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Mukesh Ambani and Nita Ambani's daughter Isha Ambani did not start her career at Reliance, she worked for...., her salary was...

Mukesh Ambani and Nita Ambani's daughter Isha Ambani did not start her career at Reliance, she worked for...., her salary was...

India.com14 hours ago

Isha Ambani with parents Mukesh Ambani and Nita Ambani. (File)
Isha Ambani, the daughter of Mukesh Ambani and Nita Ambani, has emerged as a successful young businesswoman in recent years, transforming Reliance Retail– the retail arm of Reliance Industries– into India's largest retailer which has partnerships with major international brands such as Versace, Amiri, Armani, and Balenciaga.
But did you know that Isha Ambani did not start her professional career at Reliance Industries. Yes, despite being the heiress to India's most valued company, Isha chose to work for a New York-based company after completing her studies. Isha Ambani worked for this company
Prior to joining her father's expansive oil-to-telecom conglomerate, Isha Ambani briefly worked as a business analyst at McKinsey & Company, a US-based multinational strategy and management consulting firm that offers professional services to corporations, governments, and other organizations.
In 2014, Isha Ambani, then 22, earned her bachelor's degree in psychology and South Asian studies from the prestigious Yale University, and joined Mckinsey & Company as a business analyst. According to industry insiders, the move was aimed to groom Isha for a future leadership role at Reliance.
The prophecy was fulfilled as Isha Ambani, following a brief stint at Mckinsey, joined the her father's expansive oil-to-telecom conglomerate, and currently heads Reliance Retail, a subsidiary of Reliance Industries. Isha Ambani salary
While there is no publicly available information about Isha Ambani's salary at McKinsey & Company, its believed that she may have received some 'token amount', as the stint was primarily meant to groom her for a future role at Reliance. Isha Ambani net worth
According to various reports, Isha Ambani owns assets worth Rs 800 crore and has an annual income of Rs 4.2 crore. Isha Ambani career
Isha Ambani, the only daughter of Asia's richest man Mukesh Ambani, runs Reliance Retail, India's largest retailer which is a partner brand of major international brands such as Versace, Amiri, Armani, and Balenciaga, bringing reputed international brands, into the Indian market.
Under Isha's leadership, Reliance Retail, which has an estimated value of around Rs 8.3 lakh crores, has witnessed exponential growth in a short period of time, opening 3,300 stores across the country in 2023.
Apart from serving as the Managing Director of Reliance Retail Ventures Limited, the 33-year-old also sits on the board of several Reliance Industries companies, including Reliance Retail Ventures, Reliance Jio Intercomm, and the Reliance Foundation.
Additionally, Isha Ambani is also the co-founder of the Tira Beauty platform and serves as its Executive Director.

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Gold prices today in your city: Check prices in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata on June 8
Gold prices today in your city: Check prices in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata on June 8

Mint

time32 minutes ago

  • Mint

Gold prices today in your city: Check prices in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata on June 8

Gold, silver prices in your city, June 8: Gold prices have moderated after weak US economic data ahead of the Federal Reserve's near-term interest rate decision and amid news of US President Donald Trump's phonecall with Chinese counterpart Xi Jinping. According to Prathamesh Mallya, DVP- Research, Non-Agri Commodities and Currencies at Angel One, the yellow metal is still shining bright due to status of the Russia-Ukraine war and uncertainty over the US-China tariffs. Jigar Trivedi, Senior Research Analyst at Reliance Securities noted that investors will also be 'closely monitoring' the developments between Donald Trump and Elon Musk. Overall, experts feel that commodities (gold and silver) have emerged as the safe haven investment in these volatile markets, but caution must be maintained. In terms of returns, over the past year along, gold cost has jumped 30 per cent, returned 15 per cent CAGR since 2001; and since 1995, has beaten inflation by over 2-4 per cent, data shows. Prices opened higher/lower today at 7.20 am on June 8. The MCX gold index was at ₹ 97,250/10 gm, the official website showed. Meanwhile, MCX silver prices were at ₹ 96,039/kg, it showed. Further, 24-carat gold was priced at ₹ 97,000/10 gm, according to data on the Indian Bullion Association (IBA) at 7.20 am on June 8. Further, 22-carat gold was priced at ₹ 88,917/10 gms. And, silver prices today are at ₹ 96,110/kg (Silver 999 Fine), as per the IBA website. So, check here for prices of gold and silver in your city today on June 8 — Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. Notably, for retail customers, jewellers may add making charges, taxes and GST to the bill, which could hike the final price for you. Gold bullion rates in Mumbai — ₹ 96,970/10 gm. 96,970/10 gm. MCX Gold rate in Mumbai — ₹ 97,051/10 gm. 97,051/10 gm. Silver bullion rate in Mumbai — ₹ 1,05,700/kg. 1,05,700/kg. MCX Silver 999 rate in Mumbai — ₹ 1,05,525/kg. Gold bullion rates in New Delhi — ₹ 96,800/10 gm. 96,800/10 gm. MCX Gold rate in New Delhi — ₹ 97,051/10 gm. 97,051/10 gm. Silver bullion rate in New Delhi — ₹ 1,05,520/kg. 1,05,520/kg. MCX Silver 999 rate in New Delhi — ₹ 1,05,525/kg. Gold bullion rates in Kolkata — ₹ 96,840/10 gm. 96,840/10 gm. MCX Gold rate in Kolkata — ₹ 97,051/10 gm. 97,051/10 gm. Silver bullion rate in Kolkata — ₹ 1,05,560/kg. 1,05,560/kg. MCX Silver 999 rate in Kolkata — ₹ 1,05,525/kg. Gold bullion rates in Hyderabad — ₹ 97,120/10 gm. 97,120/10 gm. MCX Gold rate in Hyderabad — ₹ 97,051/10 gm. 97,051/10 gm. Silver bullion rate in Hyderabad — ₹ 1,05,870/kg. 1,05,870/kg. MCX Silver 999 rate in Hyderabad — ₹ 1,05,525/kg. Gold bullion rates in Chennai — ₹ 97,250/10 gm. 97,250/10 gm. MCX Gold rate in Chennai — ₹ 97,051/10 gm. 97,051/10 gm. Silver bullion rate in Chennai — ₹ 1,06,010/kg. 1,06,010/kg. MCX Silver 999 rate in Chennai — ₹ 1,05,525/kg. Gold bullion rates in Bengaluru — ₹ 97,040/10 gm. 97,040/10 gm. Gold rate in Bengaluru — ₹ 97,051/10 gm. 97,051/10 gm. Silver bullion rate in Bengaluru — ₹ 1,05,790/kg. 1,05,790/kg. MCX Silver 999 rate in Bengaluru — ₹ 1,05,525/kg. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

Government approves shifting of Gurgaon's Kherki Daula toll plaza on Delhi-Jaipur NH to Pachgaon
Government approves shifting of Gurgaon's Kherki Daula toll plaza on Delhi-Jaipur NH to Pachgaon

Time of India

timean hour ago

  • Time of India

Government approves shifting of Gurgaon's Kherki Daula toll plaza on Delhi-Jaipur NH to Pachgaon

NEW DELHI: The government has approved shifting of Gurgaon's Kherki Daula toll plaza on the Delhi-Jaipur National Highway (NH-48) to Pachgaon, a place beyond Manesar, paving the way for easy commute for lakhs of office goers. Tired of too many ads? go ad free now When the plaza is moved to Pachgaon, over 15 kilometres from Gurgaon, commuters travelling between Delhi and Manesar also won't have to pay toll. Locals have been demanding its removal since 2014. TOI has learnt that Union road transport and highways minister has approved the plan, and to ensure the new spot doesn't see any congestion, the National Highways Authority of India (NHAI) will go for Multi Lane Free Flow (MLFF) toll collection system. For the new facility, the Haryana government has provided nearly 28 acres of land to the highway authority, sources said. The process of shifting and starting the MMLF system to collect toll at Pachgaon may take around six months. 'Pachgaon is the ideal location as it falls beyond Gurgaon and Manesar. Since there is an interchange of the Western Peripheral Expressway and the NH-48 at Pachgaon, the new toll collection point couldn't have been beyond the intersection,' a source said. In the MMLF system, vehicles don't need to stop as overhead cameras installed for each lane will read the vehicle registration number and automatically deduct the charge from the FASTag wallet linked to the vehicle. Sources said a decision has also been taken to have an integrated system to ensure that traffic coming from the Dwarka Expressway side and heading towards Jaipur don't end up paying toll at this point once again as user fee. Tired of too many ads? go ad free now 'This is very much possible. Once the annual toll pass for private vehicles is rolled out most of the issues will be resolved automatically,' said a source. The shifting of the toll plaza will end conflicts between operators and people from areas adjoining Kherki Daula, and fulfil the promise the Haryana and central governments have been making for the past seven to eight years. Locals have been demanding that the NHAI shift the toll plaza citing that the govt has recovered more than the investment made in constructing the Delhi-Gurgaon Expressway by private players and the highway authority. In a written reply to a question in Lok Sabha in March, the road transport ministry said against Rs 2,489 crore incurred as cost for the NH-48's Delhi-Gurgaon stretch, the toll collection has been around Rs 2,775 crore, around 11% more than the investment. After completion of this 27-km Delhi-Gurgaon Expressway, commuters were paying user fees at Sirhaul (Delhi-Gurgaon border) and Kherki Daula toll plazas. Tolling was stopped at the Delhi-Gurgaon border in 2014, bringing relief to commuters travelling between Dhaula Kuan in Delhi and Kherki Daula. However, those going beyond this point paid toll for the entire stretch. At present, NHAI collects toll through its agency. Meanwhile, sources said the decision to shift the Kherki Daula toll plaza by the road transport ministry will create more pressure on the Delhi government and the Municipal Corporation of Delhi (MCD) to do away with physical entry fee collection booths on the capital's borders to prevent congestion. Traffic jams at these places defeat the purpose of huge investment in building highways and expressways for faster connectivity to Delhi.

Week Ahead: Inflation data, US tariffs, FII flow, global cues among key triggers for Indian stock market
Week Ahead: Inflation data, US tariffs, FII flow, global cues among key triggers for Indian stock market

Mint

timean hour ago

  • Mint

Week Ahead: Inflation data, US tariffs, FII flow, global cues among key triggers for Indian stock market

The Indian stock market consolidated for the third consecutive week, but also snapped a two-week losing streak, driven by favourable domestic cues, instilling fresh confidence among D-Street investors. This, despite the ongoing trade tensions and uncertainty surrounding tariff negotiations. Next, investors will monitor some key market triggers in the second week of June. India's retail inflation, global tariff announcements, foreign capital flow, macroeconomic data, and global market cues will dictate the market direction. Domestic equity benchmarks Sensex and Nifty 50 were range-bound for most of the week, but surged on Friday to settle near the week's high. Supportive domestic developments helped limit the downside, with the highlight being the Reserve Bank of India (RBI)'s monetary policy, which took the market by surprise. The RBI cut the repo rate by 50 basis points to 5.50 per cent—double the market expectation—and reduced the Cash Reserve Ratio (CRR) by 100 basis points to three per cent, the lowest level since April 2021, further boosting market sentiment. This liquidity boost is expected to lower the cost of funding for banks and spur credit growth, powering rate-sensitive stocks. On Friday, the Nifty 50 logged its best day in three weeks and rose 252 points, reclaiming the psychologically crucial 25,000-mark after investors rallied behind the RBI's bumper policy measures. Sensex added 738 points to end at 82,189, while both indices gained one per cent for the week. The Bank Nifty outperformed, rising 1.5 per cent to settle at 56,578.40 after hitting a fresh all-time high of 56,695, extending its winning streak to four consecutive weeks. In the broader markets, both midcap and smallcap indices outperformed the benchmarks, reflecting a risk-on sentiment among investors, with gains ranging between 2.8 per cent and four per cent. In the coming week, the primary market will witness more action, with some new initial public offerings (IPO) and listings slated across the mainboard and small and medium enterprises (SME) segments. The week will be critical from the domestic and technical points of view. Investors will track domestic macroeconomic data, geopolitical events, and sector-specfic outcomes. Going forward, market participants will focus on key macroeconomic data for further cues. High-frequency indicators such as the consumer price index (CPI) inflation data and the index of industrial production (IIP) will be closely tracked to gauge demand trends and the central bank's next steps. Additionally, the progress of the monsoon and sowing patterns will be monitored due to their implications for rural consumption. "By front-loading easing measures, the RBI has underscored its commitment to reviving domestic growth amid global uncertainties. While such a bold approach was expected to unfold gradually, this decisive action reinforces confidence in its intent to support economic recovery while managing inflation risks," said Ajit Mishra, – SVP, Research, Religare Broking Ltd. One mainboard IPO, Oswal Pumps IPO, will open for subscription this week, while three new SME issues will also open for bidding in the next five days. Among listings, no new IPO-concluded companies are scheduled to be debut on the stock exchanges in the coming week. Foreign Institutional Investors (FIIs) remained net sellers, offloading ₹ 3,565 crore in equities. However, strong domestic institutional flows offset the pressure, as domestic institutional investors (DIIs) infused ₹ 25,513 crore into the cash segment, providing solid support to the broader market. According to Ionic Wealth by domestic brokerage Angel One, FIIs hold 18.8 per cent of Indian equities, compared to 30 per cent in other emerging markets (EMs), offering 'significant room for capital infusion'. Chemicals, telecom, and financials are the sectors attracting FIIs, driven by strong structural themes like the China+1 strategy. India's unique mix of consumption-led growth, robust capex cycles, and high-return-on-equity companies makes it a strong investment case. On the global front, developments in trade negotiations and movements in US bond yields will continue to influence investor sentiment. Global uncertainties and tariff-related risks could keep markets on edge and add to market volatility. According to market analysts, profit booking was visible last week due to the ongoing global uncertainty. Mid- and small caps outperformed large caps, driven by better earnings and valuations. A mildly positive bias emerged from strong US job data and expectations of easing US-China trade tensions. "Benchmark indices attempted recovery after FIIs turned net buyers, encouraged by strong domestic economic indicators amidst a weakening dollar and US bond yields, fostering a 'buy-on-dip' strategy," said Vinod Nair of Geojit Investments. "While China's rare earth restrictions pose long-term risks and investors await the inflation print in the US, the aggressive RBI rate cut, backed by cooling inflation and a steady GDP outlook, is likely to support investor confidence amidst the ongoing global uncertainties," added Nair. Shares of Adani Ports & SEZ, Asian Paints, Adani Enterprises, Ambuja Cements, Adani Total Gas, Piramal Enterprises, among several others, will trade ex-dividend next week starting from Monday, June 2. Shares of some stocks will also trade ex-bonus and ex-split. Check full list here Technically, Nifty 50 has approached the upper band of its prevailing consolidation range of 24,500–25,100. 'A decisive breakout above 25,200 would mark the beginning of a fresh uptrend, with potential to gradually move toward the 25,600–25,800 zone,' said Ajit Mishra of Religare. On the downside, the 24,400–24,600 range is expected to act as a strong support zone during any corrective phase. Bank Nifty has broken above the key 56,000 mark after trading in a tight range for over a month. Mishra now expects it to move towards 58,000, making this segment crucial for broader market direction. In case of a dip, the 55,350–56,000 range is likely to provide strong support. For the market's trading strategy, Mishra maintains a positive outlook and suggests 'buy on dips' unless Nifty 50 decisively breaks below 24,600. However, he clarified that investors should remain selective and focus on fundamentally strong stocks in sectors such as banking, auto, and real estate, which are poised to benefit from lower interest rates. Other sectors may contribute on a rotational basis. Caution is warranted in areas facing margin pressures or global headwinds, such as FMCG and IT. Traders should remain agile and well-informed, especially in light of the macroeconomic data and persistent global uncertainties. Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts, consider individual risk tolerance, and conduct thorough research before making investment decisions, as market conditions can change rapidly, and individual circumstances may vary.

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