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Reuters/Amit Dave <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword> gets approximately $31,202 richer every minute. <ul class="summary-list"><li>Indian businessman Mukesh Ambani is <a href="https://www.businessinsider.com/ambani-richest-family-in-asia-india-lifestyle-home-wedding-photos-2018-12">worth about $60 billion</a>, making him the richest person in India and all of Asia.</li><li>Forbes ranked <a href="https://www.forbes.com/sites/gracechung/2017/11/14/asia-richest-billionaire-families-2017-ambani-lee-kwok/#40d2fec62655">the Ambanis the richest family in Asia</a> in 2017.</li><li>Ambani, the chairman and largest shareholder of oil-to-telecom conglomerate Reliance Industries, is almost four times richer than <a href="https://www.forbes.com/profile/shiv-nadar/?list=rtb/">the second-richest person in India</a>.</li><li>Ambani and his family live in <a href="https://www.businessinsider.com/most-expensive-home-in-the-world-2014-5">a 27-story skyscraper in Mumbai</a> that cost an estimated $1 billion to build, which would make it one of the most expensive homes anywhere in the world.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories.</a></li></ul>Mukesh Ambani has been <a href="https://www.businessinsider.com/wealthy-indians-losing-money-mukesh-ambani-getting-richer-2019-10">India's richest person for 12 years</a> in a row. He's also the richest person in all of Asia, according to both Forbes and Bloomberg. The Indian businessman, the chairman and majority shareholder of <a href="https://www.businessinsider.com/ambani-richest-family-in-asia-india-lifestyle-home-wedding-photos-2018-12">$100 billion conglomerate Reliance Industries</a>, is <a href="https://www.businessinsider.com/ambani-richest-family-in-asia-india-lifestyle-home-wedding-photos-2018-12">worth about $60 billion</a>, making him the 14th-richest person in the world. Ambani's wealth has more than doubled in the past 10 years, and he continued to grow richer in 2019 even as most of India's richest people lost money. Here are nine mind-blowing facts that show just how wealthy Asia's richest man really is.

9 mind-blowing facts that show just how wealthy Mukesh Ambani, the richest person in Asia, really is

<keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword> pacer <keyword id="1807915" type="General" weightage="50" keywordseo="mohammed-siraj" source="Orion">Mohammed Siraj</keyword> had reported a "corrupt approach" to BCCI's Anti Corruption Unit (<keyword id="159581" type="General" weightage="80" keywordseo="acu" source="Orion">ACU</keyword>) from an unknown person, who wanted "inside news" about his team before Australia arrived in the country for a full-fledged tour in February this year. The India pacer, who is playing for Royal Challengers Bangalore in the ongoing IPL, promptly reported the matter to BCCI's ACU unit. It is understood that the gambler had lost a lot of money during the India games and messaged <keyword id="261464" type="General" weightage="100" keywordseo="siraj" source="Orion">Siraj</keyword> out of sheer frustration. India had played white-ball home series against New Zealand and Sri Lanka in January-February before Australia arrived. India won the T20 series against Sri Lanka 2-1 before blanking them 3-0 in the ODI series. Against New Zealand, India won the ODI series 3-0 before triumphing in the T20 series with a 2-1 margin, with the Black Caps winning the lone game of the tour in Ranchi. "It wasn't a bookie who approached Siraj. He is a driver from Hyderabad who is addicted to betting on India matches. He had approached Siraj via WhatsApp after losing a lot of money on India games," a senior BCCI source privy to the developments told PTI on condition of anonymity. "Siraj reported the approach immediately. The law enforcement (Andhra Police) authorities had nabbed the person," the source added. The BCCI had beefed up its ACU network ever since the spot-fixing scandal, involving S Sreesanth, Ankeet Chavan, Ajit Chandila and then Chennai Super Kings (CSK) team principal Gurunath Meiyappan, was unearthed in 2013. Now, each IPL team has a dedicated ACU official who stays in the same hotel and is there at the ground monitoring all the movements. Also, there is a mandatory ACU workshop for players on the dos and don'ts, and if any player fails to report a corrupt approach, there are sanctions in place. Bangladesh skipper Shakib Al Hasan was suspended in 2021 for not reporting a corrupt approach during his IPL stint in the previous season. RCB are currently placed eighth with four points after two wins and three defeats. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/audi-india-reports-over-two-fold-jump-in-sales-in-january-march-quarter/articleshow/99607457.cms">Audi India reports over two-fold jump in sales in January-March quarter</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/10-little-known-facts-about-mukesh-ambani-the-worlds-12th-richest-man/slidelist/99607111.cms">10 little known facts about Mukesh Ambani - The world’s 12th richest man</a>

Siraj reported corrupt approach to BCCI ACU before Australia tour: BCCI source

The <keyword id="6354977" type="General" weightage="50" keywordseo="supreme-court" source="Orion">Supreme Court</keyword> will hear SEBIs petition, in an open court, seeking review of its August 5 judgment, which directed the market regulator to share certain documents with Reliance Industries Limited (RIL). A bench headed by Chief Justice U.U. Lalit and comprising Justices J.K. Maheshwari and Hima Kohli said: "Considering the facts and circumstances on record and the submissions advanced in the review petition, we deem it appropriate to allow application for listing of the instant petition in open court. Let this review petition be listed in court on October 12, 2022." <keyword id="35210" type="General" weightage="20" keywordseo="SEBI" source="Orion">SEBI</keyword> has refused to entertain RIL's request to share the privileged documents on the grounds that under the Sebi (Settlement Proceedings) Regulations, the accused company has no right to seek information from it. The <keyword id="6356229" type="General" weightage="80" keywordseo="apex-court" source="Orion">apex court</keyword>, in its judgement, had rejected this stand of the market regulator. RIL had claimed that documents will exonerate it and its promoters from criminal prosecution initiated in a case related to the alleged irregularities in acquisition of its own shares between 1994 and 2000. Last week, a bench headed by Justice Sanjiv Khanna had recused from hearing RIL's petition seeking to initiate contempt proceedings against SEBI for failing to provide certain documents to the company. On August 5, a bench led by then Chief Justice N.V. Ramana had said: "The approach of SEBI, in failing to disclose the documents, also raises concerns of transparency and fair trial. Opaqueness only propagates prejudice and partiality. Opaqueness is antithetical to transparency." The top court had said the market regulator should show fairness and furnish documents sought by RIL, and SEBI has a duty to act fairly, while conducting proceedings or initiating any action against the parties. RIL filed a contempt petition as SEBI has not shared three documents -- the two legal opinions by former apex court judge B.N. Srikrishna and former ICAI president Y.H. Malegam's report which examined the irregularities. The company claimed SEBI cannot continue to resist the production of these documents and it had also sent a notice to the regulator saying if documents were not received by August 18, then it will establish that SEBI does not want to comply with the apex court's judgment. In 2002, Chartered Accountant S. Gurumurthy filed a complaint with SEBI alleging irregularities by RIL, its associate companies and their directors/promoters, including <keyword id="3820" type="General" weightage="80" keywordseo="mukesh-ambani" source="Orion">Mukesh Ambani</keyword> and his wife, Nita; <keyword id="9171" type="General" weightage="80" keywordseo="anil-ambani" source="Orion">Anil Ambani</keyword> and his wife, Tina; and 98 others. The complaint cited the issue of two preferential placement of non-convertible debentures in 1994. SEBI had alleged that RIL along with Reliance Petroleum had circuitously funded the acquisition of its own shares in violation of the Sections 77 and 77A of the Companies Act, 1956. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/markets/news/sebi-tightens-disclosure-norms-for-ipo-brings-mutual-fund-transactions-under-the-gambit-of-insider-trading-rules/articleshow/94577801.cms">SEBI tightens disclosure norms for IPOs, brings mutual fund transactions under the gambit of insider trading rules</a> <a href="https://www.businessinsider.in/tech/news/jio-will-launch-5g-for-the-entire-country-by-december-2023-mukesh-ambani/articleshow/94579338.cms">Jio will launch 5G for the entire country by December 2023: Mukesh Ambani</a>

SC to hear SEBI's review petition against RIL on Oct 12

<keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword> was born in Aden and grew up in Mumbai. Today he is the richest person in India and one among the most influential and powerful personalities on the earth. While he has proved his business acumen and talents to the whole world, he has so many other notable things about his personality. Here are a few interesting facts about Mukesh Ambani that are awe inspiring. Simple beginnings When Mukesh Ambani was young, their family lived in a simple 2-bedroom apartment in Mumbai. This was before the company his father founded, took off. He was hardly given pocket money during his youth and always used to travel in public transport. Loved playing hockey During his school days, Mukesh had a keen love for the game of hockey. He in fact lost his interest in studies due to his preoccupation with the game. A strict vegetarian and teetotaler Mukesh has never consumed alcohol in his life. He is also a pure vegetarian by food habits. His favorite foods are chapatti, rice and dal. He does not mind eating anywhere even from a roadside stall as long as he gets access to tasty food. Discontinued his MBA Mukesh pursued his MBA programme from the Stanford University. He had to drop from the college as he was called back at home to support his father who was at the process of setting up a Polyester Filament Yarn Manufacturing Plant. His nick name and public speaking capabilities His nick name is Muku. By nature Mukesh Ambani is a shy person and gets nervous while he has to address the public. He is the owner of the largest refinery in the world Mukesh commissioned a refinery in Jamnagar in <keyword id="6354766" type="LOCATION" weightage="20" keywordseo="Gujarat">Gujarat</keyword>. The refinery has a capacity of processing 668000 barrels in a single day. It is the largest refinery in the world today. He accounts for 5% of the country’s GDP The taxes paid by his firm <keyword id="10926" type="DOMAIN" weightage="20" keywordseo="Reliance">Reliance</keyword> Industries makes about 5% of the total tax revenues made by the country. Reliance Fresh consists of over 700 stores In 2006 Mukesh started a chain of stores called Reliance Fresh and the network consists of more than 700 stores across 93 cities of the country. Simple and loves watching movies Mukesh is simple in his nature and dressing. He always loves wearing a simple white shirt and black pants. He never follows any brand. He is a lover of films and watches about three movies in a week. His house is the most expensive one His house is today the most expensive residential property of the world. Antilla is located in South Mumbai. The value of this property is more than $1 billion. The house has 27 stories and supported by more than 600 staffs. He has his father’s photograph and his family photograph in every room of his property. He has a custom built car-bus vanity van He loves travelling in a customized car-bus vanity van that was ordered to be made for his taste. The worth of the van is around 25 crore in Indian money.

Interesting facts about Mukesh Ambani

Indians have started buying 5G phones in the millions even before the government has auctioned the 5G spectrum. If the mere mention of 5G makes people faster, imagine what they would do with actual 5G networks? <div type="image" title="Indians have started buying 5G phones in the millions" msid="90988461" hostid="261" caption="&amp;lt;p&amp;gt;Indians have started buying 5G phones in the millions&amp;lt;/p&amp;gt;"></div> On a serious note, the talk of 5G spectrum auctions has been going on for a long time in <keyword id="3658" type="General" weightage="100" keywordseo="india" source="Orion">India</keyword> now. While many countries all over the world have rolled out their 5G networks, India is yet to even auction the 5G airwaves, let alone the commercial rollout. In comparison, countries like France and Germany, albeit a fraction of India’s population and area, have extremely dense 5G coverage. Apart from European countries, China, Australia, the US, several South American countries and a few African countries also have 5G in some capacity. According to <a href="https://www.speedtest.net/ookla-5g-map">Ookla’s</a> 5G network tracker, India is one of the few major countries without a 5G network. India’s immediate neighbours like Pakistan, Afghanistan, Nepal, and Bangladesh, too, haven’t joined on the 5G bandwagon just yet. Despite its economic struggles, Sri Lanka has a functioning 5G network. Even Russia has 5G coverage in its capital, Moscow, although the rest of the country is not covered yet. <div type="image" title="5G in India" msid="90988516" hostid="261" caption="&amp;lt;p&amp;gt;5G in India&amp;lt;/p&amp;gt;"></div> According to a forecast by <a href="https://www.ericsson.com/en/reports-and-papers/mobility-report/dataforecasts/network-coverage">Ericsson</a>, 5G is estimated to cover over 2 billion people by the end of 2021. By 2027, 75% of the world’s population is expected to have 5G access. <div type="image" title="5G coverage is expected to cover 75% of world population by 2027" msid="90988561" hostid="261" caption="&amp;lt;p&amp;gt;5G coverage is expected to cover 75% of population by 2027&amp;lt;/p&amp;gt;"></div> With several countries beginning to shut down legacy networks like 2G and 3G, the migration to 4G and subsequently 5G should be easier. In fact, 98% of the mobile users in India already have access to 4G, so this should make it easier for telecom companies like <keyword id="15491" type="General" weightage="50" keywordseo="airtel" source="Orion">Airtel</keyword>, <keyword id="6354504" type="General" weightage="50" keywordseo="reliance-jio" source="Orion">Reliance Jio</keyword> and Vodafone Idea to allocate more resources towards the 5G rollout. This brings us to the elephant in the room – what is the status of 5G spectrum auctions in India? The state of <keyword id="4400143" type="General" weightage="20" keywordseo="5G-in-India" source="Orion">5G in India</keyword> 5G has been talked about for quite some time in India now, but delayed spectrum auctions have put a dampener on telco plans. <keyword id="3820" type="General" weightage="50" keywordseo="mukesh-ambani" source="Orion">Mukesh Ambani</keyword>, the second richest Indian and chairman of market leader Reliance Jio, has <a href="https://economictimes.indiatimes.com/industry/telecom/telecom-news/5g-spectrum-auctions-may-be-delayed-to-july-next-year/articleshow/88330077.cms?from=mdr">pegged</a> 5G as a matter of “national priority”. Coming to the point, India’s telecom regulator – the <keyword id="12394776" type="General" weightage="50" keywordseo="telecom-regulatory-authority-of" source="Orion">Telecom Regulatory Authority of</keyword> India (TRAI) – has finally put forward its recommendations for 5G spectrum auctions. Encouragingly, the regulator has recommended a 35-40% cut in the baseline 5G spectrum pricing. Telecom operators have been repeatedly asking for rationalised 5G spectrum prices, and the regulator seems to have heard their demands. However, these prices are for a 20-year licence, as opposed to the 30-year term that telecom players have been asking for. Essentially, the price cut comes in at just 5-10%. <div type="image" title="Which telecom giant will win the 5G battle in India?" msid="90988620" hostid="261"></div> Unsurprisingly, telecom players are not happy with the regulator. The regulator, though, says that these <a href="https://www.businessinsider.in/business/telecom/news/recommended-spectrum-prices-are-backed-by-scientific-calculations-says-trai-chief-vaghela/articleshow/90812587.cms">calculations are scientific</a>. It remains to be seen how much enthusiasm Airtel, Jio and Vodafone Idea show during the 5G spectrum auctions, expected to take place in the first half of 2022. We should see some action on this front in the coming weeks. Do we actually need 5G? You must be wondering – do I really need 5G? What am I actually missing out on with just 4G? Honestly, 4G speeds in India are relatively on the lower side. According to an OpenSignal report, the average download speeds on 4G in the US range between 35-40 Mbps. In India, Reliance Jio tops with an average download speed of 29 Mbps. Airtel, which is usually rated for its quality of services, comes in at the third place, beyond even Vodafone Idea which has seen a degradation in its quality of services over the past several months. <div type="image" title="Jio has better download speed than its peers" msid="90988673" hostid="261" caption="&amp;lt;p&amp;gt;Jio has better download speed than its peers&amp;lt;/p&amp;gt;"></div> In contrast, 5G promises to deliver extremely fast speeds – as fast as a whopping 600 Mbps, according to real-world statistics from <a href="https://www.speedtest.net/awards/fastest-5g/">Ookla</a>. The slowest was 156 Mbps in Singapore, which is still over five times faster than Reliance Jio’s 4G speeds. 5G also comes with many other benefits like lower latency, much higher capacity of connected devices, less interference and improved efficiency. Lower latency would benefit those who livestream, do a lot of video calls or play games on their smartphones. Latency here refers to the delays in communication over a network. Lower the latency, the lower the lags and better the experience. Another important area where 5G is a clear winner is the network capacity. If you have been to concerts, sports matches or anywhere where there is a huge crowd, you would have noticed that your 4G internet is barely usable, and calling is a huge problem. 5G solves this with much higher network capacity, so you will not only be able to experience a fast internet connection, but calling should also be relatively better. All-in-all, 5G offers plenty of real world performance improvements over 4G. Does my phone support 5G? Coming to the all-important question – does my phone support 5G? According to a <a href="https://www.businessinsider.in/business/telecom/news/indians-are-now-consuming-over-12000-petabytes-of-4g-data-every-month/slidelist/90221728.cms">report</a> by telecom gear provider Nokia, there are over 10 million 5G devices in India currently. The answer to this is the easier part – most phones with 5G support come with the 5G tag, so if you are confused, or don’t remember, all you have to do is check the phone box. The more important part here is to understand if your 5G phone will actually support India’s 5G bands. Since the auctions haven’t taken place and there is no clarity either from the telecom companies about which 5G bands will be supported by them, this is the piece of the puzzle that can be solved only with time. In the meantime, if you are looking to buy a new smartphone, the best thing that you can do right now is carefully consider how many 5G bands are supported by your new phone. Not every 5G phone is made equal, though, so make sure your new phone supports these bands.

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9 mind-blowing facts that show just how wealthy Mukesh Ambani, the richest person in Asia, really is

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Siraj reported corrupt approach to BCCI ACU before Australia tour: BCCI source

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SC to hear SEBI's review petition against RIL on Oct 12

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Interesting facts about Mukesh Ambani

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