The said fabric will be made from speciality engineered fibres for denim and other woven fabrics
Reliance Jio, which stormed the sector with free calls and data forcing rivals to merge or exit as revenues declined, has amassed 215 million subscribers since its 2016 launch
Ambani has added $4 billion to his fortune this year as Reliance doubled its petrochemicals capacity and investors cheered the success of his disruptive telecom upstart Reliance Jio Infocomm Ltd
The company put a resolution to re-appoint Ambani 'for a period of five years, on expiry of his present term of office, i e with effect from April 19, 2019' at the 41st Annual General Meeting
Helmed by India's richest man Mukesh Ambani, the company has struck at least 12 deals over 12 months with an estimated tab of about 289 billion rupees ($4.21 billion)
After Dhirubhai Ambani's demise on July 6, 2012, Mukesh was elected Chairman and Managing Director of RIL, while younger brother Anil was elected Vice Chairman and MD
Nita Ambani, the chairman's wife, who is a non-executive and non-independent director on the board saw her compensation rise Rs 15.6 mn
Ambani voluntarily capped his compensation at Rs 150 million in October 2009 amid a debate over right-sizing of CEO salaries
India is one of the world's biggest users of coal, and renewable energy such as solar power is a priority for Prime Minister Narendra Modi's government
Over 50,000 people also attended the celebrations at the Reliance Corporate Park, Navi Mumbai
At Rs 2.9 lakh crore, RIL's incremental capex is nearly 3 times the combined capex of the next 5 family-owned business groups
Mumbai's chief fire officer Prabhat Rahangdale said the intensity of the fire was very low
Half a dozen fire tenders were rushed to douse the flames, a civic official said
It's making huge losses as gas production from KG basin in the Bay of Bengal has declined
To a question as to what money means to him, the country's richest man said "nothing"
RIL is getting many Indians who have held leadership roles in other countries in the past
If you focus on financial results the chances are you would not become great and solve a problem, he said
As US president Donald Trump keeps the world on tenterhooks with his protectionist ways that can have a debilitating impact on the Indian IT sector, RIL Chairman Mukesh Ambani today advised the industry to look at it as a blessing in disguise to focus on home market. "Trump can actually be a blessing in disguise. The domestic IT industry can focus on solving problems right here, which is a huge market," Ambani told the three-day Nasscom leadership forum that opened here today. Incidentally, the comments from Ambani who has spent over Rs 1.2 trillion in his new telecom venture Reliance Jio, come on the same Nasscom platform that delayed its customary annual growth projection to May as the industry awaits clarity on Trump's plans to more than double the minimum salary for H1-B visa-holders and massively curb visa issuance to techies. The problem is that the USD 155-billion domestic IT industry nets over 65 per cent of its revenues from the US. Nasscom again lowered its revenue ..
While explaining how technology is impacting several businesses, he gave example of use of Aadhaar
Domestic IT industry can focus on solving problems right here, which is a huge market, says Ambani