Mukesh Ambani

Reliance Jio IPO expected to launch in Indian stock market by 2025: report

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, is reportedly aiming to list the group's telecom business, Jio, in the Indian stock market next year. According to a report by Reuters, which cites two informed sources, Jio is currently valued by analysts at over USD 100 billion. The report indicates that while the IPO for Reliance Jio is in the pipeline, the launch of the retail unit's IPO is anticipated to occur "much later." Ambani has not updated the IPO timelines since ...

August 29, 2024 10:41 PM

Gautam Adani tops Hurun India Rich List with Rs 11.6 lakh crore, Mukesh Ambani follows

The Hurun India Rich List 2024, released on Tuesday, highlights notable shifts in the wealth rankings of India's top business magnates, with Gautam Adani and Mukesh Ambani leading the way. Gautam Adani, founder of the Adani Group, secured the top spot on this year’s list, surpassing Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited (RIL). Adani's wealth surged to approximately Rs 11.6 lakh crore, marking a 95% increase from the previous year. Meanwhile, Ambani and h...