Mukesh Ambani
Reliance Jio IPO Release Delayed to Next Year, Says Ambani
Summary:Reliance Jio Platforms, the digital and telecom arm of Mukesh Ambani’s Reliance Industries, has reportedly postponed its much-anticipated Initial Public Offering (IPO), initially targeted for 2025. Valued by analysts at over $100 billion, the decision stems from the company’s strategic intent to further mature its telecom business, achieve higher revenues and a larger subscriber base, […]
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Mukesh Ambani Calls Jio His Biggest Risk, Says It Could Be Reliance’s Greatest Philanthropy
Key Takeaways: Reliance Industries Chairman and Managing Director Mukesh Ambani has described his bold investment in Jio as the biggest risk of his career—one that could double as the group’s greatest act of philanthropy if it failed to deliver expected returns. In a candid interview with McKinsey & Company, Ambani revealed that during the early […]
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Reliance to Set Up AI-Ready Data Center in Assam with ₹50,000 Crore Investment
Reliance Industries Limited (RIL) is set to establish an AI-ready data center in Assam, with a focus on transforming the education, healthcare, and agriculture sectors. Chairman Mukesh Ambani announced this initiative on Tuesday, pledging ₹50,000 crore in investments over the next five years, calling Assam a “land of growth opportunities.” Five Key Priority Areas for […]
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Reliance Jio to Build Largest Data Center in Jamnagar
Mukesh Ambani’s Reliance Industries is reportedly planning to build the world’s largest data center in Jamnagar, India, with a colossal capacity of three gigawatts to cater to the surging demand for artificial intelligence (AI). If completed, the facility would dwarf Microsoft’s 600-megawatt data center in Virginia, currently the largest in the world. According to Bloomberg, […]
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AGR Dues Relief: Will Budget 2025 Deliver ₹1 Lakh Crore Boost for Vodafone Idea and Bharti Airtel?
In a significant move for the cash-strapped telecom companies Vodafone Idea and Bharti Airtel, the Indian government is reportedly considering a proposal to waive a portion of their Adjusted Gross Revenue (AGR) dues. If implemented, this measure could counter the prevailing duopoly of Mukesh Ambani’s Reliance Jio and Sunil Bharti Mittal-led Airtel. AGR, or Adjusted […]
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Reliance Jio IPO News: Jio IPO Expected to be Valued ₹40k Crore
Billionaire Mukesh Ambani is reportedly moving forward with the initial public offering (IPO) of Reliance Jio Infocomm, the telecom arm of Reliance Industries. Sources estimate the IPO’s size to be in the range of ₹35,000-40,000 crore, making it potentially the largest IPO in India. The offering will include an offer-for-sale (OFS) component, a fresh issue, […]
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Airtel is All Set to Break Internet Speed in India
In a renewed race between Mukesh Ambani’s Reliance Jio and Sunil Mittal’s Airtel, both telecom giants are setting their sights on satellite networks to lead the broadband market in India. In response, Airtel Chairman Sunil Mittal emphasized the transformative potential of satellite internet, calling it a “magic bullet” that could bring connectivity to underserved and […]
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Scindia’s Statement on Mukesh Ambani vs Elon Musk Satcom Spectrum Allocation Row
Elon Musk has expressed strong opposition to Jio’s push for an auction of satellite spectrum, arguing that it is traditionally shared based on International Telecommunication Union (ITU) guidelines. India’s telecom minister, Jyotiraditya Scindia, confirmed that satellite spectrum will be allocated administratively, countering Jio’s call for an auction. Mukesh Ambani, chairman of Reliance Industries, emphasized the […]
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Mukesh Ambani vs Elon Musk: Space Broadband Spectrum Decision Spiced Up
Billionaire Mukesh Ambani’s Reliance has challenged the telecom regulator’s decision to allocate home satellite broadband spectrum administratively rather than through an auction, escalating its conflict with Elon Musk’s Starlink. The debate over how India should distribute spectrum for satellite services has been ongoing since last year. Starlink, along with global competitors like Amazon’s Project Kuiper, […]
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Jio AGM 2024: Jio Aims to Connect 1 Million Homes Every Month with 5G FWA
Reliance Jio is setting an ambitious goal to connect a million homes every 30 days with its 5G fixed wireless access (FWA) service, JioAirFiber, according to Chairman Mukesh Ambani. “We are challenging ourselves to reach a million homes every month. With this momentum, we are confident in achieving our goal of 100 million home broadband […]
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