New Delhi, Dec 2 (IANS) India's energy requirement is set to double just by the end of this decade, Reliance Industries Chairman Mukesh Ambani said on Saturday.

Speaking at the 11th convocation of Pandit Deendayal Energy University (PDEU), Ambani, who is also the President of the university, said that energy transition has become the most critical factor in ensuring India's transformation into a global leader in green, sustainable and inclusive development. "And PDEU is at the forefront of education and research in this area."

"PDEU has launched four landmark initiatives to train its students in cutting-edge energy technologies that will make the world a greener and better place for future generations. One, a 45 MW Solar PV production line to train students in solar energy production; two, a Smart Hybrid Micro-Grid System to teach students the technique of energy storage; three, an Apple Lab for cutting-edge technology exploration and skill development; and four, a multi-game Sports Arena to produce high-quality sporting talent," he added.

"With both humility and pride, I would like to inform that Reliance Foundation has already paid over Rs 130 crore out of a total commitment of Rs 150 crore to build world-class infrastructure and transform PDEU," Ambani said.

"PDEU is much more than an energy university… It is a crucible where the vision of a clean, green, and sustainable tomorrow is being turned into reality," he said.

"In the next 25 years, India will witness an unprecedented explosion of economic growth. From a $3.5 trillion economy today, it will become a 40 trillion-dollar economy by 2047.

"And to fuel this growth, the country will need enormous amounts of energy – Clean, Green Energy that won’t choke Mother Nature for the sake of human progress," Ambani added.

Mumbai, Oct 28 (IANS) Reliance Industries Ltd Chairman Mukesh Ambani has received an extortion-cum-death threat via email, officials said here on Saturday.

The email demanding Rs 20-crore threatens to shoot Ambani, 66, if he fails to cough out the amount.

A company source, while confirming the development, declined to comment saying that the police are probing the matter.

A complaint has been registered by the Gamdevi Police Station and investigations are launched into the antecedents of the email threat-given.

Earlier in the past few years, Ambani and his family have been threatened on multiple occasions and there were threats to blow up his iconic Antilla residence in south Mumbai.

New Delhi, Oct 12 (IANS) In a dramatic shift in the pecking order at the top, Mukesh Ambani has reclaimed the No. 1 position on the 2023 Forbes list of India’s 100 Richest.

The collective wealth of India’s 100 Richest was flat at $799 billion this year.

India is on a high after hosting the G20 Summit in New Delhi this September and becoming the fourth country to land a spacecraft on the moon.

Reflecting this sentiment, India’s stock market rose 14 per cent since fortunes were last measured. 

However that jump, tempered by a weaker rupee, was not reflected in the collective net worth of India’s 100 Richest, which flatlined at $799 billion.

Mukesh Ambani, who transformed his Reliance Industries into a diversified conglomerate, reclaimed the No. 1 spot with a net worth of $92 billion. 

Shortly after spinning off and listing Jio Financial Services, which has an asset management joint venture with BlackRock, Ambani cemented his succession plan by appointing his three children to Reliance’s board as non-executive directors in August.

The fortune of infrastructure magnate Gautam Adani, who rose meteorically to overtake Ambani as India’s richest person for the first time last year, reversed dramatically after a report by US short seller Hindenburg Research in January sent his group’s shares tumbling. 

Despite recovering somewhat since, his net worth, which includes that of his family, fell by a whopping $82 billion to $68 billion -- down the most in both dollar and percentage terms -- and he slips back into second place.

Software tycoon Shiv Nadar climbs two spots to return to No. 3 with a fortune of $29.3 billion, as shares of HCL Technologies jumped 42 per cent in the past year amid a tech rebound. 

Matriarch Savitri Jindal, of the O.P. Jindal Group, a power and steel conglomerate, ranks No. 4 with $24 billion, up 46 per cent, thanks partly to the September IPO of ports unit JSW Infrastructure, by her son Sajjan Jindal. 

Rounding out the top five is Radhakishan Damani of Avenue Supermarts, whose fortune declined to $23 billion from $27.6 billion previously.

Naazneen Karmali, Asia Wealth Editor and India Editor of Forbes Asia, said: “India is riding high and is considered a hot spot by global investors. That buoyancy has made the elite club of India’s 100 Richest even more exclusive this year, with the minimum net worth to make the cutoff rising to a record $2.3 billion.”

The biggest percentage gainer this year is Inder Jaisinghani at No. 32 with $6.4 billion. His family’s net worth nearly doubled as his wires and cables company, Polycab India, benefited from increasing electrification.

Pharma brothers Ramesh and Rajeev Juneja got a handsome 64 per cent boost from the May listing of their Mankind Pharma, bringing them to No. 29 with $6.9 billion. 

There are three new entrants this year: Renuka Jagtiani, chairwoman of Landmark Group, a Dubai-headquartered retailing giant, enters the list at No. 44 with $4.8 billion, following the passing of her husband Micky Jagtiani in May. 

Also new to the list is the Dani family (No. 22, $8 billion) of Asian Paints, heirs of patriarch Ashwin Dani, who died in September. 

The third newcomer is garment exporter K.P. Ramasamy (No. 100, $2.3 billion), founder and chairman of K.P.R Mill.

Among the seven returnees this year is Ranjan Pai (No. 86, $2.75 billion), who cashed out $1 billion from selling part of his stake in hospital chain Manipal Health Enterprises to Singapore’s Temasek.

Notable among the eight drop-offs are ed tech couple Byju Raveendran and Divya Gokulnath, whose firm Byju’s saw its valuation marked down drastically amid myriad challenges.

Chennai, Oct 10 (IANS) Billionaire Mukesh Ambani, Chairman, Reliance Industries Ltd, has reclaimed the top spot as the richest Indian after a year, as per the '360 One Wealth Hurun India Rich List 2023'.

Ambani was ranked at the top with a wealth of Rs 808,800 crore with 2 per cent appreciation over the previous year.

Industrialist Gautam Adani, despite a 57 per cent erosion in wealth, was ranked second in the list with a wealth of Rs 474,800 crore.

Last year, Adani was ahead of Ambani by Rs 3 lakh crore and in 2023, the latter is ahead of the former by Rs 3.3 lakh crore.

The top two industrialists are followed by vaccine maker Cyrus S. Poonawalla (Rs 278,500 crore), HCL Group’s Shiv Nadar (Rs 228,900 crore), Hinduja Group’s Gopichand Hinduja (Rs 176,500 crore) and Sun Pharmaceuticals’ Dilip Shanghvi (Rs 164,300 crore).

According to the report, the Rs 1,000 crore rich individuals' club went up by 216 to 1,319.

The cumulative wealth of India’s rich list stood at Rs 109 lakh crore, more than the combined gross domestic product (GDP) of Singapore, the UAE and Saudi Arabia.

The youngest rich Indian title went to 20-year-old Kaivalya Vohra, the Founder of Zepto.

On the other hand, 94 year old Mahendra Ratilal Mehta, Founder, Precision Wires India, made his maiden entry into the rich list in 2023.

According to the list, 84 startup founders with a cumulative wealth of Rs 423,600 crore with an average age of 41 years figure in the 2023 rankings.

Radha Vembu (50) of Zoho became the richest self-made woman in the 2023 list, overtaking Falguni Nayar.

Tamil Nadu’s hosiery town Tiruppur debuted in the top 20 cities producing the most number of entrants with 328 individuals.

As regards the number of followers on the social media platform X, Tata Group’s Ratan Tata has the largest number of followers at 12.6 million and is followed by Mahindra & Mahindra Group’s Anand Mahindra with 10.8 million followers.

Washington, June 23 (IANS) Only three Indian businessmen -- Mukesh Ambani, Anand Mahindra and Nikhil Kamath -- are part of the guest list for the state dinner hosted by US President Joe Biden in Prime Minister Narendra Modi's honour at the White House.

Deadline reported that the guest list for the White House State Dinner for Indian Prime Minister Narendra Modi includes a number of entertainment and media figures, including Netflix's Bela Bajaria, Universal's Donna Langley, director M. Night Shyamalan, Wasserman Media Group's Casey Wasserman and James Murdoch.

Also on the list were OpenAI CEO Sam Altman, Apple CEO Tim Cook, and Google CEO Sundar Pichai.

In the news business, guests include columnists Tom Friedman and David Ignatius, The Wall Street Journal's Tarini Parti, writer Anand Giridharadasas, as well as CBS News' Neeraj Khemlani. Former Los Angeles Mayor Eric Garcetti, who is now US Ambassador to India, also attended, Deadline reported.

Other notables include Billie Jean King, Anne Wojcicki, Ralph Lauren, and Maria Teresa Kumar.

House Speaker Kevin McCarthy, who hosted Modi at a joint session of Congress earlier on Thursday, was also on the list. The President's son Hunter Biden, who faces tax and gun charges as part of a plea deal announced this week, also is on the list.

Other CEOs include Marriott CEO Anthony Capuano, GE CEO Larry Culp, Discover CEO Roger Hochschild, Cisco Systems CEO Chuck Robbins and Deloitte CEO Punit Renjen, Deadline reported.

New Delhi, April 4 (IANS) India, which has the third-most billionaires, with 169, had a more mixed year. Indian billionaires as a group - worth $675 billion - are $75 billion poorer than in 2022, as per the Forbes World's Billionaires List 2023.

As per the list, Mukesh Ambani, Chairman and Managing Director, Reliance Industries Ltd (RIL) is the richest India with a net worth of $63.4 billion. Ambani is the 9th richest in the world as per the list.

The Us still boasts the most billionaires, with 735 list members worth a collective $4.5 trillion. China (including Hong Kong and Macau) remains second, with 562 billionaires worth $2 trillion, followed by India, with 169 billionaires worth $675 billion.

Nearly half of all billionaires are poorer than they were a year ago, as per the Forbes World's Billionaires List 2023.

Falling stocks, wounded unicorns, and rising interest rates translated into a down year for the world's wealthiest people.

Globally, the list counted 2,640 ten-figure fortunes, down from 2,668 last year. Altogether, the planet's billionaires are now worth $12.2 trillion, a drop of $500 billion from $12.7 trillion in March 2022.

Nearly half the list is poorer than a year ago, including Elon Musk, who falls from No. 1 to No. 2 after his pricey acquisition of Twitter helped sink Tesla shares.

Bernard Arnault, head of luxury goods giant LVMH, takes his place as the world's richest person, marking the first time a citizen of France leads the ranking.

Despite a down year in the markets, rising inflation and war in Eastern Europe, more than 1,000 billionaires are actually richer than they were on Forbes' 2022 list - some by tens of billions of dollars.

Luxury goods tycoon Arnault has had the best run. His net worth surged by $53 billion since last year, a bigger gain than anyone on the planet. Shares of his LVMH, which owns brands like Louis Vuitton, Christian Dior and Tiffany & Co, rose by 18 per cent on the back of strong demand. Now worth $211 billion, Arnault has taken the top spot on the World's Billionaires ranking. It's his first time at No 1 - and the first time a citizen of France has led the list.

Michael Bloomberg is ranked 7th on the list with a net worth of $ 84.5 billion.

Mumbai: Reliance Industries Ltd. Chairman Mukesh Ambani and his son Akash visited and prayed at the famed Somnath Temple in Gujarat on the occasion of Mahashivratri on Saturday, officials said here.

Mukesh Ambani and Akash -- who is the Chairman of Reliance Jio, were welcomed by the Somnath Temple Trust Chairman P.K. Lahiri and Secretary Yogendra Desai.

The father-son duo offered prayers and 'abhishek', while the temple pujari presented them with a stole and sandal paste.

To mark the auspicious festival, Ambani made a donation of Rs 1.51 crore to the Somnath Temple Trust.

Rooted in traditions, the Ambani family always celebrates all Hindu festivals with fervour.

The famed Somnath Temple is one of the 12 Jyotirlings in India, and situated in Gir district of Gujarat near the ancient port of Veraval on the Arabian Sea shore.

(IANS)

Lucknow, India - On the 10th of February 2023, the Prime Minister of India, Shri Narendra Modi, inaugurated the Uttar Pradesh Global Investors Summit 2023 in Lucknow. The flagship investment summit of the Government of Uttar Pradesh aimed to bring together policymakers, industry leaders, academia, think tanks, and leaders from across the world to explore business opportunities and forge partnerships. The Prime Minister also inaugurated the Global Trade Show and launched Invest UP 2.0.

Leaders of the industry spoke at the event and expressed their optimism towards the opportunities emerging in Uttar Pradesh. Shri Kumar Mangalam Birla credited the Prime Minister with infusing new energy into India's economic landscape, while Shri Mukesh Ambani praised the budget's allocation for Capex expenditure, leading to greater economic growth and social welfare. Shri Natarajan Chandrasekaran, Chairman of Tata Sons, noted the Prime Minister's visionary leadership in making India the fastest-growing economy with 360-degree development.

The Prime Minister addressed the gathering and welcomed the investor community, industry leaders, and policymakers. He emphasized the cultural splendor, glorious history, and rich heritage of Uttar Pradesh and spoke about the state's transformation from being known for underdevelopment, poor law and order, and scams to good governance, peace, and stability. The Prime Minister also highlighted the initiatives for better infrastructure in the state, including five international airports and a freight corridor connecting the state with the sea coast in Maharashtra.

The Prime Minister noted the digital revolution in Uttar Pradesh and the inclusive and connected society that has emerged due to it. He spoke about the growth of India's economy, which is being driven by the aspirations of the Indian society and its youth. The Prime Minister also talked about the opportunities for investors in health, education, social infrastructure, and the green growth path embraced by India.

In conclusion, the Prime Minister emphasized that India has started moving on the path of speed and scale, driven by the trust in the country. He invited the investors to Uttar Pradesh, an aspirational society that has emerged as a champion when it comes to investment, business, and entrepreneurship.