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<ul><li> As many as 1.5 lakh of these employees were hired by Reliance Retail, the retail arm of RIL.</li><li>It claims that Reliance Retail is one of the biggest employers in India, with over 361,000 employees in total.</li><li>Reliance spent close to ₹18,775 crore ($2.4 billion) on employee benefits expense in FY2022.</li></ul>The Mukesh Ambani-led oil-to-chemical conglomerate Reliance Industries Limited (RIL) added over 2.1 lakh new employees on its payroll in the fiscal year 2022, the company said in a statement. As many as 1.5 lakh of these employees were hired by Reliance Retail, the retail arm of RIL. The company now claims that Reliance Retail is one of the biggest employers in India, with over 361,000 employees in total. “During the year, Reliance has also been able to generate significant employment opportunities for the people of our country and continues to remain amongst India’s largest private sector employers,” said RIL chairman Mukesh Ambani. “Over the past year, we added over 2.1 lakh new employees across our businesses with our consumer and technology business creating a large part of these new jobs,” he added. Reliance Industries Limited, on a consolidated basis, spent close to ₹18,775 crore or $2.4 billion on employee benefits expense between April 2021 and March 2022. This represents an increase of nearly ₹4,000 crore compared to the same time period in the previous year. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Timeline </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Employee benefits expense </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Oct-Dec 2021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,660 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jan-Mar 2022 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5,278 crore </td></tr></tbody><tbody></tbody></table>Source: Reliance Industries Limited (RIL) Reliance Industries Limited reported gross revenue of ₹792,756 crore (about $105 billion) in gross revenue in the fiscal year 2022. Its net profit stood at ₹67.845 crore in the same time frame. On a quarterly basis, the company reported ₹2.32 lakh crore )$30.7 billion) in revenue. The company reported a net profit of ₹18,021 crore ($2.4 billion) in January-March quarter, which is equivalent to the amount Reliance spent on employee benefits last fiscal year. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/retail/news/reliance-retail-hits-2-lakh-crore-in-revenue-adds-over-2500-stores-in-the-last-one-year/articleshow/91381054.cms">Reliance Retail hits ₹2 lakh crore in revenue, adds over 2,500 stores in the last one year</a> <a href="https://www.businessinsider.in/business/corporates/news/zomatos-deepinder-goyal-donates-stock-option-worth-700-crore-to-zomato-future-foundation/articleshow/91371003.cms" data-type="tilCustomLink">Deepinder Goyal donates his Zomato stock options worth ₹700 crore to offer free education for delivery partners’ children and more</a> <a href="https://www.businessinsider.in/stock-market/news/delhivery-ipo-size-cut-down-by-a-third-due-to-market-volatility-and-lic-ipo-say-analysts/articleshow/91348072.cms">Delhivery IPO size cut down by a third due to market volatility and LIC IPO, say analysts</a>

Reliance adds over 2 lakh new jobs in India in FY22 – every 3 out of 4 new jobs are from retail alone

NEW DELHI: Stating that Reliance Jio will cover around 5,000 towns and 2.5 lakh villages in the initial phase, <keyword id="6484187" type="CITY" weightage="40" keywordseo="RIL">RIL</keyword> Chairman <keyword id="523543" type="PERSON" weightage="100" keywordseo="Mukhesh-Ambani">Mukhesh Ambani</keyword> on Wednesday said, "Reliance Jio will be RIL's most transformational business." 
 
Ambani said that the company may rollout 4G broadband services in the coming months. "Limited field trials for broadband are already ongoing. We plan to have a phased launch of broadband operations from 2015." "Rs 70,000 crore is being invested in 4G broadband," he added. 
 Addressing RIL's 40th AGM, Ambani said that the company aims to become a Fortune 50 company in the next 2-3 years. "<keyword id="6355199" type="CITY" weightage="40" keywordseo="Reliance-Industries">Reliance Industries</keyword> will <keyword id="47916" type="UNKNOWN" weightage="40" keywordseo="invest">invest</keyword> Rs 1,80,000 crore in next three years," he said. 
 
"Market-based gas prices are key to developing RIL's energy resources," he said. "We are looking to expand international presence beyond US. We are evaluating opportunities to expand presence in Venezuela," he added. 
 
On the issue of gas price hike, Ambani said, "RIL is facing ill-informed campaign against gas price hike. We will endeavour to work with government to resolve issues of KG-D6 production." "Efforts being made to maximise production from KG-D6 wells. We are assessing the potential of new gas discoveries in India," Ambani added. 
 
Speaking about RIL's retail business, Ambani said, "We are confident of doubling retail business every 3-4 years. Retail will emerge as a major growth engine for consumer business." "Reliance Retail is India's largest retailer by revenues. We have 1,691 Reliance Retail stores across 146 cities in India," he said. 
 
Ambani said that Jio, a Rs 70,000-crore investment business, will be one of the largest job and wealth creators. He added that the company already directly employed over 10,000 staff, and some 30,000 from partners and vendors. 
 
Another 100,000 people from digital infrastructure vendors to Jio are engaged in laying down the digital back bone, or fibre optic network, country wide.

Reliance Jio 4G From 2015; RIL Aims To Be Fortune 50 Company: Mukesh Ambani At AGM

<ul><li><keyword id="3820" type="General" weightage="50" keywordseo="mukesh-ambani" source="Orion">Mukesh Ambani</keyword>, Chairman and Managing Director, Reliance Industries Limited (RIL), stated at the <keyword id="883323" type="General" weightage="50" keywordseo="reliance-family" source="Orion">Reliance Family</keyword> Day Event that the next big cycle of growth in Reliance will not be Resource-driven but Innovation Driven. </li><li><keyword id="10924" type="General" weightage="100" keywordseo="ambani" source="Orion">Ambani</keyword> also added that Jio's 5G deployment will be complete in 2023. </li><li>Providing unique digital products and solutions to both domestic and international markets is the next big opportunity for India, according to Mukesh Ambani. </li></ul>Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited (RIL) said on Thursday that Reliance has begun implementing two important tasks of empowering young leadership and young talent. Speaking at the Reliance Family Day event, Ambani said, "First, we are empowering Reliance with new Leadership Capital especially with Young Leadership. Second, we are enriching Reliance with new Talent Capital again, with Young Talent." "I would like our leaders to accelerate this process throughout the organisation. All of us must realise that the next big cycle of growth in Reliance will not be Resource-driven but Innovation Driven", Ambani said. "Acutely aware of this opportunity and responsibility, Reliance has embarked on a journey of comprehensive self-transformation. The end of 2022 is when Reliance will have crossed the half-way mark of its Golden Decade. In five years from now, Reliance will complete its fifty years", Ambani said. "Under Akash's Chairmanship, Jio is rolling out the world's best 5G network across India at a pace, which is faster than anywhere in the world. Jio's 5G deployment will be complete in 2023", Ambani said. But Jio Platforms should now get ready for India's next big opportunity - to provide unique digital products and solutions to both domestic and international markets, he added. "Under Isha, our Retail business has grown rapidly. It has emerged as one with the widest and deepest reach in India, across all product baskets. Most significantly, <keyword id="58448" type="General" weightage="50" keywordseo="reliance-retail" source="Orion">Reliance Retail</keyword> has created over two lakh new jobs last year, becoming one of India's leading employers", Ambani said. "With Anant joining this upcoming Next-Gen business, we are making rapid progress in getting our Giga Factories in Jamnagar ready. From being India's largest and most valuable corporate, Reliance is now well on its way to also becoming India's 'Greenest' corporate", Ambani said. "2023 will also be a Year of Renewal and Revitalisation for Reliance Foundation. Under Nita's inspiring leadership, Reliance Foundation is working on even more ambitious new initiatives in education, healthcare, sports, women's empowerment and ecological conservation", Ambani added. "Today we have come together to celebrate Reliance Family Day to pay homage to our Founding Chairman <keyword id="5181595" type="General" weightage="50" keywordseo="shri-dhirubhai-ambani" source="Orion">Shri Dhirubhai Ambani</keyword> and to revel in the spirit of togetherness and oneness as one large Reliance Family...Dhirubhai's Family", Ambani said. "Years will roll. Decades will pass. Reliance will continue to grow bigger and bigger, Like the proverbial Banyan Tree", Ambani said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/most-booked-destinations-in-2022-as-per-oyo/articleshow/96588574.cms">Hyderabad, Texas, Bandung and London among most-booked destinations in 2022, as per OYO</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/indian-american-it-professional-convicted-of-making-illicit-profits-worth-7-3-mn/articleshow/96586256.cms">Indian-American IT professional convicted of making illicit profits worth $7.3 mn</a>

Years will roll, decades will pass and RIL will grow like a banyan tree: Mukesh Ambani

<ul><li>The fortune of India’s richest man has swelled to $74.7 billion. </li><li><keyword id="10924" type="PERSON" weightage="20" keywordseo="Ambani">Ambani</keyword> is wealthier than several American business tycoons including Warren Buffett, Larry Ellison and Elon Musk, according to Forbes. </li><li>Just today, he has added $2.9 billion to his net worth. </li><li>Shares of Ambani led-Reliance Industries (RIL) surged to a new high on July 22, as they crossed the ₹2,000-mark for the first time </li></ul>There’s no stopping the money rush! Indian businessman Mukesh Ambani<a href="https://www.forbes.com/real-time-billionaires/#2e1acf463d78"> has become the fifth richest person </a>in the world with a fortune of $74.7 billion in his coffers. He is wealthier than American business tycoons including Warren Buffett, Larry Ellison and Elon Musk, according to Forbes. The recent rally in Reliance’s share price has added to Ambani’s wealth. Just today, he has added $2.9 billion to his net worth. Shares of Ambani led-Reliance Industries (RIL)<a href="https://www.cnbctv18.com/market/stocks/reliance-industries-shares-hit-rs-2000-mark-up-130-from-march-lows-6410811.htm"> surged to a new high on July 22, as they crossed the ₹2,000-mark for the first time</a>. RIL shares touched an all-time high of Rs 2,010 per share. In the past three months, RIL's stock price has grown around 48%. <div type="image" title="RIL Share Price" msid="77105958" hostid="261"></div> A week ago, Mukesh Ambani was on his course to become the fifth richest man but he <a href="https://www.businessinsider.in/business/news/mukesh-ambani-loses-over-2-billion-and-drops-down-four-places-in-the-billionaires-list-thats-how-important-the-ril-aramco-deal-is/articleshow/76992950.cms">lost about $2 billion dollars in a single day</a> after Reliance’s share fell by over 6% following an annual general meeting. <div type="Article" hostid="261" msid="76992941" title="JioPhone is Google and Ambani's second go at launching a smartphone — this time with help from Qualcomm" mstype="2" mssubtype="0"></div> Top 10 richest people in the world, as of July 22, according to Forbes <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jeff Bezos </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$185.8 Billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bill Gates </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$113.1 Billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bernard Arnault and family </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$112 Billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mark Zuckerberg </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$89 Billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mukesh Ambani </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$74.7 Billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Warren Buffet </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$72.7 Billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Larry Ellison </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$72.7 Billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Elon Musk </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$71.6 Billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Steve Ballmer </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$71.4 Billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Larry Page </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$69.4 Billion </td></tr></tbody></table> The reason behind this sudden surge in Ambani’s wealth since April is because his three-year-old telecom arm <a href="https://www.businessinsider.in/business/news/akash-ambani-was-the-one-to-choose-facebook-the-next-big-investments-for-reliance-jio-and-the-ideas-sold-to-investors/articleshow/76316650.cms">Reliance Jio has raised more than $20 billion in the last four months </a>from <a href="https://www.businessinsider.in/tech/news/google-may-put-4-billion-into-indias-reliance-jio-months-after-facebook-invested-5-7-billion/articleshow/76957941.cms">Google</a>, Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, Saudi PIF (Public Investment Fund) and more. READ ALSO: <a href="https://www.businessinsider.in/business/news/mukesh-ambani-owned-reliance-jio-compared-to-alibaba-and-tencent/articleshow/77059624.cms">If Alibaba and Tencent are rolled into one, it may look a lot like Mukesh Ambani’s Reliance Jio ⁠— only much smaller for now</a> Jio is <a href="https://www.businessinsider.in/tech/mobile/news/jio-google-qualcomm-deal-for-new-4g-smartphone-jiophone/articleshow/76992941.cms">now planning to work on a new smartphone</a> for the Indian market. Backed by the likes of Qualcomm and Google, Jio’s smartphone may emerge as a serious threat to the Chinese peers like Xiaomi, Vivo and Oppo who dominate India’s smartphone market. In the last decade, Ambani <a href="https://www.businessinsider.in/thelife/personalities/news/mukesh-ambani-is-now-richer-than-elon-musk-and-google-founders-larry-page-and-sergey-brin/articleshow/76955217.cms">has doubled his wealth and in 2020</a>, as India’s richest are losing money, Ambani is gaining more. According to Bloomberg, Ambani is slowly shifting his focus from energy to e-commerce. The next wave of growth and value for Ambani and Reliance’s shareholders i<a href="https://www.businessinsider.in/business/news/mukesh-ambani-next-goal-seems-to-be-the-retail-king-of-india/articleshow/76953716.cms">s likely from the retail vertical.</a> Reliance Retail is already the country’s largest chain and is now likely to get even bigger, as Asia’s richest man focuses on becoming India’s retail king. SEE ALSO: <a href="https://www.businessinsider.in/thelife/news/9-mind-blowing-facts-that-show-just-how-wealthy-mukesh-ambani-the-richest-person-in-asia-really-is/articleshow/73671508.cms">9 mind-blowing facts that show just how wealthy Mukesh Ambani, the richest person in Asia, really is</a> <a href="https://www.businessinsider.in/science/health/news/coovid-vaccine-from-oxford-serum-institute-and-astrazeneca-shows-promising-immune-response/articleshow/77069321.cms">The COVID-19 vaccine from Oxford and AstraZeneca shows 'promising' results in early human trials</a> <a href="https://www.businessinsider.in/careers/news/from-intel-and-wipro-to-tcs-and-google-here-are-the-top-job-openings-in-the-multinational-companies/articleshow/77058769.cms">From Intel and Wipro to TCS and Google— Here are the top job openings in the multinational companies</a>

Mukesh Ambani is now the fifth richest person in the world, according to Forbes

<ul><li>Telecom companies may axe an additional 75,000 <keyword id="11018" type="COMPANY" weightage="20" keywordseo="Jobs">jobs</keyword> this financial year, say reports.</li><li>Industry consolidation and newer technologies have put several job functions at risk while creating some new opportunities. </li><li>Telco <keyword id="17408" type="DOMAIN" weightage="20" keywordseo="infrastructure">infrastructure</keyword>, <keyword id="87998" type="PERSON" weightage="20" keywordseo="Retail-sales">retail sales</keyword>, customer support among job functions that will see maximum impact.</li></ul>The heated competition over cheap voice and data plans in <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword>’s <keyword id="34981" type="ORGANIZATION" weightage="20" keywordseo="telecom-sector">telecom sector</keyword> may have been a boon for customers, but they could lead to tens of thousands of people working in the industry getting the axe. The telecom sector could see 75,000 job cuts by the end of this financial year, according to one <a href="https://economictimes.indiatimes.com/industry/telecom/telecom-news/telecom-sector-may-cut-over-60000-jobs/articleshow/66324949.cms">report</a>, with most layoffs expected in the financial and customer support segments. <a href="https://www.financialexpress.com/industry/90000-job-cuts-expected-in-telecom-sector-this-year-heres-why/1149494/">Another study</a> has pegged the job cuts at a whopping 90,000, with potential casualties across telecom retail sales, customer support, business and operations and infrastructure segments. This is in addition to an estimated 50,000 to 70,000 job cuts that have already taken place since 2016, according to <a href="https://www.financialexpress.com/jobs/heavy-job-losses-of-up-to-75000-to-in-telecom-sector-due-to-ma-but-reliance-jio-continues-to-hire-big/1324045/">Financial Express</a>. For the six months alone ending September, an estimated 15,000 to 20,000 jobs were axed, ET mentioned in a recent report. Industry competition and consolidation The telecom sector has been in the midst of a massive shakeup since <keyword id="10926" type="DOMAIN" weightage="20" keywordseo="Reliance">Reliance</keyword> Jio’s entry into the space over two years ago, which unleashed dramatic price cuts and forced many incumbents to slash tariffs to keep customers and revenues from slipping. Indian telcos had made the <a href="https://www.firstpost.com/business/job-cuts-in-telecom-sector-narendra-modi-government-promises-to-re-train-redeploy-those-sacked-by-telcos-4474043.html">majority </a>of their revenues (70%) from voice calls before Jio entered the market offering free voice plans and cheap data, and that meant - many customers from rival companies defected to the new entrant. Following Jio’s competitive play, several key industry players have also merged or acquired smaller players, which has led to ongoing industry consolidation, creating a wave of layoffs in its wake. The merger of <keyword id="6354923" type="COMPANY" weightage="20" keywordseo="vodafone-india">Vodafone India</keyword> and <keyword id="6354924" type="COMPANY" weightage="20" keywordseo="idea-cellular">Idea Cellular</keyword>, for instance, was expected to result in up to 5,000 job cuts, according to various media reports. In the last two years, the number of telecom operators have come <a href="https://www.financialexpress.com/industry/90000-job-cuts-expected-in-telecom-sector-this-year-heres-why/1149494/">down </a>from about 10 to six as of April. The sector could shrink by another 5% to 10% in the next 12 months, Paul Dupuis, managing director and CEO of Randstad India, <a href="https://www.financialexpress.com/jobs/heavy-job-losses-of-up-to-75000-to-in-telecom-sector-due-to-ma-but-reliance-jio-continues-to-hire-big/1324045/">told</a> Financial Express. Reliance Communications (RCom) saw a 94% cut in its workforce, while <keyword id="6354287" type="COMPANY" weightage="20" keywordseo="bharti-airtel">Bharti Airtel</keyword> downsized its employee count by 12% in two years ending March 2018, according to an FE analysis. <keyword id="15492" type="COMPANY" weightage="20" keywordseo="Vodafone">Vodafone</keyword> saw a 17% drop in headcount over the same period. Meanwhile, government efforts have been afoot to <a href="https://www.firstpost.com/business/job-cuts-in-telecom-sector-narendra-modi-government-promises-to-re-train-redeploy-those-sacked-by-telcos-4474043.html">retrain</a> some of the telco workers by pushing them into new skills such as public wi-fi and BharatNet. Newer technologies such as AI are also expected to lead to new roles being created in the industry.

Upto 75,000 more jobs at stake as competition intensifies among Indian telcos: Report

New Delhi, Jul 12 () Model Economic Township Ltd (METL), a subsidiary of Reliance Industries Ltd, on Sunday said Japanese company Tsuzuki will set up a manufacturing facility at its Jhajjar-based (Haryana) location. The company has entered into an agreement with the Japanese firm in this regard, METL said in a statement. Tsuzuki will manufacture steering knuckle for the automobile industry at Reliance MET, it added. Tsuzuki MD Eiichi Oya said the company will start manufacturing operations in the new unit in Jhajjar by 2021. The plant would cater to both domestic and international markets, he added. Tsuzuki is the third Japanese company after Panasonic and Denso to invest in MET Jhajjar, which is one of the 12 sites identified by the Japanese government to develop industrial townships in India. METL CEO and whole-time Director Shrivallabh Goyal said, the investment by Tsuzuki India will improve trade relations between India and Japan. The development of MET will not only bring economic development in the area, but also create job opportunities for the local residents, he added. Ten companies, including Panasonic, Denso, Reliance Retail, Allcargo, Bati India, Indo Space, Tirupati and Amber have already started operations at Jhajjar and construction work of few more companies are under progress, Goyal said. In addition, more than 170 companies have signed agreement to set up their manufacturing units, he added. MSS BAL BAL

Tsuzuki to set up plant at Reliance's Model Economic Township in Jhajjar

Billionaire Mukesh Ambani's <keyword id="6487" type="DOMAIN" weightage="20" keywordseo="Reliance-Industries-Ltd">Reliance Industries Ltd</keyword> has bought Britain's iconic country club and luxury golf resort, Stoke <keyword id="6379196" type="COMPANY" weightage="20" keywordseo="PARK">Park</keyword>, for 57 million pounds (about ₹592 crore). The acquisition adds to <keyword id="10926" type="COMPANY" weightage="20" keywordseo="Reliance">Reliance</keyword>'s current stake in Oberoi hotels and hotel/managed residences in Mumbai that it's developing. Over the past four years, Reliance has announced USD 3.3 billion in acquisitions with 14 per cent in retail, 80 per cent in technology, media, and telecom (TMT) sector, and 6 per cent in energy. The UK-based firm, which owns a hotel and golf course in Buckinghamshire, UK, will add to Reliance's consumer and hospitality assets, the firm said in a filing late on Thursday. "Reliance Industrial Investments and Holdings Ltd (RIIHL), a wholly-owned subsidiary of <keyword id="45442" type="COMPANY" weightage="20" keywordseo="Reliance-Industries-Limited">Reliance Industries Limited</keyword>, has on April 22, 2021, acquired the entire issued share capital of Stoke Park Limited, a company incorporated in the United Kingdom, for 57 million pounds," it said. Stoke Park Limited owns and manages sporting and leisure facilities in Stoke Poges, Buckinghamshire, UK. The facilities include a hotel, conference facilities, sports facilities and one of the highest rated golf courses in Europe. "RIIHL will look to enhance the sports and leisure facilities at this heritage site, while fully complying with the planning guidelines and local regulations," Reliance said. This acquisition will add to the consumer and hospitality footprint of the oil-to-telecom conglomerate. The group already has investments in EIH Ltd (Oberoi Hotels) and is developing state-of-the-art convention centre, hotel and managed residences in BKC Mumbai. This is the second major acquisition of an iconic British company by Ambani, 64. He bought British's iconic toy store Hamleys in 2019, to strengthen its retail footprint. Stoke Park has always had a close relationship to Pinewood Studios and the British film industry. Two James Bond movies -- Goldfinger (1964) and Tomorrow Never Dies (1997) were filmed at Stoke Park. The epic duel between James Bond (<keyword id="6528947" type="COMPANY" weightage="20" keywordseo="sean-connery">Sean Connery</keyword>) and Goldfinger (Gert Frobe) is still considered to be the most famous game of golf in cinematic history, the Park stated on its website. Scenes like mini-break and rowing scenes from Bridget Jones's Diary (2001) starring Hugh Grant, Renee Zellweger and Colin Firth were also filmed at the estate with the Georgian-era mansion set in the midst of 300 acres of parkland. Stoke Park hosts 49 luxury bedrooms and suits, 27-hole golf course, 13 tennis courts and 14 acres of private gardens. Although the Stoke Park estate has a recorded history of over 900 years, it was used as a private residence until 1908, according to its official website. Mayer Brown International LLP and Khaitan &amp; Co acted as legal counsels for the transaction, and <keyword id="85953" type="COMPANY" weightage="20" keywordseo="Ernst-Young">Ernst &amp; Young</keyword> UK advised on financial and tax matters. SEE ALSO: <a href="https://www.businessinsider.in/careers/news/heres-a-look-at-the-hottest-tech-and-crypto-jobs-in-the-market-right-now/slidelist/82195429.cms">These are the hottest fintech and crypto jobs in India right now</a> <a href="https://www.businessinsider.in/tech/mobile/news/google-has-released-the-third-developer-preview-of-android-12-for-developers/articleshow/82195421.cms">Android 12 Developer Preview 3: All the upcoming user-facing features revealed</a> <a href="https://www.businessinsider.in/science/environment/news/list-of-endangered-wild-animals-in-india-is-under-threat-as-poaching-doubles-during-the-covid-19-lockdown/slidelist/82195658.cms">Poaching doubled during the lockdown in India due to the 'three F's', and these are the animals most under threat</a>

Mukesh Ambani's Reliance Industries buys Britain's iconic country club Stoke Park for ₹592 crore

<ul><li>Relianche chairman <keyword id="3820" type="General" weightage="80" keywordseo="mukesh-ambani" source="Orion">Mukesh Ambani</keyword> presented the demand draft to Tirumala Tirupati Devasthanam (<keyword id="6359076" type="General" weightage="80" keywordseo="ttd" source="Orion">TTD</keyword>). </li><li>The industrialist had darshan and participated in the rituals performed by the temple priests.</li><li><keyword id="10924" type="General" weightage="100" keywordseo="ambani" source="Orion">Ambani</keyword> later visited <keyword id="12923699" type="General" weightage="50" keywordseo="ttd-goshala" source="Orion">TTD Goshala</keyword> and appreciated the efforts by the temple body in promoting cow worship. </li></ul> <keyword id="6355199" type="General" weightage="50" keywordseo="reliance-industries" source="Orion">Reliance Industries</keyword> chairman and managing director Mukesh Ambani on Friday donated ₹ 1.5 crore to Tirumala temple. After offering prayers at the famous hill shrine, he presented the demand draft to Tirumala Tirupati Devasthanam (TTD). The industrialist had darshan and participated in the rituals performed by the temple priests. He later reached <keyword id="4194061" type="General" weightage="50" keywordseo="ranganayakula-mandapam" source="Orion">Ranganayakula Mandapam</keyword> and handed over the DD to TTD executive officer A. V. Dharma Reddy. The TTD EO presented temple prasadam to the <keyword id="10926" type="General" weightage="50" keywordseo="reliance" source="Orion">Reliance</keyword> chairman while priests rendered Vedasirvachanam. Ambani later visited TTD Goshala and appreciated the efforts by the temple body in promoting cow worship across the country. <keyword id="302547" type="General" weightage="50" keywordseo="ysr-congress-party" source="Orion">YSR Congress Party</keyword> (YSRCP) MPs <keyword id="782316" type="General" weightage="50" keywordseo="vijayasai-reddy" source="Orion">Vijayasai Reddy</keyword>, M. Gurumoorthy and MLA Chevireddy Bhaskar Reddy were also present. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/global-artificial-intelligence-market-to-reach-450-bn-in-2022/articleshow/94269565.cms">Global artificial intelligence market to reach $450 bn in 2022</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/simply-put-moonlighting-is-wrong-but-is-it-really/articleshow/94260237.cms">SIMPLY PUT: Moonlighting is wrong... but is it really?</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/hectic-jobs-in-retail-and-quick-service-restaurants-is-leading-to-high-attrition-report/articleshow/94250545.cms">Hectic jobs in retail and quick service restaurants is leading to high attrition: Report</a>

Mukesh Ambani donates ₹ 1.5 crore to Tirumala temple

<ul><li>The Sensex was trading 1.32% higher, while the Nifty50 was up 1.21%. </li><li>The rally was led by banking and financial stocks.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian benchmark stock index, Sensex advanced over 500 points in early trade on Monday, driven by gains in index-heavyweights HDFC, Reliance Industries and ICICI Bank amid persistent foreign fund inflow and a positive trend in global peers. The Sensex was trading 1.32% higher, while the Nifty50 was up 1.21%. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ONGC </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Airtel </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Adani Ports </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">JSW Steel </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Indian Oil </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Eicher Motors </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Wipro </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kotak Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Infratel </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Shree Chem </td></tr></tbody></table>*as of August 31, 10:15 am These are the top stocks that are buzzing in trade today: Future Retail shares gain nearly 18% Share of Future Retail gained nearly 18% during the morning trade hours on August 31. The surge came after RIL acquired the retail, wholesale, logistics and warehousing business of Future Group for ₹24,713 crore. This also bought a rally in other Future subsidiaries. All the other three subsidiaries — Future Enterprises gained, Future Lifestyle Fashions, Future Consumer — were trading flat after hitting a 5% upper-circuit set by stock-exchanges. RIL also gained 2%. GVK Power and Infrastructure gained nearly 10% GVK Power and Infrastructure shares gained nearly 10% after it informed stock-exchanges that it along with its subsidiaries, GVK Airport Developers Limited and GVK Airport Holdings Limited, have agreed to cooperate with Adani Airport Holdings for its airports business. Post this deal Adani group will acquire all debt from various GVK lenders including a Goldman Sachs led consortium and HDFC, the stock-filing said. Adani ports also gained 4% after this. Indiabulls Ventures was down 8% Indiabulls Ventures shares lost nearly 8% on early trading hours after the company told investors that it would raise nearly ₹588 crore via share sale to a clutch of investors. ONGC gained 5% ahead of the board meet State-owned ONGC gained nearly 5% as its board is slated to meet on September 1 to consider raising funds of up to ₹45,000 crore. According to the stock-exchange filing, the board will also consider and approve the company’s financial results for the quarter ended June 30. Indian Oil Corporation gained 4% Indian Oil Corporation shares gained 4% on August 31 after the company said it is investing ₹14,800 crore in expanding the capacity of its Barauni refinery in Bihar. This <a href="https://www.manufacturingtodayindia.com/products-suppliers/8219-ioc-to-undertake-barauni-refinery-expansion-worth-rs-14800-cr">is the part of over 2,800 projects being executed under the government’s </a>Atma Nirbhar Bharat campaign to boost domestic production and create jobs. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-ril-future-enterprises-hcl-technologies-future-retail-itc-indiabulls-ventures-rbl-bank-inox-wind-and-more/articleshow/77843125.cms" data-type="tilCustomLink">Top stocks to watch in trade— RIL, Future Enterprises, HCL Technologies, Future Retail, ITC, Indiabulls Ventures, RBL Bank, Inox Wind and more</a> <a href="https://www.businessinsider.in/retail/news/heres-why-reliance-retail-with-almost-12000-stores-bought-future-retail-which-has-just-1500-outlets/articleshow/77843965.cms" data-type="tilCustomLink">Here’s why Reliance Retail with almost 12,000 stores bought Future Retail which has just 1500 outlets</a>

You Searched For "reliance retail jobs" and got 9 results

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Mukesh Ambani donates ₹ 1.5 crore to Tirumala temple

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