Discover and read the best of Twitter Threads about #MukeshAmbani
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Acquired by Mukesh Ambani in a hostile takeover, #Milkbasket is growing on steroids 🚀🚀
It’s growing in cities where no competition has reached yet, & that too without much upfront investment!
Here’s how 👇
It’s growing in cities where no competition has reached yet, & that too without much upfront investment!
Here’s how 👇
Founded in ’15, Milkbasket (MB) raised ~$40 million in its lifetime 💰💰
🔆 It would let people order till midnight & then deliver by 7am
🔆 By 2021, having grown to scale, it had burnt a lot of funds. Thus, the company was exploring sale to BigBasket, Swiggy or Amazon
🔆 It would let people order till midnight & then deliver by 7am
🔆 By 2021, having grown to scale, it had burnt a lot of funds. Thus, the company was exploring sale to BigBasket, Swiggy or Amazon
This was when Reliance Retail swung into action:
🔆 It got Vani Kola’s Kalaari Capital to sell its entire 15.26% stake to Mahendra Nahata at mere Rs 400cr valuation!
🔆 As Nahata a Director on Reliance Jio Infocomm’s board, it was clear who the real buyer was
🔆 It got Vani Kola’s Kalaari Capital to sell its entire 15.26% stake to Mahendra Nahata at mere Rs 400cr valuation!
🔆 As Nahata a Director on Reliance Jio Infocomm’s board, it was clear who the real buyer was
Mukesh Ambani’s AJIO Luxe is such an unbelievable growth machine! 🚀🚀
But, most people don’t know that Luxe & @AJIOLife are two separate platforms.
Here is all there is to know 👇
But, most people don’t know that Luxe & @AJIOLife are two separate platforms.
Here is all there is to know 👇
AJIO was launched in FY17, and it grew at a decent pace until Covid happened.
It saw:
⚡ 4x growth in revenues
⚡ 3.5x growth in web visits
⚡ 6x growth in no. of brands
⚡ 4.6x growth in no. of products
It was promising.
It saw:
⚡ 4x growth in revenues
⚡ 3.5x growth in web visits
⚡ 6x growth in no. of brands
⚡ 4.6x growth in no. of products
It was promising.
Most importantly, it threw out some strategic pointers:
💡 AJIO recorded >70% of orders from Tier-3 & beyond
💡 It carried the image of a bargain-hunter’s paradise
💡 It hadn’t been able to crack Tier-1 & Metros as well
💡 AJIO recorded >70% of orders from Tier-3 & beyond
💡 It carried the image of a bargain-hunter’s paradise
💡 It hadn’t been able to crack Tier-1 & Metros as well
🚨📈 Is history repeating itself? In 2016, @reliancejio took the telecom market by storm by offering free data, calls, and messages. And now, they're making a big splash in the OTT market with a strategic move to stream the IPL for free on Jio Cinema! 🏏
@JioCinema Cinema has acquired the IPL streaming rights for a whopping 23,758 Crores over 5 years and will stream it completely for FREE! 🤯 But that's not all, there's more to this story! Let's dive in. #IPL2023 #JioCinema
Jio Cinema has been struggling to capture the OTT space for a while now, competing with giants like Netflix, Hotstar, and Amazon Prime in India. But by streaming IPL for free in 12 languages with 4K streaming, Multicam + Free Jio 5G.
This is an interesting perspective on the #AdaniSyndrome Don't miss.
#cocacola entered India, taking over 11 other Indian soft drink brands, the rest being taken over by Pepsi!
No objection! No shouting
#AMAZON hasn't left out any city!
No resistance! No shouting!
🧵
#cocacola entered India, taking over 11 other Indian soft drink brands, the rest being taken over by Pepsi!
No objection! No shouting
#AMAZON hasn't left out any city!
No resistance! No shouting!
🧵
#5GLaunch | Prime Minister #NarendraModi is set to launch the #5G telephonic services, ushering in an era of ultra high-speed internet on mobile phones.
Follow live updates here:
trib.al/TKS90FE
Follow live updates here:
trib.al/TKS90FE
#5GIndia | #5G will be launched by #PMModi in select cities on October 1 and it will progressively cover the entire country over the next couple of years, according to an official release.
Click the link for live updates: thehindu.com/news/national/…
Click the link for live updates: thehindu.com/news/national/…
Why Mukesh Ambani is dividing the Reliance empire again?
A thread 🧵 - 1/16
#Reliance #MukeshAmbani #jio #RelianceRetail
A thread 🧵 - 1/16
#Reliance #MukeshAmbani #jio #RelianceRetail
It took Dhirubhai Ambani and the Ambani family 40 years to make Reliance the biggest private company in India. Just 1 year after his death, the biggest business in India was divided among the next generation of the Ambani family.
2/16
2/16
Dhirubhai Ambani did not leave behind a will and proper succession plan for Reliance. It was probably an error of Dhirubhai which led to this division.
3/16
3/16
Akash Ambani appointed chairman as #MukeshAmbani steps down 🪜
Planned succession move or impulsive decision?
A thread🧵
Planned succession move or impulsive decision?
A thread🧵
Akash Ambani has been appointed as the chairman of the board at #RelianceJio, following the resignation of Mukesh Ambani, signalling a transition in leadership 🫡
According to report, Isha Ambani is also set to become the chairman of the #Reliance conglomerate’s retail unit 🛒
According to report, Isha Ambani is also set to become the chairman of the #Reliance conglomerate’s retail unit 🛒
Succession plan?
Mukesh Ambani has studied the ways in which billionaire families pass on the baton to the next generation 🔑
He is finally taking the steps necessary to bring new and fresh perspectives into India’s largest conglomerate 🇮🇳
Mukesh Ambani has studied the ways in which billionaire families pass on the baton to the next generation 🔑
He is finally taking the steps necessary to bring new and fresh perspectives into India’s largest conglomerate 🇮🇳
#SupremeCourt to hear Centre's plea against Tripura High Court orders in a PIL last week that sought an original record of the threat perception to #Ambanis in a sealed cover.
#ambani #MukeshAmbani #security
#ambani #MukeshAmbani #security
Centre argued that the PIL before the HC was filed by an individual who had no locus in the matter and was just a "meddlesome interloper"; and that neither were the Ambanis residents of Tripura, nor did any cause of action in matter arise in the State.
barandbench.com/news/litigatio…
barandbench.com/news/litigatio…
Hearing starts.
Bench: What happened yesterday Mr Mehta?
SG: Bench was not available. Next date we will be getting. This individual in his PIL's prayers restricts it to security of one family. Individual from tripura has no relation.
Order: Issue notice.
Bench: What happened yesterday Mr Mehta?
SG: Bench was not available. Next date we will be getting. This individual in his PIL's prayers restricts it to security of one family. Individual from tripura has no relation.
Order: Issue notice.
#MukeshAmbani steps down as director of #RelianceJio, Akash Ambani appointed chairman
businessinsider.in/business/corpo…
By @jainrounak
businessinsider.in/business/corpo…
By @jainrounak
#MukeshAmbani has resigned as the director of #RelianceJio effective June 27, and appointed his eldest son #AkashAmbani as the chairman of the board. The elevation of the Brown university-graduate has been speculated for a long time.
Akash has been a part of multiple announcements associated with the company like the launch of #RelianceJio in 2016. The 30-year-old is known to have played a pivotal role in the important deal between the telco and tech major Facebook.
#MukeshAmbani
businessinsider.in/business/news/…
#MukeshAmbani
businessinsider.in/business/news/…
Here are my thread of threads on #Investing
Please go thru at your leisure & Pls go thru again n again if you find it useful. Reading few things often helps controlling the urge to react in panic or euphoria.
Utilize the weekend to read it complete.
RETWEET for wider reach
Please go thru at your leisure & Pls go thru again n again if you find it useful. Reading few things often helps controlling the urge to react in panic or euphoria.
Utilize the weekend to read it complete.
RETWEET for wider reach
Important Thread on my Investing Experiences, Mistakes, Lessons....
#InvestingLessons #LifeLessons #Learning #experience
#InvestingLessons #LifeLessons #Learning #experience
India’s richest billionaires are fast catching up while #ElonMusk struggles for satellite broadband licence
#MukeshAmbani #RelianceJio
businessinsider.in/business/telec…
By @jainrounak
#MukeshAmbani #RelianceJio
businessinsider.in/business/telec…
By @jainrounak
@jainrounak Elon Musk’s #Starlink has also been trying to enter the Indian market but was asked to refund the pre-orders that it had accepted as the company has not secured a license to operate in the second largest telecom market in the world.
#ElonMusk
#ElonMusk
@jainrounak In the meantime, India’s biggest billionaires like Mukesh Ambani and Sunil Mittal have found their respective partners to launch their own satellite broadband services.
#ElonMusk #Starlink
#ElonMusk #Starlink
The next big thing to watchout in #Reliance is its foraying into financial services
Let's deep dive into it 🧵🧵
#relianceretail #jio #Reliancejio #MukeshAmbani #investing
Let's deep dive into it 🧵🧵
#relianceretail #jio #Reliancejio #MukeshAmbani #investing
Reliance has multiple financial services entity but most notable are :
Jio Payments Banks
Reliance Retail Finance
Jio Information Solutions
Jio Payments Banks
Reliance Retail Finance
Jio Information Solutions
Jio payments bank can be used to convert into Small Finance Bank which can be further used for lending business
bloombergquint.com/business/payme…
bloombergquint.com/business/payme…
Here are my thread of threads on #Investing....
Please go thru at your leisure & Pls go thru again n again if you find it useful. Reading few things often helps controlling the urge to react in panic or euphoria.
Utilize the weekend to read it complete.
Retweet for wider reach
Please go thru at your leisure & Pls go thru again n again if you find it useful. Reading few things often helps controlling the urge to react in panic or euphoria.
Utilize the weekend to read it complete.
Retweet for wider reach
In 2016, Reliance launched Jio, now Jio is the largest mobile network operator.
Jio has not just changed the fortune of Reliance it has changed the whole digital ecosystem in India.
The smartphone penetration rate was 24% in 2016, which is now 44%.
Jio has not just changed the fortune of Reliance it has changed the whole digital ecosystem in India.
The smartphone penetration rate was 24% in 2016, which is now 44%.
It has changed multiple industries like media and entertainment, eCommerce, financial services, education, healthcare, and agriculture.
#Jio #MukeshAmbani
#Jio #MukeshAmbani
Now, Mukesh Ambani announced an Rs. 75,000 crore investment in the #cleanenergy business. Reliance will build solar manufacturing units, a battery factory for energy storage, a fuel cell-making factory, and an electrolyzer unit to produce green hydrogen as a part of the business.
At its 44th Annual General Meeting, Reliance has announced the "most affordable" 4G smartphone, called the JioPhone Next. It has been developed in association with Google and will be up for grabs in India from September 10 onwards. #JioPhoneNext
newsbytesapp.com/news/science/r…
newsbytesapp.com/news/science/r…
The handset offers features such as language translation, a camera with augmented reality filters, and automatic read-aloud of text on the screen. It also comes pre-loaded with a voice assistant and offers support for regular Android updates. #RelianceIndustries
"JioPhone Next is powered by an extremely optimized version of the Android operating system that has been jointly developed by Jio and Google, especially for the Indian market," said #MukeshAmbani, Chairperson of Reliance Industries.
Reliance Industries Chairman #MukeshAmbani at their 44th Annual General Meeting
Reliance Industries Ltd Chairman #MukeshAmbani says expect to formalise partnership with Saudi Aramco this year
"JioPhone Next is a fully featured smartphone supporting the entire suite of applications from both Google and Jio": Reliance Industries Chairman #MukeshAmbani at their 44th Annual General Meeting
Recently #SunilMittal of #Airtel was ruing the possibility that India may end up with just 2 mobile operators from a dozen earlier. Forget the govt scam, he needs to remember that each of them contributed to this situation with idiotic policies. Let me share for his education.
In the beginning we customers could connect to whichever operator had good network in a place by paying a higher roaming/interconnection charge. This meant that everybody did not have to invest in infra everywhere & instead could have invested the money to expand coverage, speed
connectivity etc. But no they stopped that & if they had a poor infra in a place they invested money duplicating infra. Then they personally invested in these infra & rented them to their own companies & they individually got richer & RICHER while the company's became poorer.
.
#WhatCongressHates and why I want #CongressMukTBharat 3/n
.
@myogiadityanath @CMOfficeUP
because of the colour of his clothes and because he headed a #Hindu temple trust
.
#WhatCongressHates and why I want #CongressMukTBharat 3/n
.
@myogiadityanath @CMOfficeUP
because of the colour of his clothes and because he headed a #Hindu temple trust
.
SEBI imposes Rs 25 crore penalty on Mukesh, Anil Ambani and ors for violation of Takeover Regulations
[READ ORDER]
#MukeshAmbani #SEBI #Ambani
barandbench.com/news/litigatio…
[READ ORDER]
#MukeshAmbani #SEBI #Ambani
barandbench.com/news/litigatio…
The cases goes back to 2000 and concerns alleged irregularities relating to the issue of 12 crore equity shares in January 2000 by Reliance Industries Limited (RIL) at a price of Rs. 75 per share to 38 allottee entities.
As per Regulation 11(1) of Takeover Regulations, RIL was obligated not to make additional acquisition of more than 5% of voting rights in any financial year unless it made a public announcement to acquire shares.
#SachinWaze custody with #NIA extended till April 9, 2021 in the case concerning explosive loaded SUV found outside #MukeshAmbani’s residence #antilia.
@NIA_India
@NIA_India
The co-accused Vinayak Shinde and Naresh Gor remanded to judicial custody in the #AntiliaCase till April 21.
@NIA_India
@NIA_India
The Court has also directed #NIA to “give Waze medical aid and submit the report on April 9” in the application seeking medical attention for his supposedly critical heart condition.
1. For decades #MumbaiPolice & politicians ran protection rackets 4 mafia dons including Dawood.
VOHRA COMMITTEE REPORT DOCUMENTED THIS. Never released in full.
Now Mafia Dons propped up by #PakISI have become PROTECTORS of Mumbai cops & political dons #VazegateDebate @republic
VOHRA COMMITTEE REPORT DOCUMENTED THIS. Never released in full.
Now Mafia Dons propped up by #PakISI have become PROTECTORS of Mumbai cops & political dons #VazegateDebate @republic
2. In recent years,#PakISI started dictating even political agenda
Hence SharadPawar & ParambirSingh’s involvement in Hindu Terror #FakeNarrative, incarceration of Col Purohit, Sadhvi Pragya & others.
Getting more brazen: Now targeting #MukeshAmbani at China's behest
#VazeGate
Hence SharadPawar & ParambirSingh’s involvement in Hindu Terror #FakeNarrative, incarceration of Col Purohit, Sadhvi Pragya & others.
Getting more brazen: Now targeting #MukeshAmbani at China's behest
#VazeGate
3.Shiv Sena from very start has been #HaftaVasooli Goonda Party set up by Congress to:
Smash Mumbai trade unions;
To counter growing might of Shetkari Sangathana led farmers movement;
Congress gave them liquor shop licenses to help them spread to villages.
#VazeGate @republic
Smash Mumbai trade unions;
To counter growing might of Shetkari Sangathana led farmers movement;
Congress gave them liquor shop licenses to help them spread to villages.
#VazeGate @republic
Stunning allegation!!! Former Mumbai police commissioner Parambir Singh shoots off a letter to CM @OfficeofUT. Alleges #SachinVaze collected money for Anil Deshmukh. Tasked to collect Rs 100 Cr per month. Breaking on @IndiaToday. Does #ParambirSingh a serving top cop have proof?
@IndiaToday's @mustafashk accesses #ParambirSingh's letter. It has a virtual guidebook for collection of 100 crore a month. 1750 bars, restaurants and other establishments in Mumbai. Collect Rs 2 to 3 lakh from each. Rs 40 to 50 crore monthly achievable. Top focus @IndiaToday
And @Dev_Fadnavis demands @AnilDeshmukhNCP's resignation. Says @OfficeofUT should remove him. Have either central probe or court monitored probe. Allegations made by senior serving police officer apparently with evidence. And says CM was informed by #ParambirSingh. On @IndiaToday
💸 India has the third largest number of #billionaires in the world.
💸 The rich have also been spending in CSR activities and philanthropy.
💸 Here’s a look at India’s richest people and the sectors they donated in, as per the Hurun India Wealth Report 2020.
@HurunReportInd
💸 The rich have also been spending in CSR activities and philanthropy.
💸 Here’s a look at India’s richest people and the sectors they donated in, as per the Hurun India Wealth Report 2020.
@HurunReportInd
👉 Azim Premji
@Wipro founder's contribution to philanthropy is not unknown. Premji is the top donor in education and environmental sustainability giving away ₹7,867 crore and ₹35 crore respectively.
@HurunReportInd
@Wipro founder's contribution to philanthropy is not unknown. Premji is the top donor in education and environmental sustainability giving away ₹7,867 crore and ₹35 crore respectively.
@HurunReportInd
Sachin Vaze the controversial police officer of Mumbai Police has been arrested by @NIA_India #MansukhHiren #AntiliaCase
@NIA_India officials are recording statements of API #SachinVaze of Mumbai Police in connection with the suspicious death of businessman #MansukhHiren . #AntiliaCase
There is no terror angle in #AntiliaCase . Investigation carried out so far has found that the message by Jaish ul Hind was just to garner eye balls. This was just a ploy to divert attention. @NIA_India has arrested API #SachinVaze on many counts in this case.
