Reliance Industries is facing penalty for falling gas output from its KG-D6 fields.
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.
In a video shared by Deora, former Union minister, on his Twitter page, Ambani says "Milind is the man for South Mumbai", while Kotak eulogises the Mumbai Congress chief for "truly representing the Mumbai connection".
He says he has tremendous expectations from RIL's broadband digital services business.
Mukesh Ambani's Reliance Industries Ltd may be one of the biggest producers of natural gas in the country, but its power foray is likely to be coal or renewable energy based. The company is planning to not only bid for ultra mega power projects but also go in for acquisition of the power plants, said industry sources.
It was difficult to set up a unified zone on the SEZ land.
This was announced by Commerce and Industry Minister Kamal Nath at the conclusion of the 2nd meeting of India-Russia Forum on Trade and Investment, coinciding with the visit of Russian Prime Minister Victor A Zubkov in New Delhi on Wednesday.
Reliance Industries Ltd, whose offering of rock-bottom tariffs shook up the telecom industry, is looking to repeat the feat in the green energy business, where its billionaire chairman Mukesh Ambani sees promise to outshine all existing growth engines in 5-7 years. Having pledged Rs 6 lakh crore on green energy, Ambani says RIL will scale up investments in this business which will start going live in the next 12 months. "Over the next 12 months our investments across the Green Energy value chain will gradually start going live, scaling up over the next couple of years," Ambani, chairman and managing director of RIL, said in the company's latest annual report.
Reliance Industries chairman Mukesh Ambani will deliver a special address at the first-ever, high-level investment conference on Maharashtra to beheld in New York this month.
Women, leadership and serious style were the Valentine's Day theme at the NMACC in Mumbai as Isha Ambani hosted Queen Rania of Joran for a special roundtable on 'Celebration of Women Leadership in India.'
Perceived closeness to politicians could become a liability for some business groups once a new government assumes office at the Centre later this month.
Revenue at Reliance Retail rose 34 per cent to Rs 14,496 crore (Rs 144.96 billion) in 2013-14 from a year earlier.
A look at the party pictures.
Oil-to-telecom conglomerate Reliance Industries (RIL) has emerged as the country's largest wealth creator, adding a staggering Rs 9.6 trillion over the past five years, according to Motilal Oswal's 26th Annual Wealth Creation Study. In doing so, the Mukesh Ambani-led company has beaten its own record of Rs 5.6 trillion generated in 2014-19. The study covered financial year 2015-16 (FY16) to FY21 and ranks the top 100 companies in descending order of absolute wealth created, subject to the company's stock price outperforming the BSE Sensex. The firms were also ranked according to speed (price CAGR during the period).
Reliance Industries and Rolls-Royce on Friday said they intend to jointly develop a sovereign combat engine for the Advanced Medium Combat Aircraft (AMCA) programme, marking a bid by India's largest private-sector company and Britain's storied aero-engine maker to build indigenous fighter-jet propulsion capability in the country.
Reliance Industries and Rolls-Royce on Friday said they intend to jointly develop a sovereign combat engine for the Advanced Medium Combat Aircraft (AMCA) programme, marking a bid by India's largest private-sector company and Britain's storied aero-engine maker to build indigenous fighter-jet propulsion capability in the country.
Undaunted by criticism by a Parliamentary panel, the government cleared 28 fresh special economic zone proposals on Thursday, including the Navi Mumbai promoted by Reliance Industries Chairman Mukesh Ambani.
Reliance Industries Chairman Mukesh Ambani retains the title of India's richest man with personal assets of $18.9 billion.
'Everyone has a surname, and I think everyone has an equal responsibility to live up to that name.'
In a curious move, Reliance Industries' (RIL) executive director and Mukesh Ambani's trusted aide PMS Prasad pledged 600,000 shares of the company last month, which is 93.75 per cent of the total shares he owns in RIL. Prasad owned a total of 640,000 RIL shares and his compensation stood at Rs 11.15 crore in FY20.
'Giving up is very easy. But don't give up. Try out whatever you can. Something will happen.'
Industrialist Mukesh Ambani remains India's richest person with a sharp surge of 30 per cent in his net worth to $26 billion.
"There are five Indian and six foreign companies which have submitted expression of interest (EoI) for buying stake in the gas transportation company (RGTIL)," a source privy to the development said.
An inquiry is on into the land dispute regarding Mukesh Ambani's Antilla skyscraper.
This is required after Maharashtra de-notified 16,000 acres of land earmarked for the Maha Mumbai Special Economic Zone in Raigad district.
Honouring the late Irrfan Khan's enduring legacy, a compelling documentary A Story That Refused to Die, chronicling his transformative journey during the making of Paan Singh Tomar, is set to be screened at the Nita Mukesh Ambani Cultural Centre on his sixth death anniversary.
The board had approved a salary of Rs 38.75 crore for the RIL chairman
Accompanied by a large entourage, including the kids, the couple reached Varanasi by a private plane in the afternoon.
Billionaire industrialist Mukesh Ambani has turned a venture capitalist and is backing a new television channel Epic TV due to go on air next month.
The two companies have approached banks to raise up to Rs 8,000 crore as debt to fund their expansion plans.
Reliance Industries chairman Mukesh Ambani's plan to build a helipad atop his residence in south Mumbai has met with opposition from the MCGM which has asked him to stop the construction work, a senior official said. The Municipal Corporation of Greater Mumbai (MCGM) has also asked him pay Rs 2.43 lakh for proceeding with the construction wihtout having obtained requisite permissions.
Reliance Industries (RIL's) annual report released on Sunday highlighted the company's focus on new energy solutions, with chairman and managing director (MD) Mukesh Ambani stating that the age of fossil fuels will not continue much longer. RIL has sought shareholders' approval to give Ambani another five-year term as MD till 2029 at nil salary. The recently demerged Jio Financial Services, which "will leverage the prowess of digital and retail businesses", was expected to be listed soon.
Mukesh Ambani, who is in talks with Saudi Arabian oil giant Aramco to sell one-fifth of his oil-to-chemicals business in India for $ 15 billion, said the two countries have all factors to drive growth - technology, young demography, and leadership.
Top ten billionaires in India.
India, the world's third-largest energy consumer, will see its energy needs doubling by the end of this decade as it witnesses an unprecedented explosion of economic growth, the nation's richest man Mukesh Ambani said on Saturday. Speaking at the convocation of Pandit Deendayal Energy University (PDEU), Ambani, who heads the nation's most valuable company Reliance Industries Ltd, said the Indian economy will become a $40 trillion economy by 2047 from the current $3.5 trillion. "And to fuel this growth, the country will need enormous amounts of energy - clean, green energy that won't choke mother nature for the sake of human progress," he said.
Mukesh Ambani, the country's richest man and chairman of Reliance Industries, is understood to have gifted his wife, Nita, a unique, customised, plush corporate jet, on her birthday which was on November 1.
For India to succeed in this data driven revolution, we will have to migrate the control and ownership of Indian data back to India: Mukesh Ambani.
Mukesh Ambani, the new media mogul of country, has his strategy cut out. For the ETV bouquet of channels, the focus would be the general entertainment channels (GEC).
It is only an attempt to sensationalise the issue, RIL director and Supreme Court advocate Y P Trivedi said.
Billionaire Mukesh Ambani on Monday pressed for bridging the digital divide "both among nations and within nations", saying connectivity and communications have become the fundamental rights of every person. Also, there is a need to bring back the economies around the globe. Speaking at the Qatar Economic Forum, he said it is difficult to imagine what India would have been without the 4G telecom network during the pandemic. "The digital divide must be bridged, both among nations and within nations.
