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Reliance AGM 2025 - Jio IPO Announced At its 48th Annual General Meeting (AGM) Reliance Jio made a lot of important announcements. The company also talked about a decade of transformative impact on India's digital landscape and also revealed the roadmap for the future. With more than 500 million users of the Jio family, chairman Mukesh Ambani declared the company's next chapter will be even more ambitious and will aim to reshape digitisation, connectivity and AI across the country.Reliance Jio p ...Read More >
Mumbai: The biggest news at Friday's 48th annual general meeting (AGM) of Reliance Industries Ltd (RIL) came in the form of upcoming Initial Public Offering (IPO) of Reliance Jio Platforms. RIL chairman and managing director Mukesh Ambani announced that the telecom and digital giant will file for an IPO in the first half of 2026. "Today, it is my proud privilege to announce that Jio is making all arrangements to file for its IPO," Ambani said. "We are aiming to list Jio by the first half of 2 ...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 quan ...Read More >
MUMBAI: Reliance Industries will more than double its Ebitda or operating profit by 2027, chairman Mukesh Ambani said, outlining the group's value creation roadmap that focuses on building new growth engines while strengthening existing businesses to ensure sustained, long-term value creation. Addressing shareholders at the company's 48th annual general meeting here Friday, he said 2027 will mark the 'golden decade' of the company when it turns 50. Ambani said that Reliance has already transfor ...Read More >
New Delhi, Aug 29 (PTI) India's largest retailer Reliance Retail is confident of delivering a 20 per cent CAGR over the next three years and is looking to scale its FMCG business by over eightfold in the next five years to Rs 1 lakh crore, besides investing invest Rs 40,000 crore to create Asia's largest food parks. Reliance, which now eyes global expansion of FMCG business "will invest Rs 40,000 crore (USD 4.7 billion) to create Asia's largest integrated food parks with AI-driven automation, r ...Read More >
The Ambani residence in Mumbai was decorated with lights and floral arrangements with unmatched grandeur, creating a dazzling and festive ambience ahead of Ganesh Chaturthi. Reliance Industries chairman and managing director Mukesh Ambani's residence, Antilia, in Mumbai, is all decked up as Anant Ambani and Radhika Merchant brought Lord Ganesh to their home ahead of Ganesh Chaturthi celebrations tomorrow (August 27). Anant Ambani and Radhika Merchant, who got married last year, brought home th ...Read More >
New Delhi, Aug 28 (PTI) India's gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Stopping Russian oil imports would force India, the world's third-largest oil importer and consumer, to rely on limited alternatives, potentially driving global crude prices up to USD 100 per barrel amid rising demand and tight supply. "Benefit from Russi ...Read More >
Hyderabad: Bollywood power couple Ranveer Singh and Deepika Padukone were spotted in Mumbai on Thursday as they stepped out for Ganpati darshan, a day after Ganesh Chaturthi. The duo visited a prominent Ganpati pandal in the city, where they were seen offering prayers together. Both stars turned heads in their ethnic outfits. Deepika, dressed in a heavily embellished kurta, tied her hair neatly in a bun as she bowed before Lord Ganesha and offered prasad. Ranveer, who sported a gold and green o ...Read More >
Vantara did not initiate or request the relocation of the elephant named Mahadevi from a monastery in Kolhapur to its facility in Jamnagar but served only as the 'court-appointed recipient facility', the NGO said in a statement. IMAGE: The female elephant Mahadevi, also called Madhuri, in Vantara. Photograph: Kind courtesy @vantara/Instagram Mahadevi, who was with a Jain monastery at Nandani in Maharashtra's Kolhapur district for over three decades, was relocated to the Radhe Krishna Temple El ...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 spen ...Read More >
Hyderabad (Telangana) [India], August 4: Rx Propellant, an Actis platform, is proud to announce that 1GV, its flagship life sciences campus located in Genome Valley, Hyderabad, has been awarded the prestigious EDGE Advanced Certification by the International Finance Corporation (IFC), a member of the World Bank Group. This recognition highlights 1GV exceptional performance in energy efficiency, water conservation, and use of low-carbon materials--cementing its position as one of the most sustain ...Read More >
NEW DELHI: The Enforcement Directorate is likely to summon some bankers for questioning in the investigation related to loans issued to the Anil Ambani group that later became non-performing assets. The investigative agency has sent letters to the managements of 12-13 banks, both in the private and public sectors, seeking details about the procedures and due diligence followed in sanctioning loans to Reliance Housing Finance, Reliance Communications and Reliance Commercial Finance, , according ...Read More >
Anil Ambani has been summoned by the Enforcement Directorate for questioning in connection with an alleged '17,000-crore loan fraud case. Searches were conducted at multiple locations linked to Reliance Group. SEBI shared findings of a probe into alleged diversion of '10,000 crore by Reliance Infrastructure to Reliance Group units through an undisclosed related party. The Directorate of Enforcement (ED) has summoned Anil Ambani, chairman and managing director of Reliance Group, for questioning ...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 L ...Read More >
Bulandshahr: A court in Bulandshahr delivered its verdict in the Syana violence case that dates back to December 2018. The court convicted all 38 accused individuals, including prominent local activists and community members. Mob Violence Erupted Over Cow Carcass Discovery The violence followed the discovery of cow carcasses near Mahav village, prompting protesters to storm Chingrawathi police outpost. They set vehicles ablaze, leading to escalating chaos. During the riot, Inspector Subodh Kum ...Read More >
New Delhi: A look out circular (LOC) has been issued against Reliance Group chairman and managing director Anil Ambani, close on the heels of the Enforcement Directorate (ED) summoning the businessman for questioning on August 5 in connection with an alleged Rs 17,000 crore loan fraud case. The ED sent a request to the authority concerned to issue an LOC against Ambani, soon after summoning him at its headquarters in the capital, said people familiar with the matter. "The request for opening an ...Read More >
Patna, Aug 1 (PTI) Healthcare services were affected at AIIMS-Patna on Friday as resident doctors went on an "indefinite strike" in protest against the alleged high-handedness of Sheohar MLA Chetan Anand. According to a press statement issued by the Resident Doctors' Association (RDA), AIIMS-Patna, on Friday, "The RDA expresses deep disappointment and anguish over the lack of action by the administration following the violent and traumatic incident that occurred on Wednesday, when MLA Chetan An ...Read More >
New Delhi, Aug 1: The Enforcement Directorate has summoned Reliance Group Chairman Anil Ambani for questioning on August 5 in a money laundering case linked to an alleged bank loan fraud worth crores of rupees against his group companies, official sources said on Friday. The federal probe agency has also notified a Look Out Circular (LOC) against the 66-year-old businessman to stop him from travelling abroad, the sources said. He has been asked to depose at the ED headquarters in Delhi on Augu ...Read More >
Chennai, August 1: Actor, music director and producer G V Prakash Kumar, who has won the National Award for Best Music Direction (Songs) for the Tamil, Telugu bilingual film Vaathi, has called the honour "a blessing for the second time". Taking to his X timeline soon after the 71st National Awards were announced, G V Prakash expressed his gratitude to the jury and the selection committee of the National Awards and the entire team of Vaathi. G V Prakash wrote, "A blessing for the second time. I' ...Read More >
New Delhi [India], August 1 (ANI): The Enforcement Directorate (ED) has issued a Look Out Circular (LOC) against industrialist Anil Ambani in connection with an ongoing investigation into an alleged Rs 17,000-crore loan fraud case, sources said. LOC is issued to prevent a person from leaving the country while the probe is underway. The ED has not released an official statement on the matter yet. ED move comes after the agency summoned Anil Ambani for questioning in the case and directed him to ...Read More >
New Delhi [India], August 1 (ANI): The Enforcement Directorate (ED) has issued a Look Out Circular (LOC) against industrialist Anil Ambani in connection with an ongoing investigation into an alleged Rs 17,000-crore loan fraud case, sources said. LOC is issued to prevent a person from leaving the country while the probe is underway. The ED has not released an official statement on the matter yet. Also Read | Anil Ambani in Trouble: ED Issues Look Out Circular Against ADAG Chairman in INR 17,000 ...Read More >
Mumbai: The Enforcement Directorate (ED) has issued a Look Out Circular (LoC) against Anil Ambani, chairman of the Anil Dhirubhai Ambani Group (ADAG), in connection with its ongoing probe into an alleged Rs 17,000-crore bank loan fraud case. The LoC was issued on Friday at the request of the federal financial probe agency to prevent Ambani from leaving the country without prior clearance, senior officials confirmed. Ambani Summoned in ₹17,000 Crore Bank Fraud Investigation The ED has summoned ...Read More >
Shloka Mehta Ambani shares her thoughts on balancing work and parenting, emphasising the importance of setting a positive example for children. She co-founded ConnectFor, a platform that links volunteers with NGOs. ConnectFor has achieved remarkable milestones in volunteering hours and financial savings for non-profits. Shloka also highlights the need for greater recognition and funding in India's social sector. In a rare and heartfelt interview, Shloka Mehta Ambani, businesswoman, philanthropi ...Read More >
July 18 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Industries (RELI.NS), opens new tab beat estimates for quarterly profit on Friday, powered by strong growth in its energy, retail and digital services businesses. Consolidated profit soared 78.3% to 269.94 billion rupees ($3.14 billion) for the quarter ended June 30, beating analysts' average estimate of 198.59 billion rupees, according to data compiled by LSEG. Reliance's core oil-to-chemicals segment, which contributes about 57% ...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 state ...Read More >
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 ach ...Read More >
Bombay HC orders transfer of Mahadevi elephant from Kolhapur Jain Math to Vantara The Bombay High Court on Wednesday dismissed a plea by Jain Math in Kolhapur that sought setting aside the order of a high-power committee (HPC) paving way for transfer of the Mahadevi (Madhuri) elephant to Radhe Krishna Temple Elephant Welfare Trust (RKTWET) at 'Vantara' in Jamnagar, Gujarat. The court directed that the elephant be transferred to the Jamnagar Trust within two weeks. The Child Welfare Warden of M ...Read More >
Bengaluru: The Karnataka Commercial Tax Department has once again issued a clarification regarding the recent tax notices sent to bakeries, condiments, and tea stalls in Bengaluru. Following earlier backlash, the department had stated that traders with annual turnover below ₹1.5 crore can opt for the Composition Tax Scheme and pay only 1% tax, offering significant relief. Now, in a press release, the department reiterated that traders who have received notices should visit their respective tax ...Read More >
Hyderabad: Heritage Foods Limited, a leading Indian dairy brand, reported its highest-ever quarterly revenue of Rs11,368 million for the first quarter of FY26, registering a 10% year-on-year growth despite headwinds from unseasonal rainfall across its key markets. The company, which is celebrating 34 years of operations, attributed its strong performance to steady progress in milk procurement, resilient milk and value-added product (VAP) sales, and its continued focus on quality, innovation, an ...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 mome ...Read More >
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