Zhang's net worth climbed to $92.8 billion, cementing his position as China's richest person
Near-term retail demand may stay sensitive to macro conditions
Reliance Industries has reportedly slowed preparations for the potential IPO of Jio Platforms amid market volatility and geopolitical tensions linked to the Iran conflict
Reliance is in talks with CATL and other Chinese suppliers for battery components as Beijing's tightening tech curbs reshape its clean energy ambitions
The u-turn was triggered by some Jio shareholders pushing for a higher price band, while the conglomerate favors a more conservative valuation to avoid listing-day losses for retail investors
Jio Platforms net profit up 13% to ₹7,935 crore in Q4
While PPP are not new to Indian cultural initiatives, this edition is more formally organised, with a joint task force bringing together the ministry, NMACC and the Serendipity Arts Foundation
Tycoon Gautam Adani has overtaken fellow Gujarat business czar Mukesh Ambani to become Asia's richest person, as a sustained rally in shares of his ports-to-energy conglomerate lifted his net worth. With a net worth of USD 92.6 billion, Adani surpassed Ambani, whose fortune stands at USD 90.8 billion, to become the richest person in India and Asia, according to the latest billionaire rankings. Adani, founder of his eponymous group, oversees India's largest private seaport network, is the country's biggest renewable energy producer and private airport operator, and ranks among the world's largest coal traders. He is currently ranked No. 19 on the Bloomberg Billionaires Index, which tracks the world's 500 richest individuals and is updated daily. Adani's wealth is largely derived from his shareholdings across the group's 10 listed companies. A recent surge in Adani Group stocks has added billions of dollars in market value, underscoring strong investor appetite for assets linked to .
Court calls complaint a gross abuse of legal process, sets aside summons issued against Reliance and Mukesh Ambani, and imposes a fine on the complainant
Court dismisses complaint against Ambani over faulty Rs 501 handset sold over two decades ago, ruling criminal law cannot be used to target top officials without direct liability
Reliance Retail ranks 7th globally among private firms, as India places three companies in the top 100 dominated by AI giants
Though Bangladesh is reviewing the ban and had said any further steps will depend on opinion of its sports ministry, termination by JioStar means there will be no local broadcaster for the IPL season
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 ...
Ambani's Jio Platforms is set to file for approval of its IPO in Mumbai as early as this week
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
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
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
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
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
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