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Impavid Bulletin

BUSINESS

Anant Ambani has been a director of JPL, or Jio Platforms, for over two years and was recently confirmed as a director of Reliance Retail Ventures Ltd (RRVL).

Mukesh Ambani had first spoken of a succession plan at Reliance Family Day on December 28 last year.

Earlier, Musk said the world must continue to extract oil and gas in order to sustain civilisation, while also developing sustainable sources of energy.

Reliance AGM: The announcement - made at RIL's 45th Annual General Meeting - is seen as another sign of succession planning for one of the continent's (and world's richest) families.

Reliance AGM 2022: Besides announcing the launch of 5G services, Jio AirFiber and ₹75,000 crore investment to expand petrochemical capacity, the annual general meeting witnessed Mukesh Ambani detailing his succession plan.

“A global first, JioMart on WhatsApp will enable users in India, including those who have never shopped online before, to seamlessly browse through JioMart’s entire grocery catalogue, add items to cart, and make the payment to complete the purchase – all without leaving the WhatsApp chat,” an official statement on Monday said.

Reliance Industries chairman Mukesh Ambani said the investments will be in setting up a PTA plant, expanding polyester capacity, tripling capacity of vinyl chain and a chemical unit in the UAE.

Markets end in red as Sensex drops by 861 points to close at 57,972.62; Nifty down by 246 points

The government will tackle them with fiscal and monetary measures with continued focus on taming inflation, driving growth and converting challenges into opportunities