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<keyword id="19924335" type="General" weightage="20" keywordseo="Tata-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Group" meta.hostid="261" meta.entityid="Tata Group">Tata Group</keyword> chairman <keyword id="19981455" type="General" weightage="100" keywordseo="Ratan-Tata" source="keywords">Ratan Tata</keyword> left for his heavenly abode on Wednesday. Tata, aged 86, died on Wednesday evening at Breach Candy Hospital in Mumbai after a brief illness. The industrialist was widely known for transforming the Tata Group into a global powerhouse and would often make headlines for his <keyword id="21072972" type="General" weightage="20" keywordseo="philanthropic-efforts" source="keywords">philanthropic efforts</keyword>. Perhaps this is why, the death of the renowned industralist has struck a chord with the entire nation and beyond. The Maharashtra government also declared a day of mourning today in Ratan Tata's honour. From Reliance Industries MD <keyword id="19916798" type="General" weightage="20" keywordseo="mukesh-ambani" source="keywords">Mukesh Ambani</keyword> and Adani Group chairman <keyword id="111343" type="General" weightage="20" keywordseo="gautam-adani" source="Orion">Gautam Adani</keyword> to <keyword id="19902762" type="General" weightage="20" keywordseo="Google" source="keywords" meta.keywordsubtype="org" meta.entityname="Google" meta.hostid="261" meta.entityid="Google">Google</keyword> CEO <keyword id="164502" type="General" weightage="20" keywordseo="sundar-pichai" source="Orion">Sundar Pichai</keyword>, a lot of business tycoons have reacted to Ratan Tata's death. Let us take a look at some reactions. Industrialist Gautam Adani hailed Tata as a “giant” and a “visionary” who redefined modern India’s path. “He wasn’t just a business leader; he embodied the spirit of India with integrity, compassion, and an unwavering commitment to the greater good,” Adani said. His words echoed the sentiment of many who admired Tata for his values and leadership, which transformed the Tata Group into a global enterprise while maintaining its deep connection to Indian society. Google CEO Sundar Pichai also expressed his grief over Tata’s death, noting his deep commitment to India’s progress. “Ratan Tata deeply cared about making India better,” Pichai wrote on X, formerly Twitter. Reflecting on his last meeting with Tata at Google, where they discussed advancements in Waymo, Pichai added that Tata’s vision was inspiring. “He leaves an extraordinary business and philanthropic legacy, having mentored and developed modern business leadership in India.” Anand Mahindra, Chairman of Mahindra Group, shared his sorrow over the loss of a mentor whose guidance he believed was invaluable, particularly at a time when India’s economy is poised for significant growth. “Ratan’s life and work had much to do with our current position on the global stage,” Mahindra noted. “His example will continue to guide us, and legends like him never die.” Reliance Industries Chairman Mukesh Ambani expressed personal grief over the loss of a “dear friend.” Ambani described Tata as a visionary who took India to the world and brought global innovations to India. “With his passing, India has lost one of her most illustrious sons. His contributions will continue to inspire future generations,” Ambani said, adding that Tata’s legacy of humility, integrity, and compassion was one that would remain etched in memory. RPG Enterprises’ Harsh Goenka also paid tribute to Tata, describing him as a beacon of ethical leadership. “The clock has stopped ticking for the titan of Indian industry,” Goenka wrote, underscoring the indelible mark Tata left on both business and society. Other prominent figures, including Finance Minister <keyword id="19916618" type="General" weightage="20" keywordseo="nirmala-sitharaman" source="keywords">Nirmala Sitharaman</keyword> and Commerce Minister <keyword id="19895367" type="General" weightage="20" keywordseo="piyush-goyal" source="keywords">Piyush Goyal</keyword>, also expressed their sorrow. Sitharaman lauded Tata as a leader whose deep resolve for innovation and social responsibility transformed industries and uplifted communities. Goyal, meanwhile, referred to Tata as a “true nationalist” who brought immense pride to India through his global achievements. Apart from celebrities, politicians and business tycoons, Ratan Tata is also being remembered by millions of Indians on social media. Various people have shared heartfelt posts on platforms like Instagram and X, mourning the death of the Tata Group chairman. Tata, born in 1937 in Mumbai, led the Tata Group as Chairman of Tata Sons from 1991 until his retirement in 2012. He was instrumental in expanding the group’s global footprint while staying true to the company’s founding principles of ethical business practices and social responsibility. His leadership extended far beyond the boardroom, as he dedicated much of his life to philanthropy, focusing on education, healthcare, and rural development. As India mourns the loss of a corporate icon, the tributes from business leaders paint a portrait of Ratan Tata as a visionary who transcended his role as an industrialist to become a symbol of India’s aspirations and values. His legacy, built on integrity, innovation, and a commitment to the greater good, will continue to inspire future generations. Tata’s mortal remains will be kept at the National Centre for the Performing Arts (NCPA) in Mumbai for the public to pay their respects, before his final rites are performed later in the day.

‘Deeply cared about making India better’: Mukesh Ambani, Gautam Adani, Sundar Pichai and others react to Ratan Tata's death

<keyword id="19896380" type="General" weightage="20" keywordseo="Reliance-Industries" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Industries" meta.hostid="261" meta.entityid="Reliance Industries">Reliance Industries</keyword>, under the leadership of <keyword id="19916798" type="General" weightage="20" keywordseo="Mukesh-Ambani" source="keywords">Mukesh Ambani</keyword>, showcased its vision for the future during the company’s Annual General Meeting (AGM) that was held today (August 29). During the AGM, <keyword id="19936674" type="General" weightage="20" keywordseo="reliance" source="keywords">Reliance</keyword> laid out ambitious plans that span across its diverse businesses. The conglomerate, which has interests ranging from oil to telecom to retail, is positioning itself as a key player in India’s growth story, with a particular focus on <keyword id="20239522" type="General" weightage="20" keywordseo="technological-innovation" source="keywords">technological innovation</keyword>, energy security, and retail expansion. <h2>Not chasing short-term profits</h2><keyword id="19898589" type="General" weightage="20" keywordseo="ambani" source="keywords">Ambani</keyword>, during his speech, said that Reliance is not merely chasing short-term profits but is dedicated to creating long-term wealth for the nation. He reiterated the company’s commitment to providing high-quality products and services that enhance the lives of Indian consumers. The chairman announced that the company’s board will consider issuing bonus shares on September 5, further rewarding shareholders as Reliance continues to grow. <h2>Transforming into a deep-tech company</h2>A major theme of the AGM this year was Reliance’s transformation into a deep tech company, with advanced manufacturing capabilities at its core. Ambani described this shift as essential to securing a place in the global top-30 companies in the near future. He highlighted the company’s strategic adoption of artificial intelligence (AI), calling it one of the most transformative events in human history. AI, he noted, opens up new avenues to address complex problems, making Reliance a net producer of technology. Reliance has been making significant strides in R&amp;D, with over ₹3,643 crore invested in FY24 alone, taking the total research expenditure to over ₹11,000 crore in the last four years. This investment is driving innovations in various areas, including bio-energy, solar power, green energy, and high-value chemicals. The company has also been active in digital research, filing patents in 6G, 5G, AI, and IoT, among others. Ambani assured that this tech-driven transformation would propel Reliance into a new phase of hyper-growth, multiplying its value in the coming years. <h2><keyword id="20337020" type="General" weightage="20" keywordseo="retail-business" source="keywords">Retail business</keyword> to double</h2>In addition to technological advancements, Reliance Retail, the company’s retail arm, is set to double its business in the next three to four years. Isha Ambani, Director of Reliance Retail, shared that the retail segment recorded a gross revenue of ₹3.06 lakh crore for the financial year ending March 31, 2024, marking a 17.8% growth over the previous year. The retail business has rapidly expanded, with Reliance opening 1,840 new stores in the past year, bringing the total to 18,836 stores across 79 million square feet of retail space. This growth has positioned Reliance Retail among the top-5 global retailers in terms of store count and among the top-10 in market capitalization globally. Isha Ambani emphasised that much of this growth is driven by a focus on smaller towns, where two-thirds of the new stores have been opened. Reliance Retail is also focused on creating high-quality, affordable products through its Consumer Brands business, which has seen the re-launch of popular brands like Campa, Lotus Chocolates, and Sosyo. Mukesh Ambani concluded by underscoring Reliance’s mission to provide energy security to India while also contributing to a cleaner and greener world. As the global landscape becomes increasingly uncertain, he expressed confidence in India’s role as a key growth engine in the global economy. The International Monetary Fund (IMF) projects that India will become the world’s third-largest economy by 2027, surpassing Japan and Germany. Ambani affirmed that Reliance will continue to be a driving force in India’s march toward becoming a developed nation.

Reliance AGM 2024: Company aims to double retail business, Mukesh Ambani says not pursuing short-term profit

<keyword id="19938772" type="General" weightage="20" keywordseo="Reliance-Industries-Ltd" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Industries Ltd" meta.hostid="261" meta.entityid="Reliance Industries Ltd">Reliance Industries Ltd</keyword> (<keyword id="20002939" type="General" weightage="20" keywordseo="RIL" source="keywords">RIL</keyword>) is set to hold its much-anticipated 47th Annual General Meeting (AGM) today, August 29, 2024. The AGM, which will be held virtually, is expected to feature some key announcements that could be of great interest to investors as well as shareholders. The meeting will start at 2:00 p.m. IST and will be live-streamed across various digital platforms. Read on to know all about <keyword id="22949345" type="General" weightage="100" keywordseo="Reliance-AGM" source="keywords">Reliance AGM</keyword> and what can be expected from it this year. <h2>What is Reliance AGM?</h2> The Reliance Annual General Meeting (AGM) is an important event where Reliance Industries Ltd (RIL) presents its financial performance, future strategies, and key developments to shareholders and the public. Held annually, this meeting is led by RIL Chairman <keyword id="19916798" type="General" weightage="20" keywordseo="Mukesh-Ambani" source="keywords">Mukesh Ambani</keyword> and serves as a platform for major announcements, including potential IPOs, business expansions, and technological advancements. The AGM attracts widespread attention from investors, analysts, and industry watchers, as it provides insights into the company’s direction and its impact on various sectors. <h2>Where to watch livestream</h2> The AGM will begin at 2:00 p.m. IST and will be conducted virtually, allowing millions of shareholders and investors to join from anywhere. The event will be live-streamed across various digital platforms, including RIL's social media pages on YouTube, X (formerly Twitter), and Facebook. Shareholders can join the live broadcast using the following link: <a href="https://jiomeet.jio.com/rilagm" target="_new">https://jiomeet.jio.com/rilagm</a>. <h2>What to expect from Reliance AGM 2024</h2> IPO announcements: One of the most closely watched aspects of the AGM is the potential announcement of IPO timelines for Reliance <keyword id="19906886" type="General" weightage="20" keywordseo="Jio" source="keywords">Jio</keyword> and Reliance Retail. The possibility of these two giants going public has been a topic of discussion since 2019, and with the five-year mark approaching, investors are keen to hear concrete plans. Energy projects: Reliance’s foray into the green energy sector has been a key focus in recent years. The AGM is expected to provide updates on the progress of the company’s ambitious new energy projects, particularly the development of a large green energy complex in Jamnagar. This complex, featuring giga factories for solar PV, energy storage, and other technologies, is part of Reliance’s broader strategy to transition from traditional energy sources to more sustainable options. Investors will be looking for detailed timelines and potential earnings projections from these ventures. 5G Rollout: Reliance Jio’s 5G rollout is another critical area of interest. The company has already made significant strides in expanding its 5G network across India, and the AGM is expected to shed light on how RIL plans to monetize this infrastructure. This could include potential partnerships, new service offerings like the JioPhone 5G, and strategies to increase subscriber growth. The success of Jio’s 5G rollout will be crucial in maintaining its competitive edge in the rapidly evolving telecom market. AI focus: In addition to its core business areas, Reliance is also expected to make announcements related to artificial intelligence (AI). With global tech giants increasingly focusing on AI, RIL is likely to reveal new AI initiatives tailored to the Indian market. This could include expansions to Hanuman AI, a generative AI tool developed with leading Indian institutions, which supports multiple Indian languages. Succession planning: Another topic of interest is Reliance’s succession plan. With Mukesh Ambani having previously outlined a blueprint for leadership transitions within the company, shareholders will be looking for updates on how these plans are being implemented. The AGM may provide further clarity on the roles of Ambani’s children—Akash, Isha, and Anant—who have been earmarked to lead the telecom, retail, and energy segments, respectively.

Reliance AGM 2024 at 2 pm today: What it is, where to watch, and what to expect

The Ambani-Merchant nuptials, culminated in a lavish ceremony in Mumbai after a series of celebrations spanning multiple countries over the past four months. Notably absent from the Mumbai reception, however, was Congress leader and Leader of Opposition in the Lok Sabha, <keyword id="19895780" type="General" weightage="20" keywordseo="Rahul-Gandhi" source="keywords">Rahul Gandhi</keyword>. Reports suggest that billionaire <keyword id="19916798" type="General" weightage="20" keywordseo="Mukesh-Ambani" source="keywords">Mukesh Ambani</keyword> had personally invited Rahul Gandi and Sonia Gandhi for his son Anant Ambani’s wedding. These speculations arose after the businessman was seen arriving at 10, Janpath. Sources close to Gandhi, however, had firmly denied his attendance, underlining a strategic move to reassert his image as a leader connected to the common citizen. Amid the celebrations, Rahul Gandhi was seen adressing a crowd of people. Talking about the grandeur of the event being held at the Jio World Convention Centre, he sardonically remarked how all of this was happening while the public was suffering. <div type="twitter" handle="pbhushan1" handlename="pbhushan1" favoritecount="0" retweetcount="0" id="1812340770860413030"></div>Further, a video of the 54-year-old Congress leader waiting for his order at a Delhi pizzeria has gone viral. And many speculate that the timing of this co-incided with some of his allies attending the Ambani event. <div type="twitter" handle="mr_mayank" handlename="mr_mayank" favoritecount="0" retweetcount="0" id="1812210852042572052"></div>While Gandhi's decision to abstain is seen as a deliberate stance against what he critiques as “crony capitalism”, particularly under the current <keyword id="20360422" type="General" weightage="20" keywordseo="NDA-government" source="keywords">NDA government</keyword>, some of his allies and colleagues from his party such as Abhishek Manu Singhvi and Mamata Banerjee graced the occasion. Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="narendra-modi" source="keywords">Narendra Modi</keyword> also attended the Ambani-Merchant reception to give his blessings to the happy couple. Andra Pradesh CM Chandrababu Naidu was also in attendance. Read: <a href="https://www.businessinsider.in/india/news/pm-narendra-modi-attends-anant-ambani-and-radhika-merchants-star-studded-wedding-event/articleshow/111719695.cms" data-type="tilCustomLink">PM Narendra Modi attends Anant Ambani and Radhika Merchant's star-studded wedding event</a> Amit Malviya, the national head of the Bharatiya Janata Party's IT cell, took a swipe at Gandhi's absence, insinuating that the Congress leader might be abroad, a notion that has stirred controversy in political circles. Malviya's comments also alluded to the participation of opposition leaders in the wedding festivities, contrasting sharply with their criticisms of prominent industrialists like Ambani and Adani. The <keyword id="20727512" type="General" weightage="20" keywordseo="Ambani-wedding" source="keywords">Ambani wedding</keyword> saga, from its extravagant pre-wedding celebrations in Gujarat and Italy to the final celebrations in Mumbai, has been a magnet for media attention, showcasing the elite social circle of the Ambani family. While a majority of the festivities have come to an end, the event continues to attract equal parts admiration and scrutiny, particularly around the intricate web of political dynamics that surround them. Related: <a href="https://www.businessinsider.in/entertainment/news/meet-the-rich-and-famous-people-in-mumbai-for-the-ambani-wedding/slidelist/111694174.cms" data-type="tilCustomLink">Meet the rich and famous people in Mumbai for the Ambani wedding</a>

Rahul Gandhi takes dig at politicians attending Ambani wedding bash while commoners are “dying of hunger”

<ul><li><keyword id="19896911" type="General" weightage="20" keywordseo="Reliance-Jio" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Jio" meta.hostid="261" meta.entityid="Reliance Jio">Reliance Jio</keyword> is reportedly gearing up to make its stock market debut.</li><li>As per analysts, Reliance Industries may announce an IPO for the telco at its upcoming AGM.</li><li>The <keyword id="7784314" type="General" weightage="100" keywordseo="Reliance-Jio-IPO" source="Orion">Reliance Jio IPO</keyword> will emerge as the biggest IPO in India.</li></ul> Mukesh Ambani-led Reliance <keyword id="19906886" type="General" weightage="20" keywordseo="jio" source="keywords">Jio</keyword> might be gearing up for an initial public offering (IPO), which is expected to emerge as the country’s largest stock market debut, beating the state-owned Life Insurance Corporation of India’s listing. Jio had recently announced a<a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-price-hike-new-plans-and-how-you-can-save-money/articleshow/111331794.cms"> tariff hike</a>, increasing the prices of its prepaid plans by up to 25%. This was followed by Airtel and Vi announcing a<a href="https://www.businessinsider.in/business/telecom/news/jio-vs-airtel-vs-vi-prepaid-plans-comparison-plan-benefits-and-price-comparison-after-tariff-hike/articleshow/111512587.cms"> price increase</a>. In addition to increasing the prices, the company also moved its unlimited 5G benefit to premium plans that offer users with 2GB or more data per day. With this, the company is aiming to increase its average revenue per user (ARPU), a key metric that will make its shares more attractive to investors. These measures, according to a<a href="https://economictimes.indiatimes.com/markets/ipos/fpos/tariff-hikes-and-5g-monetisation-moves-hint-jios-headed-for-ipo/articleshow/111500671.cms"> report</a> by ET could be an indication that the telco is gearing up for an IPO. As per analysts, Reliance Industries is expected to make an announcement regarding the <keyword id="6059106" type="General" weightage="20" keywordseo="jio-ipo" source="Orion">Jio IPO</keyword> at its upcoming annual general meeting (AGM) in August. "Rising focus on monetisation could be a precursor to its imminent listing,” according to brokerage firm Jefferies. <h2>Jio IPO will be India’s biggest stock market debut</h2>If Reliance Jio makes its stock market debut, it will emerge as the biggest stock market listing in India. Existing rules state that companies that are valued at ₹1 lakh crore or more need to sell at least 5% during an IPO. Jio is currently valued at $133 billion (₹11.11 lakh crore as per Jefferies. A 5% stake sale would put the IPO at around ₹55,000 crore, beating LIC’s ₹21,000 crore IPO. Hyundai Motor India Limited (HMIL) recently<a href="https://www.businessinsider.in/stock-market/news/hyundai-motor-india-files-draft-papers-with-sebi-for-indias-biggest-ipo/articleshow/111014559.cms"> filed</a> its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise around $3 billion (₹25,000 crore). SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/jio-vs-airtel-vs-vi-prepaid-plans-comparison-plan-benefits-and-price-comparison-after-tariff-hike/articleshow/111512587.cms">Jio vs Airtel vs Vi recharge plans comparison – plan benefits and price comparison after tariff hike</a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-price-hike-new-plans-and-how-you-can-save-money/articleshow/111331794.cms">Reliance Jio and Airtel price hike – new plans and how you can save money</a> <a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-july-2024/slidelist/111304902.cms">Upcoming smartphones launching in India in July 2024</a>

Reliance Jio IPO – Mukesh Ambani-led telco might be gearing up for India’s biggest IPO

Billionaire <keyword id="19916798" type="General" weightage="20" keywordseo="mukesh-ambani" source="keywords">Mukesh Ambani</keyword> on Wednesday said his company <keyword id="19936674" type="General" weightage="20" keywordseo="reliance" source="keywords">Reliance</keyword> will set up India's first and world-class carbon fibre facility at <keyword id="20065225" type="General" weightage="20" keywordseo="hazira" source="keywords">Hazira</keyword>. Speaking at the Vibrant <keyword id="19906863" type="General" weightage="20" keywordseo="gujarat" source="keywords">Gujarat</keyword> Summit here, Ambani said Reliance was, is, and will always remain a Gujarati company. "Reliance has invested over USD 150 billion (12 lakh crore) in creating world-class assets and capacities across India in last just 10 years. Of this, more than one third has been invested in Gujarat alone," he said. He said Reliance will contribute to making Gujarat a global leader in green growth. "We will help Gujarat's target to meet half of its energy needs through renewables by 2030." Reliance started building the Dhirubhai Ambani Green Energy Giga Complex over 5,000 acres in Jamnagar. This will generate a large number of green jobs and enable production of green products and materials that will make Gujarat the leading exporter of such goods and the company is ready to roll this out in the second half of 2024 itself, he said. Reliance Jio completed the fastest roll-out of 5G infrastructure anywhere in the world. For India's bid for 2036 Olympics, Reliance and Reliance Foundation will join forces with several other partners in Gujarat to improve the education, sports and skills infrastructure that will nurture the champions of tomorrow in various Olympics sports, he said. "No power on earth can stop India from becoming a 35 trillion-dollar economy by 2047. And I see Gujarat alone will become a 3-trillion dollar economy by then," he added.

Reliance to set up carbon fibre facility in Gujarat as Ambani promises 'green growth'

<ul><li>Jio <keyword id="9850980" type="General" weightage="20" keywordseo="airfiber" source="Orion">AirFiber</keyword>, a fixed wireless broadband offering will launch on September 19.</li><li>Ambani identified five growth segments for Jio – consumer segment, home segment, business segment, global opportunities and AI.</li><li>Ambani promises ‘AI to everyone, everywhere’ as he expects Jio Platforms to lead development of India-specific AI models and solutions. </li></ul>Reliance Jio will launch its much awaited service Jio AirFiber on September 19, coinciding with the festival of Ganesh Chathurthi, said <keyword id="3820" type="General" weightage="20" keywordseo="mukesh-ambani" source="Orion">Mukesh Ambani</keyword>, the chairman and managing director of Reliance Industries (RIL) as a part of his speech at the company’s 46th annual general meeting (AGM) on Monday. Jio AirFiber is a fixed wireless broadband offering that Ambani claimed can supercharge the number of customers that can be added into the network. “Home segment turbocharged by AirFibre and will target the untapped Indian home segment,” he added. This service using the 5G network and wireless technologies can bypass the need for last mile fibre, which continues to be a pain point for consumers. With <keyword id="3690255" type="General" weightage="20" keywordseo="jiofiber" source="Orion">JioFiber</keyword> the company can add 15,000 connections per day, Jio AirFiber can grow over 10 times with AirFiber to add 150,000 connections per day. This can also expand its addressable market over the next three years to over 200 million high-paying homes and premises. Its JioFiber which was launched in 2019 has 10 million subscribers. On an average, they consume 280 GB per month which is 10 times more than per capita mobile consumption. Its fiber is spread across 1.5 million kilometers across the country. “We are in a league of our own and far ahead of competitors,” said Ambani. Jio Platforms have around 450 million mobile subscribers. Each of these subscribers, on an average, consume around 28 GB per day. The company has also rolled out 5G services across 96% of census towns and will finish rolling out the service across the entire country by December. Five dimensions of growth Ambani identified five segments ahead for Jio. The consumer segment will be powered by Jio 5G and Jio Bharat, an affordable 4G phone. Apart from the home segment that will be turbocharged by Jio AirFiber. It also identified the business segment, wherein it will offer enterprise services that will go beyond connectivity to offer a full spectrum of digital services to businesses with managed services and more. Jio Platforms’ opportunity for global expansion with its Made in India tech stack which give wings to more innovation. “Collectively, these frontiers provide Jio an opportunity for multi-fold revenue and EBITDA growth in the coming years,” said Ambani. The fifth and most exciting ‘frontier of growth for Jio’ is the global AI revolution. “It’s reshaping the world around us, and sooner than we think, intelligent applications will redefine and revolutionise industries, economies, and even our daily life,” he said. The RIL group is rapidly augmenting its talent pool and capabilities to assimilate the latest innovations in AI, especially Generative AI. Looking ahead, Jio Platforms intends to lead the effort in developing India-specific AI models and AI-powered solutions across domains, he added. “Seven years ago, Jio promised broadband connectivity to everyone, everywhere. We have delivered. Today Jio promises AI to everyone, everywhere. And we shall deliver,” Ambani said.

Jio AirFiber to launch on Ganesh Chaturthi, turbocharge home segment: Mukesh Ambani

<ul class="summary-list"><li>Anant Ambani and Radhika Merchant just wrapped up their 3-day wedding extravaganza in Mumbai. </li><li>The festivities brought together famous faces from India and the world, including Kim Kardashian. </li></ul><a target="_blank" class="" href="https://www.businessinsider.com/what-goes-into-planning-celebrity-wedding-ambani-india-millionaires-ceremony-2024-7">Anant Ambani and Radhika Merchant's wedding festivities</a> culminated in an ultra-lavish display in Mumbai over the weekend, with thousands of guests and more than a few <a target="_blank" class="" href="https://www.businessinsider.com/ambani-wedding-guests-celebrities-rich-powerful-famous-people-invited-2024-7">famous faces in attendance.</a>Among those to snag an invite was a friend of Merchant's, who spoke to Business Insider on the condition of anonymity per the bride's values of privacy and discretion.The friend, whose identity is known to BI, is no stranger to <a target="_blank" class="" href="https://www.businessinsider.com/indian-wedding-planner-sushma-patel-advice-south-asian-brides-2023-11">Indian weddings</a>, but the celebration the Ambanis threw for the newlyweds was like nothing she'd seen before."I know I'm never going to experience something like this again," she said, describing the whole weekend as "a dream."Now recovering from the three-day extravaganza, which the <a target="_blank" class="" href="https://www.bbc.com/news/articles/cq5x22w0xl0o">BBC estimates</a> may have cost upwards of $156 million, she reflects on what she witnessed. Take a look.<h2 id="c6a395c3-9b3b-4e69-a1d7-171698666d6a">The festivities were lavish but felt intimate and 'family-oriented'</h2>One week before the wedding, on July 5, the Ambani inner circle gathered for the sangeet.The sangeet is one of a handful of pre-wedding traditions in Indian culture. Unlike the main wedding festivities over the weekend, this event was "just for close family and friends," she said.The sangeet took place at the Nita Mukesh Ambani Cultural Centre in Mumbai. Even though it was star-studded, the friend said it felt personal to the couple.<div type="image" title="Mukesh Ambani, the Chairman of Reliance Industries, Isha Piramal, Anand Piramal, Nita Ambani, Anant Ambani, Rihanna, Radhika Merchant, Shloka Mehta Ambani and Akash Ambani stand on the stage." height="1706" width="2560" msid="111765648" hostid="261" sizebytes="259056"></div>Per Indian wedding tradition, a sangeet typically takes place a few days before the actual wedding and involves family members dancing, singing, and sharing a meal."Her friends and family performed, his did too," the friend said. It was basically "one big dance party" that felt "very intimate," she added — though the Ambanis did take it up a notch by treating their guests to a private performance from <a target="_blank" class="" href="https://www.businessinsider.com/ambani-pre-wedding-celebration-with-justin-bieber-performance-2024-7">Justin Bieber</a>.Even the three-day wedding, while lavish, didn't feel overwhelming, the friend said."Their venues are so large that you don't feel overwhelmed," she said. "You're also sticking out with your own gang," she added.<h2 id="47281879-96fe-4f9b-aff5-7e8b99ab5fda">Staff on hand to handle everything, including guests' clothes</h2>Throughout the wedding, which kicked off on July 12 and ended on July 14, the friend said she could tell the bride, groom, and their respective relatives are family-oriented. "You'll always see the family together," she said. "They're never apart."She could also tell they weren't fazed by the pressure of hosting thousands of people and a few world leaders and athletes."They were super calm," she said. "The way they handle themselves, it's all truly incredible."<div type="image" title="Light decorations around the Ambani family's residence in Mumbai" height="3527" width="5352" msid="111765653" hostid="261" sizebytes="1117270"></div>Merchant gave her new mother-in-law, <a target="_blank" class="" href="https://www.businessinsider.com/anant-ambani-wedding-mother-nita-ceo-planned-billionaire-asia-credit-2024-7">Nita Ambani</a>, all the credit for pulling off such a smoothly-run event that felt simultaneously personal and breathtaking. In an interview with <a target="_blank" class="" href="https://www.vogue.com/slideshow/anant-ambani-radhika-merchant-wedding-exclusive?utm_brand=voguemagazine&amp;utm_campaign=aud_dev&amp;utm_content=instagram-bio-link&amp;utm_medium=social&amp;utm_social_type=owned&amp;utm_source=instagram&amp;utm_term=voguemagazine">Vogue</a>, the bride dubbed her husband's mother "C.E.O. of the wedding."For example, the Ambanis hired staff to help at every moment. When part of the friend's dress "came off," she was directed to the bathroom, where staff had the necessary tools and safety pins to fix it."They had everything there, and everyone was really helpful," she said.<h2 id="5bf1b106-de6c-4316-aed9-5dc3760333d0">Celebrities entered the wedding venue separately, but some mixed and mingled freely</h2>Photographers captured the family, a host of Bollywood and Hollywood celebrities, and notable political figures arriving at the venue. It wasn't just one red carpet, though — the friend said there were different entrances for different guests."I wish I was there," she joked. "For the celebs, they had a private entry."Inside, the venue was laden with floral arrangements shaped like animals. Designed by wedding planner Preston Bailey, the flowers were a colorful nod to the 3,000-acre animal shelter Anant launched earlier this year.<div type="image" title="Nick Jonas and Priyanka Jonas (Chopra) hold hands at Ambani wedding on July 12, 2024." height="3668" width="5500" msid="111765641" hostid="261" sizebytes="1183148"></div>Following their red carpet entries, most celebrities mixed and mingled with regular guests, she said."At the end of the day, everyone's a guest," she said, adding that some of the Hollywood and Bollywood were also meeting for the first time. "They were obviously socializing among themselves and with the other Bollywood celebrities," she said.Food was served throughout the night in every room of the venue. The dishes laid out were from high-end restaurants from all corners of the world and served buffet-style. Everyone — including world leaders and celebrities — indulged in the spread and naturally made connections and met people as they went.One guest who skipped the buffets was Kim Kardashian; she was escorted by her security throughout the evening, the friend said.<div type="image" title="Kim Kardashian and Khloe Kardashian wearing traditional Indian wedding guest attire, leaving their hotel on July 13, 2024 in Mumbai, India." height="1441" width="1280" msid="111765639" hostid="261" sizebytes="241400"></div>"I'm sure she had a private dinner set for her," she said. Nevertheless, Kardashian was very much present at the main wedding and throughout the pooja, a religious ceremony, on Saturday.<h2 id="92c3948d-4da0-4c3a-a25e-e87ace70328c">A blessing from India's Prime Minister</h2>At the pooja, "they had the best singers of India do the aarti, the prayers," the guest said. "That was amazing."The friend said another jaw-dropping moment from Saturday was when India's Prime Minister, <a target="_blank" class="" href="https://www.businessinsider.com/narendra-modi-posters-line-street-anant-ambani-wedding-lavish-2024-7">Narendra Modi</a>, arrived."He gave them his blessing," she said, adding that the change in the "aura" of the room was palpable."To be in the same room as the Prime Minister was honestly something else," she said.<h2 id="1202e91e-7993-45eb-b077-fc189e769e1a">The parties featured some 'top tier' performances</h2>The main wedding took place at Mumbai's Jio World Convention Center on Friday. Ahead of the festivities, some roads were closed, and diversions were set up around the venue, causing <a target="_blank" class="" href="https://www.businessinsider.com/ambani-billionaire-lavish-wedding-angers-locals-road-closures-traffic-mumbai-2024-7">tension among local residents</a>, BI previously reported.While there did end up being a lot of traffic on her way to the event, the friend, who lives locally, said she was "used to it."It's really Bombay in a nutshell," she said, referring to the city by its former name.Nevertheless, the journey was worth it for the wedding festivities and performances, the friend said."It was a true party," she said, specifically referring to the baraat, which is the groom's procession to the wedding venue, which Anant did on horseback.Later on in the evening, the friend said guests were treated to performances from an array of artists, including Luis Fonsi, who sang his crowd-pleaser 'Despacito.'"It was insane," she reflected.<h2 id="b0083006-137d-42e5-b0b1-e428ffae1cff">The festivities didn't stop until the early hours of the morning</h2>While some of the more traditional and alcohol-free events — like the pooja — ended early, the friend said the Ambanis hosted "after-parties" following the wedding and the reception for their friends and the younger crowd.<div type="image" title="John Cena smiling and posing with his hand near his face" height="683" width="1024" msid="111765651" hostid="261" sizebytes="28620"></div>"The bigger ones like the Sangeet, the wedding, the reception, ended late because all of us partied after," she said.Although some guests, like John Cena, didn't stick around for the after-parties, the friend said at least a handful of famous faces did, including Zendaya's stylist, Law Roach.

Inside the Ambani wedding: Details you may have missed, according to a guest who was there all weekend

<ul><li><keyword id="6354504" type="General" weightage="20" keywordseo="reliance-jio" source="Orion">Reliance Jio</keyword> is reportedly gearing up to launch the <keyword id="14840517" type="General" weightage="20" keywordseo="Jio-AirFiber" source="Orion">Jio AirFiber</keyword>, a fixed wireless access device.</li><li>The device is expected to be launched during the festive season at a discount of up to 20%.</li><li><keyword id="15491" type="General" weightage="50" keywordseo="airtel" source="Orion">Airtel</keyword> launched the Xstream AirFiber device in the country this month.</li></ul>India’s biggest telecom operator, Reliance <keyword id="2003276" type="General" weightage="100" keywordseo="jio" source="Orion">Jio</keyword> may soon launch a new fixed wireless access (FWA) dubbed as Jio AirFiber in India after it's biggest competitor Airtel launched the <keyword id="18496570" type="General" weightage="50" keywordseo="xtream-airfiber" source="Orion">Xtream AirFiber</keyword> earlier this month. According to a<a href="https://telecom.economictimes.indiatimes.com/news/industry/jio-may-launch-fwa-device-for-retail-users-at-20-discount-to-mkt-rates/102936037"> report</a> by Economic Times, the Mukesh Ambani-led telco is scheduled to launch the new device during the upcoming festive season and the device will be launched at a price up to 20% less than its competitors. The Airtel Xstream AirFiber was launched with a price tag of INR 2,500 and a 6-month plan for INR 4,435. Going by this, we expect the company’s offering to be priced competitively. Jio is expected to launch the Jio AirFiber at its upcoming annual general meeting (AGM), where it has made huge announcements in the past, including the launch of its 4G and 5G services. “We should hear the announcement during the upcoming AGM (annual general meeting Traditionally, Jio has launched new products with big bang offers and this may be no different,” said a person familiar with the matter. Like its past offerings, the new product is expected to be launched with offers. To recall, the company had offered free 4G services for a few months before its commercial rollout. Jio has reportedly already started testing the device in some cities where its 5G services are fully functional. The devices have reportedly been sent to selected users, including some of the company’s employees for testing. The Jio AirFiber will use different 5G airwaves acquired by the company – 700 MHz, 3300 MHz, and 26GHz. It is to be noted that Jio already has a FWA device for enterprise use, which uses the 26 GHz band. We should know more about the Jio AirFiber in the coming days. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/explained-how-ai-is-being-used-to-for-scams-and-what-you-can-do-to-protect-yourself/articleshow/102937587.cms">Explained: How AI is being used to for scams and what you can do to protect yourself</a> <a href="https://www.businessinsider.in/tech/mobile/news/india-crosses-the-2-billion-mark-in-its-journey-to-become-a-smartphone-manufacturing-powerhouse/articleshow/102760757.cms">India crosses the 2 billion mark in its journey to become a smartphone manufacturing powerhouse</a> <a href="https://www.businessinsider.in/personal-finance/news/how-to-find-unclaimed-bank-deposits-using-udgam-portal/articleshow/102830161.cms">Have unclaimed bank deposits? Here’s how to find it using UDGAM portal</a>

Jio may soon launch a fixed wireless access device to take on Airtel's Xstream AirFiber

Meet Radhika Merchant, Mukesh & Nita Ambani’s youngest daughter-in-law

<keyword id="12792045" type="General" weightage="100" keywordseo="Future-Lifestyle" source="Orion">Future Lifestyle</keyword> Fashions Ltd has received a total claim of Rs 2,155.53 crore from 12 financial creditors in the <keyword id="5961445" type="General" weightage="20" keywordseo="corporate-insolvency-resolution-process" source="Orion">corporate insolvency resolution process</keyword> (CIRP) initiated against this Future group company recently. The resolution professional of the company has provisionally admitted claims of Rs 2,117.03 crore and claims worth Rs 38.5 crore are "under verification", said the latest data shared by Future Lifestyle Fashions Ltd (<keyword id="1567510" type="General" weightage="80" keywordseo="flfl" source="Orion">FLFL</keyword>) on the exchanges. As per the provision of the Insolvency &amp; Bankruptcy Code, a Committee of Creditors (CoC) of FLFL has been formed and it will have its first meeting next week. "We wish to inform you that the first meeting of CoC of Future Lifestyle Fashions Limited (under CIRP) will be held on Tuesday, June 6, 2023," it said. On May 4, the Mumbai bench of the National Company Law Tribunal(NCLT) had directed to initiate CIRP against FLFL, admitting a petition from Bank of India. This is the third company of the <keyword id="6361562" type="General" weightage="50" keywordseo="kishore" source="Orion">Kishore</keyword> Biyani-led Future Group to be dragged into CIRP by its creditors for defaulting on loans. Its flagship firm <keyword id="1636009" type="General" weightage="50" keywordseo="future-retail-ltd" source="Orion">Future Retail Ltd</keyword> and logistics and infra arm Future Enterprises are already facing insolvency proceedings. FLFL was considering asset monetisation to pare its debts, however, it did not materialise. It had entered into a One Time Restructuring (OTR) Plan with lenders also. The company has in-house retail chains Central and Brand Factory, exclusive brand outlets (EBOs) and other multi-brand outlets (MBOs) of nearly a dozen apparel labels, including Lee Copper, Champion, aLL, Indigo Nation, Giovani, John Miller, Scullers, Converse and Urbana in its portfolio. According to the regulatory filing, State Bank of India leads the CoC of FLFL with 22.51 per cent voting share. It had an admitted loan of Rs 476.59 crore. It is followed by Centbank Financial Services Ltd, a debenture trustee, having 21.01 per cent voting share with admitted claims of Rs 444.76 crore. The petitioner Bank of India has a 19.71 per cent voting share with admitted claims of Rs 417.33 crore and Bank of Baroda has a 14.02 per cent voting share with an admission of Rs 296.79 crore of claims. FLFL was part of the 19 group companies operating in retail, wholesale, logistics and warehousing segments, which were supposed to be transferred to <keyword id="58448" type="General" weightage="50" keywordseo="reliance-retail" source="Orion">Reliance Retail</keyword> as part of a Rs 24,713-crore deal announced in August 2020. The deal was called off by billionaire Mukesh Ambani-led Reliance Industries Ltd in April. After that, Future Group companies had several defaults on payments. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/meta-unveils-vr-headset-quest-3-ahead-of-apples-wwdc-event/articleshow/100698048.cms">Meta unveils VR headset 'Quest 3' ahead of Apple’s WWDC event</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/2-in-3-indian-screenwriters-lament-lack-of-pay-incentives/articleshow/100700189.cms">Behind the scenes: 2 in 3 Indian screenwriters lament lack of pay incentives</a>

You Searched For "mukesh ambani meeting" and got 11 results

‘Deeply cared about making India better’: Mukesh Ambani, Gautam Adani, Sundar Pichai and others react to Ratan Tata's death

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Reliance AGM 2024: Company aims to double retail business, Mukesh Ambani says not pursuing short-term profit

BI India Bureau

Reliance AGM 2024 at 2 pm today: What it is, where to watch, and what to expect

Divyanshi Sharma

Rahul Gandhi takes dig at politicians attending Ambani wedding bash while commoners are “dying of hunger”

Ashmita Gupta

Reliance Jio IPO – Mukesh Ambani-led telco might be gearing up for India’s biggest IPO

Sourabh Jain

Reliance to set up carbon fibre facility in Gujarat as Ambani promises 'green growth'

PTI

Jio AirFiber to launch on Ganesh Chaturthi, turbocharge home segment: Mukesh Ambani

Katya Naidu

Inside the Ambani wedding: Details you may have missed, according to a guest who was there all weekend

Maria Noyen

Jio may soon launch a fixed wireless access device to take on Airtel's Xstream AirFiber

Sourabh Jain

Meet Radhika Merchant, Mukesh & Nita Ambani’s youngest daughter-in-law

Future Lifestyle Insolvency: RP receives claims of ₹2,155.53 cr from financial creditors

PTI

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