Skip to content
Search

Latest Stories

Mukesh Ambani expected to meet Trump and Qatari Emir amid deepening global ties

Ambani’s detailed itinerary in Doha remains undisclosed

Mukesh Ambani

Reliance’s continued efforts to engage with influential global leaders

Getty

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, is expected to meet US President Donald Trump and the Emir of Qatar in Doha on Wednesday, according to sources familiar with the matter.

The meeting is seen as part of Reliance’s continued efforts to engage with influential global leaders. Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA), has previously invested in multiple Reliance ventures, while Ambani also maintains key partnerships with major US tech companies such as Google and Meta.


Ambani is likely to attend a formal state dinner hosted at Lusail Palace in Trump’s honour, sources said. However, no official business or investment discussions are expected to take place during the dinner.

A second source confirmed that a London-based, Indian-origin business figure with strong ties to both the Trump and Qatari leaderships will also attend the event. The individual has not been publicly identified.

Ambani’s detailed itinerary in Doha remains undisclosed, and Reliance Industries has not commented on the reports.

The visit comes shortly after Qatari Emir Sheikh Tamim bin Hamad Al-Thani’s trip to India in February, during which Qatar announced plans to invest $10 billion in various Indian sectors.

Following his visit to Qatar, Trump is expected to travel to the United Arab Emirates on Thursday. According to reports, his UAE trip will focus primarily on investment discussions, rather than regional security matters.

Ambani, Asia’s richest individual, continues to expand Reliance’s global presence through high-profile engagements and strategic partnerships, reinforcing the company’s global ambitions.

More For You

Rosneft in early talks to sell India refinery stake to Reliance

Reliance Industries chairman Mukesh Ambani (Photo: Getty Images)

Rosneft in early talks to sell India refinery stake to Reliance

RUSSIAN oil major PJSC Rosneft Oil Company is in early discussions with Reliance Industries to sell its 49.13 per cent stake in Nayara Energy, an Indian energy company that operates a 20-million-tonnes-per-year oil refinery and 6,750 petrol pumps, sources familiar with the matter said.

The deal, if finalised, would see Reliance overtake state-owned Indian Oil Corporation (IOC) to become India’s largest oil refiner. It would also provide Reliance with a significant expansion in fuel retailing, where it currently holds a relatively small presence.

Keep ReadingShow less
modi-trump-getty
Trump shakes hands with Modi during a joint press conference at Hyderabad House in New Delhi on February 25, 2020. (Photo: Getty Images)
Getty Images

Key issues in India, US trade talks

TRADE talks between India and the US have hit a roadblock over disagreements on duties for auto components, steel and farm goods, Indian government sources said to Reuters, dashing hopes of reaching an interim deal ahead of president Donald Trump's July 9 deadline to impose reciprocal tariffs.

Here are the key issues at play:

Keep ReadingShow less
Anil Agarwal

Vedanta Resources, which is based in the UK and owned by Indian billionaire Anil Agarwal, has been working on reducing its debt. (Photo credit: Getty Images)

Getty Images

Anil Agarwal’s Vedanta Resources signs £438 million refinancing deal

VEDANTA LTD said on Thursday that its parent company, Vedanta Resources, has signed a loan facility agreement worth up to £438 million with international banks to refinance existing debt.

The refinancing move, where old loans are replaced by new ones, often at better terms like lower interest rates, has led ratings agencies such as S&P Global Ratings and Moody's to upgrade their outlook on the company this year.

Keep ReadingShow less
Trump-Getty

Trump said that while deals are being made with some countries, others may face tariffs.

Getty Images

Trump says major trade deal with India may be finalised soon

US PRESIDENT Donald Trump on Friday said a "very big" trade deal could be finalised with India, suggesting significant movement in the ongoing negotiations between the two countries.

“We are having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India," Trump said at the “Big Beautiful Bill” event at the White House.

Keep ReadingShow less
Asda suffers nearly £600m loss as debt and IT costs surge

Asda co-ownerMohsin Issa. (Photo: Asda)

Asda suffers nearly £600m loss as debt and IT costs surge

ASDA, one of Britain’s largest supermarkets, has reported a pre-tax loss of £599 million for 2024, swinging sharply from a £180 million profit the previous year.

The loss comes despite total sales rising by over £1 billion to £26.8bn, as the retailer faces mounting debt costs, falling sales, and spiralling spending on a major IT overhaul, the Telegraph reported.

Keep ReadingShow less