Ambanis

As per the Bloomberg Billionaires Index ranking of 20 richest dynasties in Asia, the Ambani family is two times wealthier than Asia’s second-richest family - the Kwoks of Hong Kong (with a net wealth of $33 billion) and three times richer than South Korea’s Lee family. In fact, the Ambanis’ fortune equal five times the net worth of Japan’s Torii and Saji family. … [Read more...] about Ambanis are two times wealthier than the second richest family in Asia: Report

In April 2019, ADIA and India’s National Investment and Infrastructure Fund (NIIF) agreed to buy a 49 percent stake in the airport unit of Indian conglomerate GVK Power & Infrastructure. It invested another $495 million in renewable energy firm Greenko Energy Holdings, which runs wind, solar and hydro projects, in 2019. ADIA was also a leading investor in Bandhan Bank’s IPO. … [Read more...] about Reliance Jio: Abu Dhabi Investment Authority new investor in Jio Platforms as RIL unit raises total of nearly Rs 1 lakh crore

The transaction is subject to regulatory and other customary approvals.Henry Kravis, Co-Founder and Co-CEO of KKR, said, “Few companies have the potential to transform a country’s digital ecosystem in the way that Jio Platforms is doing in India, and potentially worldwide. Jio Platforms is a true homegrown next generation technology leader in India that is unmatched in its ability to deliver technology solutions and services to a country that is experiencing a digital revolution. We are investing behind Jio Platforms’ impressive momentum, world-class innovation and strong leadership team, and we view this landmark investment as a strong indicator of KKR’s commitment to supporting leading technology companies in India and Asia Pacific.” … [Read more...] about Private equity firm KKR to invest Rs 11,367 crore in Reliance Jio for 2.32% stake

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time. … [Read more...] about COVID-19 pandemic | US got COVID-19 cases in December 2019, weeks before China: Study

Mukesh Ambani, chairman and managing director of Reliance Industries (RIL), said he was delighted that Mubadala, one of the most astute and transformational global growth investors, has decided to partner his company in its journey to propel India’s digital growth towards becoming a leading digyal nation in the world. “Through my longstanding ties with Abu Dhabi, I have personally seen the impact of Mubadala’s work in diversifying and globally connecting the UAE’s knowledge-based economy. We look forward to benefitting from Mubadala’s experience and insights from supporting growth journeys across the world,” he said in a statement. … [Read more...] about Abu Dhabi fund Mubadala to invest Rs 9,093 crore in Jio, 6th mega deal in 6 weeks for RIL unit