Billionaire industrialist Anil Ambani on Monday said business leaders from India and China should enhance Rupee-RMB-Dollar trade for furthering co-operation between the two nations.
A division bench of Justices J N Patel and K K Tated said that the new agreement should be as per the memorandum of understanding between the Ambani brothers Mukesh and Anil. The MoU stipulates that RIL would supply 28 mmscmd of gas to RNRL for 17 years at the rate of $2.43 per million British Thermal Units.
Superstar Hollwyood director Steven Spielberg and Anil Ambani are about to sign a deal that will see the ADA Group bankroll Spielberg's DreamWorks SKG with between $500 million to $600 million, The Wall Street Journal reported on Wednesday.
Ambani termed COAI's appeal to the telecom tribunal against the government granting RCom dual-use technology (CDMA and GSM) as "unnecessary and unwarranted". RCom, the country's largest provider of CDMA mobile services, recently received permission to start GSM services under its existing licence for which it paid a fee of Rs 1,651 crore (Rs 16.51 billion).
Anil Ambani group firm Reliance Big Entertainment on Sunday made its foray into Hollywood, with the announcement of development deals with celebrities including Angelina Jolie, Julia Roberts, Brad Pitt and Nicolas Cage. Reliance Big Entertainment, the media and entertainment company of the Reliance ADA Group, said that it will provide development funds to eight Hollywood production houses. sources said the investment would be in the range of US$ 500 million to US$ one billion
Reliance group chairman Anil Ambani on Thursday appeared before the Enforcement Directorate in Mumbai in connection with a money-laundering probe against Yes Bank promoter Rana Kapoor and others, officials said. The agency is expected to record the statement of Ambani under the Prevention of Money Laundering Act. The 60-year-old businessman arrived at the ED office in Ballard Estate around 9.30 am.
Reliance Power has complained to Sebi of sabotage threats, ahead of its much-awaited IPO. Mukesh Ambani-led Reliance Industries named amongst the key suspects.
The FIR was lodged by the Lucknow Gurudwara Prabandhak Committee after an emergent meeting held in Lucknow on Monday, official sources said on Tuesday.
Anil Ambani-group run Reliance Technology Ventures Limited (RTVL), on Tuesday said that it has invested in the Seattle-based, early-stage company, Pelago Inc.RTVL, however, did not disclose the amount invested in the US company. RTVL is the corporate venture capital arm of the Reliance ADA Group and a wholly-owned subsidiary of Reliance Capital.
Tribunal has stopped any construction work at the site and stayed the government's order to convert 500 acres for industrial purpose till further orders.
An attempt to unravel the method in Anil Ambani's madness as he hopes to build leadership in entertainment.
CBI on Monday submitted a list of five witnesses, including Anil Ambani, who are scheduled to be called for recording of their statements before the court.
Sure, while Mumbai's tinsel town has made some attempts to break in (Aamir Khan's Lagaan made it to the 2002 Oscar nomination for foreign films), few Indians have managed to enter this exclusive club. Not anymore. The efforts of the threesome have finally paid off and the Anil Dhirubhai Ambani Group (ADAG) is set to put its imprint on Hollywood.
The banking entity of the group could be called Reliance Bank, Ambani told the shareholders of Reliance Capital.
The apex court said Ambani and the others will have to purge contempt by paying Rs 453 crore to Ericsson in four weeks. A bench comprising Justices R F Nariman and Vineet Saran said if the 'contemnors' failed to make the payments within the specified period, they will undergo a jail term of three months.
Supreme Court had asked the government to issue RCom a NoC for spectrum sale to Reliance Jio Infocomm by December 9 if it furnishes a corporate guarantee of Rs 1,400 crore
Virtually turning down the request of Reliance Group company IPCL for reconsidering his resignation as vice chairman and director, Anil Ambani, engaged in a war of attrition with elder brother Mukesh, on Saturday sought resolution of issues, includin
Reliance was the highest bidder at Rs 63 cr for the 5 airports project.
The Securities Appellate Tribunal has stayed the order of market regulator SEBI suspending Anil Ambani Group's brokerage firm, Reliance Shares and Stock Broking Private Ltd for violation of norms.
The Anil Ambani group on Friday said that it has identified the stockbrokers behind the spread of malicious rumours and 'baseless sensational charges' against it and sought immediate action by the Securities and Exchange Board of India against the perpetrators.
Leading global advertising and marketing communications services company, Omnicom Group Inc, said on Monday that it has reached an agreement with Anil Ambani-led ADAG to buy a 51 per cent stake in the latter's ad agency, Mudra.
The Anil Ambani Group has acquired additional one per cent stake in media house, TV Today Network to increase its holding to nearly 12 per cent in a transaction worth around Rs 7.8 crore (Rs 78 million).
The CEOs Forum was announced during the visit of Chinese prime minister Wen Jiabao here in December.
The Anil Ambani Group has increased its stake in media house TV Today Network to nearly 12 per cent by acquiring an additional one per cent stake in a deal that could be estimated at about Rs 8 crore (Rs 80 million).
Striving to expand its investment in media companies, the Anil Ambani Group has increased its stake in TV Today Network to over 10 per cent by acquiring an additional 0.96 per cent stake for an estimated Rs 6.50 crore.
The Hinduja Group, Mukesh Ambani, Murugappa, and the Adani groups were the other gainers in the Modi regime, while Naveen Jindal and Sun Pharma groups saw the most erosion in their m-cap in the last five years, reports Krishna Kant.
ADAG, however, issued a statement saying that he visited the CBI as part of his weekly visit to Delhi.
Nearly four months after Anil Ambani tendered his resignation from the board of Reliance group company IPCL in the midst of his feud with brother Mukesh Ambani, the company's website on Friday showed the list of the Board of Directors without the you
Reliance Natural Resources Ltd chairman Anil Ambani is understood to have sought a review of the government's decision, rejecting the sale of natural gas by RIL to it.
Multiple residential units are being developed for housing senior executives of Reliance Anil Dhirubhai Ambani group at a plot in Pali Hill of Bandra.
The Bombay high court on Monday directed the Income Tax department not to take any coercive action against Reliance Group chairman Anil Ambani till November 17 on a show cause notice issued to him seeking to prosecute him under the Black Money Act. The I-T department had issued the notice to Ambani on August 8, 2022 for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts. The department has charged Ambani (63) with "wilful" evasion, saying he "intentionally" did not disclose his foreign bank account details and financial interests to Indian tax authorities.
The dispute between RCom and Chinese banks led by ICBC started after Anil Ambani led company defaulted on its loans to Indian as well as Chinese banks. A British court on May 22 asked Ambani to pay nearly $717 million to three Chinese banks within 21 days.
The Congress chief reiterated that Rs 30,000 crore was "wrongfully" given to Anil Ambani in the purchase of Rafale fighter planes.
Billionaire Anil Ambani on Wednesday called on Prime Minister Manmohan Singh at 7 Race Course Road for close to an hour but refused comments on the purpose of his meeting. The meeting comes within days of the Supreme Court rejecting his group firm Reliance Natural Resources Ltd's plea for cheap gas from Reliance Industries as had been decided in a private family agreement of 2005.
Anil Dhirubhai Ambani Group stocks plummeted on Wednesday after ADAG chairman Anil Ambani reportedly met Telecom Minister Kapil Sibal.
More asset sales may be only way out, though most of the group companies' ratings have been downgraded and their combined market value is now a fraction of their combined debt.
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