Page 37 - Mukesh Ambani

Reliance Retail posts 33% rise in Ebitda, revenue grows at 4.2% in Q4 FY20

Its revenues for FY20 grew by 24.8 per cent on a yearly basis to Rs 62,936 crore. Ebitda for FY20 grew by 56 per cent y-o-y to Rs 9,654 crore.

The Reliance game plan

The Facebook investment is a high-stakes gambit with dual possibilities

Mukesh Ambani needs to balance the ship; rights issue not very attractive

Mukesh Ambani needs to balance the ship now; RIL rights issue unattractive

RIL announces salary cuts; Mukesh Ambani to forgo entire compensation

These pay cuts would apply only to the employees in Reliance's hydrocarbon division and earning more than Rs 15 lakh a year; those earning less would not be impacted

Target zero net debt? RIL board to consider rights issue on April 30

Results, dividend, issue of shares to existing shareholders on Thursday meeting's agenda

Reliance begins using WhatsApp for grocery deliveries through JioMart

The Facebook deal will help Ambani set up a digital platform to take on Amazon and Walmart's Flipkart in an e-commerce market

Reliance Jio connects with Facebook for $5.7-billion equity deal

Investment values Jio Platforms at Rs 4.36 trn; US giant gets 9.99% stake, board seat; collaboration is non-exclusive

Best of BS Opinion: War with the virus, Jio-Facebook deal, and more

Here's a selection of Business Standard opinion pieces of the day

Facebook-Jio deal may see more foreign e-commerce firms flock to India

WhatsApp's integration into Jio's e-com platform holds the key: Experts

Jio Platforms now more valuable than rest of RIL businesses put together

At Wednesday's price, RIL's market capitalisation stood at Rs 8.64 trillion. This means, the other businesses are being valued by the Street at Rs 4.28 trillion

One-stop shop

Jio-Facebook deal would change India's digital economy

After Facebook, what other deals are in the offing for Mukesh Ambani' RIL?

Mukesh Ambani, in August 2019, had said he wanted to make RIL a zero-debt company in 18 months by selling stakes in several businesses and unlocking value in some others

Facebook to invest $5.7 bn in RIL's Jio Platforms to pick up 9.99% stake

Jio Platforms, Reliance Retail and WhatsApp also enter into a commercial partnership agreement

Facebook's $5.7 billion investment in Reliance Jio: All you need to know

With this investment, Facebook will own 9.9 per cent stake in Jio Platforms. This would be Facebook's biggest minority shareholding ever

Facebook investment paves way for RIL to become debt-free by March 2021

According to estimates by Jefferies, the deal implies a pre-money equity valuation of Rs 4,362 billion ($57 billion) for Jio Platforms Limited (JPL).

Facebook to buy 9.9% in Jio for $5.7 bn in largest tech FDI for minority stake

In a Facebook post, Mark Zuckerberg announced that the two companies are joining hands to help people and businesses in India create new opportunities

LinkedIn, Twitter list brands leading the way in fight against Covid-19

It listed five top companies whose work has resonated the most

RIL's net debt might not rise in 2020-21 despite coronavirus, says report

RIL's share price has dropped 21 per cent year-to-date, but still out-performed the market by 7 percentage points

Covid-19 impact: Mukesh Ambani's net worth drops 28% to $48 bn in 2 months

LVMH Chief executive Bernard Arnault's wealth down by 28% to $77 billion

Mukesh Ambani hails RIL staff, reiterates role in fight against COVID-19

"I firmly believe that each one of our colleagues across our businesses deserves to be honoured as 'Frontline Warriors'," Ambani said.