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The Latest Breaking News from Mukesh Ambani

Reliance Industries shares gain as govt slashes windfall tax on fuel exports; stock down 21% in 2026 so far

Reliance Industries shares saw a gain following the government's reduction in windfall taxes on fuel exports. The duty on diesel and petrol exports has been significantly lowered as part of a routine review. This move benefits Reliance Industries, a major exporter of aviation turbine fuel and diesel. The company is…

The Economic Times

TikTok founder Zhang Yiming overtakes Gautam Adani as Asia’s richest

ByteDance founder Zhang Yiming now leads Asia's wealthiest individuals. His fortune has surpassed Gautam Adani's due to the booming artificial intelligence sector. Zhang's wealth has significantly increased, driven by ByteDance's AI ventures and TikTok's global reach. This rise highlights the growing influence of AI-driven companies over traditional industries. China's continued…

The Economic Times

Suvendu Adhikari eyes Ambani meeting, BRICS dinner as West Bengal steps up investment push

West Bengal Chief Minister Suvendu Adhikari will attend a BRICS Summit dinner and meet Mukesh Ambani. He will also inaugurate the Adani Group's new hospital project near Kolkata. The state government is actively seeking major corporate investments for development. A defence project at Junput is also being pursued by the…

The Economic Times

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Ambani calls upon India Inc to collectively launch ecosystem that supports working women

Mukesh Ambani, at the Hindi launch of Arundhati Bhattacharya's memoir "Indomitable," called on corporate India to build a stronger support ecosystem for working women and mothers, pledging Reliance Foundation's full participation and asking Bhattacharya to lead the initiative. He said India is moving from "women's development to women-led development," describing…

The Economic Times

Bangladesh says two stolen lemurs may have been taken to billionaire’s private zoo in India

Dhaka is seeking Interpol’s help to repatriate the animals

The Independent UK

Jio IPO: Co set to begin investor outreach later this week, say sources

Jio Platforms is preparing for its massive initial public offering after receiving Sebi approval. Investor outreach will commence this week across key global financial centers. The company plans to issue fresh equity shares to raise substantial capital. Proceeds will primarily be used to repay outstanding borrowings of its subsidiary. This…

The Economic Times

After 10 years of India feat, Jio sets its sights on global market

Jio has set its sights on global expansion through technology crafted in India. By laying a solid groundwork for Digital India and hastening the adoption of 5G, Jio has emerged as a leading data operator, linking countless homes and businesses. Founded with the mission of making digital connectivity affordable for…

The Economic Times

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Jio IPO: Ambani’s tech titan listing story isn’t yet credible: View

Mukesh Ambani is pitching Jio Platforms as more than a telecom company ahead of its IPO, highlighting thousands of patents, AI and proprietary technology. But questions remain over the commercial value of its intellectual property and whether its technology ambitions justify a potential $120-140 billion valuation.

The Economic Times

Reliance shares are down 17% despite soaring refining margins. What the market is missing

Despite strong refining and petrochemical margins, Reliance shares have experienced a dip as the market focuses on long-term growth potential. Investors are keenly anticipating signs of recovery in Reliance Retail and progress in New Energy initiatives. A significant concern remains the company's capability to generate free cash flow, with analysts…

The Economic Times

Ambani uses ₹10 power again for the next disruption in a hot Indian market

Reliance Consumer Products has entered India’s ice-cream market with Bombay Creamery, pricing cups, cones and sticks from ₹10. The brand is initially rolling out across western India before a planned nationwide expansion, bringing RIL’s low-price, high-distribution strategy to another consumer category.

The Economic Times

Subhash Chandra drops mention of Mukesh Ambani allegations, shifts focus to settling Essel debt

Subhash Chandra Rs 22,006 crore case: Zee founder Subhash Chandra has shifted focus from Ambani allegations. He is now addressing outstanding dues and defending his personal insolvency plan. Borrowers linked to his Essel Group have agreed to settle their obligations. Chandra stated he acted as a guarantor for these borrowing…

The Economic Times

Subhash Chandra takes on Mukesh Ambani, accuses TV18 of ‘misinformation’

Two days after the National Company Law Tribunal approved a repayment plan under which creditors will receive around Rs 6.5 crore against admitted claims of Rs 22,006.57 crore in his insolvency proceedings, Zee founder Subhash Chandra has directly accused Reliance Industries chairman Mukesh Ambani and his media network TV18 of…

Newslaundry

Jio IPO soon! RIL's telecom arm gets Sebi nod for Rs 37,700 crore offering

Jio Platforms has received Sebi approval for its proposed Rs 37,700 crore IPO, bringing Reliance Industries’ much-awaited listing closer. The issue could value Jio at nearly Rs 9.5 trillion and become India’s largest IPO. The company plans to use Rs 27,500 crore of proceeds to repay borrowings of Reliance Jio…

The Economic Times

Teen Has Spent The Last 5 Years Inside A Pond, Doctors Left Stunned By His Mysterious Condition

Recently, a teen has gone viral after videos of him surfaced living in a pond. Much to everyone’s shock, he has stayed there for the last 5 years because of a mysterious condition. The moment he steps out of the water and his skin dries, the 16-year-old experiences an intense…

Bored Panda

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The Economic Times

Ambani's Rs 2.7 lakh cr underground bet can save India from shocks

Reliance Industries has proposed a Rs 2.73 lakh crore, 30-year investment to develop an underground coal gasification complex in Andhra Pradesh. The project could convert deep coal into syngas for hydrogen, methanol, ammonia and synthetic natural gas, helping India reduce dependence on imported LNG and chemical feedstocks. However, commercial viability,…

The Economic Times

Jio Financial shares jump 3% as Bank of America set to acquire 50% stake in Jio Credit for Rs 18,268 crore

Jio Financial Services shares: Bank of America agreed to acquire up to 49.9% in its lending arm Jio Credit through a Rs 18,268 crore joint venture deal. The US bank will initially take 26.5%, with the stake potentially rising to 49.9% via warrants, subject to approvals. Jio Credit had an…

The Economic Times

Rs 104 lakh crore club: India's richest 3,040 now hold wealth equal to 30% of GDP

India’s 3,040 richest individuals hold Rs 104 lakh crore in wealth, nearly 30% of nominal GDP, highlighting growing wealth concentration. The latest report also shows rising participation from young entrepreneurs, women and first-generation founders alongside established business families.

The Economic Times

Cricket's return gives the Olympics its biggest growth opportunity in decades

Cricket's return to the Olympics at Los Angeles 2028 is driven as much by strategy as sport, with the IOC aiming to tap into India's vast audience and commercial power. Officials say the move will help the Games reach billions of new viewers, boost broadcasting revenues and attract younger fans,…

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The Economic Times

Mukesh Ambani’s long game: How Reliance could turn a 3-year spending spree into Rs 90,000 crore of free cash flow

Reliance Industries could generate nearly Rs 90,000 crore in cumulative free cash flow over FY26-FY28 as its heavy investment cycle eases, brokerages say. Stronger earnings from energy and Jio, coupled with moderating capex, may reduce leverage and mark the beginning of a sustained cash flow and earnings upcycle.

The Economic Times

Reliance Industries share price target: What are brokerages saying after Q1 results?

Reliance Industries shares gained after the conglomerate reported better-than-expected June quarter earnings, driven by robust growth across its energy, digital and refining businesses. Brokerages remained bullish on the stock, with several reiterating Buy ratings and raising target prices, citing strong operational performance, improving refining margins and long-term growth prospects across…

The Economic Times

RIL Q1 Takeaways: What Mukesh Ambani said on Jio IPO and how Reliance Consumer doubled revenue

Reliance Industries highlighted strong consumer business momentum in Q1 FY27, with Jio Platforms advancing towards its IPO and Reliance Consumer more than doubling revenue. Campa and Independence drove growth, while Jio posted higher ARPU, subscriber additions and earnings, supporting long-term value creation.

The Economic Times

Less Gulf, more Russia: RIL diversifies crude sourcing amid market turmoil due to Iran war

Reliance Industries increased crude oil sourcing from Russia and Latin America. This strategic move reduced dependence on Arabian Gulf crudes during volatile markets. The company also completed planned turnarounds of key refining units. Global crude markets faced disruptions and supply chain issues. Brent crude prices averaged over one hundred dollars…

The Economic Times

RIL Q1 Results: Revenue up 25% YoY to Rs 3.11 lakh crore, profit beats Street estimates

RIL Q1 Results: Reliance Industries (RIL) Q1 results beat Street expectations as revenue surged 25% YoY to Rs 3.11 lakh crore, while EBITDA rose 10% to Rs 54,067 crore. Profit fell 22% to Rs 20,946 crore due to a high base from the Asian Paints stake sale. RIL Chairman and…

The Economic Times

Rs 9,000 crore bet! Reliance Industries promoters increase stake by 0.5% in June quarter

Reliance Industries’ promoters increased their stake to 50.48% in the June quarter through market purchases worth an estimated Rs 8,500–9,000 crore. The move signals confidence despite the stock’s weak performance, earnings misses and challenges across retail and oil-to-chemicals businesses.

Newslaundry

The Bollywood pracharaks who found their place in Modi’s orbit

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