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The Latest Breaking News from Mukesh Ambani

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,…

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

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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

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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.

The Economic Times

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

Read the first part of this series here.

Newslaundry

Investors are watching Jio but Mukesh Ambani-led RIL’s Q1 surprise may come from refining

Reliance Industries' upcoming first-quarter earnings may depend on refining gains. Jio's steady expansion is expected to provide a stable growth engine for the company. Refining margins surged dramatically, raising expectations for the oil-to-chemicals business. However, planned refinery shutdowns could impact the full benefit of margin upswings. Investors will focus on…

The Economic Times

View: Meta's cloud play will spice up Ambani-Adani rivalry

Meta Platforms is leasing its excess AI compute capacity to enterprise clients. This move will reshape the rivalry between Indian tycoons Mukesh Ambani and Gautam Adani. Ambani's Reliance and Meta are partnering on a large data center project. This alliance addresses data sovereignty concerns for Indian businesses. It allows local…

The Economic Times

Why Aamir Khan Chose a Simple Wedding This Time

After months of speculation and quiet appearances together, Aamir Khan has officially begun a new chapter in his life. The Bollywood superstar married longtime partner Gauri Spratt in an intimate ceremony surrounded by family and close friends. There were no extravagant celebrations or grand public events just a simple wedding…

MyLifeXP

Reliance market value now equals India's top five IT companies combined

A sharp selloff in Indian IT stocks has reduced the combined market capitalisation of the top five IT firms to nearly match Reliance Industries at around ₹18 lakh crore. AI disruption fears, weak technology spending and macro uncertainty continue to pressure the sector.

The Economic Times

Mukesh Ambani, Sunil Mittal named founding members of ITU-backed AI commission

Mukesh Ambani and Sunil Bharti Mittal have been appointed as founding members of the UN's AI for Good Global Commission. This influential body, co-chaired by Rwanda's President Paul Kagame and Salesforce CEO Marc Benioff, aims to foster trust, expand access, and leverage AI for global challenges. The commission will hold…

The Economic Times

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The Economic Times

India’s space industry hunts for its SpaceX moment

India's private space sector is rapidly advancing, with a space unicorn poised for launch and startups developing cutting-edge satellites. Prime Minister Modi's initiative to open the industry is fostering innovation, attracting significant funding, and even drawing interest from billionaires like Mukesh Ambani. Despite challenges, the momentum is strong, with companies…

The Economic Times

How Ambani built Project Jupiter to launch India’s biggest IPO

Reliance quietly executed Project Jupiter to prepare Jio’s IPO while managing regulatory changes, investor alignment and strict secrecy. The plan evolved from an offer-for-sale to a primary issue, enabling funds to remain with the company and positioning Jio for India’s biggest stock market listing.

The Economic Times

Sebi rejects Anil Ambani's settlement request over Reliance Infrastructure

India's market regulator has rejected Anil Ambani's settlement bids concerning allegations of misusing nearly $700 million in company funds. The Securities and Exchange Board of India cited parallel investigations by other agencies, stating the transactions could be for personal enrichment. This marks the second settlement rejection for Ambani, with the…

The Economic Times

Beyond Jio IPO: 5 triggers Mukesh Ambani has lined up to revive Reliance shares for 44 lakh investors

Reliance Industries is charting a new course to boost its stock for 44 lakh investors, moving beyond a potential Jio IPO. Billionaire Mukesh Ambani has unveiled five key growth drivers, including revitalizing the O2C business, scaling up new energy ventures, building India's AI backbone, expanding FMCG operations to a Rs…

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The Economic Times

Jio and NSE mega IPOs will test jittery retail investors

India anticipates two massive IPOs: the National Stock Exchange and Mukesh Ambani's Jio Platforms. Local investor sentiment is crucial, especially after a sluggish market and a depreciating rupee. While both companies boast strong market positions, Jio's fresh capital raise contrasts with the NSE's offer-for-sale. The success of these listings hinges…

The Economic Times

Reliance 3.0: Mukesh Ambani is preparing for a brave post-Jio world

In a pivotal shift towards innovation, Reliance Industries unveils Reliance 3.0, moving away from its conventional oil and consumer business operations. The company is laying the groundwork for a robust infrastructure supporting artificial intelligence, data centers, and sustainable energy. This strategy reflects its prior success with Jio, indicating a forward-looking…

The Economic Times

Reliance Industries shares gain 3% as Jio files DRHP for India’s largest IPO

Reliance Industries share price rose 3% after Jio Platforms filed its DRHP for what could be India’s largest IPO. The issue will be entirely a fresh offer, with no OFS component. At the AGM, Mukesh Ambani outlined growth plans across AI, new energy, O2C operations, and retail expansion.

The Economic Times

Jio IPO: Meta, Google among 10 global investors that backed billionaire Mukesh Ambani’s digital giant

While Reliance Industries remains firmly in control with a 66.43% stake, the shareholder register reads like a who's who of global technology, private equity and sovereign wealth investors, including Meta, Google, Saudi Arabia's Public Investment Fund, KKR, Vista Equity Partners, Mubadala, General Atlantic, ADIA and TPG.

The Economic Times

Jio IPO: Spectrum acquisition, among 7 risks investors need to know about India’s largest offer

The IPO comes at a time when Jio's operating performance remains robust. For the March quarter of FY26, the telecom giant reported a 13% year-on-year increase in operating revenue to Rs 44,928 crore, while net profit rose 13% to Rs 7,935 crore. EBITDA grew 18%, aided by a 230 basis-point…

The Economic Times

Reliance’s AI ambitions & other key takeaways from its 2026 AGM

Reliance Industries is aggressively pursuing AI leadership in India, aiming to build sovereign infrastructure and develop AI solutions for the nation. The company announced plans for a significant Jio IPO, a rapid expansion of its quick commerce business, and the integration of AI across its network and media platforms.

The Economic Times

Jio revs up IPO engine; Accenture shock sinks IT

Jio Platforms has kicked off its IPO process with the filing of its draft papers with Sebi. This and more in today's ETtech Top 5.

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