Mukesh Ambani

Jio Platforms IPO surge ends Tata's reign as India's most valuable group

Jio Platforms' shares surged as much as 23% on debut, pushing Reliance Group's market value past ₹30 trillion and overtaking Tata Group as India's most valuable conglomerate.

Ambani looks to defy market headwinds as Jio makes debut after record IPO

Mukesh Ambani's telecom giant raised $3.1 bn in an IPO subscribed more than 22 times, with grey-market indications pointing to a premium ahead of its listing amid volatile Indian and global markets

Jio Platforms shares trade at 22% premium in grey market ahead of IPO debut

Strong investor demand and a resilient grey market premium fuel expectations of a blockbuster listing for Mukesh Ambani's digital giant

Venezuelan crude offers Reliance margin boost, but supply is a hurdle

Marco Rubio's meeting with Mukesh Ambani has revived interest in Venezuelan crude, but limited supply and strong global refining margins could constrain Reliance's advantage over rivals

Jio IPO falls short of record payday for bankers despite mega issue

Jio Platforms is paying 19 banks about ₹196 crore in fees for its $3.1 billion IPO, just 0.65% of the issue size, as fierce competition squeezes investment banking earnings.

Refining the crude argument

Anti-Americanism is chronic, deep-rooted, and instinctive in India, cutting across party lines. We only undermine our own interests by doing so

Best of Opinion: Global prosperity can no longer be taken for granted

Today's columns examine India's growing cyber risks, uncertainty over Nitish Kumar's political succession, the strategic value of Reliance's Jamnagar refinery and the changing language of Gen Z.

Jio Platforms IPO: Retail quota full, subscribed 3.47 times on day two

The $3.2 billion IPO drew bids for 3.47 times the shares on offer on its second day, led by qualified institutional buyers whose quota was subscribed 9.42 times, exchange data showed

Rubio, Mukesh Ambani discuss energy, technology partnerships at Jamnagar

US Secretary of State Marco Rubio toured Reliance's Jamnagar refinery and discussed energy supplies, technology, data centres and potential commercial partnerships with Mukesh Ambani.

Rubio to meet Ambani in Jamnagar: Venezuelan oil, energy on agenda

With the whole world watching, Marco Rubio will meet Mukesh Ambani today in Jamnagar, home to the world's largest oil-refining complex

US State Secy Marco Rubio arrives in Jamnagar to visit Reliance refinery

US Secretary of State Marco Rubio arrived in Gujarat's Jamnagar city on Wednesday to visit the oil refinery complex owned by Mukesh Ambani-led Reliance Industries Ltd, a day after he described India as a crude oil refining "superpower". Rubio is on a three-day visit to India to advance bilateral ties in energy, trade and investment, defence and critical technologies, besides exchanging views on the West Asia crisis. During his visit, Rubio is scheduled to tour the Jamnagar refinery complex, which assumes significance in the context of his remarks on India's oil refining capabilities and his call for processing more Venezuelan crude in the country. According to the RIL website, its Jamnagar refinery is the "largest and most complex single-site refinery in the world with 1.4 million barrels per day (MMBPD) crude processing capacity and a complexity index of 21.1 - the highest in the world". It states that "the refinery has processed over 216 different grades of crude oil produced in

Jio IPO anchor book sees over 30x demand, draws record bids worth ₹2.5 trn

Jio Platforms' ₹8,110 crore anchor book draws bids exceeding ₹2.5 trillion, with global investors, mutual funds and insurers competing for shares ahead of its ₹30,213 crore IPO

Satcom row: Starlink says India infra has govt approvals, ready for launch

Starlink on Friday said it has worked with Indian regulators, industry and operators for over five years and built dedicated infrastructure in the country "all with the requisite government approvals", as the Elon Musk-led company asserted its readiness to provide high-speed internet services in India. Starlink's post on X also tagged Reliance Industries' statement issued earlier Friday, in which the Mukesh Ambani-led company said it welcomed competition in satellite communications, including from Starlink, but stressed that all players must comply with Indian laws. Starlink responded on X saying: "We have worked closely with regulators, industry and operators in India for 5+ years, and built a network of dedicated systems, gateways, and other infrastructure all in-country to exclusively serve Indian traffic safely and securely - and all with the requisite government approvals." Starlink further said it was ready to connect India with high-speed internet. Friday's exchange comes am

Satcom row: Reliance welcomes competition, says Indian laws apply to all

Reliance Industries welcomed competition from Elon Musk's Starlink in India's satellite communications market but stressed that all operators must comply with Indian laws.

Ambani taps Reliance's 420,000 employees to boost Jio IPO participation

The conglomerate has reached out to staff across its group companies and encouraged them to open trading accounts, as Mukesh Ambani seeks to build interest in the proposed $3.2 billion listing

Marco Rubio to meet Mukesh Ambani in Jamnagar, says US envoy Sergio Gor

The visit is Rubio's second to India this year after a trip to New Delhi in May

Starlink services in India need to be affordable: SpaceX CEO Elon Musk

India could and should challenge Musk's monopoly in space-based communications: Ex-NITI Aayog V-C

Musk slams Ambani supporters for 'hypocrisy' over Starlink's entry in India

Elon Musk on Sunday renewed his attack on Mukesh Ambani over Starlink's entry into India, accusing the billionaire's supporters of indulging in "absurd hypocrisy and hyperbole" in arguing simultaneously that his satellite internet service cannot compete with "amazing low prices offered by Ambani's de facto monopoly in India", even as they claimed - in the same breath - that it poses a strong competitive threat. In a post on X, Musk said competition from Starlink would benefit ordinary Indians by expanding consumer choice, and that while it could lower Ambani's profits "he is not going out of business". Musk also said that if, indeed, Starlink's services were too expensive in India, consumers would not buy them, forcing the company to make its pricing affordable. The "ridiculous arguments" by Ambani's internet supporters "make no sense", he said. "On the one hand, they say Starlink couldn't possibly compete with the amazing low prices offered by Ambani's de facto monopoly in India an

Elon Musk shares reports of Reliance-backed firms' donations to BJP

Elon Musk shared reports of Reliance-backed firms' donations to the BJP, stepping up his campaign against the corporate giant he had accused of blocking the entry of Starlink into India. Musk on Friday evening posted screenshots of news reports on Reliance-backed firms' donations to the BJP, hours after he sarcastically addressed industrialist Mukesh Ambani as "Prime Minister Ambani" and accused him of seeking to protect a "monopoly". Musk had also asked if Ambani would consider allowing the satellite internet service to compete in the country. Earlier, Communications Minister Jyotiraditya Scindia asserted that India does not permit monopolies in any sector, and that despite the buzz around one particular company, three players have received satcom licences and can start operations after individually meeting the security requirements and milestones.

Musk is not worth pandering to

India has good reason to keep satellite communications under the control of operators subject to Indian laws and security oversight