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.
India Inc honchos Ratan Tata, Mukesh Ambani and others are likely to explore measures to boost bilateral business ties during their brainstorming session over breakfast with US Secretary of State, Hillary Clinton on Saturday.
Gas production from the country's biggest gas block is less than a year away, but Reliance Industries (RIL), operator of the block in the Krishna-Godavari basin, and Reliance Natural Resources (RNRL), the biggest buyer of gas from the block, have not made headway on renegotiating the sales agreement.
Branded Mobi-Retail, this service will be offered to the 35 million subscribers of Reliance Communications, who will be able to use their handsets to buy over 100,000 products ranging from fresh vegetables to groceries, readymade garments, toys etc.
Anil Ambani group company Reliance Communications Infrastructure Ltd has moved the Supreme Court seeking to recover more than Rs 58 crore (Rs 580 million) of outstanding loan from a Mukesh Ambani group firm.
A division bench of Justices J N patel and K K Tated was hearing a case regarding the dispute between Anil-led Relaince Natural Resources Ltd and Mukesh's Reliance Industries Ltd over the gas supply master agreement (GSMA) whereby RIL will be supplying gas for RNRL's power plants.
Reflecting the differences with elder brother Mukesh on buyback of shares by flagship company Reliance Industries, Anil Ambani on Wednesday said he had proposed that 12 per cent equity in RIL held by the Petroleum Trust and four companies be distribu
As Ambani plumped for the CDMA technology to carry his data-driven business plan, he found himself going eyeball-to-eyeball with Sunil Mittal, the leader of the GSM pack.
The Adanis and the Ambanis already knew about it and sorted their money in advance, said the BJP MLA
Billionaire Mukesh Ambani-led Reliance Industries has completed the merger of its media assets with the India business of global media house Walt Disney and formed a joint venture with a valuation of over Rs 70,000 crore. The JV will be one of the largest media and entertainment companies in India with a combined revenue of approximately Rs 26,000 crore and will be led by Nita Ambani as its chairperson, according to a joint statement.
Mukesh Ambani, Chairman of Reliance Industries Ltd, has won this year's prestigious World Communication Award as the world's most influential person in telecommunications in 2004, said a company release.
Bank of America has given shares worth nearly Rs 11 lakh (Rs 1.1 million) to Mukesh Ambani as part of annual retainer fee to the billionaire industrialist, who joined the United States banking giant's board last month.
Petroleum Ministry has sought help from Law Ministry in resolving the Ambani demerger issue over the production of gas from KG fields.
India will become one of the top 10 telecom powers in the world by the year 2006, Mukesh Ambani, chairman and managing director of Reliance Industries, said in New Delhi on Saturday, at the Pravasi Bhartiya conference.
The National Investigation Agency (NIA) arrested Mumbai Police officer Sachin Waze Saturday night after questioning him for 12 hours over the recovery of an explosive-laden vehicle near the residence of industrialist Mukesh Ambani, an agency spokesperson said.
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.
Chidambaram said the government will not go back on its decision to raise gas prices for both public sector and private producers from April 1.
Reliance Industries on Friday said that their offer of roaming facility across 673 cities on WLL phones was "well within the licence conditions" and the company has communicated this to Telecom Regulatory Authority of India.
Laying fibre to home is a cumbersome and a slow process as every building has to be physically wired.
Amid the ongoing tariff war in the telecom sector, Reliance Infocomm chief Mukesh Ambani on Wednesday said there would be no significant change in the ruling tariff structure.
Three different invitations were sent out for the wedding and the receptions with top-run guests being sent a large red box that contained an intricate chest incorporating a mini silver temple featuring gold idols of various Hindu deities, including Lord Ganesh, Radha-Krishna, and Goddess Durga.
Read the full text of the Supreme Court ruling in the Krishna Godavari Basin gas dispute between Mukesh Ambani-led Reliance Industries Ltd and Anil Ambani's Reliance Natural Resources Ltd.
Mukesh Ambani on Monday became the first Indian to head a group of companies with a combined market value of over Rs 5 trillion, while his group's flagship Reliance Industries became the country's first firm crossing the capitalisation of Rs 4 trillion. RIL's share price soared above 5 per cent to close at Rs 2,827, taking its market capitalisation to Rs 4,11,041.95 crore (nearly $104.22 billion).
All cases that were registered last year during will be pursued.
Within weeks of granting shares worth about Rs 11 lakh (Rs 1.1 million), Bank of America has given fresh shares worth over Rs 72 lakh (Rs 7.2 million) to Mukesh Ambani as part of his annual fee for being a director of the United States banking major.
Announcing a bullish stance on the company's financial position, the chairman and managing director said that RIL would become debt-free on a net basis in the current 2011-12 fiscal.
The list of guests included celebrities from across the globe, politicians, the who's who of Hindi and south Indian cinema world and almost all the top cricketers of the country.
'The top 10 per cent of the population should adopt and handhold the bottom 20 per cent of the population as a social responsibility.'
Ranveer Singh never said this, and he does not have any relation with any political party, his father said in the complaint.
The effective cost of the fully made-in-India phone will be zero, as against the minimum Rs 3-4.5k cost for a smartphone, Ambani said.
Move over Sydney Opera House, Theatre Royal Drury Lane, Mumbai has a new entertainment venue that will rival many a global address.
'Look at the amazing combination of you coming from Punjab, me coming from Chennai, and we are making a Marathi film.'
