Looking to monetise assets not in Reliance Capital's core area of business.
Tech billionaire Elon Musk thanked Telecom Minister Jyotiraditya Scindia for not agreeing with Indian tycoons Mukesh Ambani and Sunil Bharti Mittal on auctioning spectrum for satellite services, saying he is looking forward to serving Indians. Reacting to Scindia's statement that satellite spectrum will not be auctioned, Musk, in a post on X, said, "much appreciated! We will do our best to serve the people of India with Starlink".
Anil Ambani Group company, Reliance Communication Ventures Ltd said on Monday it will raise upto $1 billion through its Sponsored Global Depository Receipts and American Depository Receipts programme.
The Insolvency and Bankruptcy Board of India (IBBI) has lifted the restriction to allow the same insolvency professional for the resolution process of a company as well as its personal guarantor for a better harmonisation and effective coordination of both processes. The changes made to IBBI - Bankruptcy Process for Personal Guarantors to Corporate Debtors, Regulations, 2019 -- came into effect on January 31. IBBI has also amended the provision regarding the meetings of the Committee of Creditors to make them mandatory in insolvency matters about personal guarantors.
Two-days after committing Rs 2,000 crore (Rs 20 billion) into Reliance Capital, Anil Ambani on Tuesday made an open offer to acquire another 20 per cent stake for Rs 1,189 crore (Rs 11.89 billion) at Rs 231 a share, a price considerably lower than th
The new executive director of Reliance Capital has big shoes to fill in every way.
The court, which quashed the emergency powers invoked by the state for land acquisition, also asked the state to invite objections from land owners.
In his third letter in the last one month to Prime Minister Manmohan Singh, Reliance Communications chairman Anil Ambani has lambasted GSM operators.
India's ace deal-maker explains what allowed him to represent both Dhirubhai Ambani and Nusli Wadia while being on Essar Shipping's board.
Tata Power Company has moved the Delhi high court challenging the government's decision to allow Anil Ambani-led Reliance Power to divert coal from the captive mines of Sasan Ultra Mega Power Project for use in other projects.
'No sovereign guarantee, no bank guarantee, no escrow account, yet a huge amount was paid as advance'
Some of the star guests at the wedding.
Reliance Jio to take over mobile business assets of troubled RCom at an estimated value of Rs 24,000-Rs 25,000 crore.
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.
The answer to this million-dollar question may lie behind certain recent developments. Shahid Usman Balwa, Swan Telecom promoter and an accused in the 2G scam case, on May 18
Anil Ambani Group firm Reliance Fuel Resources Ltd has sought government permission to lay a Rs 16,000-crore (Rs 160 billion) pipeline to take natural gas from Reliance Industries-operated field off the Andhra coast to its power plant at Dadri in UP.
Tata Steel and Anil Ambani-led& Reliance Communications raised $1.375 billion through overseas borrowings and convertible bonds in September, according to data released by the Reserve Bank of India. Tata Steel, which early this year acquired Anglo-Dutch firm Corus to become the sixth-largest maker of the alloy, raised $875 million for overseas acquisition through foreign currency convertible bonds.
Is it is necessary to play divisive politics to succeed in the next general elections? asks Dr Sudhir Bisht.
Advani and Dr Joshi might not attend the consecration ceremony due to health and age-related reasons. Advani is 96 and Dr Joshi will turn 90 next month.
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.
These trusts are being registered under a new framework.
The gifts were in a bag that had a striking graphic image of the new temple and of Lord Ram in a very young avatar.
Indian family-run business houses have in recent years seen ugly public spats between owners over control. But metals-to-ports conglomerate Essar's Ruia family seems to be an exception. Three generations of the Ruia family - founder brother Shashi and Ravi Ruia, their children and grandchildren - continue to live under one roof and jointly run the business empire.
The Anmol effect: R-Cap shares jump 40% since junior Ambani joined the board
Anil Kapoor, his wife and daughter, businessman Anil Ambani and his wife Tina, politician Amar Singh were at Mumbai airport to take Sridevi home.
The list of guests included celebrities from across the globe, politicians, the who's who of Hindi and south Indian cinema world and almost all the top cricketers of the country.
Singh asserted that Deshmukh set a staggering collection target of Rs 100 crore for his officers, specifically from Mumbai, while also discussing plans to target key opposition figures, including former Chief Minister Devendra Fadnavis of the Bharatiya Janata Party.
Jeff Bezos of Amazon tops the list for the second consecutive year with networth of $147 billion.
An industry source said Reliance Industries did not have a controlling stake in Yatra.com through its acquisition of Network 18. It was just a financial investment.
Anil Agarwal breaks into big three; Anil Ambani group out of top 10; Essar, Adani lose out to JSW, Shiv Nadar & Motherson Sumi
Stars lit up the evening with their gorgeous avatars on Day 2 of Radhika Merchant and Anant Ambani's pre-wedding celebrations.
This would be done either through strategic sale or initial public offering, ADAG chairman Anil Ambani told shareholders at the company's annual general meeting in Mumbai.
Mukesh Ambani, who took over the reins of Reliance Industries Ltd (RIL) after the sudden demise of his legendary industrialist father Dhirubhai Ambani, completes 20 years at the helm during which the company saw a 17-fold jump in revenues, 20-times surge in profit and has become a global conglomerate.
Reliance's big-bang entry across the solar ecosystem will cut dependence on Chinese imports drastically. And Ambani's repeated emphasis that RIL's new energy foray will be 'a truly global business' points that his group is playing not just for a share of the Indian pie but to be the OEM in the larger 5,000 GW global market by 2030, points out Shailesh Dobhal.
'Allegations of Reliance benefitting by thousands of crores is a figment of imagination, promoted by vested interests'
'The chowkidar took away your money by demonetisation and GST. The keys to the banks were handed over to thieves like Anil Ambani'
A sharp rise in Reliance-Anil Dhirubhai Ambani Group (ADAG) stock prices baffled market players on Tuesday.
As Mumbai's real estate and electric vehicle penetration grows, two of the city's private power distribution companies, Adani Electricity and Tata Power, are eyeing a bigger business pie, particularly betting on high-value customers. Adani Electricity Mumbai (AEML), the subsidiary which houses Adani Energy Solutions' Mumbai distribution business, recorded a six per cent growth in total units sold in the financial year 2023-24 (FY24), the company's presentation shows. This gain came at over 13 per cent growth in the year-ago period.
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