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MUMBAI: Reliance Industries Ltd (RIL) has started carving out its new oil-to-chemicals (O2C) operation into an independent unit with a US$25bil loan from the parent, as billionaire Mukesh Ambani steps up efforts to unlock the value of his businesses.
Elon Musk drops from top spot, becoming world's second richest after Jeff Bezos, after Tesla stocks slid, wiping RM61.44bil from his net worth.
While India's version of WhatsApp, Hike, failed, its founder is moving forward with a new social media site.
NEW DELHI (Reuters) - It was early 2019, and senior Amazon.com Inc executive Jay Carney was preparing for an important meeting. The former press secretary to U.S. President Barack Obama, Carney was scheduled to talk with India's ambassador to the United States in Washington, D.C. In Delhi, the Indian government had just announced foreign direct investment regulations that threatened to disrupt Amazon's business in the world's second most populous country.
NEW DELHI (Reuters) - Amazon.com Inc took its legal challenge against partner Future Group's $3.4 billion retail assets sale to India's Supreme Court on Thursday, as the U.S. firm tries to stop a major rival buying the assets.
NEW DELHI (Reuters) - Amazon.com Inc's bid to stall Future Group's $3.4 billion retail assets sale is similar to Alexander the Great's "ruthless ambition to scorch the earth", the Indian group's CEO Kishore Biyani said in an internal staff memo seen by Reuters.
Pony Ma overtakes Pinduoduo’s Colin Huang and Alibaba’s Jack Ma as the second-wealthiest person in China with a net worth of US$75bil. Tencent edged closer to joining the exclusive US$1 trillion club after Monday stock surge.
MUMBAI: Indian billionaire Mukesh Ambani has doubled down on his promise to offer 5G services on his wireless network as early as this year, as his conglomerate Reliance Industries Ltd reported a record profit aided by its consumer businesses.
Reliance Industries Ltd’s digital unit has begun advanced tests to prepare for the roll out of fifth-generation telecom services as the conglomerate doubles down to keep its billionaire-owner Mukesh Ambani’s pledge of offering the high-speed network this year.