India's most valuable company Reliance Industries was once fined for producing more than its licensed capacity, its owner and richest Indian Mukesh Ambani said on Monday as he pitched for a push to manufacturing to make the country 'Aatmanirbhar' or self-reliant.
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.
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It is not clear if it was the same Innova that was following the explosives-laden Scorpio before the latter was parked near Ambani's residence in south Mumbai on February 25.
Nita Ambani exudes grace, warmth and power on the cover of Femina.
It could well be one of the richest weddings this year.
Designer Nishka Lulla Mehra has a wedding day suggestion for the youngest Ambani bahu, Radhika Merchant.
According to the spokesperson, Singh has filed a police complaint and the FIR has been lodged for further investigation by the cyber crime cell.
Spectrum auction for mobile radiowaves services worth Rs 96,000 crore ended with bids worth about Rs 11,000 crore, according to sources. The government has put over 10,500 Mhz spectrum in eight frequency bands -- 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 MHz and 26 GHz, valued at Rs 96,238 crore at base price, for auction.
The board of Reliance Industries Ltd on Thursday approved issuing 1:1 bonus shares -- the first bonus issue in seven years. Reliance, the nation's most valuable company, had last issued bonus shares in September 2017.
The government and the ruling Bharatiya Janata Party have dismissed the Pegasus Project reports as concocted and evidence-less.
Kareena Kapoor attends a Bvlgari event in style.
Security was beefed up on Monday outside industrialist Mukesh Ambani's south Mumbai residence after a taxi driver informed the police that two suspected passengers carrying bags with them had asked him about the location of 'Antilia', an official said.
For the past few days, Tata had been admitted to the Breach Candy Hospital in south Mumbai.
An organisation named Jaish-ul-Hind has claimed the responsibility of placing an explosives-laden SUV near industrialist Mukesh Ambani's house in south Mumbai, police said on Sunday.
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From donning couture pieces to going desi and dishing out summer vibes, July saw our favourite celebs making all sorts of style statements and impressing us.
Stars lit up the evening with their gorgeous avatars on Day 2 of Radhika Merchant and Anant Ambani's pre-wedding celebrations.
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Sebi on Wednesday imposed a total penalty of Rs 25 crore on Mukesh Ambani, Anil Ambani, other individuals and entities for non-compliance with takeover norms in a Reliance Industries case dating back to 2000.
He, however, seemed to indicate that he did give a personal guarantee to India's largest lender SBI, which has moved the NCLT to recover Rs 1,200 crore.
Nine-year-old Hurmat Irshad from Sopore has stunned the internet with her extraordinary batting skills.
The first wedding card was offered by Ambani family at Siddhivinayak temple in Mumbai.
When asked about the Uniform Civil Code, Gandhi said he would comment on it only after he knows what is BJP's proposal.
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.
Look who turned up to watch the CSK-MI game on Sunday night.
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Mukesh Ambani's Reliance group has struck acquisition deals worth $4.2 billion with a dozen companies in just two years to expand its retail business. The latest purchase was of a majority stake in Justdial for Rs 3,497 crore. Elaborating on his acquisition strategy a few weeks ago during the AGM, Ambani stated that one of the key planks would be to acquire businesses that enhanced Reliance's offerings and experiences to customers and that they would be both physical and digital.
The celebrations have begun for the next big fat wedding in town.
The officer said further investigation and forensic analysis will be done after the mobile handset and details of the seizure are received from Tihar Jail authorities.
Saudi Aramco chairman and head of the Kingdom's cash-rich wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as an independent director in a precursor to a $15 billion deal. Reliance chairman and Asia's richest man Mukesh Ambani, who had two years back disclosed the talks to sell a 20 per cent stake in the company's oil-to-chemical unit to Saudi Aramco, announced the appointment of Al-Rumayyan at the company's annual meeting of shareholders. Harvard educated Al-Rumayyan, 51, will replace Yogendra P Trivedi, 92, who has expressed a desire to retire, Ambani said. On the sale of a 20 per cent stake in the O2C business, he said the deal is likely to conclude this year.
The wedding saw the entire family come together, dance and bless the newly wed couple.
An average Indian couple spends around 2x on weddings versus education (pre-primary to graduation).
Ambani then shed light on what a sport needs to grow. She said a holistic ecosystem needs to be developed around it and opportunities should be presented at the highest level.
In what is in effect a deposit to be paid into court pending a full trial in the case, Judge David Waksman has set a six-week timeline for Anil to pay $100 million to three Chinese banks as he concluded that he did not accept Ambani's defence that his net worth was nearly zero or that his family would not step in to assist him when "push came to shove".
Here's a peek at their Italian holiday diary.
Billionaire Mukesh Ambani's Reliance Industries and Tata Group have made it to the prestigious TIME's list of 100 World's Most Influential Companies of 2024. TIME called Reliance 'India's Juggernaut'. This is the second time that Reliance has found its way into the TIME list. Jio Platforms, the firm that holds digital properties of the conglomerate, was included in the inaugural TIME 100 Most Influential Companies List of 2021. Serum Institute is the other Indian company on the list.
Bollywood stars turned up to wish Isha Ambani's twins Aadiya and Krishna on their first birthday.
"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.
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