Page 3 - Mukesh Ambani

Fluctuating tariffs, global strains curbed energy demand, says RIL

Firm identifies quartet of risks to watch through FY26 in its annual report

Reliance unveils four tech-driven growth engines for future expansion

Reliance Industries has built four high-powered growth engines of retail, digital services, media and entertainment, and new energy to propel the conglomerate's next phase of expansion, Chairman Mukesh Ambani said. Parallelly, Reliance is reshaping itself into a new-age deep-tech enterprise, he said in a message to shareholders in the firm's latest annual report. The firm, which traditionally had oil and petrochemicals as the growth drivers, has in the last few years ventured into retail - both online and physical stores - telecom and digital services, built a media empire around news and entertainment channels, and laid the foundation for giga factories for its clean energy foray. "Each of these (four) platforms is technology-first, innovation-led, and positioned to disrupt industries while delivering massive value to Indian consumers and the global market," Ambani said. On its mainstay cash-cow oil-to-chemicals (O2C) business, which houses the world's largest single location oil

Ambani draws no salary for 5th yr; his promoter group earns ₹3,600 cr

Asia's richest man Mukesh Ambani drew nil salary from his oil-to-telecom-and-retail conglomerate Reliance Industries for the fifth year in a row and dividends remain his main source of earnings. Ambani, 68, 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 2024-25 (FY25), he got 'nil' as salary, allowances, and perquisites as well as retiral benefits, according to the latest annual report of the company. However, dividend income seems to be the source of earnings for the world's 18th richest person with a net worth of just under USD 100 billion. He directly holds 1.61 crore shares in Reliance, earning Rs 8.85 crore in dividend income based on the Rs 5.50 per share dividend declared by the company for FY25. The promoter group firms that he controls,

Explained: Why the Ambani family is investing in Jio Financial, not RIL

Ambani family's ₹10,000 crore capital infusion into Jio Financial bypasses RIL. Here's what it signals for strategy, control, and the future of the group's NBFC play

Ambani family's stake likely to top 51% in Jio Financial Services

Board to meet Wednesday to consider fundraising options including rights issue, QIP and preferential allotment as promoters eye majority control in Jio Financial

Reliance set to launch green energy gigafactories within next 6 quarters

Reliance to launch clean energy gigafactories in Jamnagar within four to six quarters; units to produce solar panels, batteries, and electrolysers, cutting energy costs by at least 25 per cent

Reliance Retail Q1FY26 results: Net profit up 33% on expansion spree

The firm's revenue from operations stood at ₹73,720 crore, up 11.3% year-on-year, while its gross revenue also rose by 11.3% to ₹84,171 crore

RIL Q1 Preview: Profit to see strong YoY growth led by retail, Jio, and O2C

The Mukesh Ambani-led Reliance Industries is scheduled to announce its first-quarter results for the current financial year (Q1FY26) on July 18

Jio BlackRock to disrupt India's fund market with low-cost strategy: Report

On average, the cost associated across plans will be lower for Jio BlackRock funds compared with the industry average, one of the sources said, declining to specify a level

Mukesh Ambani bets big on US ethane amid shifting global trade dynamics

Mukesh Ambani's Reliance ramps up US ethane imports as India shifts from naphtha-based production, reshaping petrochemical supply chains amid evolving global trade and energy dynamics

Street view: Why are analysts bullish on Reliance Industries stock?

Nuvama reiterated its 'buy' call but raised its target price to ₹1,801, the second highest on the street, after Mirae Asset Securities' ₹1,950

5 technical reasons why Jio Financial Services stock can rally another 22%

Jio Financial Services has surged over 67% in the last four months; here are 5 reasons why the stock looks strong on technical charts.

Anant Ambani to get ₹10-20 cr salary as executive director of Reliance

Anant Ambani, the youngest son of billionaire Mukesh Ambani and the first among three siblings to be appointed Executive Director on flagship Reliance Industries, will be paid Rs 10-20 crore salary annually plus a host of perks including a commission on company profits, according to a shareholder notice. While the richest Asian's all three children - twins Akash and Isha, and Anant - were inducted on board of the oil-to-telecom-and-retail conglomerate in 2023 as non-executive directors, the youngest of the three was in April this year appointed Executive Director of Reliance Industries Ltd. As non-executive directors, the three were entitled to no salary and were each paid a sitting fee of Rs 4 lakh in 2023-24 fiscal year and a commission on profit of Rs 97 lakh each. But as an Executive Director, Anant, 30, will be entitled to salary and other prerequisites. Reliance in a stock exchange notice on Sunday said shareholder approval for the appointment has been sought through a postal

'AI is our future, not a side bet', says Ambani on Reliance's next big leap

Mukesh Ambani says Reliance will use artificial intelligence and deep tech to build its next phase of growth, calling it the company's biggest leap after telecom and energy

SC rejects plea to revoke Z+ security cover for Ambani, warns petitioner

A Supreme Court bench today expressed concern over the repeated filing of what it called "frivolous" and "vexatious" petitions against industrialist Mukesh Ambani and his family

Reliance to extend full aid to relief of Air India plane crash: Ambani

Richest Asian Mukesh Ambani on Friday offered full support of his oil-to-telecom group to the relief operations for the victims of the Air India plane crash. In a statement, Ambani, Reliance Industries Ltd Chairman and Managing Director, said he and his wife Nita "are deeply pained and anguished by the grave loss of life caused by the tragic plane crash in Ahmedabad". "We extend our sincere and heartfelt condolences to all those affected by this tragic incident," he said. "In this hour of grief, Reliance extends its full and unwavering support to the ongoing relief efforts and stands ready to assist in every possible way". A London-bound Air India Boeing 787-8 aircraft crashed into a medical college complex moments after taking off from Ahmedabad's Sardar Vallabhbhai Patel International Airport on Thursday, killing 241 of the 242 people on board. The flight was carrying 169 Indians, 53 British nationals, seven Portuguese nationals, and one Canadian national when it burst into flame

Stocks of Mukesh Ambani-owned companies dip up to 58% from 2024 high

Alok Industries, HFCL, Just Dial, Network 18, Den Networks and Hathway Cable, part of RIL-group holdings, were seen trading with huge losses even as RIL stock hit a 8-month high on Wednesday.

Gautam Adani’s salary trails peers & Group execs: Know how much he earns

Billionaire Gautam Adani earned ₹10.41 crore in FY25, a 12% rise from last year, however, his pay remains lower than many industry leaders, and even some top executives in his own companies.

Gautam Adani draws ₹10.41 crore salary in FY25: Who earned more than him?

Billionaire Gautam Adani drew a salary of ₹10.41 crore in FY25, an increase of 12% from the previous year, but remains behind several peers and group executives in remuneration

Mukesh Ambani offers ₹151 cr 'Guru Dakshina' to honour ICT mentor

Reliance Industries Ltd chairman and managing director Mukesh Ambani announced an unconditional grant of Rs 151 crore to his alma mater the Institute of Chemical Technology, Mumbai. Ambani had graduated from ICT in the 1970s. He spent over three hours on Friday at ICT which back then was called the University Department of Chemical Technology (UDCT) at a function to publish Professor MM Sharma's biography 'Divine Scientist'. Ambani reminisced how the first lecture he attended at UDCT by Professor Sharma motivated him and how Sharma later played the role of quiet architect of India's economic reforms. Sharma impressed upon the policymakers that the only way for India to grow was to unshackle Indian industry from license-permit-raj, which would allow Indian players to build scale, reduce dependence on imports and compete globally. "Like my father Dhirubhai Ambani, he had a burning desire to change Indian industry from scarcity to global leadership," said Ambani, adding that "these