Page 7 - Mukesh Ambani

Shein to re-enter Indian market after 4 years with Reliance's Ajio launch

Shein to re-enter Indian market after 4 years with Reliance's Ajio launch

Ambani, Adani exit Bloomberg's $100 billion club amid financial setbacks

Mukesh Ambani and Gautam Adani, once part of Bloomberg's $100 billion club, have dropped out as their fortunes fell below $100 billion amid business challenges, legal scrutiny, and market setbacks

GRAP III restriction in Delhi, inflation, and more

GRAP-III restrictions have been reimposed in Delhi and the national capital region due to "unfavourable weather conditions, including calm winds and low mixing height," the Commission for Air Quality

Mukesh Ambani names Ira Bindra as Group President for RIL human resources

Mukesh Ambani, the richest Asian, has announced the appointment of Ira Bindra as the new Group President of entire people, leadership and talent piece at Reliance Industries Ltd as he looks to pivot people policies at the oil-to-telecom conglomerate. Normally, its functional heads who make announcements on talent hiring at senior level and Bindra is the first in recent times whose appointment has been announced by Ambani, chairman and managing director of Reliance, himself. She has been hired to drive transformation across the entire organisation. With her appointment, HR transformation at an unprecedented level is expected at Reliance. "Bindra joins us from Medtronic, USA, where she was the Head of Human Resources & Vice President - Global Regions," Ambani said in an internal organisation announcement. Bindra, 47, will be the first non-family woman and the youngest to be on the all-powerful Executive Committee of the group. As Group President - People and Talent at Reliance, she

Reliance Industries seeks up to $3 bn loan to refinance debt due in 2025

About half a dozen banks are in discussions with the Indian conglomerate for the loan, which would be syndicated to wider market in the first quarter of 2025

Ambanis, Noel Tata, other industry leaders attend Fadnavis swearing-in

Captains of the industry, including richest Indian Mukesh Ambani and Tata Trusts Chairman Noel Tata, attended the swearing-in of Devendra Fadnavis as Chief Minister of Maharashtra on Thursday. Ambani, the chairman of Reliance Industries, was accompanied by his son Anant and daughter-in-law Radhika at the public event held at Azad Maidan in the country's financial capital. Others present at the swearing-in, which was also attended by Prime Minister Narendra Modi, included Mukesh's younger brother Anil Ambani. The event, held at the ground which has served as a protest site since colonial times, saw thousands of people from the general public in attendance. Shiv Sena's Eknath Shinde and NCP's Ajit Pawar also took oath as Deputy Chief Ministers. Billionaire Kumarmangalam Birla, another city-based industrialist, also attended the event along with his daughter Ananya. The father-daughter duo was seated close to financial services industry veteran Deepak Parekh. Sun Pharma's Dilip Sha

We must strengthen national, int'l collaboration in research: Mukesh Ambani

Mukesh Ambani said that early detection is half the battle won in the fight against cancer at an event in Bengaluru

RIL arm acquires 21% stake in US-based Wavetech Helium for $12 million

The acquisition, according to industry sources, is seen as RIL's attempt to gain further understanding and explore potential in the helium-related segment

Reliance's refining margins recover but retail remains uncertain: JPMorgan

One of the two drivers of Reliance Industries Ltd's recent underperformance - weak refining margin - has reversed but the other, poor-retail top-line growth, is difficult to anticipate, brokerage JP Morgan said in a report. Reliance stock is down 22 per cent from its peak on July 8 (NIFTY down 3.3 per cent), sharply reversing outperformance from earlier in the year. In a market where most stocks are trading well above historical valuations, Reliance's fair relative valuations are an attraction. The company helmed by billionaire Mukesh Ambani has three main business verticals - oil refining and petrochemical business housed in oil-to-chemical (O2C) unit, telecom arm Jio and retail. It also has a media unit and a new energy business. Reliance Retail plus Telecom now account for about 50 per cent of total 2023-24 (FY24) consolidated EBITDA. These, JP Morgan estimates, will account for almost all of net EBITDA growth over the next three years. With an EBITDA run-rate of USD 20 billion

Maharashtra polls: Mukesh Ambani, family cast votes in Mumbai

Maharashtra polls: Mukesh Ambani, family cast votes in Mumbai

Adani plans $2 bn convention centre in Mumbai to rival Ambani's Jio Centre

The Mumbai Metropolitan Region Development Authority has reportedly approved Adani's international convention centre design, set to be Mumbai's largest

Supreme Court dismisses 1994 Sebi appeal against Ambani's Reliance entities

SC dismisses Sebi's appeal against Reliance Investment Holdings, Mukesh, and Anil Ambani over 1994 takeover norms breach, citing 'inordinate delay' in the regulator's actions

Zhang Yiming tops China's rich list, but Mukesh Ambani still leads Asia

India is riding high, adding more billionaires than ever and outpacing China's wealth growth

India to see 20 times growth in computing capacity in 2024: Nvidia CEO

India, a country "dear" to the world's computer industry, is set to witness 20 times growth in compute capacities in 2024, and will soon be exporting impactful AI solutions, Nvidia founder and CEO Jensen Huang said on Thursday. Speaking at the Nvidia AI Summit 2024 here, Huang emphasised Nvidia's commitment to expanding its ecosystem in India. "India is very, very dear to the world's computer industry, central to the IT industry, at the centre and core of the IT of just about every single company in the world. "Nvidia's ecosystem in India is very rich; 2024 will see a a 20 times growth in compute capacities in India," he said. Huang described the current state of the industry as undergoing a "seismic change" due to AI advancements and suggested that India, which has traditionally been a hub for software exportation, is poised to become a leader in AI exportation in the future. "India exported software; in the future, India will export AI," he said, pointing towards the country ...

Starlink vs Jio: Trai extends satellite spectrum pricing debate deadline

Major satellite players like Musk's Starlink and Jeff Bezos-owned Amazon Kuiper are advocating for lower spectrum prices in India

Musk VS Ambani: Centre rejects Ambani's satellite spectrum auction proposal

Billionaire Elon Musk welcomed India’s indication of preferring the allocation route for satellite spectrum over auctions.

Centre rejects satellite spectrum auction; Elon Musk says much appreciated

Earlier, Elon Musk had criticised Mukesh Ambani's auction proposal for satellite services as "unprecedented", while advocating for a direct licensing method of allocation

Reliance results: Weak O2C, Retail biz to keep shares sideways, say experts

RIL share price: Some brokerages have also cut Reliance Industries (RIL) share price targets, factoring-in the sluggishness seen in oil-to-chemical (O2C) and retail verticals

Elon Musk takes on Ambani over satellite spectrum allocation in India

The disagreement centres around whether satellite broadband spectrum should be auctioned or administratively allocated in India

Jio Platforms Q2FY25 results: Higher tariffs see net profit at Rs 6.5K cr

ARPU rises to Rs. 195.1 after 4 quarters, but subs fall after 7-quarter growth streak