Corporate giant Tatas on Tuesday asked the government to seek surrender of excess spectrum lying with GSM operators, a line being aggressively pursued by Reliance Communications chief Anil Ambani. With this, the top two CDMA players have joined forces against GSM operators like Bharti and Vodafone to seek return of spectrum beyond the contractual amount of 6.2 Mhz.
Anil Ambani group company Reliance Communications Infrastructure Ltd has moved the Supreme Court seeking to recover more than Rs 58 crore (Rs 580 million) of outstanding loan from a Mukesh Ambani group firm.
The film folk turned out in traditional outfits for the pran pratishtha at the temple.
The 'turbulent situation' at Newcastle United has forced Reliance Communications to shift focus to English Premier League side Everton, media reports said in London on Sunday.
The letter demands a full discussion on the shareholding in Reliance Infocomm at the December 27 meeting.
Government's counsel Mohan Parasaran has said he was left out of the details of a special leave petition filed by petroleum ministry in Supreme Court seeking annulment of a family MoU between Mukesh and Anil Ambani group firms on gas supply.
CBI prosecutor K K Goel opposed the application saying it was "dragging the trial" and noted that Anil Ambani too had filed a similar plea earlier.
In the last two years, there have been at least three instances of the government actively stepping in on Mukesh Ambani's side.
Two years after Mukesh and Anil Ambani separated, many who have associated with the family still find it difficult to believe the fact.
Mukesh and Anil Ambani, known for their bitter battle ever since they parted ways in 2005, will once again come together under the same roof tomorrow on the occasion of the 75th birthday of mother Kokilaben, triggering a speculation of a possible rapprochement between the two.
Anil Ambani group firm RNRL on Friday asked the Supreme Court to dismiss the government's petition on the Ambani gas dispute, saying it had no locus standi to seek any orders and it at best could only make submissions.
Announcing that he would take up the issue with the telecom ministry, he demanded a probe by market regulator Securities and Exchange Board of India into the hammering of Reliance Communications scrip in the last few days.
Read the full text of the Supreme Court ruling in the Krishna Godavari Basin gas dispute between Mukesh Ambani-led Reliance Industries Ltd and Anil Ambani's Reliance Natural Resources Ltd.
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.
Reliance Group Chairman Mukesh Ambani has admitted to differences with his brother Anil over 'ownership issues,' but said "they are in the private domain."
For every Rs 5 lost by the Ambanis in the past one year, approximately Rs 4 have been eroded from the coffers of their public investors also on an average, according to an analysis.
The Anil Ambani group asked on Wednesday market regulator Securities and Exchange Board of India to probe a "disinformation campaign" launched by some "vested interests" against the planned Reliance Power IPO, estimated to raise up to Rs 12,000 crore (Rs 120 billion). "A formal complaint has been filed with Sebi to investigate the disinformation campaign launched against Reliance Power IPO," a Reliance ADA group spokesperson said in a statement.
The Anil Ambami controlled-ADA Enterprises on Friday announced the appointment of Gautam Doshi, a leading chartered accountant, as group president and key member of the leadership team.
The company has executed financing agreements for the imported coal fired project, the largest in South India.
Anil Ambani's $1.5 billion joint venture with celebrated film maker Steven Spielberg to set up a film studio in Hollywood will be operational in January next year.
Ambani announced his 'personal contribution' of Rs 1 crore as a Member of Parliament
Investigations into the death of Air Works technician Bharat Borge, who found pebbles in Anil Ambani's chopper, is likely to be closed soon in the absence of any evidence to suggest that he committed suicide. Two persons, both Air Works employees, were arrested for planting the pebbles.
Punjab government has approved Anil Ambani Group's Rs 5,000-crore (Rs 50 billion) multi-product special economic zone in the state.
RIL is relying upon the pleadings in RIL Vs RNRL case to support its defence against NTPC.
Besides seeking damages worth Rs 10,000 crore (Rs 100 billion), Anil Ambani has demanded an apology from elder brother Mukesh and others named by him in a defamation suit filed in the Bombay high court.
Finance Minister Pranab Mukherjee on Wednesday hoped that Mukesh and Anil Ambani would be able to sort out their differences amicably for the Indian market's sake, but said no one can say what would happen.
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.
The calculation excludes cross-holding of listed group cos in each other.
Besides Sunil Mittal (Bharti Airtel) and Anil Ambani (Reliance Communications), Sarma has written to Sanjeev Aga of Idea, Anil Sardana of TTSL, Marten Pieters of Vodafone, Kuldip Singh of Mahanagar Telephone Nigam Limited and Kuldeep Goyal of Bharat Sanchar Nigam Limited.
The proposed takeover of Cairn Energy's India business could see Non-Resident Indian billionaire Anil Agarwal emerging as the richest promoter of a corporate house in India ahead of Mukesh Ambani, who has ruled the list for long.
Anil Ambani-controlled Reliance Natural Resources Ltd and Reliance Communication Ventures Ltd on Friday said they have got shareholders'
As is common practice of key parties associated with high-profile M&A deals being referred to by code names, this time around, Reliance has reportedly become 'Rome', MTN is 'Madrid' and Ambani is 'Apollo'.
Reliance Natural Resources Ltd has questioned oil ministry's right to approve the price at which a producer sells gas to customers, saying its nod was needed only for the formula or basis of pricing of gas for computing government's share.
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