A big chunk of RIL's fresh investments worth Rs 150,000 crore will go into refining, petrochemicals and exploration.
Reliance had already invested Rs 3,900 crore in the state.
The ultra-luxurious 400,000 sq feet Ambani mansion and its contents continue to fascinate people not only in India but also abroad.
The IPO boom in 2023 added four new promoters to the billionaires' list.
Former Mumbai police officer Pradeep Sharma has moved the Supreme Court challenging the Bombay high court verdict convicting and sentencing him to life imprisonment in a 2006 fake encounter case.
'SRK couldn't have been nicer, empathetic, more sharing and interactive. It really was a wonderful moment.'
Bharatiya Janata Party legislature party leader Devendra Fadnavis was sworn-in as new chief minister of Maharashtra while allies Eknath Shinde and Ajit Pawar took oath as deputy CMs at a grand ceremony in Mumbai on Thursday evening.
Mukesh Ambani's Antilia Commercial Pvt Ltd wants the Waqf Board to hear its version before the custodian of Muslim religious property takes control of a piece of land.
The scene was recreated late on Friday night, in which Waze was asked to walk there for some time wearing a white kurta.
Projecting that global oil prices would stabilise at around $30-35 and help ease pressures on consumers, Reliance Industries Chairman Mukesh Ambani on Wednesday sought deregulation of natural gas, terming it as an alternate fuel in the medium term.
The 20 contenders for the title, short-listed by the BusinessWeek magazine, also included Apple Computer CEO Steve Jobs, media baron Rupert Murdoch and Google CEO Eric Schmidt.
The Prayagraj airport in India is experiencing a surge in air traffic due to the Maha Kumbh, a major religious festival. The airport is handling an average of 40 non-scheduled charters and private jets daily, with figures reaching 70 on weekends. This is in addition to the average 148 scheduled commercial passenger aircraft operating daily. The airport recently received a contingent of about 180 politicians from Rajasthan and has seen corporate bigwigs like the Ambani brothers, Gautam Adani, and Pawan Munjal pass through. The airport has also hosted four international flights since the beginning of the Maha Kumbh, including a flight carrying Laurene Powell Jobs, the wife of Apple co-founder Steve Jobs. The airport is currently undergoing an upgrade and expansion, and officials are looking forward to the government's plans to integrate Prayagraj with the airports at Kashi and Ayodhya to promote tourism in the region.
Anil Ambani on Wednesday took over as the Chairman of Reliance Communication Ventures Ltd, a day after the Mukesh Ambani Group handed over management control of the demerged companies to the younger sibling.
Analysts believe for each of its businesses, RIL has underlined triggers that could boost profitability.
Reliance Brands is in advance stage of talks to take over the India rights for premium makeup and beauty retail chain Sephora, from Arvind Fashions, according to two persons in the know. The Mukesh Ambani-led retail company is already in talks with developers to lease out stores for Sephora, said one of the above mentioned sources. While Reliance Brands was yet to answer Business Standard's query, an Arvind Fashions spokeperson, in an e-mailed response, said: "As per company policy, we do not comment on market rumours and speculation."
Reliance Industries Ltd, India's most valuable company, on Friday reported a 5 per cent drop in its June quarter net profit as lower fuel cracks and petrochemical margins outdid gains in telecom and retail businesses. The oil-to-retail-to-telecom conglomerate's consolidated net profit was at Rs 15,138 crore, or Rs 22.37 per share, in April-June -- the first quarter of the current 2023-24 fiscal year -- compared to Rs 16,011 crore, or Rs 23.66 a share, earnings a year back, according to a company's statement.
M-Cap of top 10 business groups went up by 46% this year.
Ambani said, it will be ready for trials as soon as 5G spectrum is available and can be ready for field deployment next year.
Sharply attacking the Congress and the BJP for being in collusion to defeat the Jan Lokpal Bill, Arvind Kejriwal, who resigned as the Delhi chief minister, on Friday evening said that people will teach both the parties a lesson in future.
Led by a $6.5 billion surge in personal net worth on Tuesday, Gautam Adani, chairman of the Adani Group, is back in the top 20 of the world's richest list and is now ranked 19th globally. Adani is also now India's second richest with a net worth of $66.7 billion as of Tuesday, per the Bloomberg Rich List, while Mukesh Ambani, chair of Reliance Industries, is ranked number one in India and number 13 in the world with a net worth of $89.5 billion.
Bharti group's Sunil Mittal retained his fourth position, followed by Wipro's Azim Premji at the fifth slot.
India's most valued company Reliance Industries is building partnership with the US in many of the sunrise areas like life-sciences, biotechnology and retail.
With the strain and anxiety of the longest Lok Sabha polls now behind the leaders, governance, with consensus, is the next step.
The Mumbai SEZ had sought the stay on the grounds that if the acquisition is not completed by June 8, the entire process will lapse under the Land Acquisition Act, 1894.
Dudley, whose company last year made the largest foreign direct investment in the oil sector, followed it up with a meeting with Finance Minister P Chidambaram.
From the time he first rose to prominence during the movement against the then UPA government, Arvind Kejriwal has regularly grabbed headlines for his surprise moves and decisions. Here are 10 such instances.
The Delhi assembly results have underscored that a section of Arvind Kejriwal's committed supporters abandoned him because they were let down by his refusal to take a stand on crucial issues that impinge on the security and Constitutionally enshrined rights of the people, notes Nilanjan Mukhopadhyay.
Qatar Investment Authority (QIA) will acquire around 1 per cent stake in Reliance Retail Ventures Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led Reliance Industries, by investing Rs 8,278 crore ($1 billion). A QIA's wholly-owned subsidiary will make the investment in India's largest retailer at a valuation of Rs 8.278 lakh crore ($100 billion). Updating about the development, Reliance Industries in a regulatory filing said: "QIA's investment will translate into a minority equity stake of 0.99 per cent in RRVL on a fully-diluted basis." RRVL is the holding company for all retail businesses of Reliance Industries Ltd (RIL).
Kajol and her daughter Nysa made a stunning appearance at the grand opening of the Nita Mukesh Ambani Cultural Centre in Mumbai.
Heirs to India's most wealthy companies, they command an enviable position.
Centre's decision to provide Z security to industrialist Mukesh Ambani on Wednesday drew flak from the Supreme Court, which asked why such people are given security cover by the government when the common man is feeling unsafe.
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