Reliance Industries Archives

Mukesh Ambani announced, Reliance will invest Rs 20,000 crore in Bengal in the next three years

Kolkata is hosting the 7th Bengal Global Business Summit. wherein Mukesh Ambani, the chairman of Reliance Industries, declared a Rs 20,000 crore investment in West Bengal. Within the following three years, this investment will be made.

Global business leaders have convened for this summit. Mamata Banerjee, the chief minister of West Bengal, attended this meeting as well. During this event, Reliance made a significant announcement regarding its investment in Bengal.

“Reliance will leave no stone unturned in the development of Bengal,” said Mukesh Ambani. About Rs 45,000 crore has been invested by Reliance in Bengal thus far. Over the course of the following three years, we want to invest an additional Rs twenty thousand crore.

The telecom, retail, and bioenergy sectors will all benefit from this Rs 20,000 crore investment. Ambani declared that 5G will be implemented throughout the state, with a focus on connecting rural Bengal. In the next two years, Reliance Retail intends to open almost 200 new stores in West Bengal. In Bengal, there are currently about 1000 Reliance outlets operating; that number will rise to 1200. In the next three years, Reliance, the biggest producer of bioenergy in India, plans to establish 100 compressed biogas plants.

#WATCH | At the Bengal Global Business Summit event, Reliance Industries chairman Mukesh Ambani says, "Reliance will leave no stone unturned to accelerate West Bengal's growth. Reliance has invested close to Rs 45,000 crores in West Bengal. We plan to invest an additional Rs… pic.twitter.com/fmNWCVfekF
— ANI (@ANI) November 21, 2023

PM Narendra Modi launched 5G internet services in India, Jio became the largest 5G network company

At the India Mobile Congress, Prime Minister Narendra Modi pressed the remote to officially launch 5G internet services in India (IMC 2022). While Airtel is about to launch 5G from Varanasi, Reliance Jio is about to launch 5G from a village near Ahmedabad. At the same time, Mukesh Ambani, chairman, and CEO of Reliance Industries declared that 5G service would begin in every city in the nation by December 2023.

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Historic day for 21st century India! 5G technology will revolutionise the telecom sector. https://t.co/OfyAVeIY0A
— Narendra Modi (@narendramodi) October 1, 2022

According to PM Modi, the price of 1GB of data had previously been roughly Rs 300 but is now only Rs 10 per GB. An individual in India uses 14GB on average per month. In 2014, it cost roughly Rs 4200 per month; today, it only costs Rs 125–150. Due to the efforts of our government, this has occurred.

Describe how 13 cities will have 5G connectivity in the first phase: Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi, Gandhinagar, Gurugram, Hyderabad, Jamnagar, Kolkata, Lucknow, Mumbai, and Pune. Following this, 5G will be available over the entire nation. The Airtel 5G network will launch today in eight significant cities across the nation, including Bangalore and Delhi.

All major cities in the country will be covered by Reliance Jio’s 5G service by Diwali this year. In parallel, Bharti Airtel will provide 5G service in Varanasi, Delhi, and Bangalore starting in October. While Vodafone Idea can only initially roll out 5G in a few regions.

Jio becomes the nation’s largest 5G network provider

Let us inform you that the Government of India received record bids of Rs. 1.5 lakh crore in the largest 5G spectrum auction held in India. With an offer of Rs 88,078 crore, Mukesh Ambani’s Jio won roughly half of the airwaves up for auction. As a result, Reliance Jio gained the title of having the nation’s largest 5G network.

Mukesh Ambani will now become the owner of this American company, bought for Rs 255 crore

Mukesh Ambani, the chairman of Reliance Industries, is in the process of buying businesses one by one. He’ll be adding another significant American corporation to his portfolio. RIL has agreed to pay $32 million for the US-based software company SenseHawk Inc. Mukesh Ambani will acquire a 79.4% stake in the company through this.

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Reliance Industries Acquire SenseHawk

A report from Business Today claims that Mukesh Ambani is advancing the promotion of his solar energy ambitions. Reliance Industries Limited said in a statement on Tuesday that it had agreements worth $ 32 million (about Rs 255 crore) in place to buy the majority of the stock in the American business SenseHawk Inc.

Reliance Industries (RIL Share) stock price increased as a result of this transaction. The price of Reliance’s shares at the time of writing the news was Rs 2,598, up more than 1%.

How does Senshawk work?

Senshawk began operations in 2018. An organization based in California develops solar energy management systems based on software. By streamlining the process, Sensehawk is working to speed up the generation of solar energy from planning to solar energy firms. As part of this business, solar assets are managed digitally throughout their lifecycle.

Regarding this transaction, Mukesh Ambani, Chairman and CEO of Reliance Industries, remarked, “We welcome SenseHawk and its innovative crew to our Reliance family.” RIL is dedicated to transforming the green energy industry. In describing his vision, he claimed that by the year 2030, his business will have the ability to produce or will have produced at least 100 GW of renewable electricity that can be turned into carbon-free green hydrogen.

This deal will be of great benefit

Further, according to Mukesh Ambani, with Senshawk’s assistance, we will lower costs, boost output, and enhance performance for solar projects around the world. He remarked that it is a very exciting technological platform, and I am confident that Senshawk will expand greatly with the assistance of Reliance Industries. Regulatory papers anticipate the finalization of the transaction by the end of 2022.

Isha Ambani will be the new chairperson of Reliance Retail, second big decision of Reliance Group after Akash Ambani

The retail arm of Reliance Industries (RIL) is about to get a new chairperson. Isha Ambani, the daughter of Reliance Industries Chairman Mukesh Ambani, will take over as the organization’s new chairperson. This is a sign that Mukesh Ambani is moving ahead with his business empire’s success plan.

Earlier, Reliance Group appointed Mukesh Ambani’s son Akash Ambani as the chairman of the telecom unit. The group announced this on Tuesday. Reliance Jio Infocomm is the telecom arm of the Reliance Group. Akash and Isha were part of the team that discussed the issue of investing in the meta platform in Reliance Group.

It is being told that the announcement of making Isha the chairperson of the retail unit can be made sometime on Wednesday. People associated with this matter gave this information on the condition of anonymity. At present, Isha Ambani is the director of Reliance Retail Ventures. A representative of Reliance Group declined to comment.

Isha Ambani is 30 years old. He studied at Yale University. Anant is his younger brother, who is 27 years old. Isha and Akash are twins.

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Reliance Retail and Reliance Jio are subsidiary companies of Reliance Industries. Reliance Group’s business of $ 217 billion includes oil, telecom, and retail. Reliance Industries is the flagship company of this group. Its chairman and managing director are Mukesh Ambani.

Reliance New Brand – Big Bazaar will now be renamed as “Smart Bazaar”, Mukesh Ambani took control of Future Stores overnight

Reliance Industries has begun preparing to change the name of Future Group’s flagship brand Big Bazaar. Mukesh Ambani‘s company had previously taken over the responsibility of managing the retail stores of Kishore Biyani’s company. The result was that most of the Big Bazaar stores were closed for a few days.

Big Bazaar New Name

According to reports, the Mukesh Ambani-led company has decided to open a new store at the location of Big Bazaar. These stores will be called Smart Bazaar. Reliance Retail is the retail arm of Ambani-led Reliance Industries. Retail stores such as Reliance Trends, Reliance Fresh, and Reliance Digital are already operated by the company.

Smart Bazaar will be open at these 950 locations

950 stores will be opened by Reliance Retail. The company now controls all of these locations from Future Group. Media reports suggest that the company will soon open smart shops named ‘Smart Bazaar’ at about 100 of these locations. But Reliance Retail and Future Group have not said anything.

Get to know these things about the takeover of Big Bazaar

It has been more than a year since the Rs 24,713 crore deal between Reliance and the Future Group was signed. Despite this, Amazon lawsuits have prevented the deal from closing. Last week, Reliance began taking over the store of Future Group’s Big Bazaar, aggressively showing its presence.

Initially, Reliance took over the lease of Big Bazaar stores but allowed the future to continue operating. The stores have now been taken over by Reliance because Future Group is unable to pay rent.

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