Mukesh Ambani, India’s richest man and chairman of conglomerate Reliance Industries, pictured below, is a fan of making bold statements. Last year, he even seemed to catch Saudi Aramco by surprise, revealing that the kingdom’s company planned to take a 20 per cent stake in his oil refining business. Facebook, confirming an FT scoop from last month, announced that it will invest $5.7bn for a nearly 10 per cent stake in four-year-old Jio, which has 388m users. Read More...
Mukesh Ambani, India’s richest man and chairman of conglomerate Reliance Industries, pictured below, is a fan of making bold statements. Last year, he even seemed to catch Saudi Aramco by surprise, revealing that the kingdom’s company planned to take a 20 per cent stake in his oil refining business. Facebook, confirming an FT scoop from last month, announced that it will invest $5.7bn for a nearly 10 per cent stake in four-year-old Jio, which has 388m users.
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