RIL, ADAG cancel 2006 non-compete agreements, hope to work in harmony
Reliance Industries on Friday unveiled five fundamental strategic shifts for growth, laying emphasis on acquisitions and partnerships for growth rather than the organic route.
Proxy advisory firm IiAS has recommended that institutional investors should vote against the appointment of Anant Ambani on Reliance Industries Ltd's (RIL's) board, citing his age as the reason. The firm has, however, given its green light to the appointment of Anant's elder siblings - Akash and Isha. In its recommendation note, IiAS said, "At 28 years of age, his appointment as a non-executive, non-independent director does not align with our voting guidelines."
Out of the world's 10 wealthiest CEOs, four positions have been grabbed by Indians -- Lakshmi Mittal is ranked at the second place followed by Mukesh Ambani (6th place), Anil Ambani (7th) and Wipro chief Azim Premji (9th). The list has been topped by Warren Buffet, the chief executive of Berkshire Hathaway with a fortune of $52 billion.
Reliance Industries chairman and managing director Mukesh Ambani confirmed the truce pact with Anil Ambani.
According to the spokesperson, Singh has filed a police complaint and the FIR has been lodged for further investigation by the cyber crime cell.
Sources say Ambani may be financing a part of the project in his individual capacity rather than through any of his group companies.
Reliance Industries Chairman Mukesh Ambani and Communist Party of India-Marxist General Secretary Prakash Karat are understood to have discussed the economic slowdown, the political situation and the CPI-M's position as a general election approaches.
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Close on the heels of Mukesh Ambani's Reliance Industries seeking coal mines to convert coal into oil, younger brother Anil-run Reliance Natural Resources has applied for coal blocks to turn coal into gas. Reliance-Anil Dhirubhai Ambani Group (R-ADAG) president J P Chalasani in a January 14 letter to Coal Secretary H C Gupta sought allocation of "captive coal blocks for the purpose of converting coal to gas."
Legendary industrialist Ratan Tata's body was on Thursday morning taken from his house in a hearse, decked with white flowers, to the National Centre for Performing Arts (NCPA) in south Mumbai where it would be kept for people to pay their last respects.
The merger between the RIL and RPL would enhance value for shareholders of both the companies, RIL Chairman Mukesh Ambani said in Mumbai on Monday.
The soon to-be-wed couple threw a lavish, exclusive party for close family and friends.
Mukesh Ambani, locked in a tussle with his brother Anil Ambani over the ownership of over Rs 90,000 crore (Rs 900 billion) Reliance industrial empire, had a meeting with Congress President Sonia Gandhi on Saturday.
Ambani family truce unlocks RIL growth potential.
Hiran's body was found in a creek in Thane district on March 5.
Right after it returned to the telecom sector by acquiring Infotel Broadband, Mukesh Ambani's Reliance Industries (RIL) began discussions with brother Anil Ambani's mobile service provider, Reliance Communications (RCom), for a possible sharing of infrastructure.
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Bollywood couples didn't mind a midweek date, as they stepped out to watch Zoya Akhtar's new OTT film, The Archies at the Nita Mukesh Ambani Cultural Centre in Mumbai.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
Their engagement party was held at Lake Como, Italy.
It is not clear if it was the same Innova that was following the explosives-laden Scorpio before the latter was parked near Ambani's residence in south Mumbai on February 25.
The network sharing agreement is the start of a new era of partnership between the brothers. More deals on sharing towers and intra-city fibre network are likely.
In the last two years, there have been at least three instances of the government actively stepping in on Mukesh Ambani's side.
A Mumbai court has issued summons against industrialist Mukesh Ambani, his brother Anil Ambani and seven others following a complaint by a local resident alleging that he was getting Reliance cellphone bills although he was not a subscriber.
Ambani flew to Badrinath, which reopened to the public today, from Dehra Dun in a helicopter to pay obeisance to Lord Badri.
Richest Indian Mukesh Ambani on Tuesday said India will grow to be among the top three economies in the world in the next two decades and per capita income would more than double. At a fireside chat with Facebook head Mark Zuckerberg, he said India's middle-class, which is about 50 per cent of the nation's total number of households, will grow three to four per cent per year.
Aam Aadmi Party leader Arvind Kejriwal has shot off a letter to Reliance Chairman Mukesh Ambani, levelling unsubstantiated charges against the billionaire businessman.
Mexican billionaire Carlos Slim remained the richest person in the world with $74 billion in assets, while NRI steel magnate Lakshmi Mittal ranked sixth and Indian industrialist Mukesh Ambani is placed ninth in the US magazine Forbes annual list of world's top billionaires.
A designated Delhi court has directed the Chief Metropolitan Magistrate to issue summons to Reliance group chairman Mukesh Ambani and its managing director Anil Ambani.
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It is the first time Italian design house Maison Valentino created a lehenga.
Downstream oil sector regulator Petroleum & Natural Gas Regulatory Board had been pushing for cancellation of the authorisation given to RGTIL.
Fan-favourite and team skipper MS Dhoni's arrival is yet to be confirmed.
The hospitality chain Leela Group chairman C P Krishnan Nair, who is set to retire from active management this June, on Monday said he will consider partnering Mukesh Ambani if there are hostile takeover threats from rival ITC.
The wedding celebrations of Aamir Khan's daughter Ira and Nupur Shikhare continued on Saturday, January 13, 2024.
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