Eager to harness the power of digital media, India's oil-to-telecom conglomerate Reliance Industries is said to be eyeing a stake in US search giant Google-backed unicorn Glance InMobi Pte. Founded as a startup in 2019, Glance allows users to enjoy content of their choice -- all thanks to its artificial intelligence (AI)-powered personalisation. Reliance -- owned by richest Indian Mukesh Ambani -- is likely to invest around USD 300 million for a 15% stake in the Indian mobile content provider, in an ambitious deal that could be completed by October, a media report said, quoting unnamed sources. Read: India's Reliance Group to build mega chemical project in UAE Mukesh's Reliance is now India's most valuable company by market capitalisation,emerging as the biggest wealth creator in the past five years, while the industrialist's current net worth is around USD 78 billion. UNB had earlier reported about Mukesh's rumoured plans to hand over three core business areas of Reliance to his three children -- Akash, Isha and Anant -- and also about his fundraising spree to make his conglomerate debt-free. The fundraising spree was actually aimed at reducing Reliance's dependence on the flagship oil sector and instead diversifying into telecom and e-commerce. Read: India's Reliance developing a tapeworm drug to treat Covid UNB had also reported about Reliance's plans to take its telecom arm Jio public in the 2021-22 fiscal, riding on the increased digital adoption across the world, in the wake of Covid. India's internet users are likely to grow to 850 million by 2022. Jio has attracted 400 million subscribers to its network since its mega launch in 2016, despite being a late entrant to the telecom sector. By offering free voice calls and data at the world's cheapest price, it has already changed India's digital landscape.

India's richest man Mukesh Ambani-owned oil-to-telecom conglomerate Reliance Industries is working to develop a new anti-Covid formulation -- a tapeworm drug -- as the country grapples with a devastating second wave of the pandemic. Reliance has disclosed the information about the drug 'Niclosamide' as a possible cure for coronavirus in its annual report for the financial year 2020-21, filed with markets regulator, the Securities and Exchange Board of India (SEBI). India has recorded over 28 million cases to date -- second only to the US -- and is now the epicentre of the global pandemic. The country has also recorded more than 300,000 deaths, the third-highest fatality count in the world, behind the US and Brazil. Though Prime Minister Narendra Modi rolled out the world's largest Covid vaccination drive on January 16, the country is currently facing an acute shortage of jabs.  Serum Institute-produced Oxford-AstraZeneca vaccine Covishield and local company Bharat Biotech's Covaxin are currently being given to citizens. Covishield is also being used in Bangladesh's mega inoculation drives. Moreover, in view of the ongoing pandemic, Reliance has decided to pay full salaries for five years to the families of employees who succumbed to Covid-19, and put in place a liberal leave policy for the serving staff affected by coronavirus. In a statement, the conglomerate has said that under the 'Reliance Family Support and Welfare Scheme', it would fully fund tuition fees, hostel accommodation and books of all the children of the deceased employees, up to graduation. Reliance has also promised 100 percent payment of premium for hospitalisation coverage for the spouse, parents and children of those employees."Further, all colleagues affected by Covid-19 personally or within their family can avail the special Covid-19 leave for the full duration of their recovery, both physically and emotionally," according to the statement signed by Mukesh and his wife Nita. The second richest person in Asia and the 14th richest in the world, Mukesh's current net worth is around USD 78 billion. His Reliance Group is now India's most valuable company by market capitalisation. UNB had earlier reported about Mukesh's rumoured plans to hand over three core business areas of Reliance Industries to his three children -- Akash, Isha and Anant -- and also about his aggressive fundraising spree to make his conglomerate debt-free amid the pandemic. The fundraising spree was aimed at reducing Reliance's dependence on the flagship oil sector to diversify into telecom and e-commerce. Last year, Reliance raised USD 15.2 billion by selling stakes in its telecom unit Jio and another USD 7 billion through rights issue. The digital news outlet had also reported about Reliance's plans to take its telecom arm Jio public in the 2021-22 fiscal, riding on the increased digital adoption across the world, in the wake of Covid. India's internet users are likely to grow to 850 million by 2022.

India's retail industry is changing, fast. From supply chain to distribution and delivery -- the industry is rapidly remodelling itself for the digital age amid Covid. And by the end of this fiscal on April 30, the fast-paced retail industry is projected to touch USD 1.1 trillion in India, despite Covid temporarily affecting consumer spending.

India's richest man Mukesh Ambani is no more among the top 10 richest billionaires in the world, despite his oil-to-telecom conglomerate Reliance Industries emerging as the biggest wealth creator in the past five years.

The 718 MW natural gas-fired combined cycle power plant project at Meghnaghat (on the outskirts of Dhaka), country’s largest gas-based IPP, being set up by Reliance Bangladesh LNG & Power Limited has made significant progress despite the ongoing pandemic.

Richest Indian Mukesh Ambani-owned Reliance Group’s 718 MW natural gas-fired combined cycle power plant project on the outskirts of Dhaka has failed to make any significant progress in the past one year.

Rumours are doing the rounds in India that the country's richest man Mukesh Ambani may soon split his USD 200 billion business empire among his three children.

Barely three months after reporting a net debt of some USD 21 billion, India's billionaire businessman Mukesh Ambani-owned oil-to-telecom conglomerate Reliance Industries announced its debt-free status in June this year -- all thanks to an unprecedented fundraising spree that helped cheer up the country's bourses amid Covid.