Page 14 - Mukesh Ambani

Ram temple event: Ambanis, Bachchan among those on special guest list

Billionaire Mukesh Ambani and his family as well as Bollywood superstar Amitabh Bachchan are among those who feature in a select state guest list of invitees to the consecration of the Ram temple next week. 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. According to the list, which PTI has accessed, Bachchan will fly into Ayodhya in a private chartered plane for the opening of the 161-feet tall pink sandstone shrine. From the film industry, the list features actors Ajay Devgn, Akshay Kumar, Allu Arjun, Mohanlal, Anupam Kher and Chiranjeevi. Besides, sarod maestro Amjad Ali, lyricist and poet Manoj Muntashir and his wife, lyricist and writer Prasoon Joshi, and directors Sanjay Bhansali and Chandraprakash Dwivedi are invited too. Also on the list are billionaire Mukesh Ambani, his mother Kokilaben, wife Neet

Jio Platforms Q3 net profit rises 11.6% on strong subscriber growth

ARPU stays put at ~181.7, same as in Q2

Reliance Industries Q3 results: Profit rises 9.3% to Rs 17,265 crore

The Mukesh Ambani-led conglomerate said its consolidated revenue from operations rose 3.6% to Rs 2.28 trillion

Reliance Retail Q3 profit rises 31.87% to Rs 3,165 cr; revenue up 23.7%

Reliance Retail Venture Ltd (RRVL) on Friday reported a 31.87 per cent rise in its net profit to Rs 3,165 crore for the third quarter ended in December 2023. Its revenue from operations surged 23.75 per cent to Rs 74,373 crore in the December quarter of FY24, led by its grocery, fashion & lifestyle and consumer electronics businesses. The retail arm of billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) posted a net profit of Rs 2,400 crore in the October-December quarter of FY2022-23, and its revenue from operations was Rs 67,623 crore. The gross revenue of Reliance Retail was up 22.83 per cent to Rs 83,063 crore in the December quarter. Its EBITDA margin from operations on net sales was at 8.1 per cent, up 40 bps Y-o-Y driven by operating leverage and continued focus on cost management, said an earning statement from RIL. During the quarter, Reliance Retail added 252 new stores to its network, taking the total count to 18,774 stores. At the end of the December quarter, ..

RIL, int'l partners launch data centre in Chennai, their first in India

Joint venture called Digital Connexion has bought land in Mumbai to set up another data centre

RIL launches Graduate Engineer Trainee programme, to hire engineers

Reliance Industries Ltd, India's largest company, has launched the Graduate Engineer Trainee programme, aiming to hire graduate engineers across businesses - from petrochemicals to new energy. Reliance has opened its entry-level recruitment drive for young engineers named the Graduate Engineer Trainee (GET) 2024 programme from all over India, with an aim to nurture young, high-potential engineering talent for key technical roles across business verticals, the firm said on its website. This year, the application process has been taken online for the first time. Registration for the programme has started from January 11 and will remain open till January 19, the firm said on its website. The online application process -- as opposed to the more commonly used campus recruitment process, wherein companies can visit only a few dozen institutes every year -- is launched with a view to offer equal opportunity to every young engineering student pan-India and democratise access to world-class

Mukesh Ambani re-joins $100 bn club, wealth climbs $2.8 bn to $101.8 bn

The billionaire is the 12th-richest person in the world, ahead of L'Oreal heir Francoise Bettencourt Meyers

HSBC ranked first for India offshore loans in 2023 helped by Reliance deals

Data compiled Bloomberg show the British bank was the bookrunner on roughly $4 billion of US-currency transactions in 2023

Highlights: Ambani, Tata & Adani investment plans dominate Gujarat summit

Catch all the highlights on Vibrant Gujarat Summit 2024 here

Reliance to set up carbon fibre facility in Gujarat, support green growth

Reliance Jio completed the fastest roll-out of 5G infrastructure anywhere in the world

Modi most successful Indian PM, greatest global leader, says Mukesh Ambani

Narendra Modi is India's most successful Prime Minister and the greatest global leader of current generation, billionaire Mukesh Ambani said on Wednesday as he flaunted his group Reliance Industries' Gujarati heritage and its over USD 150 billion (Rs 12 lakh crore) investment in last 10 years. With Prime Minister Modi on the dias, Ambani termed the biennial Vibrant Gujarat Global Summit -- which was conceived when Modi was chief minister of the state two decades back -- as "the most prestigious investor summit in the world". "Our beloved leader who has emerged as the greatest global leader of our times. And he is Shri Narendrabhai Modi, the most successful Prime Minister in India's history," said the head of India's most valuable company Reliance Industries Ltd. He went on to state that when Modi speaks, the whole world not only listens but applauds. "My friends abroad ask me: What is the meaning of the slogan that millions of Indians are chanting: Modi hai to Mumkin Hai? I tell th

At Vibrant Gujarat Global Summit, firms unveil big spending plans

At the Vibrant Gujarat Summit 2024, India's corporate goliaths- Adani, Ambani, and Tata- collectively announced mega investment plans for the state

Mukesh Ambani owns type of Boeing involved in Alaska Air accident

Reliance Industries added the Boeing 737-9 Max to its corporate fleet last year, according to media reports at the time

LIVE: Mukesh Ambani says Reliance-Brookfield to open data centre next week

Catch all the latest updates from across the globe here

Reliance Industries committed to make new investments in TN: Mukesh Ambani

Reliance Industries has committed to make new investments in Tamil Nadu in the renewable energy space, said its Chairman and Managing Director, Mukesh D Ambani on Sunday. Reliance Industries would also inaugurate its state-of-the-art data centre that has been set up in partnership with Canada-based Brookfield Asset Management and US-based Digital Reality. In his virtual address at the inaugural function of the Global Investors Meet 2024 organised by the Tamil Nadu government, Ambani said, Reliance has proudly partnered in Tamil Nadu's growth over the years. Listing the company's investments in the state, he said, We have opened nearly 1,300 retail stores across the state at an investment of over Rs 25,000 crore. Jio has invested over Rs 35,000 crore in Tamil Nadu, bringing the fruits of digital revolution to 35 million subscribers in every town and village in the state." The video message was played in the presence of Union Commerce Minister Piyush Goyal, Chief Minister M K Stalin

Ambani says Reliance-Brookfield to open data centre in Chennai next week

Billionaire Mukesh Ambani on Sunday said his firm Reliance Industries in partnership with Canada's Brookfield will open a data centre in Chennai next week, marking entry into the fast-growing market. Reliance had in July last year invested about Rs 378 crore to enter an existing joint venture, where Brookfield Infrastructure and US-based realty estate investment trust Digital Realty were already partners. The three own 33 per cent each in the venture. Speaking at the Tamil Nadu Global Investors Meet here, Ambani, chairman and managing director of Reliance Industries Ltd, said his group is investing in renewable energy and green hydrogen as well as in setting up a data centre in the state. "Reliance has partnered with Canada's Brookfield asset management and US-based Digital Reality to set up a state-of-the-art data centre, which will be opened next week," he said. The Indian data centres market, which is expected to grow 40 per cent a year and draw USD 5 billion in investments by .

Gautam Adani reclaims Asia's richest spot after relief from Supreme Court

Adani's net worth rose $7.7 billion in a day to $97.6 billion, reclaiming the top spot in the region from Indian compatriot Mukesh Ambani, according to Bloomberg Billionaires Index

Gautam Adani reclaims India's richest title from Mukesh Ambani post-verdict

Reliance Group's combined market-cap at Rs 18.97 trillion, however, is way ahead of Adani Group's Rs 15.1 trillion

The four fortunes riding on PM Modi's victory in Lok Sabha elections

Naturally, the biggest danger of allowing a handful of business groups to aggressively branch into new areas and extend their control over large swathes of economy is extreme concentration of power

India Inc billionaire promoter club: Count swells to record 152 in 2023

Mukesh Ambani back at the top ahead of Gautam Adani