Birla is believed to have bought the property - a 30,000 square feet plot with a built-up area of 25,000 square feet - for personal use.
The Ambanis are the only Indian family on the top 10 richest families list in Asia.
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Big brands are keen to tie up with IPL for advertising purposes.
Raghavendra Kamath reports on what ails India's real estate sector.
Good pay hikes, positive macroeconomic factors and the taming of inflation have had a positive effect on purchases
T N Ninan lists a few David-Goliath encounters in the Indian markets, all of which make life interesting, though difficult if you are an investor looking for the next multi-bagger.
In an hour-long chat on rediff.com on Thursday, A K Prabhakar, senior VP and Head - Equity Research (Retail), Anand Rathi Financial Services Ltd, answered some important questions on the market.
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
Princess Shivranjani of Jodhpur is breathing new life into dead forts and quietly changing the house of Marwar.
What's it like for two people of the same sex to be in love Mumbai? Anita Aikara/Rediff.com finds out.
"A Meryl Streep or Jimmy Kimmel can speak their mind, and stay assured that they won't be harmed. That does not happen in India," say Manavi Kapur & Ranjita Ganesan.
Key events that rocked India Inc in 2014 and one of them is Vishal Sikka taking over reins at Infosys.
Land aggregators now want to sell to large corporations because their payment is guaranteed.
Our large military requirements make for an enormous buyer's leverage, which the defence ministry fritters away in piecemeal purchases
