India's wealthiest man owns 44 percent of Reliance Industries, operator of the world's largest oil refinery complex and owner of the nation's biggest natural gas field. Through Reliance, he plans to build the country's first 4G wireless network in 700 cities. Ambani also owns Reliance Gas Transportation and a 27-story Mumbai home worth $500 million.
At least 54 million people in Asia can thank Bindeshwar Pathak when they defecate in private. If he has his way, about 600 million people in India who don’t have that luxury will join them a decade from now.
Wal-Mart Stores Inc. has opened an e-commerce website to supply goods to mom-and-pop merchants in India as the world’s largest retailer seeks to dominate a market it estimates will be valued at $50 billion by 2020.
Billionaire Mukesh Ambani’s Reliance Industries Ltd. agreed to buy the Indian partner of Viacom Inc. for 40 billion rupees ($678 million) to gain news and entertainment content for its new mobile phone company.
Billionaire Mukesh Ambani is the latest to enter the crowded Indian cellular services market, the world’s second biggest. He is spending about $11 billion to get it right with a high-speed fourth-generation network.