The battle-lines are drawn. Both titans are flexing their muscles.
The Ambani brothers on Saturday reached a settlement to split between themselves, assets of India's largest private sector conglomerate, with over Rs 97,000 crore (Rs 970 billion) in revenues, founded by their late father Dhirubhai.
Anil Ambani is eyeing the fast-growing GSM-based service with massive expansion plans in eight circles at an estimated investment of Rs 1,600 crore (Rs 16 billion).
Anil Dhirubhai Ambani group firm Reliance Mutual Fund retains its position as the country's largest fund house having assets of over Rs 48,000 crore (Rs 480 billion).
The Reliance Anil Dhirubhai Ambani group (R-ADAG) company has offered to buy the shares at Rs 130.50 (approximately Rs 150 crore in all), a 7 per cent discount on today's market price of Rs 140.20
\nRIL had earlier proposed investment of $2.47 billion to produce 40 mmscmd for 7.5 years from discoveries -- Dhirubhai 1 and 3 (in the D6 block) -- out of a total 34 wells.
It is yet to be decided whether the Rs 2,356 crore (Rs 23.56 billion) Phase One of the project is eligible for VGF or not, a key Finance Ministry official told PTI. \n
Becoming a crorepati is not that difficult. You can do it by investing a mere Rs 833 per month.
The Dhirubhai Ambani Institute of Information and Communication Technology invites applications for its B Tech programme.
Music composer Aadesh Shrivastava who was battling cancer passed away post midnight on Friday. He was 51.
Reliance Wind Energy, a subsidiary of Reliance Energy, on Monday said it has signed an agreement with Suzlon Energy for setting up a 150 MW wind power project, in which the Anil Dhirubhai Ambani group firm would invest Rs 900 crore (Rs 9 billion).
Big 92.7 FM, which plans to reach 45 cities, 1,000 towns and 50,000 villages, will see the group making an investment of Rs 400 crore (Rs 4 billion) towards transmission equipment, infrastructure and licencing.
The Dhirubhai Ambani Institute of Information and Communication Technology invites applications for admissions to its four-year B Tech programme in Information and Communication Technology.
In Mumbai, Reliance Health Venture has already acquired the Mandke hospital, which will be converted into a 650-bed super specialty hospital with six divisions.
Who do you think is -- or has been -- India's greatest entrepreneur?
Reliance Energy Limited started work at the project site of 7,480 MW gas-fired Dadri power plant in Uttar Pradesh on Thursday.\n
Continuing its attack on the Anil Dhirubhai Ambani Group, the Mukesh Ambani camp on Tuesday alleged that shares of their group worth nearly Rs 535 crore (Rs 5.35 billion) were transferred "fraudulently" -- a charge denied by ADAG stoutly.
Petroleum ministry has rejected Reliance Industries Limited's plan to sell natural gas to Anil Ambani Group firm Reliance Natural Resources Ltd at less than half the market price.
Reliance Anil Dhirubhai Ambani Group on Friday unveiled a grand spending plan of over Rs 60,000 crore (Rs 600 billion) in Orissa, which included an investment blueprint for the world's largest pithead thermal power plant.
Evoking extremely good response from investors, Reliance Industries on Wednesday closed at Rs 715.50 a share
Ambani to up ante by $3 bn on Ruia's hint at larger premium.
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