Mukesh Ambani says ongoing slowdown 'temporary'
5 years, 7 months ago

Mukesh Ambani says ongoing slowdown 'temporary'

India TV News  

Describing the fundamentals of the Indian economy as strong, Reliance Industries Ltd Chairman Mukesh Ambani on Monday said that the ongoing slowdown in some sectors of the economy is temporary. Addressing RIL shareholders at the 42nd Annual General Meeting, he said that the opportunities will grow further with structural reforms and noted that India has the required political stability. Ambani further said that he endorsed Prime Minister Narendra Modi's target of making India a $5 trillion economy by 2024 and observed that India would touch the $10 trillion mark by 2030. "Indeed, I can clearly see India becoming a $10 trillion economy by 2030, with every Indian as a beneficiary," he said.

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RIL Chairman Mukesh Ambani pledges Rs 50,000 crore investment in Assam
Trending News
1 month ago

RIL Chairman Mukesh Ambani pledges Rs 50,000 crore investment in Assam

Firstpost  

Ambani vowed to invest Rs 50,000 crore in the northeastern state over the course of next 5 years in an address at the Advantage Assam 2.0 event. File photo Mukesh Ambani, the Chairman of Reliance Industries Limited, on Tuesday pledged a massive investment in Assam. Ambani vowed to invest Rs 50,000 crore in the northeastern state– over the course of …

RIL Chairman Mukesh Ambani pledges Rs 50,000 crore investment in Assam
1 month ago

RIL Chairman Mukesh Ambani pledges Rs 50,000 crore investment in Assam

Firstpost  

Ambani vowed to invest Rs 50,000 crore in the northeastern state over the course of next 5 years in an address at the Advantage Assam 2.0 event. Ambani vowed to invest Rs 50,000 crore in the northeastern state– over the course of five years– in an address at the Advantage Assam 2.0 event. RIL Chairman Mukesh D. Ambani speaks at …

Mukesh Ambani Pledges to Double RIL Investments in Bengal by 2030
1 month, 3 weeks ago

Mukesh Ambani Pledges to Double RIL Investments in Bengal by 2030

Deccan Chronicle  

Kolkata: Industrialist Mukesh Ambani on Wednesday pledged to double investments of his business conglomerate, Reliance Industries Limited, in West Bengal by 2030. More importantly, our investment created one lakh direct jobs and sparred significant economic growth in Bengal.” Showering lavish praise on the chief minister on the dais amid the opposition’s allegations of lack of industrial growth under the Trinamul …

‘Best time to invest’: Mukesh Ambani lauds Bengal’s ‘inclusive, sustainable development model’
Trending News
1 month, 3 weeks ago

‘Best time to invest’: Mukesh Ambani lauds Bengal’s ‘inclusive, sustainable development model’

Firstpost  

Chairman and Managing Director of Reliance Industries Mukesh Ambani on Wednesday said that now is the “best time to invest” in West Bengal, presenting his ambitious vision for the state, driven by Artificial Intelligence Chairman and Managing Director of Reliance Industries Mukesh Ambani on Wednesday said that now is the “best time to invest” in West Bengal, presenting his ambitious …

Mukesh Ambani announces fresh investment of ₹50,000 crore in West Bengal by 2030
1 month, 3 weeks ago

Mukesh Ambani announces fresh investment of ₹50,000 crore in West Bengal by 2030

Live Mint  

Reliance Industries Chairman Mukesh Ambani on February 5 announced a fresh investment commitment of ₹50,000 crore in West Bengal by the end of this decade, reported PTI. Speaking at the 8th Bengal Global Business Summit 2025, Ambani said the investment would generate one lakh jobs in the state. Speaking at the summit, Reliance Industries Chairman Mukesh Ambani said, as quoted …

Mukesh Ambani-led Reliance Industries achieves market cap of ₹20 lakh crore
1 year, 1 month ago

Mukesh Ambani-led Reliance Industries achieves market cap of ₹20 lakh crore

Hindustan Times  

Mukesh Ambani-led Reliance Industries Limited became the first Indian company to achieve a market capitalisation of ₹20 lakh crore. Mukesh Ambani, chairman of Reliance Industries Limited, The market valuation of the company surged to ₹20,01,279.72 crore during the intra-day session and at close, the market capitalisation stood at ₹19,81,635.72 crore. On the NSE, shares of Reliance Industries rose nearly 1.89 …

India is fastest-growing major economy: Murmu
1 year, 1 month ago

India is fastest-growing major economy: Murmu

The Hindu  

President Droupadi Murmu, in her maiden address to MPs of both the Houses from the new Parliament building on Wednesday, listed the achievements of the Prime Minister Narendra Modi-led government in the last ten years. Ms. Murmu said that for her government the vision of developed India is not limited to economic prosperity alone, and equal importance is being given …

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%
1 year, 2 months ago

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%

Live Mint  

Mukesh Ambani is once again a centibillionaire. The richest person in India — and in Asia — saw his wealth climb $2.8 billion to $101.8 billion Thursday, as shares of his flagship, Reliance Industries Ltd., rose 2.6% to close at a record high. The listing last year of Reliance’s financial services unit, Jio Financial Services Ltd., helped to broaden the …

'Reliance Industries will invest additional Rs 20,000 cr in West Bengal in three years', says Mukesh Ambani
1 year, 4 months ago

'Reliance Industries will invest additional Rs 20,000 cr in West Bengal in three years', says Mukesh Ambani

India TV News  

Reliance Industries chairman and MD Mukesh Ambani has announced that an additional Rs 20,000 crore will be invested in West Bengal in the next three years. "We plan to invest an additional Rs 20,000 crore in Bengal in the next three years for enhancing digital life solutions, augmenting Reliance Retail footprint and on bio-energy," he said at the Bengal Global …

Mukesh Ambani reclaims top spot on Forbes India rich list
1 year, 5 months ago

Mukesh Ambani reclaims top spot on Forbes India rich list

India TV News  

Forbes India rich list: Mukesh Ambani has reclaimed the number 1 position on the 2023 Forbes list of India’s 100 Richest in a dramatic shift in the pecking order at the top. However, that jump, tempered by a weaker rupee, was not reflected in the collective net worth of India’s 100 Richest, which flatlined at $799 billion. The fortune of …

RIL AGM 2023: Mukesh Ambani lists 5 goals that will fulfil dreams of 1.4 billion Indians
1 year, 7 months ago

RIL AGM 2023: Mukesh Ambani lists 5 goals that will fulfil dreams of 1.4 billion Indians

Firstpost  

At the 46th RIL AGM, Mukesh Ambani called the new Reliance ‘a new-age technology company. Today, we are a producer, deployer and democratiser of technology’ Mukesh Ambani, Chairman and Managing Director of Reliance Industries, on Monday listed out five goals that will fulfil the dreams of all 1.4 billion Indian. Speaking about his futuristic plans at the Reliance Industries Limited’s …

Reliance seeks to extend Mukesh Ambani's term as chairman for 5 more years
1 year, 7 months ago

Reliance seeks to extend Mukesh Ambani's term as chairman for 5 more years

India TV News  

Reliance Industries Ltd has sought shareholders' nod to give Mukesh Ambani another five years as the Chairman and Managing Director of the company extending his tenure until 2029. Reliance sought nod of shareholders In the special resolution posted to shareholders, Reliance said its Board of Directors on July 21, 2023, approved "re-appointed Mukesh D. Ambani as Managing Director, for a …

Reliance to invest ₹75,000 crore in Uttar Pradesh in 4 years: Mukesh Ambani
2 years, 1 month ago

Reliance to invest ₹75,000 crore in Uttar Pradesh in 4 years: Mukesh Ambani

The Hindu  

Reliance Industries Ltd will invest ₹75,000 crore in rolling out 5G mobile telephone services, expanding retail network and setting up renewable energy capacity in Uttar Pradesh in the next four years, its chairman Mukesh Ambani said on February 10. Speaking at the Uttar Pradesh Global Investors Summit 2023 here, Mr. Ambani said his group will set up 10 GigaWatts of …

Jio to complete 5G rollout across UP by Dec: Mukesh Ambani at investors' summit
2 years, 1 month ago

Jio to complete 5G rollout across UP by Dec: Mukesh Ambani at investors' summit

Hindustan Times  

Reliance Industries Limited managing director Mukesh Ambani on Friday announced Jio will complete its rollout of G to cover every town and village in Uttar Pradesh in 10 months -- by December 2023. Reliance Retail will revolutionise thousands of kiranas in the state," Ambani said enumerating Reliance's commitment to Uttar Pradesh at the Global Investors' Summit 2023 in Lucknow. Reliance …

After telecom and retail, what is Mukesh Ambani’s next big plan?
2 years, 2 months ago

After telecom and retail, what is Mukesh Ambani’s next big plan?

Live Mint  

Mukesh Ambani, the billionaire chairman of Reliance Industries Ltd., will be focusing his attention on the Indian conglomerate’s pivot to green energy, according to people familiar with the matter, after putting his children in charge of other businesses. Asia’s second-richest man is known for his single-minded focus on key pursuits: In the 1990s he lived for months in shipping containers …

‘$40 trillion economy by 2047’: Mukesh Ambani says India a ‘shining spot’
2 years, 3 months ago

‘$40 trillion economy by 2047’: Mukesh Ambani says India a ‘shining spot’

Hindustan Times  

India can become a $40 trillion economy by 2047 when it will mark the centenary of independence, Reliance Industries' chairman Mukesh Ambani said at his father Dhirubhai Ambani's birth anniversary, also celebrated as Reliance Family Day. Mukesh Ambani speaking at Dhirubhai Ambani's birth anniversary, also celebrated as Reliance Family Day. Read| Ambani's ‘target setup’ for his 3 children in succession …

Mukesh Ambani completes 20 years at helm of Reliance
2 years, 3 months ago

Mukesh Ambani completes 20 years at helm of Reliance

The Hindu  

Mukesh Ambani, who took over the reins of Reliance Industries Ltd after the sudden demise of his legendary industrialist father Dhirubhai Ambani, completes 20 years at the helm during which the company saw a 17-fold jump in revenues, 20-times surge in profit and has become a global conglomerate. In 20 years that Stanford University-drop out Mr. Mukesh, 65, has been …

With Mukesh Ambani as chairman for 20 yrs, Reliance....
2 years, 3 months ago

With Mukesh Ambani as chairman for 20 yrs, Reliance....

Hindustan Times  

Reliance Industries Chairman and Managing Director Mukesh Ambani has completed two decades at the helm of Reliance Industries in 2022. Among the several achievements, RIL's market capitalisation grew at an annualised rate of 20.6 per cent in the last 20 years from ₹41,989 crore in March 2002 to ₹17,81,841 crore in March 2022. Reliance's total assets grew at an annualised …

Reliance AGM 2022 Highlights: Jio 5G In Mumbai, Delhi, Kolkata, Other Metros by Diwali; RIL to Set Up New Gigafactory in Power Electronics
2 years, 6 months ago

Reliance AGM 2022 Highlights: Jio 5G In Mumbai, Delhi, Kolkata, Other Metros by Diwali; RIL to Set Up New Gigafactory in Power Electronics

News 18  

RIL AGM 2022 LIVE Updates: Jiomart on WhatsApp to Revolutionise Business, says Reliance The JioMart on WhatsApp experience will revolutionize the way millions of businesses across the country connect with their consumers while bringing unparalleled simplicity and convenience to people’s shopping experience, said Reliance in a press release RIL 45th AGM Live Updates: Mukesh Ambani Sets Big Target Mukesh Ambani: …

Mukesh Ambani Draws No Salary In 2021-22, 2nd Such Year In A Row
2 years, 7 months ago

Mukesh Ambani Draws No Salary In 2021-22, 2nd Such Year In A Row

News 18  

Reliance Industries Ltd CMD Mukesh Ambani did not draw any salary from the company in the last financial year 2021-22, the second such year in a row. Earlier, Ambani has also his salary capped at Rs 15 crore since 2008-09, to set a personal example of moderation in managerial compensation levels. Ambani has kept salary, perquisites, allowances and commission together …

Mukesh Ambani’s Reliance Industries will hold AGM on August 29: Check details
2 years, 7 months ago

Mukesh Ambani’s Reliance Industries will hold AGM on August 29: Check details

Live Mint  

The 44th Annual General Meeting of Reliance Industries will take place on August 29, 2022. Billionaire Mukesh Ambani's RIL announced a 46% increase in net profit for the June quarter in July, thanks to record oil refining earnings as well as booming telecom and retail operations. According to a statement from the company, the oil, retail, and telecom conglomerate's consolidated …

20 to 30 Companies in Energy, Tech Space to Grow as Big as Reliance in 10-20 Years: Mukesh Ambani
3 years, 1 month ago

20 to 30 Companies in Energy, Tech Space to Grow as Big as Reliance in 10-20 Years: Mukesh Ambani

News 18  

Mukesh Ambani, chairman and managing director of Reliance Industries Limited, batted for young entrepreneurs to make India a superpower in green energy. Ambani predicted that there will be 20 to 30 new Indian companies in the energy and tech space that will grow as big as Reliance, if not bigger, in the next 10-20 years. Similarly, India’s clean and green …

How Mukesh Ambani is assembling three wealth machines for a seamless succession
3 years, 2 months ago

How Mukesh Ambani is assembling three wealth machines for a seamless succession

Live Mint  

Asia’s richest man has promised to accelerate what he claims will be a “momentous leadership transition” to the next generation. Just as steady cash flows from refining made it possible for Reliance to incubate India’s leading telecom from scratch, profits from digital businesses and retail may allow the next generation of leaders to replace hydrocarbons — the Ambani family’s traditional …

Mukesh Ambani not relocating to London: Reliance
3 years, 4 months ago

Mukesh Ambani not relocating to London: Reliance

India TV News  

Mukesh Ambani not relocating to London: Reliance Post Reliance acquiring the London property for Rs 592 crore, Ambani and his family's visit abroad have been linked to them making Stoke Park their second home. Reliance Industries Limited on Friday dismissed all 'baseless' rumors claiming that the Ambani family are likely to move to London, following their acquisition of Stoke Park …

India can be at par with US and China by 2047, says Mukesh Ambani
3 years, 8 months ago

India can be at par with US and China by 2047, says Mukesh Ambani

India TV News  

Three decades of economic reforms in India have benefited citizens unevenly and there is a need for the "Indian model" of development to focus on creating wealth at the bottom of the pyramid, the richest Indian Mukesh Ambani said exuding confidence that the country can be at par with the US and China by 2047. Writing a rare column on …

RIL AGM: ’Jio is not just working to make India 2G-mukt, but also 5G-yukt’, says Mukesh Ambani
3 years, 9 months ago

RIL AGM: ’Jio is not just working to make India 2G-mukt, but also 5G-yukt’, says Mukesh Ambani

Live Mint  

Reliance Industries' Chairman Mukesh Ambani made major announcements at the company's 44th Annual General Meeting today. I am confident that Reliance Retail is on a hyper growth trajectory to grow at least 3x in the next 3-5 years: Mukesh Ambani -Talking about Reliance Retail, Ambani says that the company added 1,500 new stores, which is amongst the largest retail expansion …

Asia’s richest man Mukesh Ambani unveils $10bn green energy push
3 years, 9 months ago

Asia’s richest man Mukesh Ambani unveils $10bn green energy push

Al Jazeera  

Indian tycoon Mukesh Ambani unveiled an ambitious push into clean energy involving 750 billion rupees of investment over three years, marking a new pivot for one of the world’s biggest fossil-fuel billionaires. “There is an apprehension that the new initiatives, especially green energy projects, will require high gestation period and may also result in fresh debt for the capex plans,” …

Reliance Continued Its Growth Plans Despite Covid, Now Has Strong Balance Sheets: Mukesh Ambani
3 years, 9 months ago

Reliance Continued Its Growth Plans Despite Covid, Now Has Strong Balance Sheets: Mukesh Ambani

News 18  

Reliance Industries Chairman Mukesh Ambani said India would emerge stronger from the Covid-19 pandemic with the help of collective efforts from all sectors. In the company’s latest annual report released on Wednesday, he said the company sold minority stakes in Jio Platforms – the unit that houses its telecom and digital business – and retail arm for almost Rs 2 …

After record fund raising, Mukesh Ambani says Reliance now has strong balance sheet to support growth
3 years, 9 months ago

After record fund raising, Mukesh Ambani says Reliance now has strong balance sheet to support growth

India TV News  

After record fund raising, Reliance Industries Ltd now has a strong balance sheet with high liquidity that will support growth plans for its three hyper-growth engines, Jio, Retail and Oil-to-Chemicals, according to the firm's Chairman and Managing Director Mukesh Ambani. In the company's latest annual report released on Wednesday, he said the company sold minority stakes in Jio Platforms -- …

Indian billionaire Mukesh Ambani may hold the winning ticket in tech and Silicon Valley knows it
4 years, 2 months ago

Indian billionaire Mukesh Ambani may hold the winning ticket in tech and Silicon Valley knows it

CNN  

Mukesh Ambani has spent years trying to turn hisinherited oil businessinto a tech empire. He’s doing that with JioMart, an initiative announced in 2019 to bring online thousands of India’s mom-and-pop stores known as “kiranas.” And Reliance Retail recently acquired one of its biggest Indian rivals, Future Retail, for $3.3 billion — a deal that has kicked off a protracted …

Mark Zuckerberg, Mukesh Ambani discuss WhatsApp-Jio impact, future of tech in India: Read full transcript
4 years, 3 months ago

Mark Zuckerberg, Mukesh Ambani discuss WhatsApp-Jio impact, future of tech in India: Read full transcript

Firstpost  

RIL chairman Mukesh Ambani says that the next few decades will be historic in India’s digital transformation. At the Day 1 of Fuel for India 2020 event today, Facebook CEO Mark Zuckerberg spoke to RIL chairman Mukesh Ambani about the explosive access to mobile data in the country, Facebook-Jio platforms investments, and the future of technology in India. #FuelForIndia2020 @Facebook …

India will grow to be among top 3 economies in two decades: Mukesh Ambani
4 years, 3 months ago

India will grow to be among top 3 economies in two decades: Mukesh Ambani

India TV News  

Richest Indian Mukesh Ambani on Tuesday said India will grow to be among the top three economies in the world in the next two decades and per capita income would more than double. At a fireside chat with Facebook head Mark Zuckerberg, he said India's middle-class, which is about 50 per cent of the nation's total number of households, will …

Mukesh Ambani earned ₹90 cr every hour since lockdown, tops Hurun India Rich list 2020 for 9th year
4 years, 6 months ago

Mukesh Ambani earned ₹90 cr every hour since lockdown, tops Hurun India Rich list 2020 for 9th year

Live Mint  

India's richest man Mukesh Ambani, who surged past Silicon Valley tech titan Elon Musk and Alphabet co-founders Sergey Brin and Larry Page to become the world's fourth-richest person, has earned ₹90 crore every hour since the March lockdown this year, according to IIFL Wealth Hurun India Rich List 2020. Mukesh Ambani’s personal wealth rose by ₹2,77,700 crore to ₹6,58,400 crore …

Mukesh Ambani becomes the 5th richest man in the world
4 years, 8 months ago

Mukesh Ambani becomes the 5th richest man in the world

Op India  

Reliance Industries chairperson Mukesh Ambani has become the fifth richest man in the world with a net worth of Rs 5.702 lakh crore, according to Forbes. With the shares of the oil-to-telecom conglomerate Reliance Industries hit an all-time high of Rs 2,010 per share on July 22, billionaire Mukesh Ambani added $2.9 billion to his net worth in a single …

After $20 billion Jio frenzy, Mukesh Ambani seeks money for retail
4 years, 8 months ago

After $20 billion Jio frenzy, Mukesh Ambani seeks money for retail

Live Mint  

After raising more than $20 billion for his digital venture in three months, billionaire Mukesh Ambani is readying his retail unit for global partners, as his oil-to-petrochemicals conglomerate turns to India’s billion-plus consumers for growth. Asia’s richest man and the chairman of Reliance Industries Ltd. told shareholders Wednesday that Reliance Retail Ltd. is getting inquiries from investors and may start …

With Jio, Google and Facebook, Mukesh Ambani plots a tech future
4 years, 8 months ago

With Jio, Google and Facebook, Mukesh Ambani plots a tech future

Live Mint  

After securing more than $20 billion in investment from the likes of Google and Facebook Inc., Indian billionaire Mukesh Ambani laid out a vision for his digital venture as he seeks to build a homegrown technology titan that could rival global giants. Outlining plans for Jio Platforms Ltd. at the annual shareholders meeting of his conglomerate Reliance Industries Ltd. on …

Mukesh Ambani keeps salary capped at Rs 15 crore in FY20; forgoes remuneration from current year
4 years, 9 months ago

Mukesh Ambani keeps salary capped at Rs 15 crore in FY20; forgoes remuneration from current year

India TV News  

Richest Indian Mukesh Ambani kept his annual salary from his flagship firm Reliance Industries capped at Rs 15 crore for 12th year on the trot in the fiscal ended March 31 and has decided to forego the entire remuneration from the current year in view of the COVID-19 pandemic. Ambani's remuneration for 2019-20 included Rs 4.36 crore as salary and …

Now General Atlantic invests in Jio, Here is how Mukesh Ambani is charting RIL's zero-debt journey
4 years, 10 months ago

Now General Atlantic invests in Jio, Here is how Mukesh Ambani is charting RIL's zero-debt journey

India Today  

Reliance Industries Limited boss Mukesh Ambani has been a busy man ever since he announced plans to make RIL a “zero-debt” company by March 2021. Besides that, the mega Rs 53,125 crore rights issue is also part of the plan to make RIL a zero-debt company by the deadline. It may be noted that this is India’s first rights issue …

Mukesh Ambani aims to turn Reliance into zero net debt firm by Dec, ahead of target
4 years, 10 months ago

Mukesh Ambani aims to turn Reliance into zero net debt firm by Dec, ahead of target

India TV News  

Billionaire Mukesh Ambani has accelerated the timeframe for wiping out Rs 1.61 lakh crore of net debt at his Reliance Industries by bringing in strategic investors in key businesses as well as committing more equity. In an investor and media call post announcement of the company's fourth-quarter earnings, RIL's Joint Chief Financial Officer Srikanth Venkatachari said, "The zero net debt …

Reliance Chairman Mukesh Ambani to forego entire salary
4 years, 10 months ago

Reliance Chairman Mukesh Ambani to forego entire salary

India TV News  

Mukesh Ambani, chairman of the Reliance Industries, has decided to forego all his remuneration. According to an employee communique quoted by news agency PTI, the company has also deferred annual cash bonus and performance-linked incentives that are normally paid in the first quarter. The report said Ambani will forgo his entire Rs 15 crore compensation. Reliance board of directors including …

Mukesh Ambani loses Asia’s richest crown to Jack Ma
5 years ago

Mukesh Ambani loses Asia’s richest crown to Jack Ma

Live Mint  

Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks. That raises questions about whether Ambani’s flagship Reliance Industries Ltd. will be able to cut net debt to zero by early 2021, as he has pledged. Wildcatter Harold Hamm’s fortune was cut almost in half …

Mukesh Ambani’s plans to make Reliance Industries debt-free hit snags
5 years, 1 month ago

Mukesh Ambani’s plans to make Reliance Industries debt-free hit snags

Live Mint  

Six months after Mukesh Ambani laid out a road map to make Reliance Industries Ltd. free of net debt by early 2021, his plan has hit a few bumps thanks to the government. Prime Minister Narendra Modi’s administration has petitioned a court to halt a proposed stake sale by Reliance Industries to Saudi Arabian Oil Co., threatening a key source …

IMF chief says slowdown in Indian economy is temporary
5 years, 2 months ago

IMF chief says slowdown in Indian economy is temporary

Op India  

IMF chief Kristalina Georgieva on Friday said that growth slowdown in India appears to be temporary and she expects the momentum to improve going ahead. Speaking at the World Economic Forum 2020 at Davos, she said the world appears a better place in January 2020 compared to what it was when IMF announced its World Economic Outlook in October 2019. …

India braces for shock GDP as Modi scrambles to spur economy
5 years, 4 months ago

India braces for shock GDP as Modi scrambles to spur economy

Live Mint  

New Delhi: Explore what’s moving the global economy in the new season of the Stephanomics podcast. “Domestic demand is displaying chronic weakness, with an apparent credit crunch afflicting wide swaths of the economy,” said Taimur Baig, chief economist at DBS Group Holdings Ltd. in Singapore. “Production and sales are under pressure, and public spending is running out of room due …

Slowdown in Indian economy temporary, says RIL chief Mukesh Ambani
5 years, 4 months ago

Slowdown in Indian economy temporary, says RIL chief Mukesh Ambani

Op India  

Reliance Industries chairman Mukesh Ambani on Tuesday said the slowdown in the Indian economy is temporary and the recent measures taken by the government will help reverse the trend in the coming quarters. Speaking at Saudi Arabia’s annual investment forum, also known as ‘Davos in the desert’, the billionaire expressed confidence that the string of reforms which has been introduced …

Mukesh Ambani says slowdown in India temporary, reforms taken by Modi govt to reverse trend
5 years, 4 months ago

Mukesh Ambani says slowdown in India temporary, reforms taken by Modi govt to reverse trend

India Today  

Billionaire Mukesh Ambani on Tuesday said the slowdown in the Indian economy is temporary and the recent measures taken by the government will help reverse the trend in the coming quarters. Speaking at Saudi Arabia's annual investment forum, also known as 'Davos in the desert', he said the reforms undertaken by Prime Minister Narendra Modi's government since August will bear …

Mukesh Ambani's Reliance Industries creates history, hits ₹ 9 lakh crore m-cap
5 years, 5 months ago

Mukesh Ambani's Reliance Industries creates history, hits ₹ 9 lakh crore m-cap

India TV News  

Billionaire Mukesh Ambani's Reliance Industries on Friday added another feather to its cap and became the first Indian firm to hit the Rs 9 lakh crore market valuation mark. Meanwhile, on the National Stock Exchange, Reliance Industries shares jumped up by 2.25 per cent to Rs. In August 2018, RIL became the first domestic firm to cross the Rs 8 …

Indian economy structurally, fundamentally strong: MoS Finance Anurag Thakur
5 years, 5 months ago

Indian economy structurally, fundamentally strong: MoS Finance Anurag Thakur

Live Mint  

Indian economy is structurally and fundamentally very strong and the current slowdown, which is cyclical in nature, would not affect it much, Minister of State for Finance Anurag Thakur said on Monday. Thakur further said Narendra Modi-led government has taken several steps to boost the Indian economy. "The cyclical effect which you could see today will not impact Indian economy …

Why Reliance Industries has stopped bingeing on debt
5 years, 6 months ago

Why Reliance Industries has stopped bingeing on debt

Live Mint  

Mumbai: "Blessed are the young, for they shall inherit the national debt,” former US president Herbert Hoover famously said during the Great Depression, at a time when the US national debt stood at about $35 billion. “We have a very clear road map to becoming a zero-net-debt company within the next 18 months, that is by 31 March 2021,” Ambani …

RIL AGM 2019: Mukesh Ambani’s promise of zero net-debt firm in next 18 months is music to ears of shareholders
5 years, 7 months ago

RIL AGM 2019: Mukesh Ambani’s promise of zero net-debt firm in next 18 months is music to ears of shareholders

Firstpost  

Going by Ambani’s speech at the AGM, RIL already has received strong interests for the stake buy in Reliance Jio and Reliance Retail which will help the firm generate fresh cash flow. This included standalone gross debt of Rs 1,61,720 crore and balance in key subsidiaries, including Reliance Jio, Reliance Holding USA, Reliance Retail Group, Independent Media Trust Group, Hathway …

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