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New Delhi: In a major development, Mukesh Ambani-led Reliance Group companies raised about 210 billion rupees ($2.4 billion) through asset-backed securities, according to a Bloomberg report quoting people familiar with the matter. It is important to note that this is one of the largest such deals in India this year. The report further adds that about three-fourths of the issuance was bought by the country's leading asset managers, including Aditya Birla Sun Life Asset Management Co., HDFC Asset ...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 broug ...Read More >
New Delhi: The Special Investigation Team (SIT) set up by the Supreme Court to probe allegations of irregularities against Vantara, has given a clean chit to the zoological rescue and rehabilitation centre set up by Mukesh Ambani in Gujarat's Jamnagar. The Bench of Justice Pankaj Mithal and Justice P B Varale took the report that was submitted on Friday on record on Monday and noted that authorities have expressed satisfaction on the issue of compliance and regulatory measures in Vantara. The ...Read More >
Bengaluru, September 12: A 57-year-old retired woman from CV Raman Nagar, Bengaluru, has been duped of INR 3.75 crore by scammers who used an AI-generated deepfake video of spiritual leader Sadhguru Jaggi Vasudev to promote a fraudulent investment scheme, police said Thursday. The victim, unfamiliar with deepfake technology, came across what appeared to be a genuine video of Sadhguru on social media between February 25 and April 23. The video claimed that investing USD 250 (around INR 21,000) th ...Read More >
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 >
New Delhi, August 29: Financial services major Paytm on Friday clarified that Google Play's recent notification on unified payments interface (UPI) handle changes was incomplete and may have created confusion. The company emphasised that there is no disruption to UPI payments on Paytm and both consumer and merchant transactions remain seamless. The update is relevant only for recurring payments such as subscription billing. "This means that if a user was paying for YouTube Premium or Google One ...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 >
PTC Web Desk: India on Thursday strongly condemned recent remarks by Pakistan army chief General Asim Munir, accusing Islamabad of using anti-India rhetoric to divert attention from its internal crises. "We have seen a continuing pattern of reckless, war-mongering and hateful comments from Pakistani leadership. It is a well-known tactic to stir anti-India sentiment to mask their own failures," said Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal. He cautioned that "any misadvent ...Read More >
New Delhi: India strongly condemned recent remarks by Pakistan Army chief Asim Munir, calling them "reckless" nuclear threats aimed at diverting attention from Pakistan's internal failures. The Ministry of External Affairs (MEA) warned that any misadventure would result in "painful consequences," referencing the strong military response India delivered during the May standoff following Pakistan's drone and missile attack. MEA Slams War-Mongering Rhetoric MEA spokesperson Randhir Jaiswal accuse ...Read More >
"We are a nuclear power. If we go down, we'll take half the world with us," says Pakistan Army Chief. Pakistan's Army Chief, General Asim Munir, has been on a tour of the United States over several days, which included attendance at a farewell function for the chief of the US Central Command, Gen. Michael Kurilla. The trip is said to be Gen. Munir's second visit in less than two months. While in Tampa (where CENTCOM's HQ base is located), Gen. Munir also spoke at a private event for the Pakist ...Read More >
India's biggest lender, State Bank of India (SBI), has posted a 12 per cent increase in standalone net profit at Rs 19,160 crore for the April-June quarter of the current financial year. The bank had earned a net profit of Rs 17,035 crore in the same quarter of the previous fiscal year. Total income rose to Rs 1,35,342 crore during the June quarter 2025-26, from Rs 1,22,688 crore a year ago, SBI said in a regulatory filing, PTI reported. How much SBI earned from interest? SBI earned interest i ...Read More >
Reshma Kewalramani was appointed CEO of Vertex Pharmaceuticals in April 2020 ShowQuick Read Summary is AI-generated, newsroom-reviewed * Reshma Kewalramani ranks 62 on Fortune's 2025 list of 100 Most Powerful People in Business * She is the first woman to lead a major US biotechnology firm, Vertex Pharmaceuticals * Vertex is valued at over $110 billion, known for cystic fibrosis and gene-editing therapies Did our AI summary help? Let us know. Switch To Beeps Mode Indian-origin CEO Reshm ...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 >
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 >
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 >
Mumbai: After partnering with US-based investment powerhouse BlackRock and making its official entry into the mutual fund sector of India, businessman Mukesh Ambani's Jio Financial Services Limited has joined hands with Allianz Group to dominate the reinsurance sector in India. Both companies entered the reinsurance sector through their wholly owned subsidiary, Allianz Europe BV, with a 50:50 joint venture. In its exchange filing, JFSL informed about its latest partnership, stating that it will ...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 >
Reliance Foundation ESA supports underprivileged children The interactive exhibition invites children aged 4 to 12 years old to discover the magic of light, shadow, and colour through playful, hands-on exploration. On July 18, to mark the opening, 100 children from disadvantaged backgrounds were invited to enjoy a fun-filled experience at the Light Atelier exhibition, supported by Reliance Foundation's Education and Sports for All (ESA) initiative. Guided by Reliance's 'We Care' philosophy, E ...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 >
Kolkata: Bandhan Bank's net profit in the first quarter of FY 2026 recorded a 65% slump at Rs 372 crore compared with Rs 1,063 crore posted in the year-ago period. Partha Pratim Sengupta, MD and CEO of the bank, attributed the decline to stress in microfinance asset.Even though the bank's total business grew by 11% to Rs 2.8 lakh crore last year, a 119% rise in provisions due to write-offs and high slippages in the microfinance book brought its Q1 net profit down, Sengupta said. "The loan book c ...Read More >
New Delhi, Jul 18 (PTI) Jio Financial Services Limited (JFSL) and Allianz Group of Germany, through its wholly-owned subsidiary Allianz Europe B.V., entered into a binding agreement on Friday to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance market in India. The announcement comes months after Allianz parted ways with Bajaj group financial services firm Bajaj Finserv. The reinsurance partnership will bring together JFSL's deep local expertise and ...Read More >
New Delhi, Jul 18 (PTI) Jio Platforms on Friday reported a net profit of Rs 7,110 crore for the June quarter, a nearly 25 per cent rise over the year-ago period, as its numbers were bolstered by customer adds, improved realisations per user and data traffic growth. The Q1FY26 report card of JPL, the entity that houses Reliance Industries' telecom and digital businesses, ticked all the boxes on key metrics, as gross revenue climbed 19 per cent year-on-year (YoY) to Rs 41,054 crore, and margins i ...Read More >
NEW DELHI: India's smartphone and electronics industry has raised serious concerns over what it describes as informal but targeted trade restrictions imposed by China. The India Cellular and Electronics Association (ICEA), in a letter to the government, sought swift policy measures to address these unofficial restrictions, which could derail the country's $32 billion export-driven manufacturing ambitions. As per the ICEA letter, India's electronics manufacturing sector remains heavily reliant o ...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 | PM Narendra Modi Slams TMC for Shielding Illegal Infiltrators in West Bengal, Vows Co ...Read More >
New Delhi, Jul 18 (PTI) Delhi Art, Culture and Tourism Minister Kapil Mishra on Friday visited the Prime Ministers Museum and Library (PMML) at Teen Murti Marg, with singer and music director Himesh Reshammiya accompanying him. The museum, which showcases the lives and contributions of India's former prime ministers, features 14 high-tech galleries equipped with interactive and immersive exhibits, including a 6D helicopter ride, virtual photo booths, a handwriting robot, a time machine and a ki ...Read More >
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