RIL CHAIRMAN MUKESH AMBANI

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.

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%.

Gautam Adani's salary in FY24 was lower than most industry peers, even his own top execs

Going by FY24 data, Gautam Adani's salary is less than the heads of almost all big family-owned business groups in India. His pay is way below those of Sunil Bharti Mittal (Rs 16.7 crore in 2022-23), Rajiv Bajaj (Rs 53.7 crore), Pawan Munjal (Rs 80 crore), L&T Chairman S N Subrahmanyan and Infosys CEO Salil S Parekh.

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.

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.

Another Ambani vs Mittal battle? A look into Airtel's African empire

Bharti Airtel's African venture has been a rollercoaster ride, starting with a bold move by chairman Sunil Mittal in 2008. Despite initial struggles, Airtel Africa has managed to establish a strong presence in 14 countries. Meanwhile, Mukesh Ambani's Reliance Industries is making inroads into the African telecom market with 5G infrastructure solutions. As Airtel Africa faces currency woes, the stage is set for a potential showdown between the two telecom giants.

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.

Mukesh Ambani, Anand Mahindra and Harsh Goenka snapped together: RPG Chairman shares throwback pictures; check viral post

Harsh Goenka recently shared a throwback photo on social media, featuring himself with Mukesh Ambani and Anand Mahindra. The candid moment, captured by journalist Pradeep Chandra, quickly gained popularity, drawing thousands of views and likes. Goenka's humorous caption, highlighting the unique traits of each friend, resonated with users who praised the camaraderie and wit displayed.

Walt Disney incurs $2b+ goodwill impairment charge linked to Star India in 2nd quarter

The US entertainment giant, which has signed a merger deal with Mukesh Ambani's Reliance Industries Limited (RIL), has recorded a $1.3 billion non-cash goodwill impairment charge related to the India merger deal, as per a regulatory filing.

Reliance Industries: Lower capex spend likely to improve return ratios

Net profit attributable to the company, India's biggest by value, retreated marginally to Rs 18,951 crore. Analysts expected the country's biggest refiner, telco and retailer to report a bottom-line just shy of Rs 18,000 crore, translating into a decline in excess of 5%.

RIL shares see target prices going up to Rs 3,500 after Q4 results. Time to buy?

Reliance Share Price: RIL shares, which have gained around 14% in the calendar year so far, were trading flat in Tuesday's morning trade but brokerages have increased their targets going up to Rs 3,500-mark.

After Museum Gallery, Adani Group to fund policy thinktank

This move pitches the infrastructure conglomerate in direct competition with RIL-backed Observer Research Foundation or ORF, a think tank that took shape in 1990. ORF, based in New Delhi, has emerged in recent years as one of India's most high-profile thinktanks.

Potential for re-rating across verticals in RIL: Morgan Stanley

Stating that there is a potential for re-rating across multiple verticals of Reliance Industries (RIL), global broking firm Morgan Stanley has taken an overweight stance on the oil-to-retail conglomerate with a price target of Rs 3,046, signaling an upside potential of 2%.

Mukesh Ambani's RIL in spotlight as world's biggest fund managers hunt for AI winners beyond the US

Major investment firms worldwide are seeking the next generation of artificial intelligence (AI) leaders beyond the borders of the United States. Despite the significant rise in the valuation of Nvidia Corp. and a notable increase in a key American semiconductor index, propelled by global enthusiasm for AI, investors are now turning their attention to emerging markets for greater value and a wider array of investment opportunities. Reliance Industries Ltd., led by billionaire Mukesh Ambani, stands out among these emerging players

Businesses have responsibility to build stronger, more inclusive India: Mukesh Ambani

'Merger deal with RIL undervalued Disney's Star India assets'

It also said that the deal undervalued Disney's Star India assets, leading to a $2 billion impairment. On February 28, Disney and RIL announced the signing of a deal to merge Viacom18 with Star India, which will create the country's biggest media and entertainment business valued at $8.5 billion.