Page 2 - Mukesh Ambani

Building AI for India and by India, says Reliance CMD Mukesh Ambani

Mukesh Ambani said Reliance Intelligence will commission 120 MW of AI infrastructure by end-2026, supporting more than 200,000 H100-equivalent GPUs at scale

RIL betting on India's energy 'supercycle' with major investments

Reliance Industries is positioning itself for what Chairman Mukesh Ambani described as an impending energy "supercycle" in India, ramping up investments across renewable energy, chemicals, advanced materials and alternative fuels as the conglomerate seeks to reduce the country's dependence on imported energy. Speaking at company's annual shareholder meeting, Ambani said Reliance is pursuing an integrated energy strategy spanning solar power, batteries, wind energy, hydrogen, compressed biogas (CBG), bioenergy and underground coal gasification, aimed at strengthening India's energy security while supporting its transition to cleaner fuels. The push comes as India remains heavily dependent on imported energy, with Ambani warning that reliance on overseas supplies leaves the country exposed to geopolitical disruptions and price volatility. "India remains dependent on external energy sources for over 70 per cent of our needs. This is not only costly, but it also makes India vulnerable t

Jio IPO may unlock value and trigger Reliance rerating, say experts

Market participants expect Jio Platforms' IPO to improve valuation discovery, attract investor interest and unlock value for Reliance Industries shareholders

RIL Chairman Mukesh Ambani pushes young engineers to build AI for India

Reliance Industries' Chairman Mukesh Ambani on Friday placed the country's engineering talent at the centre of Jio's massive artificial intelligence push, calling on them to join forces to "build for India" as the Reliance Intelligence enters the next phase, of execution. Asserting that India should not remain a mere consumer of AI built elsewhere, Ambani outlined Jio's next growth chapter that pivots heavily toward artificial intelligence. "I firmly believe that India should not be a mere consumer of AI created elsewhere. It must become a creator, adopter, and global leader in AI," Ambani said while speaking at Reliance Industries' 49th AGM. He noted that Reliance Intelligence announced last year aimed to build a profitable AI infrastructure, platform, and services business serving consumers, enterprises, and governments at scale. "We set out with a clear vision, identified the focus areas, and began building the right partnerships with Google, Meta, and NVIDIA. Now, we are enteri

Mukesh Ambani's promise to investors on Jio IPO to be tested this week

Shareholders of the energy-to-entertainment conglomerate will hear updates from Ambani on Friday at the company's 49th annual general meeting

Jio IPO details, data centre strategy: Expectations from RIL's 49th AGM

RIL's annual report, according to CLSA, highlights the company's ambition to leverage AI offerings, plans to expand data centre capacity, along with progress in new energy.

As trillion-dollar fortune beckons Musk, how far behind are the rest

SpaceX's blockbuster IPO could make Elon Musk the world's first trillionaire. Here's a look at the wealthiest people globally and in India

Mukesh Ambani's Reliance Group enters Mumbai slum redevelopment sector

The tender also attracted bids from metals giant JSW Group and conglomerate Shapoorji Pallonji Group

Ambani-backed robot startup Addverb seeks $100 million to lead in India

Addverb, whose robots handle sorting, material movement and other tasks at logistics firms, warehouses and electronics companies, is scouting for more capital after expanding in various markets

TikTok founder surpasses Mukesh Ambani to become Asia's 2nd richest person

Zhang's net worth climbed to $92.8 billion, cementing his position as China's richest person

Reliance Industries flags 'extreme volatility' risks from West Asia crisis

Near-term retail demand may stay sensitive to macro conditions

$4 billion Jio IPO hits roadblocks on impact of West Asia conflict

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 turns to CATL as Chinese tech curbs hit battery ambitions

Reliance is in talks with CATL and other Chinese suppliers for battery components as Beijing's tightening tech curbs reshape its clean energy ambitions

Reliance may offer all new shares in Jio IPO in major U-turn: Report

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 is moving 'steadily' towards IPO, says Mukesh Ambani

Jio Platforms net profit up 13% to ₹7,935 crore in Q4

India returns to Venice Biennale via journeys linking past with its future

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

Adani overtakes Ambani to become Asia's richest with $92.6 bn net worth

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 .

High Court quashes petition against Mukesh Ambani & RIL, fines complainant

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

'It will open floodgates': HC dismisses complaint against Mukesh Ambani

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 7th among top 100 VC-backed private firms globally: Study

Reliance Retail ranks 7th globally among private firms, as India places three companies in the top 100 dominated by AI giants