Reliance To Build The World’s Largest Data Centre
Reliance Industries, the most valuable company in India, has earned most of its fortune from a diversified portfolio and plans to enter another lucrative sector: AI and data centres. Mukesh Ambani-led Reliance is set to build the world’s largest data centre in Jamnagar, Gujarat. This groundbreaking initiative will align Reliance with global tech giants, such…
Shipra Prajapati
Reliance Consumer Products Ltd – Acquires SIL FoodÂ
In a major move to expand his business empire, Mukesh Ambani, the richest man in Asia, acquired SIL Food India under its RCPL (Reliance Consumer Products Ltd). The acquisition will not involve the company’s manufacturing facilities. Before RCPL acquired SIL, its owner was Food Service India. SIL Food India is a packaged food brand that…
Vikas
Reliance Launches JioCoin To Enter The Crypto World
Recently, JioSphere users started to notice the addition of JioCoin, a crypto token listed on the Polygon crypto platform and built on Ethereum Layer 2. The JioCoin token appears on Android and iOS devices; however, the company has not officially announced the cryptocurrency. The Ambani-led Reliance shares, “JioCoins are blockchain-based reward tokens that users can…
Reliance And Nvidia’s Strategic Partnership In India
Chip behemoth Nvidia and Reliance Industries announced a partnership to bring an AI revolution to India. This move could significantly accelerate the country’s artificial intelligence capabilities. The announcement came during a fireside chat between Mukesh Ambani, the Reliance Chairman, and Jensen Huang, the CEO of Nvidia, at the Nvidia AI Summit 2024 held in Mumbai. …
Suryansh
Legacy or Loss?: What Ratan Tata’s Passing Means for India’s Self-Reliance?Â
Across India, the name Tata is linked to the everyday life of a commoner. It’s on the tea packets that energise the mornings, the salt sprinkled on the food, the bus ferrying people to work and the hotels where they unwind in the evening. No other name profoundly embodies the hopes and shortcomings of the…
ABHYUDAYA MITTAL
Reliance Fires Back On TRAI’s Allocation DecisionÂ
According to the letter seen by Reuters, Reliance opposed the TRAI decision to allocate the home satellite broadband spectrum, a market that is poised to grow at a pace of 36% a year to reach $1.9 billion by 2030. The letter mentioned that the company argues that the regulator has wrongly concluded that the broadband…
Ratan Tata’s Demise Shakes India’s Self-Reliance Vision
Ratan Tata, one of India’s leading business tycoons and industrialists, died on Wednesday at the age of 86 after a prolonged illness. He led the TATA group for 21 consecutive years from 1991-2012, the same period when the Tata conglomerate grew into a multinational giant. On Ratan Tata’s death, his family in a statement mentioned,…
Reliance Layoff Raises Economic Red Flags in India
India’s largest conglomerate, Reliance, announced an 11% reduction in its workforce, laying off 42,000 employees. According to Livemint, most of these employees were either contract workers or part-time employees. The company also hired 33% fewer fresh recruits than the previous year. RIL has recruited merely 1.17 lakh new recruits in this fiscal year. These changes…
abhinav singh
Reliance Industry, The Corporate Octopus Of India
Recently, news broke out that Reliance Industry is looking to invest Rs. 1000 crore to Rs. 3000 crore in India’s diagnostic sector. This came as a surprise to many. No one imagined that Reliance, originally an oil and gas company, would venture into the diagnostic business. However, looking at the portfolio of companies owned by…
Reliance Gears Up For Viacom18 Merger & African TelecomÂ
Reliance, led by the richest Asian man, Mukesh Ambani, is set to make big moves. The multinational conglomerate is proceeding into Africa’s mobile broadband market via a Telecoms venture. With the launch of Next-Gen InfraCo, the company’s objective is to provide top-notch digital services in Ghana at affordable prices. On the other hand, it has…