
Mukesh Ambani and Nita Ambani's son Anant Ambani appointed as Executive Director of..., ahead of Isha Ambani, Akash Ambani, will hold position till...
Mukesh Ambani and Nita Ambani's son Anant Ambani appointed as Executive Director of..., ahead of Isha Ambani, Akash Ambani, will hold position till...
Mumbai: In a major decision, the Board of Directors of Reliance Industries Ltd has appointed Mukesh Ambani's younger son Anant Ambani as Executive Director of India's largest conglomerate on Friday. Anant will serve as the Executive Director of the company for five years, starting from May 1, 2025. The move comes as part of the Ambani family's succession planning. Notably, Anant Ambani was a Non-Executive Director in the company and will now take on executive responsibilities.
Anant is part of the team focusing on Reliance's energy and sustainability. The company aims to become a net-zero carbon company in the next 10 years. The plan involves increasing the production of sustainable fuels and materials, creating advanced carbon capture methods, fostering a circular economy for materials, and improving the efficiency of converting crude oil into chemicals.
Anant Ambani has been on the Board of Jio Platforms Limited since March 2020, Reliance New Energy Limited and Reliance New Solar Energy Limited since June 2021, and Reliance Retail Ventures Limited since 2022. He has also been on the board of Reliance Foundation since September 2022.
Notably, Anant is the first child, among Ambani siblings, to be appointed as the Executive Director.
Since 2022, Akash Ambani has served as chairman of Reliance's Jio Infocomm telecom division. His twin sister, Isha Ambani Piramal, concurrently heads Reliance's retail operations.
Institutional Investor Advisory Services (IiAS) recommended against Anant Ambani's 2023 appointment to the Reliance Industries board, citing his age (28) as conflicting with their internal voting policies. This recommendation contrasted with the Reliance board's expressed confidence in Ambani's leadership.
Additionally, US-based Institutional Shareholder Services has raised concerns about Anant Ambani's board and leadership experience, which spans just six years, Bloomberg reported.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
16 minutes ago
- Time of India
Viral Mumbai auto driver loses Rs 8 lakh per month income in his side business after he attracts attention of police
Not all fame leads to fortune—sometimes, it brings unforeseen consequences. A Mumbai-based autorickshaw driver, once celebrated online for his out-of-the-box entrepreneurial spirit , has seen his thriving venture abruptly shut down. What started as a smart, demand-driven side hustle earning him between Rs 5 to Rs 8 lakh monthly has now ended under the weight of legal and security driver had ingeniously addressed a major gap near the US Consulate in Bandra Kurla Complex (BKC), Mumbai. Due to strict security protocols, applicants visiting the consulate were prohibited from carrying their personal belongings, including bags, inside the premises. Spotting a unique business opportunity in this limitation, the autodriver parked just outside the building and offered to safely store bags for visa applicants. His service gained popularity quickly, particularly because no official storage or locker facility existed to a Hindustan Times report, after the driver's innovative setup gained widespread attention through a LinkedIn post, it attracted not only praise but also scrutiny. The recognition came from Rahul Rupani, a product leader at Lenskart, who highlighted the autodriver's daily routine of serving 20 to 30 clients, generating impressive earnings of Rs 20,000 to Rs 30,000 per day. Rupani applauded his street-smart business model and noted that his monthly income rivaled that of experienced professionals in the corporate world—despite his lack of formal business training or technical this burst of attention also reached the authorities. As reports of the operation spread, Mumbai Police quickly stepped in. Officials summoned the autodriver and a dozen others who were offering similar services near the consulate. According to a senior officer from the BKC police station, the operations were in direct conflict with local security mandates. The consulate is a high-security zone, and no parking or unauthorized commercial activity is allowed nearby, especially involving the storage of unverified personal police noted that neither the autodriver nor the others involved had obtained any formal permission to provide storage services. Storing random belongings in such a sensitive area was deemed a potential security threat. As a result, the locker service was promptly terminated, and strict warnings were issued to all individuals involved to cease and desist from restarting any similar service in the started as an inspiring example of entrepreneurial grit has ended in silence. The autodriver's story now stands as a reminder: while innovation can spark success, going viral without legal safeguards can sometimes shut the very doors it opens.


News18
29 minutes ago
- News18
Back To Office Or Resign: Google Cracks Down On WFH, Offers Voluntary Exits
Last Updated: Earlier this year, Alphabet's Google had already laid off hundreds of employees from its platforms and devices unit as part of recalibration. Google is stepping up its efforts to get more employees back into the office, urging those within 50 miles of a Google location to adopt a hybrid work model. This change applies to teams in key areas such as Core, Marketing, Research, Knowledge & Information (K&I), and Communications. The K&I team, responsible for products like Google Search, commerce, and ads, is significantly impacted. Under the new guidelines, employees working remotely must now come into the office at least three days a week. Although Google had introduced a hybrid work policy in 2022, this recent update reinforces the company's commitment to in-person collaboration. To support this transition, Google is offering a voluntary exit programme for some US-based employees, as noted in an internal memo obtained by Business Insider. Those who choose to leave will receive a severance package. A Google spokesperson highlighted that this option aims to help the company concentrate on future initiatives, and similar programmes have yielded positive results in other teams. The memo from a senior Google executive outlines the company's need for enhanced connectivity and collaboration among its teams, particularly in light of the growing importance of AI. Google Layoffs 2025 Earlier this year, Alphabet's Google had already laid off hundreds of employees from its platforms and devices unit, including those working on Android software, Pixel phones, and the Chrome browser. These layoffs followed January's buyout offers to workers in the same unit. A Google spokesperson mentioned that the job cuts were part of an effort to streamline operations and improve efficiency, alongside the voluntary exit programme initiated earlier in the year. E-commerce giant Amazon has ended its 'Work from home" policy for employees. In a memo to staff, Amazon CEO Andy Jassy announced that, effective January 2, 2025, employees would return to full-time office work and that 'pre-meetings" would be eliminated. Jassy specifically targeted 'pre-meetings for the pre-meetings for the decision meetings" as unnecessary and time-wasting. He argued that such redundant gatherings slow down decision-making and waste valuable time. First Published:


Mint
30 minutes ago
- Mint
Will the China-US truce spell rare-earth relief?
Gift this article After two days of hectic talks in London between trade representatives of the US and China, another trade truce has been declared struck, with the two countries agreeing to fully implement the last one forged in Geneva. Under it, they had agreed to a suspension of new tariffs. After two days of hectic talks in London between trade representatives of the US and China, another trade truce has been declared struck, with the two countries agreeing to fully implement the last one forged in Geneva. Under it, they had agreed to a suspension of new tariffs. Also Read: China risks overplaying its hand by curbing rare earth exports The US had apparently expected Beijing to ease its export curbs on rare earth minerals, a severe shortage of which has lately sent key industries—from defence to electronics and electric vehicles (EVs)—into a tizzy across the world. Instead of ending export barriers, Beijing may have taken its part of the bargain to mean faster shipment clearances. The London outcome seems to offer America Inc relief, as US commerce secretary Howard Lutnick has said the US expects the squeeze to be resolved now. The framework deal only awaits the leaders of both countries to sign off on it. It's unclear, however, whether this can be greeted as good news by non-US importers of those rare earths. EV-makers in India have also faced a rare-earth crunch that threatens to hold EV production back. Beijing has been dragging its feet on okaying supplies to Indian importers. Maybe India needs to hold talks with China too. Topics You May Be Interested In