Mukesh Ambani

Elon Musk could face a stiff challenge from India’s richest person Mukesh Ambani as Tesla Inc.’s (NASDAQ: TSLA) founder intensifies focus on expanding his business in the South Asian nation. What Happened: Ambani’s Reliance Industries said Sunday it has acquired a majority stake...

Bloomberg has released its list of the wealthiest families in Asia for 2020. Same Faces At The Top: According to the report, the 20 wealthiest families in Asia together have $463 billion under their control, up about $10 billion from last year. The list does not include first-...

The Indian retail segment is attracting more attention from institutional investors and big tech companies, and Washington D.C.-based private equity firm Carlyle Group Inc (NASDAQ: CG) is the latest to express interest.  What Happened: The alternative asset management company is...

Amazon.com, Inc (NASDAQ: AMZN) and Verizon Communications Inc (NYSE: VZ) are set to resume negotiations to pick up stake in India’s Vodafone Idea Ltd for more than $4 billion, local media reported Thursday. What Happened: The talks came to a halt as a ruling was expected from the Indian...

Amazon.com, Inc (NASDAQ: AMZN) is looking to pick up a 9.9% stake in Indian behemoth Reliance Industries Ltd.'s retail arm, according to a report from Indian publication ET Now on Thursday. What Happened The e-commerce company is said to be primarily interested in a "...

Reliance Industries Ltd.'s digital services arm Jio Platforms has formally launched its video conferencing app JioMeet in India. What Happened The app, which has a very similar user interface to that of Zoom Video Communications Inc. (NASDAQ: ZM), is now available across platforms, including on...