Delhi Court on Wednesday issued summons to Reliance group chairman Mukesh Ambani and its managing director Anil Ambani
Dubbing as "most unfortunate" the advertisement campaign against it by the Anil Ambani group, the government on Friday hit back, saying the propaganda was unleashed on a sub-judice matter.
Industrialist and owner of the Mumbai Indians, Mukesh Ambani, was seen at the Wankhede in Mumbai cheering his team.
The government on Saturday filed a petition before the Supreme Court seeking a direction to declare as 'null and void' the private family agreement of the Ambanis that provides for gas supply by Reliance Industries Limited to Reliance Natural Resources Limited. The government petition has named as respondents RIL led by Mukesh Ambani and RNRL headed by Anil Ambani, which have separately filed cross-petitions against the Bombay High Court's June 15 judgment.
Ambani's comments have come at a time when various cases of corruptions are coming to light, including those involving some big corporate houses and some politicians.
The plan is that Mukesh Ambani will get RIL and IPCL, while Anil will get Reliance Infocomm, Reliance Energy and Reliance Capital.
Reliance Industries chairman Mukesh Ambani has said issue of bonus shares after a 12-year hiatus was just fulfilment of the company's commitment to reward shareholders after completion of important projects.
Investors were on Monday sceptical on the shares of Ambani sibling companies and their prices remained subdued despite a resurgent stock market.
Ranveer Singh never said this, and he does not have any relation with any political party, his father said in the complaint.
Reliance's big-bang entry across the solar ecosystem will cut dependence on Chinese imports drastically. And Ambani's repeated emphasis that RIL's new energy foray will be 'a truly global business' points that his group is playing not just for a share of the Indian pie but to be the OEM in the larger 5,000 GW global market by 2030, points out Shailesh Dobhal.
Reliance Industries Ltd will invest Rs 75,000 crore in rolling out 5G mobile telephony services, expanding retail network and setting up renewable energy capacity in Uttar Pradesh in the next four years, its chairman Mukesh Ambani said on Friday. Ambani also announced foray of the oil-to-telecom conglomerate into bio-energy business, converting agriculture waste into gas which can be used as fuel in industries, run automobiles or light kitchen stoves. Speaking at the Uttar Pradesh Global Investors Summit 2023 here, Ambani said his group will set up 10 GigaWatts of renewable energy capacity and roll out 5G services across the state in the next 10 months.
The wedding ceremony witnessed members of Indian Premier League side Mumbai Indians in attendance.
'There is no ambiguity in Dhirubhai's legacy that the chairman and managing director is the final authority on all matters concerning Reliance," he said in an e-mail to RIL employees.
Asia's richest man, Mukesh Ambani, signed off an address to employees last week by assuring them that 2024 would be better than 2023 for both Reliance Industries and India. Ambani isn't an exception. Promoters and their representatives from several other conglomerates have expressed similar optimism.
Nearly four months after Anil Ambani tendered his resignation from the board of Reliance group company IPCL in the midst of his feud with brother Mukesh Ambani, the company's website on Friday showed the list of the Board of Directors without the you
The petroleum ministry has sought expansion of the legal team that is to argue the government's stand on the gas dispute between the Ambani brothers before the Supreme Court beginning next week.
The board of Reliance Industries Ltd on Thursday approved issuing 1:1 bonus shares -- the first bonus issue in seven years. Reliance, the nation's most valuable company, had last issued bonus shares in September 2017.
Mansukh Hiren, who was in possession of the car that was found with explosives outside industrialist Mukesh Ambani's residence, in a letter to Maharashtra Chief Minister and Home Minister had alleged that he was being harassed by police and media. He had also claimed that in spite of being a victim, he was treated as an accused.
With the Mukesh Ambani-promoted Reliance Industries Ltd (RIL) planning to approach the Supreme Court, challenging a High Court order for selling gas at $2.34 per million British thermal unit (mBtu) to Reliance Natural Resources Ltd (RNRL), the chances of an agreement between the Ambani brothers by July 15 appear remote.
Three weeks after the Supreme Court judgement, the brothers Ambani have formally decided to create an overall environment of harmony, co-operation and collaboration.
Hinduja Group of Companies (India) Chairman Ashok Hinduja as well as Essar head Shashi Ruia and its CEO Prashant Ruia were present.
The apex court also heard a plea for bringing back black money stashed in tax havens abroad.
Nita Ambani's appointment on the board of directors of RIL was met with thunderous applause.
Nita Ambani had worn the sari nearly 35 years ago, on her wedding day.
With pricing of natural gas from the KG-D6 block stuck, Mukesh Ambani made the second trip to New Delhi this month to meet top officials.
Mukesh Ambani-led RIL and Anil Ambani group firm RNRL on Thursday urged Justice R V Raveendran to ignore news reports on his presence on the Bench despite having shares of the two warring companies.
Reliance Industries Ltd on Friday reported a 2.4 per cent rise in its March quarter net profit as store rationalisation in retail business and improved margins in telecom helped offset weakness in mainstay oil and petrochemicals business and higher finance cost. Consolidated net profit of Rs 19,407 crore, or Rs 14.34 per share, in January-March - the fourth quarter of April 2024 to March 2025 fiscal (FY25) - was higher than Rs 18,951 crore, or Rs 14 a share, in the same period a year back, the company said in a statement.
The Mukesh Ambani-led Reliance Industries' Ahmedabad-based subsidiary ADSL, or Allied Digital Services Ltd, has won a Rs 1000-crore tender to install closed circuit cameras and sensors throughout Mumbai, reports RS Chauhan
The Congress continued its losing spree on Saturday posting its worst-ever show in Maharashtra and ending up a distant junior partner to the ruling Jharkhand Mukti Morcha in Jharkhand, further diminishing its role in the opposition bloc as other allies perform better.
India's second richest person Gautam Adani received a total remuneration of Rs 9.26 crore in the fiscal year ended March 31, 2024, lower than most industry peers as well as his own key executives.
The Aam Aadmi Party on Tuesday attacked Narendra Modi and the Bharatiya Janata Party for keeping "mum" on the Reliance gas issue in which Mukesh Ambani is among others named in a first information report filed by the Anti-Corruption Branch of the Delhi government.
According to the email, Kumar said, "When with Mukesh on portfolio question. . . 2 things to explore: A) Raj wants to know if they will get into the solar biz aggressively and when (there are implications for supplier companies etc)."
The Bombay high court, while pronouncing the verdict on the gas dispute on Monday, advised the Ambani brothers for the second time to settle their row in consultation with their mother.
A division bench of Justices J N Patel and K K Tated said that the new agreement should be as per the memorandum of understanding between the Ambani brothers Mukesh and Anil. The MoU stipulates that RIL would supply 28 mmscmd of gas to RNRL for 17 years at the rate of $2.43 per million British Thermal Units.
Mukesh Ambani, chairman of Reliance Industries Ltd, on Tuesday said that India has traversed a long path from being a Third World County in the 1980s to becoming the world's third most important economy today.
Rejecting the Ambani family agreement on gas, the government on Friday said a private pact cannot be allowed to threaten national interests and asked the Supreme Court to make it a party in the ongoing case between the group firms of Anil and Mukesh Ambani.
Commercial services may start in Mar-Apr next year
Activist-turned-politician Arvind Kejriwal on Friday took on the issue of hawala money stashed in Swiss bank accounts.
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