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BEIJING/NEW DELHI: Indian billionaire Mukesh Ambani's Reliance Industries is rushing to get its orders of battery components out of China ahead of new export curbs, two people briefed on the matter said, as concerns mount worldwide about how Beijing intends to enforce its widening export control regime. A team from Reliance has travelled to China to speed up the work, one of the sources said. Reliance and China's Ministry of Commerce did not respond to a request for comment. The people decline ...Read More >
New Delhi, Oct 26 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd may spend about USD 12-15 billion over the next few years on AI infrastructure that could include a giant 1GW data centre, Morgan Stanley said in a report. Ambani had at the company's annual shareholder meeting in August announced a major push into AI through a new subsidiary and strategic partnerships. A new wholly-owned subsidiary, Reliance Intelligence will spearhead the conglomerate's AI initiatives that will be ce ...Read More >
Bollywood stars Janhvi Kapoor and Aryan Khan arrived in Jamnagar for Isha and Akash Ambani's grand birthday bash, joining celebs like Arjun Kapoor and Disha Patani. Bollywood stars are reaching Jamnagar, Gujarat to attend Isha Ambani and Akash Ambani's grand birthday celebration. While yesterday afternoon, videos of Disha Patani and Arjun Kapoor exiting the airport came out, several other stars have also landed in the city. Last night, Janhvi Kapoor was clicked leaving from Jamnagar airport alo ...Read More >
Jamnagar (Gujarat) [India], October 25 (ANI): The city of Jamnagar is abuzz with the arrival of Bollywood stars as the Ambani family hosts the grand birthday celebrations of Isha Ambani and Akash Ambani. The Ambani siblings, Isha and Akash, are celebrating their birthdays with a lavish party that is filled with glamour and excitement. Among the big names spotted at the Jamnagar Airport were Ananya Panday, Disha Patani, Arjun Kapoor, and filmmaker Karan Johar, among others, turning the city int ...Read More >
Jio Platforms is gearing up for its highly anticipated IPO, with analysts projecting it could achieve a dazzling valuation of USD 148 billion by September 2027. This bullish outlook is fueled by enhanced sector dynamics, a more robust tariff environment, and an accelerating shift towards 5G technologies. ICICI Securities expects Jio Platforms' ensuing IPO to fetch "premium valuations", as was the case in the high-profile equity raise of FY21, and has pegged the company's equity value at USD 148 ...Read More >
New Delhi: Reliance Industries Ltd, India's largest buyer of discounted Russian oil, plans to scale back imports following fresh US sanctions on Moscow-linked firms, dealing a significant blow to billionaire Mukesh Ambani's conglomerate. State-run refiners, however, may continue purchases through intermediary traders for now, industry officials said. Reliance, which operates the world's largest single-site oil refining complex at Jamnagar in Gujarat, purchased about half of the 1.7-1.8 million ...Read More >
NEW DELHI: Indian refiners are poised to sharply curtail imports of Russian oil to comply with new U.S. sanctions on two top Russian producers, industry sources said on Thursday, potentially removing a major hurdle to a trade deal with the United States. The change comes as India faces punishing 50% tariffs on its exports to the U.S. - with half of those duties in retaliation for Russian oil purchases - and negotiates a potential trade deal that could bring those tariffs in line with Asian peer ...Read More >
New Delhi, Oct 23 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd, India's biggest buyer of discounted Russian oil, plans to scale back imports of Russian crude oil following fresh US sanctions on Moscow-linked firms, sources said. State-run refiners, however, may continue purchases through intermediary traders for now, industry officials said. Reliance, which operates the world's largest single-site oil refining complex at Jamnagar in Gujarat, purchased about half of the 1.7-1.8 mil ...Read More >
New Delhi, Oct 23 (PTI) US sanctions against two of Russia's largest oil companies are expected to impact Reliance Industries' crude imports from Russia, while state-run refiners may continue purchases through intermediary traders for now. Industry sources said public-sector units are assessing compliance risks but are unlikely to halt Russian crude flows immediately as they buy almost all of their needs from traders, mostly European (who are out of the sanctions net). Billionaire Mukesh Amban ...Read More >
Coca-Cola is reportedly exploring a potential $1 billion initial public offering for its Indian bottling unit, Hindustan Coca-Cola Beverages. The company has engaged with bankers to discuss the listing, which could value the subsidiary at $10 billion. These discussions are in early stages, with a potential deal eyed for next year. - Coca-Cola is considering taking its Indian bottling unit public in a deal that may fetch $1 billion, Bloomberg News reported on Friday, citing people familiar with ...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 a ...Read More >
India: Isha Ambani brought a touch of India's elegance to London's high society as she co-hosted the inaugural Pink Ball at the British Museum. The event, hailed as the city's most exclusive new social affair, combined art, philanthropy and style -- with a strong Indian influence at its core. Co-hosted by Isha Ambani and British Museum director Dr Nicholas Cullinan, the ball drew around 800 elite guests from the worlds of fashion, art, and culture. Each attendee reportedly paid £2,000 for a sea ...Read More >
New Delhi: Reliance Retail on Friday said GST rate changes will further accelerate consumption growth as consumers get the benefit of lower prices reporting 19% sales growth year-on-year in the second quarter of 2025-26. Reliance Industries' retail division, which operated 19,821 stores at the end of September, selling grocery, consumer electronics and apparel, posted net revenue of Rs 79,128 crore for the July-September period. Net profit increased 22% from a year earlier to Rs 3,457 crore, wh ...Read More >
Mumbai, Oct 17 (PTI) Reliance Industries Ltd (RIL) on Friday reported a 9.6 per cent year-on-year rise in net profit for the September quarter, driven by strong performance in its consumer-facing retail and telecom businesses and a recovery in its core oil-to-chemicals segment. However, higher inventory losses weighed on overall earnings, leading to a sequential decline compared to the previous quarter. The oil-to-retail conglomerate posted a consolidated net profit of Rs 18,165 crore in July- ...Read More >
French luxury retailer Galeries Lafayette is set to open its first Indian store in Mumbai. Aditya Birla Fashion and Retail announced the partnership. Plans are underway for a second store in Delhi. The company aims to open stores in at least four major Indian cities within three years. An online platform for Galeries Lafayette is also planned for India. Aditya Birla Fashion and Retail said on Wednesday that French luxury retailer Galeries Lafayette will open its first Indian flagship store in M ...Read More >
At a startup in India, developers are improving AI chatbots that communicate like humans. LimeChat aims to drastically reduce customer service jobs by automating responses, cutting staff by 80% for 10,000 monthly queries. Cofounder Nikhil Gupta says once clients hire their AI agents, they won't need to hire people again. At a startup office in this Indian city, developers are fine-tuning artificial-intelligence chatbots that talk and message like humans. The company, LimeChat, has an audacious ...Read More >
NEW DELHI: Prime Minister Narendra Modi on Wednesday made a pitch to boost investments in manufacturing in the country, saying, it is the "best time to invest, innovate and make in India", which should be positioned as a "trusted partner" in the global supply chain. The statement comes when India faces tariffs headwinds from the US, while looking at striking trade agreements and global alliances for pushing the export economy.PM Modi said that led by technologies, such as 4G and 5G in telecom, d ...Read More >
Jayshree Ullal (left), Kiran Mazumdar-Shaw (centre), Falguni Nayar (right) India's businesswomen and entrepreneurs recently made history at the release of the M3M Hurun Rich List 2025 on Wednesday. As per the annual report published by the Hurun Research Institute, which tracks the wealth and assets of India's most affluent groups and families, India's businesswomen made history this week by featuring in the top spot of the Hurun India rich list for the very first time. Roshni Nadar Malhotra ( ...Read More >
Bollywood superstar Shah Rukh Khan has become the latest celebrity to enter the billionaire club, becoming the first Indian celebrity to touch the milestone and stand with global icons like Michael Jordan, Taylor Swift, and George Lucas. As per the Hurun India Rich List 2025, Shah Rukh Khan witnessed a sharp rise of 71% in his net worth this year to Rs 12,490 crore ($1.4 billion). This significant surge is fueled by the blockbuster success of his production house Red Chillies Entertainment and ...Read More >
Shah Rukh Khan and his family top the M3M Hurun India Rich List 2025 with Rs 12,490 crore, driven by Red Chillies Entertainment. Juhi Chawla & family secure the second spot, followed by Hrithik Roshan, Karan Yash Johar, and Amitabh Bachchan & family, highlighting Bollywood's wealthiest through diverse ventures and brand influence. Bollywood's Badshah Shah Rukh Khan and his family have topped the M3M Hurun India Rich List 2025, leading the pack with a wealth of Rs 12,490 crore, driven by the div ...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 Mal ...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 Mal ...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 Mal ...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 a ...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 fa ...Read More >
Hyderabad: Rapper Badshah has added another gem to his garage by buying the Rolls-Royce Cullinan Series II, becoming the first India-born musician to own this luxury SUV. With this, he joins a select club of Indian celebrities including Shah Rukh Khan, Mukesh Ambani, Allu Arjun, Bhushan Kumar, and Ajay Devgn. Sharing his new purchase on Instagram, Badshah posted a reel captioned, "Zen wale ladke", a nod to his very first car, the Maruti Zen. In the video, he is seen peeling the protective film ...Read More >
Rapper, singer-songwriter, and music mogul Badshah has just made history with a monumental addition to his garage, the Rolls-Royce Cullinan Series II. Priced at a staggering $2 million (around Rs 12.45 crore on-road in Mumbai), this acquisition makes him the first India-born musician to own the latest edition of one of the world's most luxurious SUVs. With this purchase, Badshah now joins an elite club of Indian celebrities and business magnates, including Mukesh Ambani, Shah Rukh Khan, Allu Ar ...Read More >
New Delhi: In a major development, Mukesh Ambani's Reliance Industries Limited and Mark Zuckerberg's Meta have received approval from the European Union for their partnership. According to the reports, the new venture will involve an investment of approximately Rs 855 crore, equivalent to 100 million US dollars. As per the agreement, Reliance will hold a 70 percent stake in the new entity, while Meta will hold 30 percent. It is important to note that the Reliance Boss announced this partnership ...Read More >
Reliance Consumer Products Limited has signed a significant agreement. The agreement is worth Rs 40,000 crore with the Food Processing Industries Ministry. The aim is to establish integrated food manufacturing facilities across India. RCPL will invest over Rs 1,500 crore in Maharashtra and Andhra Pradesh. The company aims to become India's largest FMCG company. Reliance Consumer Products Ltd (RCPL) on Thursday signed a Rs 40,000-crore agreement with the Food Processing Industries Ministry to es ...Read More >
New Delhi: In the Vantara Wildlife Centre case of Jamnagar, Gujarat, the Supreme Court has asked if someone wants to keep an elephant and does so by following all the rules, then what is wrong with it? The court said this while completing the hearing of the case on Monday, September 15, 2025. However, the court has not passed any order yet. The report of the Special Investigation Team was also presented in today's hearing. A PIL was filed in the Supreme Court demanding a thorough investigation ...Read More >
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