Ambani inches closer to $100B club💸

India finishes 24th, Byju’s posts loss in FY20, and more.

Hi 👋🏻,

Every day, Rise n Shine arrives in your email with curated tech and business news snippets to get your day started.


Mukesh Ambani inches closer to $100B club💸

Mukesh Ambani, Asia's richest man, is closing in on a select club of people with fortunes over $100 billion after increasing his net worth by $3.7 billion on Friday.

The share price of Ambani's Reliance Industries Limited (RIL) surged 4.15% on Friday after the tycoon doubled down on his clean-energy goals by unveiling plans to boost the production of cheaper green hydrogen.

The Indian tycoon's net worth now stands at $92.60 billion — around $10 billion lesser than Warren Buffett's net worth of $102.6 billion, says the Bloomberg Billionaires Index.

In 2007, the Ambani family -- comprising Mukesh and his brother Anil Ambani -- became the first Indian business family to cross the $100 billion mark with their wealth combined.


Tokyo Paralympics: India finishes 24th with record 19 medals🤩

Indian contingent finished their campaign at the Tokyo Paralympic Games 2020 at an all-time high by securing a total of 19 medals which includes 5 gold, 8 silver, and 6 bronze medals.

Since making its first appearance at the Paralympics in 1968, India had won 12 medals in total till the 2016 Rio edition. The country has now massively improved upon that entire number by 7 medals at the Tokyo Paralympics 2020 alone.

🥇 Gold medalists at Tokyo Paralympics were:

  1. Avani Lekhara in Women's 10m Air Rifle Standing SH1.

  2. Pramod Bhagat in Men's singles SL3 badminton.

  3. Krishna Nagar in Men's singles SH6 badminton.

  4. Sumit Antil in Men's Javelin Throw F64.

  5. Manish Narwal in Mixed 50m Pistol SH1.

🥈 Silver medalists were:

  1. Bhavinaben Patel in Women's Singles Class 4 Table Tennis.

  2. Singhraj Adhana in Mixed 50m Pistol SH1.

  3. Yogesh Kathuniya in Men's Discus F56.

  4. Nishad Kumar in Men's High Jump T47.

  5. Mariyappan Thangavelu in Men's High Jump T63.

  6. Praveen Kumar in Men's High Jump T64.

  7. Devendra Jhajharia in Men's Javelin F46.

  8. Suhas Yathiraj in Men's Singles Badminton SL4.

🥉 Bronze medalists were:

  1. Avani Lekhara in Women's 50m Rifle 3 Positions SH1.

  2. Harvinder Singh in Men's Individual Recurve Archery.

  3. Sharad Kumar in Men's High Jump T63.

  4. Sundar Singh Gurjar in Men's Javelin Throw F46.

  5. Manoj Sarkar in Men's Singles Badminton SL3.

  6. Singhraj Adhana in Men's 10m Air Pistol SH1.

Share


Byju’s posts Rs 262 Cr loss in FY20, revenue up 82%💻

Byju’s, the country’s most valuable edtech startup, saw its consolidated loss widen to Rs 262 crore in 2019-20 from Rs 8.9 crore in the previous fiscal even as its revenue from operations soared 82.31%.

Byju’s posted operating revenue of Rs 2,381 crore in FY20, up from Rs 1,306 crore in FY19.

The Bengaluru-based decacorn—valued at $16.5 billion—earned almost three times more from sale of educational tablets and SD cards than from sale of reference books. It sold devices worth Rs 1,676 crore and books worth Rs 561 crore in FY20.


Tweet of the day🐥


Read Here: Dawn of ESports in India.


Your physical and mental health should always be a priority. Never trade them.


Thanks for reading 😊

Hit 💜, if you enjoyed the article.

Share Rise n Shine ☀