RIL, owned by elder brother Mukesh Ambani, had acquired the Mumbai team last month for $111.9 million (about Rs 448 crore) for 10 years. Anil Ambani chose to stay away from the bids for the eight teams last month.
Mukesh or Anil, who will have the upper hand in the battle for major share of Mumbai makeover pie will be known later on Wednesday.
Reliance Industries chairman Mukesh Ambani will appeal against the fine imposed by market regulator SEBI over alleged irregularities in a two-decade-old share issue in the company, the firm said on Thursday. Reliance Industries Ltd (RIL) had issued debentures with convertible warrants in 1994 and allotted equity shares against the warrants in 2000. This was when Dhirubhai Ambani was heading the undivided company.
Welcoming the Ambani brothers' agreement to smoke the peace pipe by terminating the non-compete agreements between them, market analysts termed the development as a harbinger of good times for both RIL and ADAG companies and their shareholders.
The government on Wednesday asserted in the Supreme Court that any suitable arrangement between the Ambani brothers for the supply of gas from K G Basin has to be approved by it keeping the national interest paramount.
Reliance Industries Ltd on Friday rejected as "false" and "malicious" a news report on some Telugu TV channels alleging it may have had a hand in the helicopter crash that killed former Andhra Pradesh Chief Minister Y S Rajasekhara Reddy.
Government says the ongoing dispute and litigation between Ambani brothers will have no impact on the bidding.
Market regulator Securities and Exchange Board of India on Saturday maintained a strict silence over the settlement reached between the Ambani brothers over the ownership issues of Reliance empire, ending perhaps the longest and fiercest battle in co
In a new twist to the ongoing battle between the Ambani brothers, younger sibling Anil Ambani on Tuesday questioned the role of Nikhil Meswani
Forbes said this year's 1,226 billionaires are a record high, up one per cent from last year's total.
Captains of the industry, including Adi Godrej and Anil Ambani, were among the early birds from India Inc to cast their votes in the financial capital.
Scores of activists of Arvind Kejriwal's India Against Corruption were on Saturday briefly detained by the police while staging a protest outside the family home of the Ambani brothers in Mumbai to demand a probe into alleged parking of black money by them in a Swiss bank.
Share buyback has been the buzzword for many companies in the past year. Over 20 companies, including market movers like Reliance Industries, have announced their plans to buy back shares. Many would be also tempted to participate in these, especially if the price announced is higher than the existing market price.
The Ambani brothers -- Mukesh and Anil -- came together for the inauguration of a memorial for the legendary industrialist and founder of Reliance Group Dhirubhai Ambani in Chorwad town in Junagarh district on Wednesday, in the presence of the entire family.
As the wrangle over the energy deal continues between Ambani brothers, younger brother Anil Ambani has opted to go on a religious tour of South India.
Rohatgi was in June, 2014 appointed as the country's chief law officer for a fixed three-year term.
Both the Ambani brothers use this helipad daily to travel to their offices in Navi Mumbai. It sees 15-20 flights daily.
According to sources in the know, Anil Ambani-led RCom will be providing all infrastructure - towers, fibre, backhaul as well as its national and international long distance facilities-- to RIL's high-speed broadband services.
Total number of billionaires, this year, has increased to a record 1,210 from 1,011 last year. Though America has the 33 per cent of the mega-rich, Asia-Pacific region has surged forward and overtook Europe for the first time.
Sets up joint venture with D E Shaw.
Security was tightened at the various facilities of Anil Ambani-owned Anil Dhirubhai Ambani Group in Andhra Pradesh after mobs attacked the group's offices in five districts of the state on Thursday.
Claiming that the northern state was a safer zone for industries, which did not discriminate in the name of caste or religion, and had, in fact, registered a growth rate of 9.9 per cent during 2009-10, the state chief minister called for greater participation of private players.
India Inc's love affair with the health care business has just begun to blossom.
Following the patch-up between the Ambani brothers last month, the annual general meeting of elder brother Mukesh-chaired Reliance Industries witnessed heightened excitement among shareholders.
Also mandates pursuing other consolidation options.
From a technocrat turned fraudster Ramalinga Raju's confession to the snub-nosed Nano, 2009 offered some forgettable and many memorable moments in business.
One of the country's biggest corporate court battles, between Ambani brothers Mukesh and Anil, had a celebrity spectator -- King of Bollywood Shah Rukh Khan.
In a free-wheeling interview with Jyoti Mukul, Sibal makes a case for his innocence and blames the media campaign by the Anil Ambani group for the current controversy.
The gas dispute between the Ambani brothers is hurting global investors' confidence in India, says an industry report, urging the government to set priorities for the usage of gas and the pricing to prevail.
The government advised the warring Ambani brothers several times that they should stop fighting, but failed to bring about a reconciliation, Petroleum Minister Murli Deora said on Wednesday.
The danger of a corporate capture of government isn't imaginary, and corporations represent narrow profit-seeking interests of businessmen whose forte is not Constitutional values, says Praful Bidwai.
Cutting across party lines, MPs in Rajya Sabha expressed deep concern over the dispute and said the private contractor should not be allowed to enter into a memorandum of understanding for distribution of gas from a national asset.
Acting finance minister Pranab Mukherjee, in a written reply, said Mukesh Ambani-led Reliance Petroleum Ltd was one of the 19 companies against which complaints of insider trading were received by market regulator Securities and Exchange Board of India.
Welcoming the truce between the Ambani brothers Mukesh and Anil, Finance Minister Pranab Mukherjee on Monday said it would do a lot of good to the business world.
The apex court had sought the response after Anil Ambani-led RNRL had consented to government being made a party in the dispute. RNRL contended that it was entitled to receive the gas at $2.34 per unit from Mukesh Ambani group RIL which had entered into an arrangement for supplying gas to NTPC at that rate.
The government on Tuesday opened its arguments in the high-voltage gas row between the Ambani brothers in the Supreme Court asserting that any understanding reached between them was not binding on it as gas was not their "private property".
A new Bench will be constituted on Thursday to hear the high-voltage case between Mukesh Amabani's RIL and Anil Ambani's RNRL relating to pricing of gas from K G Basin.
During hearing of the dispute over supply of gas by RIL to RNRL at $2.34 per mmBtu, the bench headed by chief justice K G Balakrishnan said the two parties could arrive at a 'suitable arrangement' through arbitration, as the Bombay high court that approved the Reliance empire's demerger cannot spell what is the ideal arrangement.
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