Mukesh Ambani | The Asian Age

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Starting today (on Wednesday), Airtel Xstream Fibre is available to Homes, SOHO (Small Office Home Office) and small commercial establishments in Delhi, Gurgaon, Faridabad, Noida, Ghaziabad, Mumbai, Pune, Bangalore, Hyderabad, Chennai, Chandigarh, Kolkata, Indore, Jaipur and Ahmedabad, Bharti Airtel said in a statement. (Photo: File | PTI)

Bharti Airtel launches 1 Gbps broadband plan at Rs 3,999/month

The benefits include 3 months Netflix subscription gift, 1 year Amazon Prime membership and access ZEE5 and Airtel Xstream app.

11 Sep 2019 3:04 PM

The US retail giant launched its first site in the South Asian nation of 1.3 billion people in 2013 and is locked in a fierce battle with Walmart, which bought a 77-percent share in local e-commerce behemoth Flipkart for USD 16 billion last year. (Photo: Amazon | Twitter)

49 elevators, zumba and more: Amazon bets big on India with Hyderabad office

India is also a major source of employment for Amazon’s global operations with some 62,000 full-time staff and 155,000 contract employees.

11 Sep 2019 12:20 PM

JioFiber will offer broadband internet speeds of up to 1 Gbps for Rs 8,499 per month, the company said in a statement. (Photo: File)

Reliance rolls out JioFiber, offering minimum 100 Mpbs speed for Rs 699 a month

The broadband service will offer unlimited data, free voice calling to anywhere in India as well as TV video calling/conferencing.

06 Sep 2019 11:26 AM

Businessman Mukesh Ambani on Thursday hailed Union Home Minister Amit Shah calling him a ‘true karmyogi’ and ‘Iron Man of India’, reported news agency IANS. (Photo: File)

Mukesh Ambani praises Amit Shah, calls him 'karmyogi'

During his speech, Ambani also backed the Narendra Modi government’s ambitious goal of making India a USD 5 trillion economy.

30 Aug 2019 11:58 AM

Reliance Industries chairman Mukesh Ambani on Monday announced plans to sell stakes in the firm's oil and chemicals business to Saudi oil giant Aramco.

RIL soars 10 pc, m-cap surges by Rs 71,638 cr after a slew of pro-investor announcements

The oil-to-telecom giant saw its scrip jump 9.72 per cent to close at Rs 1,275 on the BSE.

13 Aug 2019 8:35 PM

The twin deals along with deleveraging of telecom arm Jio's infrastructure assets will help Reliance become "a zero-net debt company within the next 18 months, that is by March 31, 2021, Reliance Industries chairman Mukesh Ambani said at the company's annual general meeting.

RIL shares zoom to decade high after company announces plan to turn debt-free

The scrip opened the day on a bullish note and jumped 12.09 per cent to Rs 1,302.50 on the BSE.

13 Aug 2019 12:57 PM

Chairman and Managing Director of Reliance Industries Ltd, Mukesh Ambani.

Several announcements for J&K, Ladakh in coming months: Mukesh Ambani

PM Modi on Aug 8, urged companies to invest in the J&K and Ladakh region to increase employment opportunities for local people.

12 Aug 2019 1:32 PM

Reliance has invested nearly Rs 5.4 lakh crore over the last five years to generate EBITDA in excess of USD 1 billion annually for over a decade.

Reliance to be zero-net debt company in 18 months: Ambani

Reliance will induct leading global partners in (telecom arm) Jio and Reliance Retail in the next few quarters.

12 Aug 2019 1:05 PM

In India even the most basic Jio Giga Fiber will start at 100 mbps at the lowest end. (Photo: AFP)

Jio pan-India broadband service launch from Sept 5 with unlimited free call

The Jio Giga Fiber customers will also get to watch new movies on the same day of its release, Ambani said.

12 Aug 2019 12:40 PM

Reliance Industries' Chairman and Managing Director Mukesh Ambani.

Jio subscriber base at over 340 mn, ready to kick-start 4 new growth engines: Ambani

The investment cycle of Reliance Jio is complete, and about Rs 3.5 lakh crore has been invested in high-speed 4G network.

12 Aug 2019 12:16 PM

Reliance's existing 1,400-odd petrol pumps, as well as 31 aviation fuel stations, will be transferred to the new joint venture where BP will hold 49 per cent equity stake.

BP to pay Rs 7,000 cr for 49 pc stake in Reliance's fuel retail network

Last week, the two firms had announced a new joint venture to set up petrol pumps and retail aviation turbine fuel in India.

12 Aug 2019 12:12 PM

RIL Chairman and Managing Director, Mukesh Ambani.

Aramco to take 20 pc in Reliance's oil, chemical biz at around Rs 1.06 lakh cr

Saudi Aramco is also keen on retailing fuel in India.

12 Aug 2019 11:49 AM

Jamnagar shall be the refinery icon of the world with best-in-class performance, the company said in its latest annual report outlining its vision.

Reliance to produce only jet fuel, petrochemicals at Jamnagar after oil-to-chemical strategy

The company is preparing its Jamnagar complex to be future ready as fuel demand undergoes change.

11 Aug 2019 12:07 PM

Mukesh Ambani-led firm Jio had pipped Bharti Airtel in May to become the second largest mobile operator with 322.9 million users and 27.80 per cent market, according to Trai data.

Jio emerges as India's biggest telecom player; Voda Idea user base dips to 320 mn

According to financial results reported by Reliance Industries last week, its subsidiary RJio had a user base of 331.3 mn by June 2019.

27 Jul 2019 11:20 AM

The revenue of Vodafone Idea for the June 2019 quarter fell to Rs 11,269.9 crore as against Rs 11,775 crore logged in the January-March 2019 quarter.

Vodafone Idea narrows Q1 loss to Rs 4,873.9 crore

The company had registered a loss of Rs 4,881.9 crore in the fourt quarter of 2018-19, Vodafone Idea Ltd said.

26 Jul 2019 6:37 PM

Jio has sold its tower assets via an investment trust to Canada’s Brookfield Asset Management for 250 billion rupees. (Photo: ANI)

Reliance mobile operator Jio to focus on subscriber numbers not tariffs

Analysts had predicted that Jio would start raising its tariffs as soon as it reached a critical mass of subscribers.

22 Jul 2019 10:39 AM

Richest Indian Mukesh Ambani. (Photo: PTI)

Mukesh Ambani keeps salary capped at Rs 15 crore for 11th year in a row

Mukesh Ambani’s remuneration for 2018-19 included Rs 4.45 cr as salary and allowances, which is marginally lower than Rs 4.49 cr.

20 Jul 2019 12:14 PM

Reliance is also holding parallel negotiations for a similar monetisation exercise for its 7,00,000 route km fibre network.

Brookfield to invest Rs 25,215 cr in Reliance's telecom tower arm

This is the second investment this year that Brookfield is making in a venture controlled by richest Indian Mukesh Ambani.

20 Jul 2019 10:08 AM

RIL net up 6.8 per cent; retail, telecom boost profit

While the profit rose year-on-year, it was lower than the highest ever earning of Rs 10,362 crore in the preceding January-March period.

20 Jul 2019 7:43 AM

Consumer businesses, which till last year accounted for a quarter of the company's pre-tax profit, contributed 32 per cent of EDITDA in Q1, the company said.

RIL Q1 net rises 6.8 pc; consumer businesses contribute a third of pre-tax profits

Net profit in April-June stood at Rs 10,104 crore while consolidated revenue rose to a record Rs 1,72,956 crore.

19 Jul 2019 8:14 PM

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