
Mukesh Ambani again joins $100 billion club, his net worth is now Rs…
Mukesh Ambani again joins $100 billion club, his net worth is now Rs…
This has also lifted Mukesh Ambani's position up in world's richest businesspersons.
By Anirudha Yerunkar Edited by Anirudha Yerunkar
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Mukesh Ambani (File)
Shares of Reliance Industries, have been rising for the third consecutive day. This rise led to an increase in the net worth of Mukesh Ambani and took him back into the $100 billion club.
According to Forbes' Real-Time Billionaires list, Mukesh Ambani's net worth has now reached $106.1 billion. Reliance Industries shares are growing after its quarterly results last Friday. After the announcement, Reliance's stock started rising and continued their gain till the date.
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Reliance Stock Performance
Reliance Industries' stock has risen over 8% in the past three trading sessions. Year-to-date, the stock has climbed by 14.79%, with a 9.98% rise in just one month. As of Wednesday, at 2:40 PM IST, the stock was trading 0.57% higher at Rs 1,408.35, and the company's market capitalization also reached to Rs 19 lakh crore.
Reliance's stock has a 52-week high of Rs 1,608.95 and a low of Rs 1,115.55 after its strong market performance.
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India's Richest Individuals
Mukesh Ambani is not only the richest individual in India but also the wealthiest in Asia. After him Gautam Adani is in the list, whose net worth is at $61.8 billion. Other Indian billionaires are Shiv Nadar with $35.4 billion, Dilip Shanghvi with $28.8 billion and Cyrus Poonawalla: $26.1 billion.

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The Hindu
21 minutes ago
- The Hindu
Karnataka HC directs State govt to file status report on Bengaluru stampede by June 10
A day after the celebrations of the IPL victory of Royal Challengers Bengaluru (RCB) led to the death of 11 persons and injuries to 47 others following chaos and stampede at the M. Chinnaswamy stadium, most of the injured persons were discharged from hospitals. Except for six persons, who continue to be under treatment in various hospitals, all the others were sent home, doctors said on Thursday. The tragedy unfolded near the gates of the stadium, where over 2 lakh fans had gathered to mark RCB's historic first title win in 18 years. Overcrowding and narrow passageways led to a deadly rush. Meanwhile, Karnataka Chief Minister Siddaramaiah has announced a compensation of ₹10 lakh each to the families of the deceased and free treatment to the injured persons. The Karnataka High Court, after taking suo motu congnisance of the matter, issued notice to the State, and tasked it to file a detailed status report by June 10. The State government on Thursday admitted before the High Court of Karnataka that it did not prepare to handle such a huge crowd of around 2.5 lakh on June 4 during the event organised at M. Chinnaswamy stadium in Bengaluru to celebrate RCB's victory in the Indian Premier League (IPL) 2025, which witnessed a stampede resulting in death of 11 persons and injuring 56 others. 'Narender surrendered to Adani, China': Congress ups ante with fresh jibe at PM The Congress on Thursday upped the ante with its 'Narender-surrender' jibe at Prime Minister Narendra Modi, alleging that he 'surrendered' before billionaire Gautam Adani as well as to China. There was no immediate response from the government or the Adani Group over the Congress's accusations, but the business conglomerate has, in the past, rejected all such allegations against it. Congress leader Ajoy Kumar said the duo of Mr. Adani and Mr. Modi has left behind the Jai-Veeru duo from the film 'Sholay'. 'The process of Narendra Modi's surrender before (U.S. President Donald) Trump has happened after many years of practice,' Mr. Kumar said at a press conference at the Indira Bhawan, the All India Congress Committee (AICC) headquarters in New Delhi. 'Wherever Narendra Modi goes or whatever Adani wants — he gets the contract.... The diplomatic moves of India's prime minister have helped industrialist Mr A to expand his international business interests in ports, airports, electricity, coal mining and weapons,' the Congress leader claimed and cited examples from various countries. 'Narenderji has hurt his country's relations with her neighbours as well as with other countries by brazenly promoting Mr A's ambitions. The growth of the Mr A Group outside India over the past decade or so has been closely aligned with the diplomatic efforts of Indian Prime Minister Narendra Modi,' he alleged. Many of 'Mr A's' international deals were struck soon after Mr. Modi's official visits to certain countries or after heads of government visited India, Mr. Kumar claimed. Alleging that Mr. Modi had also 'surrendered' before China, he said 'Narender-Surrender' must apologise to the country for his 'clean chit' to the neighbouring country on its invasion of Indian territory in 2020. Mr. Kumar claimed that China has vowed to stand by Pakistan in defending its 'sovereignty' and 'territorial integrity', and called it its 'iron-clad friend'. 'China's foreign minister, Wang Yi, recently gave a statement that his country would continue to stand by Pakistan in upholding its sovereignty, territorial integrity and national independence. China has supplied arms worth over $20 billion to Pakistan,' Mr. Kumar claimed. The Congress had said on Wednesday (June 4, 2025) that it is wrong to think that 'Narendra Modi is India and India is Narendra Modi', as it slammed the ruling Bharatiya Janata Party (BJP) for its criticism of Rahul Gandhi over his dig at the Prime Minister, and doubled down on the 'Narender-surrender' jibe. Mr. Gandhi had said in Bhopal on Tuesday (June 3, 2025) that 'as soon as Trump signalled from there, picked up the phone and said, 'what are you doing Modiji? Narender, surrender'.... And Modiji obeyed Trump's orders with Ji Huzoor''. Urging people to remember 1971, Mr. Gandhi said that back then, a phone call had not been made, but the United States had sent its 7th Fleet, weapons, and an aircraft carrier. However, Prime Minister Indira Gandhi did not surrender and stated that she would act in the national interest. Referring to the BJP and the Rashtriya Swayamsevak Sangh (RSS), Mr. Gandhi said they are habituated to writing 'surrender letters' since Independence. The BJP has accused Mr. Gandhi of insulting the armed forces with his 'surrender' barb at Mr. Modi, saying it amounted to undermining the success of Operation Sindoor. Trump announces travel ban affecting dozen countries including Afghanistan and Iran U.S. President Donald Trump is resurrecting the travel ban policy from his first term, signing a proclamation Wednesday (June 5, 2025) night preventing people from a dozen countries from entering the United States. The countries include Afghanistan, Burma, Chad, the Republic of the Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen. In addition to the ban, which takes effect at 12.01 a.m. Monday (June 9, 2025), there will be heightened restrictions on visitors from Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan and Venezuela. 'I must act to protect the national security and national interest of the United States and its people,' Mr. Trump said in his proclamation. The list results from a January 20 executive order Mr. Trump issued requiring the departments of State and Homeland Security and the Director of National Intelligence to compile a report on 'hostile attitudes' toward the U.S. and whether entry from certain countries represented a national security risk. During his first term, Mr. Trump issued an executive order in January 2017 banning travel to the U.S. by citizens of seven predominantly Muslim countries — Iraq, Syria, Iran, Sudan, Libya, Somalia and Yemen. It was one of the most chaotic and confusing moments of his young presidency. Travelers from those nations were either barred from getting on their flights to the U.S. or detained at U.S. airports after they landed. They included students and faculty as well as businesspeople, tourists and people visiting friends and family. The order, often referred to as the 'Muslim ban' or the 'travel ban,' was retooled amid legal challenges, until a version was upheld by the Supreme Court in 2018. The ban affected various categories of travellers and immigrants from Iran, Somalia, Yemen, Syria and Libya, plus North Koreans and some Venezuelan government officials and their families. Mr. Trump and others have defended the initial ban on national security grounds, arguing it was aimed at protecting the country and not founded on anti-Muslim bias. However, the president had called for an explicit ban on Muslims during his first campaign for the White House. Odisha police turn Medha Patkar, activists away from Rayagada where resistance against bauxite mining simmering Several activists led by Medha Patkar were stopped by the Odisha Police and turned away after they arrived in Rayagada district to address a public meeting on World Environment Day, early Thursday. District authorities cited potential law and order concerns, stating that the activists' presence could inflame tensions in the region, where local tribals are opposing bauxite mining in the Sijimali Reserve. 'As soon as we got off the train in the early hours of Thursday, a large contingent of police personnel stopped us and said we were not allowed to leave the railway station. We are not criminals. We had come to Rayagada to speak about the importance of protecting the environment,' said Medha Patkar over phone from Rayagada. Within hours, fellow activists Lingaraj and Narendra Mohanty were forced to leave the district. A public meeting had been planned under the banner of Maa Maati Maali Surakshya Manch, Kashipur at Sunger Hatapada, where hundreds of tribals were expected to gather to hear the activists. Sunger Hatapada is located just a few kilometres from the Sijimali Bauxite Deposit, where the Vedanta Group has proposed mining 9 million tonnes of ore annually over an area of 1,549 hectares. Vedanta, one of India's largest aluminium producers, has operated its alumina refinery in Lanjigarh, Kalahandi district, without a captive bauxite mine since 2007. The company has been seeking a steady supply of raw material, making Sijimali a key target. Similar resistance had earlier derailed a mining project in the Niyamgiri hills, where the Dongria Kondh, a particularly vulnerable tribal group, successfully opposed plans to mine bauxite. The Odisha Mining Corporation, a state-run PSU, was to supply the ore to Vedanta. In Rayagada, tensions have been simmering around the Sijimali deposit for the past couple of years. Tribals allege that the district police, under pressure from the company, have been using force to suppress the people's movement against mining. An order signed by the Rayagada District Collector has barred 24 activists from entering the district for two months starting June 4. They have also been prohibited from participating in any protests or sit-ins. The Eastern Ghats hill ranges that cut across Kalahandi, Rayagada, and Koraput districts are rich in bauxite. Apart from Vedanta, private players such as the Adani Group and the Aditya Birla Group are either exploring or have already established infrastructure to mine the mineral. The National Aluminium Company Limited (NALCO), a Navaratna public sector unit, has a strong presence in Koraput district, where it is already extracting bauxite from the Panchpatmali reserve and is preparing to mine the Pottangi reserve. 'Why is the present Odisha government afraid of environmentalists and nature lovers visiting their beautiful State at the invitation of Adivasis—the true guardians of nature?' asked Ms. Patkar. 'How can we, as citizens of India, be stopped from marking a day dedicated to pledging our commitment to protect the Earth, its green cover, its farms and forests, and honouring those who have preserved them for generations?,' asked Ms. Patkar. In Brief: Assam flood situation grim, 7 lakh affected Assam's flood situation remained grim on Thursday, with nearly seven lakh people affected in 21 districts and the water level of major rivers showing a rising trend, officials said. The death toll in the first wave of the floods and landslides rose to 19, with two deaths reported on Wednesday. One person went missing in the Cachar district. Nine major rivers, including the Brahmaputra at three places, were flowing above the danger level across the state, while River Barak was flowing above the danger mark in the Cachar district, and its tributaries were also showing a rising trend, with some rivers flowing above the red mark. 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North Korea's Kim says he'll 'unconditionally support' Russia's war against Ukraine North Korean leader Kim Jong Un told a visiting top Russian official that his country will 'unconditionally support' Russia's war against Ukraine, the North's state media reported on Thursday, the latest sign of expanding cooperation between the two nations. In April, the two countries officially confirmed North Korean troops' deployment to Russia for the first time, saying that soldiers of the two countries were fighting alongside each other to repel a Ukrainian incursion into Russia's Kursk border region. At the time, Russian President Vladimir Putin thanked North Korea's participation in the war and promised not to forget their sacrifices. Evening Wrap will return tomorrow.


Time of India
28 minutes ago
- Time of India
Samruddhi expressway to be linked to Vadhvan port
Mumbai: Maharashtra will connect the Nagpur-Mumbai Samruddhi expressway corridor to the upcoming greenfield Vadhvan port, slated to be the country's biggest such facility, via the Nashik highway, the upcoming Delhi-Mumbai greenfield expressway corridor, the Mumbai-Ahmedabad highway, the under-construction bullet train corridor, and the coastal road that is planned to be extended up to the port. Tired of too many ads? go ad free now "The Prosperity corridor will have up to 500 MW to 1,000 MW capacity solar plant along it with 200 MW starting soon, besides a huge gas pipeline that will supply PNG not only to cities but also to power and steel plants right up to Gadchiroli to achieve decarbonisation targets. Every 500 metres to a kilometre there is a groundwater recharge facility and ponds to hold rainwater," said chief minister Devendra Fadnavis soon after opening the 76 km last leg of Samruddhi between Igatpuri and Bhiwandi. He announced that very soon, work on the Rs 80,000 crore Shaktipeeth corridor from Nagpur to the Goa border via Marathwada and Western Maharashtra will also be started in full swing. Deputy chief ministers Eknath Shinde and Ajit Pawar were present at the Samruddhi inauguration, besides scores of ministers and legislators. The CM and his deputies also opened the south-bound arm of the Vashi creek bridge through an online event. "Samruddhi expressway is not just a road; it is a green corridor for Maharashtra's fast-emerging economy as 24 districts of Maharashtra have been connected to JNPT (Jawaharlal Nehru Port Trust) and eventually to Vadhwan. Special wildlife infrastructure with 100 animal overpasses and underpasses have been constructed to ensure their safe passage. A total of seven tunnels have been built; the one between Igatpuri and Kasara being the widest in the country. Tired of too many ads? go ad free now We will break this record once the Pune-Mumbai missing link tunnel is completed. The interchanges on the Samruddhi expressway look like art work drawn on paper. Inside the tunnel, artificial rainfall will begin when the temperature crosses 60 degrees due to a fire incident and will stop when it drops to 30 degrees," he said while interacting with the media at Igatpuri. The tunnel was built by Afcons. Fadnavis said over 3.3 million plantations were done using local species. "While building the road, 1,000 farm ponds were created. We are prepared to generate 200 MW of solar power and 22 amenity centres have been set up. A gas pipeline will also reach from Konkan to Nagpur, providing gas to people and industries. Religious places like Shirdi, Shegaon and Trimbakeshwar will come closer. Now we want to construct the Shaktipeeth expressway as well on a fast-track basis," he said. Deputy chief minister Eknath Shinde termed Samruddhi a game-changer. "It was one of the toughest and most challenging projects and will greatly benefit people and businesses. A journey that took 18 hours will now take only eight hours — saving both fuel and time. We paid attention to even the smallest details. Around 1.1 million large trees and 2.2 million small plants will be planted, making the expressway the most eco-friendly project ever," he said, pointing out that the road will boost agriculture, tourism, and industry. A farmer starting in the morning from Nagpur with produce used to reach Mumbai in three days. Now, he can reach by evening," he added. Shinde said the Shaktipeeth expressway will be a game-changer for Marathwada as farmers won't commit suicide anymore. After the inauguration, the chief minister and his deputies inspected the longest Igatpuri tunnel of the expressway and viaduct in the stretch. To conduct an inspection of the expressway, Dy CM Shinde drove a high-end car with CM Fadnavis sitting beside him in the front seat and Pawar occupying the back seat. The inspection lasted around 45 minutes, including the time taken for the journey between Igatpuri and Amane. On the way back, Fadnavis and Shinde swapped seats with the CM getting behind the wheel, while Pawar remained in the same seat. The newly-constructed third creek bridge near Vashi Sion-Panvel Highway was also inaugurated via video conferencing on the occasion. The earlier operational 625 km of the expressway stretch was used by nearly two crore vehicles in the last two years. The maximum speed limit on the expressway is 100 kmh in ghat sections and 120 kmh on flat terrain. The expressway traverses through 392 villages in 26 talukas across 10 districts in five revenue divisions. A smart integrated traffic management system (ITMS) will be installed on the expressway soon, the CM said, adding they gave the 'right of way' to the Gas Authority of India Ltd for laying the pipeline while making the access control road between Mumbai and Nagpur. Dy CM Ajit Pawar said many, including farmers from his party, opposed the Samruddhi project at the beginning, but when CM Fadnavis announced very attractive compensation, they all sided with the project and accepted money. "The project was estimated to cost Rs 55,500 crore but eventually went well above Rs 61,000 crore. Around 12 crore cement bags were used in the project. Fadnavis started the project when he was CM, and now it was inaugurated during his second term, and such continuity is rare in politics. And also let's not forget the contribution of Eknath Shinde," he said.

Deccan Herald
30 minutes ago
- Deccan Herald
Need politics that's not about glitz of events but connected with reality of everyday life: Rahul
The Leader of Opposition in the Lok Sabha asserted that the country needs an economy that works for every Indian, not just for a select few capitalists.