Mukesh Ambani

Mukesh Ambani's RIL has stock analysts most bullish in seven years

The stock is down 3% so far in 2023 compared with a gain of 1.5% in the S&P BSE Sensex Index, hurt in part by a decline in crude prices

Jio Platforms gets Rs 350 crore deal to run NIC's cloud services for 5 yrs

Jio has been selected to enhance NIC's national cloud services and will be deployed at the National Data Centre in Delhi, Pune and Bhubaneswar

RIL sets sights on frozen food market, takes another bite at dairy

Move aims at competition with Amul, Mother Dairy

Unfazed by competition from RIL, expect broad-based growth in FY24: GCPL

Godrej Consumer Products Ltd is unfazed by the prospect of competition from Reliance's entry into the FMCG sector, having seen multiple disruptions, including the high-profile entry of Baba Ramdev's Patanjali, according to a top company official. The company is betting on its brand equity, wide range of portfolios and innovations to ward off competition, Godrej Consumer Products Ltd (GCPL) CFO Sameer Shah told PTI. "We have seen multiple disruptions in the FMCG sector. In 2005-06 every one said that modern retail would take the sector by storm with private labels and FMCG players would find it very difficult to compete. After 17-18 years nothing has changed with modern retail play, he said. Shah was responding to a query on how the entry of Reliance in the FMCG segment would change the competitive landscape of the sector. "It's too early to call on, he said adding, We have seen Patanjali a few years back. Five to six years back the expectation was they would take on every FMCG play

Ambani regains Asia's richest person spot, Adani tumbles to 24: Forbes

Steel magnate Lakshmi Mittal was ranked at No. 5 followed by OP Jindal Group matriarch Savitri Jindal, Sun Pharma's Dilip Shanghvi and Radhakishan Damani, whose Avenue Supermarts owns the DMart

From SRK, Varun Dhawan, Nick Jonas, to Gigi Hadid, stars at Ambani Gala

NMACC was inaugurated at Jio World Centre in Bandra Kurla Complex on Friday and the fashion showcase was launched on the second day of the opening gala on Saturday

RIL up 4%; Lenders, shareholders to meet May 2 for financial arm's demerger

The move is expected to create a big player in segments including the NBFC (non-banking financial company) space with net worth of Rs 25,851 crore as of March 2022.

From soft drinks to soaps, Ambani's Reliance unveils big price war plan

After stirring a price war in the soft drink segment with the relaunch of Campa, billionaire Mukesh Ambani-led Reliance has entered the personal and home care segment of FMCG, offering products at 30 to 35 per cent lesser price. Experts say "the jury is out" and a competitive offering from Reliance would attract the customers to try its products and evaluate performance, quality and perception in comparison to the same from the established brands. Products of RCPL, the FMCG arm and wholly-owned subsidiary of Reliance Retail Ventures Limited (RRVL), are available only in selected markets but the company is building a dealer network on a pan-India basis, and the availability of its products will be scaled up across modern and general trade channels. "They are creating a distinct and dedicated distribution network comprising traditional dealer/stockists as well as modern trade b2b channels," said an industry source. It articulates ambitions to be a relevant player in the USD 110-billi

Ambani adopts familiar playbook in India cola battle vs Coke, Pepsi

A person with direct knowledge of Reliance's plan said it aims to open some factories of its own or as joint ventures to make Campa, and take the soda to hotels, restaurants and in-flight sales

Gautam Adani lost Rs 3,000 crore a week in 2022-23: M3M Hurun report

The combined market-capitalisation (market-cap) of all listed Adani group firms has plunged nearly Rs 7.11 trillion since January 24 when the Hindenburg report was made public

Reliance planning hotels, resorts, lodging facility near Statue of Unity

The Tata Group's Indian Hotels Company already is already in a partnership with Sardar Sarovar Narmada Nigam (SSNNL) and plans to launch two properties, namely Vivanta and Ginger

In line with new govt rules, Reliance re-auctions gas from its KG-D6 block

Reliance Industries Ltd and its partner bp plc have re-launched an auction for sale of natural gas from their eastern offshore KG-D6 block after incorporating the government's new marketing rules to give CNG-selling city gas companies first priority over supplies. Reliance and its partner BP Exploration (Alpha) Ltd (BPEAL) will sell 6 million standard cubic meters per day of gas in an e-auction planned for April 3, a tender notice said. The price is indexed to the global LNG marker, JKM but will be subject to the government-notified ceiling price. The partners had originally planned the auction in January but days before that the Ministry of Petroleum and Natural Gas, on January 13, published new rules for the sale and resale of gas produced from discoveries in deep sea, ultra-deep water and high-pressure-high temperature areas. This led to the auction being suspended and is now being re-launched after incorporating changes. Gas produced from wells drilled below seabed is used to .

Cola war looms as Campa returns; distributors fear for their margins

In an announcement last week, Reliance Consumer Products launched Campa with three flavors: cola, lemon, and orange. The drinks have been launched in Andhra Pradesh and Telangana

Reliance market-cap falls below Rs 15 trillion; stock down 9% in six days

At 09:38 AM; Reliance Industries' market-cap stood at Rs 14.94 trillion on the BSE, the exchange data shows.

All you need to know about the richest Indian families and their wealth

Aditya Birla Group, a family business and 7 generations old, has a presence in various sectors, including metals, financial services, and retail

Reliance brings back 50-year-old iconic beverage brand Campa Cola

Billionaire Mukesh Ambani's Reliance re-launched the 50-year-old iconic beverage brand Campa Cola in a new contemporised avatar as it looks to ramp up its own consumer goods offering to take on competition from Adani, ITC and Unilever. In January this year, Reliance Consumer Products Ltd, the fast-moving consumer goods arm of Reliance Retail, acquired a 50 per cent stake in Gujarat-based carbonated soft drinks and juice maker Sosyo Hajoori Beverages Pvt Ltd. It had previously acquired the Campa brand from Pure Drinks group for a reported Rs 22 crore. And now, it has re-launched the Campa brand of beverages. "The Campa portfolio will initially include Campa Cola, Campa Lemon and Campa Orange in the sparkling beverage category," the company said in a statement, adding the cold beverage portfolio will initially be available in Andhra Pradesh and Telangana and will be rolled out across the country in stages. Campa-Cola was a popular soft drink brand in the 1970s and 1980s but fizzed ou

Andhra Global Investors Summit: Mukesh Ambani talks 10-Gw solar play

"I am happy to announce that we will continue our investments and we will invest in 10 Gw of renewable solar energy in AP," said Ambani.

Reliance to set up 10 gigawatt solar energy project in AP: Mukesh Ambani

Reliance Industries Chairman Mukesh Ambani on Friday said his group will be investing in Andhra Pradesh to set up a 10 gigawatt renewable solar energy project. Speaking at the inaugural session of the two-day Global Investors Summit 2023 here, Ambani said as much as Rs 1.50 lakh crore was invested in Reliances' KG-D6 assets, developing and supporting gas pipeline and the natural gas produced there is fuelling India's clean energy transition and will contribute to nearly 30 per cent of the country's gas production. "I would like to assure you that Reliance will continue to be an unflinching partner to the people and the Government of Andhra Pradesh in your state's all-around accelerated progress. This morning, I am happy to announce that we will continue our investments and we will invest in 10 gigawatts of renewable solar energy in the state of Andhra Pradesh, Ambani said. According to him, the rollout of Jio True 5G will be completed by the end of 2023 throughout the country and

Reliance to set up 10 gigawatt solar energy project in Andhra: Ambani

Reliance Industries Chairman Mukesh Ambani on Friday said his group will be investing in Andhra Pradesh to set up a 10 gigawatt renewable solar energy project. Speaking at the inaugural session of the two-day Global Investors Summit 2023 here, Ambani said under the determined and farsighted leadership of Prime Minister Narendra Modi, India has now become the fastest growing economy in the world. Similarly, Andhra Pradesh has grown phenomenally under the leadership of Chief Minister YS Jagan Mohan Reddy. "This morning, I am happy to announce that we will continue our investments and we will invest in 10 GW of renewable solar energy in the state of Andhra Pradesh, Ambani said. He further said Reliance has invested over Rs 1.50 lakh crore in its KG D-6 assets, developing and supporting gas pipelines. Today the natural gas produced by Reliance in KG D-6 basin was fuelling the country's clean energy transition and will contribute to nearly 30 per cent of its gas production. "This is

Ambani, others bigwigs attend Global Investors Summit in Visakhapatnam

With the presence of industry bigwigs such as Mukesh Ambani of Reliance Group, GM Rao of GMR Group, founder-chairman of Cyient BV Mohan Reddy, the Global Investors Summit 2023 "Advantage Andhra Pradesh" began here on Friday. The sprawling sports grounds of Andhra University is hosting the two-day meet, where about 200 stalls have been set up, including over 30 showcasing the various advantages of investing in Andhra Pradesh in 13 crucial sectors identified by the government. The venue has five massive halls and each hall will host different events such as government-to-business (G2B) meetings, seminars, and meetings. Over 8,000 dignitaries and investors from across India and 40 other countries including China and USA are attending the event, a government press release said. Speaking at the inaugural session, AP Finance Minister Buggana Rajendranath Reddy said the dream is not only to re-establish AP as the industrial hub of the India but of the globe. "We have proximity to Chennai