Mukesh Ambani-led Reliance Industries Ltd (RIL) informed the stock exchange, through a regulatory filing, that it is no longer in the race to buy a 100% stake in Kandla GHA Transmission Limited (KGTL) from PFC Consulting Limited.
One came from the salt-to-software conglomerate Tata Group, in partnership with OpenAI, with a plan to build artificial intelligence infrastructure in India that could scale up to one gigawatt of capacity over several years.
Mukesh Ambani on Thursday announced that Reliance Industries and its digital arm Jio will invest Rs10 lakh crore over the next seven years to drive India's artificial intelligence transformation strategy, spanning sovereign compute infrastructure, green energy and AI applications.
Mukesh Ambani-led Reliance has roped in Morgan Stanley and Goldman Sachs for the IPO of Jio Platforms, even as it awaits a final government notification on revised IPO norms, before it files its draft red herring prospectus (DRHP) for the IPO, according to company officials.
After the company announced its December quarter results, its Global Depository Receipt (GDR) slipped by around 2% to $64.40 on the London Stock Exchange (LSE).
The newspaper stated that Samsung expects to further strengthen its cooperation with the Reliance Group in supplying 6G network equipment, building artificial intelligence (AI) data centres and providing energy storage systems for large-scale data operations.
The Chosun Daily quoted an industry source in Seoul as stating that Ambani visited the Samsung Electronics headquarters in Seocho-gu, Seoul, in the afternoon and met key executives from major Samsung affiliates, including Chairman Lee.
They are also scheduled to inspect Samsung’s production lines for 5G equipment and early-stage 6G development, the Korean business newspaper reported.
Renowned industrialist Mukesh Ambani has been invited to the flag-hoisting ceremony at the Shri Ram Janmabhoomi Temple on November 25.
Elon Musk, the world’s richest person, is slated to get richer. With a current worth of nearly US$500 billion (roughly Rs 44 lakh crore), Musk has been voted a pay package of US$1 trillion (roughly Rs 88 lakh crore) by Tesla shareholders, over the next ten years, subject to his achieving certain tough targets.
