Tag: Adani Group

Reliance Industries-Brookfield to open data centre in Chennai next week: Mukesh Ambani
8Jan By adminNo Comments
Technology

Reliance Industries-Brookfield to open data centre in Chennai next week: Mukesh Ambani

[ad_1] Billionaire Mukesh Ambani on Sunday said his firm Reliance Industries in partnership with Canada's Brookfield will open a data centre in Chennai next week, marking entry into the fast-growing market.Reliance had in July last year invested about ₹378 crore to enter an existing joint venture, where Brookfield Infrastructure and US-based realty estate investment trust Digital Realty were already partners. The three own 33 per cent each in the venture. Speaking at the Tamil Nadu Global Investors Meet here, Ambani, chairman and managing director of Reliance Industries Ltd, said his group is investing in renewable energy and green hydrogen as well as in setting up a data centre in the state. "Reliance has partnered with Canada's Brookfield asset management and US-based Digital Reality...
Read More
Comeback Year For The Wealthy: Elon Musk Leads World’s Richest to $1.5 Tn Wealth Gain in 2023
30Dec By adminNo Comments
Technology

Comeback Year For The Wealthy: Elon Musk Leads World’s Richest to $1.5 Tn Wealth Gain in 2023

[ad_1] It was a comeback year for the world's wealthiest. The combined net worth of the 500 richest people surged by $1.5 trillion in 2023, fully rebounding from the $1.4 trillion lost the year prior, according to the Bloomberg Billionaires Index. Once again, their fortunes were closely correlated to the performance of tech stocks, which rose to fresh records this year despite recession fears, lingering inflation, lofty interest rates, and geopolitical turmoil. Tech billionaires saw their wealth grow by 48% or $658 billion, propelled by intense hype around artificial intelligence. No one did better than Elon Musk, who recaptured the title of world's richest person from French luxury tycoon Bernard Arnault. The Tesla Inc. chief executive officer netted an additional $95.4 billion through...
Read More
Mukesh Ambani Wants Reliance To Emerge as AI Enabler in India, Be Among World’s Top 10 Conglomerates
28Dec By adminNo Comments
Technology

Mukesh Ambani Wants Reliance To Emerge as AI Enabler in India, Be Among World’s Top 10 Conglomerates

[ad_1] Reliance Industries Chairman and MD, Mukesh Ambani has urged the employees of his company to accelerate artificial intelligence (AI) transformation across all businesses in 2024 to stay ahead of rivals in deploying advanced technologies. “We need to be at forefront of using data, with AI as an enabler for achieving a quantum jump in productivity and efficiency,” Ambani said. This will help the company to be at the forefront of solving “India's urgent national priorities in education, healthcare, agriculture and employment generation,” Ambani said. "Reliance can and Reliance will grow to be among the top 10 business conglomerates of the world," Ambani said, indicating his ambitions for the company and where he wanted to see it. Reliance Jio Infocomm Ltd. is working with the Indian...
Read More
5G services launch very soon, govt aims for pan-India coverage in 2 years
25Sep By adminNo Comments
Technology

5G services launch very soon, govt aims for pan-India coverage in 2 years

[ad_1] 5G services in India will be launched very soon and the govt's target will be to cover the entire country within 2 years. 5G telecom services in India will be launched very soon and the government's target will be to cover the entire country within 2 years, said Union Electronics and Information Technology minister Ashwini Vaishnaw at an event on Sunday.India is gearing up for the rollout of 5G services by October, the minister had earlier said. The government in mid-August issued spectrum allocation letters to telecom service providers while asking them to prepare for the rollout of 5G services. With this spectrum allotment, India is in the final stage of rolling out high-speed 5G telecom services.Reliance Jio has alr...
Read More
World’s 3rd Richest, Gautam Adani, Pivots From Coal Mogul To Green Champion
9Sep By adminNo Comments
Latest

World’s 3rd Richest, Gautam Adani, Pivots From Coal Mogul To Green Champion

[ad_1] Beyond India, however, Gautam Adani's power is less assured.Early one evening in April, Asia's newly minted richest person strode onto the stage of the National Centre for the Performing Arts, in Mumbai. Stocky and mustachioed, Gautam Mr Adani was there to deliver a speech at the India Economic Conclave, a gathering of the country's financial elite. Historically media shy, Mr Adani's become more prominent in recent months, and not just because of the meteoric surge in his wealth. A rapid diversification spree has pushed his vast, largely fossil-fuel driven conglomerate into a raft of new sectors in and outside of India, and Mr Adani is seeking to reinvent himself for the global stage. His public appearances now have renewed purpose: to persuade the world - especially the gatekeepe...
Read More
Gautam Adani’s Rise To 3rd Richest Came As Stock Jumps Topped 1,000%
6Sep By adminNo Comments
Latest

Gautam Adani’s Rise To 3rd Richest Came As Stock Jumps Topped 1,000%

[ad_1] His surging fortune is now attracting fresh scrutiny to the valuations of his companies.First, he became the richest person in Asia. Then his net worth surpassed those of Warren Buffett and Bill Gates. Now he's fast approaching a level of wealth only rivaled by Jeff Bezos and Elon Musk.Gautam Adani's ascent, by about any measure, has been nothing short of remarkable. During a year in which many fortunes around the world have crumbled, his net worth has nearly doubled, increasing $64.8 billion to $141.4 billion and making him the third-richest person on the planet, according to the Bloomberg Billionaires Index. His surging fortune is now attracting fresh scrutiny to the valuations of his companies, the leverage embedded throughout his business empire and his ties to India's governm...
Read More