Even the most powerful companies in the nation are finding it difficult to establish an autonomous clean-energy supply chain, as evidenced by Reliance Industries Ltd.'s decision to halt plans to produce lithium-ion battery cells in India after failing to acquire Chinese technology, according to people familiar with the
Jio Platforms, the digital division of Reliance Industries Ltd. (RIL), is reportedly considering a $4 billion (INR 36,100 cr) public offering, which might be the largest IPO in India to date. Reuters was informed by sources that because of the scale of the digital business, RIL is only interested
Reliance Industries, led by Mukesh Ambani, unveiled a significant new investment in Andhra Pradesh on 13 November when it signed an agreement with the state government to build a 1 GW artificial intelligence (AI) data centre. One of Asia's most potent AI infrastructure networks will be created by
On October 25, Reliance Industries declared that Reliance Intelligence Limited, its wholly owned subsidiary, has formed a new business, Reliance Enterprise Intelligence Limited (REIL), as part of a joint venture with Facebook's Indian division. The unit, which will concentrate on creating, promoting, and disseminating enterprise AI services, has
According to state minister TRB Rajaa, Reliance Consumer Products Limited will invest INR 1,156 crore to establish an integrated manufacturing facility in Tamil Nadu. The plant will be established in SIPCOT Allikulam Industrial Park in Thoothukudi, Tamil Nadu, the State Industries Minister wrote in a post on X. Over
According to various media reports, Mukesh Ambani, who announced that Reliance Industries' telecom division, Reliance Jio, would go public next year, is also working on listing Reliance Retail, which may be valued at around $200 billion. With the demerger of the fast-moving consumer goods (FMCG) division, Reliance Consumer Products,
As the oil-to-telecom giant founded by billionaire Mukesh Ambani prepares for an IPO for its retail division, Reliance Industries Ltd. is moving all of its consumer products brands to a new wholly owned company. According to a June 25 National Company Law Tribunal order, the brands—which include clothing, fashion,
Reliance Industries, controlled by Mukesh Ambani, the richest man in India, has reportedly obtained a $2.98 billion loan. In more than a year, this is the biggest deal of its kind for an Indian borrower. According to cited sources, a further 55 banks have signed a loan deal. As
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Indian billionaires have carved a niche in global luxury real estate by combining opulence, strategic investments, and immense wealth. Whether in Mumbai's bustling streets or the quiet countryside of Switzerland, these magnates' properties embody their global influence and architectural marvels. In addition to serving as personal retreats,
Similar to their rivalry in the telecom industry, the move places Reliance Industries up against a group that includes Sunil Mittal of the Bharti Group, among others.
The sharpest market fall in 10 months has seen Mukesh Ambani and Gautam Adani topping the list of billionaires who have suffered massive wealth erosion.
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Reliance Industries Ltd. (RIL) made several acquisitions in the past three years to boost the product offerings of its subsidiaries—Reliance Jio Infocomm Ltd. and Reliance Retail Ltd., among others. RIL has put in $566 million+ in media and education, $194 million+ in retail, $1.2 billion+ in telecom and
Nearly five years after the fast-fashion giant's app was blocked in India due to rising diplomatic tensions between India and its neighbour, China, Isha and Mukesh Ambani's Reliance Retail has successfully reintroduced Shein in India. Shein has returned to one of Asia's biggest retail
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A philanthropist is a term related to a person who is capable of helping the needy with the resources they have, especially money. Philanthropists help needy people create a better world and, so to say, improve the economy of a country. The constant effort to promote human welfare makes a
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When it comes to the Indian business arena, one simply cannot ignore Mr. Mukesh Ambani—the owner of Reliance Industries, and the wealthiest businessman in India. He has footprints in some of the most important sectors of the Indian economy such as refining, oil & gas, petrochemicals, telecom, retail, and
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MD and Chairman of Reliance Industries, Mukesh Dhirubhai Ambani is India's very own desi Richie Rich. With a staggering net worth of $119.5 billion, the Indian billionaire is not only the richest man in Asia and 9th richest in the world but is also 1st on the
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Isha Ambani, the eldest child of India's richest man, Mukesh Ambani, and coheir to India's largest conglomerate, Reliance Industries, is more than just a billionaire's daughter. Coming from a prominent business family that has shaped India’s economy, Isha could have easily stepped into
In order to expedite the antitrust clearance process for their $8.5 billion merger of Indian media holdings, Reliance and Walt Disney have reportedly offered to sell some channels. However, they are reportedly fighting any adjustments made to the cricket broadcast rights that they own. With a combined 120 TV
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For a long time now, Reliance Industries has been one of the major Indian conglomerates that has caused a stir. This ideal corporate realm, founded by Dhirajlal Hirachand Ambani, also known as Dhirubhai, a global business titan and visionary, has gone a long way since its beginnings. The narratives of
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India is home to some insanely wealthy families and individuals well-known across the globe. India has the third largest group of rich people after the US and China. In 2022, the combined wealth of India’s 100 richest increased by $25 billion to touch $800 billion. StartupTalky has compiled an
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Reliance Industries is not unknown to the people of India and of the world now. Founded in May 1973, Reliance Industries is headquartered in Mumbai. It was a landmark step when Reliance Jio Infocomm Limited was launched after Reliance Industries bought a majority stake in Infotel Broadband Services Limited (IBSL)
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Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Jio. When do you think a revolution came in the telecommunication industry? Well, the most common answer is after the launch of Mukesh Ambani’s
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The worldwide COVID-19 pandemic may have pushed the world economy into a chaotic situation, with 2020 and 2021 projected to be worse than any of the years since the global financial crisis. However, billionaires, in the selected group of countries, have seen their financial situation improve during the phase of
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It is pretty apparent that Indians love cricket, and millions of Indians look forward to this specific cricket event every summer. And if you're a fellow cricket lover, you'll understand what we're talking about. The Indian Premier League, or IPL, is one of India&