Mukesh Ambani, Ambani

RIL AGM: From Mukesh Ambani's address to major announcements, check all the live updates and news related to Reliance's 46th annual general meeting here

Ambani, Mukesh, Reliance

At the 46th AGM of Reliance, chairman, Mukesh Ambani is expected to divulge information about JFSL's business and future plans

Reliance Energy launches full service mobile app

Reliance Industries Ltd, India's largest company by market value, will commence natural gas production from its deepest discovery in the KG-D6 block this quarter, meeting 15 per cent of India's gas demand.
KG-D6 off the Andhra coast is India's only deepwater block under production.
The block averaged 20 million standard cubic meters per day of production in the January-March quarter, the company said in an investor presentation post-presentation of the March quarter earnings.
Reliance and its partner, UK supermajor BP are now nearing the start of production from their giant MJ deep-water project, which will significantly boost gas output from the prized east coast asset.
"MJ field is expected to commence production in 1Q FY24 (April 2023 to March 2024)," it said.
The company, which is the operator of the block, earlier planned to start production in the December quarter, but it was delayed by three months.
Reliance and BP are spending about USD 5 billion on further developing KG-

Supreme Court

After several power outages in Mumbai, the MERC in 2013 gave its approval to the detailed project report of the Aarey-Kudus electricity transmission project of Reliance Energy

renewable energy

India to have more than 60% power generation from RE by 2030, says minister

Caelux is a research and development-oriented company in perovskite-based solar technology. Its proprietary technology enables high-efficiency solar modules that can produce 20% more energy

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5G coverage planning done in 1,000 cities, retail investments at Rs 30,000 cr

Gavel, order, judiciary, courts, laws

Reliance and BGEPIL on Dec 16, 2010, dragged the govt to arbitration over cost recovery provisions, profit due to the state and amount of statutory dues including royalty payable

Reliance Industries, RIL

Reliance New Energy Solar Ltd (RNESL) has signed definitive agreements to acquire UK-based sodium-ion battery techn company Faradion for an enterprise value of GBP 100 million, both companies said

Reliance Industries

The loan is a rare acquisition financing from RIL which opted for term loans instead of a short-term bridge facility

Reliance Industries, Mukesh Ambani

Reliance New Energy Solar will acquire the shares for over Rs 1,840 crore

The oil-to-retail conglomerate announced a wave of partnerships with REC, NexWafe, Sterling and Wilson, Stiesal and Ambri for total costs of $1.2 billion.

Mukesh Ambani

Billionaire Mukesh Ambani's Reliance Industries is India's answer to US giants Exxon, AT&T and Amazon - all rolled into one, Bernstein Research said on Tuesday.
"Reliance has disrupted the energy and telecoms industry in India and is on the cusp of doing the same to retail, fintech, and media," it said in a report adding the company has an enviable track record of innovation and execution.
For the oil-to-telecom conglomerate, energy remains core business and is expected to further expand as India is forecast to be the fastest-growing market for fuel and chemical products over the next decade, it said adding the company's partnership with BP of the UK and Saudi Aramco will support this.
Reliance owns the world's largest single-site oil refining complex and has multiple petrochemical plants. Three years back it forayed into telecom business and has reached 34 per cent share of market revenue.
"Based on the current net add run-rates it will likely reach 44 per cent share by the end ..

Representative image. Photo: ABB

Electricity was being stolen through disabling of power meter with the help of remote control device

Collection in H1 over 50% of BE of Rs 27,625 cr

Union Civil Aviation Minister Jyotiraditya Scindia and Railways Minister Ashwini Vaishnaw have been coordinating in recent months on these projects

PM Gatishakti: 3 upcoming airports on fast track to get rail connectivity

airport

India has told Canada that if any of these diplomats stay after October 10, their diplomatic immunity will be revoked

Justin Trudeau

The run-up in the markets in these last few months, analysts at HSBC said, has made investors nervous about the markets amid multiple headwinds

markets

What the data suggests, however, is that India's numbers are unsustainable. They're driven by debt-fueled household consumption and government investment

Rupee, Indian Rupee, Indian currency

The hike in prices is likely to hurt consumers as the gas distribution companies are expected to increase prices of CNG and PNG

natural gas pipeline

A groin strain has been troubling Neeraj Chopra for some time now but the Olympic champion does not want the thought of injury affect him as he gears up to defend his Asian Games title.
Chopra played most part of the season with a groin strain but still won the world championships title in August in Budapest and went on to finish second in the Diamond League finals on September 16.
"I have come back here after training and doing rehab in a relaxed manner in Switzerland. I hope to give my 100 per cent and defend my Asian Games title," Chopra told reporters here.
The 25-year-old javelin thrower has Olympic qualification in his mind.
"A little bit of groin issue is still there, it happened last year also. I was feeling better but it happened again. I have to take care of this very well and then prepare for the Paris Olympics. This kind of thing happens for athletes who compete at the top level."
He said the challenge throughout the season was how to keep his mind away from the injury

Neeraj Chopra

The four-month monsoon season has ended with India receiving "normal" rainfall -- 820 mm against a long-period average of 868.6 mm -- with positive factors countering the effect of El Nino conditions, the India Meteorological Department (IMD) said on Saturday.
Rainfall between 94 per cent and 106 per cent of the long-period average (LPA) is considered normal.
However, normal cumulative rainfall over the country during the monsoon season doesn't mean even spatial and temporal spread of precipitation.
The Indian monsoon refers to inherent fluctuations and changes that occur over time due to various natural factors. This is called natural variability.
Research, however, shows climate change is making the monsoon more variable. Increased variability means more extreme weather and dry spells.
IMD Director General Mrutyunjay Mohapatra said with positive factors countering the effect of El Nino, the 2023 monsoon ended with 94.4 per cent cumulative rainfall, which is considered "normal".

Youngsters take a selfie during monsoon rain, near India Gate in New Delhi (Photo: PTI)

Rainfall, Delhi rain, IMD

He added that Chhattisgarh received thousands of crores worth of central funds for infrastructure development here over the last five years

PM Modi

Congress leader Rahul Gandhi on Saturday said if his party is voted to power at the Centre, it would conduct a caste-based census to know the exact number of OBC people living in the country.
He claimed that the Rashtriya Swayamsevak Sangh (RSS) and central government officers were framing the laws of the country instead of the elected representatives of the Bharatiya Janata Party (BJP).  Addressing a public meeting in Kalapipal assembly constituency in Shajapur district of Madhya Pradesh, where state elections are due by the year-end, Gandhi described the state as an "epicentre of corruption" and claimed that 18,000 farmers have ended their lives there in the last 18 years under the BJP rule.
"Soon after coming to power, the first thing we will do is to go for a caste-based census to know the exact number of OBCs and other sections of people for the benefit of all as no one knows their exact number," Gandhi said.  He claimed that the country was being run by only 90 officers, ...

Congress MP Rahul Gandhi arrives at Parliament as Lok Sabha Secretariat restored his Lok Sabha membership after Supreme Court stayed his conviction in the 'Modi' surname remark case, in New Delhi on Monday.

The combined market valuation of five of the top 10 most valued firms declined by Rs 62,586.88 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit, amid an overall bearish trends in equities.
Last week, the BSE benchmark fell 180.74 points or 0.27 per cent, and the Nifty declined 35.95 points or 0.18 per cent.
The market valuation of TCS plunged Rs 26,308.58 crore to Rs 12,91,919.56 crore.
Infosys witnessed an erosion of Rs 25,296.43 crore from its valuation which was at Rs 5,95,597.10 crore.
The market valuation of Reliance Industries fell by Rs 5,108.05 crore to Rs 15,87,553.37 crore and that of Hindustan Unilever declined by Rs 3,865.08 crore to Rs 5,79,373.96 crore.
The market capitalisation (mcap) of HDFC Bank dipped Rs 2,008.74 crore to Rs 11,57,145.86 crore.
However, the mcap of Bajaj Finance jumped Rs 20,413.41 crore to Rs 4,73,186.41 crore.
Bharti Airtel added Rs 8,520.13 crore to Rs 5,19,279.14 crore in its valuation while

Even if generative artificial intelligence has been overhyped, it's safe to assume that ChatGPT-type bots will only get better at routine tasks like writing computer software

jobs, IT jobs, IT industry, AI

Half of India's population between the age of 30-55 years believes 59 years should be the age of retirement and thirty-two years is when one should ideally start retirement planning,

investment,saving, money, retirement, rupee

As the festival season approaches, followed by elections, state and national, there will be pressure on liquidity since cash with the public will rise

Banks credit growth

Bidhuri may be a small fry in the larger calculus of the party. Yet, in his blundering and uncultured way, he was voicing in Parliament what has already been normalised on the streets

Bidhuri

A fresh case has been registered by the Delhi Police Special Cell against NewsClick under the stringent Unlawful Activities (Prevention) Act

Delhi Police

Hyundai Motor India on Tuesday said all its models in the country would now come with six airbags as standard.
The automaker also announced that it has decided for voluntary participation in the recently introduced Bharat NCAP with 3 models to begin with, and more models to follow.
Under the Bharat NCAP programme, car manufacturers can voluntarily offer their vehicles tested as per the Automotive Industry Standard (AIS) 197.
Based on the performance of the car in the tests, the vehicle will be awarded star ratings on a scale of 0-5, for adult occupants (AOP) and child occupants (COP).
Potential car customers can refer to these star ratings to compare the safety standards of different vehicles and accordingly make their purchase decision.
The carmaker also announced that its mid sized sedan Verna has received a five-star rating in adult and child occupant protection by Global NCAP.
Hyundai Motor India MD & CEO Unsoo Kim said safety for all is the company's utmost priority.
"We ha

Hyundai Motor India Ltd, Hyundai

Realty firm Sobha Group on Tuesday said its founder PNC Menon has pledged Rs 1,000 crore as philanthropic contribution towards development of Sabarmati Riverfront in Ahmedabad, Gujarat.
A Memorandum of Understanding (MoU) in this regard was signed in the presence of Gujarat Chief Minister Bhupendra Patel, according to a statement on Tuesday.
"Menon's philanthropic commitment of Rs 1,000 crore over the next five years towards Sabarmati Riverfront development, is in line with his earlier commitment to donate 50 per cent of his personal wealth to causes that help communities and foster all round development and progress in the country, reflecting his continued and unwavering dedication to giving back to the community," the statement said.
In May 1997, the Ahmedabad Municipal Corporation (AMC) formed a Special Purpose Vehicle (SPV)- Sabarmati Riverfront Development Corporation Ltd (SRFDCL). SRFDCL was entrusted with the responsibility of turning the riverfront into a major urban asset f

Sabarmati River, Ahmedabad

IRCTC has launched a 5-night and 6-day package for those who are willing to explore the tourist's paradise. Here are the complete details about the IRCTC Amazing Goa ex Rajkot package

Indian Railways cancelled more than 160 trains on Monday, August 29.

indian railways, IRCTC, Cancellation

Aishwarya Rai Bachchan stunned the audience when she walked the ramp at the Paris Fashion Week, organised by French cosmetic giant L'Oreal, alongside Kendal Jenner and Camila Cabello

Reliance Energy

RIL AGM LIVE: Mukesh Ambani to remain CMD for 5 years, mentor new leaders

RIL trades flat ahead of 46th AGM at 2 pm today; Jio Financial surges 5%

Reliance to start gas production from MJ deep-water project in 1Q FY24

SC dismisses Tata Power's appeal against MERC awarding project to Adani

Solar manufacturing PLI to create 90 Gw addl capacity in India: R K Singh

Reliance New Energy to acquire 20% stake in US-based Caelux for $12 mn

RIL annual report: Growth engines shifting to top gear, says Mukesh Ambani

RIL-BGEPIL dispute: Govt mulls appealing against English court order

Reliance New Energy Solar Ltd to acquire UK's battery firm Faradion

Reliance raises $736 mn in green loan to fund REC Solar acquisition

Reliance group firm to acquire 49.1 mn shares of Sterling & Wilson Solar

RIL's green energy biz taking shape, may contribute 10% of EBITDA in 5 yrs

Energy to retail: Reliance is India's reply to Exxon, AT&T, Amazon combined

Reliance Energy detects hi-tech power thefts case