Tag: Reliance

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Leaders

Ira Bindra of Reliance among top global CHROs

Ira Bindra, Head of Human Resources at Reliance Industries, has been recognized as one of the world’s top HR leaders. She is ranked 28th on N2Growth’s 2025 Leaders40 CHRO list, which celebrates the most influential Chief Human Resources Officers globally.

Reliance is the only Indian company featured this year, making Bindra the first woman from India to achieve this distinction. In her role, she leads the HR strategy for around 360,000 employees across diverse sectors, including energy, telecom, retail, media, and green technologies. Her work focuses on shaping company culture, enhancing talent development, and driving organizational growth.

Before joining Reliance, Bindra held senior HR roles at Medtronic and spent 19 years at General Electric, gaining extensive experience in global talent and business management. She holds an MBA from Maastricht School of Management in the Netherlands and a History degree from Lady Shri Ram College, Delhi University.

The Leaders40 list by N2Growth is a prestigious global recognition that highlights HR leaders who act as strategic partners to CEOs and boards, influencing company performance, culture, and growth. According to Tony Morales, Co-Chairman of N2Growth, today’s top CHROs play a critical role in shaping organizational strategy while fostering a positive workplace environment.

Also Read: Reliance announces 1-GW AI data centre in Andhra

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Corporate

Reliance announces 1-GW AI data centre in Andhra

Reliance Industries Ltd (RIL) has signed an MoU with the Andhra Pradesh government to build a 1-gigawatt AI data centre in Visakhapatnam. The agreement was finalised during the CII Partnership Summit 2025, attended by Chief Minister N. Chandrababu Naidu and senior Reliance leaders.

The upcoming facility will be a modular, high-performance data centre designed to handle next-generation AI workloads. It will support advanced processors such as GPUs, TPUs and specialised AI chips. The company said this centre will act as a “twin” to its gigawatt-scale AI hub in Jamnagar, Gujarat, creating a strong national network for AI computing.

To ensure sustainable power supply, Reliance will also set up a 6 GWp solar power plant in Andhra Pradesh. This will help meet the heavy energy needs of the AI facility while supporting the state’s push for renewable energy.

In addition to the data centre, RIL plans to develop a fully automated greenfield food park in Kurnool, spread across 170 acres. The park will manufacture beverages, packaged water, snacks and various food products. The project is expected to generate thousands of jobs and boost local supply chains.

Reliance said the new investments reflect its commitment to supporting Andhra Pradesh’s economic growth. The company has already invested over $25 billion in the state across its energy, retail and digital businesses.

Chief Minister Naidu welcomed the announcement, saying the projects will help position Andhra Pradesh as a hub for AI innovation, renewable energy and advanced manufacturing.

Also Read: Google to invest $40 billion in Texas

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Corporate

Sensex Falls 150 pts, Nifty Below 25,750, Hitachi Up, Reliance Down

The Indian equity market closed largely unchanged on Monday as investors paused after the Sensex and Nifty capped their strongest monthly rally in seven months. Mild profit-booking following October’s surge was countered by selective buying in stocks buoyed by robust earnings, helping indices hold steady.

The S&P BSE Sensex inched up 39.78 points, or 0.05%, to close at 83,978.49, while the NSE Nifty 50 gained 41.25 points, or 0.16%, to end at 25,763.35.

Across global markets, cues were mixed. S&P 500 futures slipped 0.4% as of midday Tokyo time, while Japan’s Topix advanced 0.4%. Australia’s S&P/ASX 200 declined 0.9%, Hong Kong’s Hang Seng rose 0.2%, and the Shanghai Composite edged down 0.1%. Euro Stoxx 50 futures were also marginally lower at 0.2%.

At the domestic market opening, top gainers included 3AM India, Hitachi Energy, TBO Tech, City Union Bank, and RR Kabel. On the downside, Reliance Power, Affle (India), Power Grid Corporation, Hero MotoCorp, and Gland Pharma were among the top losers.

Also Read: Sensex, Nifty Hold Steady, Realty, PSU Banks Lead

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Corporate

ED Seizes ₹3,000 Crore Reliance Group Assets

The Enforcement Directorate (ED) has attached assets worth over ₹3,000 crore belonging to the Anil Ambani-led Reliance Group, escalating its investigation into alleged money-laundering and diversion of bank funds.

The action covers more than 40 properties across Mumbai, Delhi, Noida, Pune, Hyderabad, Chennai, and Thane. The list includes commercial assets, land parcels, and Ambani’s Pali Hill residence in Mumbai.

According to the agency, the attachment follows a probe into Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL). Both firms reportedly received loans of over ₹5,000 crore from Yes Bank between 2017 and 2019, a large portion of which was allegedly routed through shell or connected entities in the form of “round-tripping.”

Investigators say several loans were sanctioned and disbursed on the same day, often without proper documentation or collateral. Many recipient firms were financially weak or inactive, indicating possible misrepresentation and internal control lapses.

The ED has also extended its investigation to Reliance Communications Ltd (RCOM) and related companies, citing suspected fund diversion of about ₹13,000 crore. Some of these funds were allegedly moved through fixed deposits and mutual funds before returning to group-linked entities.

Officials said proceeds from the attached assets will help recover public money lost through these transactions. More attachment orders are expected as the money trail is traced.

Also Read: Gold at ₹1.21 Lakh, Silver at ₹1.49 Lakh as Dollar Weakens