Softbank investing in Jio as Mukesh Ambani deleverages business

NEW DELHI: Japan’s Softbank is reportedly looking to make a $ 2-3 billion investment in India’s fastest-growing telecom firm Reliance Jio as billionaire Mukesh Ambani looks to deleverage business by selling stakes. This comes on the back of reports of Saudi giant Aramco in discussions to buy a 25 per cent stake in Reliance Industries’ refining and […]

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Mukesh Ambani backs demonetisation, says will enhance credit flow

Mukesh Ambani says with demonetisation move the government has been brought all unproductive money into productive use. Photo: Mint Mumbai: India’s richest tycoon Mukesh Ambani on Thursday threw his weight behind Prime Minister Narendra Modi’s demonetisation move, saying in a single stroke all unproductive money has been brought into productive use. Announcing extension of free […]

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