MUKESH AMBANIS RELIANCE INDUSTRIES LTD

Reliance's app, stores may soon sport Shein

Reliance Retail Ventures is gearing up to launch Chinese fast-fashion label Shein in India, a year after forming a strategic partnership with the brand. The retailer plans to sell Shein products on its app and offline stores. Former Meta director Manish Chopra may lead Shein's operations in India. Shein aims to reduce dependence on China and leverage India's supply chain. The platform and data will be hosted and controlled by Reliance Retail.

Nita & Mukesh Ambani throw grand mass wedding ceremony for the poor ahead of son Anant’s wedding

Nothing embodies the spirit of love like a mass wedding! In celebration of their youngest son's upcoming nuptials, the Ambani family hosted a grand mass wedding ceremony for over 50 underprivileged couples from Maharashtra's Palghar on July 2.

Nita Ambani lovingly fixed daughter Isha’s hair at mass wedding, video goes viral

No matter your age, a mother’s love remains steadfast. A video of Reliance Industries matriarch Nita Ambani sharing a tender moment with her daughter Isha is currently going viral online. In the clip, Nita is seen lovingly fixing Isha’s hair.

RIL shares can create up to $100 billion wealth, predicts Morgan Stanley

Morgan Stanley, a global brokerage firm, forecasted that Mukesh Ambani-led Reliance Industries' (RIL) fourth monetisation cycle could potentially increase market capitalisation by $60-100 billion. They set a target price of Rs 3,540 in the base case scenario.

Anant Ambani pre-wedding dinner: Billionaire Anand Piramal opts to arrive in Toyota Camry; wins netizens' hearts

Billionaire Anand Piramal garnered praise on social media for arriving at his brother-in-law’s pre-wedding dinner at Antilia in a Toyota Camry. Despite the presence of luxury cars like Maybachs and Rolls Royces, Piramal’s choice of the Camry, priced at less than Rs 60 lakh, highlighted his simplicity. Anand Piramal, married to Isha Ambani, daughter of Mukesh Ambani, is the heir to the Piramal Group. Social media users admired his down-to-earth nature, with comments emphasizing his modesty.

Anant-Radhika wedding: Ambanis to host mass wedding for underprivileged ahead of grand celebration

Anant Ambani and Radhika Merchant's upcoming wedding has Mumbai abuzz with excitement. The couple, set to tie the knot soon, is preparing for grand celebrations, including a mass wedding for the underprivileged on July 2 in Palghar. The main ceremonies will take place at Mumbai's Jio World Convention Centre in BKC, starting with the auspicious Shubh Vivah on July 12. This union joins two prominent industrialist families, with earlier festivities in Jamnagar drawing global influencers and cultural icons like Mark Zuckerberg, Bill Gates, Ivanka Trump, and Rihanna.

Reliance shares jump over 4% to hit fresh 52-week high

Reliance Industries (Ltd) shares surged over 4% to hit a new intra-day high of 3,029 on Wednesday, boosting the benchmark Nifty by 144 points. Despite earlier losses post-election, RIL staged a strong recovery, erasing losses and gaining approximately 2.4%.

Nita Ambani at Kashi Vishwanath temple, offers son's wedding invitation to Lord Shiva; enjoys food at a local chaat shop

About 16% Reliance shareholders oppose reappointment of Aramco chairman as director

Reliance Industries' shareholders approved reappointment of Yasir Othman H Al-Rumayyan and appointed Haigreve Khaitan as independent directors. They also reappointed P M S Prasad. The board is led by Mukesh D Ambani and includes his children Isha, Akash, and Anant, along with cousins Hital and Nikhi Meswani.

Reliance shareholders approve retail unit's $4 billion lease to Jio Financial

JFS plans to acquire equipment worth 360 billion rupees from Reliance Retail, as the financial services provider plans to enter the device leasing business. Through the deal, JFS' unit - Jio Leasing Services - will buy customer premises equipment, devices and telecom equipment such as routers and cell phones.

Anant Ambani wrote this love letter for Radhika Merchant six years ago

Anant Ambani expressed his love for fiancée Radhika Merchant by writing a heartfelt letter on her 22nd birthday, which was later printed on a custom Robert Wun gown. Radhika wore this unique dress during the first event of their pre-wedding Mediterranean cruise. The celebrations included a Roman-themed toga party, a masquerade ball, and performances by international stars such as the Backstreet Boys and Andrea Bocelli.

At the Ambani wedding celebrations, a dazzling display of jewels

Anant Ambani-Radhika Merchant Wedding: A tale of opulence and extravagance unfolds as billionaire Mukesh Ambani held a lavish prewedding celebration for his son, showcasing jaw-dropping jewelry pieces with emeralds the size of Popsicles and rare natural pearls. The event, attended by global elite, offered a glimpse into a world of wealth and luxury reminiscent of a bygone era.

Mukesh Ambani & Shah Rukh Khan relish Rs 31 ORS packets at PM Modi’s oath-taking, pics go viral

Shah Rukh Khan, accompanied by his manager Pooja Dadlani, also created a viral moment by hugging actor Akshay Kumar. Among the other notable celebrities at the Rashtrapati Bhavan were megastar Rajinikanth, Anupam Kher, Anil Kapoor, Raveena Tandon, Vikrant Massey, and Rajkumar Hirani. Khan looked stylish in an all-black outfit, while business mogul Mukesh Ambani chose a simple all-white ensemble.

Mukesh Ambani faces pushback in Ghana over exclusive 5G deal

The Ghanaian government’s plan to launch a 5G network using a company partnering with Mukesh Ambani is a bad deal for the debt-ridden nation, which needs funds for critical development projects, the National Democratic Congress (NDC) said in a statement on Monday.

Adani third Indian business house to cross $10-b mark in operating profit

Adani Group joins Tata Group and Mukesh Ambani's Reliance Group in achieving $10 billion annual operating profit in FY24 despite challenges.

Gautam Adani is Asia's richest person again; overtakes Ambani on Bloomberg Index with $111 bn net worth

Billionaire Gautam Adani has reclaimed the title of Asia's richest person, surpassing Mukesh Ambani, with a net worth of $111 billion, compared to Ambani's $109 billion. Adani's rise is attributed to a surge in Adani Group stocks following reports of aggressive expansion plans. The Adani Group added ₹1.23 lakh crore in investor wealth, reaching a market capitalisation of ₹17.94 lakh crore intraday. Adani's fortunes had dipped in 2023 after a sell-off due to a probe into allegations, but the Supreme Court later cleared the group.

Mukesh Ambani's fintech juggernaut starts rolling: The road ahead

Ambani's latest fintech business under Jio Financial Servics Ltd (JFSL) aims to ride on extensive consumer network as well the data Reliance has acquired. The tracks that consumers leave while shopping and using Reliance products and services will form a strong databank for JFSL.

Reliance and Tata recognised among the World's Most Influential Companies by TIME

Reliance Industries Limited (RIL) has been named one of the World's Most Influential Companies by TIME magazine, marking its second appearance in the TIME 100 list. Recognized in the 'Titans' category, Reliance has significantly impacted various sectors in India and beyond, under the leadership of Mukesh Ambani. Key initiatives include Jio Platforms, the world's largest refining complex, Reliance Retail, investments in new energy, and ambitious net zero goals. The inclusion highlights the growing global influence of Indian enterprises.

Why Mukesh Ambani can't ignore a new consumer habit

Reliance Industries (RIL) chairman Mukesh Ambani is expanding the company's retail empire to include quick commerce services through JioMart. This move aims to compete with players like Blinkit and BigBasket, leveraging Reliance's extensive reach and resources. The shift towards quick commerce reflects changing consumer habits, favoring convenience and instant deliveries.

Next disruption? Reliance’s JioMart to enter quick commerce space to take on Blinkit, Zepto and others

Reliance Industries, led by Mukesh Ambani, plans to enter India's quick commerce sector, aiming to compete with Blinkit, BigBasket, Instamart, and Zepto. Initially targeting 7-8 cities, JioMart aims to expand to over 1,000 cities. Unlike rivals, it will leverage Reliance Retail's network instead of dark stores. Goldman Sachs estimates the online grocery market at $11 billion, with quick commerce accounting for $5 billion, possibly affecting kirana store sales.

Reliance signs deal with Russia's Rosneft to purchase oil in roubles

Reliance Industries has signed a one-year deal with Russia's Rosneft to purchase at least 3 million barrels of oil monthly in roubles. This agreement, following President Putin's push for alternative financial systems amid Western sanctions, secures discounted oil for Reliance and underscores India's role as a major buyer of Russian crude.

RIL's Mukesh Ambani set for African safari with 5G tech solutions

Radisys, a company owned by RIL's subsidiary Jio Platforms Ltd (JPL), is collaborating with Tech Mahindra and Finland's Nokia, to team up with Next-Gen Infrastructure Co. (NGIC). NGIC, in which the Ghanaian government, Ascend Digital, and K-Net have equity stakes, is positioned as the first neutral 5G shared infrastructure provider in Africa. The company's initial focus will be on offering 4G and 5G network support in Ghana before expanding its services across the continent.

Jio Financial seeks shareholders approval for up to 49% foreign equity investments

Among the public shareholders, foreign investors own about 19% stake in the company and mutual funds are holding 4.74%, according to the latest shareholding data available with the exchanges.