Mukesh Ambani's Jio loses nearly 80 lakh subscribers in just 30 days; BSNL emerges as a gainer
Mumbai/IBNS: Reliance Jio, India's largest telecom operator, suffered a significant blow in September, losing an alarming 7.97 million subscribers, according to the latest report by the Telecom Regulatory Authority of India (TRAI).
Mukesh Ambani's Reliance Industries loses over $50 billion in market cap on earnings dismay
Mumbai/IBNS: Reliance Industries Ltd. has seen a decline of nearly $50 billion (Rs 4.2 lakh crore) in market capitalization since reaching a peak in July, as the Indian conglomerate contends with weaker earnings and a slowing economy, reports Bloomberg.
RIL preparing for Jio IPO in 2025, retail business to go public much later: Report
Mumbai/IBNS: Reliance Industries Ltd. (RIL) plans to take Jio Platforms Ltd., its telecommunications subsidiary, public in 2025, Reuters reported, citing sources familiar with the matter.
Nvidia partnering with Reliance to build AI infra in India: Jensen Huang
Mumbai/IBNS: Jensen Huang, the CEO of American chip maker Nvidia, announced on Thursday (Oct. 24) that the company is collaborating with Reliance Industries to develop artificial intelligence (AI) infrastructure in India.
Mumbai/IBNS: Jio Financial Services Ltd., led by billionaire Mukesh Ambani, has been in discussions with Allianz SE to form a new insurance partnership in India, Bloomberg reported, citing sources familiar with the matter.
Reliance Industries board approves 1:1 bonus issue for shareholders
Mumbai: Reliance Industries Ltd (RIL) on Thursday approved a 1:1 bonus issue, marking its first bonus offering since September 2017. Shareholders will receive one free share for each share held.
Gautam Adani replaces Mukesh Ambani to become India's richest person: Hurun India Rich List
New Delhi: Gautam Adani and his family have claimed the top position in the 2024 Hurun India Rich List, with a Rs 11.6 lakh crore fortune, overtaking Mukesh Ambani.
Reliance Industries to hold 47th AGM today
Mumbai/IBNS: Mukesh Ambani's multinational conglomerate Reliance Industries Limited (RIL) is set to hold its 47th annual general meeting (AGM) on Thursday (August 29), the company informed the exchanges last week.
Gautam Adani replaces Mukesh Ambani as Asia's richest man on Bloomberg Billionaires Index
Mumbai: Billionaire Gautam Adani has reclaimed the title of Asia’s richest person from Reliance Industries Chairman Mukesh Ambani, according to the Bloomberg Billionaires Index.
Reliance partnering up with Tech Mahindra and Nokia to offer 4G/5G network support in Ghana: Reports
Mumbai/IBNS: After touching new heights with 5G network infrastructure in India, Mukesh Ambani, the chairperson of Reliance Industries -- India's most valuable company with a market cap of more than Rs 1989000 crore, is now planning to take his giant-killer telecom playbook to Africa and other continents.
Mukesh Ambani sets sight on Africa with new 'affordable' telecom venture in Ghana: Report
Mumbai/IBNS: Mukesh Ambani, the chairman and managing director of Reliance Industries, is taking his giant-killer telecom playbook to Africa as the billionaire seeks to focus on mobile broadband customers in the continent.
Mahindra Group enters hybrid renewable energy sector with Rs 1,200 cr investment
Mumbai: The Mahindra Group announced its entry into the hybrid renewable energy sector with a Rs 1,200 investment in a solar and wind project, a stock exchange filing said on Monday.
Jio Financial Services enters into JV with US-based BlackRock for wealth management and broking biz
Mumbai: Jio Financial Services has announced a joint venture with the US-based multinational investment company BlackRock for wealth management and broking operations in India.
Tesla may join hands with Reliance to manufacture EVs in India: Report
New Delhi: Tesla is exploring the possibility of forming a partnership with Reliance to set up its operations in India, media reports said.
Mumbai: Indian billionaires increased their presence in the 2024 Forbes list of the World’s Billionaires to 200 from 169 last year. Leading the list is Mukesh Ambani, whose net worth surged to $116 billion from $83 billion, establishing him as the first Asian to enter the $100 billion club. Ambani maintained his status as the ninth wealthiest individual globally and continues to hold the title of India’s and Asia’s richest person.