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Richest Indian Mukesh Ambani said Reliance is "now in the process of effecting a momentous leadership transition.

Mukesh Ambani talks succession for the first time, here is what is in store

Ambani, 64, who has previously not spoken about succession plans at the country's most valuable company, said Reliance is "now in the process of effecting a momentous leadership transition." Ambani has three children -- twins Akash and Isha, and Anant.

Mukesh Ambani sets up stepping stones for Reliance's succession

Mukesh&nbsp;Ambani said Reliance is "now in the process of effecting a momentous leadership transition.

Richest Indian Mukesh Ambani&nbsp;in a first, mentioned about leadership transition at his energy-to-retail conglomerate, saying he wants the process to be accelerated with seniors, including him, yielding to the younger generation.
Ambani, 64, who has previously not spoken about succession plans at the country's most valuable company, said Reliance is "now in the process of effecting a momentous leadership transition." Ambani has three children -- twins Akash and Isha, and Anant. Read/Watch Also: <a href="https://www.editorji.com/business-news/ambani-succession-plan-taking-a-page-out-of-the-walmart-family-book-1637651588992" target="_blank">Sneak&nbsp;a peek into the&nbsp;Ambani&nbsp;succession&nbsp;plan</a>
Speaking at the Reliance Family Day, which marks the birth anniversary of the group's founder Dhirubhai Ambani, he said "Achieving big dreams and impossible-looking goals is all about getting the right people and the right leadership. Reliance is now in the process of effecting a momentous leadership transition... from seniors belonging to my generation to the next generation of young leaders...And this process, he would like "to be accelerated." The speech was reported by Ambani-owned news outlet News18.com.
"All seniors -- myself included -- should now yield to the highly competent, extremely committed, and incredibly promising young leadership talent at <a href="https://www.editorji.com/business-news/ril-aramco-15-bilion-deal-stands-cancelled-1637377936720" target="_blank">Reliance</a>," Ambani&nbsp;added. "We should guide them, enable them, encourage them and empower them... and sit back and applaud as they perform better than us." He did not elaborate. <a href="https://www.editorji.com/business-news/mukesh-ambani-backs-blockchain-tech-can-change-financial-world-1638598901893" target="_blank">Mukesh Ambani</a> said an organisational culture must be built at Reliance that outlasts its leaders. "I have no doubt that Akash, Isha and Anant as the next-gen leaders will lead Reliance to even greater heights.
Reliance now has three verticals -- energy business comprising of oil refineries at Jamnagar in Gujarat, petrochemicals plants and new energy factories, the retail business made up of physical stores and online e-commerce unit in <a href="https://www.editorji.com/story/reliance-retail-cautions-about-fake-jio-mart-websites-1598604756652" target="_blank">JioMart</a>, and telecom and digital business housed in Jio. Bloomberg&nbsp;had reported in November&nbsp;that <a href="https://www.editorji.com/business-news/mukesh-ambani-now-richer-than-warren-buffet-in-the-top-10-richest-of-the-world-1634263810842">India's richest man Mukesh&nbsp;Ambani</a>&nbsp;is eyeing a plan that resembles the Walmart&nbsp;Family - the Walton's.&nbsp;The 64-year-old Indian tycoon is reportedly considering moving his family&rsquo;s holdings into a trust-like structure that will control the Mumbai-listed flagship Reliance Industries as per sources to Bloomberg.
Also Read:&nbsp;<a href="https://www.editorji.com/business-news/globalbees-joins-the-unicorn-club-as-startups-and-investors-rush-into-thrasio-style-e-commerce-1640754783020" target="_blank">GlobalBees&nbsp;joins the unicorn club as startups and investors rush into Thrasio style e-commerce&nbsp;</a>

Losing business as Mukesh Ambani backed JioMart pushes tie-ups and offers deep discounts has left traditional distributors and salespeople threatened. Reuters reports that All India Consumer Products Distributors Federation - which has 400,000 members - has written to consumer companies demanding a level playing field, saying they must get products at same prices like other big corporate distributors such as Reliance.
More and more stores were now using the JioMart Partner app to stock up their outlet and availing big discount vs using the traditional route of visiting distributors who was unable to match Jio's discounts. Calling for a 'Non-cooperation' movement the union of sales people has threatened to stop distribution of products to mom-and-pop stores, and will also hold out on newly launched consumer goods if such partnerships continue beyond Jan 1.
The group has sent the letter of demands of equal pricing to Reckitt, Hindustan Unilever, Colgate and 20 other consumer goods companies reports Reuters. 

Why are 4 lakh salesmen are upset with Mukesh Ambani's Reliance?

4 lakh salesmen threaten to strike from January 1, demanding to be treated equally to Asia's richest man - Mukesh Ambani. 

Why the salesmen to your Kirana store may strike because of Jio

<ul>
<li>Deep discounts offered by Jio's&nbsp;retail arm hurting local salesman</li>
<li>Business for local salesman down 20-25% as they are unable to match Jio&nbsp;discount</li>
<li>All India Consumer Products Distributors Federation demand equal pricing as Reliance&nbsp;</li>
<li>Salesmen demand same discounts as big corporate distributors such as Reliance.
&nbsp;
</li>
<li>4 lakh&nbsp;salesman threaten to strike from January 1 on pricing disparity&nbsp;</li>
<li>Salesmen send discount demand letter to&nbsp;Reckitt, Hindustan Unilever, Colgate and 20 others</li>
</ul>

If pricing-parity demand is not met, the group said in its letter, its salesmen will stop distribution of products to mom-and-pop stores

Losing business as <a href="https://www.editorji.com/business-news/mukesh-ambani-talks-succession-for-the-first-time-for-his-200-billion-reliance-empire-1640749921718" target="_blank">Mukesh&nbsp;Ambani</a>&nbsp;backed JioMart&nbsp;pushes tie-ups and offers deep discounts has left traditional distributors and&nbsp;salespeople threatened.&nbsp; Reuters reports that&nbsp;All India Consumer Products Distributors Federation - which has 400,000 members - has written to consumer companies demanding a level playing field, saying they must get products at same prices like other big corporate distributors such as Reliance.
Also watch |&nbsp;<a title="Bitcoin's wild weekend, down 30% from recent high as investors lose $10,000 in one hour" href="https://www.editorji.com/business-news/cryptocurrency/bitcoin-s-wild-weekend-down-30-from-recent-high-as-investors-lose-10-000-in-one-hour-1638756908945">Bitcoin's wild weekend, down 30% from recent high as investors lose $10,000 in one hour</a>
More and more stores were now using the&nbsp;JioMart Partner app to stock up their outlet and availing big discount vs using the traditional route of visiting distributors who was unable to match Jio's discounts.&nbsp; Calling for a&nbsp;'Non-cooperation' movement the union of sales people has threatened to&nbsp;stop distribution of products to mom-and-pop stores, and will also hold out on newly launched consumer goods if such partnerships continue beyond Jan 1.
The group has sent the letter of demands of equal pricing to&nbsp;Reckitt, Hindustan Unilever, Colgate and 20 other consumer goods companies reports Reuters.&nbsp;

While the bill for regulating cryptocurrency is still in the works, various business personalities have multiple shades of opinions on the ongoing debate on cryptocurrency. 
Reliance Industries Chairman and Managing Director Mukesh Ambani said he sees the benefits of the blockchain technology and India is putting in place the most forward-looking policies and regulations
In an interview at the virtual InFinity Forum, hosted by International Financial Services Authority (IFSCA), he further added he believes in blockchain technology and this is different from cryptocurrency.
Using blockchain, we can deliver unprecedented security, trust, automation to almost any type of transaction, Ambani said.
 

Mukesh Ambani backs Blockchain tech; 'can change financial world' 

While the bill for regulating cryptocurrency is still in the works, business tycoon, Mukesh Ambani shares his opinion.

Check out he has to say on this:  

Mukesh&nbsp;Ambani: using blockchain, we can deliver unprecedented security, trust, automation and efficiency to almost any type of transaction

While the bill for regulating cryptocurrency is still in the works, the business world clearly has&nbsp;multiple shades of opinions on the ongoing debate.&nbsp;
<a href="https://www.editorji.com/business-news/mukesh-ambani-talks-succession-for-the-first-time-for-his-200-billion-reliance-empire-1640749921718" target="_blank">Reliance Industries Chairman and Managing Director Mukesh Ambani</a> said he sees the benefits of the blockchain technology and India is putting in place the most forward-looking policies and regulations.
Also watch&nbsp;| <a title="Your Complete Crypto Guide: The Good, The Bad and The Ugly!" href="https://www.editorji.com/business-news/cryptocurrency/your-complete-crypto-guide-the-good-the-bad-and-the-ugly-1638354256100">Your Complete Crypto Guide: The Good, The Bad and The Ugly! </a>
In an interview at the virtual InFinity Forum, hosted by International Financial Services Authority, he further added he believes in blockchain technology and this is different from cryptocurrency.
Asia's richest man said&nbsp;blockchain&nbsp;can deliver unprecedented security, trust, automation to almost any type of transaction.

WhatsApp grocery shopping: JioMart users got WhatsApp shopping invites with a 90-second tutorial and catalog as per reports. 

WhatsApp grocery shopping | You can now order groceries via Whatsapp, Ambani faces-off with Amazon, Flipkart

Jio vs Amazon vs Walmart! The battle for bagging you groceries is on. Ambani turns to Whatsapp to offer delivery from Jiomart free of cost with no minimum delivery charge

Jio bags an opportunity, Ambani to use Whatsapp for order & delivery 

WhatsApp has over 530 million users in the country (which is&nbsp;Meta&rsquo;s biggest overseas base) and Jio has more than 425 million subscribers.

Fastest fingers first! That's the new mantra as billionaire Mukesh&nbsp;Ambani&nbsp;has turned to WhatsApp&nbsp;to take on Amazon and Flipkart&nbsp;in the grocery delivery business.&nbsp;JioMart users got WhatsApp shopping invites with a 90-second tutorial and catalog as per reports.&nbsp;
Also read/watch:&nbsp;<a href="https://www.editorji.com/business-news/amazon-india-chief-summoned-by-ed-as-the-battle-with-biyani-s-future-group-worsens-1638162556741" target="_blank">Amazon India chief summoned by ED as the battle with Biyani's Future Group worsens</a>
<h3>How will it work?</h3>
Bloomberg&nbsp;reports that delivery is free and there&rsquo;s no minimum order value. Among the daily essentials on offer are fruits, vegetables, cereal, toothpaste and cooking staples like paneer cottage cheese and chickpea flour. Customers can fill their shopping baskets within the app and pay either via JioMart or in cash when receiving their order
<h3>The Mega Numbers</h3>
WhatsApp has over 530 million users in the country (which is&nbsp;Meta&rsquo;s biggest overseas base) and Jio has more than 425 million subscribers.
<h3>Bagging the opportunity&nbsp;</h3>
Food and groceries are estimated to account for over half of the nation&rsquo;s retail spending, which is projected to reach as high as $1.3 trillion by 2025.&nbsp;

Shareholders of&nbsp;Mukesh&nbsp;Ambani backed Reliance Industries had a terrific Thursday with the largecap&nbsp;surging over 5% in intraday trade as the company announced restructuring&nbsp;and repurposing of their gasification&nbsp;assets.
As per a statement released by the company&nbsp;Jamnagar gasification unit will now become a wholly-owned subsidiary.&nbsp;The transfer will help &ldquo;unlock the value of syngas" and will help the company&rsquo;s transition to renewables as its primary source of energy, said the company in a press release.&nbsp;

Stock Alert! RIL soars in trade as company announces restructuring 

Green on the screen for RIL as stock soars on restructuring.

Reliance to transfer Jamnagar asset to subsidiary for syngas production

Shareholders of&nbsp;Mukesh&nbsp;Ambani backed Reliance Industries had a terrific Thursday with the largecap&nbsp;surging over 5% in intraday trade as the company announced restructuring&nbsp;and repurposing of their gasification&nbsp;assets.
As per a statement released by the company&nbsp;Jamnagar gasification unit will now become a wholly-owned subsidiary.&nbsp;The transfer will help &ldquo;unlock the value of syngas" and will help the company&rsquo;s transition to renewables as its primary source of energy, said the company in a press release. &nbsp;

Over 200 billion dollars, 3 large verticals and a legacy empire all to be incorporated in the blueprint of the succession plan corporate India's first family, the Ambanis. Bloomberg reports that India's richest man Mukesh Ambani is eyeing a plan that resembles the Walmart Family - the Walton's. The 64-year-old Indian tycoon is considering moving his family’s holdings into a trust-like structure that will control the Mumbai-listed flagship Reliance Industries as per sources to Bloomberg. 
A model that keeps the family central but delegates management has obvious appeal like the Waltons may be the perfect plan for the Ambani clan looking to avert a deja vu of inheritance uncertainity the siblings faced when the patriarch Dhirubhai Ambani passed away in 2002. Mukesh Ambani who has three children and a personal net worth of $94 billion is still to finalise the plan, the business magnate made it clear to shareholders in June that his children will be playing a bigger role in the company going ahead. “I have no doubt whatsoever that the next generation of leaders at Reliance, led by Isha, Akash and Anant, will further enrich this precious legacy,” the RIL chief stated at the AGM. Experts that have watched Reliance's market value more than quadruple in the last 5 years expect that Reliance may over time become a holding company for three underlying businesses — energy, retail and digital — which are likely to be listed separately in the future, the groundwork for which is already being laid. 

Ambani succession plan, taking a page out of the Walmart family book

Mukesh Ambani is at the drawing board to chalk out a succession plan for India's largest business empire. Will the Ambani's follow the Walton's Walmart way for Reliance?

Sneak Peek into the Ambani succession plan

Ambani's favored&nbsp;succession plan shares elements with that of Walmart Inc.&rsquo;s Walton family reports Bloomberg

Over 200 billion dollars, 3 large verticals and a legacy empire all to be incorporated in the blueprint of the succession plan corporate India's first family, the Ambanis.&nbsp; Bloomberg reports that India's richest man Mukesh&nbsp;Ambani&nbsp;is eyeing a plan that resembles the Walmart&nbsp;Family - the Walton's.&nbsp; The 64-year-old Indian tycoon is considering moving his family&rsquo;s holdings into a trust-like structure that will control the Mumbai-listed flagship Reliance Industries as per sources to Bloomberg.&nbsp;
A model that keeps the family central but delegates management has obvious appeal like the Waltons&nbsp;may be the perfect plan for the Ambani&nbsp;clan looking to avert a deja vu of inheritance uncertainity&nbsp;the siblings faced when the patriarch Dhirubhai&nbsp;Ambani&nbsp;passed away in 2002.&nbsp; Mukesh&nbsp;Ambani&nbsp;who has three children and&nbsp;a personal net worth of $94&nbsp;billion is still to finalise the plan, the business magnate made it clear to shareholders in June that his children will be playing a bigger role in the company going ahead.&nbsp; &ldquo;I have no doubt whatsoever that the next generation of leaders at Reliance, led by Isha, Akash and Anant, will further enrich this precious legacy,&rdquo; the RIL&nbsp;chief stated at the AGM.&nbsp; Experts that have watched Reliance's market value more than&nbsp;quadruple in the last 5 years expect that Reliance may over time become a holding company for three underlying businesses &mdash; energy, retail and digital &mdash; which are likely to be&nbsp;listed&nbsp;separately in the future, the groundwork for which is already being laid.&nbsp;

Mukesh Ambani backed RIL has made a U-turn in it's decision to hive off their oil-to-chemical (O2C) business and thus also cancelling it's plan to sell 20% to Saudi Arabia's Aramco in the company. “RIL and Aramco have mutually determined that it would be beneficial for both parties to re-evaluate the proposed investment in O2C business in light of the changed context,” RIL said in a statement late night on FridayWhat is the changed context? 
India's largest private sector company by market capitalisation is making forays into new energy business in recent months by investing $10 billion in alternative energy over three years. This new focus is taking the investment context away from the traditional biz of oil-to-chemical.So is the chapter with RIL-Aramco shut?No, Reliance stated that the two will make "future disclosures as appropriate,” on partnerships. The negotiation between RIL and Saudi Aramco may now include the new clean initiatives announced by the Mukesh Ambani led-company.
 

Reliance stock cracks 3% as $15 billion deal with Aramco stands cancelled

The $15 billiion deal between India's largest company by marketcap, RIL and the world's largest Oil company, Aramco stand cancelled. 

Reliance-Aramco to rework deal. O2C deal cancelled

<ul>
<li>Reliace-Aramco&nbsp;stake sale deal stand cancelled, RIL&nbsp;not to rejig&nbsp;business</li>
<li>RIL:&nbsp;Aramco have mutually determined to re-evaluate the investment</li>
<li>RIL&nbsp;likely to focus partnerships with Aramco&nbsp;in new energy business</li>
<li>Mukesh&nbsp;Ambani&nbsp;has committed $10 billion to new energy ventures of RIL</li>
<li>RIL: Aramco&nbsp;and Reliance to make future&nbsp;disclosures when appropriate</li>
</ul>

Reliance and Saudi Aramco have mutually determined that it would be beneficial for both parties to re-evaluate the proposed investment in O2C business.&nbsp;

Mukesh&nbsp;Ambani&nbsp;backed RIL&nbsp;has made a U-turn in it's decision to hive off their oil-to-chemical&nbsp;(O2C) business and thus also cancelling it's plan to sell 20% to Saudi Arabia's Aramco&nbsp;in the company.&nbsp; &ldquo;RIL and Aramco have mutually determined that it would be beneficial for both parties to re-evaluate the proposed investment in O2C business in light of the changed context,&rdquo; RIL said in a statement late night on Friday What is the changed context?&nbsp;
India's largest private sector company by market capitalisation is making forays into new energy business in recent months by investing $10 billion in alternative energy over three years. This new focus is taking the investment context away from the traditional biz of oil-to-chemical. So is the chapter with RIL-Aramco shut? No, Reliance stated that the two&nbsp;will make "future disclosures as appropriate,&rdquo; on partnerships.&nbsp;The negotiation between RIL and Saudi Aramco may now include the new clean initiatives announced by the Mukesh Ambani led-company.
&nbsp;

Mumbai Police have stepped up security outside industrialist Mukesh Ambani's south Mumbai residence. The move came after a taxi driver informed the police that two suspected passengers with bags had asked him about the location of 'Antilia', an official said.
Police said more barricades are being put by the police outside 'Antilia' and cops are scanning CCTV footages.
Ambani's 27-storey house, 'Antilia' is located on Altamout Road in Mumbai.
Police said the taxi driver was standing near Killa court in south Mumbai when a car pulled over and its occupants asked him about the location of Ambani's residence.
In February this year, an explosives-laden SUV was found parked outside 'Antilia', triggering panic.
The National Investigative Agency is probing the alleged role of the then Assistant Police Inspector of Mumbai Police, Sachin Waze, in the SUV incident, and he was arrested.

Security stepped up outside Mukesh Ambani's house after taxi driver alerts cops 

Security stepped up outside Mukesh Ambani's house 'Antilia' after taxi driver alerted cops

Security stepped up outside Mukesh Ambani's house 

Security stepped up outside Mukesh Ambani's house 'Antilia'
Taxi driver alerted cops on 2 men who asked for 'Antilia'&nbsp;location
More barricades put outside Ambani&nbsp;home, cops scanning CCTVs
Cops: 1 person identified, nothing suspicious found so far
In Feb, an explosives-laden SUV was found parked outside 'Antilia'

Mukesh&nbsp;Ambani house:&nbsp;Police said more barricades are being put by the police outside 'Antilia' and cops are scanning CCTV footages

Mumbai Police have stepped up security outside industrialist <a href="https://www.editorji.com/business-news/mukesh-ambani-talks-succession-for-the-first-time-for-his-200-billion-reliance-empire-1640749921718" target="_blank">Mukesh </a><a href="https://www.editorji.com/business-news/mukesh-ambani-talks-succession-for-the-first-time-for-his-200-billion-reliance-empire-1640749921718" target="_blank">Ambani</a>'s south Mumbai residence. The move came after a taxi driver informed the police that two suspected passengers with bags had asked him about the location of 'Antilia', an official said.
Also See |&nbsp;<a href="https://www.editorji.com/business-news/mukesh-ambani-now-richer-than-warren-buffet-in-the-top-10-richest-of-the-world-1634263810842" target="_blank">Mukesh Ambani now richer than Warren Buffet, in the top 10 richest of the world</a>
Police said more barricades are being put by the police outside 'Antilia' and cops are scanning CCTV footages.
Reports quoting Mumbai&nbsp;Police said that one&nbsp;person has been identified and&nbsp;has been called for inquiry. He is a taxi driver from Gujarat. Nothing suspicious recovered from him so far.
Ambani's 27-storey house, 'Antilia' is located on Altamout Road in Mumbai.
Police said the taxi driver was standing near Killa court in south Mumbai when a car pulled over and its occupants asked him about the location of Ambani's residence.
In February this year, an explosives-laden SUV was found parked outside 'Antilia', triggering panic.
The National Investigative Agency is probing the alleged role of the then Assistant Police Inspector of Mumbai Police, Sachin Waze, in the SUV incident, and he was arrested.

Gujarat based Sintex Industries could be next on the shopping list of billionaire Mukesh Ambani.

Mukesh Ambani goes Sintex shopping and no it's not for water storage! 

Sowing up a new acquisition plan Mukesh Ambani sets his eyes on the fabric supplier for Armani, Versace and Tommy Hilfiger. 

Mukesh Ambani to buy Sintex Industries next?

Sintex supplies fabrics to reputed international and domestic brands like Armani, Pepe Jeans, Nike, Zara, H&amp;M, Versace and Tommy Hilfiger.

Gujarat based&nbsp;Sintex Industries&nbsp;could be next on the shopping list of billionaire Mukesh&nbsp;Ambani. Unlike what the name suggests it is not the water storage company but the bankrupt&nbsp;textile division that has caught the eye of India's richest man.&nbsp;
Sintex supplies fabrics to reputed international and domestic brands like Armani, Pepe Jeans, Nike, Zara, H&amp;M, Versace and Tommy Hilfiger.
Also Read:<a href="https://www.editorji.com/business-news/reliance-brands-to-acquire-40-stake-in-manish-malhotra-s-designer-label-1634360328710" target="_blank">&nbsp;Reliance brands to acquire 40% stake in Manish Malhotra's designer label</a> The Gujarat-based textile company was admitted into the bankruptcy process&nbsp;in April this year after&nbsp;Invesco Asset Management (India) Pvt Ltd raised solvency issues post a Rs 15.4 crore default .
As per a report, Reliance&nbsp;Industries, along with Assets Care &amp; Reconstruction Enterprise Ltd (ACRE), Varde Capital-backed Aditya Birla Asset Reconstruction Company,&nbsp;and foreign fund CarVal Investors, among others, have submitted expressions of interest (EoI) for bankrupt Sintex Industries.
This is just the second instance of Reliance has bid for a bankrupt entity. Previously it had bid and acquired insolvent Alok Industries.&nbsp;
Also Read |&nbsp;<a href="https://www.editorji.com/business-news/mukesh-ambani-now-richer-than-warren-buffet-in-the-top-10-richest-of-the-world-1634263810842">Mukesh Ambani now richer than Warren Buffet, in the top 10 richest of the world</a>

The chairman of Reliance Industries is now worth $102 billion, equalling and edging past Warren&nbsp;Buffett&rsquo;s&nbsp;as of Thursday, according to the Bloomberg Billionaires Index.
Ambani&rsquo;s wealth has jumped $25 billion this year alone as he became the only Asian tycoon in the exclusive club of the world&rsquo;s top 10 richest people. To put it in perspective, Mukesh&nbsp;Ambani's&nbsp;net worth equals the economy of Morocco and the gain in just this year is the GDP of Iceland.&nbsp;
Shares of Ambani&rsquo;s conglomerate have almost tripled since the low in March 2020 as shareholders enjoyed the rally backed by $40 billion plus investment into Jio, a stake sale to oil giant Aramco and the big green push from India's biggest company.&nbsp;
&nbsp;

Mukesh Ambani now richer than Warren Buffet, in the top 10 billionaires

Ambani’s wealth has jumped $25 billion this year alone as he became the only Asian tycoon in the exclusive club of the world’s top 10 richest people

It's early Diwali for Mukesh Ambani, wealth up $25 billion this year

Thinking cues&nbsp; - Need smiling close shots of mukesh to start with with transition slide to warren buffet ..&nbsp; -&nbsp; Establish shot of ambani&nbsp;then can show like dollars falling or printing .. - for the put in perspective think how you want to represent this... it can just have map still of the countries with some text (think about it) - Have to use stock line chart from the , please ensure the shots match the vo in the last line.

Ambani's wealth top $100 billion, now in the top 10 of the world's richest people.&nbsp;

Mukesh&nbsp;Ambani, the chairman of Reliance Industries is now worth $102 billion, equalling and edging past Warren&nbsp;Buffett&rsquo;s&nbsp;wealth kitty as of Thursday, according to the Bloomberg Billionaires Index.
Ambani&rsquo;s wealth has jumped $25 billion this year alone as he became the only Asian tycoon in the exclusive club of the world&rsquo;s top 10 richest people. To put it in perspective, Mukesh&nbsp;Ambani's&nbsp;net worth equals the economy of Morocco and the gain in just this year is the GDP of Iceland.
Also watch:&nbsp;<a title="Mukesh Ambani's green shopping bag has two new investments ... again" href="https://www.editorji.com/business-news/mukesh-ambani-s-green-shopping-bag-has-two-new-investments-again-1634104001951">Mukesh Ambani's green shopping bag has two new investments ... again</a>&nbsp;
Shares of Ambani&rsquo;s conglomerate have almost tripled since the low in March 2020 as shareholders enjoyed the rally backed by $40 billion plus investment into Jio, a stake sale to oil giant Aramco and the big green push from India's biggest company.&nbsp;
&nbsp;

Reliance Industries has invested in German “green solar wafers” technology company NexWafe and signed a pact with Danish company Stiesdal as part of the conglomerate's aggressive strategy to expand its clean energy portfolio. Our investment in NexWafe signals an important step towards accelerating India’s green energy transition and positioning India as a global leader in photovoltaic manufacturing,” RIL chairman Mukesh Ambani said in a statement.With these investments, Reliance New Energy Solar Ltd has made 4 new investments in just the last 4 days. The announcements are in line with India's richest man's ambitious plans of investing Rs 75,000 crore over the next three years to build a new clean energy business to fuel the conglomerate’s commitment to be net carbon neutral by 2035.

Mukesh Ambani's green shopping bag has two new investments ... again

Mirror, Mirror on the wall who is the greenest of them all? Reliance surges ahead to win the green race with two investments in 24 hours. 

Mukesh Ambani's green bet just got greener! 

Mukesh Ambani plans on investing Rs 75,000 crore over the next three years to build a new clean energy business to fuel the conglomerate&rsquo;s commitment to be net carbon neutral by 2035.
&nbsp;

Reliance Industries has invested in German &ldquo;green solar wafers&rdquo; technology company NexWafe&nbsp;and signed a pact with Danish company Stiesdal&nbsp;as part of the conglomerate's aggressive&nbsp;strategy to expand its clean energy portfolio.&nbsp; Our investment in NexWafe signals an important step towards accelerating India&rsquo;s green energy transition and positioning India as a global leader in photovoltaic manufacturing,&rdquo; <a href="https://www.editorji.com/business-news/mukesh-ambani-talks-succession-for-the-first-time-for-his-200-billion-reliance-empire-1640749921718" target="_blank">RIL chairman Mukesh Ambani</a> said in a statement. With these investments, Reliance New Energy Solar Ltd has made 4 new investments in just the last 4 days.&nbsp;The announcements are in line with India's richest man's ambitious plans of investing Rs 75,000 crore over the next three years to build a new clean energy business to fuel the conglomerate&rsquo;s commitment to be net carbon neutral by 2035.

It is a big billion dollar boys club and RIL&nbsp;chief Mukesh&nbsp;Ambani&nbsp;is now part of the clique! Gaining nearly $24 billion to this wealth kitty in this year alone Ambani&nbsp;is now worth over $100,000,000,000.&nbsp;The $100 billion club has only 11 exclusive members ranging from tech giants&nbsp;Elon&nbsp;Musk, Jeff Bezos&nbsp;to legendary investor Warren Buffet. In fact, there are only two non-US billionaires&nbsp;in the list Mukesh&nbsp;Ambani&nbsp;(11) and France's richest person&nbsp;Bernard Arnault, Chairman of LVMH,&nbsp;the world's largest maker of luxury goods.Ranked at number 11 on the overall Bloomberg&nbsp;Billionaire Index Mukesh&nbsp;Ambani is just one rank and $3 billion behind the 'Oracle of Omaha' Buffet.&nbsp;The meteoric rise in Ambani's wealth is not something the Reliance Chairman is enjoying alone. With the stock gaining over 45% this year (which is his largest asset), shareholders on Dalal&nbsp;Street have seen portfolio returns swell as the scrip trades near record highs.&nbsp;

Mukesh Ambani now worth over 100 billion dollars! Just one rank below Warren Buffet in rich list

Mukesh Ambani, joins the world’s most exclusive wealth club with a fortune of at least $100 billion, just a rank behind Warren Buffett. 



Mukesh Ambani in the 100 billion dollar boys club

Mukesh Ambani's&nbsp;wealth has more than doubled in the last 3 years.&nbsp;

It is a big billion dollar boys club and RIL&nbsp;chief Mukesh&nbsp;Ambani&nbsp;is now part of the clique! Gaining nearly $24 billion to this wealth kitty in this year alone Ambani&nbsp;is now worth over $100,000,000,000.&nbsp; The $100 billion club has only 11 exclusive members ranging from tech giants&nbsp;Elon&nbsp;Musk, Jeff Bezos&nbsp;to legendary investor Warren Buffet. In fact, there are only two non-US billionaires&nbsp;in the list Mukesh&nbsp;Ambani&nbsp;(11) and France's richest person&nbsp;Bernard Arnault, Chairman of LVMH,&nbsp;the world's largest maker of luxury goods.
Also watch:&nbsp;<a title="Byju&rsquo;s pulls ads featuring Shah Rukh Khan amid Aryan Khan's drug case" href="https://www.editorji.com/business-news/byju-s-pulls-ads-featuring-shah-rukh-khan-amid-aryan-khan-s-drug-case-1633758681434">Byju&rsquo;s pulls ads featuring Shah Rukh Khan amid Aryan Khan's drug case</a> Ranked at number 11 on the overall Bloomberg&nbsp;Billionaire Index Mukesh&nbsp;Ambani is just one rank and $3 billion behind the 'Oracle of Omaha' Buffet.&nbsp; The meteoric rise in Ambani's wealth is not something the Reliance Chairman is enjoying alone. With the stock gaining over 45% this year (which is his largest asset), shareholders on Dalal&nbsp;Street have seen portfolio returns swell as the scrip trades near record highs.&nbsp;

Mukesh&nbsp;Ambani&nbsp;backed Reliance seems to be setting its eyes on investing in mobile content app Glance InMobi as per reports. Bloomberg&nbsp;reports Reliance may invest upto&nbsp;$300 million for a stake in the company.&nbsp;Who is&nbsp;Glance InMobi?
Glance InMobi pushes curated news and entertainment content onto phone lock screens and also runs a short-video app. The platform leverages&nbsp;AI to personalise content&nbsp;in several Indian languages on the lock screen of Android smartphones. The startup&nbsp;turned unicorn in December 2020 when it got funding of $145 million&nbsp;from Google and existing investor Mithril Capital.What would Reliance gain?Glance claims to have more than&nbsp;115 million daily active users&nbsp;who spend an average of&nbsp;25 minutes&nbsp;on the platform per day. The reported deal would give Reliance access to valuable lock-screen real estate on the affordable mobile phones especially valuable ahead of the JioNext&nbsp;launch in collaboration with Google this festive season.&nbsp;

Reliance sets sights on buying stake in Glance InMobi: Reports

Locked Screen real estate at play as Reliance sets sights on buying stake in Glance InMobi

Reliance sets sights on buying Glance InMobi: Reports

The platform leverages AI to personalise content in several Indian languages on the lock screen of Android smartphones

Mukesh&nbsp;Ambani&nbsp;backed Reliance seems to be setting its eyes on investing in mobile content app Glance InMobi as per reports. Bloomberg&nbsp;reports Reliance may invest upto&nbsp;$300 million for a stake in the company.&nbsp; Who is&nbsp;Glance InMobi?
Glance InMobi pushes curated news and entertainment content onto phone lock screens and also runs a short-video app. The platform leverages&nbsp;AI to personalise content&nbsp;in several Indian languages on the lock screen of Android smartphones. The startup&nbsp;turned unicorn in December 2020 when it got funding of $145 million&nbsp;from Google and existing investor Mithril Capital. What would Reliance gain? Glance claims to have more than&nbsp;115 million daily active users&nbsp;who spend an average of&nbsp;25 minutes&nbsp;on the platform per day. The reported deal would give Reliance access to valuable lock-screen real estate on the affordable mobile phones especially valuable ahead of the JioNext&nbsp;launch in collaboration with Google this festive season.&nbsp;

JioPhone Next the much awaited afforadable smartphone is going to dial in a later launch day as chip shortage has hit the roll out plan for Asia's richest man and Google

JioPhone Next launch delayed, Chip shortage hits Ambani's mega plan

Jio&nbsp;&amp; Google delay their India smartphone launch, JioPhone&nbsp;Next only to be rolled out by Diwali.&nbsp;

JioPhone Next Delayed| You will have to wait till Diwali now

<ul>
<li>JioPhone&nbsp;Next delays launch, expect Diwali&nbsp;roll out</li>
<li>JioPhone&nbsp;Next launch to be delayed due to global chip shortage</li>
<li>Google &amp; Jio&nbsp;have begun testing JioPhone Next with a limited set of users&nbsp;</li>
<li>Mukesh&nbsp;Ambani&nbsp;announced Sept 10 launch of JioPhone&nbsp;at the June AGM</li>
<li>Global chip shortage has hit production for car makers as well as phone producers globally.&nbsp;</li>
</ul>

&nbsp;JioPhone Next in advanced trials, with festive-season rollout to commence before Diwali: Company Statement

<a href="https://www.editorji.com/story/google-jio-to-collaborate-on-made-for-india-jiophone-next-smartphone-1624538282354" target="_blank">JioPhone&nbsp;Next</a> the much awaited afforadable&nbsp;smartphone is going to dial in a later launch day as chip shortage has hit the roll out&nbsp;plan for Asia's richest man and Google.&nbsp; In a statement issue Mukesh&nbsp;Ambani&nbsp;backed Reliance said&nbsp;Jit has been testing the smartphone with a &ldquo;limited set of users for further refinement&rdquo; and is &ldquo;actively working to make it available more widely&rdquo; around the time of Diwali festival, which is scheduled for early November. Putting the blame on the ongoing global semiconductor shortage Jio&nbsp;expects the additional two months &ldquo;will&rdquo; mitigate that. From India's largest car maker Maruti to the makers of Jaguar everyone is facing delays in production due to the global chip shortage.&nbsp;

Asia's richest Mukesh&nbsp;Ambani&nbsp;is only a&nbsp;few billion away from entering the elite $100-billion club.
As per the&nbsp;Bloomberg&nbsp;Billionaires Index, Ambani's net worth stood at $92.6 billion as he was the 12th richest person on the earth.
Ambani's net worth&nbsp;surged $3.7 billion as shares of Reliance&nbsp;Industries&nbsp;skyrocketed more than 4% on Friday's trade session. The surge in RIL's stock has been witnessed as the company targets a bigger green energy manufacturing plan.
Asia's richest man&nbsp;announced an ambitious plan to invest $10 billion this year in clean energy, marking a new pivot for India&rsquo;s most valuable company. The plan is in sync with Indian PM Narendra Modi&rsquo;s ambitions to combat climate change and curtail imports into the world&rsquo;s third-biggest oil consumer.

Mukesh Ambani close to enter $100 billion club

Asia's richest Mukesh&nbsp;Ambani&nbsp;is only a&nbsp;few billion away from entering the elite $100-billion club.

Ambani's net worth stood at $92.6 billion as he was the 12th richest person on the earth.

Asia's richest Mukesh&nbsp;Ambani&nbsp;is only a&nbsp;few billion away from entering the elite $100-billion club. As per Bloomberg's&nbsp;Billionaires Index, Ambani's net worth stood at $92.6 billion as he was the 12th richest person on the earth.
Ambani's net worth&nbsp;surged $3.7 billion as shares of Reliance&nbsp;Industries&nbsp;skyrocketed to a record high. The surge in RIL's stock has been witnessed as the company targets a bigger green energy manufacturing plan.
Asia's richest man&nbsp;announced an ambitious plan to invest $10 billion this year in clean energy, marking a new pivot for India&rsquo;s most valuable company. The plan is in sync with Indian PM Narendra Modi&rsquo;s ambitions to combat climate change and curtail imports into the world&rsquo;s third-biggest oil consumer.

Reliance Life Sciences' application to conduct clinical trials of its two-dose Covid-19 vaccine got approval from the drug regulator on Thursday.

Reliance to manufacture Covid-19 vaccine; got drug regulator's approval

After its successful&nbsp;journey from oil to the&nbsp;internet&nbsp;to retail, India's biggest conglomerate Reliance has now stepped into manufacturing Covid-19 vaccines.

After its successful&nbsp;journey from oil to the&nbsp;internet&nbsp;to retail, India's biggest conglomerate Reliance has now stepped into manufacturing Covid-19 vaccines.
As per some reports, Reliance Life Sciences' application to conduct clinical trials of its two-dose&nbsp;Covid-19 vaccine got approval from the drug&nbsp;regulator on Thursday.
Phase 1 trials are usually conducted for 58 days, and once it is over Reliance could apply for Phase 2 and 3 trials.
Currently, there are six vaccines to have received emergency use authorisation. Serum Institute&rsquo;s Covishield, Bharat Biotech's Covaxin, Russia&rsquo;s Sputnik V, Moderna&rsquo;s, Johnson &amp; Johnson&rsquo;s, and Cadila&rsquo;s that was approved last week.

Reliance Life Sciences' to conduct clinical trials of its two-dose&nbsp;Covid-19 vaccine

After its successful&nbsp;journey from oil to the&nbsp;internet&nbsp;to retail, India's biggest conglomerate Reliance has now stepped into manufacturing Covid-19 vaccines.
As per some reports, Reliance Life Sciences' application to conduct clinical trials of its two-dose&nbsp;<a href="https://www.editorji.com/story/explained-should-you-mix-and-match-2-different-covid-19-vaccines-1627844423681" target="_blank">Covid-19 vaccine</a> got approval from the drug&nbsp;regulator on Thursday.
Phase 1 trials are usually conducted for 58 days, and once it is over <a href="https://www.editorji.com/story/jio-phone-next-pre-bookings-to-start-next-week-reports-1630047440915" target="_blank">Reliance</a> could apply for Phase 2 and 3 trials.
Currently, there are six vaccines to have received emergency use authorisation. Serum Institute&rsquo;s Covishield, Bharat Biotech's Covaxin, Russia&rsquo;s Sputnik V, Moderna&rsquo;s, Johnson &amp; Johnson&rsquo;s, and Cadila&rsquo;s that was approved last week.
Also Watch:&nbsp;<a href="https://www.editorji.com/story/meet-zycov-d-the-world-s-first-dna-covid-19-vaccine-everything-you-need-to-know-about-the-new-vaccine-1629658709134" target="_blank">Meet ZyCoV-D:&nbsp;The world&rsquo;s first DNA&nbsp;Covid-19&nbsp;vaccine; everything you need to know about the new vaccine</a>

Mukesh Ambani's Reliance Industries is in talks to sell 20% stake in oil-to-chemical segment to oil giant Aramco&nbsp;for $ 25 billion dollars as per Bloomberg. Reports indicate that&nbsp;Aramco&nbsp;is said to be in talks for all-stock deal for a stake in&nbsp; Reliance unit stake.As per reports an agreement could be reached in the coming weeks.&nbsp;On the occasion of Reliance&rsquo;s 44th Annual General Meeting (AGM) on June 24, RIL board had approved the appointment of Yasir O. Al-Rumayyan, as an additional director of the company, designated as an independent directorIn 2019, Reliance announced the sale of a 20% stake to Saudi Aramco, the world's top oil exporting company. But the deal could not progress in 2020 after the oil price crash and demand destruction caused by the pandemic, which saw Aramco tighten its belt.&nbsp;

Reliance stock soars on reports of $ 25 billion Aramco Deal

It's finally here! Reliance stock soars on reports of $25 billion Aramco Deal to be announced as early as this month.&nbsp;

Reliance stock soars on reports of $25 billion Aramco Deal

In 2019, Reliance announced the sale of a 20% stake to Saudi Aramco, the world's top oil exporting company

Mukesh Ambani's Reliance Industries is in talks to sell 20% stake in it's oil-to-chemical segment to oil giant Aramco&nbsp;for $ 25 billion as per Bloomberg. Reports indicate that&nbsp;Aramco&nbsp;is said to be in talks for all-stock deal for a stake in Reliance's unit stake.As per reports an agreement could be reached in the coming weeks.&nbsp;
Also watch:&nbsp;<a href="https://www.edtr.ai/9nev" target="_blank">Aramco chief steps into Reliance board</a> On the occasion of Reliance&rsquo;s 44th Annual General Meeting (AGM) on June 24, RIL board had approved the appointment of&nbsp;Saudi Aramco chairman&nbsp;Yasir O. Al-Rumayyan, as an additional director of the company, designated as an independent director In 2019, Reliance announced the sale of a 20% stake to Saudi Aramco, the world's top oil exporting company. But the deal could not progress in 2020 after the oil price crash and demand destruction caused by the pandemic, which saw Aramco tighten its belt.&nbsp;

In a big bet towards a green future&nbsp;Mukesh Ambani&rsquo;s Reliance New Energy Solar Ltd will invest $50 million in Ambri Inc, a renewable energy storage company in the United States.&nbsp;Reliance New Energy Solar will also form an exclusive collaboration with Ambri to set up a largescale battery manufacturing facility in India, which could add scale and further bring down costs for Reliance's green energy initiative.Reliance Industries&nbsp;chairman Mukesh Ambani&nbsp;in June had announced plans to build a Giga Factory in Jamnagar for the storage of intermittent energy, as part of the Dhirubhai Ambani Green Energy Giga Complex project.

Mukesh Ambani's big solar bet, Reliance invests in new energy storage firm to make batteries as well

Moving ahead on the green promise given to shareholders in June,&nbsp;Mukesh Ambani&nbsp;has made a&nbsp;big solar bet as Reliance invests in battery making and solar storage firm.&nbsp;

Reliance Go Green

Mukesh Ambani&rsquo;s Reliance New Energy Solar Ltd will invest $50 million in Ambri Inc, a renewable energy storage company in the United State.

In a big bet towards a green future&nbsp;Mukesh Ambani&rsquo;s Reliance New Energy Solar Ltd will invest $50 million in Ambri Inc, a <a href="https://www.editorji.com/story/facebook-signs-renewable-energy-deal-in-india-1618552386333" target="_blank">renewable energy</a> storage company in the United States.&nbsp; Reliance New Energy Solar will also form an exclusive collaboration with Ambri to set up a largescale battery manufacturing facility in India, which could add scale and further bring down costs for Reliance's green energy initiative. Reliance Industries&nbsp;chairman <a href="https://www.editorji.com/story/mukesh-ambani-dials-in-reliance-likely-to-acquire-just-dial-reports-1626316613464" target="_blank">Mukesh Ambani</a>&nbsp;in June had announced plans to build a Giga Factory in Jamnagar for the storage of intermittent energy, as part of the Dhirubhai Ambani Green Energy Giga Complex project.

India's richest man Mukesh&nbsp;Ambani wants a bite out of the world's largest singlebrand&nbsp;restaurant chain, Subway Inc. As per reports Reliance is looking to acquire the Indian Franchise of Subway for close to $250 million.&nbsp;ET reports quoting undisclosed sources that Reliance is in conversation with PE investors to take over the 600+ Subway stores across India and is willing to pay nearly Rs 1500 cr for it.&nbsp;
Ambani&nbsp;will face off market leader Domino's&nbsp;in the&nbsp;quick service restaurant (QSR) segment who maintains the giant lead of 21% market share followed by 11% held by McDonald's in India.&nbsp;

Mukesh Ambani wants a Subway bite! Reliance Retail looking to acquire Indian franchise

Mukesh Ambani wants a Subway bite! Reliance Retail looking to acquire Indian franchise. Set to face-off with Domino's and McDonalds.&nbsp;

Mukesh Ambani has a personalised Subway order ready. 

Reports indicate that Reliance in talks to acquire&nbsp;&nbsp;US-headquartered sandwich maker's Indian franchise.

India's richest man Mukesh&nbsp;Ambani wants a bite out of the world's largest singlebrand&nbsp;restaurant chain, Subway Inc. As per reports Reliance is looking to acquire the Indian Franchise of Subway for close to $250 million.&nbsp; ET reports quoting undisclosed sources that Reliance is in conversation with PE investors to take over the 600+ Subway stores across India and is willing to pay nearly Rs 1500 cr for it.&nbsp;
Ambani&nbsp;will face off market leader Domino's&nbsp;in the&nbsp;quick service restaurant (QSR) segment who maintains the giant lead of 21% market share followed by 11% held by McDonald's in India.&nbsp;

India Inc is gearing to get back to work as large corporations look at completion of vaccination drive. Mukesh Ambani&nbsp;backed Reliance stated that more than 98% of its 2.36 lakh employees have received at least one dose against Covid-19.&nbsp;Tech giant Infosys&nbsp;that is looking for employees to return to work from offices soon has inoculated only 59% of it's workforce while peer TCS&nbsp;has covered over 70% of it's much larger employee base.&nbsp;Read/Watch Also: End of WFH era as tech titans call back employeesIndia's largest company by market value Reliance is looking at beyond just it's own employees.&nbsp;Reliance Foundation and Reliance Foundation Hospital have begun free vaccination for underprivileged communities, wherein additional 10 lakh doses will be administered under the 'We Care Initiative', they said.
Read/Watch Also:&nbsp;

Reliance takes the vaccination lead, 98% employees vaccinated

Dose of good news: Reliance takes the vaccination lead, 98% employees vaccinated

India Inc's Vaccination Drive

Reliance Foundation administers over 10 lakh COVID vaccine doses to RIL employees, family members

India Inc is gearing to get back to work as large corporations look at completion of vaccination drive. Mukesh Ambani&nbsp;backed Reliance stated that more than 98% of its 2.36 lakh employees have received at least one dose against Covid-19.&nbsp; For tech giant Infosys&nbsp;who&nbsp;is looking for employees to return to work has inoculated only 59% of it's workforce while peer TCS&nbsp;has covered over 70% of it's much larger employee base.&nbsp; Read/Watch Also: <a href="https://www.edtr.ai/9xzd">End of WFH era as tech titans call back employees</a> India's largest company by market value Reliance is looking at beyond just it's own employees.&nbsp;Reliance Foundation and Reliance Foundation Hospital have begun free vaccination for underprivileged communities, wherein additional 10 lakh doses will be administered under the 'We Care Initiative', they said.

mukesh ambani

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