Reliance Industries Ltd will be selling its 20 per cent stake in its oil to chemicals business to Saudi Aramco in one of the largest foreign investments in the country, said Mukesh Ambani during 42nd general meeting.

Jio Customers who will opt for the company's annual plan, which is also known as Jio Forever plan, will be getting a free HD/4K LED and a 4K set-top-box, said Mukesh Ambani at the general meeting.

The Reliance bought it from Hong Kong-listed C Banner International Holdings, who had acquired it in 2015 for a price tag of 100 million pounds ($130.2 million). So for obvious reasons, the current selling price should be more than that.

With this Mukesh Ambani gets on the other side of the spectrum from his brother Anil Ambani, who has been relentlessly attacked by Congress president Rahul Gandhi.

Ambanis' and their extravagant parties is not hidden to anyone. Recently, the world witnessed the fairy-like wedding ceremony of Asia's richest man Mukesh Ambani and wife Nita Ambani’s son Akash Ambani. He got married to his childhood sweetheart Shloka Mehta, daughter of diamond merchant Russell Mehta. The big fat Indian wedding was held on March 9, 2019 and till today, they are making buzz in the Internet.

Mukesh Ambani saved his younger brother Anil from imprisonment by paying money owed by him to Ericsson. The news broke at the eleventh hour of the deadline for Anil’s Reliance Communications to clear Rs 580 crore due to the Swedish equipment maker.

Industrialist Anil Ambani paid his dues to the Swedish telecom giant Ericsson one day before the Supreme Court deadline with the help of his brother and India's richest man Mukesh Ambani.

Reliance Jio Telecommunication has dismissed the allegations of Vodafone Group CEO Nick Read that it was the only beneficiary of the telecom regulator's decisions as “fake news” and blamed India unit and Bharti Airtel for “killing” the competition even before it started services in September 2016.

While this year the Mukesh Ambani-led company is gearing up for the commercial rollout of its FTTH service Jio GigaFiber, the year 2020 will see the launch of its 5G services.

E-commerce in India is all set to for a massive makeover from February 1 that is likely to put Flipkart and Amazon under high pressure to sustain in the market. As per new rules, foreign e-commerce players will not be able to provide massive discounts to the customers in India, also would not be able to sell their own brands through their respective platform.