Reliance Industries (RIL’s) annual report released on Sunday highlighted the company’s focus on new energy solutions, with Chairman and Managing Director (MD) Mukesh Ambani stating that the age of fossil fuels will not continue much longer. RIL has sought shareholders’ approval to give Ambani another five-year term as MD till 2029 at nil salary.… Continue reading World entering a highly disruptive green energy era, says Mukesh Ambani
Tag: Ambani
After retail, telecom, Ambani casts eye on fin services, new energy biz
After creating India’s largest retailers and telecom operator in the shortest span of time, billionaire Mukesh Ambani has now set his sight on propelling newly-carved financial services business unit into country’s largest non-banking lender while transitioning the conglomerate to net carbon zero by 2035. The recently demerged Jio Financial Services Ltd will leverage… Continue reading After retail, telecom, Ambani casts eye on fin services, new energy biz
Reliance seeks shareholder nod to appoint Ambani as head for another 5 yrs
Reliance Industries Ltd, India’s most valuable company, has sought shareholder’s approval to give Mukesh Ambani another five-year term as chairman and managing director of the company till 2029 — a period during which he has opted to draw nil salary. Ambani, 66, will cross the company law-mandated 70 years age for the chief… Continue reading Reliance seeks shareholder nod to appoint Ambani as head for another 5 yrs
Import licences, taxing games, and the Ambani way
Import licences were mostly abolished starting 1991, when India ushered in its much-documented economic reforms and liberalisation. Or, so we thought. The story of the week suggests otherwise. Story of the week On Thursday, the government imposed import restrictions on laptops, tablets, personal computers, and other similar data-processing units citing “security risks”.… Continue reading Import licences, taxing games, and the Ambani way