The Latest Breaking News from Akash Ambani

Billionaire Mukesh Ambani launches India’s biggest-ever IPO

Low-cost broadband provider Jio Platforms aims for £81bn valuation when it floats on the stock market on Wednesday

The Guardian - UK · 5h ago

Akash Ambani charts Jio’s next phase of growth with satellites, 6G and AI

Akash Ambani outlined Jio Platforms' future focus on satellite communications, pre-6G patents, and AI integration. The company is developing an indigenous satellite communications stack aimed at expanding home broadband services. Ambani revealed Jio's patent strategy aligns with India's goal of 10% global 6G patents originating domestically. Jio's AI initiatives seek…

The Economic Times · 10h ago

From 100 million users in 170 days to an IPO, a decade of Jio Platforms

Jio Platforms is on the brink of its initial public offering, an important step in its evolution. Since its inception in 2016, the company has gained over 524 million customers and achieved impressive profitability. With significant investments from leading global players in recent years and a vast portfolio of patents,…

The Economic Times · Oct 19

‘Dad, the internet at home is too slow’: How Jio’s founding idea took shape

Isha Ambani's concerns regarding poor household internet sparked important conversations about India's digital landscape, leading to transformative innovations. In response, Mukesh Ambani pioneered Reliance Jio in 2011, aiming to enhance mobile connectivity across the nation. Its launch in September 2016 revolutionized the telecom sector by offering affordable data and complimentary…

The Economic Times · Oct 17

IPL 2027: Mahela Jayawardene steps down as Mumbai Indians head coach

Mahela Jayawardene has resigned from his position as head coach of Mumbai Indians after ten years. He led the team to three IPL titles and served in various roles since 2017. Jayawardene expressed gratitude towards Nita Ambani and Akash Ambani for their support throughout his journey. Under his leadership, Mumbai…

The Economic Times · Oct 17

What Akash Ambani said on Jio tariff hikes ahead of record IPO launch

Akash Ambani said Jio can raise mobile tariffs but prefers growing revenue through digital services, broadband and enterprise solutions. Ahead of its Rs 30,213 crore IPO, Jio aims to expand margins and connect 100 million homes.

The Economic Times · Oct 15

Jio IPO: Akash Ambani says Rs 30,213 crore issue will push company towards net debt-free status

Jio Platforms plans to use IPO proceeds of up to Rs 27,500 crore to repay borrowings and move towards net debt-free status. Akash Ambani also highlighted opportunities in India's projected $1.4 trillion digital economy by FY31.

The Economic Times · Oct 15

How Akash, Isha Ambani’s missed college assignment led to the creation of Rs 10 lakh crore Jio

A failed college assignment by Isha Ambani helped spark the idea for Jio, which is now preparing for a Rs 30,213 crore IPO at a valuation of around Rs 10.3 lakh crore. Akash Ambani said the proceeds would go towards debt reduction, as Reliance seeks to unlock value from its…

The Economic Times · Oct 15

Jio partnership helps Google’s Gemini add 13 million paid subscribers in India, Akash Ambani says

Akash Ambani said Reliance Jio’s partnership with Google on Gemini goes beyond distribution to create new markets, drawing a parallel with Jio’s approach to data. Speaking at Jio’s IPO press conference on Thursday, he said the collaboration had resulted in Gemini adding 13 million new subscribers to its paid service.

The Economic Times · Oct 15

Reliance Jio IPO: With tech muscle, Akash Ambani makes $1.4 trillion digital economy pitch to investors

Akash Ambani is positioning Jio Platforms to capture a significant share of India’s projected $1.4 trillion digital economy by FY31. Ahead of its Rs 30,213 crore IPO, he highlighted 7,200 patents, 5G leadership and technology partnerships.

The Economic Times · Oct 15