Mukesh Ambani

HC junks plea seeking CBI probe against RIL over illegal gas extraction

The Bombay High Court on Friday dismissed a petition seeking a CBI probe against Reliance Industries Limited and its chairman and managing director Mukesh Ambani for alleged unlawful extraction of natural gas from ONGC's Krishna-Godavari basin fields. A bench of Chief Justice Shree Chandrashekhar and Justice Suman Shyam refused relief to the petitioner Jitendra Maru who had sought registration of an FIR for the offences of theft, dishonesty, misappropriation and criminal breach of trust. A copy of the order was not yet available. As per Maru, RIL allegedly engaged in a "massive organized fraud" from 2004 to 2013 by drilling sideways from its contracted deep-sea wells into the adjacent Oil and Natural Gas Corporation (ONGC) wells, thus illegally extracting natural gas. The petition claimed that the ONGC had discovered this alleged unauthorised extraction in 2013 and had reported it to the Government of India. Maru in his plea relied on an independent investigation conducted by ...

Reliance Jio woos investors to sell 8% of individual stakes in IPO

Ambani's Jio Platforms is set to file for approval of its IPO in Mumbai as early as this week

Reliance Jio hires 17 banks for IPO, plans no fresh fundraise: Report

The IPO will be executed as a so-called "offer for sale" in India, three of the sources said, where only existing shareholders sell their shareholding to public

Hurun Rich List 2026: India now has 308 billionaires, ranks third globally

India added 57 billionaires in the past year, even as Mukesh Ambani remained Asia's richest person and Mumbai strengthened its position as a major global hub for billionaire wealth

Jio Platforms IPO delayed amid regulatory limbo over listing rules

Ambani said in August that Reliance was aiming to list Jio in the first half of 2026, a plan he had first signaled 2019 - back then with a five-year timeline

₹10 trillion over 7 years: Reliance Industries makes bold bet on AI

Mukesh Ambani says the investment will build India's sovereign compute capacity, expand data centres, green power and edge infrastructure to make AI affordable and ubiquitous

Reliance to invest ₹10 trillion in AI over next 7 years: Mukesh Ambani

RIL chairman Mukesh Ambani said India cannot afford to 'rent intelligence', adding that Jio will reduce the cost of intelligence as dramatically as it did the cost of data

RIL smartly deploying cash war chest to ride AI boom; analysts remain bullish

Meanwhile, at the bourses, in the last one year, RIL stock has outperformed the market by rising nearly 17 per cent compared to the 12 per cent rise in the Nifty 50 index, data shows

Reliance to invest ₹10 trn in 7 years to reduce intelligence cost

Reliance chairman Mukesh Ambani says Jio and Reliance will invest ₹10 trillion over seven years to lower the cost of intelligence and build India's sovereign compute capacity

India AI Summit 2026 Day 4: Macron, Sam Altman, Pichai among key speakers

India AI Impact Summit 2026: PM Narendra Modi will inaugurate Day 4 as global tech leaders, CEOs and policymakers gather in New Delhi for keynotes and discussions on AI's future and governance

Jio Financial Services names Sandeep Khetan Group chief risk officer

Jio Financial Services has named Sandeep Khetan as its new Group Chief Risk Officer, replacing S Anantharaman, who has resigned and will step down from the role on March 20

India's growth story is a multi-decade opportunity: BlackRock's Larry Fink

BlackRock chief Larry Fink said India could emerge as one of the world's defining growth engines over the next two decades, driven by policy stability, infrastructure push and rising confidence

Sustained double-digit growth achievable for India: Mukesh Ambani

Reliance Industries Chairman Mukesh Ambani on Wednesday said sustained double-digit growth for India is possible, and that stable economic leadership defines a country. Speaking at a JioBlackRock event here, Ambani also said that in the next decade, India will not be importing 80 per cent of its energy. Every Indian village has a 5G network that is better and cheaper than any other country, he noted. Sustained law and order for 15-20 years and social harmony are prerequisites for economic growth, Ambani said, adding that "I can clearly see 100 new Reliances coming up in the country".

Ambani, Adani group stocks surge after India-US finalise trade deal

While the trade deal's details are still unknown, it removes a key overhang for companies led by Asia's two richest people, both of whom had been in American cross-hairs for much of last year

Margin pressures drag down Reliance Industries' profit to 4-quarter low

Retail, oil & gas divisions remain laggards

Reliance Retail's Q3FY26 results: Net profit rises 2.1% to ₹3,558 crore

Revenue from operations stood at Rs 86,951 crore, up 9.2%

Reliance says battery manufacturing plans on track, 2026 target unchanged

Reliance Industries on Monday said its plans for battery storage manufacturing remain unchanged and are progressing in line with target timelines. Commenting on reports of the conglomerate pausing plans to make lithium-ion battery cells in India after failing to secure Chinese technology, a company spokesperson said, "We would like to categorically affirm that there has been no change in our plans for creating a world leading battery storage manufacturing ecosystem from cell to containerised ESS, and they are progressing well in line with our target timelines". Reliance had previously indicated 2026 as the target to begin manufacturing battery cells. Its chairman and managing director Mukesh Ambani had in August last year told shareholders that Reliance's battery giga factory will start in 2026, and that it will begin with 40 GWh per year capacity and expand modularly to 100 GWh per year. The spokesperson said updates on new energy business, including battery plans, had been regula

Reliance halts cell-making plans after failing to secure China tech

Talks stalled after the Chinese company withdrew from the proposed partnership amid Beijing's curbs on overseas technology transfers in key sectors

Reliance's AI manifesto eyes 10x boost in productivity for workforce

Mukesh Ambani has outlined a draft Reliance AI Manifesto to make the group AI-native, targeting 10x productivity for over 600,000 employees and a wider 10x impact on India

India must lead in AI while prioritising empathy in tech adoption: Ambani

Billionaire Mukesh Ambani on Saturday said India must become a world leader in artificial intelligence, but stressed the need for greater empathy in adopting new-age tech. The Chairman and Managing Director of Reliance Industries said the largest Indian corporate is at the "doorstep" of solving India's energy challenge with solar energy and storage solutions. Speaking at an event here on the occasion of the International Human Solidarity Day, Ambani said RIL's telecom arm Jio has catapulted India into the digital mainstream of the world by laying the foundation with its services. "... of course we need AI. We (India) must become world leaders in AI. But above all, we need empathy and compassion even more," Ambani said. "By combining intelligence with empathy, prosperity with purpose, India can present a new model of development to the rest of the world," the richest Indian said. He said there were many "disbelievers" about the telecom business even within RIL. In an apparent refe