Latest news with #RelianceIndustries
India.com
6 hours ago
- Entertainment
- India.com
Mukesh Ambani and Nita Ambani's son Anant Ambani vs Amazon CEO's Jeff Bezos wedding: Whose budget is more? One crossed Rs 5000 crore, other is only Rs…
Mukesh Ambani and Nita Ambani's son Anant Ambani vs Amazon CEO's Jeff Bezos wedding: Whose budget is more? One crossed Rs 5000 crore, other is only Rs... Amazon founder Jeff Bezos and Emmy-winning journalist Lauren Sanchez have tied the knot at a spectacular ceremony in Italy, Venice on Friday. Dubbed as 'wedding of the century', the celebration saw attendance of several A-listers, joined at the iconic San Giorgio Maggiore Island for their union. The couple hosted an ultra-luxurious, three-wedding ceremony in Italy, from June 24 to June 26. Approximately, the reported budget of their wedding cost Rs €55 million (over Rs 548 crore). While this seems to be a staggering figure, still it stands nothing in comparison to Mukesh Ambani's son Anant Ambani's wedding to Radhika Merchant, held in 2024. Mukesh Ambani's son Anant Ambani's wedding cost more than Jeff Bezos's wedding? Billionaire and Reliance Industries Chairman Mukesh Ambani and his wife Nita Ambani hosted a grand wedding of their youngest son Anant Ambani, last year at Jio World Convention Centre, Mumbai. Prior to that, the Ambanis hosted an extravagant three-day pre-wedding celebration in Jamnagar, Gujarat, and continued with an ultra-luxurious Mediterranean cruise. Following this, they had included glamorous themes for their star-studded guests, including a masquerade ball, a toga-themed soirée and more. The reported guest list of Ambani wedding boasted numerous A-listers including Ivanka Trump, Jared Kushner, Kim Kardashian, Beyone, Bill Gates, Lady Gaga, Kate Perry, Jay-Z and many others. According to reports, Mukesh Ambani Nita Ambani spent a staggering Rs 5000 crore on Anant Ambani and Radhika Merchant's wedding. Interestingly, their whopping budget surpasses to that billionaire Jeff Bezos and Lauren Sanchez's wedding. Jeff Bezos's and Lauren Sanchez sumptuous wedding in Italy Nevertheless, Bezoz's wedding occurred at one of Venice's most iconic and imposing landmarks. Over 200 guests were expected as VIPs, including Oprah Winfrey, Kim Kardashian, Katy Perry, Ivanka Trump and members of the Trump family, among others. Their celebrations are expected to end on Saturday with a lavish party likely to be held at the Arsenale. According to Forbes, Jeff Bezoz's estimated net worth of $223.5 billion has made him one of the richest individuals globally, ranking behind Ellon Musk and March Zuckerberg.
Hans India
8 hours ago
- Business
- Hans India
Benchmarks extend rally for 4th session; FIIs drive gains
Mumbai:Equity benchmark indices Sensex and Nifty advanced for the fourth straight session on Friday, supported by buying in blue-chips ICICI Bank and Reliance Industries amid fresh foreign fund inflows. A strengthening rupee against the US dollar and softening crude oil prices in international markets also boosted investor confidence, according to traders. The BSE Sensex climbed 303.03 points or 0.36 per cent to reclaim the 84,000 level and settle at 84,058.90. During the day, it jumped 333.48 points or 0.39 per cent to 84,089.35. As many as 2,251 advanced, while 1,760 declined and 154 remained unchanged on the BSE. On the similar lines, the 50-share NSE Nifty rose 88.80 points or 0.35 per cent to 25,637.80. On the weekly front, the BSE benchmark surged 1,650.73 points or 2 per cent, and the Nifty climbed 525.4 points or 2 per cent. 'Benchmark indices Nifty and Sensex closed on a firm footing on Friday, capping off the week with robust gains. The rally was underpinned by de-escalation in geopolitical tensions post the Israel-Iran ceasefire and growing optimism surrounding a prospective US-India trade pact, which acted as key macro tailwinds. On a weekly basis, both frontline indices logged gains of 2 per cent,' according to Bajaj Broking market commentary. From the Sensex pack, Asian Paints, UltraTech Cement, Power Grid, ICICI Bank, Reliance Industries, Hindustan Unilever, Bharat Electronics and Sun Pharma were among the major gainers.
&w=3840&q=100)
Business Standard
21 hours ago
- Business
- Business Standard
Sensex reclaims 84K level for first time since October, nears peak
Benchmark indices rose for a fourth straight session on Friday, with the Sensex closing above the 84,000 mark for the first time since October 1, 2024. The rally was fuelled by improving sentiment amid easing geopolitical tensions and optimism over potential trade deals between the US and its trading partners. Both indices posted weekly gains of 2 per cent, the most since the week ended May 16. The Nifty rose 0.35 per cent, or 89 points, to settle at 25,638, while the BSE Sensex climbed 0.36 per cent, or 303 points, to close at 84,059. Both benchmarks ended at their highest levels since October 1. In the broader market, the Nifty Smallcap 100 and Midcap 100 indices gained 4.3 per cent and 2.4 per cent, respectively, over the week. Most of the week's gains were driven by HDFC Bank and Reliance Industries (RIL), the top two weights in the Sensex and Nifty. RIL rose 3.5 per cent this week, supported by upbeat earnings forecasts from multiple brokerages. HDFC Bank gained 2.5 per cent during the week on expectations of lower funding costs and strong gross domestic product growth. The Nifty and Sensex are now trading less than 3 per cent below their all-time highs, last seen on September 27. The week's gains followed the announcement of a ceasefire between Israel and Iran, which led to a decline in oil prices. The Nifty Metal index outperformed this week, jumping nearly 5 per cent as a weaker dollar lifted the global outlook for commodities by making them more affordable. Expectations of deeper US rate cuts and uncertainty ahead of former President Donald Trump's July 9 tariff deadline weighed on the dollar. 'Things are looking better on the geopolitical front, and there is hope that the US and its key trading partners will reach a deal,' said Ambareesh Baliga, independent equity analyst. Even if a deal doesn't materialise before the July 9 deadline, there's a chance of an extension, Baliga said. Market breadth was positive, with 2,165 stocks advancing and 1,846 declining. Foreign portfolio investors were net buyers to the tune of ₹1,397 crore, while domestic institutional investors were net sellers to the tune of ₹589 crore. The total market capitalisation of BSE-listed firms rose by ₹2.5 trillion to ₹460 trillion ($5.4 trillion). 'For trend-following traders, 25,500–25,300 on the Nifty and 83,300-82,700 on the Sensex would act as crucial retracement support zones. As long as the market remains above these levels, the uptrend is likely to continue on the higher side, with 25,850/84,400 serving as the immediate resistance level,' said Amol Athawale, VP-Technical Research, Kotak Securities. Meanwhile, the rupee strengthened for the second consecutive day on Friday, supported by likely inflows from global funds and a weaker dollar index. The domestic currency closed 22 paise higher at 85.49, a day after closing at 86.71 against the dollar. The currency saw its best week since January 2023, driven mainly by a plunge in crude oil prices amid Israel-Iran conflicts.
India.com
a day ago
- Business
- India.com
How much salary does Isha Ambani earn at Reliance? Mukesh Ambani's daughter earns more salary than her father, her monthly income is Rs...
Isha Ambani earns more salary than her father Mukesh Ambani. (File) Isha Ambani salary: Isha Ambani, the daughter of billionaire Mukesh Ambani, and Nita Ambani, has carved her own niche as a successful businesswoman, leading Reliance Retail– the retail arm of Reliance Industries– to become India's largest retailer within a few years of its launch. But have you ever wondered how much salary Isha Ambani takes as the head of Reliance Retail? Surprisingly, her salary is more than her illustrious father Mukesh Ambani, the richest man in Asia. Isha Ambani salary According to a report by the Economic Times, Isha Ambani earns a monthly salary of Rs 35 lakhs, and has an annual income of roughly Rs 4.2 crore, without additional bonuses and dividends from company shares. Currently, Isha Ambani serves as the Executive Director at Reliance Retail Ventures Limited (RRVL), and also sits on the board of several Reliance Industries firms, including Reliance Retail Ventures, Reliance Jio Intercomm, and the Reliance Foundation. Isha Ambani career An alumnus of the prestigious Yale University, Isha Ambani heads Reliance Retail, the retail arm of Reliance Industries, which has an estimated marked valuation of 8.3 lakh crores. Under Isha's leadership, Reliance Retail has witnessed exponential growth in a short period of time, opening 3,300 stores across the country in 2023, and brought top global fashion brands such as Versace, Amiri, Armani, and Balenciaga, to the Indian market. Apart from the fashion industry, Isha Ambani-led Reliance Retail has ventured into other segments including groceries, electronics, healthcare, and e-commerce, with well-known brands like AJIO, Tira, Dunzo, Netmeds, Reliance Digital and Reliance Trends. Notably, Isha Ambani did not start her career at her father's conglomerate. After earning a bachelor's degree in psychology and South Asian studies from the prestigious Yale University, the 32-year-old briefly worked as a business analyst for Mckinsey & Company in 2014. According to business insiders, the move was aimed to groom Isha Ambani, then 22, for a future leadership role at Reliance.
The Hindu
a day ago
- Business
- The Hindu
Markets extend winning run to 4th day on fresh foreign fund inflows; Sensex gains 300 points
Equity benchmark indices Sensex and Nifty advanced for the fourth straight session on Friday (June 27, 2025), supported by buying in blue-chips ICICI Bank and Reliance Industries amid fresh foreign fund inflows. A strengthening rupee against the U.S. dollar and softening crude oil prices in international markets also boosted investor confidence, according to traders. The BSE Sensex climbed 303.03 points or 0.36% to reclaim the 84,000 level and settle at 84,058.90. During the day, it jumped 333.48 points or 0.39% to 84,089.35. On the similar lines, the 50-share NSE Nifty rose 88.80 points or 0.35% to 25,637.80. From the Sensex pack, Asian Paints, UltraTech Cement, Power Grid, ICICI Bank, Reliance Industries, Hindustan Unilever, Bharat Electronics and Sun Pharma were among the major gainers. In contrast, Trent, Eternal, Axis Bank and Titan were among the laggards. Foreign Institutional Investors (FIIs) bought equities worth ₹12,594.38 crore on Thursday (June 26, 2025), according to exchange data. 'Key catalysts like the ceasefire in the Middle East and optimism on easing trade tensions ahead of the deadline have cleared the clouds in the minds of investors. After consecutive days of selling, FIIs have turned into net buyers in the domestic market, contributing to improved market stability in the near term. 'Moreover, benign oil prices and a strengthening rupee influenced investors to focus on domestic growth themes,' Vinod Nair, Head of Research, Geojit Investments Limited, said. In Asian markets, Japan's Nikkei 225 index settled higher, while South Korea's Kospi, Shanghai's SSE Composite index and Hong Kong's Hang Seng ended lower. European markets were trading in the green in afternoon trade. U.S. markets ended in positive territory on Thursday (June 26, 2025). Meanwhile, an RBI report has suggested that all banks should bring down their lending rates for speedy transmission of the policy rate, which was lowered by 50 basis points earlier this month. An article published in the Reserve Bank's June Bulletin stressed that the financial conditions remained conducive to facilitating an efficient transmission of rate cuts. Global oil benchmark Brent crude climbed 0.72% to $68.20 a barrel. On Thursday (June 26, 2025), the Sensex had jumped 1,000.36 points, or 1.21%, to settle at 83,755.87. The Nifty rallied 304.25 points, or 1.21%, to 25,549.
