With the Supreme Court likely to announce its judgement on the gas price tussle between Ambani brothers next week, the share price of Reliance Industries Ltd has taken a sharp knock while Reliance Natural Resources Ltd witnessed a spike.
Jeff Bezos of Amazon tops the list for the second consecutive year with networth of $147 billion.
Rasha Thadani will be seen in Abhishek Kapoor's movie which co-stars Ajay Devgn's nephew Aaman Devgan.
The broker close to Ambani family, said that one of the biggest reasons for the truce to come about so swiftly was that it opens up new areas -- like financial services, telecommunications, media, among others -- for Mukesh Ambani to enter into. He said that the elder Ambani has ambitions to establish a major bank on the lines of private sector giants like ICICI Bank and HDFC Bank.
Nita Ambani, wife of Reliance Industries Chairman Mukesh Ambani, has been recommended for appointment as a director on the board of the company.
Gautam Adani, who is diversifying into many businesses, saw a 48 per cent rise in his wealth to Rs 1.40 lakh crore and moved up two places in rankings to being the fourth richest Indian. Hinduja Brothers and HCL's Shiv Nadar were ranked 2nd and 3rd. Wipro's Azim Premji slipped two places to fifth place.
Responding to comments sought by the Prime Minister's Office on a letter from industrialist Anil Ambani, the ministry last week wrote that the family MoU was clearly against the provisions of the Production Sharing Contract.
When Aamir Khan parties, he makes sure the entire film industry parties with him!
With 14 buildings spread over 2.2 million sq ft of office space, the Dhirubhai Ambani Knowledge City can accommodate 10,000 people.
Here's a quick at the two cousins, Akash and Anmol.
'Economic benefits of RIL shares held by these four companies have always been for the benefit of RIL's shareholders, and remains so. This fact has been reiterated by RIL a number of times,' the company said.
The Ambani brothers, Tata group, GVK Group, GMR Group and Larsen & Toubro are among the top players bidding for the greenfield Navi Mumbai airport, the second airport project in Mumbai.
B-Town celebs shine at Akash Ambani and Shloka Mehta's wedding reception, which took place in Mumbai on March 10.
Fadnavis's comments in the Maharashtra Assembly led to an uproar in the House, with the Shiv Sena raising the issue of alleged suicide of Dadra and Nagar Haveli Lok Sabha member Mohan Delkar.
Its effort to stave off bankruptcy by selling spectrum to Reliance Jio got scuttled after the long legal and government delays for approvals.
The battle between the Ambani brothers intensified on Wednesday with Anil questioning his elder brother Mukesh on his assertion that ownership issues were settled in the lifetime of their father Dhirubhai.
Multiple residential units are being developed for housing senior executives of Reliance Anil Dhirubhai Ambani group at a plot in Pali Hill of Bandra.
A division bench of Justices Revati Mohite Dere and Gauri Godse quashed the sessions court's 2013 judgment acquitting Sharma, terming it as "perverse" and "unsustainable".
'I am lucky. To be born in that Pataudi house.'
Reliance Energy to approach RIL on its future prospects and reposed full faith in the present management led by Anil Ambani.
On the method of computation of its share value under the new dispensation for the purpose of taxation.
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 vice chairman Anil Ambani has sought a government probe into tapping of his phones by "unscrupulous individuals" working for Reliance Infocomm, headed by his elder brother Mukesh, even as the camps of two brothers are negotiating a settlemen
India's Anil Ambani has emerged as the biggest wealth creator while Warren Buffet is labelled as the richest man. With wealth soaring by $23.8 billion since the last list, Anil has come out as the biggest gainer.
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.
Mukesh Ambani has left 'all settlement issues' to her. A spokesperson said on Saturday night that Mukesh would abide by whatever decision she takes.
Sources close to the development said the group will shortly take a decision on the business, which has seen interest from large houses like the Tatas and the Ambanis.
Close on the heels of Mukesh Ambani's Reliance Industries seeking coal mines to convert coal into oil, younger brother Anil-run Reliance Natural Resources has applied for coal blocks to turn coal into gas. Reliance-Anil Dhirubhai Ambani Group (R-ADAG) president J P Chalasani in a January 14 letter to Coal Secretary H C Gupta sought allocation of "captive coal blocks for the purpose of converting coal to gas."
Both the Ambani brothers use this helipad daily to travel to their offices in Navi Mumbai. It sees 15-20 flights daily.
The anxiety among investors over the outcome of the bitter battle between Mukesh Ambani-led RIL and his younger brother Anil Ambani group on gas came to an end on Friday, with the Supreme Court ruling that the government had the last word.
Half of the nation's 100 richest saw gains rising a collective 14% to $517.5 billion, says Forbes. Forbes released 2020's top 100 richest Indians on Thursday, which included newcomers, Sanjeev Bikhchandani, co-founder of Info Edge (India), who owns popular job and property websites; siblings Nithin and Nikhil Kamath, co-founders of discount stock brokerage Zerodha Broking, and three specialty chemicals producers - Vinod Saraf, founder of Vinati Organics, Arun Bharat Ram, the patriarch of SRF, and brothers Chandrakant and Rajendra Gogri of Aarti Industries. Other newcomers included Delhi-based brothers Ramesh Kumar and Mukand Lal Dua of Relaxo Footwears, which owns affordable footwear brands; dairyman, R G Chandramogan of Hatsun Agro; Premchand Godha, who chairs IPCA Laboratories, manufacturing formulations, bulk drugs and drug intermediates; G Rajendran, founder of jewellery chain, GRT Jewellers.
Those held back from developing their full potential within the broader family setting are able to find full rein when they operate on their own and are answerable primarily to themselves and not to family elders.
The Mukesh Ambani-controlled Reliance Infocomm on Sunday said it had invested over Rs 14,000 crore towards rolling out its information and communication infrastructure, and dismissed allegations of huge bad debt.
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.
Petroleum Ministry has sought help from Law Ministry in resolving the Ambani demerger issue over the production of gas from KG fields.
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