Page 8 - Mukesh Ambani

Reliance Industries board approves bonus share issue in 1:1 ratio

This is the oil-to-chemicals conglomerate's first bonus issue since 2017, when its stock price was roughly Rs 700

Wealth of richest 185 Indians surges past $1 trillion, one woman in top 10

A report by Fortune India-Waterfield Advisors said that the wealth of dollar billionaires in India jumped 50 per cent in just under three years

RIL share to stay sideways amid no 'big bang' AGM announcements: Analysts

Reliance AGM: O Reliance Industries share price dipped 1.1 per cent to an intraday low of Rs 3,007 per share. It, eventually, ended 0.7 per cent lower at Rs 3,019.75 per share

Jio Brain to AI-Cloud welcome offer: Key tech announcements from RIL AGM

Mukesh Ambani announced that Reliance is establishing a "national AI infrastructure" aligned with Jio's vision of "AI Everywhere For Everyone

AI technology should not be a luxury reserved for a few, says Mukesh Ambani

Jio Brain unveiled to streamline AI

Adani tops Ambani as India's richest on Hurun list, SRK makes debut

The cumulative wealth of all individuals on the list amounts to Rs 159 trillion, accounting for more than half of India's gross domestic product (GDP)

Jio aims to add a mn broadband homes every month, says Mukesh Ambani

Jio will aim to add a million broadband homes every month to achieve 100 million home broadband customers in a record time, RIL Chairman Mukesh Ambani said on Thursday. While speaking at RIL's 47th AGM, Ambani said JioAirFiber clocked first million customers in six month. "By leveraging our deep-tech capabilities and continuously optimising every process, we acquired the next 1 million air fibre customers in just 100 days. We are now challenging ourselves to add a million homes every 30 days. With this momentum, we are confident of reaching our target of 100 million home broadband customers at record speed," he said. He said Jio is also targeting over 20 million small and medium businesses, 1.5 million schools and colleges, over 70,000 hospitals, and 1.2 million doctors to connect with broadband.

Deal with Disney marks new era in entertainment industry: Mukesh Ambani

A day after anti-trust regulator CCI greenlit the mega merger of media assets of RIL and Walt Disney, Reliance Chairman Mukesh Ambani on Thursday said the deal marks the beginning of a new era in India's entertainment industry. Welcoming Disney to the Reliance family, Ambani said just like Jio and the Retail business, the expanded media business will be an invaluable growth centre in the Reliance ecosystem. "Let us now talk about our partnership with Disney. This marks the beginning of a new era in India's entertainment industry. We are combining content creation with digital streaming," he said at the RIL AGM. On Wednesday, Competition Commission of India approved the merger of media assets of Reliance Industries and The Walt Disney Co to create the country's largest media empire worth over Rs 70,000 crore. Reliance, through holding firm Network 18, owns TV18 news channels as well as a plethora of entertainment (under the 'Colors' brand) and sports channels. "We will provide ...

Reliance to commission first solar giga-factory this year: Mukesh Ambani

Reliance Industries Ltd, India's most valuable company, plans to commission its first solar giga-factory this year as part of a pivot towards green energy, its chairman Mukesh Ambani said on Thursday. The solar giga factory will include the manufacturing of PV modules, cells, wafers and ingots, polysilicon, and glass at a single location. The modules convert sunlight into electricity. Addressing the annual shareholders meeting, he said the first train of 20GW solar PV (photovoltaic) manufacturing "will commence production" by the end of this year. It is also targeting industrialising sodium-ion cell production at the MW level in 2025 and the first 50 MWh a year lithium battery cells pilot in 2026. Reliance, in 2021, announced plans to invest USD 10 billion over three years to develop a new fuels business based on 100 GW of renewable power capacity by 2030. The plan involves setting up four giga factories for manufacturing renewable equipment, battery storage, fuel cells and hydrog

Reliance announces green energy-powered data centres for AI in Jamnagar

During the Reliance AGM, Mukesh Ambani said that under Reliance Jio's 'AI everywhere for everyone' vision is aimed offering AI and related services to Indians at affordable rates

'Not in the business of hoarding wealth': Mukesh Ambani addresses 47th AGM

Reliance Industries Chairman Mukesh Ambani addressed the 47th Annual General Meeting, in which he reiterated the company's commitment to the nation's growth

Jio to launch "AI Cloud Welcome Offer" this Diwali, announces Mukesh Ambani

Reliance stated that it is developing a suite of AI-powered services collectively called JioAI. Among the first services to roll out will be JioPhone Call AI

IPO-bound Reliance Retail grants ESOPs worth Rs 351 crore to top employees

The Mukesh Ambani-owned company is cemented as the largest retailer in India and has 304 million registered customers

Jio IPO, new-energy biz update: Here's what to expect from RIL's 47th AGM

RIL AGM 2024: Given RIL's historical performance and the significant developments in its various business segments, investors have high expectations from the 47th AGM

Jio Financial secures approval to raise foreign investment cap to 49%

In May 2024, the company sought shareholder approval to raise the foreign investment threshold to 49% as part of a strategic initiative to attract significant foreign capital

RIL AGM likely to focus on new energy business, Jio and Retail IPOs

1st AGM since Ambani family's next gen joined board

RIL, Aditya Birla Group race to capture India's growing consumption market

Both companies' new businesses have emphasis on segments within the consumer space, with Aditya Birla Group recently announcing its entry into the jewellery retail space

Ambani takes Shein's help to battle Tata in race to sell affordable fashion

Reliance Industries Ltd. has poured more than $2 billion into its retailing unit over the past year

Brand matters: Anil Ambani's firm moves NCLT against IIHL using 'Reliance'

According to the family agreement, the brand is owned equally by brothers Mukesh and Anil

Ambani family's wealth 10% of India GDP: Barclays-Hurun India report

Adani family, the most valued first-generation family business valued at Rs 15.45 trillion