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.
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.
'Instead of one or two families controlling 10% to 15% of GDP, it has to be broad based. Then, the resilience of the economy also will be higher.' 'Then, if something happens to one business, it will not hurt the economy badly.'
Breakthroughs in Artificial Intelligence and allied deep technologies are boosting productivity, efficiency and human potential to unimaginable levels, Reliance Industries chairman Mukesh Ambani said on Friday describing the "miraculous power" of AI as new 'kamdhenu', the divine wish-fulfilling cow.
Reliance Industries Chairman Mukesh Ambani worshipped at the Kamakhya temple in Guwahati on Tuesday, February 25, 2025.
Reliance Industries has built four high-powered growth engines of retail, digital services, media and entertainment, and new energy to propel the conglomerate's next phase of expansion, Chairman Mukesh Ambani said. Parallelly, Reliance is reshaping itself into a new-age deep-tech enterprise, he said in a message to shareholders in the firm's latest annual report.
IPOs have been the flavour of the season for some time. But the coming together of three mega IPOs, from diverse businesses and historic relevance, could tell a story that's still in the making, points out Nivedita Mookerji.
Reliance Industries Chairman Mukesh Ambani and his family participated in the Maha Kumbh on Tuesday, taking a dip in the Sangam and attending a yagya at Parmarth Triveni Pushp in Arail. The family, including Ambani's mother, sons, daughters-in-law, grandchildren, and siblings, were accompanied by Ambani's mother-in-law and sister-in-law. They joined millions at the spiritual pilgrimage at the confluence of the sacred waters of Ganga, Yamuna, and mythical Saraswati. The family also prayed for "global peace and welfare" at the Vishwa Shanti Yagya.
Reliance Industries chairman Mukesh Ambani on Wednesday announced a fresh investment commitment of Rs 50,000 crore in West Bengal by the end of this decade. Speaking at the Bengal Global Business Summit (BGBS) 2025, Ambani said the investment would generate one lakh jobs in the state.
The richest Asian Mukesh Ambani is flying to Doha to meet US President Donald Trump, his second meeting since Trump returned to presidency in January this year.
Britain's Prince Edward and former prime minister Rishi Sunak were also at the game.
With the regulatory approval from the US Department of Energy in its kitty, Indian multinational conglomerate L&T is planning to focus on manufacturing small modular reactors (SMRs) to play a leading role in the commercialisation of nuclear energy in India.
About 55 banks participated in the deal, making it the largest bank group for a syndicated loan in Asia so far this year.
Oil-to-telecom conglomerate Reliance Industries Ltd will invest Rs 75,000 crore in North Eastern states in setting up 350 biogas plants, expanding its telecom services, retail footprint, and clean energy projects, chairman Mukesh Ambani said on Friday. Speaking at the Rising NorthEast Investors Summit here, Reliance Industries Ltd chairman and managing director said his group will invest in factories for high-quality FMCG products in the region and setting up a 150-bed cancer hospital in Manipur.
India's versatile media and entertainment industry can grow more than three-fold to $100 billion in the next decade, creating millions of jobs and a ripple effect across sectors, billionaire Mukesh Ambani said on Thursday.
Tatas, Ambanis, Adanis, Birlas contributed an average of Rs 800 crore to Rs 1,000 crore per family group.
'You must be good at using AI as a tool of learning but do not give up your own critical thinking.'
The newlywed couple, Anant and Radhika, witnessed athletes showcasing their remarkable skills against tough opposition in Paris
India needs another shot of difficult reform, of the kind only possible at gunpoint. Mr Trump holds that gun to our heads now. A drastic reduction in tariff protection, other elements of sarkari wet-nursing will force entrepreneurial India to become competitive again, argues Shekhar Gupta.
Prime Minister Narendra Modi, his cabinet colleagues Amit Shah, Nitin Gadkari, Rajnath Singh, chief ministers of Nationalist Democratic Alliance-ruled states and prominent personalities from industry and Bollywood on Thursday attended the grand swearing-in of Devendra Fadnavis as Maharashtra Chief Minister in Mumbai.
'Son believes India has a significant opportunity in chip design, especially in creating IP that will be uniquely Indian.'
The TMC-led West Bengal government has already started laying the groundwork for the election, setting the tone with the recent Bengal Global Business Summit and the state Budget.
Reliance Industries chairman Mukesh Ambani on Saturday received a threat email from an unidentified person seeking Rs 200 crore, the communication coming a day after another email threatened that he would be shot dead if he did not pay Rs 20 crore, a Mumbai police official said.
Tennis queen Sania Mirza looked like a vision as she arrived to attend Anant Ambani and Radhika Merchant's Shubh Aashirwad ceremony at the Jio World Centre at the Bandra Kurla Complex, north west Mumbai, on Saturday, July 13, 2024.
Many Dharmagurus attended the Shubh Ashirwad ceremony.
The combined wealth of India's dollar billionaires is now equivalent to 33.81 per cent of India's nominal GDP.
The Supreme Court on Monday dismissed a plea filed by Sebi against a Securities Appellate Tribunal order which set aside the penalty imposed by the market regulator on RIL chairman Mukesh Ambani and two other entities in a case related to alleged manipulative trading in shares of the erstwhile Reliance Petroleum Ltd (RPL) in November 2007. A bench of Justices J B Pardiwala and R Mahadevan said it was not inclined to interfere with the order passed by SAT.
Proxy advisory firm IiAS has recommended that institutional investors should vote against Anant Ambani's appointment on the Reliance Industries board, citing his age as the reason. Is that why Anant and his dad, RIL Chairman Mukesh Ambani, worshipped at the Dwarkadhish temple in Devbhumi Dwarka district, Gujarat, on Tuesday?
According to the spokesperson, Singh has filed a police complaint and the FIR has been lodged for further investigation by the cyber crime cell.
The ransom subsequently kept increasing to Rs 200 crore and Rs 400 crore each time a fresh email was sent.
For the past few days, Tata had been admitted to the Breach Candy Hospital in south Mumbai.
Stepping up the company's AI and cloud play, Reliance Industries chairman Mukesh Ambani on Thursday announced that Jio users will get up to 100 GB of free cloud storage to securely store and access their photos, videos, documents, digital content and data. Addressing the 47th AGM of RIL, Ambani said the Jio AI-Cloud Welcome offer will be launched during the upcoming Diwali, which would bring a "powerful and affordable solution where cloud data storage and data-powered AI services are available to everyone, everywhere". "Jio users will get up to 100 GB of free cloud storage to securely store and access all their photos, videos, documents, all other digital content, and data.
Competition Commission of India on Wednesday said it has approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country's largest media empire. The deal, announced six months ago, has been cleared by the CCI with certain modifications proposed by the two parties.
Nita Ambani welcomed Thomas Bach to her home in a traditional Indian way.
Reliance Industries Chairman Mukesh Ambani has received a threat email from an unidentified person seeking Rs 400 crore, police said on Tuesday.
Politicians across the political spectrum graced Radhika Merchant and Anant Ambani's wedding ceremonies at the Jio World Convention Centre at the Bandra Kurla Complex in north west Mumbai.
Ranveer Singh never said this, and he does not have any relation with any political party, his father said in the complaint.
The Adani family, led by Chairman Gautam Adani, is the most valued first-generation family business at Rs 15.44 trillion.
Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy met business tycoons Mukesh Ambani of the Reliance Group, Naveen Jindal of Jindal Steel, G M Rao of the GMR Group, founder-chairman of Cyient B V Mohan Reddy among others at the Global Investors Summit 2023 'Advantage Andhra Pradesh' in Vishakapatnam, March 3, 2023.
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