The Indian startup company and the manufacturer of industrial and warehouse robots, Addverb Technologies, also backed by the Indian billionaire businessman – Mukesh Ambani, is reported to unveil the country’s first humanoid robots next year in 2025, marking India’s entry into the global humanoid robotics race.

Read more about it below.

Addverb Technologies’ Humanoid Robots Coming Next Year?

The Noida-based Addverb Technologies has now announced the company’s plan to introduce humanoid robots next year in 2025, and is ready to compete with other giants like Tesla, Agility Robotics, Boston Dynamics, Figure AI, among others. These AI-powered humanoid robots that are said to arrive next year will be capable of performing and executing multiple tasks, and will thereby be very useful in fashion, energy, retail, and many other industries.

The company is also revealed to make the best out of its partnership with Reliance Industries [Mukesh Ambani has 56% stake in Addverb Technologies], bringing Jio AI platform and 5G technologies in their making. VLA (visual and language action) technology, advanced GPU technology, energy efficient actuators, and dual arm capabilities are some of the other important specs that will be incorporated on to the humanoid robots.

Addverb Technologies Co-Founder and CEO Sangeet Kumar said, “Our foray into humanoid robotics is driven by our ambition to eliminate ‘3D’ jobs – those that are Dull, Dirty, and Dangerous.”

About its cost, nothing in particular has been mentioned, but Sanjeet Kumar did acknowledge that the process of making humanoid robots requires a lot of money. But even if this is the case, the brand is positive that it will be able to compete with other global leaders of this sphere. [Just to add, Tesla Optimus robots are expected to be priced in between USD 20,000 and USD 25,000.] Moreover, Addverb Technologies’ humanoid robots will be made aligning with the ‘Make in India’ initiative.

Stay tuned for more updates.

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Mukesh Ambani-owned Reliance Industries Limited(RIL) will be conducting its 46th Annual General Meeting(AGM) today on the 28th of August 2023, at 2 PM IST, through video conferencing. This will be the company’s first annual general meeting after listing the shares of Jio Financial Services(JFSL) on stock exchanges and also after the recent 8,278 crore investment in Reliance Retail Ventures by the Qatar Investment Authority.

Here’s more about the event and some of the expectations.

Reliance Industries Limited 46th Annual General Meeting

RIL’s AGM is considered to be one of the biggest meetings in the country where the country’s largest business conglomerate announces many of its future plans and visions. Investors and the corporate world as such look forward to this program, hoping to hear and be a witness to some key announcements.

As per reports, some of the expected announcements include – the IPO(Initial Public Offering) of Reliance Jio and Future Retail, Jio Financial Services expansion plans, announcements regarding the launch of Jio AirFiber and Jiobook Laptop, updates on RIL’s roll-out of 5G network services and prepaid plans, more updates concerning its plans on integrated renewable energy power projects, steps RIL is planning to take for sustainability and clean energy usages with respect to the previous announcement made regarding the need to address climate change and other such matters.

AGM might also see shareholders discussing and approving RIL’s March 2023 financial report and also their proposal to appoint Mukesh Ambani again as the managing director of RIL, which will take his tenure after the age of 70.

For those of you who wish to watch RIL’s AGM, they may do so live on Jio’s official website and also via social media platforms including Facebook, Instagram, Twitter/X, and also on video platforms like YouTube and JioTV.

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Disney+ Hotstar has just announced today that users of its mobile application will be able to watch the live stream of the Asia World Cup 2023 and ICC Men’s Cricket World Cup for free. The Head of Disney+ Hotstar states that this action will help to improve its overall user base.

Here’s more about it.

Disney+ Hotstar Free Live Stream

Disney+ Hotstar with an aim of improving it’s over all user base has announced that it will be live streaming the most awaited cricket tournaments, the Asia World Cup 2023 and the ICC Men’s Cricket World Cup for free to its mobile application users. The exciting news was announced today, on the 9th of June, 2023, and Sajith Sivanandan, Head of Disney+ Hotstar shared of how the platform has been at the forefront of India’s growing OTT industry. He further conveys that this step by Disney+ Hotstar will help in improving its overall eco-system.

However, it should be noted that this is a major setback to JioCinema, one of the other leading live-streaming OTT platforms of the country and the platform had recorded the highest number of viewers for the Indian Premier League final of 2023 after it won the IPL digital streaming rights for a period between 2023 to 2027. The rights previously belonged to Walt Disney Co’s Disney+ Hotstar.

For those unaware, in India after the entry of JioCinema, the platform has been acquiring a lot of rights and has even started to charge for its contents with a vision to take over its other competitors and Disney+ Hotstar as part of it had lost many of its paid customers to JioCinema which explains this sudden backlash.

Even amidst this growing competition among OTT platforms, cricket lovers this season are assured the best live-streaming experience, and this time, they are even going to save some of their money as well.

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Reliance, the most effectively approachable company, is now at the peak of promoting its new launch of 5G. The company recently announced its initiative to offer 5G services to users worldwide. The information was revealed by the chairman and MD of Reliance Industries, Mr. Mukesh Ambani, himself.

Now, the official Reliance Jio Twitter account has been seen tweeting “True 5G” to inform its users about the launch and to assist them in building trust in 5G. Mukesh Ambani informed us that the services will be actively provided by the month of October this year. Initially, it is going to be launched in only the top four metro cities: Delhi,Mumbai, Kolkata, and Chennai. However , by December 2023, the services will reach larger sections of the country as well.

True 5G

— Reliance Jio (@reliancejio) September 2, 2022

Reliance has a tie up with certain huge organisations like Google and Meta for its smooth execution of the plan. Users, along with the owners of the industry, expect a good outcome of this launch as it will bring an expected boost in certain industries, including but not restricted to, mining, warehousing, and manufacturing.

According to the sources, Ambani has invested around $25 billion in these services. The tweet “True 5G” is still expected to be true while it offers its services to the users. Mukesh Ambani, on the launch, said, “Jio 5G services will connect everyone, every place, and everything with the highest quality and affordability. We are committed to making India a data-powered economy, even ahead of China and the US.” Well , seems like Jio will have to face competitors like Bharti Airtel, Vodafone with their new launches and services as well. Customers might be drawn to 5g at the same time, so none of them would remain silent. Let’s see what kind of strategies the competing industries bring on board to land at the same page as of Reliance Jio

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Mukesh Ambani resigns from Jio Board and passed the leadership to his elder son Akash Ambani. He is the new chairman of the million-dollar company ‘Jio’.

The former CEO of Reliance Industries Mukesh Ambani resigned as the chairman of the unit. Aakash Ambani, a non-executive director was announced as the new chairman.

Additionally, Pankaj Mohan Pawar will be working as the Managing Director of the company from June 27. Moreover, Reliance industries have reached great heights since its existence.

Reliance Industries is an Indian multinational conglomerate company which is headquartered in Mumbai. It has different businesses including energy, telecommunication, mass media, textiles and natural gas.

Additionally, Reliance is one of the most successful companies in India and also the tenth largest employer in India which has over 236,000 employees.

Hence, after 65 years of constant work and dedication to Reliance, the billionaire Mukesh Ambani has stepped down from the Reliance Jio Board and transferred all the responsibilities to Akash Ambani.

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India’s Mukesh Ambani and Gautam Adani are now richer than Mark Zuckerberg, as Meta shares crash on February 3, 2022. Meta’s CEO Mark Zuckerburg lost $29 billion net worth. This happened as of the company’s stock witnessed a record decline of around 26 % at $ 200 billion. The last quarter in 2021, Facebook reported a first-ever fall in its users. This was the sheer intraday downfall of the US-based firm in the market so far.

This resulted in Mark Zuckerberg diving to 12th position in richest man, worldwide. Zuckerberg’s net worth stands at $84.8 billion. This net worth is lower than Mukesh Ambani’s worth $ 89.5 billion, and Gautam Adani’s $90.5 billion respectively, as calculated by Forbes.

As per analysis, Meta’s general inventory worth crashed by over 200 billion USD, roughly equal to the dimensions of New Zealand’s economic system. In the fourth quarter, Meta has reported a turnover of 33.67 billion$, however, has made $10.3 billion in internet revenue, which is about 8% lower than the final 12 months, as per sources.

The top billionaire among all is Elon Musk, the owner of Tesla and SpaceX. The top 10 of this list include- Jeff Bezos with $ 165 billion net worth, Bill Gates with $ 132 billion, Larry Page with  $ 122 billion, Warren Buffet with $ 144 billion, and others. India’s billionaire Gautam Adani listed at 10th position, with a net worth of $ 91 billion, and Mukesh Ambani on 11th at $90 billion.

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Mukesh Ambani’s Reliance Industries Ltd. plans to invest $75 Billion in renewable energy is by far the biggest in India. The investment will be made on renewable energy infrastructure including generation plants, solar panels, and electrolyzers.

Billionaire Mukesh Ambani made this announcement earlier this month. This strategy will transform all the clean power into hydrogen. As hydrogen is the fuel of the future.

Reliance ids opting for Hydrogen against India’s wholesale electricity market, which is degraded by financially low utilities and by delayed payments.

“Reliance Industries is preparing itself to capture the entire value chain of the green hydrogen economy in India,” said Gagan Sidhu, director at the Centre for Energy Finance at New Delhi-based think tank CEEW, reports say.

In 2021, Prime Minister Narendra Modi announced to make India, the third biggest emitter of greenhouse gases in the world and also a major energy importer for becoming a hub for production and export of the fuel.

Green Hydrogen is critical for sustainable energy and net-zero emissions economies as it is a clean energy solution. Green Hydrogen is produced by splitting water into hydrogen and oxygen using renewable sources.

There are many countries working on hydrogen strategy, where the U.S.A, India, China are expected to reshape the global market, according to analysis.

Other major companies of India like Adani Enterprises Ltd., NTPC Ltd.(National Thermal Power Corporation Limited), and  IOC(Indian Oil Corp.) are also working on the same strategy for Green Hydrogen.

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According to a company release to the National Stock Exchange of India, Reliance Industries, a conglomerate headed by Asia’s richest businessman, Mukesh Ambani, has inked an MoU with the government of Gujarat state to spend 5.9 trillion rupees ($80 billion) in green projects.

If the investments are implemented, the western state will attain net-zero carbon emissions by 2035. According to the news, Ambani has boosted his intention to invest in green projects. It announced plans to invest $10 billion in renewable energy in June.

Reliance plans to invest five trillion rupees ($67.4 billion) in Gujarat over the next ten to fifteen years to build a 100-gigawatt renewable energy power plant and construct a green hydrogen eco-system.

Small and medium-sized businesses (SMEs) will benefit from the company’s eco-system, which will encourage entrepreneurs to adopt new technologies and ideas that will lead to captive usage of renewable energy and green hydrogen.

The company has announced that it will invest additional 600 billion rupees ($8.1 billion) in new energy manufacturing-integrated renewable manufacturing for solar panels, electrolyzers, and fuel cells. In addition, during the next 3 to 5 years, 250 billion rupees ($3.37 billion) will be invested in existing projects and new ventures. The company also stated that it will spend in upgrading Jio, its cellular operator, to 5G and expanding its retail operations.

The conglomerate’s decarbonization and green ecosystem projects are intended to help Prime Minister Narendra Modi’s ambitions. India’s installed renewable energy capacity hit 150 GW in November, accounting for approximately 40% of the country’s total installed power capacity of 392 GW. By 2030, the country aims to have 500 GW of installed renewable energy capacity and to be carbon-neutral by 2070.

With revenue of $73.8 billion in the fiscal year ended March 2021, Reliance Industries is India’s largest private sector corporation. In the Forbes Global 2000 rankings of “World’s Largest Public Corporations” for 2021, the firm is ranked 55th, the highest among Indian companies.

In Gujarat, Reliance Industries’ units produce plastics and petrochemicals at the world’s largest refinery complex. Jio, India’s largest mobile telecom service, and Reliance Retail, India’s largest retailer, are also part of the corporation.

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Billionaire Mukesh Ambani directed Reliance Industries will capitalize Rs 5.95 lakh crore in green energy and additional undertakings in Gujarat over the following 10 years as it glances to stimulate the clean power industry by creating giga manufacturers.

The RIL alliance will finance Rs 5 lakh crore in the Gujarat to establish up 100 gigawatts renewable energy powerplant and green hydrogen ecosystem advancement, the company said in an announcement.

It will further subsidize additional Rs 60,000 crore in establishing up 4 giga plants for manufacturing solar PV module, electrolyte which are utilized for hydrogen production, energy-storage batteries and fuel cells.

Additional, Rs 25,000 crore enterprises will be given rise to in prevailing undertakings and recent investments over the following 3 years.

RIL has moreover formulated to subsidize Rs 7,500 crore over 3 years for Jio Network up gradation to 5G and extra Rs 3,000 crore for 5 years in Reliance Retail.

RIL ratified MoU today with the Government of Gujarat for a whole undertaking of Rs 5.95 lakh crore as role of Investment Promotion Activity for Vibrant Gujarat Summit 2022. These undertakings will establish 10 lakh direct/indirect job vacancies in the nation as the business announced in the declaration.

In conference with the Gujarat administration, the corporation has begun the procedure of scouting property for a 100 GW renewable energy energy program in Kutch, Banaskantha and Dholera.

RIL’s ambitions for decarbonisation and establishing a green ecosystem emanate from the conception of Prime Minister Narendra Modi.

RIL will formulate an ecosystem for helping Small and Medium Enterprises (SMEs) and motivate entrepreneurs to adopt modern technologies and creations overseeing to captive design of renewable energy and green hydrogen as the declaration explained.

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According to recent estimations from the Bloomberg Billionaires Index, Changpeng “CZ” Zhao, the founder of the cryptocurrency exchange Binance, has joined the ranks of the world’s top billionaires, with a net worth of at least $96.5 billion.
Zhao’s estimated worth is now just behind Oracle founder Larry Ellison and barely ahead of Indian tycoon Mukesh Ambani, whose fortune has risen dramatically in the last two years.

In the fast-moving world of digital currencies, the rise of the Chinese-Canadian entrepreneur is typical of the rapid production of riches.

Other crypto pioneers, including Vitalik Buterin, the developer of Ethereum, and Brian Armstrong, the founder of Coinbase, both became billionaires last year as the value of virtual coins rose.

According to CNN, Sam Bankman-Fried, the CEO of FTX, another cryptocurrency exchange sponsored by Binance, alluded to a “exceptional amount of wealth creation” in the market over the last few years.

“CZ aims to give away the majority of his fortune, even 99 percent of his wealth, much like previous entrepreneurs and founders,” a Binance representative told CNN Business.

According to the report, Zhao founded Binance in 2017 and has since grown it into one of the world’s top cryptocurrency exchanges.

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