Adani group opened a $1.2 billion copper plant, bought a port in Odisha, raised stakes in a cement company and stitched an alliance with rival Mukesh Ambani's Reliance Industries, all in a matter of one week in signs that the apples-to-airport conglomerate has shrugged off the Hindenburg effect and is back to rapid expansion spree. In the last one week, Adani group has through regulatory filings and press statements announced expansions and investments in its mainstay ports business, diversification into metal refining, fund infusion into a two-year-old cement foray and continuing progress in the commissioning of its mega solar project.
The guests have started coming in.
Saina Nehwal is having a ball at the pre-wedding celebrations of Anant Ambani and Radhika Merchant in Jamnagar on Friday.
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 queries, sent in November, were mainly about Capital Investment Trust, which the I-T department said, was used for the purpose of transferring foreign funds comprising global depository receipts (GDRs) of the value of $400 million to two Indian entities - Reliance Utilities & Power (RUPL) and Reliance Port & Terminal (RPTL), owned by the Ambani family. A show-cause notice issued on March 29 to Ambani's wife Nita, and their three children.
Hiran's body was found in a creek in Thane district on March 5.
Reliance Industries will by 2030 create or enable capacity to generate at least 100 gigawatts of electricity from renewable sources, which can be converted into carbon-free green hydrogen, its chairman Mukesh Ambani said Friday as he outlined a 1-1-1 vision to bring down the cost of hydrogen to under $1 per 1 kg in 1 decade. The focus on generating electricity from renewable sources of energy such as solar and wind -will help cut carbon emissions in the world's third-largest greenhouse gas emitter. The same electricity, when converted into green hydrogen, can replace petrol and diesel in automobiles and other fuels in the industry, helping cut down on the use of fossil fuels, carbon emissions and reduce import dependence.
Swami Avimukteshwaranand Saraswati, the Shankaracharya of the Jyotish Peeth in Uttarakhand, who turned down the invitation to the Ram temple consecration ceremony in Ayodhya, on Monday said Shiv Sena-Uddhav Balasaheb Thackeray leader Uddhav Thackeray is a victim of betrayal.
Shraddha Kapoor recently confirmed her relationship status when she posted her thoughts about Rahul Mody.
According to insiders, the induction of Jai Anshul would coincide with the birthday of the late patriarch of Reliance group, Dhirubhai Ambani, in the last week of December.
Despite their business rivalry, Gautam Adani did attend the big pre-wedding event in Jamnagar hosted by Mukesh Ambani over the weekend.
Sonam Kapoor and Isha Ambani partnered up for a fund-raiser recently. A star-studded event, the guests looked very glamorous as they sashayed in in their designer wear.
'When honest, wealthy people come forward to serve India, people should feel proud and welcome them.'
In a video shared by Deora, former Union minister, on his Twitter page, Ambani says "Milind is the man for South Mumbai", while Kotak eulogises the Mumbai Congress chief for "truly representing the Mumbai connection".
The CCI has asked the companies to explain within 30 days why an investigation should not be ordered.
Bhaker was composure personified while Singh played an ideal foil as the pair won the 10m air pistol mixed team bronze defeating South Korea to script history at the Olympics on Tuesday.
Aditya Roy Kapur holds Ananya Panday close for the first time for the cameras, and Ranbir Kapoor gives them the thumbs up.
While the to-be bride looked resplendent in pink, her mother wowed in a vermillion silk lehenga.
Pandya recounted the beginning of his Indian Premier League (IPL) journey in 2015 when Mumbai Indians secured him for a modest Rs 10 lakh
Dhirubhai may or may not have owned the government; it would seem his son wants to own the market, notes T N Ninan.
Two days after a vehicle with explosives was found near the residence of industrialist Mukesh Ambani in Mumbai, police are looking for the other car which had been seen at the spot, an official said on Saturday.
Fan-favourite and team skipper MS Dhoni's arrival is yet to be confirmed.
The Ambanis are the only Indian family on the top 10 richest families list in Asia.
Neena Gupta celebrates her birthday...Urvashi Rautela jets off to NYC... Mona Singh is delighted with her award...
The vehicle with explosives found near industrialist Mukesh Ambani's residence in south Mumbai had been stolen last week, and a letter found inside said this was only a 'glimpse' of things to come, police said on Friday.
Vipul Ambani, a runner who participated in city marathons, never wore his last name on his sleeve, was easy-going, mild-mannered and always smiling. Yet, the question that begs to be asked is why would he join a luxury jewellery company, says Pavan Lall.
Insurance sector regulator IRDAI has given conditional approval to Hinduja Group firm IndusInd International Holdings Ltd (IIHL) for the takeover of debt-ridden Reliance Capital. "We are happy to acknowledge the receipt of approval from IRDAI yesterday (May 10, 2024) on the auspicious occasion of Akshay Tritiya. "The approval is subject to certain 'regulatory, statutory, and judicial' clearances/compliances," an IIHL spokesperson said in a statement.
NCLAT chairman Justice S J Mukhopadhaya dismissed the pleas against Ambani and officials after observing that consent terms agreed upon between RCom and minority shareholders for payment of dues cannot be a ground for initiation of contempt proceedings.
Rediff reader Khan Imran Ahmed writes about the book that inspired him the most.
The annual day function at Dhirubhai Ambani International School in Mumbai turned out to be a star-studded event, as film folk stepped out to applaud the superstars in their own homes.
The constituency of Mumbai South, home to industrialists as well as high-ranking government officials, fared the worst with 47.7 percent voting.
Dhoni and his wife Sakshi joined forces with CSK bowling maestro Dwayne Bravo for an energetic round of Dandiya.
It is the first time Italian design house Maison Valentino created a lehenga.
Mahendra Singh Dhoni and wife Sakshi Singh stole the show in their matching all-black outfit.
Oil-to-telecom conglomerate Reliance Industries (RIL) has emerged as the country's largest wealth creator, adding a staggering Rs 9.6 trillion over the past five years, according to Motilal Oswal's 26th Annual Wealth Creation Study. In doing so, the Mukesh Ambani-led company has beaten its own record of Rs 5.6 trillion generated in 2014-19. The study covered financial year 2015-16 (FY16) to FY21 and ranks the top 100 companies in descending order of absolute wealth created, subject to the company's stock price outperforming the BSE Sensex. The firms were also ranked according to speed (price CAGR during the period).
Bollywood kept its date with the Ambanis when folks arrived at the launch of Isha Ambani's Jio World Plaza, Mumbai's latest retail destination.
While RCom owes Indian banks close to Rs 45,000 crore, Ambani has lost close to $408 million of personal wealth year-to-date until Tuesday.
Holi celebrations started early, as Isha Ambani, together with Bvlgari, hosted a party for filmi folk in Mumbai.
Resignations of Anil Ambani and four other directors were conveyed to the CoC of RCom in its meeting on November 20 and were unanimously rejected.
