Mukesh Ambani's Jio, high debt and some bad decisions drove RCom to its grave.
Ambani is also the year's biggest gainer, adding USD 9.3 billion to his wealth amid the continuing success of his Reliance Jio broadband telco service.
A look at the party pictures.
The Nifty advanced 21 points to to close at 2,144. Reliance Energy vaulted 11.33% (Rs 67) to Rs 658. Reliance Industries zoomed 4.92% (Rs 30) to Rs 630.\n\n
Top ten billionaires in India.
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.
Sanjay Gadhavi passed away on November 19. His Dhoom stars pay him tribute.
After investors lost over Rs 16,000 crore (Rs 160 billion) in the stock market wealth in a single day on Thursday, the Sensex on Friday staged a smart comeback, jumping 93.29 points closing a shade below the 6750 mark.
Every service provider, say analysts, now needs to make a much larger investment, and therefore needs a much larger share of the market to be profitable.
Forbes said Prime Minister Narendra Modi's "economic experiments" barely affected India's billionaires while none gained more than oil-and-gas tycoon Mukesh Ambani, who cemented his decade-long hold on the top slot by adding a staggering USD 15.3 billion (67 per cent) to his last year's wealth to become one of Asia's top five richest.
If the deal is indeed being considered, this will be the first time that Ambani will be putting his money in a print media venture since he and his younger brother, Anil Ambani, split businesses to form their own groups
Hamish McDonald, whose book on the saga of Reliance was banned in 1998 in India after the corporate house moved court, has come out with the poser in his book -- Mahabharata in Polyester: The Making of World's Richest Brothers and Their Feud -- to be released on September 1 in Australia.
The three companies for sale are Reliance Communications, Reliance Telecom and Reliance Infratel.
The Supreme Court, on Friday, will pronounce its verdict on the nation's most talked corporate battle over gas supply, outcome of which will shape the future of flagship energy firms run by brothers Mukesh and Anil Ambani.
Mukesh Ambani, who runs India's most-valued business empire Reliance Industries group, also saw the highest fluctuation of about $35 billion in his net worth over the past year, even as he trailed his estranged brother Anil as the world's second-biggest wealth creator. Mukesh, however, managed to maintain a slender lead of $1 billion over Anil in terms of net worth, as per a Forbes billionaire list released on Thursday. Forbes has ranked Mukesh as world's 5th richest man.
The pictures may not be out yet, but Kiara Advani and Sidharth Malhotra's wedding is reportedly in full swing.
Here's a look at the gorgeous women the cameras just couldn't get enough of at Manish Malhotra's party.
Heavy selling towards the closing bell saw the Sensex end with a huge loss of a per cent (64 points) at 5,962.
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
India's ace deal-maker explains what allowed him to represent both Dhirubhai Ambani and Nusli Wadia while being on Essar Shipping's board.
Anil Ambani on Wednesday took over as the Chairman of Reliance Communication Ventures Ltd, a day after the Mukesh Ambani Group handed over management control of the demerged companies to the younger sibling.
Anil Ambani's Reliance Power tops the table with 3.46 million shareholders
IT major HCL Technologies' Shiv Nadar has retained his position as the 'most generous Indian' in 2023 as well, with a 76 per cent jump in his donations at Rs 2,042 crore. Wipro's Azim Premji's donations zoomed by 267 per cent to Rs 1,774 crore during the same year, according to the Edelgive Hurun India Philanthropy List 2023 released on Thursday. Richest Indian Mukesh Ambani donated Rs 376 crore in the year, which is an 8 per cent decline.
For the first time after settling their family dispute, brothers Mukesh and Anil Ambani are again competing face-to-face, in a bid for the Rs 7,500-crore, 1,320-Mw thermal power project at Gulbarga in north Karnataka.
It is said he worked towards losing weight in natural and safe ways.
A sharp erosion in his wealth and a long-running sibling rivalry notwithstanding, Indian billionaire Anil Ambani has retained his position in the list of the world's 100 most powerful people, but is down 30 places since last year, while his brother Mukesh has made a total exit.
As many as 14 Indian families have made it to the inaugural list of Forbes' 50 richest families in Asia.
The success of Anil Ambani's ambitious defence plan will depend partly on whether he can persuade government officials and international partners that he can build sophisticated equipment and partly on whether the PM can get India's notoriously slow procurement process to work, say Paritosh Bansal, Sanjeev Miglani and Promit Mukherjee.
Reliance Communications could become a much more formidable opponent.
Glimpses of how the stars interacted at the NMACC opening.
Vishal Kampani said one of the important lessons he learnt from his father was to be humble.
Noel Tata likes to relax at his Alibaug beach home on weekends, but he is equally passionate about driving on the Mumbai-Pune Expressway at a speed of over 100 kilometres per hour.
In the Forbes rich list Mukesh Ambani is ranked 39th.
The National Company Law Tribunal (NCLT) on Monday gave its approval to Jio for the acquisition of Reliance Infratel (RITL). The tribunal asked Jio to deposit Rs 3,720 crore in the State Bank of India (SBI) escrow account to complete the acquisition of RCOM's tower and fibre assets. On November 6, Jio had proposed to deposit Rs 3,720 crore in an escrow account to complete the acquisition of Reliance Infratel which is undergoing an insolvency resolution process.
Flipkart's co-founders Sachin and Binni Bansal made their debut at 86th position with a net worth of $1.3 billion each.
