RIL CMD Mukesh Ambani announces ₹75,000 Cr investment, 6 commitments for Northeast states
(ET Online)
RIL CMD Mukesh Ambani announces ₹75,000 Cr investment, 6 commitments for Northeast states
06:06 Min | May 23, 2025, 1:39 PM IST
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
an hour ago
- India.com
Mukesh Ambani's Jio or Sunil Mittal's Airtel: Who offers faster internet speed, better 5G coverage? Reports reveals stunning details
(File) Reliance Jio and Bharti Airtel, two of India's largest telecom service providers owned by billionaires Mukesh Ambani and Sunil Mittal, respectively, have been competitors since Jio arrived on the scene in 2016 and turned the telecom market upside down due to its aggressive pricing policies that forced out several private players. However, in 2025, both Jio and Airtel are peer competitors, who are evenly matched in various aspects despite the former boasting a larger subscriber base. But who among the two telecom giants provides faster internet services and better 5G coverage? Let us find out. Jio or Airtel– Who's has better download/upload speeds? According to the latest report by Opensignal– and independent analytics firm that specializes in quantifying the mobile-network experience– while Mukesh Ambani-led Jio has overtaken Airtel in several major categories, including having a larger subscriber base, the latter is still considered to provided a better overall experience to its users. In terms of internet speed, Jio is way ahead of its competitors, clocking a whopping 106.3Mbps average download speed, while the average speed achieved by Airtel is just 58.3Mbps, followed Vi at 21.8Mbps, and state-owned BSNL with an abysmal 7.3Mbps, the report revealed. As per the June 2025 report Opensignal, Jio's download speed has increased by 17Mbps, while Airtel has improved its speed by 14Mbps as both providers compete to provide better internet speeds to their users. Apart from providing blazing fast download speeds, Jio has also vastly improved its average upload speed, clocking at 9.1Mbps, a slight increase from 9.0Mbps on an Airtel network. Jio has awarded the Upload Speed Experience Award for improving its upload speed, which has increased by 2.7Mbps, compared to Airtel's 2.1Mbps. Airtel beats Jio in better 5G experience Despite having a smaller network and lower speeds, Airtel still provides a better 5G Video Experience, Gaming Experience, Live Video Experience in both download and upload categories, according to the report. The average download speeds on Airtel's 5G network was clocked at a blazing 212Mbps, and despite witnessing a 28Mbps compared to the previous report, its still around 8Mbps faster than Jio, the report added. Jio holds edge in network coverage, availability Thanks to its gigantic and ever-expanding 5G infrastructure, Mukesh Ambani-led Jio outshines Sunil Mittal-owned Airtel in 5G network coverage and stability, topping categories like 5G Availability, Consistent Quality and Reliability Experience. Jio scores an overwhelming 71.8 percent on the 5G Availability, which is 42 percentage points more than Airtel. Additionally, Jio is also giving Airtel a run for its money in video streaming experience, reducing the gap to a mere 0.3 points, indicating that the telecom giant has vastly improved on this key metric
India.com
4 hours ago
- India.com
Meet man who runs family business worth Rs 837520000000000, owns fleet of luxury cars, shares close relationship with Mukesh Ambani, Isha Ambani, he is…
Meet man who runs family business worth Rs 837520000000000, owns fleet of luxury cars, shares close relationship with Mukesh Ambani, Isha Ambani, he is… Anand Piramal, son-in-law of billionaire Mukesh Ambani and Nita Ambani, is the Executive Director at the Piramal Group. He is an important member of the Piramal group responsible for leading its financial services and real estate businesses. Valued at Rs 83,752 crore, the Piramal Group spans sectors such as real estate, healthcare, financial services, and pharmaceuticals. Under his leadership, the retail lending business has become one of the fastest-growing large retail NBFCs in the country, serving over 4 million customers across the country. Speaking of his educational qualifications, Anand Piramal, husband of Isha Ambani, pursued his master's degree in business administration from Harvard Business School. Not only this, but Anand earned a bachelor's degree in economics from the University of Pennsylvania. In 2024, he was recognised as one of India's '40 under 40' young leaders by The Economic Times and Fortune India. Meet man who runs family business worth Rs 837520000000000, owns fleet of luxury cars, shares close relationship with Mukesh Ambani, Isha Ambani, he is… According to the official website, Piramal Group is a global business conglomerate with diverse interests in pharmaceuticals, financial services, and real estate, with offices in 30 countries and its products sold in more than 100 markets. Although Anand Piramal's net worth isn't publicly available online, his father Ajay Piramal's net worth is said to be reportedly at $2.8 billion (around Rs 25,000 crore). According to Forbes, Ajay Piramal's net worth as per real time is estimated to be $ 3.4 B. He is ranked 1,172nd on Forbes' World's Billionaires List: The Richest in 2025. As a wedding gift, Anand and Isha were presented with a luxurious 50,000 sq ft residence named 'Gulita' in Mumbai's Worli area by their parents. Worth $100 million in 2022, the house has three basements, several dining rooms, an outdoor pool, a garden, a grand hall, and a diamond-themed bungalow. Anand also possesses a massive collection of luxury cars, including a Mercedes Maybach 3600 (Rs 10 crore), Aston Martin Rapide (Rs 3.29 crore), Lamborghini Gallardo (Rs 3 crore), Mercedes-Benz S350D (Rs 1.4 crore), and Range Rover Sports (Rs 1 crore). Isha and Anand tied the knot in December 2018 and are considered one of India's most powerful business couples. Anand's success and luxurious lifestyle are the result of his hard work and sharp business decisions
India.com
6 hours ago
- India.com
Meet man, Mukesh Ambani's 'right hand' and most trusted aide, holds key roles at..., brain behind Rs 489080000000 crore deal from..., his name is...
Meet man, Mukesh Ambani's 'right hand' and most trusted aide, holds key roles at..., brain behind Rs 489080000000 crore deal from..., his name is... Manoj Modi, despite being one of the most important people at Reliance Industries, prefers to stay away from the spotlight. He is known as the 'right hand' of Asia's richest man Mukesh Ambani and has quietly grown into one of the strongest figures within the company. His journey with Reliance began in the early 1980s, back when Dhirubhai Ambani, the founder of Reliance, was at the helm. Today, Reliance is India's most valuable company, with a market value of Rs. 19.52 lakh crore (as of June 5). Over time, Manoj Modi became one of the most trusted individuals in the Ambani household. He has worked closely not just with Mukesh Ambani and his wife Nita Ambani, but also with their children: Akash Ambani and Isha Ambani Piramal. Belonging to a Gujarati business family, Manoj Modi holds key roles at Reliance Retail and Reliance Jio as a Director. One of his most significant contributions came in 2020, when he helped negotiate a game-changing deal with Facebook. The agreement brought in USD 5.7 billion (which is around Rs. 48,908 crore today) into Jio Platforms. This wasn't just a one-off win because it opened the door for more global investments, helping the company raise over USD 13 billion from top international investors. His bond with Mukesh Ambani goes way back as the two studied chemical engineering together at the University of Mumbai. Their friendship and trust have lasted decades. In fact, it is said that as a token of appreciation, Mukesh Ambani gifted Manoj Modi a stunning 22-floor building on Nepean Sea Road which is one of Mumbai's poshest areas. The luxurious tower, valued at Rs. 1,500 crore, features spacious 8,000 sq. ft. floors and covers a total of 1.7 lakh sq. ft. Manoj is a very private person and does not use social media like Instagram, Twitter, or LinkedIn. He has a wife and two daughters, but not much information is available about his family.
