If Ralliance was in US ot would. Divided in separate entities further... I don't know how well it would stand against anti trust laws

Data scientist

But I love this guy's ambition and hunger

- Mukesh Ambani outlines Reliance's AI focus, including 'Jio Brain' suite and free cloud storage for users
- Company plans to enter luxury jewellery market

- Mukesh Ambani outlines Reliance's AI focus, including 'Jio Brain' suite and free cloud storage for users
- Company plans to enter luxury jewellery market and bring international fashion brands to India
- Reliance Retail reports 17.8% growth, crossing Rs 3.6 lakh crore in revenues for FY24
- 30 GWh battery assembly plant in Jamnagar to begin operations by second half of 2026
- Ambani envisions Reliance joining world's top 30 companies by market cap in 'near future' 

 Source: [The Arc](https://thearcweb.com/article/reliance-seeks-to-enter-global-company-league-with-new-investments-7FbWVKUMmIR2do2z)

Reliance Aims for Global Top 30 with AI Push and New Investments

Reliance Aims for Global Top 30 with AI Push and New Investments- Grapevine

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- Mukesh Ambani outlines ambitious plan to transform RIL into deep-tech powerhouse
- Jio achieves world's fastest 5G adoption with over 130M customers in two years
- RIL to offer 100GB free cloud storage to Jio users starting Diwali
- Company investing heavily in new energy initiatives, including solar PV and battery manufacturing
- Ambani predicts new energy business to rival O2C division in 5-7 years 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/mukesh-ambani-steers-reliance-towards-deep-tech-sustainable-future-12810110.html)

Ambani Unveils Tech-Driven Vision for Reliance's Future

Journalist

- Reliance Industries might spin off its telecom arm Jio for a public listing as early as 2025, according to Jefferies.
- Investors prefer a spinoff over an IPO due to concerns about the holding company discount in the Indian market.
- Jio, with over 475 million subscribers, was valued at $58 billion pre-money in 2020 and could be valued at $112 billion in a public listing.
- A spinoff would reduce Reliance's controlling stake in Jio from 66.3% to 33.3%, potentially leading to a more accurate valuation.
- The success of Jio Financial Services' spinoff last year could serve as a model for Jio's potential listing, with analysts projecting a 7-15% upside for Reliance's stock.

Source: Techcrunch

Reliance May List Jio at $112 Billion Valuation Next Year, Jefferies Says

Welcome to Indian Startups's Private Community

What problems would Indian and Global startups be solving in the next decade, or they would be just throwing random yearly new buzz words and as usual VCs would be having orgasms on these buzz words.

I mean real problems.

Startups of the coming age

Frontend Engineer

Mukesh Ambani and Reliance are planning to buy out BYJU'S liabilities in the Bankruptcy process at throw away valuations.

Since existing investors have lost interest in the company, now their say won't matter. The highest bidder will be able to buy out BYJU'S. 

Great opportunity for Ambani's, Tata's and Adani's of the worst. The infra, IP and tech that BYJU'S has is easily worth more than a Billion dollars cakewalk. This is way lesser than their liabilities.

Looks like the employees and ex employees are after all safe.

Ambani - BYJU'S

Reliance industries Laid off 42,000 employee

Software Engineer

- The Reserve Bank of India (RBI) has approved Jio Financial Services Ltd's conversion from a non-banking financial company (NBFC) to a core investment company (CIC).
- In November 2023, Jio Financial Services applied to the RBI for this conversion, aiming to meet the criteria of holding at least 90% of net assets in group companies' equity shares, bonds, and loans.
- CICs are designed to support the financial stability of their group companies without posing systemic risks and must register with the RBI if they accept public funds.
- Last month, Jio Financial Services launched the 'JioFinance' app in beta, integrating digital banking, UPI transactions, bill settlements, and insurance advisory features.
- Jio Financial Services, spun out of Reliance Group, has seen stock rallies since August and announced a joint venture with BlackRock in April to offer wealth management and brokerage services in India. 

 Source: Your Story

RBI Approves Jio Financial Services' Conversion to Core Investment Company

Jio coming for Cloud Companies

Business analyst

Welcome to Office Gossip's Private Community

Hey everyone,  
 
What is the Watercooler for: a place to hang around and chat just about anything - without having a specific topic to discuss.  
Also sorry I had a late night yesterday and hence creating this a bit late today 😅
 
Look forward to hearing from y'all :)

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