With the listing of Reliance Power, the market cap of Anil Ambani group aggregated to Rs 307,112 crore (Rs 3,071.12 billion), almost Rs 100,000 crore (Rs 1,000 billion) below expectations of Rs 400,000 crore (Rs 4,000 billion) capitalisation.
Nobody is dubbing it a revolution, but something radical has happened near Mumbai. Ambani, not just the richest but also arguably the most powerful Indian industrialist, has faced a setback due to 'people's power'.
Mukesh Ambani-promoted Mumbai SEZ, coming up in the neighbouring Raigad district, on Tuesday moved the Bombay High Court seeking a speedy completion of land acquisition by the district administration.
The government on Wednesday asserted in the Supreme Court that any suitable arrangement between the Ambani brothers for the supply of gas from K G Basin has to be approved by it keeping the national interest paramount.
The wedding celebrations of Aamir Khan's daughter Ira and Nupur Shikhare continued on Saturday, January 13, 2024.
RIL does not have any "unrelated focus" and all its investments in sectors like retail and telecom will deliver in due time.
RIL, RCom working on partnership blueprint.
Fan-favourite and team skipper MS Dhoni's arrival is yet to be confirmed.
Observing there was a 'wilful default', the Supreme Court last month held Ambani guilty of contempt of court and ordered the debt-laden company to clear the dues to Ericsson.
The 68-year-old senior lawyer was earlier married to Meenakshi (his first wife) and Caroline Brossard later in 2020.
Indeed there is an extraordinarily stark contrast between the mansion in South Mumbai and the reality of Golibar -- with its fragile, tiny one room homes set amid open sewage channels in narrow lanes.
The Bombay High Court on Monday asked Mukesh Ambani-led Reliance Industries and Anil Ambani group firm Reliance Natural Resources Ltd to renegotiate within four months, a Gas Supply Master Agreement (GSMA) between them saying it has to be a "bankable" pact.
According to insiders, the induction of Jai Anshul would coincide with the birthday of the late patriarch of Reliance group, Dhirubhai Ambani, in the last week of December.
Securities and Exchange Board of India has let off Reliance Industries Ltd and its chairman and managing director Mukesh Ambani and his brother Anil, who is vice-chairman and MD, from charges of insider trading
RIL declined to comment on this or related allegations, saying the entire issue was in court.
Nita Ambani, the chairperson at Reliance Foundation and International Olympic Committee (IOC) member from India, hosted a gala dinner in honour of Thomas Bach, IOC president.
The ADA Group's recent decision to sell a stake in Reliance Communications and merge its telecom tower business with GTL Infra will help it reduce a mounting debt burden.
Voice calling will be free on Jio phones for life and post December 31, 10 data plans will be offered
Hatoyama is the first Japanese PM to visit India in 25 years.
Within days of a truce with younger brother Anil, Asia's richest man Mukesh Ambani will address shareholders of Reliance Industries on Friday and is expected to announce mega investment plans, possibly in power and telecom sectors.
Isha and Akash, 23, were appointed to the boards of Reliance Jio Infocomm Ltd and Reliance Retail Ventures Ltd, the company said.
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.
Tatas, Ambanis, Adanis, Birlas contributed an average of Rs 800 crore to Rs 1,000 crore per family group.
Mexican billionaire Carlos Slim has emerged as the richest person in the world with $53.5 billion in assets in the US magazine Forbes annual list of world's top billionaires.
Preliminary probe revealed that the jawan stumbled and fell which caused his automatic rifle to fire and he received two bullet injuries in his chest.
Two corporate heads, Vikram Pandit and Mukesh Ambani, on Friday predicted great things about India's growth story. Particularly, the recent stress on inclusive growth.
Mukesh Ambani-led Reliance Industries Ltd (RIL) plans to invest Rs 75,000 crore ($9 billion) each into its new energy business and petrochemical expansion, according to a company presentation. In its FY25 result statement, Ambani said the company has laid a strong foundation for its projects in renewable energy and battery operations. "In the coming quarters, we will see the transition of this business from incubation to operationalisation.
Stumbling blocks for resolving the gas row between the Ambani brothers can be removed by putting together the family MoU and the demerger scheme, Anil Ambani-led RNRL told the Supreme Court on Wednesday.
Aiming to make consumer businesses a key part of the business, industrialist Mukesh Ambani on Thursday said that the group's retail venture was aiming to grow its revenue 5-6 times and achieve sales of Rs 40,000-50,000 crore (Rs 400-500 billion) in the next three to four years.
The Delhi high court on Thursday extended for a month the date of appearance of the Ambani brothers before a city court in connection with an Official Secrets Act case.
The decision by Mukesh Ambani, chairman of Reliance Industries as well as Reliance Infocomm, to annul his 12 per cent sweat equity deal in Infocomm
The Supreme Court on Monday asked Mukesh Ambani-run Reliance Industries Ltd and Anil Ambani group firm Reliance Natural Resources Ltd to reply to the government's prayer for declaring 'null and void' their family agreement on gas supply, and posted the matter for hearing on September 1.
It's mostly fun and games at annual general meetings of companies, but sometimes it is also a bit ugly. . .
A controversy erupted on Monday over business tycoon Mukesh Ambani being provided Z category security with Left parties condemning it as "unprecedented" while the Centre sought to defuse the row saying he will bear the expenses.
The company wants to compete against international majors in Sunil Mittal bastion.
Billionaire Mukesh Ambani-run Reliance Industries will sell natural gas from its eastern offshore KG-D6 fields to Anil Ambani Group firm's power plant in Andhra Pradesh at government approved rates.
JioFiber, India's first 100 per cent all-fiber broadband service, will start from 100 Mbps and go all the way up to 1 Gbps. This will propel India to top 5 broadband nations globally.
