sony in talks to buy stake in India's Network18 Media - Bloomberg

Japan's Sony Corp is in talks to acquire a stake in Indian billionaire Mukesh Ambani's TV business, Network18 Media & Investments Ltd, Bloomberg reported on Thursday.
Tags: Japan, Money, India, businessNews, Sony, Sony Corp, Mukesh Ambani, Network18 Media Bloomberg, Network18 Media Investments Ltd Bloomberg

Tencent leads $111M investment in India’s video streaming service MX Player

MX Player, a popular video app that offers both local playback and streaming services, said on Wednesday that it has raised $110.8 million in a new financing round led by Chinese internet giant Tencent as the video app looks to expand its business in India and other international markets. Times Internet, which acquired a majority stake in MX Player in late 2017 for $140 million, also participated in the Series A financing round. The post-money valuation of MX Player was $500 million, a per...
Tags: Google, Google Play Store, Startups, Facebook, Apps, Asia, Singapore, India, Funding, Disney, US, Tech, Netflix, Alibaba, Korea, New Zealand

India to spend $6 billion to revive telecom operators BSNL and MTNL

India said on Wednesday it plans to spend nearly $6 billion to revive loss-making state-funded telecom operators Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL). In a press conference, telecom minister Ravi Shankar Prasad said today the Narendra Modi government has given its in-principle approval to the merger of BSNL and MTNL and infuse billions of dollars in capital, though he did not specify a time frame. BSNL offers telecom services across the nation while MTNL serve...
Tags: Mobile, Asia, Government, India, Narendra Modi, Tech, Vodafone, Mumbai, New Delhi, Airtel, Reliance Jio, Shankar, Ravi Shankar Prasad, Prasad, Mukesh Ambani, BSNL

Indian startups have raised a record $11.3B this year

With two months of 2019 still to go, Indian tech startups are already having their best year as a record amount of capital flows into the local ecosystem in a major rebound since the darkened funding environment of 2016. The unlisted tech startups in India have raised $11.3 billion this year, a substantial jump from last year’s $10.5 billion fundraise, research firm Tracxn told TechCrunch. This year’s fundraise, the largest sum for the local ecosystem in any year, further moves the nation’s burg...
Tags: Google, Asia, India, Funding, Tech, Zomato, New Delhi, Lightspeed Venture Partners, UPI, Paytm, Lightspeed, Reliance Jio, Tracxn, Jio, Mukesh Ambani, Khare

11 mind-blowing facts that show just how wealthy Bill Gates really is

Bill Gates is the second-richest person in the world after Amazon CEO Jeff Bezos. The Microsoft cofounder is worth an estimated $104 billion, according  to the  Bloomberg Billionaires Index . Gates is so rich that an average American spending $1 is comparable to Gates spending $1.06 million. Here are 11 mind-blowing facts that show just how wealthy Gates really is. Visit Business Insider's homepage for more stories. Bill Gates is the second-richest person in the world. The Microsoft cofoun...
Tags: Amazon, Asia, Microsoft, Washington, China, US, Trends, Bloomberg, Bill Gates, Paul Allen, Croatia, Warren Buffett, Tanzania, Jeff Bezos, Social Security Administration, Bollywood

India’s most popular services are becoming super apps

Truecaller, an app that helps users screen strangers and robocallers, will soon allow users in India, its largest market, to borrow up to a few hundred dollars in the nation. The crediting option will be the fourth feature the nine-year-old app adds to its service in the last two years. So far it has added to the service the ability to text, record phone calls and mobile payment features, some of which are only available to users in India. Of the 140 million daily active users of Truecaller, ...
Tags: Social, Food, Startups, Transportation, Mobile, Gaming, Cloud, Facebook, Uber, Apps, Asia, Hike, Media, Microsoft, Developer, Finance

Hamleys: India's richest man Mukesh Ambani buys iconic toy store

The 62-year-old who is said to be worth $50b has bought over the world's oldest toy retailer.
Tags: News, India, Hamleys, Mukesh Ambani

India’s edtech startup CollegeDekho raises $8 million to connect students with colleges

Indian edtech startup CollegeDekho, which helps students connect with prospective colleges and keep track of exams, has raised $8 million in Series B round. The new financing round for the four-year-old Gurgaon-based startup was led by its parent company Girnarsoft Education and London-based private equity investor Man Capital, which also participated in the startup’s Series A round last year. Ruchir Arora, founder and CEO of CollegeDekho told TechCrunch in an interview that the startup will use...
Tags: Startups, Asia, London, Education, India, Funding, Tech, Venture Capital, Bangalore, Naspers, Gurgaon, Noida, Arora, Mukesh Ambani, Byju, CollegeDekho

Asia's Richest Man Takes on Amazon and Walmart

Reliance, led by Mukesh Ambani, is looking to make a dent in India's e-commerce market at the expense of the American giants.
Tags: Amazon, Asia, Finance, India, Walmart, Article, FBN, Motley Fool, Mukesh Ambani, Fbn/markets, Fox-business/markets, A69d62f0-c6b0-5cbf-b29f-8424f1b4274c