RIL CMD Mukesh Ambani announces ₹75,000 Cr investment, 6 commitments for Northeast states
At the 'Rising Northeast Investors Summit', Chairman & Managing Director of Reliance Industries Limited, Mukesh Ambani announced six major commitments at the Rising Northeast Investors Summit, including a ₹75,000 crore investment over five years. Reliance will expand Jio 5G coverage, boost AI access, scale up farm sourcing, build FMCG factories, and install 350 biogas plants. The Reliance Foundation will enhance cancer care, set up genome labs, and launch Olympic Training Centres across the eight northeastern states to drive growth, health, and sporting excellence.
Show more
Show less
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Mukesh Ambani's Guru Dakshina: RIL chairman donates Rs 1510000000 to ICT where he studied
Mukesh Ambani's news: India's richest man, Mukesh Ambani, recently made a heartfelt donation of Rs 151 crore to the Institute of Chemical Technology (ICT) in Mumbai – the same institute where he studied during the 1970s. This generous move by the Reliance Industries Limited (RIL) chairman is being seen as a true gesture of guru dakshina, honouring his teacher and mentor, Professor M M Sharma. Mukesh Ambani Visits His Alma Mater On Friday, Mukesh Ambani spent more than three hours at the Institute of Chemical Technology, formerly known as UDCT (University Department of Chemical Technology). He attended a special event held to launch the biography of Professor M M Sharma, titled Divine Scientist. The event turned emotional and nostalgic as Ambani shared memories from his college days and his first lecture by Prof Sharma. A Tribute to Professor M M Sharma Ambani praised Professor Sharma for being a visionary who played a silent yet powerful role in shaping India's economic future. According to Mukesh Ambani, Prof Sharma believed that India's growth depended on freeing the country's industries from the outdated license and permit system, allowing Indian companies to scale up and compete with the world. 'Just like my father Dhirubhai Ambani, Prof Sharma had a dream of transforming India's industrial landscape from scarcity to global leadership,' said Mukesh Ambani. He added, 'Both these visionaries believed that science and technology, when combined with private entrepreneurship, could bring prosperity to every Indian.' Rs 151 Crore Donation to Institute of Chemical Technology As a mark of respect and gratitude, Mukesh Ambani announced a massive donation of Rs 151 crore to the Institute of Chemical Technology. The donation is an 'unconditional grant', made entirely on the suggestion of Prof Sharma, who requested Ambani to do something meaningful for the institute. 'When he tells us something, we just listen,' said Ambani. 'Prof Sharma told me, 'Mukesh, you must do something big for ICT.' I am happy to fulfil his wish with this donation.' Professor Sharma – A National Guru Calling him a "Rashtra Guru – a Guru of Bharat", Mukesh Ambani credited Prof Sharma for guiding not only him but also inspiring the rise of India's chemical industry. He stated that his success and the journey of the chemical sector in India are deeply connected to Prof Sharma's guidance. Why This Donation Matters The Rs 151 crore donation to the Institute of Chemical Technology is one of the biggest contributions made by Mukesh Ambani towards education and science in India. This funding will be used to enhance research facilities, support students, and boost innovation in chemical and scientific fields – a perfect tribute to Prof Sharma's legacy. Mukesh Ambani's generous donation to the Institute of Chemical Technology is more than just a financial gift. It is a touching story of gratitude, mentorship, and the importance of giving back to society. Through this act of guru dakshina, Ambani has once again shown his commitment to education, science, and nation-building. For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here
India Today
3 hours ago
- India Today
Starlink launch in India: What it means for internet access and free services as Musk takes on Jio, Airtel
The Indian government has recently approved Elon Musk's proposal to bring Starlink services to India. While the company may take some time to activate services in the country, it is surely a turning point for the internet in India. Why? Starlink, already available in 100 countries, is a satellite broadband initiative from SpaceX, and is on a mission to revolutionise internet connectivity by beaming high-speed access from space. Now that it is coming to India, the internet will reach every nook and corner of the a nod from the ministry, Starlink has joined an exclusive group of just three firms, alongside OneWeb and Reliance Jio, to secure a crucial step towards offering satellite-based telecom services in India. The company has already been issued a Letter of Intent (LoI) by the Department of Telecommunications, which serves as an initial go-ahead from the before it can begin rolling out its satellite internet infrastructure across the country, Starlink must now obtain a crucial clearance from the Indian National Space Promotion and Authorisation Centre (In-SPACe). This approval from the national space regulator is essential before the company can commence trial operations and be allotted provisional spectrum. So, now the question is: When will Starlink launch in India?Starlink launch in India? While the exact date of the roll out is not official yet, we have enough information to assume. Before we deduce that, let's circle in what we know so far. Starlink has been awaiting regulatory approval to begin commercial operations in India since 2022. However, the process has been held up by various factors — including concerns related to national security, according to a report by May 7, it took a major step towards launching its services in India after receiving a Letter of Intent from the Department of Telecommunications. Now, with a vital regulatory licence secured, Elon Musk's satellite internet venture is poised to kick off operations on Indian has made no secret of its eagerness to begin. While a fourth contender, Amazon's Kuiper, is still awaiting the necessary approvals to launch its satellite internet services in India, the reports indicate that once Starlink submits its application for trial spectrum, it is likely to be granted within 15 to 20 this year, the company quietly entered into unexpected partnerships with two of India's largest telecom players, Reliance Jio, led by Mukesh Ambani, and Bharti Airtel, to support its local India pricingAccording to a media report published last month, Starlink is expected to roll out plans starting at just $10 a month, which translates to roughly Rs 850, positioning it among the most budget-friendly satellite internet offerings worldwide. This pricing strategy aligns well with the Indian market, where affordability and high performance are often key to consumer competitively priced packages, which may even offer unlimited data, are likely to accelerate Starlink's growth across the country. The company is reportedly aiming to attract as many as 10 million users as it establishes its presence in does Starlink work?advertisementStarlink aims to provide high-speed internet, even in places where there is no network. But how does it do it? Instead of relying on traditional ground-based infrastructure such as fibre or cable, Starlink uses a vast constellation of low Earth orbit satellites to deliver fast and stable internet, particularly to regions where conventional services are patchy, slow or entirely transmitting data directly between satellites and ground stations, it effectively sidesteps many of the limitations that plague traditional broadband networks, offering a lifeline to rural and remote communities across the globe.
&w=3840&q=100)
First Post
7 hours ago
- First Post
Mukesh Ambani donates Rs 151 crore to his alma mater ICT
The Reliance chairman spent over three hours at Mumbai-based ICT – formerly the University Department of Chemical Technology (UDCT) – during a function to launch Professor MM Sharma's biography, 'Divine Scientist' read more Mukesh Ambani, Chairman and Managing Director of Reliance Industries, on Friday (June 6) announced an unconditional grant of Rs 151 crore to the Institute of Chemical Technology (ICT), his alma mater from the 1970s. The Reliance chairman spent over three hours at Mumbai-based ICT – formerly the University Department of Chemical Technology (UDCT) – during a function to launch Professor MM Sharma's biography, 'Divine Scientist'. He reminisced about his first lecture at UDCT by Professor Sharma, which greatly inspired him. STORY CONTINUES BELOW THIS AD 'I realised he is an alchemist, not of metals, but minds: he has the power to transform curiosity into knowledge, knowledge into commercial value, and both knowledge and commercial value into everlasting wisdom,' he said. He highlighted how Professor Sharma quietly influenced India's economic reforms by convincing policymakers that the key to India's growth was freeing the industry from the license-permit-raj. This would enable Indian companies to scale up, reduce import dependence, and compete globally. 'Like my father, Dhirubhai Ambani, he had a burning desire to transform Indian industry from scarcity to global leadership,' said Ambani. He added, 'These two visionary leaders believed that science and technology, combined with private entrepreneurship, would lead to prosperity.' Acknowledging Professor Sharma's contributions to the rise of the Indian chemical industry, Ambani referred to him as 'a Rashtra Guru – a Guru of Bharat'. While discussing 'Guru Dakshina', Ambani announced the unconditional grant of Rs 151 crore to ICT, following Professor Sharma's guidance. 'When he tells us something, we just listen. We don't think. He told me, 'Mukesh, you have to do something big for ICT,' and I am very pleased to announce this grant for Professor Sharma,' said the Reliance chairman.
