Page 22 - Mukesh Ambani

Andhra Global Investors Summit: Mukesh Ambani talks 10-Gw solar play

"I am happy to announce that we will continue our investments and we will invest in 10 Gw of renewable solar energy in AP," said Ambani.

Reliance to set up 10 gigawatt solar energy project in AP: Mukesh Ambani

Reliance Industries Chairman Mukesh Ambani on Friday said his group will be investing in Andhra Pradesh to set up a 10 gigawatt renewable solar energy project. Speaking at the inaugural session of the two-day Global Investors Summit 2023 here, Ambani said as much as Rs 1.50 lakh crore was invested in Reliances' KG-D6 assets, developing and supporting gas pipeline and the natural gas produced there is fuelling India's clean energy transition and will contribute to nearly 30 per cent of the country's gas production. "I would like to assure you that Reliance will continue to be an unflinching partner to the people and the Government of Andhra Pradesh in your state's all-around accelerated progress. This morning, I am happy to announce that we will continue our investments and we will invest in 10 gigawatts of renewable solar energy in the state of Andhra Pradesh, Ambani said. According to him, the rollout of Jio True 5G will be completed by the end of 2023 throughout the country and

Reliance to set up 10 gigawatt solar energy project in Andhra: Ambani

Reliance Industries Chairman Mukesh Ambani on Friday said his group will be investing in Andhra Pradesh to set up a 10 gigawatt renewable solar energy project. Speaking at the inaugural session of the two-day Global Investors Summit 2023 here, Ambani said under the determined and farsighted leadership of Prime Minister Narendra Modi, India has now become the fastest growing economy in the world. Similarly, Andhra Pradesh has grown phenomenally under the leadership of Chief Minister YS Jagan Mohan Reddy. "This morning, I am happy to announce that we will continue our investments and we will invest in 10 GW of renewable solar energy in the state of Andhra Pradesh, Ambani said. He further said Reliance has invested over Rs 1.50 lakh crore in its KG D-6 assets, developing and supporting gas pipelines. Today the natural gas produced by Reliance in KG D-6 basin was fuelling the country's clean energy transition and will contribute to nearly 30 per cent of its gas production. "This is

Ambani, others bigwigs attend Global Investors Summit in Visakhapatnam

With the presence of industry bigwigs such as Mukesh Ambani of Reliance Group, GM Rao of GMR Group, founder-chairman of Cyient BV Mohan Reddy, the Global Investors Summit 2023 "Advantage Andhra Pradesh" began here on Friday. The sprawling sports grounds of Andhra University is hosting the two-day meet, where about 200 stalls have been set up, including over 30 showcasing the various advantages of investing in Andhra Pradesh in 13 crucial sectors identified by the government. The venue has five massive halls and each hall will host different events such as government-to-business (G2B) meetings, seminars, and meetings. Over 8,000 dignitaries and investors from across India and 40 other countries including China and USA are attending the event, a government press release said. Speaking at the inaugural session, AP Finance Minister Buggana Rajendranath Reddy said the dream is not only to re-establish AP as the industrial hub of the India but of the globe. "We have proximity to Chennai

Indian cricket: Where Mukesh Ambani might pull ahead of Gautam Adani

The two billionaires have adopted different playbooks. While Adani went headlong into public utilities, Ambani has focused on private wants

Mukesh Ambani's next disruption: Foray into genome testing with a $145 kit

The project to bring affordable personal gene-mapping to India's 1.4 bn people, will potentially create a treasure trove of biological data that can aid drug development and disease prevention

SC directs to provide Z-plus security to Mukesh Ambani, family members

The Supreme Court has directed to provide the highest level Z-plus security to industrialist Mukesh Ambani and his family members all across India and abroad. A bench of Justices Krishna Murari and Ahsanuddin Amanullah said it was of considered opinion that if there is a security threat, the security cover cannot be restricted to a particular area or place of stay. Highest Z+ Security Cover provided to respondent nos. 2 to 6 (Ambanis) shall be available all across India and the same is to be ensured by the State of Maharashtra and Ministry of Home Affairs. Highest Level Z+ Security Cover, as per the policy of Government of India, be also provided, while respondent nos. 2 to 6 are travelling abroad and the same shall be ensured by the Ministry of Home Affairs, the bench said. The top court said the entire expenses and cost of providing Z+ security cover to Ambanis within the territory of India or abroad shall be borne by them. It said that looking into the business activities of ..

Elon Musk returns to the top, becomes richest person on the planet again

The rise in Musk's wealth can be attributed to the rally in Tesla stocks that has outpaced the rally in the Nasdaq 100 Index so far this year

Norway sovereign fund raised Ambani bets ahead of Adani Group exit

Overall India bets have nearly doubled since pandemic began

More value to be discovered, NCLT has usurped powers of CoC: Reliance

The lenders of Reliance Capital have submitted before the National Company Law Appellate Tribunal (NCLAT) that the Committee of Creditors (CoC) of the corporate debtor Reliance Capital Ltd

Reliance opens its first store in partnership with Gap Inc. in Mumbai

Reliance Retail is the official retailer of Gap across all channels in India, the company said in a press release

Gautam Adani, and Mukesh Ambani are the top wealth losers this year

According to the Bloomberg Billionaires Index, Adani's wealth has eroded by more than $78 billion this calendar year

Mukesh Ambani's conglomerate to stream IPL for free after paying $2.7 bn

Viacom18 Media Pvt., the joint venture between Paramount Global and Ambani's conglomerate Reliance Industries Ltd., licensed the IPL streaming rights last year for $2.7 billion

Reliance to invest Rs 75,000 crore in UP to expand telecom network

Billionaire Mukesh Ambani on Friday announced Rs 75,000 crore investment over the next four years in expanding the telecom network, including roll out of 5G services, retail and new energy business in Uttar Pradesh. Speaking at the UP Investor Summit, he said his group's telecom arm Jio will roll out 5G services across the state by December 2023. Also, the oil-to-telecom conglomerate will set up 10 GW of renewable capacity and start a bio-energy business in the state, he added.

Gautam Adani loses pole position in net worth to Mukesh Ambani

The Adani family was the fastest gainers among billionaire's for three consecutive years in CY20, CY21 and CY22

Mukesh Ambani to buy stake in US entrepreneur Josh Kushner's Thrive Capital

A group of global billionaires worth at least $123 billion are buying a stake in Thrive Capital, the venture-capital firm founded by Josh Kushner

Bombay HC denies bail to ex-cop Pradeep Sharma in Antilia bomb scare case

The Bombay High Court on Monday refused to grant bail to former policeman Pradeep Sharma, who is arrested in connection with the Antilia bomb scare case and for the killing of businessman Mansukh Hiran. A division bench of Justices Revati Mohite Dere and R N Laddha said it was dismissing Sharma's appeal challenging a special court order rejecting his bail plea. Sharma had approached the high court last year challenging a February 2022 order of a special NIA court rejecting his bail plea. The National Investigation Agency (NIA) has alleged that Sharma had helped his former colleague Sachin Waze to eliminate Hiran. On February 25, 2021, an explosives-laden SUV was found near industrialist Mukesh Ambani's residence 'Antilia' in south Mumbai. Businessman Hiran, who was in possession of the SUV, was found dead in a creek in neighbouring Thane on March 5 last year. Sharma was arrested in the case in June 2021 and is presently in judicial custody. While the former policeman claimed ther

Global demand concerns likely to weigh on energy markets, says RIL

RIL's oil-to-chemicals (O2C) business, was mixed in terms of performance, reporting 10 per cent Y-o-Y growth in revenue in Q3, though there was a decline of 9.4 per cent sequentially

Ambani 1st among Indians, 2nd globally on Brand Guardianship Index 2023

Billionaire Mukesh Ambani has overtaken the likes of Satya Nadella of Microsoft and Google's Sundar Pichai to be ranked No.1 among Indians and second globally on the Brand Guardianship Index 2023

RIL Q3 results: Net profit slips 15% but tops estimate, revenue up 17%

Crude price volatility weighs on PAT; board clears raising Rs 20K cr via NCDs