'You have to hand it to Mukesh for sheer daring.' 'Who else in India would have sunk a stupendous $30 billion in a business that was yet to get a single customer?' 'With that, the older of the Ambani siblings has shown that he is in a class of his own,' says T N Ninan.
Shares of Reliance Industries climbed nearly 3 per cent after its digital unit, Jio Platforms, filed draft papers for what could become India's largest-ever initial public offering, with the offering potentially raising around Rs 37,700 crore (USD 4 billion).
Mukesh Ambani, Chairman of Reliance Industries, has called upon India's engineering talent to spearhead Jio's ambitious artificial intelligence initiative. He emphasized India's role as a creator and global leader in AI, not just a consumer, outlining the execution phase of Reliance Intelligence with partnerships and a focus on developing affordable, language-fluent AI for all Indians.
Billionaire Mukesh Ambani announced that the transfer of day-to-day management responsibilities at Reliance Industries to his children, Akash, Isha, and Anant, is "almost complete," marking the final stages of a significant succession process for India's most valuable company.
Jio Platforms Ltd, the digital and telecommunications arm of Reliance Industries, has received board approval to file draft papers for an initial public offering (IPO) involving a fresh issue of up to 27 crore equity shares. The draft red herring prospectus (DRHP) is expected to be filed with SEBI today, marking a significant value-creation event for Reliance shareholders.
Jio Platforms Ltd, the digital and telecommunications arm of Reliance Industries, has approved filing draft papers for an initial public offering (IPO) involving a fresh issue of up to 27 crore equity shares, aiming to unlock value for shareholders and fuel its ambitious expansion into 5G, AI, and global markets.
Reliance Industries Ltd (RIL) has expressed caution regarding 'extreme volatility' risks stemming from the West Asian conflict, which could impact global oil demand and the company's margins, while also noting that near-term retail consumption demand may remain sensitive to macro conditions. Chairman Mukesh Ambani, in the annual report, remained silent on the timeline for Jio Platforms' anticipated public listing, stating the group will 'continue to evaluate strategic pathways'.
Only 2.5 per cent of the equity in Jio Platforms will be offloaded through the OFS route -- meant for secondary share sale.
Jio Financial Services and Munich-based Allianz Group have signed a binding agreement to establish a 50:50 joint venture for general and health insurance in India, building on an earlier reinsurance partnership.
JioStar has terminated its broadcast deals in Bangladesh for IPL 2026, saying its local partner defaulted on payments.
Reliance Industries Ltd reported a 22 per cent year-on-year decline in consolidated net profit for the June quarter, primarily because the previous year's earnings were inflated by a one-time gain from the sale of its stake in Asian Paints.
'We are staying away from making forward-looking statements on when we will reach 1 trillion, etc. But growth will be rapid; it's only a matter of time.'
Cricket's inclusion in the 2028 Los Angeles Olympics is a strategic move by Olympic leaders to tap into India's massive fan base and commercial power, aiming to attract billions of new viewers and strengthen the Games' appeal in key markets.
Indian benchmark equity indices, Sensex and Nifty, ended lower after a five-day rally, with the Sensex dropping 607 points and the Nifty falling to 24,013.10. The decline was primarily driven by heavy selling in IT firms following Accenture's trimmed revenue guidance and renewed geopolitical uncertainty, specifically the postponement of US-Iran negotiations.
Here are who's who attending the wedding.
Reliance Industries is expected to report largely flat performance for its fourth quarter (January-March, Q4) of FY26, with weakness in the oil-to-chemicals (O2C) business and muted retail growth likely to offset steady gains in the telecommunications segment.
From Arun Govil and Shobana to Vivek Oberoi and Kajal Aggarwal, meet the sprawling supporting cast bringing Nitesh Tiwari's Ramayana to life.
Zee Entertainment said on Monday it had secured the rights to broadcast the 2026 FIFA World Cup and 38 other FIFA events through 2034.
Reliance Jio, India's biggest telecom operator, is planning to launch an initial public offering (IPO) and listing on bourses in the first half of 2026, billionaire Mukesh Ambani said on Friday. Jio is currently a unit of Reliance Industries Ltd, India's most valuable company.
Meta has partnered with Reliance Industries Ltd (RIL) to construct its first AI-powered data centre in India, a 168-megawatt facility located in Jamnagar, marking a significant milestone in Meta's global infrastructure expansion and deepening its strategic partnership with Reliance.
With the 2026 FIFA World Cup just weeks away, uncertainty over India's broadcast rights continues amid legal intervention and concerns over free-to-air access for football fans.
ICICI Securities expects Jio Platforms' ensuing IPO to fetch "premium valuations", as was the case in the high-profile equity raise of FY21, and has pegged the company's equity value at $148 billion by September 2027.
Mukesh Ambani announced a 10 lakh crore investment by Reliance Industries to revolutionize artificial intelligence in India, focusing on building sovereign compute infrastructure and making AI accessible and affordable for all.
Former India leg-spinner Piyush Chawla identifies Rishabh Pant's dismissal as the turning point in the IPL 2026 match between Lucknow Super Giants and Delhi Capitals.
Chennai Super Kings, still in the hunt for a play-off berth, will look to continue their recent resilient run when they take on the already-eliminated Lucknow Super Giants in the IPL 2026 match on Friday.
Kolkata Knight Riders will aim for nothing less than a win when they clash against Delhi Capitals in the season's final league match of IPL 2026.
Rajasthan Royals and Delhi Capitals face off in a crucial IPL match with significant playoff implications, highlighting the anticipated battle between Vaibhav Sooryavanshi's aggressive batting and Mitchell Starc's seam bowling.
Jio Platforms Limited is likely to have a valuation of $148 billion by the time it goes public on the back of strong free cash flow and potential deleveraging, ICICI Securities said.
Chennai Super Kings and Sunrisers Hyderabad face off in a crucial IPL match with playoff qualification at stake. Both teams need a win to boost their chances of reaching the knockouts.
Delhi Capitals and Chennai Super Kings, both with eight points from nine games, face off in a crucial IPL match in Delhi. Both teams need a win to stay in contention for the playoffs.
Prudential plc has announced its acquisition of a 75 per cent stake in Bharti Life Insurance for approximately 3,500 crore, a strategic move to secure majority ownership in the Indian life insurance market. This acquisition necessitates Prudential reducing its holding in ICICI Prudential Life Insurance to below 10 per cent.
Sunil Gavaskar has expressed concerns about Mumbai Indians' inconsistent performance in IPL 2026, stating they must win all remaining matches to secure a playoff spot after a heavy defeat to Chennai Super Kings.
Chennai Super Kings will aim to boost their playoff chances as they take on Lucknow Super Giants in a crucial Indian Premier League match. CSK's campaign has been inconsistent, while LSG are struggling at the bottom of the table.
Reliance holds 67.03% of Jio Platforms Limited and the public listing would provide an exit to many investors.
Sunrisers Hyderabad will look to capitalise on their home advantage when they face Delhi Capitals in a crucial mid-table Indian Premier League clash. Both teams are level on points, making this a key match for their IPL campaign.
Chennai Super Kings and Mumbai Indians, both struggling in the IPL 2026 season, face a crucial match in Chennai to keep their playoff hopes alive.
Royal Challengers Bengaluru look the most complete side in IPL 2026 as they face an inconsistent Delhi Capitals unit still searching for form.
Delhi Capitals will be looking to maintain their winning momentum against a struggling Gujarat Titans side in their upcoming IPL match.
Delhi Capitals face Kolkata Knight Riders in a crucial IPL match, needing a win to keep their playoff hopes alive.
Delhi Capitals face Rajasthan Royals in a crucial IPL match, seeking to overcome inconsistent batting and bowling performances. Mitchell Starc's return provides a boost, but the team needs a collective effort to counter Rajasthan's strong batting line-up.
