Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, on Thursday announced it will invest 62.48 billion rupees (Dhs3.1 billion) into Reliance Retail Ventures Limited (RRVL),
Indian oil-to-telecoms conglomerate Reliance Industries Ltd said on Saturday Singapore sovereign wealth fund GIC and global private equity firm TPG Capital invested a combined 73.50 billion rupees (about $1 billion) in its retail unit.
The persistent concerns of severe impact of the coronavirus epidemic coupled with the recent carnage in the oil markets have erased $5.8 billion from the RIL chief's net worth.
Major players including Facebook, Intel and others have already ploughed some $15 billion into Jio Platforms this year, as Ambani — India's richest man — seeks to take on US giants Amazon and Walmart in India's growing online retail sector.
Backed by multi-billion-dollar investments from global tech giants, India’s richest man is ready to rumble with Amazon and Walmart for the country’s huge e-commerce market through his conglomerate Reliance.
Anant Ambani, the youngest son of the billionaire industrialist purchased the luxury property at Palm Jumeirah earlier this year when Belleview Real Estate, the property agency, announced the sale of the luxury estate.
India’s telecom leader Reliance said on Monday it is working with Alphabet Inc’s Google to launch a budget 5G smartphone as it laid out a $25 billion plan for introducing the next-generation
Reliance Industries Ltd (RIL) chief Mukesh Ambani is the ninth richest person in the world along with Steve Ballmer of Microsoft and Larry Page of Google, each having a net worth of $67 billion, according to the Hurun Global Rich List 2020.
In August, Indian billionaire Mukesh Ambani's company, Reliance Industries, bought an $80 million (Dh294 million) beachfront villa in Dubai, the city's largest residential real estate deal ever.