Reliance Industries is about to make history with the debut of its telecommunications company, Jio, on the stock market in 2025. Analysts predict it to be largest IPO in India.
According to recent reports, a brother-sister duo has taken over the ownership of Jiohotstar domain from the Delhi-based app developer bringing a new turn.
At the recent Nvidia AI Summit 2024, Reliance Industries Chairman Mukesh Ambani praised Meta founder Mark Zuckerberg for making the Llama language open source.
Mukesh Ambani said Reliance is building AI infrastructure for 1 GW, which can be expandable to multiple locations. As they have green power, they won't have to rely on others.
Indian government opts out of auctioning and decides to allocate satellite spectrum on a shared basis. While Elon Mush appreciates the decision, Mukesh Ambani fights back.
Jio's Akash Ambani urged the government to prioritize self-reliance in Artificial Intelligence (AI) by establishing state-of-the-art data centres across the country.
Reliance Retail enters the quick commerce industry. The key players in this space are Zomato-owned Blinkit, Swiggy Instamart, and Zepto. It has started its commerce service in areas of Bengaluru and Navi Mumbai via its e-commerce platform, JioMart.
Mukesh Ambani's Reliance Industries has been toppled from its throne, not by a competitor, but by a top government bank, The State Bank of India (SBI), as India's most profitable company.