AMBANIS
Need for rules comes to fore as India corporate landscape clutters up with family feuds
India's corporate landscape is witnessing a surge in family disputes that threaten the very foundation of long-established businesses. Following the exit or passing of key patriarchs, internal discord often erupts, underscoring the critical requirement for legislative mechanisms that favour transparent succession planning.
Reliance may find it difficult to replicate cola disruption in biscuits: Britannia CEO & MD
Britannia Industries has expressed confidence in its market position amid competition from Reliance Industries. While Reliance has entered the biscuits market, distinct pricing dynamics could limit its ability to disrupt. Britannia CEO Rakshit Hargave emphasized their strong market moats and growth plans. The competition is closely monitored as Reliance's expansion efforts continue across India. Overall, Britannia remains optimistic about confronting Reliance's presence in the biscuit segment.
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.
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.
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.
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.
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.
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 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.
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.
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