Akash Ambani

An India Today Spot Check investigation uncovers severe food safety and hygiene violations across eateries in Delhi's Paharganj and areas surrounding the New Delhi Railway Station. The report follows an enforcement drive by Maharashtra FDA Commissioner Tukaram Mundhe. Undercover footage at establishments including Punjabi Dhaba 7876, Royal Flavors, and Madras Hotel reveals widespread non-compliance, with staff operating without hair nets or gloves, pest and rat infestations, and food preparation taking place directly adjacent to open, dirty drains. Staff and management acknowledge bribing officials and treating regulatory inspections as routine formalities, relying on mere licenses rather than maintaining cleanliness. The broadcast also highlights Reliance Industries' record-breaking milestone as Jio Platforms launches India's largest-ever initial public offering of 30,213 crore rupees, marking a massive digital expansion nearly five decades after Dhirubhai Ambani took the parent company public.

Reliance Industries has reached a historic milestone as Jio Platforms is set to debut as India's biggest-ever initial public offering. The 30,213 crore rupee issue was fully subscribed within 100 minutes of opening and closed subscribed 20 times, attracting total bids exceeding seven lakh crore rupees. The anchor book earlier drew global bids worth over 2.5 lakh crore rupees from prominent investors including BlackRock and ADIA. Existing marquee investors like Meta and KKR are not cashing out, with the IPO structured purely as a fresh issue of shares. Scheduled to list on 28 October, the digital flagship is expanding beyond telecom into artificial intelligence, cloud, satellite connectivity, and enterprise solutions.

The 30,213 crore rupee initial public offering of Jio Platforms made history by getting fully subscribed within the first two hours of opening, surpassing Hyundai Motor India to become the country's largest public issue. Data showed total subscription reaching 1.65 times by afternoon on day one, led by qualified institutional buyers. The issue attracted major global investors, while early backers and promoters retained their stakes in the 100 percent fresh issue. Jio plans to allocate up to 27,500 crore rupees to repay debt at Reliance Jio Infocomm to transition towards a net debt-free position.

This special broadcast of India First, anchored by Gaurav Sawant, covers key national developments across politics, law and order, and business.

Reliance Industries is preparing for what could become India's largest initial public offering as Jio Platforms looks to raise up to thirty thousand two hundred and thirteen crore rupees. The group has reached out across its nearly 4.2 lakh strong workforce to encourage investment, reportedly releasing October salaries fifteen days early and assessing if staff and their families hold Demat and trading accounts. Eligible Jio employees receive a reserved quota with a five per cent discount, while Reliance shareholders have a separate reservation. Priced between one thousand sixty-five and one thousand one hundred and nineteen rupees per share, the offering could value Jio Platforms at over ten lakh crore rupees. With anchor bids opening on October nineteenth and public subscriptions on October twenty-first, the debut also marks a pivotal leadership milestone for next-generation leaders Akash Ambani and Isha Ambani as the group seeks to become India's largest conglomerate by listed market capitalisation.

Reliance Industries subsidiary Jio Platforms is preparing to launch what is slated to be the largest initial public offering in the history of Indian capital markets, valued at an estimated ten point three lakh crore rupees at the upper price band. The issue, opening on twenty-first October with a price band between one thousand sixty-five and one thousand one hundred and nineteen rupees, consists entirely of fresh share issuance rather than an offer for sale. Meanwhile, Reliance Industries responded to public remarks by Elon Musk concerning satellite communication approvals in India, affirming that the conglomerate does not fear competition and welcomes all entrants provided they comply with the nation's regulatory frameworks. In broader market updates, mutual funds have halted fresh lump sum investments and new systemic investment plans in gold exchange-traded fund of funds ahead of the festive season to ease currency pressures, while the Indian rupee opened stronger against the dollar.

Reliance Industries' telecom and digital arm, Jio Platforms, is gearing up for India's largest initial public offering, with an estimated issue size exceeding thirty thousand crore rupees. The IPO price band has been fixed between one thousand sixty-five rupees and one thousand one hundred and nineteen rupees per share, valuing the company at ten point three lakh crore rupees at the upper end. The issue opens for subscription on the twenty-first of October and closes after three days, with listing expected on the twenty-eighth of October. Unlike recent offerings from Hyundai Motor, NSE, and LIC, Jio's issue consists entirely of fresh equity shares with no offer for sale. Jio currently serves fifty-three crore users, processes twenty billion minutes of daily voice traffic, carries over sixty percent of India's data traffic, and operates the world's largest 5G subscriber base outside China. Ahead of the anchor investor bidding round, reports indicate early bids exceeding twenty billion dollars from international investors.

Indian equity markets witnessed strong bullish momentum with the Sensex advancing over 1,300 points and the Nifty closing near the 23,000 mark, driven by IT and private banking stocks despite global tech softness. Market analyst Sharad Awasthi shared a positive outlook, assigning high probability to an ongoing recovery and targeting Nifty levels of 29,000 to 30,000 over 12 to 15 months. In major corporate developments, Reliance Industries filed the red herring prospectus for the Rs 30,213 crore Jio Platforms initial public offering, scheduled for subscription between October 21 and 23. Meanwhile, the Supreme Court set aside Yes Bank's AT1 bond write-off, and the central government proposed a phased rollout of Bharat Stage VII vehicle emission norms starting from 2029 through 2032. Additionally, Commerce Minister Piyush Goyal confirmed the finalisation of the first tranche of the India-US trade agreement, while the IMF endorsed India's revised GDP methodology.

In this Special Report, Telangana Minister for Roads & Buildings Komatireddy Venkat Reddy strongly criticises IndiGo for recent flight cancellations, calling it a 'failure of management' and 'negligence'. Speaking during the Telangana Rising Global Summit 2025, Reddy highlights the plight of stranded passengers and demands immediate corrective action from the airline and the Centre. He also details Telangana’s massive infrastructure push, including the ₹36,000 crore Regional Ring Road and the development of a 'Future City' near the airport. The Minister outlines the state's vision for a $3 trillion economy by 2047 and confirms plans to meet the Prime Minister to seek grants for the Metro rail expansion.

Akash Ambani, a close friend of Bollywood actor Ranbir Kapoor, was clicked arriving at the latter's house in Mumbai for his midnight birthday bash.

Ahead of their youngest son Anant Ambani’s wedding, Nita and Mukesh Ambani organised a mass wedding for over 50 underprivileged couples from Maharashtra’s Palghar on July 2. Anant Ambani and Radhika Merchant will get married on July 12 in Mumbai. The mass wedding function, meanwhile, was held at the Reliance Corporate Park in Thane with around 800 people representing the families of the couples. Nita and Mukesh Ambani, along with Akash Ambani and Shloka Mehta, and Isha Ambani and Anand Piramal, were present at the event.

After the three-day Jamnagar gala, Akash Ambani with wife Shloka Mehta, visited Ranbir Kapoor and Alia Bhatt's house in Pali Hill on March 8. Later, both the couples were seen going on a drive. Ranbir, who is close friends with Akash, also grooved to 'Kesariya' with Alia and Akash-Shloka on the stage at Anant Ambani and Radhika Merchant's sangeet. 

In an exclusive conversation with India Today, Anant Ambani talks about his dynamic relationship with older siblings, Akash and Isha, referring to them as his advisors while humorously dubbing himself as their 'Hanuman'.

A big generational shift at Reliance Industries as Isha, Anant, and Akash Ambani get a seat on the board of India's largest company.

Prime Minister Narendra Modi today launched 5G services at the 6th Edition of India Mobile Congress 2022 event. It is a four-day event, which is being held at Pragati Maidan in New Delhi. The wait for 5G in India is finally over and users will be able to enjoy 5G services by Diwali. Several top companies like Airtel, Reliance Jio, and Qualcomm demonstrated their 5G services as well as their benefits to PM Narendra Modi. Reliance's Mukesh and Akash Ambani were seen giving a demo to PM Modi.

Mukesh Ambani introduced Isha Ambani as the “leader” of the retail business. On June 28, he had stepped down as chairman of the board of Jio Infocomm, handing over charge to his eldest child Akash Ambani, 30. The move was part of the generational shift that is underway at the diversified RIL, which in itself is going through a transformation from just being an oil and petrochemicals behemoth till around a decade ago to a new-age business group with services that have an intense consumer connect, including telecommunications, digital businesses and retail.