Jack Ma becomes the richest billionaire in Asia

According to the Bloomberg Billionaires Index, the founder of e-commerce major Alibaba Group, Jack Ma gained the top position in Asia, replacing Reliance Industries Chairman Mukesh Ambani. Mukesh Ambani gave up $5.8 billion from his net worth due to the ..

Hurun Global Rich List 2020 released

As per the recently released ‘Hurun Global Rich List 2020’, China is home to the highest number of billionaires of the world. The report placed Amazon founder and CEO Jeff Bezos in the top rank, who possesses wealth amounting to ..

Nita Ambani elected to board of New York’s Metropolitan Museum of Art

Educationist, Philanthropist and Businesswoman Nita Ambani has been named the Honorary Trustee of New York City’s The Metropolitan Museum of Art, the largest U.S. art museum. In the museum’s 150-year of history, she is the first Indian Trustee. Her election ..

Month: Current Affairs - November, 2019

RIL becomes first Indian company to hit Rs. 9 lakh crore m-cap

Mukesh Ambani-led Oil-to-telecom major Reliance Industries (RIL) has become the first company in India to hit the market capitalisation (m-cap) of Rs.9 lakh crore. RIL was also the first company to reach Rs.8 lakh crore mark in August 2018. IT ..

Month: Current Affairs - October, 2019

Hurun India Rich List 2019: Mukesh Ambani richest Indian

Reliance Industries’ Chairman Mukesh Ambani is India’s richest man as mentioned in the IIFL Wealth-Hurun India Rich List 2019. He has topped the list of richest Indians for the 8th consecutive year. He currently has a net worth of Rs ..

Month: Current Affairs - September, 2019

What is behind RIL plans to become a zero-net debt company?

The Reliance Industries group, currently lead by Mukesh Ambani is one of the largest companies in India. This gargantuan conglomerate, which has wide-ranging interests in the hydrocarbon sector to the telecommunications space and the retail market, is looking to reduce ..