Adani Group said on Friday it will invest around Rs 1 trillion in various sectors of Andhra Pradesh over the next ten years, deepening its commitment in the state where it will partner with Google for an artificial intelligence (AI) hub in Visakhapatnam.
Mukesh Ambani had exclusive meeting with West Bengal chief minister after she met India Inc leaders in Mumbai.
Rahul Gandhi's retort to PM Modi came after the latter attacked him at an election rally saying why he has "stopped" naming Adani and Ambani in his attacks and whether he has received money from them in return.
Pegged as 'MI10 - Igniting Passion For 10 Years', the Mumbai Indians' 10-year celebration saw a number of past and present Mumbai Indians' cricketers, support staff and management invited by the franchise owners' Nita and Mukesh Ambani at their residence in Mumbai, to mark the occasion.
US sanctions against two of Russia's largest oil companies are expected to impact Reliance Industries' crude imports from Russia, while state-run refiners may continue purchases through intermediary traders for now.
The UP government said Yogi returned with investment proposals worth over Rs 5 lakh crore from Mumbai.
The company's staff strength fell by 704 workers during the fiscal year ended March 31, 2011, and stood at 22,661 employees.
Mukesh Ambani's Antilia includes a private theatre that seats over 50, a snow room, and even an ice cream parlour. If that's not redefining home entertainment, what is?
She's living her best days as the newest Ambani bride-to-be.
What some of our leaders were up to on Wednesday, September 20, 2023.
While Ambani, 66, drew nil salary from the company since the 2020-21 fiscal year, other executive directors including his cousins Nikhil and Hital are paid a salary, perquisites, allowances and commission. His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm.
In another twist to the feud between the Ambani brothers, the younger sibling Anil's Group is understood to have filed a defamation suit for a whopping Rs 10,000 crore (Rs 100 billion) against elder Mukesh Ambani for remarks purported to have been made by him in an interview with the New York Times several weeks ago.
The latest Ambani-sibling fight has now become a political battle.
The move comes within days of RNRL approaching the apex court to become a party to the petition filed by NTPC against RIL that seeks quashing of the Bombay high court, which allowed the Mukesh Ambani group firm to amend its petition.
Radhika Merchant and Anant Ambani's haldi ceremony on July 8 saw glamorous film folk make pretty pictures once again after the sangeet.
Some of India's largest conglomerates are gearing up to either commission or commercially start the first phase of their new energy projects this year, according to company executives and analysts.
As Mumbai wickets kept falling, Akash Ambani looked tense and did not hesitate to show his disappointment.
Reliance Jio, the telecom business of the Mukesh Ambani-promoted conglomerate, is expected to go for an initial public offering (IPO) of over $6.25 billion either in the second or the third quarter of the calendar year 2025, sources said. Reliance Retail is likely to be listed around the same time with a short gap, it is learnt. The timing of the two IPOs, however, will depend on the company's assessment of the market conditions among other factors.
In a statement to the Bombay Stock Exchange, the company said it had appointed Nita Ambani and three others as additional directors.
Sebi on Wednesday imposed a total penalty of Rs 25 crore on Mukesh Ambani, Anil Ambani, other individuals and entities for non-compliance with takeover norms in a Reliance Industries case dating back to 2000.
Mukesh Ambani has resigned from the board of his group's telecom arm, Reliance Jio and handed over the reins of the company to elder son Akash, a step seen as succession planning by the 65-year old billionaire. In a stock exchange filing, Reliance Jio Infocomm said the company's board at a meeting on June 27, "approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company." This comes after his father resigned with effect from close of working hours on June 27, it said.
Oil to telecom conglomerate Reliance Industries (RIL) has initiated the process to seek shareholders' approval for the appointment of the third generation of the Ambani family on the company's board. The remote voting through postal ballot will start from September 27 onwards. In a separate note, CreditSights said a trust and hold-co model could be a possibility for the anticipated succession at RIL.
While existing players are expected to first drop prices, acquisition of smaller firms by larger ones is likely in future
Film folk mourned Zarine Khan and condoled with her family at her prayer service on November 10 at Mumbai's JW Marriott hotel.
Oil regulator PNGRB has approved the tariff that billionaire Mukesh Ambani-owned East-West pipeline will charge for transporting gas from fields off the east coast to users.
Mansukh Hiran was subsequently killed as Waze thought him to be the 'weak link' in the conspiracy, the NIA stated.
Life Insurance Corporation of India (LIC) has made the most of the stock market boom by reducing stakes in all its top conglomerates during the financial year 2023-2024 (FY24). However, even after reducing exposure, the value of its remaining stake has gone up substantially across all groups, according to data collated from stock exchange filings.
The collective wealth of the 100 richest went past $1 trillion for the first time.
An RTI report has named Mukesh Ambani's eldest son Anant, mother Kokilaben and Sachin Tendulkar's children Sara and Arjun among the list of people provided security by the Mumbai police.
The central agency had earlier arrested four persons, including two Mumbai police officers -- Sachin Waze and Riyaz Kazi -- in connection with these cases.
Oil-to-telecom conglomerate Reliance Industries Ltd head Mukesh Ambani continues to be the richest Indian and has now broken into the world's top 10 wealthiest persons in the latest Forbes 2024 Billionaire List. Ambani, 66, is ranked 9th on the list with a wealth of $116 billion, up from $83.4 billion in the 2023 ranking, according to Forbes. Gautam Adani is the second richest Indian and is ranked at No.17 on the global list.
RIL, owned by elder brother Mukesh Ambani, had acquired the Mumbai team last month for $111.9 million (about Rs 448 crore) for 10 years. Anil Ambani chose to stay away from the bids for the eight teams last month.
Newly appointed Ambassador of the United States (US) to India Eric Garcetti visited Mumbai on Tuesday and met Reliance Industries Chairman and Managing Director Mukesh Ambani and Bollywood superstar Shah Rukh Khan at the actor's residence 'Mannat', besides offering prayers at Mumbadevi Temple and Jama Masjid.
The first wedding card was offered by Ambani family at Siddhivinayak temple in Mumbai.
"The report is out of context and factually incorrect. Tata's comments on wealth are in the larger context of the growing disparity in the society. The comments seem to have been deliberately sensationalised," a statement from Tata Sons said.
A Mahindra Scorpio car with gelatin sticks was found parked near "Antilia", the multi-storey residence of Ambani, in south Mumbai on February 25.
