‘I am a man of simple tastes who drives one car’: Anil Ambani tells UK court in Chinese banks case

The industrialist said his bank balance dropped overnight from Rs 40.2 lakh on December 31, 2019 to Rs 20.8 lakh on January 1, 2020.

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· Sep 26, 2020 · 09:26 am

Reliance Industries sells 1.28% stake of its retail arm for Rs 5,550 crore to US-based firm KKR

This investment gives Reliance Retail an equity value of Rs 4.21 lakh crore.

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· Sep 23, 2020 · 11:21 am

Shapoorji Pallonji Group announces it will exit Tata Group, says ‘mutual co-existence infeasible’

The company said a separation was necessary due to the impact that ‘continuing litigation could have on livelihoods and the economy’.

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· Sep 23, 2020 · 11:11 am

How Indian-origin businessmen fared on Forbes’ ‘400 wealthiest Americans’ 2020 list

Indian-Americans are among the wealthiest ethnic groups in the US, though the richest individuals are not all household names.

Priyali Prakash

· Sep 20, 2020 · 06:30 pm

Delhi High Court stays insolvency proceedings against Anil Ambani in SBI loan case

Ambani had given SBI a personal guarantee of Rs 1,200 crore against its loans to Reliance Communications and Reliance Infratel in 2016.

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· Aug 27, 2020 · 06:01 pm

Donald Trump gives Microsoft over a month to reach deal to acquire TikTok

Trump changed his mind about banning the Chinese app after his advisers expressed concerns that the decision would turn away young voters.

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· Aug 03, 2020 · 02:09 pm

CCD owner took nearly Rs 2,700 crore out of the company before his death by suicide, says firm

VG Siddhartha pledged personal assets, including those of his family members, for paying business loans, Coffee Day Enterprises said.

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· Jul 28, 2020 · 11:01 am

Intel buys 0.39% stake in Jio Platforms for Rs 1,894 crore

The electronic chip manufacturer is the 12th company to invest in Jio Platforms over the last two months.

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· Jul 03, 2020 · 02:27 pm

Carlyle to acquire 25% stake in Airtel’s data centre business for Rs 1,774 crore

Nxtra Data will use the proceeds from the deal to boost its infrastructure and increase its offerings across the country.

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· Jul 01, 2020 · 11:31 am

Reliance Industries becomes India’s first company to hit Rs 11.44 lakh crore in market value

Meanwhile, chairperson Mukesh Ambani vaulted into the list of the world’s top 10 richest people.

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· Jun 22, 2020 · 12:56 pm

RIL becomes ‘net-debt free’, Mukesh Ambani says he fulfilled promise to shareholders before schedule

The statement noted that RIL raised Rs 1.15 lakh crore from worldwide tech investors, and another Rs 53,124 crore was raised through a ‘rights issue’.

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· Jun 19, 2020 · 11:15 am

Two US companies buy stake in Jio Platforms for a total of Rs 6,440 crore

Reliance said with the latest deals, it has raised over Rs 1 lakh crore from leading global investors, including social media giant Facebook.

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· Jun 14, 2020 · 07:55 am