One of the drivers that automatically fuels growth is that India remains one of the fastest growing retail markets and is poised to become the third-largest by 2030
Reliance Retail launched India's first Armani cafe at Jio World Plaza in Mumbai. The upscale cafe, Italian fashion house Giorgio Armani, features designer's favourite dishes, and 52 imported wines
In her speech, she said, "With the strong foundation we have built, I am confident that we will achieve our goal of doubling our retail business in the next 3 to 4 years."
Reliance Industries Chairman Mukesh Ambani addressed the 47th Annual General Meeting, in which he reiterated the company's commitment to the nation's growth
'A male-dominated STEM/ICT landscape, where women are under-represented, will rob India of its opportunity to rule the roost,' Ambani said
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Having created businesses ranging from world's largest single-location oil refining complex to nation's largest mobile network operators in just few years, billionaire Mukesh Ambani says his group Reliance Industries Ltd will never be complacent and will grow to be among the top 10 business conglomerates of the world. Addressing employees on Reliance Family Day - the birthday of the group's founder Dhirubhai Ambani, he said Reliance is now aiming to consolidate a place among global leaders in digital data platforms and AI adoption. "Today, the domestic and global environments for business are changing very fast. There is simply no room for complacency," he said. "Reliance was never complacent in the past, and Reliance will never be complacent in future." Reliance, he said, is known for "disrupting the market through constant innovation and reinvention." Starting with a small textile manufacturing unit in Mumbai, Reliance did backward integration -- it ventured into petrochemicals .
In July 2023, the company had informed the exchanges about the appointment of the three directors, which was subject to approval from the central bank
At least two proxy advisory firms had recommended investors vote against Anant Ambani's appointment
In August, Mukesh Ambani began executing a succession plan for his energy-to-technology conglomerate, appointing his three children to the board of Reliance Industries Ltd
How the rise of nuclear families in business transformed succession
Reliance Retail Limited's debt-to-equity ratio increased from 1.35 in FY22 to 1.91 in FY23
In which we munch over the week's platter of news and views
The 66-year-old elevated his three children as non-executive directors to Reliance's board and said he will spend the next five years of his chairmanship preparing them to take charge
That transition could arrive by 2028. At Reliance Industries Ltd.'s annual general meeting Monday, the 66-year-old announced that his three children would be joining the board
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Mukesh Ambani says Reliance Retail will be its fastest growing business in revenues and EBITDA
Ambani's wife, Nita Ambani, is stepping down from Reliance Industries Ltd's board, as it approved the appointments of Isha, Akash, and Anant Ambani as non-executive directors
RIL AGM: From Mukesh Ambani's address to major announcements, check all the live updates and news related to Reliance's 46th annual general meeting here