Trends - Mukesh Ambani - Business Recorder

Business & Finance

Vodafone Idea shares slump 24% as billionaire Birla exits

Vodafone has bled subscribers in recent years as it struggled to compete with Bharti Airtel and Mukesh Ambani-controlled Reliance Jio

Published 05 Aug, 2021 12:04pm

Technology

MUMBAI: Woes are deepening for Vodafone’s India unit as it seeks more time to pay mobile network fees levied by ...

Published 04 Jul, 2021 03:41am

Markets

MUMBAI: Indian oil-to-telecom giant Reliance Industries unveiled plans Thursday to invest $10 billion in renewable...

Published 28 Jun, 2021 04:38am

Markets

Published 25 Jun, 2021 10:10am

Business & Finance

The oil-to-telecoms conglomerate, led by billionaire Mukesh Ambani, said on Friday consolidated profit climbed to 132.27 billion rupees ($1.79 billion) in the fourth quarter, from 63.48 billion rupees a year earlier. Analysts on average had expected a profit of 134.91 billion rupees, according to Refinitiv data.
Overall, revenue edged up 11% to 1.55 trillion rupees.

Published 30 Apr, 2021 08:23pm

Business & Finance

Products like Snac tac noodles and Yeah! colas are Reliance’s private label brands - and billionaire Ambani’s not-so-secret weapons as he sets his sights on dominating a grocery market that’s already worth a cool $608 billion and set to grow more than 20% by 2024, according to Forrester Research.

Published 22 Mar, 2021 02:41pm

Business & Finance

Jio picked up a total of 488.35 megahertz (Mhz) in frequency bands of 800 Mhz, 1800 Mhz and 2300 Mhz, India's telecoms secretary Anshu Prakash told reporters.
The top three Indian wireless carriers - Jio, Bharti Airtel and Vodafone Idea - together bought airwaves worth 778.15 billion rupees ($10.60 billion) at the close of the two-day auction, Prakash said.

Published 02 Mar, 2021 09:10pm

Business & Finance

Amazon is locked in a battle for dominance with Walmart-backed Flipkart and Reliance as well as thousands of local traders who have accused the US firm of driving them out of business.

Published 16 Feb, 2021 06:56pm

Business & Finance

In 2017 Reliance sold a shale oil and gas block in the Marcellus shale in northeastern and central Pennsylvania for $126 million.

Published 04 Feb, 2021 10:31am

Business & Finance

Unlike Vodafone, which also won its case, the oil and gas explorer can afford to play hardball because it is no longer invested in the country.

Published 01 Feb, 2021 11:55am

World

The 66-year-old Zhong is currently ranked the 8th richest man in the world, according to a real-time index from Forbes, ahead of former Google head Larry Page and India's Mukesh Ambani.

Published 15 Jan, 2021 10:48am

Business & Finance

In October, Amazon had won an injunction to halt Future's deal with Reliance from a Singapore arbitrator both sides had agreed to use in case of disputes.

Published 21 Dec, 2020 11:05am