Ambani was admitted to the Breach Candy Hospital in Mumbai on 24 June 2002 after he suffered a major stroke. It was his second stroke, the first had occurred in February 1986 and had paralyzed his right hand. At the tiny office, he began to make a team that would stay with Reliance for years, which includes Rasikbhai Meswani , Ramnikbhai, Nathubhai , and two former schoolmates named Rathibhai Mucchala and Narottambhai Joshi. The first office of the Reliance Commercial Corporation was set up at the Narsinatha Street in Masjid Bunder. Ambani returned to India and started “Majin” in partnership with Champaklal Damani, his second cousin, who lived with him in Yemen. Kokila Dhirubhai AmbaniChildren4 AwardsPadma Vibhushan Dhirajlal Hirachand Ambani (28 December 1932 — 6 July 2002), popularly known as Dhirubhai Ambani, was an Indian business tycoon who founded Reliance Industries.

Read more IOC member Mrs Nita Ambani hails decision to award Mumbai IOC session in 2023Mumbai received a historic 99% of the votes in favour of its bid from the delegates participating in the process, with 75 members endorsing its candidature to host the IOC session in 2023. RIL today clarified that its group company Reliance Industrial Investments and Holdings Ltd , which acquired Stoke Park estate recently, is aimed at enhancing this as a premier golfing and sporting resort, while fully complying with the planning guidelines and local regulations. Further, the Ambanis also flew down to their new home for Diwali this year, which they generally celebrate in ‘Antilia’. After celebrating Diwali, the Ambani family will return to India and will fly back to their UK mansion next year in April once things have settled and are in place.

I am sure all parents and grandparents amongst you have experienced the same joy,” Ambani said, calling the “tradition of inter-generational living together” as a “unique and precious asset” of the Indian culture. All senior leaders — including himself — should “yield to the highly competent, extremely committed and incredibly promising talent” at the Reliance group, the 64-year-old said. Sign up for a weekly curated briefing of the most important strategic affairs stories from across the world.

Australian bank Macquarie cut its 12-month target price for Reliance shares to 1,320 rupees and slashed its earnings estimate by 20% for the financial years ending in March 2022 and March 2023. Since the September high, shares slid to an intra-day low of 1,835 rupees on November 3 before recovering to trade talin boutique reviews at 1,955.1 on November 5. More recently, however, investors have seemed to sense something is amiss, perhaps at the company’s top rung. Shares began to slide again in October and on November 2 plunged a whopping 9%. Get live Share Market updates and latest India News and business news on Financial Express.

This facility was e-inaugurated by the state’s Hon’ble Chief Minister Shri Bhupendrabhai Patel at Guru Govindsingh Hospital in Jamnagar. Present with him at this inauguration were the state’s ministers, local MP, MLAs and senior officials from the government of Gujarat, as well as Shri Parimal Nathwani, Director-Corporate Affairs at Reliance Industries Ltd and Rajya Sabha MP. Nurturing 100 of India’s brightest students to create tech for social goodReliance Foundation Scholarships, a pioneering initiative to nurture India’s potential technology leaders of tomorrow, is now open for applications. Reliance Foundation will identify and support 100 of India’s brightest UG / PG students with a generous grant award and a strong development programme that will nurture their skills to innovate for social good. The Reliance Foundation Scholars will be poised to lead and be at the forefront of India’s technological growth. Our latest annual report highlights stories of impact from the last year along with our recent efforts in supporting the nation through the pandemic.

Ten organizations from across India have been selected as grantees through this challenge and over 3 lakh women and girls across 17 states of India will benefit from initiatives to close the gender digital divide and empower women through technology. Mr. Mukesh D. Ambani is a Chemical Engineer from the Institute of Chemical Technology, Mumbai . He initiated Reliance’s backward integration journey – from textiles to polyester fibres and further onto petrochemicals and petroleum refining, and going upstream into oil and gas exploration and production.

The Adani group, led by Indian tycoon Gautam Adani, has held preliminary talks on a range of potential cooperation and joint investment opportunities with Saudi Aramco and the country’s Public Investment Fund, according to the people. TEHELKA is the fastest growing national news group for English & Hindi news magazines. The core value of the brand is to uphold the truth with a free, fair and fearless attitude. The company has a high standard of excellence in journalism and a commitment to assist in India’s fight against corruption.

Jio established a world record by acquiring its first 100 million customers in just 170 days. Today Jio is the number one telecom operator in the country surpassing Airtel and Vi. From using the internet through Jio, listening to music on JioSaavn, or maybe watching Shark Tank on Voot, you’re consuming aReliance Industriesproduct in one way or another. Started by Dhirubhai Ambani, Reliance has given a lot to the country and has grown immensely under Mukesh Ambani’s guidance.