Latest news with #MukeshAmbani
Indian Express
an hour ago
- Business
- Indian Express
Top 10 largest Indian companies in 2025: Reliance Industries leads, globally ranks #45
Top 10 largest Indian companies in 2025: India has secured a prominent position in the latest Forbes Global 2000 list, which ranks the largest publicly traded companies worldwide. In a notable mention, all 70 Indian companies on the list highlight an impressive $1.3 trillion in sales, generate $126 billion in profits, hold $5.5 trillion in assets, and possess a market value of $2.3 trillion combined. Headed by Indian billionaire Mukesh Ambani, Reliance Industries continues to hold the top position in the Forbes Global 2000 India list, reporting impressive sales and profits of $114 billion and $8.24 billion, respectively, thereby also improving its global standing, moving up four ranks to #45. HDFC Bank — India's most profitable bank, ranking #2 — has made a significant leap, rising 12 spots to rank #53 globally in 2025. This advancement allowed it to surpass the state-run State Bank of India, which retained its global ranking at #55 but fell to 3rd place in India. Among India's most valuable companies, the Tata Group stands out with the largest representation, featuring six of its companies in the rankings — Tata Motors at #8, Tata Consultancy Services at #13, Tata Steel at #31, Titan at #50, Tata Power Company at #55, and the new entrant, Trent, at #70. Source: Forbes' Global 2000 – INDIA Methodology: The Global 2000 ranks the largest companies in the world using four metrics: sales, profits, assets and market value – using the latest 12 months of financial data available to us as of April 25, 2015, to calculate the factors used in our rankings. Cherry Gupta is an Assistant Manager - Content at The Indian Express. She is responsible for crafting compelling narratives, uncovering the latest news and developments, and driving engaging content based on data and trends to boost website traffic and audience engagement. One can connect with her on LinkedIn or by mail at ... Read More
India.com
3 hours ago
- Business
- India.com
India's most expensive yacht is owned by THIS billionaire, not Mukesh Ambani, Gautam Adani, it costs Rs..., owner is...
India's most expensive yacht is owned by THIS billionaire, not Mukesh Ambani, Gautam Adani, it costs Rs..., owner is... Billionaires around the world are known for their unique and expensive hobbies. Some buy luxurious homes, some prefer private jets, and others invest in fancy yachts. In India too, a few billionaires own yachts like Mukesh Ambani and Gautam Singhania. But do you know who owns the most expensive yacht in India? It's not Ambani or Singhania, but it is Lakshmi Mittal. How rich is Lakshmi Mittal? Lakshmi Mittal is the Chairman of ArcelorMittal, the world's largest steel and mining company based on production. The company earns around USD 68 billion in revenue, and Mittal's personal net worth is about USD 19.2 billion, which is nearly Rs. 1.66 lakh crore. What's special about Lakshmi Mittal's Yacht? Mittal owns a luxury yacht named Amevi. According to media reports, it was designed in 2007 by the famous interior designer Alberto Pinto. The yacht was built by Nuvolari Lenard, a well-known yacht design studio in Italy. The yacht is worth around USD 125 million, which is approximately Rs. 1,080 crore in Indian currency. Why is Amevi so expensive? The yacht is designed by the acclaimed interior designer Alberto Pinto in 2007 and built by the prestigious Italian yacht design studio Nuvolari Lenard. The Amevi yacht is 262 feet long and packed with top-class luxury features, which is why it comes with such a high price tag. Here's what makes it stand out: A heated swimming pool A grand sky lounge with stunning views A private cinema hall A massage room for relaxation A pool table area Even a helipad, where a helicopter can land How many people can travel in Ameri Yacht? This superyacht can host around 16 guests in 8 VIP suites, and it also has space for 22 crew members in 10 cabins. The Amevi is powered by twin diesel MTU 16V 595 TE70 engines, which are 16-cylinder engines. It can cruise at a speed of 14 knots (about 26 km/h), making it not just luxurious, but also powerful.
Economic Times
a day ago
- Business
- Economic Times
RIL shares down over 7% in 1 year, Macquarie gives Rs 1,580 target price
Despite Mukesh Ambani's Reliance Industries Ltd (RIL) stock declining 7.5% over the past year, global brokerage firm Macquarie remains bullish on the stock and has assigned a target price of Rs 1,580. ADVERTISEMENT The firm has maintained an 'Outperform' rating, citing multiple growth levers, a reset in earnings expectations post-June quarter, and potential reinvigoration in the company's retail segment. Macquarie now forecasts a 10–12% compound annual growth in earnings per share (EPSg) for FY25–28e, with earnings estimates trimmed post the Q1 results. The revised estimates are 5–8% below Visible Alpha (VA) consensus for FY26–28e. Nonetheless, the brokerage remains positive on RIL's prospects, calling it one of its "Super 6" best ideas and expects improving fundamentals to support a re-rating in the projects Reliance's EBITDA for FY27–28 at $10–11.5 billion, supported by 200–300 basis points in margin improvement. However, it notes that EBIT may still lag due to higher depreciation and amortization. ADVERTISEMENT In the Jio segment, subscriber growth is estimated at 2% with ARPU growth of 8–10% annually, slightly above consensus, though EBIT is expected to be weighed down by elevated Retail, revenue forecasts have been trimmed, with Macquarie now expecting a 13% CAGR in FY25–28. EBIT margins, however, are seen improving by around 100 basis points, assuming no losses from Jiomart, as the business leverages its existing footprint. The firm sees only modest growth in retail due to limited visibility but notes that improved productivity per square foot and store additions remain key upside triggers. ADVERTISEMENT In Oil to Chemicals (O2C), Macquarie has made no material changes, maintaining its existing recovery outlook. For Exploration & Production (E&P), EBIT forecasts have been sharply cut, particularly for KGD6, due to higher opex and revised volume assumptions. Also read: NSDL IPO: What GMP signals ahead of launch and what it means for investors The brokerage has also increased its capex forecasts, anticipating higher spend in the New Energy segment, which is one of the company's long-term focus areas. ADVERTISEMENT Macquarie's target price is based on a scenario-weighted sum-of-the-parts (SOTP) valuation model, with adjustments made in Retail, Media, and New Energy segment weightings. Key catalysts for RIL's stock performance include: Strategic direction and growth targets at the upcoming AGM, Recovery in retail revenue, Commissioning of new energy capacities, Progress toward the listing of Jio. Despite the lowered earnings estimates relative to consensus, Macquarie believes the current environment provides a tactical opportunity to accumulate the stock ahead of a potential improvement in earnings momentum and positive triggers from upcoming corporate events. ADVERTISEMENT The key downside risks highlighted by Macquarie include a failure in earnings delivery, slower-than-expected retail revenue growth, and delayed or muted impact of Jio tariff adjustments. However, the firm remains constructive on the long-term outlook, banking on multiple growth levers across segments. Around 1:30 pm today, the shares of Reliance Industries were trading flat at Rs 1,395.95 on the BSE. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
a day ago
- Business
- Time of India
RIL shares down over 7% in 1 year, Macquarie gives Rs 1,580 target price
Despite Mukesh Ambani 's Reliance Industries Ltd (RIL) stock declining 7.5% over the past year, global brokerage firm Macquarie remains bullish on the stock and has assigned a target price of Rs 1,580. The firm has maintained an 'Outperform' rating, citing multiple growth levers, a reset in earnings expectations post-June quarter, and potential reinvigoration in the company's retail segment. Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy Technology CXO MCA Product Management Degree Design Thinking MBA Digital Marketing Leadership Data Science Healthcare Operations Management Data Science Management healthcare Artificial Intelligence Finance Others Project Management PGDM Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gold Is Surging in 2025 — Smart Traders Are Already In IC Markets Learn More Undo Macquarie now forecasts a 10–12% compound annual growth in earnings per share (EPSg) for FY25–28e, with earnings estimates trimmed post the Q1 results. The revised estimates are 5–8% below Visible Alpha (VA) consensus for FY26–28e. Nonetheless, the brokerage remains positive on RIL's prospects, calling it one of its "Super 6" best ideas and expects improving fundamentals to support a re-rating in the stock. Growth outlook Live Events Macquarie projects Reliance's EBITDA for FY27–28 at $10–11.5 billion, supported by 200–300 basis points in margin improvement. However, it notes that EBIT may still lag due to higher depreciation and amortization. In the Jio segment, subscriber growth is estimated at 2% with ARPU growth of 8–10% annually, slightly above consensus, though EBIT is expected to be weighed down by elevated depreciation. In Retail, revenue forecasts have been trimmed, with Macquarie now expecting a 13% CAGR in FY25–28. EBIT margins, however, are seen improving by around 100 basis points, assuming no losses from Jiomart, as the business leverages its existing footprint. The firm sees only modest growth in retail due to limited visibility but notes that improved productivity per square foot and store additions remain key upside triggers. In Oil to Chemicals (O2C), Macquarie has made no material changes, maintaining its existing recovery outlook. For Exploration & Production (E&P), EBIT forecasts have been sharply cut, particularly for KGD6, due to higher opex and revised volume assumptions. Also read: NSDL IPO: What GMP signals ahead of launch and what it means for investors The brokerage has also increased its capex forecasts, anticipating higher spend in the New Energy segment, which is one of the company's long-term focus areas. Macquarie's target price is based on a scenario-weighted sum-of-the-parts (SOTP) valuation model, with adjustments made in Retail, Media, and New Energy segment weightings. Key catalysts for RIL's stock performance include: Strategic direction and growth targets at the upcoming AGM, Recovery in retail revenue, Commissioning of new energy capacities, Progress toward the listing of Jio. Despite the lowered earnings estimates relative to consensus, Macquarie believes the current environment provides a tactical opportunity to accumulate the stock ahead of a potential improvement in earnings momentum and positive triggers from upcoming corporate events. Potential risks to the thesis The key downside risks highlighted by Macquarie include a failure in earnings delivery, slower-than-expected retail revenue growth, and delayed or muted impact of Jio tariff adjustments. However, the firm remains constructive on the long-term outlook, banking on multiple growth levers across segments. Around 1:30 pm today, the shares of Reliance Industries were trading flat at Rs 1,395.95 on the BSE. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
India.com
a day ago
- Business
- India.com
Video of Isha Ambani, Radhika Merchant doing Puja at Nita Ambani's store opening goes viral, watch
Nita Ambani, wife of Mukesh Ambani and one of India's top industrialists, is currently in the headlines due to the opening of her new flagship Swadesh store in Mumbai. Before the launch, the Ambani family gathered to perform a puja. Nita Ambani was seen performing the rituals along with her daughter Isha Ambani and daughters-in-law Shloka Ambani and Radhika Ambani. Swadesh is open at Mumbai's most iconic landmarks: the Eros Building in Churchgate. Reliance Industries inaugurated the Swadesh flagship store on July 25, 2025. Dressed in traditional attire with heavy jewellery, Isha wore a dark pink Patola saree, while Radhika opted for a yellow-golden silk saree. Radhika wore a heavy, embellished suit. Radhika Merchant with Isha Ambani Nita Ambani's look decoded For the puja, Nita Ambani wore a magnificent Madurai cotton gharchola saree, which was hand-woven by Rajkot craftsman Rajshrinder in 10 months. What made this look special was a ring-like armband that had belonged to his maternal great-grandmother. This is the same armband Nita wore on her wedding day. She now intends to pass it on to her daughter Isha and, in the future, to her granddaughter Veda Akash Ambani. Nita Ambani Meanwhile, pictures related to the puja, as well as Nita and Mukesh Ambani's wedding, were shared on Instagram from Swadesh's official account. The initiative, aimed at preserving traditional Indian handicrafts, is run by Nita Ambani's Reliance Foundation. These pictures were released during a puja organized ahead of the inauguration of Swadesh's flagship store in Mumbai. Nita Ambani and Shloka Ambani perform puja What is Swadesh all about? Swadesh is not your typical store. It's built on the idea that India's handmade heritage deserves the spotlight. From handwoven saris and hand-carved artifacts to textiles and décor from every corner of the country, Swadesh aims to create a space where ancient craft meets contemporary design. The idea is to not just sell products but to honour the skilled artisans behind them.
