Mumbai, June 19 (IANS) Reliance Industries Ltd (RIL) Chairman Mukesh Ambani on Friday outlined five major value creation pathways for the Group to create a diversified growth architecture spanning energy, materials, digital infrastructure, artificial intelligence, consumer businesses, and global exports.Addressing Reliance shareholders, Ambani said: “First, the O2C business, the mainstay of Reliance so far, will increase earnings as soon as the geopolitical situation improves. Simultaneous…
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Mumbai, June 19 (IANS) Jio Platforms Limited (JPL), the digital and telecom arm of Reliance Industries, on Friday announced that its board approved the Draft Red Herring Prospectus (DRHP) for filing with market regulator SEBI.The DRHP is set to be filed with the Securities and Exchange Board of India (SEBI), along with BSE Limited and the National Stock Exchange of India (NSE), it said in its exchange filing.Jio Platforms plans to raise capital through a fresh issue of up to 27 crore equity shar…
New Delhi, June 7 (IANS) Adani Group Chairman Gautam Adani’s net worth rose to $89.2 billion, ranking him ahead of Reliance Industries’ Mukesh Ambani ($88 billion) and SoftBank’s Masayoshi Son ($87 billion), who held the title of Asia’s richest before shares of the Japanese investment firm fell on Thursday, according to Forbes’ Real-Time Billionaires list.Gautam Adani, on the other hand, registered an increase in net worth after a broader stock surge across companies under the umbrella of hi…
Mumbai, April 24 (IANS) Mukesh Ambani-led Reliance Industries Ltd on Friday declared a net profit of Rs 20,589 crore for the fourth quarter (January-March) of 2025-2026 and declared a dividend of Rs 6 per share.The company’s profit after tax and share of profit/(loss) of associates & JVs decreased by 8.9 per cent year-on-year during the quarter, according to the company statement.RIL’s gross revenue increased by 12.9 per cent year-on-year to Rs 325,290 crore during Q4. Strong business mo…
New Delhi, April 17 (IANS) Billionaire industrialist Gautam Adani, Chairman of the Adani Group, has become Asia’s richest individual, overtaking Reliance Industries Chairman Mukesh Ambani, according to the latest Bloomberg Billionaires Index.Gautam Adani’s net worth rose to $92.6 billion, placing him 19th globally, while Mukesh Ambani slipped to the 20th position with a net worth of $90.8 billion.The reshuffle at the top highlights the ongoing volatility in global wealth rankings in 2026, am…
Mumbai, March 7 (IANS) Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited (RIL), along with his son Anant Ambani, hosted President of Finland, Dr. Alexander Stubb, at their residence in the financial capital, it was announced on Saturday.The “gathering reflected a spirit of friendship, meaningful conversation, and the strengthening of ties through shared values”, according to an X post by Reliance Industries Limited (RIL).During his India visit this week, Stubb earlier …
New Delhi, Feb 19 (IANS) Billionaire Mukesh Ambani announced on Thursday that Jio and Reliance Industries will together invest as much as Rs 10 lakh crore in artificial intelligence over the next seven years.”This is not a speculative investment. It is not for chasing valuation. This is patient, disciplined, nation-building capital — designed to create durable economic value and strategic resilience for decades to come,” the Reliance Industries Chairman remarked in his address at the AI I…
United Nations, Feb 18 (IANS) Secretary-General Antonio Guterres was welcomed by Prime Minister Narendra Modi at the India AI Impact Summit 2026 in New Delhi on Wednesday. Guterres attended a banquet hosted by PM Modi for the high-level participants at the summit, his Spokesperson Stephane Dujarric said.When he speaks at the summit on Thursday, he will acknowledge India’s role in guiding the discussions on making AI more inclusive, Dujarric said. He said Guterres “will call for AI to be acce…
New Delhi, Feb 17 (IANS) As Artificial Intelligence (AI) reshapes economies and societies worldwide, India is positioning itself at the centre of the global AI conversation with the India–AI Impact Summit 2026 — highlighting its vision of inclusive and sustainable technological growth, a report has said.AI is rapidly transforming India’s economy and is projected to add more than $500 billion to the country’s GDP by 2035, according to Geopolitico report.Over the past few years, the governm…
Mumbai, Feb 7 (IANS) The United States of America (USA) Ambassador to India Sergio Mor met with the ICC chairman Jay Shah at the iconic Wankhede Stadium during the India vs USA match in the T20 World Cup 2026. “A pleasure meeting with @ICC Chairman @JayShah at the #T20WorldCup today. We discussed the exponential growth of cricket in the United States with our world-class infrastructure, star talent, and incredible fans,” U.S. Ambassador to India Sergio Gor posted on X.Gor also had a meet-up with…