Monthly Archives: September 2020

Mukesh Ambani Now World’s 4th-Richest & Anil Ambani from 6th richest in world to ‘zero net worth’

The chairman, Mukesh Ambani of Reliance Industries Limited, surged past Europe’s wealthiest man, making him the world’s fourth-richest person. Reliance Industries Ltd.’s chairman Mukesh Ambani is now worth $80.6 billion, after amassing $22 billion this year, according to the Bloomberg Billionaires Index. That gives him a bigger wealth pile than...

The rise and fall of Kishore Biyani and how Ambani’s Reliance buys stake in Future Group for Rs 24713 cr

Kishore Biyani’s debt woes, years in the making, were exacerbated by India’s recent lockdown that left several non-essential businesses shut for weeks, further straining the company’s liquidity position. India’s retail maverick, Kishore Biyani, on recentlyvgave up his sprawling, over three-decade-old retail empire to rival Mukesh Ambani-led Reliance Retail. Reliance Retail...