Reliance Jio and Facebook will look to use WhatsApp for delivering goods from local neighborhood Kirana stores to consumers before expanding collaboration in education and healthcare sector, billionaire Mukesh Ambani said soon after announcing the mega Rs 43,574 crore deal.
The net worth of India’s richest man Mukesh Ambani dropped 28 per cent or $300 million a day for two months to $48 billion as on March 31 due to the massive correction in stock markets. Ambani saw his wealth decline to $19 billion, taking his global ranking down eight places to 17th.
Reliance Industries’ chief Mukesh Ambani on Monday committed Rs 500 crore to the Prime Minister’s COVID-19 fund, topping up over the multi-crore initiative of India’s first coronavirus hospital, meals to the needy, and fuel to emergency vehicles. Reliance Industries has also provided a contribution of Rs 5 crore each to Maharashtra and Gujarat governments.
Social media giant Facebook is in talks to buy a 10% stake in Reliance Jio, billionaire Mukesh Ambani’s telecom and internet services venture. The US-based technology giant, which also owns Instagram and WhatsApp, was close to signing a preliminary deal but the negotiations got delayed due global travel bans due to Covid-19.
Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks. The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani’s net worth on Monday and pushed him to