Meet Akash Ambani, the new boss of Reliance Jio

News Network
June 28, 2022

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The digital arm of Reliance Industries, Reliance Jio Infocomm Ltd, on Tuesday, June 28, announced that Ambani would resign as the director of the company effective from 27 June.

In a regulatory filing, Reliance Jio said the company's board at a meeting on 27 June, "approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company."

Among other appointments, Pankaj Mohan Pawar will take over as the Managing Director of the company from 27 June.

Raminder Singh Gujral and KV Chowdary were appointed independent directors.

In 2021, Ambani said that his kids were taking more responsibilities as part of the leadership shift. He said he could see in his children the same spark and potential of his father Dhirubhai Ambani – Reliance’s founder – for contributing to the country's growth.

Few things to know about Akash Ambani

- Akash Ambani, who has graduated from Brown University with a major in Economics, has been closely involved with the disruptive and inclusive growth path charted by the digital services and consumer retail propositions of Reliance group and is now leading the creation of the ‘convergence dividend’ for over 500 million consumers.

- Akash has been closely involved with the creation of the digital ecosystem around Jio’s 4G proposition. He was closely involved with a team of engineers in inventing and launching an India-specs focussed Jiophone in 2017 which became quite a revolutionary device to take many people out of 2G to 4G.

- He personally led the key acquisitions made by Jio in the digital space in the last few years and has also been keenly involved with development of new technologies and capabilities including AI-ML and blockchain.

 Akash was integrally involved in the trailblazing global investments by tech majors and investors in 2020, which in many ways catapulted Jio onto the global investor map.

The Board of Directors have at their meeting held on 27 June, 2022:

(a) approved the appointment of Raminder Singh Gujral and KV Chowdary, as Additional Directors of the Company, designated as Independent Directors for a period of 5 (five) years commencing from 27 June, 2022, subject to approval of the shareholders

(b) approved the appointment of Pankaj Mohan Pawar as Managing Director of the Company for a period of five (5) years commencing from 27 June, 2022, subject to approval of the shareholders

(c) noted the resignation of Mukesh D Ambani as Director of the Company effective from close of working hours on 27 June, 2022

(d) approved the appointment of Akash M Ambani, Non-executive Director as Chairman of the Board of Directors of the Company.

"In accordance with the circular dated June 20, 2018, issued by the Stock Exchanges, we hereby confirm that Raminder Singh Gujral and KV Chowdary are not debarred from holding the office of Director by virtue of any Securities and Exchange Board of India order or any other such authority," the company added.

Established in 2019, Jio Platforms, wholly-owned by RIL, is an Indian technology company.

Shares of Reliance Industries closed at 2,529.00 apieace on BSE, 1.49% higher than yesterday's close. At the NSE, it climbed by 1.50% to settle at ₹2530.00 apiece.

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News Network
August 17,2022

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New Delhi, Aug 17: Congress veteran Ghulam Nabi Azad -- long upset with the party -- has resigned from a key party post in Jammu and Kashmir, signalling a revolt within. Made the chairman of the party's campaign committee, he stepped down from the post shortly after his appointment. He has also resigned from the party's Jammu and Kashmir political affairs committee.

Sources indicated that Mr Azad saw the appointment as a demotion as he is already a member of the party's all-India political affairs committee. A veteran leader, he is also a former Chief Minister of the erstwhile state, served as a union minister and held many important party posts. He was also one of the group of 23 leaders who wrote an explosive letter to party chief Sonia Gandhi two years ago, seeking organisational changes

The resignation of Mr Azad came shortly after his close aide, Ghulam Ahmed Mir, was dropped from the post of the chief of the party's Jammu and Kashmir unit. Mr Mir had stepped down last month.

The party had effected a thorough organisational shake-up in the Union Territory and appointed Vikar Rasool Wani in place of Mr Mir.

Sonia Gandhi had also formed the campaign committee, political affairs committee, coordination committee, manifesto committee, publicity and publication committee, disciplinary committee and Pradesh election committee with immediate effect, reported news agency Press Trust of India.

The assembly elections in Jammu and Kashmir will be held after the finalisation of electoral rolls and completion of the delimitation exercise. There is, however, concern that the polls cannot be held this year as delimitation and electoral rolls revision cannot be completed before the deep winter sets in.

A timeline for the election is yet to be announced.

The Election Commission, however, has recently revised the date of final publication of voters list to November 25. This would be the first voters' list of the Union Territory after the boundaries of assembly seats were redrawn in the delimitation exercise.

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News Network
August 12,2022

Udupi, Aug 12: A 32-year-old woman lost her life when the motorbike on which she was riding pillion skidded and fell when a cow suddenly came across the road at Vandse village in Kundapura taluk of Udupi district. 

The victim has been identified as Ambika, an assistant teacher at Hemmadi government model higher primary school. She was riding pillion with her husband Srikanth, who is also a teacher at Navundra government higher primary school when the incident occurred on August 11 morning. 

It is learnt that Srikanth used to drop his wife to her school before heading to his school on his motorbike. The couple has a one-and-half-year-old child.

On August 11, when their two-wheeler reached Vandse, a cow suddenly ran across the road. 

In his bid to avoid crashing into the cow Srikanth lost control over his vehicle and it skilled and fell. Even though he suffered minor injuries his wife suffered severe head injuries.  She was rushed to a private hospital in Udupi where she breathed her last by night.

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News Network
August 14,2022

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A nine-year-old Dalit boy, a student of a private school in Rajasthan's Surana village died on Saturday, August 13, days after he was brutally beaten by his school teacher for touching a drinking water pot.

40-year-old teacher Chail Singh, an upper caste Hindu, who allegedly beat the boy has been arrested and charged with murder and under sections of the Scheduled Caste and Scheduled Tribe (Prevention of Atrocities) Act.

Police said the reason for beating up the Class 3 student Indra Meghwal that he touched a drinking water pot is being investigated.

The incident took place on July 20, the victim's father said. The boy suffered a serious injury to his face and became unconscious after receiving the beating. The boy was taken to the district hospital from where he was referred to a hospital in Udaipur. But even after a week, there was no improvement. The family decided to take him to Ahmedabad where he succumbed to the injuries. The photo of the boy with swollen eyes and an injured nose has surfaced on social media.

"He remained admitted at the hospital in Udaipur for about a week, but seeing no improvement, we took him to Ahmedabad. But his condition did not improve even there and he finally succumbed on Saturday," the boy's father Devaram Meghwal said.

The state education department has initiated an inquiry into the incident. Two officials have been asked to submit a report to the block education officer.

Rajasthan chief minister Ashok Gehlot said the incident is tragic and the state government will ensure that the victim's family gets justice at the earliest. The CM has also announced an assistance of ₹5 lakh to the family of the deceased.

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