Posts Tagged ‘Reliance Digital’

Mukesh Ambani Discusses State Development Strategies with Andhra Pradesh CM

February 16, 2018

Business tycoon Mukesh Ambani, the Chairman of Reliance Industries Limited (RIL), visited N Chandrababu Naidu, the Chief Minister of Andhra Pradesh on Tuesday, February 13. They had a formal meeting at the Secretariat, Amaravati to discuss how RIL would contribute towards further growth and advancement of Andhra Pradesh.

RIL’s proposal for setting up submarine cable landing station

During the two-hour meeting between Mr. Ambani and Mr. Naidu, the former, on behalf of RIL, proposed to set up an international submarine cable landing station (CLS) in the coastal city of Visakhapatnam. The proposed CLS is set to link the east coast to Myanmar, Andaman and Nicobar Islands, and South-East Asia. However, as per a reliable source, no other details have been shared. The source further stated that to add to RIL’s delight, the Andhra Pradesh CM has approved and supported the proposal of setting up a CLS.

Proposal for setting up information technology and telecom infrastructure 

With an ambition to transform Andhra Pradesh into a data superpower state, RIL has proposed to build a modern information technology and telecom infrastructure on a 10-acre land.

Setting up of an electronic manufacturing cluster near Tirupati 

It is a known fact that Tirupati has been a major mobile manufacturing hub with various key domestic players such as Karbonn, Lava, Celkon, and Micromax having their facilities in this town. Realizing the potential Tirupati has, RIL has the vision of creating an end-to-end ecosystem in the field of electronics. RIL, under the brand name of Reliance Jio, will manufacture various devices like televisions, set-up boxes, batteries, and mobile phones, under the RIL electronics facility. This facility would be located in the Chittoor district near Tirupati on a 150-acre site.

Promotion of education and employment opportunities 

With the thought of generating employment opportunities right after completion of education, RIL has offered to promote a chunk of diploma colleges in the locality. RIL is also planning to develop a workmen-housing corridor in Tirupati Growth Corridor’s vicinity to provide housing and shelter for working professionals.

Setting up of a solar power plant 

RIL is set to build a 150MW solar power plant and data center on its site close to Samalkot in the East Godavari district.

Development of Amaravati

In an extended support to develop the capital city of Amaravati, the RIL chief has put down several points, which need to be implemented. He was of the view that apart from public capital, Amaravati also requires adequate private capital in order to attract international investments and attention. This, in turn, would help contribute towards the growth and development of the capital city to a great extent. 

Explanations by the Andhra Pradesh Chief Minister 

Apart from the multiple aforementioned proposals by RIL, there were many points of explanation made by the Andhra Pradesh CM too. He explained to Mr. Ambani about the Swiss challenge, construction, capital designs, and various other accomplishments in the state. Mr. Naidu emphasized on the importance of ‘fibergrid’ and ‘Real Time Governance’ center in the Chief Minister’s Office (CMO) and its interconnectivity from districts to villages. Mukesh Ambani truly appreciated the CM’s efforts towards the state’s welfare.

Summary

Mukesh Ambani visits Andhra Pradesh Chief Minister to discuss RIL’s contribution towards the state.

Advertisements

JioTV to Stream Olympic Games 2018 on its Mobile and Desktop Version

February 9, 2018

Live television app of Mukesh Ambani owned Reliance Jio, JioTV has bagged the digital rights of the Olympic Winter Games 2018. It will broadcast the PyeongChang Olympic Games live for the Indian audiences.

JioTV’s deal

JioTV has entered into a deal with the International Olympic Committee. As per the deal, the app will allow its users to enjoy live as well as catch-up content of the games on their mobile devices.

Reliance Jio revealed that it will create a number of exclusive channels so that the users may watch the tournament live 24×7. It will also offer content through its seven-day catch-up feature.

Apart from this, Reliance Jio was also among one of the highest bidders to bid for the digital rights of the Indian Premier League (IPL) tournament.

2018 Olympic Games

The 2018 Olympic tournament will have 102 events covering 15 sports. The tournament will be conducted at PyeongChang County in South Korea from 9th February to 25th February. Over 90 countries have participated in the tournament. The sports in the tournament include skating, snowboarding, skiing, ski jumping, luge, and ice hockey, among others.

The International Olympic Committee stated that the Olympic Channel will stream the tournament live on its website, YouTube channel, and mobile app. The events will be streamed across the Indian sub-continent in countries like India, Pakistan, Nepal, Bangladesh, Sri Lanka, Maldives, and Bhutan, among others.

JioTV’s desktop version

In December 2017, JioTV launched its desktop version. Subscribers may log in with their IDs and enjoy live television shows and channels on their laptops or Personal Computers (PCs).

The JioTV website is compatible with any browser. It allows users to watch content for free without the dependency on apps. Users may directly watch the programs on their desktop browsers.

To watch the content on JioTV desktop version, users need to visit JioTV’s official website. The URL for the same is www.jiotv.com. Users will need to sign in to the website with their Jio SIM numbers. After the user enters the password to sign in, he may enjoy watching uninterrupted shows.

Jio users create a password for their Jio numbers on the MyJio app. The same password needs to be entered on the JioTV website. 

JioTV app

The JioTV app operates on iOS and Android smartphones and tablets. iOS users require a version that is 7.0 or higher. Android users require a version that is 4.1 or higher.

At present, JioTV has more than 425 channels and over 60 HD channels. The company will continue to add more to these.

Mukesh Ambani led Reliance Jio offers a suite of apps to its users. Apart from JioTV, the package consists of JioMusic and JioCinema, among others. All the apps are exclusively free for Jio Prime members. These apps also work on Reliance Jio’s 4G feature phone, JioPhone.

Summary

Reliance Jio’s JioTV has secured the digital rights to live stream PyeongChang Olympic Winter Games 2018. Users may watch the games on JioTV’s mobile app as well as its desktop version.

TV18 to Increase its Stake in Viacom18

February 2, 2018

TV18 Broadcast has planned to increase its shareholding in the United States (US)-based Viacom18 Media and is all set to take the operational control.

About the deal

At present, TV18 holds 50 percent stakes in the Viacom Inc. joint venture. The company is planning to buy another 1 percent at around USD 20 million. Viacom18 Media has been valued at USD 2 billion.

TV18 is a Mukesh Ambani -owned company. This move will boost the performance of the conglomerate’s telecom arm, Reliance Jio, which is now entering its next growth phase.

Viacom will hold the remaining 49 percent stakes. It will share a vision of scalability and enhanced efficiency with TV18. Apart from this, both Viacom and Viacom18 have renewed the content and brands license agreement for another ten years.

Views of the officials

Viacom18 Group Chief Executive Officer (CEO) Sudhanshu Vats termed their growth journey as exciting. He stated that this growth would not have been possible without the commitment and support of both their partners.

Both partners issued a joint statement and said that TV18 has the capability to drive synergies and add value to the multi-platform group in the fast-growing media and entertainment industry. The varied platforms consist of filmed and experiential entertainment, broadcast, digital, and media businesses.

Network18 Chairman Adil Zainulbhai said that the transaction further allows the company to enable Viacom18 focus on delivering excellence in the broadcast and digital industry. The entertainment giant is strengthened by the global expertise of Viacom in the areas of content creation and curation. Apart from this, Network18 Group and its affiliates across the media and telecom value-chain further strengthen the entertainment powerhouse.

Viacom International Media Networks CEO David Lynn stated that Viacom18 is among the fastest growing companies in the media and technology sector in India. He believes that this transaction will result in accelerated growth via closer integration and alignment with the Network 18 Group and its affiliates, which include the fastest growing mobile network in India, Jio. He further stated that Viacom is strongly committed to the joint venture and is holding the majority of ownership stake in the company.

Viacom18 joint venture

In 2007, Mukesh Ambani led TV18 entered into a joint venture with Viacom. Raghav Bahl was the then owner of TV18. Three channels of Viacom—MTV, Vh1, and Nickelodeon came under Viacom18, the newly formed joint venture. Viacom18 launched Colors, its flagship Hindi general entertainment channel, the following year.

At present, Viacom18 runs 44 TV channels in six varied languages. These channels are broadcasted across 80 countries. They are diversified into five business lines namely broadcast, films, digital, live events, and merchandise.

In the financial year ending in March 2017, Viacom18 reported total revenue of INR 3,040.7 crore. TV18 reported revenue of INR 277.3 crore in the December quarter.

TV18 and Viacom18 also own IndiaCast, another joint venture for distribution of TV channels.

Summary

TV18 Broadcast will be increasing its stake to 51 percent in the joint venture Viacom18 Media.

Reliance Jio to Record a Profit this Quarter

January 12, 2018

Mukesh Ambani owned Reliance Jio to announce a report of its December quarter performance and is expecting to record its first-ever quarterly profit.

Reliance Jio’s profits of this quarter

The October to December quarter is going to be Reliance Jio’s first profitable quarter. This important financial milestone of the company is coming in less than 18 months of its launch. Jio entered the telecom market of India with free services provided to the customers, which triggered a tariff war in the sector.

According to some analysts, the reason behind Jio being closer to seeing profits is because of the shakeout in the telecom industry. This has brought down a number of serious players in the industry.

At the Hindustan Times Leadership Summit, last year, Mukesh Ambani, ame out with a warning for its rivals. He had announced that Reliance Jio is on its way to making profits.

July to September quarter of Jio

A pre-tax profit was reported in the July to September quarter by Reliance Jio. The profit was of INR 261 crore, which was its first-ever operating profit on standalone revenues of almost INR 6,147 crore. Though for the three months till September, Reliance Jio also faced a net loss of INR 270.5 crore.

Last year in September, the Telecom Regulatory Authority of India (TRAI) reduced the interconnect charges for mobile calls to 6 paise from 14 paise. This led to a big blow for the older telecom companies and resulted in a potential boost for Reliance Jio.

Launch of Jio

It has been more than a year now when Ambani launched the fourth-generation wireless service, Jio. It disrupted the telecom market by offering data at cheap dirt prices and free calls on mobile phones. The older players of the telecom market were forced to cut down the prices of their data. Jio offered free voice calls and SMS, which were still not free on other telecom operators. This has helped the company to attract 160 million customers.

Mobile data consumption

The mobile data consumption in India has gone beyond the data consumption of the United States and China combined, in 2017. According to Ambani, the data consumed by Jio users is nearly more than the entire data consumption of the United States and 50 percent more than China. India has become the top country in the world for the usage of mobile data. He also said that it is with Jio that Indian customers are consuming 100 crore GB data monthly, which is more than 3.3 crore GB data daily.

2017 was a year of alteration and bitter competition in the telecom industry. With the demand of data fuelling the digital economy, 2018 might be the growth year for the telecom sector. According to reports from the Press Trust of India, it is estimated that an investment of around INR 3 lakh crore will be made in the coming two years.

Summary
Mukesh Ambani led Reliance Jio is set to announce its first-ever quarterly profit for the October to December quarter.

Reliance Jio to buy Wireless Assets of Reliance Communications

December 29, 2017

Mukesh Ambani Reliance Jio (RJio) has inked a pact with Anil Ambani’s Reliance Communications (RCom) to buy a majority of the latter’s wireless assets. Both the companies announced this in separate statements on 28th December, the day of the 85th birth anniversary of their father, Late Dhirubhai Ambani.

Wireless assets pact

RCom had received non-binding offers from around 15 companies for its wireless assets deal. RJio turned out to be the highest bidder and inked binding agreements with RCom. The wireless assets of RCom comprise all spectrum, fiber optic network, tower, and other components of the telecom infrastructure. The deal includes 122.4 MHz of 4G spectrum in four bands of 2,100, 1,800, 900, and 800; 43,000 towers; 248 media convergence nodes that cover an area of five million square feet; and 1.78 lakh route kilometer (RKM) fiber with countrywide footprint.

The sale is subject to approval from the government and other regulatory bodies, the release of all encumbrances on the assets, consent from all lenders, and other conditions. RJio will pay the consideration after the completion subject to adjustments given in the agreement. The consideration primarily consists of cash payment and includes the transfer of deferred spectrum installments, which needs to be paid to the Department of Telecommunications (DoT).

The two companies had earlier entered into agreements for sharing spectrum, tower infrastructure, and fiber network.

Win-win deal

The assets deal is said to be a win-win for both the companies. RJio will gain access to RCom’s valuable 4G spectrum and other wireless assets. This will give an additional firepower to the company in its telecom business. RJio mentioned in its statement that these assets are strategic in nature and they will significantly contribute to the company’s large-scale rollout of Fiber to Home and Enterprise and wireless services. On the other hand, RCom will be able to reduce its debt substantially. The company owed INR 45,000 crore at the end of October. Its statement mentioned that RCom will use the cash deal for pre-payment of its debt to the lenders.

Mahesh Uppal, Director at telecom consultant ComFirst India, stated that the deal would surely help RCom address its debts. He said that RJio understands the current value and history of these assets better than anyone else does and hence the deal will help RJio too.

RCom’s assets

RCom is looking to sell its assets and reduce its debt by INR 39,000 crore. Post the deal with RJio, the company will be left with its real estate assets and 134 MHz spectrum. It is understood that the company has already found bidders for the spectrum.

Impact of Reliance Jio

The launch of Mukesh Ambani owned Reliance Jio in September 2016 shook the telecom industry in India. Its cut-price data and free voice affected other incumbent players. The strategy pushed RCom into a debt spiral. Bharti Airtel bought assets of other smaller telecom companies like Tikona Digital, Telenor India, and Tata group’s consumer mobile business. Besides, Vodafone India and Idea Cellular entered into a merger, which was announced during early 2017.

Summary

Reliance Jio signs a deal with Reliance Communications to buy the latter’s wireless assets.

Jio Extends its Triple Cashback Offer Till December 15th and a Special Plan for Xiaomi Redmi 5A Customers

December 1, 2017

Mukesh Ambani owned Reliance Jio has extended the offer of triple cashback until December 15th, 2017 and has introduced a new plan for the Xiaomi Redmi 5A customers.

Triple cashback offer by Reliance Jio

Reliance Jio introduced a triple cashback offer at the start of November. In this offer, it provides 100 percent cashback vouchers on every recharge of INR 399 or above. The offer also provides cashbacks worth INR 300 instantly on using digital wallets like FreeCharge, Amazon Pay, MobiKwik, Paytm, PhonePe, and Axis Pay for making payments.

Reliance Jio has also partnered with some e-commerce brands and is offering vouchers up to INR 1,899. This offer was supposed to last only until November 25th, but later it was extended until December 15th.

The new users will receive slightly better deals than the existing users on e-wallet platforms. First-time patronizers of MobiKwik, who are Jio Prime members, will get the highest cashback of INR 300.

Offer on the Xiaomi Redmi 5A

Reliance Jio has collaborated with the Chinese smartphone brand Xiaomi and together they have an offer, i.e. a special monthly plan that offers 1GB of data daily worth INR 199. It will also offer free voice calls, unlimited SMS, as well as access to Jio Apps. The plan has 28 days validity and is the lowest tariff plan for a month in the market.

The customers of Redmi 5A will get a cashback worth INR 1,000. The users can avail this cashback by continuing to do a recharge of the INR 199 plan in their accounts for 12 months. The cashback will come in as 10 vouchers worth INR 100 and it will be credited to the customer’s account after the completion of 12 months. To avail the offer, recharge for the first time should be done from 5th December 2017 to 30th November 2018.

Xiaomi Redmi 5A

The Xiaomi Redmi 5A comes in two different variants— a 2GB RAM with 16GB ROM which is worth INR 4,999 and a 3GB RAM with 32GB ROM which is worth INR 6,999. The smartphone has the Qualcomm Snapdragon 425 chipset with a quad-core processor and a 3,000 mAh battery. It has an HD display that measures 5 inches and is fully laminated. The phone runs on the Android 7.1 Nougat operating system.

Other offers by Reliance Jio

Mukesh Ambani led Reliance Jio has partnered with other handset companies for a few more offers.

  • Jio and Oppo offer

Customers who buy the Oppo F3, F3 Plus, F1 Plus, or F5 smartphone will get an additional 4G data of 10GB with every recharge of INR 309 and above. This offer is limited to 10 recharges.

  • iPhone X buyback offer

The iPhone X buyback offer refunds 70 percent of the MRP on the return of the smartphone, after a year. To become eligible for this offer Jio subscribers will have to do a recharge of INR 799 or above every month for a year.

Summary

Jio extends the triple cashback offer and has introduced a new offer for Xiaomi Redmi 5A smartphone customers.

Jio Prime Members Get a New Triple Cashback Offer

November 10, 2017

Jio has brought new cashback offers and discounts for its prepaid customers.

Jio cashback offers

Mukesh Ambani owned Reliance Jio unveiled some new cashback offers recently. On a recharge of INR 399 users will get a cashback which will include eight vouchers of INR 50 and this amount will be credited to the MyJio digital wallet of the user. Users can use these INR 50 vouchers to do any subsequent recharge or data top-ups.

Jio subscribers are also going to get vouchers worth INR 300 that will be credited to AmazonPay, FreeCharge, AxisPay, Mobikwik, PhonePe, and Paytm, as these are Jio’s partner mobile wallets.

This is not all; subscribers will also get online shopping vouchers worth INR 1,899 and also discounts on flight tickets on specific portals. These offers will start from November 10th and will be valid until November 25th.

Words of the Director General of COAI on the Jio offers

Rajan Mathews, the Director General of the Cellular Operators Association of India (COAI) said that the offer is limited to a class of people in Jio’s customer base. That is the reason it does not violate any Telecom Regulatory Authority of India (TRAI) regulation. He also predicted that it is expected that more of these plans are going to be introduced by telecommunication companies that want to retain customers. He also said that other competitors have to match Jio and the competition just keeps on getting better.

Talking about the new offers by Jio, he said that these are designed so that it protects the July-September average revenue per user (ARPU). To maintain the ARPU the company has to retain the Jio Prime members as well as make sure that cash is constantly coming in. According to Sanjiv Bhasin, the Executive VP at IIFL, these offers are made to achieve that goal.

About Jio and its prepaid plans

Mukesh Ambani led Reliance Jio has been known for its affordable data plans and offers. Until September end, the telecom company had almost 138.6 million users. It had a net loss of INR 270.59 crore and its revenue was INR 6,147 crore for the quarter that ended in September.

Some of the prepaid plans by Jio:

  • INR 19 plan

The plan has a one-day validity and offers 0.15GB data and 20 SMS.

  • INR 52 plan

This plan has 7 days validity and offers 70 SMS. It offers unlimited data but has a daily limit of 0.15GB. This means that the Internet speed will slow down to 64Kbps if the user exhaust the daily limit.

  • INR 98 plan

The INR 98 plan has a validity of 14 days. It offers unlimited data with a daily limit of 0.15GB and also offers 140 SMS.

  • INR 149 plan

This plan has a validity of 28 days and offers unlimited data with a daily limit of 0.15GB, which means the Internet speed will go down to 64Kbps once the user exhausts the daily limit. It also offers 300 SMS.

Summary

Reliance Jio to offer cashbacks and discounts to its Jio prime customers.

Mukesh Ambani Becomes Asia’s Richest Man

November 3, 2017

Mukesh Ambani became Asia’s richest man by overtaking Hui Ka Yan, a Chinese businessman.

Mukesh Ambani on the Forbes Real-Time Billionaires’ list

The Chairman of Reliance Industries Limited (RIL), Mukesh Ambani stands at the 14th rank of the global Forbes Real-Time billionaires’ list. The list of Forbes is based on the value of stock holdings and assets of an individual on a real-time basis.

According to the list, the wealth of Ambani rose from USD 223 million to USD 41.8 billion. On the other hand, the wealth of the Chairman of China Evergrande Group, Hui Ka Yan has gone down by USD 586 million to USD 41.2 billion.

Other businessmen on the list

The Forbes Real-Time Billionaires’ list also had some other businessmen like the CEO and Founder of Amazon, Jeff Bezos who topped the list with the total net worth of USD 93.3 billion. Bill Gates ranked 2nd on the list with a net worth of USD 89.5 billion. Mark Zuckerberg, Founder of Facebook, stood at the 5th position with a fortune of USD 75.8 billion.

Reliance Industries Limited’s earnings

Mukesh Ambani’s RIL has posted a 12.5 percent increase in its consolidated net profit of INR 8,109 crore in the quarter of September FY18. The revenue of RIL has increased by 23.9 percent to INR 101,169 crore i.e. USD 15.5 billion. While in the previous year, it was INR 81,651 crore.

RIL sparked a price war in 2016 after launching its telecom service, Jio. It has a record of 130 million customers. Jio offered free domestic voice calls and data at cheap prices and also launched a new 4G phone that is effectively free.

Mukesh Ambani ranks as the richest Indian

Last year the Chairman of RIL ranked as the richest Indian for the 10th time in a row on the Forbes list with a total worth USD 38 billion i.e. INR 2.5 lakh crore. His younger brother Anil Ambani dropped down to the 45th spot with a net worth USD 3.15 billion, whereas in 2016 he ranked at the 32nd spot.

Ambani’s comment on the Q2 earnings

Commenting on the Q2 earnings, RIL’s Chairman Mukesh Ambani said that RIL has reported a strong and steady performance. He is pleased to share that this also includes Reliance Jio’s financial performance that had a positive EBIT contribution of commercial operations in its first quarter.

While Jio, the telecom arm of RIL has reported a loss of INR 270.6 crore, its revenue for the September quarter has surprised many analysts. Its revenue was INR 6,147 crore while the EBITDA of Jio was INR 1,442 crore. On this, Ambani has also said that this result of Jio is strong and it shows how robust the business model and the other important efficiencies RIL has built with its investment in 4G technology and the right business strategy. He believes that as always RIL has demonstrated excellence in vision, execution, and commercial acumen.

Summary

Mukesh Ambani overtook Chinese businessman Hui Ka Yan and takes the first spot as Asia’s richest man.

Nita Ambani – The Person with a Mission

October 30, 2017

Nita Ambani, a person who has made contributions to education, health, sports, and also a revival of arts has received the Rashtriya Khel Protsahan Puraskar, among her many achievements.

Receives the Rashtriya Khel Protsahan Puraskar

Receiving the award in Delhi from the President of India was a humbling experience for Nita Ambani. She said that it was a tribute to the hard work of the Reliance Foundation and the team players. She also said that before buying the Mumbai Indians team, she was not interested in sports. However, in 2009, she went on a trip with the team to South Africa, which was her first exposure to live sports. This made her start the ‘Education For All’ initiative with Mumbai Indians and other programs for sports as well.

Indian Super League

At a global conference in 2014; the FIFA World Cup was being played live on the television. The participants at the conference started cheering for their team and she felt left out as there was no Indian team to cheer for. This time, when she came back she decided to do something for Indian football and that’s how the Indian Super League came about.

International Olympics Committee 2016

In 2016, the International Olympics Committee elected Nita Ambani as its first woman member. It was a proud moment for her as girls like Sakshi Malik, Dipa Karmakar, and PV Sindhu were playing their winning bouts at that time. She thinks that Indians should encourage girls to get into sports. According to her, India should get involved in the grassroots development of sports; otherwise, it cannot become a sporty nation.

Nita Ambani talks about work and family

When asked whether her family brings work home, she said that as her children have joined the family business, it is natural to discuss work even when they are home. She also feels that it is exciting as she is learning new things from them.

When talking about her children, she said that she has always given equal opportunities to all three. She said that she raised Isha without any distinction. She allowed her children follow their dreams.

When talking about her marriage with Mukesh Ambani and how they bond, she said that they’ve been married for 33 years and she is lucky to have someone who supports her in everything she does. Their friendship and partnership has stayed through the years.

Nita Ambani talks about the new projects

Nita Ambani feels very excited about the convention center (which will have a performing theatre) in BKC, Mumbai and the traveling museum. She said that the convention center is for the people of Mumbai and it will be completed by 2019. She also thinks that India should send the best of its arts and crafts to different countries. This is the reason why she took the Nasreen Mohamedi to the Metropolitan Museum of Arts (Met), New York.

Summary

Nita Ambani talks about family and her contribution to arts and sports for the betterment of India.

Nita Ambani Gives a Generous Gift to The MET

October 13, 2017

Founder and Chairperson of Reliance Foundation, Nita Ambani is the first South Asian who has been honored by the Metropolitan Museum of Arts (The Met).

Nita Ambani honored by The Met

Nita Ambani was honored by The Met in New York for her philanthropic work. She has done noticeable work in areas of rural transformation, health, education, disaster response, urban renewal, promotion of arts, and women’s empowerment. The Met was impressed by the direction she gave the foundation to focus and work on sustainable rural and urban transformation initiatives.

She has also done some noticeable works for sports in India, which was acknowledged by the International Olympic Committee (IOC). The committee even elected her as its first female Indian member.

Words of Nita Ambani at The Met

Nita Ambani said that she is delighted and humbled for the honor received for her work at Reliance Foundation. She said that it is gratifying to see the changes her efforts have brought in education, rural transformation, and healthcare, which has brought a smile to millions of people. She also feels that this recognition by The Met is a tribute to the foundation that will inspire everyone at Reliance Foundation to do their best and stay committed to social empowerment and sustainable development to make this world a better place for the next generation.

Reliance Foundation gives a generous gift to The Met

The Met announced that they have received a generous gift from Reliance Foundation. Visitors can expect to catch up on some landmark Indian exhibits for the next few years. The philanthropist foundation led by Nita Ambani will be supporting a range of exhibitions. These exhibitions will examine the influence and accomplishments of Indian arts and artists across time and media for the coming years.

The first gift, which was opened on 11th October, was the photographs of Raghubir Singh, titled as “Modernism on the Ganges”. The other following exhibitions will focus on the Mughal and the Buddhist eras as well as on contemporary Indian sculptures.

Nita Ambani’s words on the collaboration

Nita Ambani said that the partnership will allow Indian art to be displayed at an iconic institute. She also feels delighted with the long-term collaboration with the Met and hopes that this partnership will be a wonderful journey of learning and sharing art.

About Reliance Foundation

Reliance Foundation has carried out a variety of works that have been led by its founder, Nita Ambani. The foundation contributes to the fields of education, healthcare, sports development, and women empowerment. It also supports Indian art. Over 10 million Indians have been benefited by this foundation, bringing betterment in the lives of individuals from around 10,500 villages and urban areas.

About The Met

The Met is known as one of the most iconic museums in the world. It is located at three sites in New York—The Met Breuer, The Met Cloisters, and The Met Fifth Avenue. This event at The Met was hosted by the Multicultural Audience Development Initiative to celebrate the museum’s diverse communities and to raise awareness and support for the Audience Development department.

Summary

Nita Ambani was honored by The Met for her philanthropic work and she gave a generous gift to the globally famous museum.