Reliance Industries, India’s largest company by market capitalization, is not sitting out the AI frenzy that has gripped the tech world. At the company’s 47th annual general meeting Thursday, Reliance chairman Mukesh Ambani and other executives made nearly three-dozen mentions of AI in two hours, detailing plans to integrate the technology across Reliance’s vast business […]
Indian conglomerate Reliance slashed over 42,000 jobs last financial year
Reliance, India’s largest conglomerate, reduced its workforce by 11%, or more than 42,000 people, in the financial year ended March 2024. The conglomerate also slowed hiring, bringing on board about 171,000 people in the financial year, lower than the around 263,000 people it hired a year earlier, according to its annual report. The company said […]
Reliance may list Jio at $112 billion valuation next year, Jefferies says
Reliance Industries, India’s most valuable company, may consider spinning off its telecom arm Jio for a public listing as early as 2025, Jefferies said in a research note, with investors favouring this route over an initial public offering. The move follows Jio’s recent focus on monetisation and market share gains, signaled by its leading role […]
Reliance Jio kicks off Indian telecom price hike
Reliance Jio, India’s largest telecoms operator, has initiated what analysts expect to be an industry-wide increase in tariffs in the world’s second largest wireless market, raising some of its plans by more than 20%. Jio’s revised pricing structure, effective July 3, sees its entry-level Rs 155 ($ 1.87) plan, offering 2GB of data and unlimited […]
Tern AI wants to reduce reliance on GPS with low-cost navigation alternative
The most critical systems of our modern world rely on GPS, from aviation and road networks to emergency and disaster response, from precision farming and power grids to weather forecasting and military defense. That dependence is becoming a problem. “We’ve got an increased threat from foreign adversaries who have shown capabilities to jam, to destroy, […]