MUMBAI: Billionaire Mukesh Ambani on Thursday unveiled the next phase of growth at Reliance Industries Ltd, with retail and telecom worth over $100 billion each, doubling revenues and pre-tax profit in 3-4 years, new energy business becoming profitable by 2031, and core oil and chemical business continuing to be the robust growth engine.
The sprawling conglomerate with interests in refining, oil and gas, petrochemicals, telecoms, retail, and media is on track to more than double in size before the end of the decade, Ambani, chairman and managing director of Reliance, told company shareholders.
While the growing cash cow, the oil and chemicals business, Reliance will step up AI adoption and will launch 'Jio Brain' a suite of AI tools and platforms and set up gigawatt scale IAready data centres in Jamnagar in Gujarat "to create the world's lowest AI inferencing cost" to make such applications more affordable in India than anywhere else.
Ambani also announced upto 100 GB of free cloud storage for users of his group's telecom venture Jio - a move seen as disrupting the market.
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Checkmate!
I was going to press it for as long as I could possibly press, but I thought, 'It's OK. We are going to play for five, six hours. It's going to end in a draw, and let's focus on the tiebreaks.' But then suddenly after Rf2, I saw [the game] was actually done. I was already preparing myself to go through that huge tiebreak fight and suddenly it was all over and I had achieved my dream. I'm not someone who shows a lot of emotions, but I think this one can be forgiven.\"
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Bhaskar Roy's lyrical prose in the novel 'Border Crossers' evocatively explores the questions of identity, resilience, and socio-political strife through the intertwined lives of diplomat Arijit Basu, his fiancée Nandita Kapoor, and an undocumented Bangladeshi migrant navigating the fraught India-Bangladesh borderlands
Man City's free-fall goes on; goals galore for Bayern Munich
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Out of Order at the Top
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MUZUMDAR SAYS HARMANPREET WILL BE FINE FOR THE SERIES
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TEACHER'S BEHEADING
