Mukesh Ambani

Customer obsessed Jio to provide free services till march 2017: Mukesh Ambani

Customer obsessed Jio to provide free services till march 2017: Mukesh Ambani

New Delhi [India], Dec 1 : Stating that Jio has acquired 50 million subscribers in 85 days since its launch on September 5, Reliance Industries Limited chairman Mukesh Ambani today announced the plan to push this network a notch up with free voice, data and video for new and existing users under the Jio Happy New Year offer.

"We have introduced home delivery of Jio SIMs. Now, the customers can get their Jio SIM home-delivered and activated in five minutes through eKYC. And all customers can retain their existing number when they migrate to Jio," Ambani said while addressing his company's stakeholders in Mumbai.

"This is being progressively launched across India through MyJio and will be available in top 100 cities by 31 December, 2016," he added.

Top 5 richest Indians have half of nation's billionaire wealth

Mukesh-AmbaniNew Delhi: The top five Indian billionaires led by Reliance Industries Chairman Mukesh Ambani collectively control USD 85.5 billion (about Rs 5,23,897 crore) in personal wealth, accounting for nearly half of the country's total billionaire wealth, a new study said Wednesday.

According to the analysis by wealth research firm Wealth-X of India's richest individuals, Mukesh Ambani remains the richest man in the country with an estimated net worth of USD 24.4 billion (about Rs 1,49,474 crore).

Gas price hike: Mukesh Ambani says will win public trust

Mukesh-AmbaniMumbai: Facing criticism from certain political quarters over natural gas price hike, Reliance Industries Chairman Mukesh Ambani Wednesday expressed confidence the company will win public trust as it believes in creating wealth and livelihood for millions in a transparent manner.

"We are here to win trust and we will win this with truth and transparency," Ambani told the shareholders at the 40th AGM here in response to an indirect question on Aam Aadmi Party's (AAP's) allegations against the company.

Reliance Retail will emerge as major growth engine: Ambani

Mukesh-AmbaniMumbai: Retail business will emerge as a major growth engine for the consumer segment of Reliance Industries while it will continue with its expansion in existing and new markets besides exploring new channels, company Chairman Mukesh Ambani said on Wednesday.

"In coming years, retail will emerge as a major growth engine for our consumer business and Reliance by creating significant societal value and providing even greater choice and value to consumers and small enterprises," Ambani said in his address to shareholders.

Ambani's Antilia rated world's 'most outrageously expensive property'

Ambani-House-AntiliaWashington, May 15 :  Reliance Industries Chairman Mukesh Ambani's skyscraper Mumbai home Antilia - named after a mythical island in the Atlantic - has been rated as the world's "most outrageously expensive property" by Forbes magazine.

Two of Indian steel tycoon Lakshmi N. Mittal's houses in Kensington Palace Gardens in London also figure among the 21 most expensive billionaire homes in the world rated fifth and 18th.

"The title of the most outrageously expensive property in the world still belongs to Mukesh Ambani's Antilia," it says.

Government returns RIL's bank guarantee for new gas price

Reliance-Industries-LimitedNew Delhi, May 2 : With the election code of conduct still in place, the petroleum ministry has returned the bank guarantee given by Mukesh Ambani-led Reliance Industries Ltd (RIL) in connection with the upward price revision for natural gas supplied by it.

TV channels sponsored by Ambani helpless, cannot report about his corruption: Kejriwal

Arvind-KejriwalNew Delhi, Feb 11 : Delhi Chief Minister Arvind Kejriwal on Tuesday said there are a few channels that were directly sponsored by Reliance Industries Chairman Mukesh Ambani, and they could not report against him.

He requested the channels which did not fall under this category to stand up for the public and stop acts of increasing corruption that has resulted in the rise of gas prices.

"We know that there are a few TV channels in the country that are directly sponsored by Mukesh Ambani. We also know that there are few media house owners who themselves own gas wells in the country," said Kejriwal.

RIL may buy 11% stake in Venezuela’s Petrocarabobo project

RIL may buy 11% stake in Venezuela’s Petrocarabobo projectMukesh Ambani-led Reliance Industries Ltd (RIL) is considering taking an 11% stake in Venezuela's Petrocarabobo project - one of biggest petroleum projects in the Latin American country.

RIL, which operates the world's biggest refining complex in Gujarat, has been search for cheaper as well as heavier crude oil to run its refineries.

The Petrocarabobo project was recently surrendered by Malaysia-based Petronas.  A senior RIL official said the company was eyeing the same exploration assets in Mexico.

Reliance Jio demonstrates newest LTE services at Techfest

Reliance JioReliance Jio Infocomm Ltd, a subsidiary of Mukesh Ambani-led Reliance Industries (RIL), tested its 4G network and demonstrated some of its newest LTE services at the recently held Techfest.

At the annual science & technology festival of the Indian Institute of Technology (IIT) in Mumbai, Reliance Jio ran trials of video calls and Jio Television service on its 4G network.

Reliance Jio also showcased wireless machines capable of measuring blood pressure and record data in the cloud, and making mobile phone-based urine analysis.

Finance Ministry warns petroleum ministry against bank guarantees from RIL

Finance MinistryThe union finance ministry has reportedly asked the petroleum ministry not to accept bank guarantees from Reliance Industries Ltd (RIL) until differences over the pricing of gas from the company's KG D6 block are resolved.

The finance ministry has cautioned that accepting bank guarantees from the Mukesh Ambani-led company could would weaken the government's case in the on going arbitration proceedings against the company.

The government believes that RIL is responsible for the drastic decline in gas production from the KG D6 block. Gas production from the block has declined to 10 mmcmd from 65 mmcmd three years ago.

Technology can help India fight back various issues: says Ambani

Technology can help India fight back various issues: says AmbaniEmbracing new technology can help India fight back several key issues it is facing in various important segments, industrialist Mukesh Ambani suggested.

Mr. Ambani, the chairman of Reliance Industries Ltd., said that India, which aspires to be a superpower, is facing issues in education, livelihood and health.

Top 100 rich Indians' net worth rises to $250 billion

mukesh-ambaniNew Delhi, Oct 24 : The total wealth of India's top 100 rich people rose to $250 billion this year as compared to $221 billion in the previous year, a research report showed.

With personal wealth of $18.9 billion, Reliance Industries Limited chairman Mukesh Ambani tops the country's rich list followed by London-based Arcelor Mittal's chief L. N. Mittal with assets of $15.9 billion, according to the second edition of Hurun India Rich List released here Thursday.

RIL, BP make 2nd gas discovery in Cauvery block

RIL, BP make 2nd gas discovery in Cauvery blockBillionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) and its global energy partner BP Plc on Friday announced their second major deep-water gas discovery in the Cauvery Basin off the east coast of India.

The discovery, which has been named Dhirubhai-56 (D-56), was made on August 17 in the Cauvery basin's CY-DWN-201/2 block. Since the day of the discovery, the exploration well has been flowing nearly 1 million standard cu. m. of gas with condensate (oil) per day, which indicates that it is a major discovery.

RIL Q1 net profit up nearly 19 percent

Reliance-IndustriesMumbai, July 19 : Reliance Industries (RIL) Friday reported a 18.9 percent rise in its first quarter net profit at Rs. 5,352 crore (Rs. 53.52 billion) on back of stronger margins in oil refining and petrochem businesses.

Net profit soared 18.9 percent to Rs. 5,352 crore, or Rs 16.6 per share, in April-June quarter from Rs. 4,503 crore, or Rs 13.8 per share, a year earlier, the company said in a statement.

Commenting on the results, Chairman and Managing Director Mukesh Ambani said :"The robust petrochemical demand augurs well for company's capex. We have invested $6 billion in US shale gas fields."

RIL Chairman Mukesh Ambani invests in Epic TV

RIL Chairman Mukesh Ambani invests in Epic TVReliance Industries Ltd (RIL) Chairman Mukesh Ambani has reportedly picked up a stake in a new, high-definition television channel that is expected to go on air sometime next month.

The channel, called Epic TV, will offer content based on the country's history, mythology and folklore in a contemporary design. Epic Television Network was set up in October last year by Walt Disney Co's former managing director Mahesh Samat.

RIL to invest Rs.150,000 crore over 3 years

Reliance-IndustriesMumbai, June 6 : Reliance Industries Ltd. (RIL) will invest Rs. 150,000 crore over the next three years to expand its manufacturing, retail and 4G digital services, Chairman Mukesh Ambani said here Thursday.

He said the above said sectors have "high multiplier effects" and would lead to "secondary and tertiary economic investments and employment creation in a variety of sectors”.

He was addressing RIL's 39th annual general meeting here.

RIL expects retail business revenue to grow 50%

RIL expects retail business revenue to grow 50%Reliance Industries has said that it expects the revenues from its retail business to grow 50 per cent in year across formats, according to RIL chairman Mukesh Ambani during the company's annual general meeting.

"Our retail business would undertake multi-fold growth in the next few years by delivering over 50% revenue growth in various format sectors year-on-year and is on its way to achieve revenue target of INR 40,000 crore to INR 50,000 crore as shared by me in our last AGM," Ambani said.

CPI (M) criticizes govt. for granting Z security for Ambani

CPI (M) criticizes govt. for granting Z security for Ambani Many common people and some political leaders are criticizing the union government's decision to provide Reliance Industries Ltd (RIL) Chairman Mukesh Ambani with Z security.

The Ministry of Home Affairs recently granted Z category - the second highest level of state security - for Mr. Ambai, and designated the central force CRPF for the task. The CRPF will take over the billionaire's security from 25th of April.

RIL Chairman Mukesh Ambani and BP's chief Dudley seek clarity on gas pricing

Mukesh-Ambani-manmohban-singhRIL Chairman Mukesh Ambani and partner BP Plc's CEO Bob Dudley met Prime Minister Manmohan Singh and senior government officials to seek clarity on pricing of natural gas and other regulatory issues.

The duo urged the government to lay a clear roadmap for market driven pricing of natural gas, claiming that the current sub-market rates were responsible for weak investments.

They also held meetings with Planning Commission Deputy Chairman Montek Singh Ahluwalia and Law Minister Ashwini Kumar, and discussed their concerns on gas pricing.

RIL encounters new gas pool in KG field: sources

Mukesh-AmbaniReliance Industries Ltd (RIL) has sniffed a new gas pool in an exploration well in its flagging natural gas fields in KG-D6 block.

Sources privy to the development revealed that the Mukesh Ambani-led firm encountered natural gas in its MJ-1 exploration well on the Dhirubhai-1 and Dhirubhai-3 gas fields in the KG-D6 block.

The exploration well is being drilled more than 2 kilometers deeper than, and straight beneath the producing Dhirubhai-1 and Dhirubhai-3 fields in the block.

The company drilled the exploration well on the fields to learn about reservoir characteristics.

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