Image used for representational purposes. File
| Photo Credit: Getty Images/iStockphoto

It is not clear if ​Reliance will ⁠continue to buy Russian oil beyond March. File
| Photo Credit: Reuters

Speaking at the Vibrant Gujarat Regional Conference in Rajkot on Sunday (January 11, 2026), Mukesh Ambani, Chairman of Reliance Industries, said Gujarat is far more than just a location for the group.

“For Reliance, Gujarat is our body, heart, and soul. We are a Gujarati company,” he said.

Mr. Ambani said he was making five firm commitments to the State. He said that Reliance is already Gujarat’s largest investor, having invested over ₹3.5 lakh crore in the last five years.

“We will double this investment to ₹7 lakh crore over the next five years. This will create exponential employment, livelihoods, and prosperity for every Gujarati and every Indian,” he said.

The second commitment, he said, is to establish global leadership in clean energy and green materials. At Jamnagar, Reliance is building the world’s largest integrated clean energy ecosystem, covering solar power, battery energy storage, green hydrogen, green fertilisers, sustainable aviation fuel, maritime fuels, and advanced materials.

“Jamnagar, once the world’s largest exporter of hydrocarbon fuels, will in the coming years become India’s largest exporter of green energy and green materials,” Mr. Ambani said.

He said Reliance’s multi-gigawatt, utility-scale solar project, among the largest in the world, will deliver round-the-clock clean power through advanced storage and modern grid integration, powering India’s growth and reinforcing Gujarat’s leadership in renewable energy.

The fourth commitment is to make Gujarat India’s artificial intelligence pioneer. Mr. Ambani said Jio is building India’s largest AI-ready data centre in Jamnagar with the goal of making AI affordable and accessible to every Indian.

“Jio will launch India’s first people-centric AI platform, built in India for India and the world. It will enable every citizen, starting from Gujarat, to access AI services in their own language, on their own devices, every day, making them more efficient and productive,” he said.

The fifth commitment is partnering with the Gujarat government’s Olympic ambitions and social initiatives. Mr. Ambani said the Reliance Foundation fully supports the Prime Minister’s vision of bringing the 2036 Olympic Games to Ahmedabad.

“As part of this effort, Reliance will partner with the Gujarat government to manage the Veer Savarkar Multisports Complex in Naranpura, which will serve as a hub for national and international sporting events and for training future champions,” he said.

He also announced the establishment of a world-class hospital in Jamnagar in the Saurashtra region and the expansion of Reliance’s educational institutions. “The development of Gujarat is central to everything we do,” he said.

Mr. Ambani further said the world is changing rapidly and geopolitical developments are creating new challenges and uncertainties. However, he said India remains resilient.

“What is reassuring is that these challenges cannot disrupt our nation or its people. India today stands protected by an invincible protective wall called Narendrabhai Modi.”

Gujarat is our foundation, says Karan Adani

Karan Adani, managing director of Adani Ports and SEZ Limited (APSEZ) said that for the Adani Group, Gujarat is not just a State of investment — it is our foundation. “Gujarat is where our journey began, and Gujarat is where our long-term commitment remains anchored.”

“Building on this foundation, the Adani Group commits to invest ₹1.5 lakh crore over the next five years in the region of Kutch. We will complete our Khavda project and commission full 37 Gigawatt of capacity by 2030, and we will also double our port capacity at Mundra in the next ten years’ time,” Mr. Adani said.

Published – January 11, 2026 03:22 pm IST

Reliance Industries’ Jamnagar refinery, the largest in the world, is not expected to receive any oil from Russia in January 2026, and did not receive any Russian oil in the last three weeks, the company said
| Photo Credit: Reuters

Logo of Reliance Industries Limited. File.
| Photo Credit: Reuters

Reliance Industries Ltd’s Human Resources chief Ira Bindra has been named among the world’s top CHROs, making Reliance the only Indian company represented on the list.

N2Growth, a global leader in executive search and leadership advisory, announced the 2025 Leaders40 Top Chief Human Resources Officers (CHRO) Award late on Friday (November 14, 2025).

This year’s list includes leading CHROs at some of the world’s largest and most influential companies, such as Lisa Buckingham (Vialto Partners), Matthew Breitfelder (Apollo Global Management), Robin Leopold (JPMorganChase), Christy Pambianchi (Caterpillar Inc.), Trisha Conley (LyondellBasell), Maral Kazanjian (Moody’s), and Donna Morris (Walmart), it said.

Reliance is the only Indian firm on the list and Ms. Bindra the first Indian woman executive of an Indian firm to be featured on the list.

She has been ranked 28th on the list.

“Ira is a global Human Resources and business transformation leader with over two decades of experience driving growth, innovation, and organisational excellence across Fortune 100 companies and high-growth enterprises.”

“Her career spans multiple industries, geographies, and business lifecycles, where she has led integrated business, people, and culture strategies that enable high performance and sustainable transformation,” her citation read.

As President – People & Talent at Reliance Industries Limited, India’s largest private enterprise and a Fortune Global 500 (#88) company with revenues over $119 billion, Ira partners with the Chairman, Executive Committee, and business leadership to shape the company’s people and culture agenda.

“She is leading enterprise-wide talent and culture transformation for Reliance’s 360,000-strong workforce spanning energy, retail, telecommunications, media, and green technologies,” it added.

Before joining Reliance, Ms. Bindra held several senior global HR leadership roles at Medtronic, the world’s largest medical device company. Previously, she spent 19 years with General Electric, holding diverse HR leadership roles across Healthcare, Oil & Gas, Technology Infrastructure, Corporate and GE Capital in both developed and developing markets.

She holds an MBA from the Maastricht School of Management, Netherlands, and a BA (Hons.) in History from Lady Shri Ram College, Delhi University.

First launched on Forbes in 2015 by N2Growth Founder Mike Myatt, the Top CHRO List quickly became one of the most respected and anticipated rankings in the human resources profession.

In 2020, N2Growth partnered with the Stanford Graduate School of Business to formalize the list as the Leaders40 Award. Since then, N2Growth has been pleased to issue the preeminent industry recognition of the leading CHROs globally.

“Over the last decade, we’ve watched the CHRO role transform,” said Tony Morales, Co-Chairman of N2Growth and head of the Leaders40 Selection Committee. “The CHROs of today are no longer only people leaders, but have become strategic partners to CEOs and boards, driving performance, culture, and transformation at the highest level.”

The Leaders40 Selection Committee evaluates thousands of nominations, conducts over a hundred in-depth interviews, and ultimately names the top 40 CHROs who set the standard of excellence in human capital management.

Published – November 15, 2025 11:52 am IST

New Delhi:

Reliance Industries and Walt Disney on Thursday completed the $8.5 billion merger of their Indian media assets, which have been split into three divisions, with each unit having its own CEO. The companies said the newly formed divisions are entertainment, which houses Reliance’s Colours TV channels and Disney’s Star; digital, home to online streaming platforms JioCinema and Hotstar, and sports.

Former Google executive Kiran Mani, who leads JioCinema, will take charge of the digital organisation.

Reuters reported last month that Disney Hotstar’s CEO Sajith Sivanandan resigned from the role as business integration gathered pace for the merger. The entertainment division will be led by Kevin Vaz, who is currently the top boss at Reliance’s Viacom 18 Media.

Sanjog Gupta, who heads sports at Disney’s Indian media operations, will take charge of the merged company’s sports division.

The completion of the merger comes after the companies won key approval from the country’s antitrust regulator in August after assuaging regulatory worries about their grip on broadcasting rights for cricket, India’s favourite sport.

The merger will create India’s biggest entertainment player, with 120 TV channels and two streaming services, and will compete with Sony, Netflix and Amazon.

Chip behemoth Nvidia launched a lightweight artificial intelligence model on Thursday for India’s widely-used Hindi language, as it looks to tap into a growing market for AI technologies.

Chief Executive Jensen Huang is set to chat with the chairman of conglomerate Reliance Industries, Mukesh Ambani, who is also Asia’s richest man, at a conference in the business capital of Mumbai, the California-based company said.

Nvidia is rolling out its new small language model, dubbed Nemotron-4-Mini-Hindi-4B, with 4 billion parameters, for firms to use in developing their own AI models, the company said.

“The model was pruned, distilled and trained with a combination of real-world Hindi data, synthetic Hindi data and an equal amount of English data,” it said in a statement.

Indian IT services and consulting company Tech Mahindra is the first to use the Nvidia offering to develop a custom AI model called Indus 2.0, focused on Hindi and dozens of its dialects, the U.S. company said.

Just a tenth of the population of 1.4 billion speaks English in India, where the constitution recognises 22 languages, it added.

From large companies to startups, businesses in India have focused on building AI models based on its diverse languages to grow consumer appeal and drive activities such as customer service AI assistants and content translation.

Unlike large-language models, such as OpenAI’s GPT-4, used to power ChatGPT, small language models are trained on much smaller and more specific datasets.

They are typically cheaper, making them more attractive for companies with fewer resources.

Global chip firms are investing in India and setting up facilities to expand their presence as the country races to build up its semiconductor industry and compete with major hubs such as Taiwan, though analysts say the effort could take years.

Nvidia, which first set up shop in India nearly two decades ago, has engineering and design centers there, as well as offices in major cities such as the southern tech hub of Bengaluru and neighbouring Hyderabad.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

According to exchange data, equities worth ₹9,791.93 crore were sold by FIIs on Monday, September 30, 2024, while Domestic Institutional Investors DIIs purchased equities valued at ₹6,645.80 crore. File
| Photo Credit: Reuters

Benchmark indices Sensex and Nifty edged lower on Tuesday (October 1, 2024), extending the losing run to the third day amid profit-taking in oil & gas and select FMCG shares.

The BSE Sensex dipped 33.49 points or 0.04% to settle at 84,266.29. During the day, it hit a high of 84,648.40 and a low of 84,098.94.

The NSE Nifty closed marginally lower by 13.95 points or 0.05% to 25,796.90.

Muted trends in global markets and heavy foreign fund outflows weighed on investor sentiment, analysts said.

From the 30 Sensex firms, IndusInd Bank, Asian Paints, Hindustan Unilever, Tata Motors, Tata Steel, Titan, Reliance Industries and NTPC were among the major laggards.

Tech Mahindra, Mahindra & Mahindra, Kotak Mahindra Bank, Infosys, HCL Technologies and State Bank of India were among the major gainers.

In Asian markets, Tokyo settled higher. South Korea, Hong Kong and mainland Chinese markets are closed for a public holiday on Tuesday (October 1, 2024). Markets in mainland China will be closed for the rest of the week due to holiday.

European markets were trading on a mixed note. The U.S. markets ended in the positive territory on Monday (September 30, 2024).

Foreign Institutional Investors (FIIs) offloaded equities worth ₹9,791.93 crore on Monday (September 30, 2024), while Domestic Institutional Investors (DIIs) bought equities worth ₹6,645.80 crore, according to exchange data.

India’s manufacturing sector growth fell to an eight-month low in September amid softer increase in factory production, sales and new export orders, a monthly survey said on Tuesday (October 1, 2024).

The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) fell from 57.5 in August to 56.5 in September, registering the weakest pace of growth since January.

In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction.

Global oil benchmark Brent crude declined 1.66% to $ 70.51 barrel.

The BSE benchmark tumbled 1,272.07 points or 1.49% to settle at 84,299.78 on Monday (September 30, 2024). During the day, it plunged 1,314.71 points or 1.53% to 84,257.14. The Nifty tanked 368.10 points or 1.41% to 25,810.85.

Reliance shares, which are up about 16% so far this year, closed down 1.4% at 2,985.95 rupees. File
| Photo Credit: Reuters

Reliance Industries, the country’s most valuable company, on Thursday (September 5, 2024) approved a one-for-one issue of bonus shares and recommended an increase in authorised share capital.

The board recommended an increase in authorized share capital to 500 billion rupees ($5.96 billion) from 150 billion rupees.

This is the oil-to-chemicals conglomerate’s first bonus issue since 2017, when its stock price was roughly 700 rupees. Its stock price has more than quadrupled since then.

Also read: Reliance Industries approves bonus share issue in 1:1 ratio

This will also be Reliance’s sixth bonus issue since listing.

The bonus issue proposal was announced last week minutes before the company’s annual general meeting where its chairman Mukesh Ambani said that Reliance will more than double in size, with sales and profit doubling at its retail and telecom arms.

Some analysts had said the shareholder meeting was underwhelming as Reliance did not provide any details on the timing of the initial public offerings of its retail and telecom units.

“When Reliance grows, we reward our shareholders handsomely,” Mr. Ambani had said at the meet.

Reliance shares, which are up about 16% so far this year, closed down 1.4% at 2,985.95 rupees.

Its shares rose last week following the bonus share plan announcement.