Valuation slips on rights cancellation; OIL pulls out, GAIL puts plan on ice.
The cumulative wealth of 284 Indian billionaires is a third of the country's GDP, a report said on Thursday.
Following the patch-up between the Ambani brothers last month, the annual general meeting of elder brother Mukesh-chaired Reliance Industries witnessed heightened excitement among shareholders.
India now has 284 billionaires, 13 more than last year, maintaining its position as the third-largest dollar-billionaire hub globally, after the US and China.
The wedding, which is billed as the India Inc's most expensive yet, was held at Antilla.
Nita Ambani traveled to Pune to cheer the team against the Punjab Kings on Wednesday
The three-day wedding that will take place in Mumbai will see over 1,000 guests.
Stars lit up the evening with their gorgeous avatars on Day 2 of Radhika Merchant and Anant Ambani's pre-wedding celebrations.
The net worth of India's richest man, Mukesh Ambani, dropped 28 per cent, or USD 300 million a day for two months to USD 48 billion as on March 31 due to the massive correction in stock markets, a report said on Monday. The chairman and managing director of the diversified Reliance Industries saw his wealth decline by USD 19 billion (app Rs 144,400 crores) in the February-March period, taking his global ranking down eight places to 17th, the Hurun Global Rich List said.
Indian billionaires Mukesh Ambani and Anand Mahindra, Apple CEO Tim Cook and corporate leader Indira Nooyi were among the guests. CEOs of Google, Microsoft and Adobe -- Sunder Pichai, Satya Nadella and Shantanu Narayen -- also attended the event.
IPOs have been the flavour of the season for some time. But the coming together of three mega IPOs, from diverse businesses and historic relevance, could tell a story that's still in the making, points out Nivedita Mookerji.
Prepare to be obsessed with her pre-wedding styles.
'The ownership controversy will be resolved to the satisfaction of shareholders and the country in the next few weeks,' a Reliance spokesperson said.
Reliance Industries (RIL) annual general meeting (AGM) had several stunning announcements. RIL looks to list Jio Platforms (JPL) by June 2026. It targets doubling of FY22 earnings before interest, taxes, depreciation and amortisation (Ebitda) (Rs 1.25 trillion; $14.6 billion) by FY27 implying 14.7 per cent compound annual growth rate (CAGR) over the FY22 levels.
Mukesh said he inherited the passion from his late father Dhirubhai Ambani.
Business tycoons at the Ambani's pre-wedding celebrations at Jamnagar, Gujarat.
The shares of the Mukesh and Anil Ambani group companies were on fire on Monday following the brothers burying their hatchet, with RIL gaining 2.58 per cent and Reliance-Power rallying 7.86 per cent.
Sonam Kapoor and Isha Ambani partnered up for a fund-raiser recently. A star-studded event, the guests looked very glamorous as they sashayed in in their designer wear.
The house has six stories of underground parking, three helicopter pads, and reportedly requires a staff of 600 to keep it running.
The Reliance-Disney joint venture's new, rebranded streaming app JioHotstar will offer subscription plans starting at Rs 149.
The newly weds look so cute together.
Reliance Jio accuses COAI of malafide intention.
Billionaire Mukesh Ambani has set targets for his three kids whom he has identified for takeover of telecom, retail and new energy business. Speaking at his father Dhirubhai's anniversary, celebrated as Reliance Family Day, he said the oil-to-telecom-to-retail conglomerate Reliance industries Ltd has embarked on a journey of comprehensive self-transformation. "The end of 2022 is when Reliance will have crossed the half-way mark of its Golden Decade.
Reliance holds 67.03% of Jio Platforms Limited and the public listing would provide an exit to many investors.
Multiple residential units are being developed for housing senior executives of Reliance Anil Dhirubhai Ambani group at a plot in Pali Hill of Bandra.
Reliance Industries Holdings will now directly own stakes in Reliance Ports & Terminals, Reliance Gas and Transportation and Reliance Utilities and Power.
Kejriwal, whose group India Against Corruption, has won publicity in India by accusing ruling Congress party chief Sonia Gandhi's son-in-law Robert Vadra of taking part in shady dealings, said on Wednesday that Reliance has profited from cosy relationships with a string of government ministers.
Security was beefed up on Monday outside industrialist Mukesh Ambani's south Mumbai residence after a taxi driver informed the police that two suspected passengers carrying bags with them had asked him about the location of 'Antilia', an official said.
Reliance Industries Chairman Mukesh Ambani has said that the company will use the polymer futures platform to hedge its risk because of price volatility in oil.
Anil's RCom straddles 2G, 3G; Mukesh has spectrum to operate in 4G.
The revised GSMA was signed pursuant to the Supreme Court's May 7 judgement, turning down RNRL's demand for cheap gas from RIL based on a family agreement.
Industrialist and owner of the Mumbai Indians, Mukesh Ambani, was also seen at the Wankhede in Mumbai cheering his team.
Sets up joint venture with D E Shaw.
Three special economic zones promoted by Mukesh Ambani and Anand Jain in Navi Mumbai are among among 36 proposals that got cleared by the Board of Approval on Friday.
He was in Jamnagar for Anant Ambani and Radhika Merchant's pre-wedding celebrations.
One of the country's biggest corporate court battles, between Ambani brothers Mukesh and Anil, had a celebrity spectator -- King of Bollywood Shah Rukh Khan.
