RInfra, which is sitting on a debt of over Rs 6,000 crore, has been working towards monetising its assets to reduce debt.
Is it is necessary to play divisive politics to succeed in the next general elections? asks Dr Sudhir Bisht.
Billionaire Mukesh Ambani's Reliance Industries Ltd has bought Britain's iconic country club and luxury golf resort, Stoke Park, for 57 million pounds (about Rs 592 crore). The acquisition adds to Reliance's current stake in Oberoi hotels and hotel/managed residences in Mumbai that it's developing. Over the past four years, Reliance has announced $3.3 billion in acquisitions with 14 per cent in retail, 80 per cent in technology, media, and telecom (TMT) sector, and 6 per cent in energy. The UK-based firm, which owns a hotel and golf course in Buckinghamshire, UK, will add to Reliance's consumer and hospitality assets, the firm said in a filing late on Thursday.
Reliance Industries Ltd on Thursday announced a Rs 75,000 crore investment in new energy business over the next three years as the operator of the world's largest oil refinery pivots towards a greener and cleaner version. Reliance will build solar manufacturing units, a battery factory for energy storage, a fuel cell-making plant and an electrolyzer unit to produce green hydrogen as a part of the business, chairman Mukesh Ambani said at the company's annual general meeting with shareholders on Thursday. It will also set up 100 gigawatts (GW) of solar power generation capacity by 2030 and invest in setting up a carbon fibre plant.
Anjali quickly decided not to pursue her career in medicine. If she had worked in a government hospital, she would have had to do her fair share of nights and weekends in hospital, which would have been tough when Sachin was back in Bombay between tours. Had she worked in private practice as Dr Anjali Tendulkar, she reckoned she would be consulted for her name rather than her expertise. Anjali is an all-or nothing person and she couldn't have just dabbled in doctoring. Moreover, she wanted to devote herself to keeping her husband in the right frame of mind to play his best cricket. A fascinating excerpt from Annabel Mehta and Georgina Brown's book, My Passage to India.
"You will create history by doing this job and your name will be there in all newspapers and other media," it said, citing their conversation.
'Rafale is an open and shut case and there is only one man who has done corruption'
Earlier, Ambani had announced that RIL's telecom arm Jio will strive to make India free of 2G by migrating from feature phones to an affordable smartphone.
With RIL's market capitalisation crossing the Rs 11-trillion mark on Friday, Ambani is ahead of Google co-founders Larry Page and Sergey Brin, the 10th and 11th richest, respectively, and behind Zara founder Amancio Ortega on the Forbes Real-time Billionaires List.
Adani group opened a $1.2 billion copper plant, bought a port in Odisha, raised stakes in a cement company and stitched an alliance with rival Mukesh Ambani's Reliance Industries, all in a matter of one week in signs that the apples-to-airport conglomerate has shrugged off the Hindenburg effect and is back to rapid expansion spree. In the last one week, Adani group has through regulatory filings and press statements announced expansions and investments in its mainstay ports business, diversification into metal refining, fund infusion into a two-year-old cement foray and continuing progress in the commissioning of its mega solar project.
Saina Nehwal is having a ball at the pre-wedding celebrations of Anant Ambani and Radhika Merchant in Jamnagar on Friday.
Mansukh Hiren, who was in possession of the car that was found with explosives outside industrialist Mukesh Ambani's residence, in a letter to Maharashtra Chief Minister and Home Minister had alleged that he was being harassed by police and media. He had also claimed that in spite of being a victim, he was treated as an accused.
Anmol Ambani, the eldest son of industrialist Anil Ambani, has lashed out against a new round of lockdowns being imposed amid the surge in COVID-19 cases, saying such restrictions do not concern health but control and that they destroy the very backbone of the society and economy. The 29-year-old former executive director of Reliance Capital Ltd in a series of tweets lambasted the new semi-lockdown rules hurting small businesses and daily wage earners. "Professional 'actors' can continue shooting their films. Professional 'cricketers' can play their sport late into the night. Professional 'politicians' can continue their rallies with masses of people. But YOUR business or work is not ESSENTIAL. Still don't get it?" he said in a tweet.
The Reserve Bank of India's action against Reliance Capital comes at a time when the Anil Ambani group was planning to make a comeback with the group company, Reliance Infrastructure, raising funds from the promoter family. As part of the comeback plan, Reliance Infrastructure received Rs 550 crore fund infusion from the Anil Ambani family. A month earlier, Reliance Power, a listed subsidiary of Reliance Infrastructure, also raised funds from its parent by issuing preferential allotment of shares thus increasing the stake of Reliance Infrastructure in the company.
Take a look at what the desi celebs wore to the fashion extravaganza.
The Group has decided to withdraw the Rs 5,000-crore civil defamation suits against Congress leaders and National Herald newspaper over their statements and an article on the controversial Rafale fighter jet deal.
Shloka Mehta tied the knot in a stunning Abu Jani and Sandeep Khosla lehenga.
Pandya recounted the beginning of his Indian Premier League (IPL) journey in 2015 when Mumbai Indians secured him for a modest Rs 10 lakh
The soon to-be-wed couple threw a lavish, exclusive party for close family and friends.
Richest Indian Mukesh Ambani on Tuesday said India will grow to be among the top three economies in the world in the next two decades and per capita income would more than double. At a fireside chat with Facebook head Mark Zuckerberg, he said India's middle-class, which is about 50 per cent of the nation's total number of households, will grow three to four per cent per year.
Business tycoon Mukesh Ambani may have retained his title as India's richest person for 7th year in a row, but his place among the world's richest people has dropped to lowest in eight years.
Hardik said he has not taken any decision yet on joining any other party,
Despite their business rivalry, Gautam Adani did attend the big pre-wedding event in Jamnagar hosted by Mukesh Ambani over the weekend.
The wedding, which is billed as the India Inc's most expensive yet, was held at Antilla.
What better than celebrating the zestful star's 50th birthday with a fun gallery of her 50 distinctly moody, magical and madcap expressions from a career spanning over three decades?
Yes Bank has taken over the headquarters of Anil Ambani's group in suburban Santacruz in Mumbai for failure to repay dues worth Rs 2,892 crore. The private sector lender has also taken possession of two flats in South Mumbai for the non-payment of dues by Reliance Infrastructure, according to a notice published by Yes Bank in a newspaper on Wednesday.
Karisma and Kareena Kapoor's cousin Armaan Jain got married to long-time girlfriend Anissa Malhotra on February 3.
Aditya Roy Kapur holds Ananya Panday close for the first time for the cameras, and Ranbir Kapoor gives them the thumbs up.
Their engagement party was held at Lake Como, Italy.
The annual day function at Dhirubhai Ambani International School in Mumbai turned out to be a star-studded event, as film folk stepped out to applaud the superstars in their own homes.
Fan-favourite and team skipper MS Dhoni's arrival is yet to be confirmed.
Shraddha Kapoor recently confirmed her relationship status when she posted her thoughts about Rahul Mody.
Swami Avimukteshwaranand Saraswati, the Shankaracharya of the Jyotish Peeth in Uttarakhand, who turned down the invitation to the Ram temple consecration ceremony in Ayodhya, on Monday said Shiv Sena-Uddhav Balasaheb Thackeray leader Uddhav Thackeray is a victim of betrayal.
Bollywood kept its date with the Ambanis when folks arrived at the launch of Isha Ambani's Jio World Plaza, Mumbai's latest retail destination.
The three-day wedding that will take place in Mumbai will see over 1,000 guests.
Preliminary probe revealed that the jawan stumbled and fell which caused his automatic rifle to fire and he received two bullet injuries in his chest.
Research and development (R&D) spending by BSE 100 companies has grown steadily, rising from 0.89 per cent of revenue in FY20 to 1.32 per cent in FY24, averaging around 1 per cent over the period in-between, according to data compiled from Bloomberg and company annual reports. Also, these companies more than doubled their R&D spending in absolute terms over these five years: From Rs 25,041 crore to Rs 63,072 crore. While this reflects a prioritisation of innovation, corporate R&D investment remains relatively conservative.
As India gets ready to roll out one of the largest vaccine programmes, billionaire Mukesh Ambani on Tuesday said his group is working with authorities to provide technology tools and backbone for mass inoculation against COVID-19. Ambani's telecom venture Jio was rolled out four years back, offering free voice calling and dirt-cheap data. Today, Jio is India's largest telecom operator with over 400 million users, each connected to the internet. At a Facebook event, Ambani said the government's digital push kept the country running even during the pandemic and is now helping in the rollout of one of the largest vaccination programmes.
