Rasha Thadani will be seen in Abhishek Kapoor's movie which co-stars Ajay Devgn's nephew Aaman Devgan.
The company's debt is around four times its earnings before interest, taxes, depreciation and amortisation, raising concerns among investors as well as stock analysts.
Mukesh Ambani-run Reliance Industries on Saturday moved the Supreme Court challenging the Bombay high court judgement that asked it to supply gas to Anil Ambani Group's firm RNRL at a price of $2.34 per mmbtu.
The CBI in 2006 had registered a case against six top officials, including Manoj Modi, of the company, which has since then been transfered to Anil Ambani as part of family settlement to divide Reliance Empire.
Reliance Infra has sent a letter to Reliance Industries on September 24 informing the of the shutdown of the 220MW power plant in Andhra Pradesh for maintenance to September 28 instead of a day earlier.
'Modi had promised to deposit money in the accounts of people, but he has done it only in the case of some rich businessmen like the Ambanis'
A special court in Mumbai on Wednesday allowed dismissed police officer Sachin Waze's plea to turn an approver in a corruption case involving former Maharashtra home minister Anil Deshmukh.
Anil Ambani Group firm RNRL on Tuesday welcomed the government's move to protect NTPC's interest on sourcing gas from Reliance Industries, saying effective legal steps will defeat the Mukesh Ambani firm's 'malafide attempts to dishonour' its commitment.
Also mandates pursuing other consolidation options.
The RBI on Thursday filed an application for initiation of Corporate Insolvency Resolution Process (CIRP) against debt-ridden Reliance Capital at the Mumbai bench of the National Company Law Tribunal. The Reserve Bank had on November 29 superseded the board of Anil Ambani-promoted Reliance Capital Ltd (RCL) in view of payment defaults and serious governance issues. The central bank had also appointed Nageswar Rao Y (former executive director, Bank of Maharashtra) as the administrator of the company.
The RBI said the board has been superseded "in view of the defaults by RCL in meeting the various payment obligations to its creditors and serious governance concerns which the Board has not been able to address effectively". It has also appointed Nageswar Rao Y (ex-executive director, Bank of Maharashtra) as the administrator of the NBFC.
It's party night for Bollywood!
Reliance Power announced its IPO plans in Mumbai. It is likely to be listed in Feb and aims at raising close to USD three billion.
Former Mumbai police officer Pradeep Sharma has moved the Supreme Court challenging the Bombay high court verdict convicting and sentencing him to life imprisonment in a 2006 fake encounter case.
Mukesh Ambani-led Reliance Industries on Friday said it may sell gas from its KG-D6 fields to RNRL at $4.20 per mmBtu if the government allocates fuel to the Anil Ambani Group firm.
RIL is grappling with other priorities -- sliding oil prices, shrinking refining margins and a battle with the Anil Ambani group over the supply of gas. The plan was to build an integrated pharma company in two to three years, on the lines of large domestic majors such as Ranbaxy's or Dr Reddy's Laboratories. Instead, the plan has been modified to being a start-up bulk drug manufacturing company that will launch six bulk drugs or active pharmaceutical ingredients by 2010.
While everyone from economists and management consulting firms use the promise of a "Young India" as a compelling argument to pit India against an "Ageing China", a study says marketers might be missing the big picture.
As many as five women have made it to Forbes India magazine's list of the 100 richest Indians this year, including O P Jindal Group chairperson Savitri Jindal, who surpassed billionaire Anil Ambani to attain fifth position in the list.
The apex court had sought the response after Anil Ambani-led RNRL had consented to government being made a party in the dispute. RNRL contended that it was entitled to receive the gas at $2.34 per unit from Mukesh Ambani group RIL which had entered into an arrangement for supplying gas to NTPC at that rate.
Move to skirt public offer for S African telco.
An Anil Ambani group company has asked the oil ministry to stop Reliance Industries Ltd from charging marketing margin on gas, alleging that the Mukesh Ambani-led firm was not sharing the revenue and 'diverting' crores (billion) of rupees of the government's share.
In a sharp retort to a notice of gas supply suspension to one of its power plant, Anil Ambani group firm Reliance Infra on Wednesday questioned the legality of Mukesh Ambani-led RIL's warning for not paying an "illegal" marketing margin.
Reliance Group managing director Anil Ambani on Saturday exhorted the aspiring entrepreneurs to take inspiration from his late father Dhirubhai Ambani and pick up the challenge to "make the nation an economic superpower." \n\n
Sonam is expected to be out of hospital by the end of this week.
Ambani-owned Reliance Energy is likely to bid for potential gas bearing blocks on offer under NELP-VI
Mansukh Hiren, who was in possession of the car that was found with explosives outside industrialist Mukesh Ambani's residence, in a letter to Maharashtra Chief Minister and Home Minister had alleged that he was being harassed by police and media. He had also claimed that in spite of being a victim, he was treated as an accused.
With this service, the journey on the 11.4 km Versova-Andheri-Ghatkopar stretch will reduce to 20 minutes
Within 24 hours of the brothers Ambani deciding on a ceasefire, the stock market and Reliance pundits are out with their calculators to figure out the financial implication of ending the non-compete terms five years in advance and the loss that Anil Ambani's Reliance Natural Resources Limited would incur post the Supreme Court verdict.
Now that the Bombay High Court has rejected the Ministry of Petroleum and Natural Gas' (MoPNG) attempts to help Mukesh Ambani's Reliance Industries Limited (RIL) wriggle out of its 2005 contract to supply 28 million metric standard cubic metres per day (mmscmd) of gas to Anil Ambani's Reliance Natural Resources Limited (RNRL), the pressure on it has increased several times over.
Leading industrialist and Rajya Sabha member, Anil Ambani, has disclosed his assets and investments in various companies in a letter to Rajya Sabha Chairman Bhairon Singh Shekhawat.
Asia's richest man, Mukesh Ambani, signed off an address to employees last week by assuring them that 2024 would be better than 2023 for both Reliance Industries and India. Ambani isn't an exception. Promoters and their representatives from several other conglomerates have expressed similar optimism.
The Jio-Bharti battle will not just be limited to mobile telephony but will extend to the fibre to home space too.
Prime Minister Manmohan Singh is likely to discuss the impact of global demand contraction on Indian economy with industry leaders in New Delhi on Saturday, ahead of the G-20 summit in London next week.
The Ambani brothers -- Mukesh and Anil -- came together for the inauguration of a memorial for the legendary industrialist and founder of Reliance Group Dhirubhai Ambani in Chorwad town in Junagarh district on Wednesday, in the presence of the entire family.
RIL board, headed by Mukesh Ambani, on Saturday approved a demerger plan as part of separation of group companies Reliance Energy and Reliance Capital to create a separate entity for younger sibling Anil Ambani.
Deshmukh denied the allegations raised against him by Singh during questioning and told the officers that they were an attempt to malign the image of the state government, sources said.
To launch in BIG Cinemas in India, abroad. Brother Mukesh Ambani might be the king of retail, but Anil Ambani's ADAG is getting ready to make its presence felt in branded food products
Ang Lee's Life of Pi and Steven Spileberg's Lincoln, produced by Anil Ambani's Reliance-Dreamworks emerge as frontrunners in Oscar 2013 race.
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