Page 18 - Mukesh Ambani

Succession at Reliance: A large family fortune starts a risky transition

That transition could arrive by 2028. At Reliance Industries Ltd.'s annual general meeting Monday, the 66-year-old announced that his three children would be joining the board

Top headlines: Delhi airport braces for G20 Summit, RIL AGM, and more

Business Standard brings the top headlines at this hour

RIL AGM 2023: Reliance pumped $10 billion into retail biz in two years

Mukesh Ambani says Reliance Retail will be its fastest growing business in revenues and EBITDA

RIL AGM: AirFiber to go live from September 19 amid fresh telecom push

Reliance Jio has brought 96% of census towns within 5G network, entire country to be covered by December

Decoding Reliance AGM 2023: Mukesh Ambani outlines Jio's mega AI push

Reliance Jio will launch its 5G home broadband service JioAirFiber on September 19, RIL Chairman Mukesh Ambani said on Monday, as he also outlined aggressive plans for AI terming it the "most exciting frontier of growth" for Jio. Other major takeaways from the Reliance Industries' 46th AGM included announcement of Jio True5G Lab, where technology partners and enterprise customers can develop, test, and co-create multiple industry-specific solutions; and 'Jio True5G Developer Platform', a comprehensive platform combining 5G network, edge computing, and a spectrum of applications and services. The RIL top honcho said that JioAirFiber, a fixed wireless broadband offering, uses pan-India 5G network and advanced wireless technologies to bypass the need for last-mile fibre. In other words, it's a 5G broadband service that doesn't need wires. While optical fibre can currently connect around 15,000 premises daily, JioAirFiber will supercharge the expansion with up to 150,000 connections per

Reliance AGM 2023: Isha, Akash and Anant Ambani to join RIL board

Ambani's wife, Nita Ambani, is stepping down from Reliance Industries Ltd's board, as it approved the appointments of Isha, Akash, and Anant Ambani as non-executive directors

Jio promises AI to everyone, everwhere and we shall deliver: Mukesh Ambani

Jio Platforms is keen to lead efforts in developing India-specific AI models and AI-powered solutions across domains, delivering the benefit of this new-age technology to Indian citizens, businesses and government, RIL Chairman Mukesh Ambani said on Monday promising "AI to everyone, everwhere". Terming Artificial Intelligence (AI) as the most exciting frontier of growth for Jio, Ambani outlined ambitious plans on this front at the 46th AGM of Reliance Industries. Ambani pledged the company's commitment to create up to 2,000 MW of AI-ready computing capacity, across both cloud and edge locations, while adopting sustainable practices and greener future. A global AI revolution is reshaping the world and intelligent applications will redefine and revolutionise industries, economies, and even daily life, sooner than expected, the RIL top honcho said. To stay globally competitive, India must harness AI for innovation, growth, and national prosperity, he asserted. "Here is my promise to

RIL AGM LIVE: Mukesh Ambani to remain CMD for 5 years, mentor new leaders

RIL AGM: From Mukesh Ambani's address to major announcements, check all the live updates and news related to Reliance's 46th annual general meeting here

Retail value of Reliance Retail doubled in less than 3 years: Isha Ambani

During the 46th Annual General Meeting (AGM) of Reliance Industries Limited, Isha Ambani, director of Reliance Retail, said that the retail company saw around 1,000 million transactions last year

RIL trades flat ahead of 46th AGM at 2 pm today; Jio Financial surges 5%

At the 46th AGM of Reliance, chairman, Mukesh Ambani is expected to divulge information about JFSL's business and future plans

Reliance AGM 2023 today: Here are the key takeaways from last year's meet

RIL AGM 2023: Ahead of RIL AGM, it is necessary to take a look back at the key announcements made by Ambani at RIL AGM 2022

Reliance AGM: Where and how to watch Reliance's 46th annual general meeting

Reliance AGM 2023: Mukesh Ambani, chairman of Reliance Industries, will address the shareholders and talk about the company's past performance as well as further plans

Stake sale, IPO plans for retail units in focus for Ambani's AGM speech

His once-a-year speech to investors - similar to Warren Buffett's annual letters to Berkshire Hathaway shareholders - has over time evolved into an highly anticipated pageant

Jio Financial recovers after hitting lower limit for five sessions

JFS was automatically included in the benchmark Nifty 50 and Sensex indexes due to Reliance's presence, with the plan to remove the stock at the end of Aug 23

Bail formalities completed, ex-cop may walk out of jail in Antilia case

A special NIA court here on Thursday set bail conditions for former policeman Pradeep Sharma, an accused in the Antilia bomb scare case and killing of businessman Mansukh Hiren, and accepted his plea for provisional cash bail. Sharma is likely to walk out of jail on Friday as the formalities for release on bail were complete, his lawyer Subhash Jadhav said. The Supreme Court on Wednesday granted bail to the former 'encounter specialist' officer of Mumbai police. Arrested in June 2021, he is currently lodged at a jail in Pune. The special NIA court, presiding over the Antilia-Hiren case, asked Sharma to submit a personal bond of Rs 25,000 and surety of the same amount. The court also directed Sharma to inform his latest place of residence and mobile contact number to National Investigation Agency, Mumbai in case of any change. On February 25, 2021, an explosives-laden SUV was found near industrialist Mukesh Ambani's residence 'Antilia' in south Mumbai. Businessman Hiren, who was

Jio Financial makes tepid market debut; shares hit 5% lower circuit

Chairman Kamath says to have late-mover advantage

Shares of Ambani's $20 bn Jio Financial Services set to debut in Mumbai

Jio Financial, which as yet boasts of little revenue but owns a 6.1% stake in Reliance, has already announced a partnership with BlackRock Inc. to set up an Indian asset management venture

India's no 2 tycoon Gautam Adani may avoid stepping on Mukesh Ambani's toes

A fresh blow arrived Saturday as Deloitte Haskins & Sells LLP, the auditor of Adani's ports unit, abruptly resigned the same week June quarter results showed record revenue and operating profit

Reliance Jio likely to announce two 5G smartphones at RIL AGM: Details here

Indicating a forthcoming announcement, two Jio smartphones have recently received certifications from Bureau of Indian Standards (BIS)

Mukesh Ambani sells his four-floor $9 million Manhattan residence

The list of Superior Ink's earlier residents includes Hilary Swank, Nascar's Jimmie Johnson, designer Marc Jacobs and billionaire Leslie Alexander