India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Mumbai: Reliance Retail announced acquisition of home appliances maker Kelvinator to strengthen its position, in India's fast-growing consumer durables sector. "This acquisition is a testament to Reliance Retail's unwavering commitment to shaping the future of the consumer durable sector in India by delivering unparalleled value and choice to consumers, nationwide," company said. Kelvinator, a century old American company, pioneered electric refrigeration for home use globally. In India, it achieved iconic status in the 1970s and 80s with its memorable tagline, "The Coolest One,". "Our mission has always been to serve the diverse needs of every Indian by making technology accessible, meaningful, and future-ready," said Isha M Ambani, executive director, Reliance Retail Ventures. "The acquisition of Kelvinator marks a pivotal moment, enabling us to significantly broaden our offering of trusted global innovations to Indian consumers. This is powerfully supported by our unmatched scale, comprehensive service capabilities, and market-leading distribution network," Isha Ambani said. "With Kelvinator now firmly integrated into its formidable ecosystem, Reliance Retail is strategically positioned to accelerate category growth, deepen consumer engagement, and unlock substantial long-term opportunities within India's dynamic consumer durables market," company said.
New Delhi, Jul 18 (PTI) India's most valuable company Reliance Industries on Friday reported its highest-ever quarterly profit of Rs 26,994 crore for the April-June quarter, reflecting a growth of 78.3 per cent over the year-ago period, driven by consumer businesses and investment sales. The oil-to-retail-to-telecom conglomerate's consolidated net profit attributable to owners of the company stood at Rs 26,994 crore, or Rs 19.95 per share, in April-June 2025 compared to Rs 15,138 crore earnings in the year-ago period, according to an exchange filing. Also Read | PM Kisan Samman Nidhi Yojana ...Read More >
Nita Ambani marks three years of NMACC with a heartfelt speech on culture and a warm moment with Mukesh Ambani at the star-studded event. It was a night filled with culture, elegance, and emotion as the Nita Mukesh Ambani Cultural Centre completed three years. Leading the celebration was Nita Ambani, who welcomed guests with a heartfelt speech that reflected both pride and purpose. But beyond the grand event and star-studded presence, it was a simple, warm moment with Mukesh Ambani that quietly ...Read More >
Mumbai (Maharashtra) [India], April 4 (ANI): As the Nita Mukesh Ambani Cultural Centre (NMACC) marked its third anniversary on April 3, 2026, founder Nita Mukesh Ambani made a striking statement on the pink carpet, embodying the institution's ethos through a carefully curated ensemble that fused heritage craftsmanship with contemporary design. Nita Ambani's look stood out for its symbolic and aesthetic detailing. At the heart of her appearance was a custom molten gold silk saree that delivered a luminous, almost liquid-like sheen under the event lights. Also Read | NMACC 3rd Anniversary Bash ...Read More >
Mumbai (Maharashtra) [India], April 3 (ANI): The Nita Mukesh Ambani Cultural Centre (NMACC) has completed its three years on Friday. From Shahid Kapoor to Javed Akhtar, several Bollywood stars attended the celebration today in Mumbai. At the third anniversary of NMACC, Nita Ambani highlighted the cultural significance of the number 'Three' through examples of goddesses and sacred rivers. "Today, Neeta Mukesh Ambani Cultural Centre completes three glorious years, and in our culture, the number three is very auspicious. We have our Trimurti Brahma Vishnu Mahesh, three Devi, Ma Saraswati, Ma La ...Read More >
After making his appearance at the 3rd anniversary celebration of NMACC, Ranveer Singh was seen reaching Jamnagar today, April 8, to celebrate Anant Ambani's birthday bash. Ranveer Singh is currently riding high on the massive success of his recently released film, Dhurandhar: The Revenge. After making his first appearance at the 3rd anniversary celebration of NMACC, the actor was seen reaching Jamnagar today, April 8, to celebrate Anant Ambani's birthday bash. Mukesh Ambani and Nita Ambani's so ...Read More >
MUMBAI, July 3 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Industries said it will spin off its consumer goods unit into a new entity to allow the fast-growing business to attract investors beyond those backing its retail unit. Reliance's consumer business includes brands such as Campa Cola, which competes with Coca-Cola and Pepsi, and dozens of other snacks and confectionery brands that fight for shelf space with the likes of Mondelez's Cadbury chocolates. India's National Company Law Tribunal has approved the internal restructuring under which Reliance will transfer its consume ...Read More >
Mumbai (Maharashtra) [India], July 18 (ANI): Reliance Industries Limited on Friday reported its April-June quarter gross Revenue increased by 6.0 per cent year on year to Rs 273,252 crore. Coming to Jio Platforms, a subsidiary, the revenue increased by 18.8 per cent due to strong subscriber growth across mobility and homes, increased consumption and sustained positive momentum in digital services. Also Read | WCL 2025 Points Table Updated With Net Run Rate: Check Latest Team Standings and Leaderboard of World Championship of Legends Season Two. Reliance Retail Ventures reported its revenue ...Read More >
New Delhi: An Indian elephant taken on an epic journey to a tycoon's giant zoo is expected to return home after protests by the religious community she came from, officials said Wednesday, following a court battle over the animal's welfare at the temple. The story of the 36-year-old elephant called Madhuri reflects both the passion that some communities have for elephants in India -- and the mind-boggling scale of the self-declared "world's biggest wild animal rescue centre". The elephant spent her adult life at a Jain monastery in Kolhapur in Maharashtra state -- where campaigners from Peop ...Read More >
New Delhi [India], October 1 (ANI): Mukesh Ambani has reclaimed his position as the richest Indian, overtaking Gautam Adani, according to the M3M Hurun India Rich List 2025 released on Wednesday. With a wealth of Rs. 9.55 lakh crore (USD 105 billion), the 68-year-old Reliance Industries Chairman returned to the top spot, while Adani, 63, and his family followed closely with Rs. 8.15 lakh crore. For the first time in the history of the list, a woman has made it to the top three. Roshni Nadar Malhotra, 44, and her family secured the third spot with a wealth of Rs. 2.84 lakh crore. She not only ...Read More >
New Delhi: 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 Indus ...Read More >
New Delhi, Jul 18 (PTI) The Supreme Court has said money cannot be recovered by filing an FIR and seeking help of police as it quashed a cheating case against the producer of Bollywood movie "Tanu Weds Manu". A bench of Justices J B Pardiwala and R Mahadevan expressed displeasure over the approach of the Allahabad High Court in dealing with the petition of producer Shailesh R Singh for quashing of the FIR against him by complainant Kunal Jain. "Money cannot be recovered, more particularly, in a civil dispute between the parties by filing a first information report and seeking the help of the ...Read More >
Hurun India Rich List 2025: Ambani, Adani, Roshni Nadar Lead Nation's Wealth Surge India's wealth creation engine continues to accelerate, with a record 358 dollar-billionaires and 1,687 individuals worth over ₹1,000 crore, according to the newly released M3M Hurun India Rich List 2025. The 14th edition of the list, compiled by Hurun India in partnership with M3M India, highlights that Mukesh Ambani, 68, chairman of Reliance Industries, has reclaimed his position as India's richest man, with family wealth pegged at ₹9.55 lakh crore ($105 billion). Close behind is Gautam Adani, 63, with ₹8.15 ...Read More >
New Delhi: In a major strategic step, the Noel Tata-led Tata CLiQ has decided to rebrand the brand as Tata CLiQ Fashion. The move is seen as the company's idea to align with its "fashion-forward approach." Tata CLiQ is the e-commerce arm of the Tata Group. The rebranding marks the company's shift from being a horizontal marketplace to a specialized vertical platform focusing on fashion and lifestyle. The Tata CLiQ Fashion has unveiled a complete visual redesign, featuring a fresh logo, revamped packaging, and updated user experiences on both its app and website. According to a Hindu Businessl ...Read More >
New Delhi: One of the most richest men in the world Mukesh Ambani has recently donated a hopping whopping amount of Rs 151 crore to the prestigious Institute of Chemical Technology (ICT), making it the biggest donation in the history of the institute. Notably, the chairman of the country's most valuable company - Reliance Industries - studied at the institute. Earlier known as the University Department of Chemical Technology (UDCT), the ICT was established in the year 1933 by the University of Bombay. It was given the status of a deemed university in 2008 and subsequently renamed as ICT. Amba ...Read More >
Kolhapur witnessed a massive turnout on Sunday (August 3, 2025) as thousands of locals walked in a silent protest, urging authorities to the bring back 36-year-old elephant Mahadevi, also known as Madhuri, from NGO Vantara's wildlife rehabilitation facility in Jamnagar, Gujarat. Elephant relocated to Gujarat facility run by Vantara from Kolhapur; devotees bid emotional adieu Vantara is the brainchild of Anant Ambani, son of industrialist Mukesh Ambani, and is supported by Reliance Industries Limited and Reliance Foundation The march, led by former Swabhimani Kisan Sangathan president and fo ...Read More >
(Reuters) -A wildlife rescue centre run by the philanthropic arm of billionaire Mukesh Ambani's group has been cleared of allegations of illegal animal acquisition and mistreatment, India's Supreme Court said on Monday, citing findings from a court-appointed committee. In August, India's top court appointed a special investigation team (SIT) to investigate complaints from non-profit and wildlife groups alleging animal mistreatment at Vantara and raising questions over how the animals were brought to the centre. However, the court has said the evidence did not support claims of illegal acquis ...Read More >
New Delhi [India], October 1 (ANI): Mukesh Ambani has reclaimed his position as the richest Indian, overtaking Gautam Adani, according to the M3M Hurun India Rich List 2025 released on Wednesday. With a wealth of Rs. 9.55 lakh crore (USD 105 billion), the 68-year-old Reliance Industries Chairman returned to the top spot, while Adani, 63, and his family followed closely with Rs. 8.15 lakh crore. For the first time in the history of the list, a woman has made it to the top three. Roshni Nadar Malhotra, 44, and her family secured the third spot with a wealth of Rs. 2.84 lakh crore. She not only ...Read More >
European stocks rose on Friday, heading for small weekly gains, as investors focused on corporate earnings to assess the impact of US tariffs on businesses. The STOXX 600 index climbed 0.3% to 548.84 points, set for its second weekly gain. Other major indexes, including Germany's DAX, France's CAC40, and Britain's FTSE 100, also saw modest increases. Swedish defense company Saab jumped 12.7%, leading the STOXX 600, after reporting better-than-expected second-quarter earnings and raising its sal ...Read More >
JAMMU, July 18: Reliance Retail today announced a landmark acquisition of Kelvinator, a strategic move poised to significantly amplify its leadership in India's fast-growing consumer durables sector. This acquisition is a testament to Reliance Retail's unwavering commitment to shaping the future of the consumer durable sector in India by delivering unparalleled value and choice to consumers, nationwide. Speaking on the occasion, Isha M Ambani, executive director, Reliance Retail Ventures Limited (RRVL) said, "Our mission has always been to serve the diverse needs of every Indian by making te ...Read More >
According to company executives, significant progress has also been made on Reliance's 40 GWh battery-storage project, with the first facility expected to become operational next year. Reliance Industries Ltd. (RIL) will commission its solar cell manufacturing unit next month, marking a key milestone in the conglomerate's plan to build India's first fully integrated solar manufacturing value chain. The group is creating a new-energy ecosystem that spans the entire chain -- from solar modules an ...Read More >
Mumbai, June 8 (SocialNews.XYZ) On her milestone 50th birthday, Shilpa Shetty took a heartfelt moment to reflect on her incredible journey and the defining stories that have shaped her both personally and professionally. Celebrating decades of success and growth, she shared insights into the experiences that made her the strong and inspiring woman she is today. Taking to Instagram, she posted a video of her transformation over the years and wrote, "Grateful for my journey and the stories that made me and the ones still on my way. Thank you for all your love and wishes Instafam. #Gratitude #lo ...Read More >
New Delhi, Jul 13 (PTI) Film stars Shah Rukh Khan, Salman Khan and Ranveer Singh, among others, extended their wishes to billionaire industrialist Mukesh Ambani's son Anant Ambani and Radhika Merchant, as they celebrated their first wedding anniversary. The duo tied the knot on July 12, 2024, in Mumbai. The ceremony was attended by several celebrities, including Amitabh Bachchan, Ajay Devgn, Ranbir Kapoor, Alia Bhatt, Tiger Shroff, and Varun Dhawan. It also had reality TV star Kim Kardashian and her sister Khloe, Nigerian rapper Rema, former UK Prime Minister Tony Blair, and global business ...Read More >
New Delhi, Jul 18 (PTI) Jio Platforms on Friday reported a nearly 25 per cent year-on-year rise in net profit to Rs 7,110 crore in the quarter ended June. Jio Platforms Q1FY26 gross revenue climbed 19 per cent year-on-year (YoY) to Rs 41,054 crore, according to the earnings statement released by parent Reliance Industries. Jio Platforms houses Reliance Industries' telecom and digital businesses. Operating revenue growth was driven by a strong rise in subscriber base across mobility and homes, and increasing customer engagement and digital services business, the company said. Mukesh Ambani, ...Read More >
New Delhi: Reliance Retail on Friday announced the acquisition of consumer durables brand Kelvinator in a bid to accelerate its growth in the rapidly expanding premium home appliances market across India.The company, however, did not disclose the financial details of the transaction. The acquisition is poised to significantly amplify the company's leadership in India's fast-growing consumer durables sector, Reliance Retail said in a statement. "The acquisition of Kelvinator marks a pivotal moment, enabling us to significantly broaden our offering of trusted global innovations to Indian consum ...Read More >
Mumbai, July 19 (SocialNews.XYZ) Amid the ongoing verbal spat between Maharashtra Navnirman Sena (MNS) chief Raj Thackeray and BJP MP Nishikant Dubey over the Hindi language debate in Maharashtra, Union Minister and Republican Party of India (Athawale) president Ramdas Athawale on Saturday has called for restraint, urging all parties to maintain peace and avoid statements that could disrupt Mumbai's communal harmony. Responding to the exchange of inflammatory remarks, Athawale said, "Such statements against each other can spoil the atmosphere of Mumbai. We should maintain peace. It's not righ ...Read More >
MUMBAI (Reuters) -Jio BlackRock Asset Management plans to introduce nearly a dozen equity and debt funds in India by the year-end, focusing on small-ticket investments and bypassing distributors to reduce costs, three people familiar with the firm's strategy said. The joint venture between Jio Financial Services, backed by billionaire Mukesh Ambani, and BlackRock, enters India's 72.2 trillion rupee ($844 billion) funds market with a business structure that threatens to shake up the sector, as it leverages its large digital network to bypass traditional distributors used by the rest of the ind ...Read More >
New Delhi, Jul 18 (PTI) India's most valuable company Reliance Industries on Friday reported its highest-ever quarterly profit of Rs 26,994 crore for the April-June quarter, reflecting a growth of 78.3 per cent over the year-ago period, driven by a bumper showing of consumer businesses. The oil-to-retail-to-telecom conglomerate's consolidated net profit attributable to owners of the company stood at Rs 26,994 crore, or Rs 19.95 per share, in April-June 2025 compared to Rs 15,138 crore earnings in the year-ago period, according to an exchange filing. The net profit was also 39 per cent higher ...Read More >
New Delhi, Jul 18 (PTI) The central drugs laboratories have found 55 samples manufactured by various firms in June to be "not of standard quality", health ministry officials said on Friday. Further, state drugs testing laboratories have identified 130 drugs samples as 'not of standard quality', they said. Also Read | Chhattisgarh: 6 Bodies of Naxals Recovered in Ongoing Encounter With Security Forces in Narayanpur. According to routine regulatory surveillance activity, the list of 'not of standard quality' and spurious drugs are being displayed on the Central Drugs Standard Control Organisa ...Read More >
New Delhi, Aug 29 (PTI) Jio Platforms, the entity that houses Reliance Industries' telecom and digital businesses, is gearing up for an initial public offering (IPO) and stock market listing in the first half of 2026, RIL Chairman Mukesh Ambani said Friday, sparking wide expectations that the share-sale could be the biggest in the country's history. Jio is currently a unit of Reliance Industries, India's most valuable company, and while the Reliance Industries Chairman did not disclose the quantum of shares to be listed nor the size of the IPO, markets pundits are speculating that a 10 per ce ...Read More >
Mumbai: India has set a new record with 358 billionaires, up by 24 from last year, according to the M3M Hurun India Rich List 2025. This list tracks the wealth of India's richest people and shows the country's rapid wealth creation. Alongside billionaires, there are 1,687 people worth more than Rs 1,000 crore, indicating that India's rich are growing both in number and strength. Together, these wealthy individuals hold assets worth Rs 167 lakh crore -- almost half of India's GDP. Ambani Leads as Richest Indian, Women and Tech Stars Rise Mukesh Ambani, chairman of Reliance Industries, tops th ...Read More >