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Cumulative wealth of these billionaires from pharma, infrastructure and construction sectors is at Rs 1,65,900 crore as of January 15, 2021
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The battle between Reliance and Amazon with the Future Group’s assets as the prize promises a nail-biting finish
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According to the source, the handwritten letter in 'broken English' was addressed to Mukesh Ambani and his wife Nita Ambani.
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The year also saw nine other deals value over $1 billion each, it said, adding that the top deals accounted for nearly two-thirds of the overall activity.
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In a letter addressed to the Future Group employees, Biyani alleged that Amazon is running a concerted and coordinated media campaign and leaking misleading information.
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Reliance said it has completed fundraising from selling minority stakes in Jio Platforms Ltd -- the unit that holds telecom and digital businesses, and Reliance Retail to global investors.
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Moreover, stocks in the stores are almost up to 80 per cent of what they were before the pandemic, he added.
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In January this year, Amazon founder Jeff Bezos had announced $1 billion (over Rs 7,000 crore) investment in India to help bring small and medium businesses online.
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RIL and BP are developing three deepwater gas projects in block KG D6 – R Cluster, Satellites Cluster and MJ – which together are expected to meet 15 per cent of India's gas demand by 2023
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"Prime Minister Modi has led India from the front, and while we are not as rich a country as some of our western counterparts, being fiscally prudent, he (PM Modi) has taken steps to take care of our vulnerable," Ambani said.
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Zuckerberg made the remark during a conversation with Mukesh Ambani, Chairman and Managing Director, Reliance Industries at the first Facebook Fuel for India 2020 event.
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At a fireside chat with Facebook head Mark Zuckerberg, he said India's middle-class, which is about 50 per cent of the nation's total number of households, will grow three to four per cent per year.
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Speaking at the India Mobile Congress, Ambani said policy steps are needed to accelerate an early rollout of 5G, and to make it affordable and available everywhere.
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Says, in the next two decades, country's per capita energy needs will more than double
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Reliance Retail Ventures Ltd has acquired equity shares of Urban Ladder Home Decor Solutions Pvt Ltd for a cash consideration of Rs 182.12 crore, RIL said in a statement
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PIF will take a 2.04 per cent stake in Reliance Retail Ventures Ltd (RRVL), the Indian firm said in a statement
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Reliance is working on three projects in the Krishna Godavari basin KG-D6 block, where production from older fields stopped in February this year
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A Bench headed by Justice Ashok Bhushan dismissed an appeal filed by petitioner Himanshu Agarwal against a December 2019 order of the Bombay High Court.
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A sharp fall in the rupee and a negative trend in global markets further unnerved investors, traders said.
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Ryots performed'Ravana Dahan' using the effigies of PM Narendra Modi and industrialists Mukesh Ambani and Gautam Adani on the occasion of Dasara