What manufacturing was for China, super intelligence will be for India: Ambani
The combined networth of India's 100 wealthiest is $381 billion (nearly Rs 25.5 lakh crore), a rise of 10 per cent from $ 345 billion in 2015
Billionaire Mukesh Ambani on Thursday unveiled the next phase of growth at Reliance Industries Ltd, with retail and telecom worth over $100 billion each, doubling revenues and pre-tax profit in 3-4 years, new energy business becoming profitable by 2031, and core oil and chemical business continuing to be the robust growth engine. The sprawling conglomerate with interests in refining, oil and gas, petrochemicals, telecom, retail, and media is on track to more than double in size before the end of the decade, Ambani, chairman and managing director of Reliance, told company shareholders.
The celebrations continued with the mehendi ceremony for Radhika Merchant and Anant Ambani.
The freebies are now over, but Jio will need to notch up subscriber numbers and margins to prove its sceptics wrong.
Also spotted in Jamnagar: Hardik Pandya, Ishan Kishan, Suryakumar Yadav, Krunal Pandya, Rashid Khan, Nicholas Pooran, Dwayne Bravo.
RIL had said at that time the allegations were baseless and devoid of any merit.
While about 8,000 people are in the long list of invitees, the select list features just a few hundred people, including prominent politicians, leading industrialists, top film stars, sportspersons, bureaucrats and diplomats.
Prepare to be obsessed with her pre-wedding styles.
Bollywood's glamorous divas got another excuse to show off their fashion at the grand premiere of Zoya Akhtar's film, The Archies, held at the Nita Mukesh Ambani Cultural Centre in Mumbai.
For the past few days, Tata had been admitted to the Breach Candy Hospital in south Mumbai.
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 2016 upstart, called Jio, dislodged rivals and has emerged as the nation's No. 4 carrier by offering call services free for life and data transmission at dirt cheap rates.
American chip behemoth Nvidia Corp and India's retail-to-refining giant Reliance Industries on Thursday unveiled their goal to build a formidable AI computing infrastructure in the country. Highlighting the tie-up, Jensen Huang, founder and CEO of Nvidia, made a broader appeal: India should focus on "manufacturing" AI, rather than racing to build semiconductor fabs. As part of this collaboration, Nvidia will reportedly supply its Blackwell AI processors to power Reliance's one-gigawatt data center in Jamnagar, Gujarat.
Thanks to a $5.7 billion deal with Facebook, a Rs 53,125 crore rights issue and more stake sale to companies such as Saudi Aramco, the target is likely to be achieved by December.
With RIL supplying about 47 per cent of the domestic petcoke production, current dynamics are bound to change.
Business tycoons at the Ambani's pre-wedding celebrations at Jamnagar, Gujarat.
He was in Jamnagar for Anant Ambani and Radhika Merchant's pre-wedding celebrations.
She looked after him for 11 years.
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.
While Reliance has the clout to negotiate prices with suppliers for its e-commerce, not to forget the cost advantage of integrated warehouse and supply chains, Amazon and Walmart are no pushovers, they too have deep pockets.
The licensee will have to ensure that at least half the areas under rural telecom exchanges gets the required street level coverage.
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?
Newly appointed Ambassador of the United States (US) to India Eric Garcetti visited Mumbai on Tuesday and met Reliance Industries Chairman and Managing Director Mukesh Ambani and Bollywood superstar Shah Rukh Khan at the actor's residence 'Mannat', besides offering prayers at Mumbadevi Temple and Jama Masjid.
The wedding celebrations of Aamir Khan's daughter Ira and Nupur Shikhare continued on Saturday, January 13, 2024.
Reliance Retail has bought a 25.8 per cent stake in Dunzo, India's leading quick commerce player, for $200 million (around Rs 1,488 crore) as it looks to expand its presence in online grocery delivery business. Dunzo has raised $240 million (about Rs 1,787 crore) in its latest funding round that was led by Reliance Retail Ventures Ltd (RRVL) - the retail arm of Reliance Industries, the two firms said in a statement. Existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital also participated in the funding round.
So many film folk turned up at the opening night of the Jio MAMI Film Festival, held at the Nita Mukesh Ambani Cultural Centre (NMACC) in Mumbai.
'These are capex and infrastructure-linked sectors, PSUs or stocks of some corporate houses.'
'The top 10 per cent of the population should adopt and handhold the bottom 20 per cent of the population as a social responsibility.'
Paytm operator One97 Communications Ltd on Wednesday said it is not in talks to sell a stake to the Adani Group. Adani group has also termed such reports as "false and untrue." Commenting on a report that billionaire Gautam Adani was in talks with Paytm CEO Vijay Shekhar Sharma for a possible stake buy, One97 Communications said, the "news item is speculative and the company is not engaged in any discussions in this regard."
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.
He urged every investor to follow his steps and invest in Gujarat.
The CCI has asked the companies to explain within 30 days why an investigation should not be ordered.
Bollywood stars turned up to wish Isha Ambani's twins Aadiya and Krishna on their first birthday.
Ambani's wife Nita Ambani, a non-executive director on the company's board, earned Rs 600,000 sitting fee.
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.
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.
The dazzling ladies who stunned at the reception.
'Ever since elections have been announced, these people (Congress) have stopped abusing Ambani-Adani'
The plan is to de-notify the entire SEZ.
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