Monday, April 12, 2021
ADVT 
India

India's Mukesh Ambani 9th Richest In The World: Forbes

Darpan News Desk IANS, 29 Nov, 2019

    Reliance Industries Chairman Mukesh Ambani is the ninth richest person in the world, according to 'The Real-Time Billionaires List' of Forbes.


    The RIL Chairman was ranked 13th globally in the Forbes' 2019 rich list, released earlier this year. His rise can be attributed to RIL surpassing the Rs 10 lakh crore market capitalisation mark, becoming the first Indian company to do so on Thursday.


    According to the Forbes 'The Real-Time Billionaires List', RIL Chairman's 'Real Time Net Worth' stood at $60.8 billion on Thursday.


    The list was headed by Jeff Bezos, CEO and Founder of Amazon, with 'Real Time Net Worth' of $113 billion on Thursday. The list "reflects changes since 5 p.m. EST of prior trading day," Forbes said on its website.


    On Thursday, RIL shares hit the 52-week high of Rs 1,581.25 on the BSE, rising 0.64 per cent. While RIL gained nearly 40 per cent during the last year, the Nifty50 index advanced over 13 per cent.


    Reliance is followed by TCS as the second most valued firm. HDFC Bank, Hindustan Uniliver and HDFC were the others.


    Among RIL's big ticket announcements was its aims to be net debt-free by the end of FY20. The company also announced selling of 20 per cent stake in refining and petrochemical business to Saudi Aramco.


    RIL recently announced plans to set up a wholly-owned subsidiary called 'Jio Platforms Limited' (JPL) for all its digital platform initiatives. It will infuse Rs 1.08 trillion more equity into JPL, which will invest that amount in Jio. RIL's current equity investment is Rs 650 billion in Jio.


    Apart from RIL's core business, brokerages said RIL's presence across fashion, lifestyle and consumer electronics is far higher than any other player in the domestic market now.

    MORE India ARTICLES

    Telangana Girl Raped, Murdered By Friend On Her Birthday

    Telangana Girl Raped, Murdered By Friend On Her Birthday

    A 19-year-old girl, celebrating her birthday, was raped and murdered by her friend in Telangana's Warangal Urban district on Wednesday, police said on Thursday.

     

    Telangana Girl Raped, Murdered By Friend On Her Birthday

    'I Will Kill Myself': Indian TikTok Star Over Fake Obscene Video Being Circulated

    Speaking to IANS, Singh said, "The accused is behind bars and is being interrogated."

     

     

    'I Will Kill Myself': Indian TikTok Star Over Fake Obscene Video Being Circulated

    [VIDEO] Rajasthan Government Teacher Suspended For Doing 'Naagin Dance' After Performance Went Viral

    A government school teacher was suspended for dancing to the tunes of 'Naagin dance'. 

    [VIDEO] Rajasthan Government Teacher Suspended For Doing 'Naagin Dance' After Performance Went Viral

    Shabnam Dhillion, Wife Of Radha Soami Satsang Beas Chief Gurinder Dhillon, Passes Away In London

    Radha Soami Satsang Beas Dera chief Gurinder Singh Dhillon’s wife passed away in a hospital in England early Wednesday morning.

     

     

    Shabnam Dhillion, Wife Of Radha Soami Satsang Beas Chief Gurinder Dhillon, Passes Away In London

    Cost-Cutting: PM Modi Avoids Hotels, Stays At Airports In Foreign Transit

    Cost-Cutting: PM Modi Avoids Hotels, Stays At Airports In Foreign Transit

    For Prime Minister Narendra Modi, cost cutting seems to be his topmost personal priority.

    Cost-Cutting: PM Modi Avoids Hotels, Stays At Airports In Foreign Transit

    Transferred 53 Times, IAS Officer Ashok Khemka Says Reward For Honesty Is Humiliation

    Senior IAS officer Ashok Khemka, who has been transferred over 50 times, on Wednesday said the "reward for honesty is humiliation" as the Haryana government issued transfer order for 14 IAS officers, including him.

    Transferred 53 Times, IAS Officer Ashok Khemka Says Reward For Honesty Is Humiliation

    PrevNext