Mukesh Ambani News

Ambani family. The star-studded event included Salman’s family, close friends, and prominent figures from the entertainment and business worlds. Actor Atul Agnihotri, Salman’s brother-in-law, shared glimpses of the celebration on Instagram, while numerous pictures and videos from the event surfaced across social media.

Reliance Industries (RIL) has appointed Ira Bindra as group president, responsible for people, leadership, and talent management at the oil-to-retail conglomerate. She is the first non-family woman and the youngest member to join Reliance's executive committee, marking a strategic shift in the company's approach to organisational transformation. Bindra joins Reliance from Medtronic, US, where she was head of human resources and vice president for global regions. Her appointment was announced directly by chairman Mukesh Ambani, an unusual step for a company where senior functional heads typically make such announcements. «Ira Bindra is a global HR and business leader with deep domain expertise across industries, geographies, and business cycles,» Ambani said in an internal organisational announcement reviewed by ET. «She has led large HR teams in Fortune 100 companies and successfully executed bold business transformations, from designing new operating models and creating new business lines to managing significant divestitures.»

How can India and its businesses navigate the rough seas that threaten fortunes built over decades through innovation and hard work? A distinguished panel led by Reliance Industries chairman Mukesh Ambani will discuss ways of facing the coming disruption that will be sparked by tectonic shifts in political economy that look set to rewrite the laws of global trade, at ET’s CEO Roundtable on Wednesday, December 11.

Reliance Industries (RIL) is ending 2024 on a muted note and is down about 18% from its July peak as investors fear that the quick commerce disruption may impact billionaire Mukesh Ambani's ambitions in retail business. While refining margins, which fell sharply from June, have rebounded on the O2C side of the conglomerate’s business, Reliance Retail (RR) growth continues to disappoint and brokerages are reluctant to give it a premium valuation against other retail peers on lower near-term growth, real estate costs and capex intensity.

The oil, a bestseller from the celebrity, wasn’t the only product that sold like hot cake on its India launch. Most products from the brand that went live on Sephora India that midnight sold out, so much so that the traffic led to the site crashing. Fellow global superstar Rihanna chose to introduce her brand Fenty Beauty, valued at a massive $3 billion, on Falguni Nayak-owned beauty platform Nykaa this March to a star-spangled launch, and saw immediate sales traction. The launch was timed right after Rihanna performed at billionaire Mukesh Ambani’s son Anant’s wedding with Radhika Merchant.

Reliance Industries Ltd's recent underperformance — weak refining margin — has reversed but the other, poor-retail top-line growth, is difficult to anticipate, brokerage JP Morgan said in a report. Reliance stock is down 22 per cent from its peak on July 8 (NIFTY down 3.3 per cent), sharply reversing outperformance from earlier in the year. In a market where most stocks are trading well above historical valuations, Reliance's fair relative valuations are an attraction. The company helmed by billionaire Mukesh Ambani has three main business verticals — oil refining and petrochemical business housed in oil-to-chemical (O2C) unit, telecom arm Jio and retail. It also has a media unit and a new energy business.

Indian tycoon Gautam Adani, one of Asia’s richest men, may be facing his biggest challenge yet with an indictment by U.S. prosecutors for alleged fraud and bribery

Mukesh Ambani, who is ranked 12th. The list includes six Indian-origin individuals. The list contains leaders from 40 industries, ranging in age from their 30s to their 90s. These individuals are founders, chief executives of great businesses, disrupters, and innovators. Among Indian origins, four out of the five are CEOs of tech giants, while one runs a makeup brand. Mukesh Ambani, India's richest man, who owns the Reliance conglomerate, has solidified his stake in the communications and energy sectors.

Supreme Court on Monday dismissed the Securities and Exchange Board of India's appeals against a Securities Appellate Tribunal’s (SAT) July order that set aside the market regulator's penalty of Rs 25 crore imposed on Reliance Industries (RIL), its promoters Mukesh Ambani and Anil Ambani and others in April 2021 for violating takeover norms in a case related to the acquisition of RIL shares between 1994-2000. The apex court also dismissed another Sebi appeal against SAT’s December 4 order that set aside the Rs 25-crore penalty imposed by the market regulator on RIL, Rs 15 crore on Mukesh Ambani, Rs 20 crore on Navi Mumbai SEZ and Rs 10 crore on Mumbai SEZ for their alleged role in the manipulation of prices of Reliance Petroleum Ltd (RPL)s shares in November 2007. While the appellate tribunal had quashed the penalties against Mukesh Ambani, Navi Mumbai SEZ, and Mumbai SEZ in the same case, it upheld SEBI's penalty against Reliance Industries. RPL was absorbed into RIL in 2009.

Subscribe to enjoy similar stories. India’s growing prominence on the global tech stage is attracting industry heavyweights, though not without friction. The country’s IT sector is globally renowned not just for its scale but also for its deep expertise in computer science.

Akshay Kumar recently met Nvidia CEO, Jensen Huang. Based in Santa Clara, Nvidia Corporation is a multinational tech firm. Huang was on a visit to India. The ‘Khiladi’ shared a photo of himself posing with the billionaire and wrote on X, “Imagine meeting the world’s biggest authority on Artificial Intelligence and ending up chatting about martial arts!!! What an amazing man you are Mr #JensenHuang. Now I know why @nvidia is the absolute giant that it is (sic)," In the picture, Kumar and Huang are seen recreating a martial arts pose. The post went viral on X, gaining 13K likes. One X user quipped that the actor may be depicting Huang in a biopic. “We get it! @akshaykumar playing Jensen in the new biopic..” read the comment. Another commented, “Akshaya's next movie would be AI-generated, and it will perform better than his previous 3-4 year movies…” On Thursday, Nvidia introduced a streamlined artificial intelligence model crafted specifically for Hindi, one of India’s most spoken languages. The tech giant aims to tap into the country’s rapidly growing demand for AI solutions. Nvidia also announced that its CEO, Jensen Huang, will engage in a discussion with Mukesh Ambani, the chairman of Reliance Industries, during a conference in Mumbai.

Reliance Industries chairman Mukesh Ambani said in a conversation with Nvidia chief executive officer (CEO) Jensen Huang. Speaking at the Nvidia AI Summit in Mumbai on Thursday, Ambani said India is now one of the top countries in digital infrastructure, alongside the US and China. “India now has the best digital connectivity infrastructure, apart from the US and China, with 4G, 5G, and broadband systems in the world,” he said.

Isha Ambani was recognized with the prestigious Icon of the Year award at the Harper’s Bazaar Women of the Year Awards 2024, held in Mumbai. The event, which celebrated her contributions to the entrepreneurial world, also highlighted her distinctive sense of style as she made a memorable appearance on the red carpet.

Elon Musk’s Starlink and Amazon Kuiper are pushing for lower satellite spectrum prices in India. Jeff Bezos-owned Kuiper is cautioning that pricey airwaves will force global satellite internet operators to target consumers in the South Asian nation’s urban areas, instead of the original aim of giving connectivity to remote regions. Any shift in strategy to focus on urban centres would pit these global firms against Indian telecom firms such as Reliance Jio and Bharti Airtel.

Reliance Jio Infocomm on Monday reported a 23.4% jump in its September quarter consolidated net profit at Rs 6,539 crore versus Rs 5,299 crore reported by the company in the year ago period. The revenue from operations stood at Rs 31,709 crore, higher by 18% over Rs 26,875 posted by the company in the corresponding quarter of the previous financial year. The company reported strong 7.4% YoY increase in average revenue per user (ARPU) to Rs 195.1.

Deepika Padukone and Ranveer Singh are now proud parents. The power couple welcomed their first child, a baby girl, on September 8. The baby received her first high-profile visitor. Mukesh Ambani, the Managing Director of Reliance Industries, dropped a visit to HN Reliance Hospital in Mumbai, where Deepika is currently admitted. As per reports, the tycoon congratulated the couple and blessed the baby. Padukone and Singh were among the guests at Mukesh’s younger son Anant’s wedding earlier this year.

Reliance AGM 2024 Live Updates: Oil-to-telecom conglomerate Reliance Industries Ltd is set to conduct its 47th annual general meeting today. Reliance AGM 2024 date is set on August 29, 2024, and will begin at 2:00 PM today.

Reliance Industries (RIL) is gearing up for its 47th Annual General Meeting (AGM), set to take place on August 29, 2024. The meeting will be broadcast live via videoconferencing and other audio-visual means. In a market filing, RIL confirmed, «This is to inform that the Forty-seventh Annual General Meeting (Post-IPO) of the members of Reliance Industries Limited will be held on Thursday, August 29, 2024 at 2:00 P.M. (IST) through Video Conferencing/ Other Audio Visual Means.» Mukesh Ambani, Chairman of Reliance Industries, will address shareholders during the AGM. Market observers are eagerly awaiting potential new announcements and insights. Areas of interest include updates on Jio Financial Services, new energy initiatives, plans for further value creation, and timelines for initial public offerings (IPOs) related to the conglomerate's telecom and retail businesses.

centi billionaires, but their combined wealth is more than $2.2 trillion. The combined net worth of the 15 members has increased by roughly $360 billion this year to $2.2 trillion. Almost all of them have increased their wealth by $360 billion this year. That is less than the combined values of Netflix ($289 billion), Coca-Cola ($298 billion), and Bank of America ($305 billion). It’s time to discover the listicle of individuals whose worth is at least $100 billion. Here’s complete data with a wealth source, a breakdown of the amount each person's wealth has changed this year, as per Bloomberg's estimate of their net worth.

Anil Dhirubhai Ambani Ventures Pvt Ltd (ADAVPL), a Reliance Group company, has filed an interim application in the NCLT, seeking direction to the Reliance Capital's successful resolution applicant IIHL to stop using the 'Reliance' brand name as soon as the resolution plan is implemented. The NCLT, while approving the IIHL's resolution plan on February 27, had allowed the company to use the Reliance brand for three years from the date of approval of the plan to implement the resolution plan transaction. ADAVPL, in its application, has argued that the Brand Agreement does not create any interest in the brand in favour of RCAP but only allows permissive use thereof. Given this position, the brand is not an «asset» of RCAP within the meaning of the term as used in Section 18 of the Insolvency and Bankruptcy Code, and ADAVPL has requested the cessation of brand usage by IIHL immediately after implementation of the resolution plan.

Anant Ambani and Radhika Merchant were recently seen shopping for jewelry in Panama during their honeymoon. A video uploaded on Instagram captures the newly married couple inside a jewelry store, where they cheerfully posed with the store's staff. Radhika Merchant chose a laid-back look, wearing a striped t-shirt paired with white pants and sporting relaxed, beachy waves. She kept her appearance understated by not wearing any jewelry. Anant opted for a tropical print shirt, which has quickly become a hallmark of his style. Anant is the younger son of Mukesh Ambani, the chairman of Reliance Industries, and his wife, Nita Ambani.