Page 8 - Mukesh Ambani

Satellite spectrum battle: Ambani calls for auction; Musk backs allocation

While Starlink and Amazon's Project Kuiper are batting for administrative allocation of satellite spectrum, Reliance Industries argues that auctions are necessary to ensure a fair playing field

Bill Gates remembers Ratan Tata's legacy: 'Moved by his sense of purpose'

Ratan Tata passed away on Wednesday. Many noted personalities paid tributes to the former Tata Sons chairman's remarkable life, remembering his dedication to society's progress

Forbes 2024: Ambani leads, Adani gains big, India's rich hit new high

This year marks a milestone for India's wealthiest, as the collective wealth of top 100 richest Indians crossed $1 trillion for the first time. Mukesh Ambani tops Forbes' 2024 List as India's richest

Life comes back full circle for RIL stock in Navratri 2024; here's how

Reliance Industries stock traded below the 200-DMA in Navratri 2023, and has now once again slipped below the key long-term moving average after almost a year. Check key support levels for RIL here.

BP to continue with Ambani firm even after exclusivity with Reliance ends

Global supermajor BP Plc's exclusivity with Reliance Industries Ltd has ended but the energy giant will continue to pursue oil and gas as well as mobility ventures in India with the Mukesh Ambani firm owing to an unwritten strategic partnership, BP's outgoing India head Sashi Mukundan said. BP in 2011 spent USD 7.2 billion to acquire 30 per cent interest in 23 oil and gas blocks of Reliance. Eastern offshore KG-D6 block was the cornerstone of the deal that also provided for a 10-year exclusivity period which meant that BP would take up energy projects or investments in India only in partnership with Reliance. The firm has so far invested more than USD 12 billion across the energy value chain including bringing on stream three new deepwater natural gas projects in KG-D6 that account for one-third of India's gas production. "We started working with Reliance as early as 2005 when first (the then BP CEO) Lord John Browne visited India," Mukundan said. It finally fructified in the 2011

Armani/Caffe makes India debut with launch at Jio World Plaza in Mumbai

Reliance Retail launched India's first Armani cafe at Jio World Plaza in Mumbai. The upscale cafe, Italian fashion house Giorgio Armani, features designer's favourite dishes, and 52 imported wines

Mukesh Ambani reaches Mumbai hospital to visit Deepika-Ranveer's baby girl

Mukesh Ambani visited Deepika Padukone and Ranveer Singh in hospital last night to congratulate the couple and bless the newborn. The B'wood couple became parents to a baby girl on Sept 8

Elon Musk to turn trillionaire by 2027, Gautam Adani next in queue: Report

Elon Musk, with a current wealth of $237 billion and a growth rate of 110% annually, could become the world's first trillionaire by 2027, a new report has revealed

Ambani, Adani wooing mom-and-pop investors into financial markets

Adani Enterprises, is for the first time marketing bonds to mom and pop investors. The following day, Ambani-led Reliance's board approved giving shareholders an extra share for every one they hold

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