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Over the past few months, the pre-wedding and wedding-related ceremonies of Radhika Merchant and Anant <keyword id="19898589" type="General" weightage="20" keywordseo="ambani" source="keywords">Ambani</keyword> have been catching everyone's attention. The grand pre-wedding event in Jamnagar was attended by major business tycoons, both national and international, including Gautam Adani and Mark Zuckerberg. Additionally, the entire Indian film industry was present at the event, with stars such as Shahrukh Khan and Ram Charan in attendance. Videos and photos from the event were all over the internet. After that, another four-day event took place aboard a luxury cruise in Italy. Finally, Radhika Merchant and Anant Ambani will get married on July 12 at the <keyword id="20044932" type="General" weightage="20" keywordseo="Jio-World-Convention-Centre" source="keywords">Jio World Convention Centre</keyword> in Mumbai. In line with the pre-event extravaganza, the wedding is also expected to be star-studded, with many famous artists, such as <a href="https://www.businessinsider.in/entertainment/news/adele-drake-and-lana-line-up-to-perform-at-anant-ambani-and-radhika-merchants-wedding-in-mumbai/articleshow/111480856.cms">Adele, Drake, and Lana Del Rey, expected to perform at the wedding</a>. Ahead of the big day, the Mosalu/Mameru ceremony took place at Antilia. <h2>What is <keyword id="22298098" type="General" weightage="20" keywordseo="Mosalu-and-Mameru" source="Orion">Mosalu and Mameru</keyword>?</h2>Mosalu is a traditional <keyword id="22298099" type="General" weightage="20" keywordseo="Gujarati-ceremony" source="Orion">Gujarati ceremony</keyword> celebrated a few days before the wedding. During Mosalu, the groom’s mother’s family brings gifts and blessings for the couple. In this Radhika and Anant Ambani’s wedding, members of Nita Ambani’s family, led by her mother, Purnima Dalal, and her sister, Mamta Dalal, visited the Ambani residence in Mumbai. The groom’s uncles and family presented the bride and groom with a traditional set of gifts called 'Mameru.' This ceremony shows respect for the larger family and includes them in the wedding festivities. <div type="INSTAGRAMURL" thumbUrl="undefined" caption="Caption not available." user="undefined" cmsId="1720170174184"><url><![CDATA[https://www.instagram.com/p/C8-EjqDIEb8/]]></url><permalink><![CDATA[https://www.instagram.com/p/C8-EjqDIEb8/]]></permalink><payload><![CDATA[]]></payload></div>During the ceremony, Radhika Merchant wore a custom Manish Malhotra lehenga with 'Durga-shloka' embroidered on the borders. She paired this beautiful outfit with her mother Shaila Merchant's jewellery. The wedding festivities for Radhika Merchant and Anant Ambani began with the 'Mameru' ceremony at Antilia. Ahead of <keyword id="22298097" type="General" weightage="100" keywordseo="Anant-and-Radhikas-wedding" source="Orion">Anant and Radhika’s wedding</keyword>, Nita and Mukesh Ambani were seen at several places performing various activities. Earlier, the distribution of wedding invites began with Nita Ambani visiting the Kashi Vishwanath Temple to offer the first invitation and seek blessings. The Ambani family also hosted a mass wedding in Thane for underprivileged couples.

A closer look at Mosalu and Mameru ceremonies before Anant and Radhika’s wedding

<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

Anant Ambani and Radhika Merchant's wedding is set to be one of the most iconic wedding bashes of the year. After two luxurious pre-wedding events, the main wedding celebrations will finally happen this week from July 12th to July 14th at the Jio Convention Centre in BKC, Mumbai. The events start on Friday, July 12th, with the main wedding ceremony called Shubh Vivah. On Saturday, July 13th, there will be a ceremony called Shubh Aashirwad to seek blessings for the couple. The celebrations will end on Sunday, July 14th, with a big wedding reception known as the Mangal Utsav. Here’s everything you need to know about the Radhika merchant and Anant <keyword id="6508014" type="General" weightage="20" keywordseo="Ambani-wedding" source="Orion">Ambani wedding</keyword>: <h2>Expected performances</h2>From Rihanna performing at the pre-wedding event in March to Justin Bieber at the Sangeet ceremony, everyone is curious about who will perform at the main wedding festivities. According to media reports, <a href="https://www.businessinsider.in/entertainment/news/adele-drake-and-lana-line-up-to-perform-at-anant-ambani-and-radhika-merchants-wedding-in-mumbai/articleshow/111480856.cms">Adele, Drake, and Lana Del Rey will perform in Mumbai</a> from July 12th to 14th. Additionally, as per Hindustan Times, Indian singers like Sonu Nigam, Shankar Mahadevan, Hariharan, Shreya Ghoshal, and Kaushiki Chakraborty are also expected to perform live at the wedding. They will sing some devotional songs and shlokas as well, including "Shri Krishna Govind Hare Murari" by Sonu Nigam. <h2>Guests list</h2>Mukesh Ambani and family have reportedly invited hundreds of prominent personalities from national and international business, political, and entertainment spaces, including politicians like Mohan Bhagwat, Rahul Gandhi, Sonia Gandhi, Eknath Shinde, the Thackeray family, and Fadnavis; Bollywood stars such as Salman Khan, Shah Rukh Khan, Aamir Khan, Amitabh Bachchan, Ranbir Kapoor, Alia Bhatt, Arjun Kapoor, Janhvi Kapoor, Sidharth Malhotra, Kiara Advani, Shahid Kapoor, Vicky Kaushal, among others. <h2>Food Menu</h2>At the pre-wedding celebrations in Jamnagar, many international dishes were also featured, and they are expected to be part of the wedding menu as well. The wedding menu has a special twist, as Nita Ambani personally chose delicacies from the famous Kaashi Chaat Bhandaar during a recent visit to Varanasi. Guests can look forward to street food favourites like tikki, tomato chaat, palak chaat, chana kachori, and kulfi for dessert. This is just one example of the delicious food. <h2>Traffic advisory issued by Mumbai Police ahead of Wedding</h2>The Mumbai Traffic Police has issued a traffic advisory for those travelling to BKC during the high-profile wedding of Anant Ambani and Radhika Merchant. <div type="twitter" handle="MTPHereToHelp" handlename="MTPHereToHelp" favoritecount="0" retweetcount="0" id="1809236631905247702"></div>“On July 5, 12th to 15th, a social program is being organised at the Jio World Convention Centre, BKC in the Bandra area of Mumbai. In order to avoid inconvenience to the people, vehicular traffic on the road leading towards the Jio Convention Centre needs to be diverted,” Mumbai Traffic Police said in a notification on social media. SEE ALSO: <a href="https://www.businessinsider.in/entertainment/news/a-closer-look-at-mosalu-and-mameru-ceremonies-before-anant-and-radhikas-wedding/articleshow/111510666.cms" data-type="tilCustomLink" target="_blank">A closer look at Mosalu and Mameru ceremonies before Anant and Radhika’s wedding</a>

Anant Ambani - Radhika Merchant wedding: Key details on performances, menu, guest list, and yes, the traffic advisory

Unless in a coma for the past several months, one would have come across the news of Anant Ambani, youngest son of Reliance Industries chairman Mukesh Ambani, getting married to <keyword id="20178843" type="General" weightage="20" keywordseo="Radhika-Merchant" source="keywords">Radhika Merchant</keyword>, daughter of Viren A. Merchant, on July 12 at Mumbai's Jio World Convention Center. The lavish wedding and pre-wedding events, following their engagement last year, drew nationwide attention for its grandeur and the presence of hundreds of celebrities and prominent personalities. Now, reports of the <keyword id="22409157" type="General" weightage="20" keywordseo="luxurious-gifts" source="keywords">luxurious gifts</keyword> given to Anant's close friends are also making waves. As per media reports, Anant Ambani surprised his groomsmen by giving each of them a watch worth ₹2 crore. These expensive <keyword id="22409155" type="General" weightage="20" keywordseo="Audemars-Piguet-watches" source="keywords">Audemars Piguet watches</keyword> are creating a buzz online. Guests are posting videos of the lavish gift hampers that include these elegant watches, showing how grand Anant's gesture was. <div type="image" title="Watches" msid="111733513" hostid="261" caption="&amp;lt;p&amp;gt;Screengrab from a video floating on the internet&amp;lt;/p&amp;gt;"></div>A Reddit post revealed that Anant had ordered a custom set of 25 limited edition Audemars Piguet Royal Oak Perpetual Calendar Luminary Edition watches. Famous recipients included Shah Rukh Khan, Ranveer Singh, Shikhar Pahariya, Veer Pahariya, and Meezaan Jafri, as deduced from social media updates and celebrity interactions. The watch Anant Ambani gifted has a 41 mm pink gold case and is 9.5 mm thick, with a see-through back and a secure crown. It has a pink gold dial with a special pattern, blue counters, pink gold hour markers, and glowing hands. The watch also features a pink gold inner bezel and a self-winding movement that shows the week, day, date, moon phase, month, leap year, and time. While Anant Ambani gifted Audemars Piguet watches to his groomsmen, Reliance employees also received Haldiram Bhujia as a wedding gift. <div type="twitter" handle="the_codewala" handlename="the_codewala" favoritecount="0" retweetcount="0" id="1810972241594863814"></div>Several Reliance employees shared photos and videos on social media of the gift box they received before Anant Ambani and Radhika Merchant's wedding on July 12. The red gift box has gold lettering that says: “With the divine grace of our gods and goddesses, we celebrate the wedding of Anant and Radhika. Best wishes, Nita and Mukesh Ambani.” (With inputs from TOI and Hindustan Times) SEE ALSO: <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" target="_blank">PM Narendra Modi attends Anant Ambani and Radhika Merchant's star-studded wedding event</a> <a href="https://www.businessinsider.in/politics/india/article/rahul-gandhi-takes-dig-at-politicians-attending-ambani-wedding-bash-while-commoners-are-dying-of-hunger/articleshow/111727513.cms" data-type="tilCustomLink" target="_blank">Rahul Gandhi takes dig at politicians attending Ambani wedding bash while commoners are “dying of hunger”</a>

Ambani wedding giveaways: ₹2 Crore Watches for SRK, Ranveer and Groomsmen, Bhujia for Reliance employees

The '<keyword id="22401907" type="General" weightage="20" keywordseo="Shubh-Ashirwad" source="keywords">Shubh Ashirwad</keyword>' ceremony of Anant Amband <keyword id="20178843" type="General" weightage="20" keywordseo="Radhika-Merchant" source="keywords">Radhika Merchant</keyword> witnessed a heartwarming moment between <keyword id="22407509" type="General" weightage="20" keywordseo="Bollywood-legends" source="keywords">Bollywood legends</keyword> <keyword id="19898963" type="General" weightage="100" keywordseo="Amitabh-Bachchan" source="keywords">Amitabh Bachchan</keyword> and <keyword id="19961922" type="General" weightage="20" keywordseo="Rajinikanth" source="keywords">Rajinikanth</keyword>, capturing the essence of camaraderie amidst grandeur. Superstars Amitabh Bachchan and Rajinikanth, two legends of Indian cinema, rekindled their bond at the Jio World Convention Centre in Mumbai during the <keyword id="19961500" type="General" weightage="20" keywordseo="wedding-festivities" source="keywords">wedding festivities</keyword> of <keyword id="20178842" type="General" weightage="20" keywordseo="Anant-Ambani" source="keywords">Anant Ambani</keyword> and Radhika Merchant. Viral photos and videos from the event showcase a poignant moment where Rajinikanth, approached Amitabh Bachchan with the intention of touching his feet as a mark of respect. However, Amitabh Bachchan halted Rajinikanth's gesture and instead embraced him warmly, showcasing their deep mutual respect and friendship. The reunion of Amitabh Bachchan and Rajinikanth holds special significance as they last collaborated 32 years ago in the blockbuster film 'Hum'. Fans have eagerly anticipated their on-screen reunion in the upcoming Tamil movie 'Vettaiyan', further amplifying the excitement surrounding their heartfelt encounter at the <keyword id="6508014" type="General" weightage="20" keywordseo="ambani-wedding" source="Orion">Ambani wedding</keyword>. Anant <keyword id="19898589" type="General" weightage="20" keywordseo="ambani" source="keywords">Ambani</keyword> and Radhika Merchant's wedding festivities have been a spectacle, attended by a constellation of celebrities from Bollywood, business, and international spheres. The 'Shubh Aashirwad' ceremony on July 13 marked another chapter in their lavish celebrations, with prominent personalities like Shah Rukh Khan, Gauri Khan, Salman Khan, Alia Bhatt, and Ranbir Kapoor gracing the occasion. Radhika Merchant, bedecked in exquisite attire designed by Manish Malhotra, continued to captivate with her impeccable style throughout the festivities. Anant and Radhika's wedding celebrations continue with the upcoming 'Mangal Utsav' wedding reception on July 14.

Amitabh Bachchan, Rajinikanth's bonding moment goes viral at Anant-Radhika's 'Shubh Ashirwad' ceremony

Following the much-hyped performance by Rihanna at the pre-wedding event of <keyword id="15914777" type="General" weightage="20" keywordseo="Anant-Ambani-and-Radhika-Merchant" source="Orion">Anant Ambani and Radhika Merchant</keyword> in Jamnagar, the <keyword id="20097729" type="General" weightage="20" keywordseo="Ambani-family" source="keywords" meta.keywordsubtype="org" meta.entityname="Ambani family" meta.hostid="261" meta.entityid="Ambani family">Ambani family</keyword> is once again making headlines. Sources told India Today that there is strong speculation that singers <keyword id="7860" type="General" weightage="20" keywordseo="adele" source="Orion">Adele</keyword>, <keyword id="248848" type="General" weightage="20" keywordseo="drake" source="Orion">Drake</keyword>, and <keyword id="912952" type="General" weightage="20" keywordseo="Lana-Del-Rey" source="Orion">Lana Del Rey</keyword> could be performing at the upcoming wedding event in Mumbai. According to India Today, singers Adele, Drake, and Lana Del Rey might arrive in India to perform at the wedding celebrations scheduled for July 12-14. The publication also mentioned that negotiations are currently underway to secure the dates of these artists for the event. <h2>Wedding events on July 12-14 in Mumbai</h2>Anant and Radhika’s wedding is scheduled to take place at the Jio convention centre in Mumbai, which will commence with an intimate Puja ceremony at Ambani’s residence Antilia. Their wedding spans three days and includes three events: 'Shubh Vivaah' on July 12, 'Shubh Aashirwad' on July 13, and 'Mangal Utsav' (wedding reception) on July 14. The Ambani pre-wedding event at Jamnagar was a star-studded affair, attracting major celebrities from Bollywood and the business world. Among the A-list attendees were business magnates like Meta CEO Mark Zuckerberg and his wife Priscilla Chan, while Bollywood stars like Shah Rukh Khan with his family, Salman Khan, and the power couple Ranveer Singh and Deepika Padukone added to the glamour. Ahead of the main wedding event, Mukesh and Nita Ambani were seen involved in multiple activities. On July 2, they organised a mass wedding for over 50 underprivileged couples from Maharashtra’s Palghar district. The mass wedding was held in the Reliance Corporate Park in Thane, with over 800 guests from the couples’ families.

Adele, Drake, and Lana line up to perform at Anant Ambani and Radhika Merchant's wedding in Mumbai

Mumbai (Maharashtra) [India], April 9 (ANI): Bollywood Superstar <keyword id="19901647" type="General" weightage="20" keywordseo="Salman-Khan" source="keywords">Salman Khan</keyword> was spotted arriving in <keyword id="19974428" type="General" weightage="20" keywordseo="Jamnagar" source="keywords">Jamnagar</keyword>, ahead of the <keyword id="19900058" type="General" weightage="20" keywordseo="birthday-bash" source="keywords">birthday bash</keyword> of <keyword id="20178842" type="General" weightage="20" keywordseo="Anant-Ambani" source="keywords">Anant Ambani</keyword>. The 'Bajrangi Bhaijaan' actor who flew in from Mumbai, was seen sporting his trademark casual look of a black round-neck t-shirt and jeans. Joining Salman were other industry celebrities, including actors Shikhar Pahariya and Meezaan Jafri. All of them were this morning spotted at the Mumbai Airport heading to Jamnagar for the 29th birthday birthday celebrations of the youngest son of industrialist Mukesh Ambon April 10. Incidentally, Jamnagar recently hosted many stars during the lavish pre-wedding festivities of Anant with <keyword id="20178843" type="General" weightage="20" keywordseo="Radhika-Merchant" source="keywords">Radhika Merchant</keyword>. Apart from celebrities from the film industry including Hollywood, the three-day festivities held last month drew in the who's who from different walks of life from across the world. The couple are reportedly set to get married in July this year. Meanwhile, on the work front, Salman was last seen in Tiger 3 co-starring Katrina Kaif and Emraan Hashmi. Helmed by Maneesh Sharma, 'Tiger 3' was released in theatres on November 12, 2023. It is now streaming on Prime Video. The film also starred Katrina Kaif and Emraan Hashmi in the lead roles. Salman is also set to join forces with AR Murugadoss and Sajid Nadiadwala for a very exciting film. Reportedly, he will be next seen in director Vishnuvardhan's upcoming film 'The Bull'. However, an official announcement of the film is still awaited. He also has 'Tiger vs Pathaan' in his kitty with superstar Shah Rukh Khan. (ANI)

Salman Khan lands in Jamnagar for Anant Ambani's birthday bash

<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> has become the world's largest mobile operator in terms of data traffic.</li><li>The total traffic on the <keyword id="2003276" type="General" weightage="20" keywordseo="jio" source="Orion">Jio</keyword> network has reached 40.9 Exabytes, marking a 35.2 per cent year-on-year increase.</li><li>This surge is attributed to the growing adoption of <keyword id="19916120" type="General" weightage="20" keywordseo="5G" source="keywords">5G</keyword> and Home services.</li></ul>Reliance Jio, the telecom giant of India, has become the world's largest mobile operator in terms of data traffic, surpassing <keyword id="20669190" type="General" weightage="20" keywordseo="China-Mobile" source="keywords" meta.keywordsubtype="org" meta.entityname="China Mobile" meta.hostid="261" meta.entityid="China Mobile">China Mobile</keyword>. The announcement came on Monday as Jio revealed its quarterly results, showcasing staggering numbers and milestones achieved in various segments. As of March 2024, Jio boasts a subscriber base of 481.8 million, out of which 108 million subscribers are on Jio's True5G Standalone network. The number reflects Jio's stronghold in the Indian telecom market. According to a press release, the total traffic on the Jio network has reached 40.9 Exabytes, marking a 35.2 per cent year-on-year increase. This surge is attributed to the growing adoption of 5G and Home services. Notably, 28 per cent of the traffic comes from 5G subscribers, indicating a swift transition towards next-generation connectivity. Additionally, Jio's Fixed Wireless Access (FWA) services have contributed significantly to the data traffic. Since the onset of the COVID-19 pandemic, there has been a dramatic 2.4x increase in annual data traffic, with per capita monthly data usage skyrocketing to 28.7 GB from just 13.3 GB three years ago. This surge underscores the growing reliance on digital connectivity in India. Commenting on the results, <keyword id="3820" type="General" weightage="20" keywordseo="Mukesh-Ambani" source="Orion">Mukesh Ambani</keyword>, Chairman and Managing Director of Reliance Industries Limited, expressed his satisfaction with the company's performance and its contribution to the Indian economy. He highlighted the significant achievements, including becoming the first Indian company to cross the Rs 100,000-crore threshold in pre-tax profits. Ambani said, "Initiatives across RIL's businesses have made a remarkable contribution towards fostering growth of various sectors of the Indian economy. It is heartening to note that alongside strengthening the national economy, all segments have posted a robust financial and operating performance. This has helped the Company achieve multiple milestones. I am happy to share that this year, Reliance became the first Indian company to cross the Rs 100,000-crore threshold in pre-tax profits." Ambani also emphasized Jio's role in driving the digital transformation in India, from upgrading 2G users to smartphones to leading the effort in producing AI-driven solutions. He noted, "With over 108 million True 5G customers, Jio truly leads the 5G transformation in India. From upgrading the hitherto 2G users to smartphones, to leading the effort of producing AI-driven solutions, Jio has proved its capability in strengthening the nation's digital infrastructure." He reiterated Jio's commitment to strengthening the nation's digital infrastructure and its continued efforts to provide innovative solutions to consumers. The company's retail arm, Reliance Retail, also showed robust growth, with a 36 per cent increase in footfalls and strong digital commerce platforms offering a broad brand catalogue. "Reliance Retail continued to provide customers endless choices through its robust omni-channel presence. We continue to offer product differentiation and superior offline experience through stores remodelling and revamping of layouts. Our digital commerce platforms also provide newer solutions to users with a broad brand catalogue. Reliance Retail also works towards strengthening millions of merchants through its unique initiatives in new commerce space", said Ambani. In addition to its telecom and retail segments, Reliance Industries Limited has shown resilience in its Oil to Chemicals (O2C) segment, despite challenging market conditions. The KG-D6 block has achieved significant production milestones, accounting for 30 per cent of India's domestic gas production. Ambani emphasised, "Strong demand for fuels globally, and limited flexibility in refining system worldwide, supported margins and profitability of the O2C segment. Downstream chemical industry experienced increasingly challenging market conditions through the year." He added, "Despite headwinds, maintaining leading product positions and feedstock flexibility through our operating model that prioritises cost management, we delivered a resilient performance. The KG-D6 block has achieved 30 MMSCMD of production and now accounts for 30 per cent of India's domestic gas production." In terms of financial performance, Reliance Jio has achieved several remarkable milestones. The consolidated EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) at Rs 178,677 crore, while the consolidated Profit Before Tax (PBT) has surpassed Rs 100,000 crore. The company's market capitalization has crossed Rs 20,00,000 crore, further solidifying its position as one of India's most valuable companies. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-8a-may-be-more-expensive-than-its-predecessor-as-per-a-new-leak/articleshow/109499394.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-8a-may-be-more-expensive-than-its-predecessor-as-per-a-new-leak/articleshow/109499394.cms" target="_blank">Google Pixel 8a may be more expensive than its predecessor, as per a new leak</a><a href="https://www.businessinsider.in/stock-market/news/vodafone-idea-fpo-allotment-how-to-check-allotment-gmp-and-more/articleshow/109504341.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/vodafone-idea-fpo-allotment-how-to-check-allotment-gmp-and-more/articleshow/109504341.cms" target="_blank">Vodafone Idea FPO allotment – How to check allotment, GMP and more</a><a href="https://www.businessinsider.in/business/telecom/news/telecom-companies-may-hike-tariffs-by-up-to-17-after-the-general-elections-as-per-analysts/articleshow/109240274.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/telecom/news/telecom-companies-may-hike-tariffs-by-up-to-17-after-the-general-elections-as-per-analysts/articleshow/109240274.cms" target="_blank">Telecom companies may hike tariffs by up to 17% after the general elections, predict analysts</a>

Reliance Jio emerges as World's largest mobile operator in data traffic, surpassing China mobile

<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> on Monday reported an almost flat March quarter net profit, while its annual earnings hit a record high on the back of a recovery in its core oil and petrochemicals business and sustained momentum across the consumer-facing telecom and retail businesses. The oil-to-telecom-and-retail conglomerate's consolidated net profit stood at Rs 18,951 crore, or Rs 28.01 per share, in January-March quarter of the 2023-24 fiscal compared to Rs 19,299 crore, or Rs 28.52 a share, a year ago, according to a company's stock exchange filing. The profit was, however, higher quarter-on-quarter when compared to Rs 17,265 crore in October-December period. For the full fiscal FY24 (April 2023 to March 2024), Reliance posted a record net profit of Rs 69,621 crore as compared to Rs 66,702 crore earnings in the preceding financial year. Reliance also became the first Indian company to hit Rs 10 lakh crore turnover in FY24 when revenue from operations rose 2.6 per cent from Rs 9.74 lakh crore in 2022-23. The oil-to-chemicals (O2C) business, the main milch cow, posted a rise in profitability annually as well as sequentially, while retail business' earnings rose on new store openings despite lower footfalls. The firm helmed by billionaire <keyword id="19916798" type="General" weightage="20" keywordseo="Mukesh-Ambani" source="keywords">Mukesh Ambani</keyword> saw telecom revenues soar as it outpaced competition in subscriber addition and data traffic. While quarterly EBITDA (earnings before interest, taxes, depreciation, and amortization) was up 14.3 per cent year-on-year to Rs 47,150 crore, registering growth across all businesses, the revenue from operations rose almost 11 per cent to Rs 2.64 lakh crore. The mainstay oil refining and petrochemicals business, called O2C, posted a 11 per cent rise in revenue and a 3 per cent higher EBITDA at Rs 16,777 crore in Q4. This was primarily because of "advantageous" sourcing of feedstock (crude oil) for refining business and use of ethane for making chemicals as well as higher domestic product placement, a company statement said, adding exports were down 8.5 per cent. With the consumer base swelling to 481.8 million from 470.9 million at the end of December on a flat per-user revenues of Rs 181.7, Reliance <keyword id="21397660" type="General" weightage="20" keywordseo="Jio-Infocomm-Ltd" source="keywords" meta.keywordsubtype="org" meta.entityname="Jio Infocomm Ltd" meta.hostid="261" meta.entityid="Jio Infocomm Ltd">Jio Infocomm Ltd</keyword> - the digital services business - posted a 12 per cent rise in net profit at Rs 5,583 crore in the fourth quarter of FY24. Also, aiding the business was rise in data traffic to 40.9 billion GB in January-March from 38.1 billion GB in the preceding quarter. For the full year, Jio posted a profit of Rs 21,424 crore as compared to Rs 19,124 crore in FY23. Profits from the retail business climbed 11.7 per cent to Rs 2,698 crore as store count rose to 18,836 from 18,774. Store footfalls dropped to 272 million from 282 million in October-December 2023 but were higher than 219 million recorded in January-March 2023. Oil and gas EBITDA soared 47.5 per cent to Rs 5,606 crore as higher gas volumes partly offset lower price realisation. The firm's flagship KG-D6 block in Krishna Godavari basin in the Bay of Bengal is now producing about 30 million standard cubic metres per day of gas and 23,000 barrels a day of oil/condensate. The company said its outstanding debt rose to Rs 3.24 lakh crore from Rs 3.11 lakh crore in December-end. After accounting for cash in hand, net debt at Rs 1.16 lakh crore as on March 31 was lower than Rs 1.25 lakh crore a year back. Mukesh Ambani, Chairman and Managing Director of <keyword id="20076630" type="General" weightage="20" keywordseo="reliance-industries-limited" source="keywords">Reliance Industries Limited</keyword>, said all segments of business have posted a robust financial and operating performance. "This has helped the Company achieve multiple milestones. I am happy to share that this year, Reliance became the first Indian company to cross the Rs 1 lakh-crore threshold in pre-tax profits," he said. Performance of the digital services segment has been boosted by accelerated expansion of subscriber base, supported by both mobility and fixed wireless services, he said. "With over 108 million True 5G customers, Jio truly leads the 5G transformation in India." <keyword id="19901342" type="General" weightage="20" keywordseo="reliance-retail" source="keywords">Reliance Retail</keyword>, he said, continued to provide customers endless choices through its robust omni-channel presence. "We continue to offer product differentiation and superior offline experience through stores re-modelling and revamping of layouts. Our digital commerce platforms also provide newer solutions to users with a broad brand catalogue," Ambani said. Strong demand for fuels globally, and limited flexibility in refining system worldwide supported margins and profitability of the O2C segment. "Downstream chemical industry experienced increasingly challenging market conditions through the year. Despite headwinds, maintaining leading product positions and feedstock flexibility through our operating model that prioritises cost management, we delivered a resilient performance," he said. "We remain committed to our projects and initiatives, including those in the new energy segment, which will bolster the company, and help it deliver sustainable growth for the future," he added. 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Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹69,621 crore

The competition between <keyword id="19929098" type="General" weightage="20" keywordseo="Gautam-Adani" source="keywords">Gautam Adani</keyword> and <keyword id="19916798" type="General" weightage="20" keywordseo="Mukesh-Ambani" source="keywords">Mukesh Ambani</keyword> for the title of <keyword id="1919738" type="General" weightage="20" keywordseo="Indias-richest-person" source="Orion">India's richest person</keyword> has navigated a rollercoaster of fortunes. Their rivalry isn't merely a headline-grabbing feud, but a significant force shaping the Indian economic landscape. As of mid-August, Ambani remains the <keyword id="7413735" type="General" weightage="20" keywordseo="richest-person-in-India" source="Orion">richest person in India</keyword>. He is ranked 11th among the world's wealthiest individuals by Forbes, with a net worth of around $113 billion. On the other hand, Adani's net worth has fallen to approximately $84 billion, placing him 20th on Forbes’ real-time global list. Gautam Adani, chairman of the $32 billion (revenue) Adani Group, has witnessed a journey marked by dramatic ups and downs. In 2022, he soared to the rank of the world's second-richest individual before encountering a severe downturn. Allegations of corporate fraud by Hindenburg Research triggered a substantial sell-off in his company's stocks in 2023. Yet, Adani's determined recovery—focused on debt management and core business strengths—has paved the way for a remarkable rebound. By 2024, Adani group's shares also recovered substantially after India's Supreme Court ruled in the group's favour. Meanwhile, Mukesh Ambani—chairman and managing director at the $110 billion (revenue) Reliance Industries—has also experienced some fluctuations in his wealth and business activities this year. However, 2024 has been marked mainly by his personal milestones. The high-profile wedding of his younger son Anant Ambani with Radhika Merchant was attended by some of the most well-known celebrities and figures in the world, highlighting Ambani family's prominence in both business and social spheres. <cmsannotation type="cmsannotation" annotationid="Implications of Adani vs Ambani for the Indian economy" comment="subhead" text="Implications of Adani vs Ambani for the Indian economy">Implications of <keyword id="13480269" type="General" weightage="100" keywordseo="Adani-vs-Ambani" source="Orion">Adani vs Ambani</keyword> for the <keyword id="6356076" type="General" weightage="20" keywordseo="Indian-economy" source="Orion">Indian economy</keyword></cmsannotation> The ongoing competition between Ambani and Adani is not just a personal battle; it has broader implications for the Indian economy. Firstly, heightened competition between these business giants is likely to benefit consumers by driving improvements in pricing and services within sectors they both dominate, including telecommunications, retail and renewable energy. Additionally, as their enterprises grow, they are expected to generate a significant number of job opportunities across diverse fields. This competitive dynamic also fosters a climate of innovation, as both conglomerates invest heavily in emerging technologies and sustainable practices, thereby bolstering India's position as a leader in these areas. Both billionaires represent different paths to success, with Ambani's legacy-driven approach contrasting with Adani's entrepreneurial journey, underscoring the diverse opportunities within the Indian economy. The ongoing race between Mukesh Ambani and Gautam Adani epitomises the dynamic nature of wealth creation in India. With Adani currently in the lead, the competition promises to continue shaping economic trends and consumer experiences in the country.

Adani vs Ambani: Mukesh Ambani has overtaken Gautam Adani in race to become richest person in India

Heart overflowing with happiness: Ambani gets emotional as next-gen gets on-board

Jamnagar (Gujarat) [India], February 28 (ANI): The pre-wedding festivities of Reliance Industries Chairman Mukesh <keyword id="19898589" type="General" weightage="20" keywordseo="ambani" source="keywords">Ambani</keyword>'s youngest son Anant Ambani, who is set to tie the knot with industrialist Viren Merchant's daughter, Radhika Merchant, have started with 'anna seva'. At Jogwad village near Reliance Township in Jamnagar, Mukesh Ambani, Anant Amband other members of the Ambani family, including Radhika Merchant, served traditional Gujarati food to the villagers. Radhika's maternal grandmother and parents - Viren and Shaila Merchant - also took part in the 'anna seva'. Food will be served to about 51,000 local residents, which will continue for the next few days. The Ambani family has organized 'anna seva' to seek the blessings of the local community for the pre-wedding celebrations of Anant Ambani and Radhika Merchant. After the meal, the attendees enjoyed traditional folk music. Famous Gujarati singer Kirtidan Gadhvi stole the show with his singing. Sharing food is an old tradition in the Ambani family. The Ambani family has been serving food on auspicious family occasions. When the country was grappling with coronavirus pandemic, Reliance Foundation, under the leadership of Anant Ambani's mother Nita Ambani, ran a large food distribution programme. Taking forward the family tradition, Anant Ambani has started his pre-wedding functions with anna seva. The pre-wedding functions are expected to be traditional and grand. Guests will get to experience the beauty of Indian culture at the pre-wedding festivities. The guests at the occasion will receive traditional scarves made by women artisans from Kachchh and Lalpur in Gujarat. Qatar Prime Minister Mohammed bin Abdulrahman bin Jassim Al Thani, Queen of Bhutan Jetsun Pema, Meta CEO Mark Zuckerberg, Adobe CEO Shantanu Narayen, and Saudi Aramco Chairperson Yasir Al Rumayyan are among those invited for the celebrations scheduled between March 1-3. The guest list also includes former Prime Minister of Sweden Carl Bildt, former Prime Minister of Canada Stephen Harper, President of Google Donald Harrison, former President of Bolivia President Jorge Quiroga, former Prime Minister of Australia Kevin Rudd and Chairperson World Economic Forum Klaus Schwab. CEO and MD ADNOC Dr Sultan Al Jaber, CEO bp Murray Auchincloss, Chairman and Founder Colony Capital <keyword id="20770673" type="General" weightage="20" keywordseo="thomas-barrack" source="keywords">Thomas Barrack</keyword>, , CEO JC2 Ventures John Chambers, former CEO bp Bob Dudley, President of Global Development at BMGF Christopher Elias, Executive Chairman at Exor John Elkann, and CEO of Endeavor Ari Emanuel are also expected to be in Jamnagar next month. Chairman and CEO BlackRock Larry Fink, CEO Brookfield Asset Management Bruce Flatt, Co-chair Board member BMGF Bill Gates, COO BlackRock Rob L Goldstein, Managing Director Morgan Stanley Michael Grimes, Chairman Hilton &amp; Hyland Richard Hilton, Vice Chairman Berkshire Hathway Ajit Jain, Board Member Mandarin Oriental Archie Keswick, Scientist Dr Richard Klausner, Businessman Jared Kushner, Founder <keyword id="20626887" type="General" weightage="20" keywordseo="thrive-capital" source="keywords">Thrive Capital</keyword> Joshua Kushner, Former CEO bp Bernard Looney, Former Governor Businessman Terry McAuliffe, Scientist and Entrepreneur <keyword id="20770671" type="General" weightage="20" keywordseo="yuri-milner" source="keywords">Yuri Milner</keyword>, Founder and CEO Lupa Systems James Murdoch, President and CEO Aramco Amin H Nasser, Founder NV Investments <keyword id="20770672" type="General" weightage="20" keywordseo="vivi-nevo" source="keywords">Vivi Nevo</keyword>, Former Dean Harvard Business School Nitin Nohria, COO Meta Javier Olivan, Vice Chairman Bank of America Purna Saggurti, , Founder and CEO Steel Perlot Michelle Ritter, Founder Schmidt Futures Eric Schmidt, Founding and Managing Partner Sherpalo Ram Shriram, CEO Sanmina Corp Jure Sola, CEO Enterprise GP Jim Teague, Group Chairman HSBC Holdings Plc Mark Tucker, and journalist Fareed Zakaria are among some of the other expected guests. Recently, Reliance Foundation posted a video on their Instagram handle in which women from Gujarat can be seen curating Bandhani scarves for the wedding functions of Anant and Radhika. In the clip, one can also see Nita Ambani, the founder and chairperson of Reliance Foundation, meeting the artisans and expressing her happiness for their hard work. "These women pour their hearts and souls into the craft, preserving age-old techniques and breathing life into stories as ancient as the land itself. Swadesh is empowering communities and preserving age-old craftsmanship," Reliance Foundation captioned the post. Ushering in the much-awaited wedding, the Ambani family has also facilitated the construction of new temples within a sprawling temple complex in Jamnagar, Gujarat. Featuring intricately carved pillars, sculptures of Gods and Goddesses, fresco-style paintings, and architecture inspired by generations of artistic heritage, the temple complex keeps India's rich cultural and spiritual identity at the heart of the wedding festivities. Brought to life by master sculptors, the temple art employs age-old techniques and traditions. The initiative highlights the incredible skills of local artisans, reflecting Nita Ambani's vision of preserving and promoting Indian heritage, tradition and culture. Anant and Radhika got engaged in a traditional ceremony in January 2023 at the family's residence Antilia in Mumbai. Isha Ambani, Akash Ambani and Anant Ambani, the three children of Mukesh-Nita Ambani, have been closely involved with and are leading and managing key businesses of RIL over the last few years including retail, digital services and energy and materials businesses. They also serve on the boards of the key subsidiaries of Reliance Industries. While Isha M Ambani has been driving the expansion of Reliance Retail, Akash M. Ambani is serving as the Chairman of Reliance Jio Infocomm Limited (RJIL) since June 2022 and Anant M Ambani is driving the expansion of energy and materials businesses of Reliance Industries. Isha and Akash got married in 2018 and 2019, respectively. Anant Ambani is also involved with several compassionate initiatives to rehabilitate at-risk animals and provide them care and dignity in their residual life. Reliance Industries and Reliance Foundation this Monday launched Vantara, a paradigm-shifting initiative for animal welfare in the heart of Gujarat's green belt. Vantara (Star of the Forest), an ambitious programme is dedicated to the rescue, treatment, care, and rehabilitation of animals in need. (ANI)

Anant Ambani, Radhika Merchant's pre-wedding celebrations begin with 'anna seva'

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>

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