Mukesh Ambani, Asia’s richest man, is racing to buy American ethane gas as a shield against President Trump’s trade war. His company Reliance Industries imports 1.6 million tonnes yearly from US shale fields, shipped in giant tankers to Gujarat factories. This cheap gas replaces costlier oil-based naphtha for making plastics, saving $450 million annually. With … Read more
NVIDIA CEO Jensen Huang and Reliance Industries Chairman Mukesh Ambani today announced a strategic partnership to build state-of-the-art AI infrastructure in India at the NVIDIA Summit in Mumbai “It is important that we design and build infrastructure so that to use AI our customers don’t have to change their phones or computers but they can … Read more
Paramount Global is in discussions to sell its stake in its media joint venture in India to Mukesh Ambani’s Reliance Industries Ltd., according to people familiar with the matter, as Asia’s richest man continues to consolidate his clout in one of the world’s fastest-growing entertainment markets. The New York-based media company has been in advanced … Read more
After months of speculation, the mega merger has been officially announced. Key points to note – Reliance Industries (RIL), Viacom 18 Media Private Ltd, and The Walt Disney Company (Disney) have signed binding definitive agreements to form a joint venture (JV) which will combine the businesses of Viacom18 and Star India. Viacom 18 is majorly … Read more
Reliance Industries is preparing to commission the Dhirubhai Ambani Green Energy Giga Complex, a 5,000-acre manufacturing facility for renewable energy-related products, in Jamnagar in the second half of 2024, its chairman and managing director Mukesh Ambani said on Wednesday. Addressing the Vibrant Gujarat Summit, the western state’s flagship investment conclave, in Gandhinagar, Ambani said that … Read more
At the Reliance Industries Ltd (RIL) annual general meeting in August, Chairman Mukesh Ambani said his three children — daughter Isha and sons Akash and Anant — would be inducted on the board as non-executive directors, while he would continue as chairman and managing director for another five years. Now, Ambani’s youngest son, Anant, is … Read more
Reliance in recent years has announced big ambitions in the renewable space. In continuation of the same, it has now showcased it’s swappable and multipurpose battery storage technology for electric vehicles (EVs). As part of the plan, RIL has developed a removable lithium-ion battery that can power an electric scooter, electric three-wheeler and a light … Read more
The 46th Annual General Meeting (AGM) of Reliance Industries Limited (RIL) is being held on Monday. The RIL AGM is a major event for the Indian business community. The announcements made at the meeting could have a significant impact on the Indian economy. Investors are therefore eagerly awaiting the meeting to hear what Mukesh Ambani … Read more
Reliance (RIL) is doing everything that one could possible imagine. Whether it’s fund raises or businesses, it’s everywhere. Now it’s subsidiary Reliance Retail Ventures (RRVL) has filed a document with SEBI to raise funds through the InvIT route. (This is the fourth InvIT from Reliance following it’s infrastructure trusts in gas pipelines, Jio telecom towers … Read more