Commenting on the global economy, Ambani said, 'In this world of volatility and uncertainty, India is shining as a beacon of stability and prosperity'
Asia's richest man Mukesh Ambani drew nil salary from his oil-to-telecom-and-retail conglomerate Reliance Industries for the fourth straight year in a row while his children earned a sitting fee and a commission for being on the board of India's most valuable company. Ambani, 67, had capped his annual remuneration at Rs 15 crore from financial year 2008-09 (April 2008 to March 2009) to 2019-20 (FY20); and since FY21, he opted to forego his salary, due to COVID-19 pandemic, until the company and all its businesses were fully back to their earnings potential. In 2023-24, he got 'nil' as salary, allowances, and perquisites as well as retiral benefits, according to the latest annual report of the company. Ambani, who has been on the board of Reliance since 1977 and was elevated as chairman of the company after the death of his father and group patriarch Dhiburhai Ambani in July 2002, was just last year re-appointed as the head of Reliance for another five-year term till April 2029 - a .
Jio Studios, the media and content arm of Billionaire Mukesh Ambani-led Reliance Industries, has garnered Rs 700 crore at the box office, according to the latest annual report of the oil-to-chemicals company. The company has an "action-packed year" with 11 theatre releases, 35 direct-to-digital releases and 8 original web series across languages and genres produced by the company, which is "the largest by any film studio" in 2023-24. These were released across theatres, OTT and broadcast platforms including Jio Cinema, Netflix, Amazon Prime Video, Disney+ Hotstar, Colors and Star Network, it added. "With eight consecutive hits, Jio Studios' films garnered a whopping Rs 700 crore at the box office with every second film in Q4 FY2024 being a Jio Studios film," it said. Besides, Jio Studios also has an "extensive pipeline of theatrical spectacles", the report added. "Jio Studios has strategically expanded its presence beyond the Hindi market, making significant inroads in regional .
The Jio True5G network now carries almost 30% of Jio's mobility data traffic, the company said in its annual report 2023-24
Misses Q1 earnings estimates despite gains in consumer, upstream segments
Anant Ambani and Radhika Merchant married on July 12 at the Jio World Convention Centre in the Bandra-Kurla Complex (BKC), Mumbai. The extravagant wedding celebrations went on till 15th July
Anant Ambani and Radhika Merchant's wedding was held at the Jio World Convention Centre on July 12, 2024. The grand celebration attracted international stars, politicians, and social media influencers
Anant, the youngest of the 67-year-old's three children, kicked off his marriage celebration in March
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Interest income was down 19.8 per cent to Rs 162 crore in Q1FY25 as against Rs 202 crore in Q1FY24
Radhika Merchant-Anant Ambani's five-month wedding celebration ended with the Mangal Utsav on July 14, which was a star-studded event, however, many stars were conspicuously missing from the bash
Anant-Radhika wedding: The wedding was attended by key Bollywood figures, former UK PMs, senior Indian politicians and reality TV star Kim Kardashian
100 chartered flights to land in Mumbai; hotel rents shoot up
According to media reports, the estimated costs of these weddings start from Rs 100 crore and go up to Rs 700 crore
Traffic restrictions have been implemented for the three days during which Anant Ambani and Radhika Merchant's wedding is set to take place
Mukesh Ambanis and his family have hired three of Club One Air's Falcon-2000 jets for the grand wedding of Anant Ambani and Radhika Merchant
In 2016, Reliance Ethane had raised a loan of $572 million with a 12-year tenor to purchase six new ethane carriers
Anant Ambani-Radhika Merchant wedding: Former US Secretary of State Hillary Clinton and former UK PM Boris Johnson will also be part of the grand wedding. Check the full guest list here
Orry shared a vlog at Anant Ambani and Radhika Merchant's pre-wedding festivities taking place in Italy's Portofino. He along with Tania Shroff can be seen tasting different cuisines at the event
Justin Bieber performed at Anant-Radhika's pre-wedding event. Reports claimed that he was paid a hefty amount to perform at the ceremony