AMBANI
The great Indian biscuit battle begins: Can Reliance crack the code?
Reliance Consumer Products Ltd is set to foray into India's competitive biscuit market, with an aim to leverage affordable pricing and a wide variety of products to attract consumers. Industry leaders Britannia and Parle dominate the market, making it challenging for new entrants like Reliance's Independence.
18-month-old elephant calf Maya airlifted from Kerala to Anant Ambani’s Vantara for intensive care
Maya, an 18-month-old elephant calf from Kerala, has been airlifted to receive specialized medical attention. She suffered a fall in July that left her with multiple fractures and unable to stand. Despite extensive treatment, her health declined until late October, when a potential disorder was discovered. Vantara is stepping in to offer innovative care, believing in the importance of every life.
Britannia CEO plays down Reliance's pricing threat in India biscuit market
Reliance Industries' Independence biscuits are entering India's competitive biscuit market with packs starting at Rs 5, but Britannia CEO Rakshit Hargave says disrupting the category will be harder than its Campa cola play. With biscuits already priced at Rs 5 and Rs 10, aggressive discounts could hurt margins. Britannia is also raising prices and shrinking pack sizes amid rising input costs.
Govt lines up Rs 9,000 crore asset monetisation plan in FY28 to clear MTNL, BSNL liabilities
The Indian government is preparing an asset monetisation plan to address the liabilities of MTNL and BSNL. This plan is expected to generate Rs 9,000 crore in the next financial year. Government officials report that the liabilities of these telecom public sector undertakings are nearly Rs 50,000 crore. Additionally, several properties among the departments have been sorted for ownership clarity.
India says PepsiCo, Monster marketed with 'energy drink' label to dupe consumers
India's food regulator FSSAI has accused PepsiCo and Monster Beverage of misleading consumers by marketing high-caffeine products as energy drinks, defending its ban on the label. The dispute has escalated into a legal battle, with the regulator citing public health risks linked to caffeine, sugar and taurine content.
Ambani's Jio Platforms explores tech-for-equity talks with Comcast and Charter, sources say
Jio Platforms, controlled by Mukesh Ambani's Reliance Industries, is exploring international partnerships for its broadband technology. The company has discussed potential collaborations with Comcast, Charter Communications, and South Africa's MTN Group. Negotiations with MTN fell through due to disagreements on valuation and licensing issues. Jio aims to secure 10 to 15 global partners for its proprietary system. There is currently no set timeframe for reaching a definitive agreement.
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4 reasons why Reliance Industries shares can rally after Monday magic sparked historic 12% surge
Reliance Industries shares surged, their biggest single-day gain since April 2020, adding nearly Rs 2 lakh crore to the company's market capitalisation after strong Q2 results. Despite remaining down over 17% in 2026, analysts see further upside potential, citing positive fundamental and technical cues.
Ambani tops Forbes' global billionaire gainers list with $6 bn wealth jump as Reliance shares soar
Mukesh Ambani has become the largest wealth gainer globally, adding USD 6 billion to his fortune. Reliance Industries shares surged 11.6 percent after a favorable quarterly earnings announcement. The company's consolidated net profit increased by 40.6 percent year-on-year, exceeding analysts' expectations significantly. Core earnings for its refining and Jio Platforms businesses experienced significant growth during the quarter. Ambani's wealth rose to USD 88.8 billion, placing him as the richest Indian.
Adani Group to seek $1.5 billion for data center financing
Adani Group, led by Gautam Adani, is negotiating a $1.5 billion loan to finance its data center expansion. The joint venture AdaniConneX with EdgeConneX is involved in discussions with various lenders. Plans include investing around $100 billion in digital infrastructure by 2035, enhancing their energy business. Meanwhile, Reliance conglomerate is also investing significantly in artificial intelligence infrastructure.
Nita Ambani's rare dragonfly brooch took 10 years to make. What makes world-renowned Chinese jewellery creator Wallace Chan's jewellery so special?
At the launch of The Library at Nita Mukesh Ambani Cultural Centre in Mumbai, Nita Ambani wore a significant brooch. The piece, called Soaring Spirit, is crafted by Wallace Chan and took ten years to complete. Valued between Rs 12 crore and Rs 15 crore, the brooch features colourful gemstones and intricate designs.
Diwali cheer! Mukesh Ambani gets $8.5 billion richer in a day as RIL shares soar
Mukesh Ambani experienced a significant increase in wealth following a rally in Reliance Industries shares. The company's stock rose by 11.64%, marking its strongest gain in over six years. Reliance's quarterly earnings surpassed expectations, especially in its oil-to-chemicals and telecom sectors. Analysts have since shown increased optimism about the company's financial outlook and growth prospects. However, challenges remain for Reliance's retail business and overall stock recovery.
Nita Ambani lays foundation stone for Karjat care facility on birthday
Nita Ambani performed the groundbreaking ceremony for Nita Mukesh Ambani Anant Ashray in Karjat, Maharashtra, on her birthday. This care facility aims to support over 5,000 residents, including orphaned children and senior citizens. The township will be developed in phases and will focus on community living rather than traditional institutional care. This project will include numerous medical and recreational facilities to promote individual wellbeing and personal development.
Reliance Retail Q2 profit takes a hit on Qcomm push
Reliance Retail Ventures reported a significant drop in net profit, down 24.5% year-on-year to ₹2,619 crore in the last quarter. Despite this, revenue improved by 5.8% to ₹80,220 crore, largely driven by a surge in grocery sales. The company's profitability was affected by strategic investments and evolving festive season patterns, alongside rising finance costs stemming from increased borrowing and interest rates. Focus remains on improving transactions and business model adaptation.
Jio Platforms profit zooms 14% on healthy user mix, digital play
Jio Platforms has unveiled an impressive 14% net profit growth to ₹8,387 crore for the September quarter, achieving a milestone subscriber count of 542 million, which includes 300 million utilizing 5G services. Revenue from operations climbed to ₹40,475 crore, fueled by a surge in digital services and a boost in average revenue per user, now at ₹218.8.
Oil-to-chemicals business powers Reliance Industries' record quarterly net profit, up 34% to ₹29,550 crore
Reliance Industries Ltd has set a new benchmark with a record net profit of ₹29,550 crore for the September quarter, fueled by significant advancements in the oil-to-chemicals and digital segments. With a yearly revenue surge of 28.5% to ₹3.38 lakh crore, the O2C division's Ebitda skyrocketed 68%, reflecting the advantages of elevated energy prices and the firm’s adaptability in challenging market scenarios.
Reliance Industries announces fundraising, to raise Rs 15,000 crore through NCDs
Reliance Industries has approved plans to raise up to Rs 15,000 crore through non-convertible debentures via private placement. The fundraising announcement came with the company's Q2 earnings where it reported a 41% year-on-year rise in net profit to Rs 25,548 crore.
Ambani kids’ viral video: ‘Even India’s richest man’s children are growing up watching mobile screens’; netizens find videos too cute to ignore
Jio Platforms celebrated its stock market debut at the National Stock Exchange in Mumbai, where Mukesh Ambani's grandchildren stole the show with their charming behavior. Their playful moments quickly became internet sensations, receiving a flood of comments from online users. The event showcased not only their playful nature but also how Mukesh and Nita Ambani navigated the joyful chaos with incredible patience and affection, highlighting their expanding family bonds.
Ambani magic captivates India once more with blockbuster deal
Jio Platforms Ltd. recorded India's largest IPO, raising $3.1 billion and experiencing a 27% rise in shares. The Ambani family strategically adapted the deal structure and lowered valuations to attract investors. Mukesh Ambani's son Akash played a significant role in this IPO process, marking a milestone for the Ambani dynasty. Jio's market valuation exceeded $130 billion, becoming India's second-most valuable company.
Jio listing propels Reliance past Tata Group as India's biggest conglomerate
The listing of Jio Platforms has significantly impacted India's corporate rankings, with Reliance Industries regaining the top position. Reliance's market capitalisation rose to approximately ₹30.26 lakh crore, overtaking the Tata Group. Jio's shares closed at ₹1,417.35, reflecting a 26.66% premium over the issue price. This transition highlights the challenges faced by other conglomerates, such as the Tata Group and Mahindra Group.
Jio Platforms shares surge 21% on debut, overtake Airtel in market cap
Jio Platforms made a remarkable entrance in the stock market, soaring 21.4% above its IPO price on the first day of trading. Closing at ₹1,417.35, the stock surpassed Bharti Airtel in market capitalization. With a staggering 22 times oversubscription, the IPO attracted considerable institutional backing. At the launch event, executive director Anant Ambani recognized the invaluable support from millions of subscribers.
Jio Platforms lists on NSE as 3,138th company, making Ambani family proud with a 21.36% surge
Jio Platforms became the 3,138th company to list on the NSE after a significant public offering. The listing resulted in a notable 21.36% increase, making Jio the second most valuable Indian company. Mukesh Ambani expressed strong emotions as he witnessed his children outline their vision for the future. Following the listing ceremony, the family visited a temple and celebrated with a drone show.
From Dhirubhai Ambani’s Rs 10 crore IPO to Akash Ambani’s Rs 12.5 lakh crore Jio debut: Reliance’s biggest wealth story
Jio Platforms’ Rs 12.5 lakh crore debut marks a new milestone in the Ambani family’s wealth creation journey, tracing Reliance’s evolution from its Rs 10 crore IPO in 1977 to a digital technology giant.
Jio IPO listing: With drones, DJs and a helipad, Ambani throws a party for stock market debut
Mukesh Ambani is hosting extravagant celebrations for the IPO of Reliance conglomerate, which is a significant event. The festivities include elaborate performances and a drone show near a helipad, creating a festive atmosphere. Many employees shared videos of dancing and lively celebrations on social media, reflecting the excitement on the campus. This event follows the record-breaking Jio Platforms IPO, which attracted immense interest and surging stock prices.
Isha Ambani says Jio IPO marks a promise, renews Dhirubhai Ambani’s trust with investors
Isha Ambani described Jio Platforms’ stock market debut as a promise to honour the trust of investors and customers, nearly five decades after Dhirubhai Ambani took Reliance Industries public. Jio’s Rs 30,200-crore IPO attracted over Rs 7 lakh crore in demand, with the stock listing at a 21.3% premium.
Jio listing: Mukesh Ambani gets emotional as Isha recalls how he worked on Reliance’s first IPO at age 20; watch video
At the Jio Platforms IPO listing ceremony, Mukesh Ambani's children, Isha and Anant, shared their family's legacy. Isha recalled their father's early days at Reliance while emphasizing Jio's significant financial achievements in just ten years. Anant expressed gratitude for Jio's supporters and compared the IPO to a religious ritual.
Akash Ambani vows to take Jio to new heights after blockbuster IPO
Speaking at the listing ceremony, Ambani said the company aims to democratise technology with the potential to transform Indian lives over the next ten years, including connectivity from space.
Akash Ambani announces Jio’s next big mission after data: Bring AI, cloud and space connectivity to every Indian
Jio Platforms made a strong stock market debut, listing at a 21.3% premium after its Rs 30,200 crore IPO was fully subscribed within 95 minutes. Managing Director Akash Ambani outlined Jio’s next phase of growth, focusing on democratising artificial intelligence, cloud computing, space connectivity and emerging digital technologies to transform lives across India.
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