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New Delhi: In a major step, Mukesh Ambani-led Reliance Industries is bracing for a massive leap, charting an ambitious course to unlock its next USD 50 billion in value creation from its current USD 240+ billion market cap. The company is reportedly betting on green energy and generative AI. According to a Morgan Stanley report, the Mukesh Ambani-led conglomerate could be entering its most transformational phase yet. "We believe new energy and AI infrastructure will drive this next leg, funded b ...Read More >
Mumbai: Mumbai also known as 'Mayanagari' is the commercial capital of India. The Maximum city is also home to several billionaires including one of the world's richest man Mukesh Ambani. We all know the prices of property here are always high and hearing that a person bought a house in Rs 1 crore is a pretty common thing in the city. But sometimes some deals actually rolled our eyes just like a recent deal of director, actor and screenwriter of TV serials Aatish Kapadia. He and his wife Alison ...Read More >
New Delhi, Jul 5 (PTI) Reliance Industries Ltd's investments in new energy and artificial intelligence (AI) infrastructure are set to drive a projected USD 50 billion increase in the firm's market value, according to Morgan Stanley analysts. The oil-to-telecom-and-retail conglomerate, helmed by billionaire Mukesh Ambani, is gearing up for its next phase of value creation. Also Read | Shillong Teer Results Today, July 05 2025: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Ni ...Read More >
New Delhi: Reliance Industries Limited Chairman Mukesh Ambani is all set to outsmart his competitors with a bold new game plan. Reliance Industries Limited (RIL) has made a major decision to separate all its fast-selling consumer goods -- the FMCG brands -- into a new entity. These brands were previously housed under Reliance's retail companies RRVL, RRL, and RCPL. Now, they will be moved into a newly formed company named 'New Reliance Consumer Products Limited' (New RCPL). This new entity will ...Read More >
New Delhi [India], July 4 (ANI): SpiceJet on Thursday acknowledged that some passengers are currently facing difficulties in reaching the airline's customer care helpline due to intermittent technical issues. The airline said efforts are underway to restore normal functioning as soon as possible. In an official message on X, SpiceJet stated, 'We are currently experiencing intermittent issues with our SpiceJet Customer Care helpline numbers. We assure you that our relevant teams are working to r ...Read More >
MUMBAI: Reliance Retail Ventures announced on Thursday that it will buy a minority stake in UK-based FaceGym. This equity investment will bring FaceGym into India. It did not disclose financial details. FaceGym, a facial workout brand, was founded by former Financial Times journalist Inge Theron, with the first outlet opening in Selfridges, London, in 2014. Over five years, Reliance will establish FaceGym's presence in India through a combination of standalone studios and curated spaces within s ...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 ...Read More >
MUMBAI (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 Trib ...Read More >
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 ₹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 youn ...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 direct ...Read More >
New Delhi: Mukesh Ambani's Reliance Industries is deliberating on closing a deal with the Russian oil giant PJSC Rosneft Oil Company, the talks for which are in an early stage. The talks are about sale of Rosneft's 49.13 per cent stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Reliance has held preliminary talks for the acquisition of Nayara. If it happens then it will help it overtake state-owned Indian Oil Corporati ...Read More >
Mumbai: Jio BlackRock Investment Advisers has received approval from the Securities and Exchange Board of India (Sebi) to launch a stock broking business in the country. The firm is a 50:50 joint venture between Mukesh Ambani's Jio Financial Services and US asset manager BlackRock. Jio BlackRock Broking aims to bring "affordable, transparent, and technology-driven execution capabilities" for Indian investors, said a release. This is the third regulatory clearance granted to the joint venture b ...Read More >
VISAKHAPATNAM: Energy Minister Gottipati Ravi Kumar inaugurated Andhra Pradesh's first Super ECBC (Energy Conservation Building Code) compliant building at Sagar Nagar in Visakhapatnam on Friday. Terming it a landmark in sustainable infrastructure, he emphasised the government's commitment to energy efficiency and green design in public facilities. The facility will serve as a national-level training hub for power sector staff. He urged power utilities to expedite 20 lakh rooftop solar connecti ...Read More >
Mumbai: Jio BlackRock Investment Advisers has received approval from the Securities and Exchange Board of India (Sebi) to launch a stock broking business in the country. The firm is a 50:50 joint venture between Mukesh Ambani's Jio Financial Services and US asset manager BlackRock. Jio BlackRock Broking aims to bring "affordable, transparent, and technology-driven execution capabilities" for Indian investors, said a release. This is the third regulatory clearance granted to the joint venture b ...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 m ...Read More >
New Delhi, Jun 8 (PTI) India's second richest person Gautam Adani received a total remuneration of Rs 10.41 crore in the fiscal year ended March 31, 2025, lower than most industry peers and his own key executives. Adani, 62, drew salaries from two out of the nine listed companies in his ports-to-energy conglomerate, the latest annual reports of the listed entities of the group showed. His total remuneration was 12 per cent more than the Rs 9.26 crore he had earned in the previous 2023-24 financ ...Read More >
MADURAI: Union Home Minister Amit Shah, who arrived in Madurai on Saturday night, will be taking part in the BJP's state core committee meeting during the day on Sunday, and address party functionaries at Velammal Global Hospital Ground in the evening. BJP sources said Shah will be visiting the Meenakshi Amman Temple on Sunday morning, where he is expected to spend around 30 minutes. He will then hold a meeting with the state's core committee, which includes union minister for state L Murugan, ...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 B ...Read More >
Hyderabad: The Hyderabad police have registered a case after a deepfake video of AIMIM president Asaduddin Owaisi was circulated on social media platforms to promote an online investment scheme. The AI-generated fake video fraudulently used Owaisi's image and name, along with other renowned personalities, to mislead the public into believing that he is promoting an investment scam, police said on Saturday. The fake video promised returns of Rs 53,000 daily. The video directs people to invest in ...Read More >
New Delhi: Reliance Industries Ltd chairman and managing director Mukesh Ambani announced an unconditional grant of Rs 151 crore to his alma mater the Institute of Chemical Technology, Mumbai. Ambani had graduated from ICT in the 1970s. He spent over three hours on Friday at ICT - which back then was called the University Department of Chemical Technology (UDCT) - at a function to publish Professor MM Sharma's biography 'Divine Scientist'. Ambani reminisced how the first lecture he attended a ...Read More >
NEW DELHI, June 6 -- Elon Musk's Starlink has received a licence to launch commercial operations in India from the telecoms ministry, two sources told Reuters on Friday, clearing a major hurdle for the satellite provider, which must also show it meets security rules. The approval is good news for Musk, whose public spat with President Donald Trump threatens US$22 billion of SpaceX's contracts and space programs with the US government. Starlink is the third company to get a licence from India's ...Read More >
Guwahati: The Congress party has raised concerns about a "proposed agreement" between the Delhi Zoo and Vantara, an animal rescue and rehabilitation center operated by the Reliance Industries Chairman Mukesh Ambani's youngest son Anant Ambani. The party questioned whether this agreement could be a precursor to the privatization of the zoo. Ready for a challenge? Click here to take our quiz and show off your knowledge! As of now, neither the Ministry of Environment, Forests and Climate Change, ...Read More >
NEW DELHI (Reuters) -Elon Musk's Starlink has received a key licence from India's telecoms ministry, sources with knowledge of the matter told Reuters on Friday, clearing a major hurdle for the satellite provider and taking it closer to launching commercial operations in India. Starlink is the third company to get a licence from India's Department of Telecommunications, which has approved similar applications by Eutelsat's OneWeb and Reliance Jio to provide services in the country. Starlink an ...Read More >
NEW DELHI: India's two major private-sector refiners, which have long prioritised exports, are turning to local sales, grabbing share in the country's fast-growing $150 billion fuel retail market as weaker global demand squeezes profit margins offshore. Reliance Industries and Nayara Energy are stepping up sales at home as fuel demand growth slows in developed markets and China, the world's second biggest oil consumer, with the transition to electric vehicles. The lower demand offshore combine ...Read More >
Puri: Akash Ambani, son of renowned industrialist Mukesh Ambani, visited the Jagannath Temple in Puri last night. According to reports, Ambani reached the temple around 1:15 am. Ambani was warmly welcomed by the temple administration and police near the Singhadwara gate. His visit took place shortly after the completion of the Banakalagi ritual. Ambani offered prayers to Lord Jagannath, accompanied by his hereditary priest, Jagannath Kar and witnessed the Bada Singhara Besha. He seemed delight ...Read More >
Mumbai (Maharashtra) [India], May 27 (ANI): Jio BlackRock Asset Management, a 50:50 joint venture between Jio Financial Services and BlackRock, has received regulatory approval from the financial markets regulator SEBI to commence operations as an investment manager for their mutual fund business in India, a statement said Tuesday. JioBlackRock Asset Management will bring an innovative investment proposition to the growing number of Indian retail mutual fund investors, as well as to institution ...Read More >
Kolkata: West Bengal is hosting the 8th edition of the Bengal Global Business Summit in Kolkata. On Wednesday, Mukesh Ambani, chairman of Reliance Industries, delivered a powerful endorsement of West Bengal's growth potential, pledging to invest Rs 50,000 crore in the state by the end of this decade. "Today, in less than a decade, our investments in Bengal have increased 20 times, and we have invested over Rs 50,000 crore. Mamat Didi, we shall double this investment by the end of this decade. O ...Read More >
New Delhi, Feb 4 (PTI) The new Shein India app, which went live last Friday, has products which are manufactured, marketed and sold only by Nextgen Fast Fashion, a fully owned subsidiary of Reliance Retail Ventures Ltd. Nextgen manufactures these products on the Shein India platform through a wide network of Indian manufacturers, in which most of which are MSMEs (micro, small and medium enterprises), according to an industry insider. Shein has re-entered the Indian market almost five years aft ...Read More >
New Delhi [India], January 28 (ANI): Ministry of External Affairs Secretary (East) Jaideep Mazumdar and Lt Gen Bhavnish Kumar GOC, Delhi area, commended the Indonesian marching and band contingent from the Indonesian Armed Forces for their successful participation in the 76th Republic Day parade on Tuesday. In a post on X, the MEA said, "Secy (East) @JaideepMazumder & Lt Gen Bhavnish Kumar, GOC, Delhi area, commended the 352 member marching & band contingent from the Indonesian Armed Forces for ...Read More >
Bhubaneswar: Chief Minister Mohan Charan Majhi on Monday announced that the Odisha government will establish Ayushman Arogya Mandirs in every panchayat to strengthen healthcare at the grassroots level. This announcement was made during the signing of a Memorandum of Understanding (MoU) between the Health and Family Welfare Department of Odisha and the National Health Authority of the Union Government to implement the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) in the state. The ...Read More >
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