Family sources confirmed that over the weekend the 'Ambani family,' including mother Kokilaben and sisters Deepti Salgaoncar and Nina Kothari requested Mukesh to furnish appropriate details as per his statement on November 22.
The Adani family, led by Chairman Gautam Adani, is the most valued first-generation family business at Rs 15.44 trillion.
The valuation of the Reliance empire by ICICI Bank chairman and an Ambani family friend, K V Kamath is complete, setting the stage for a possible settlement of ownership issues between the warring brothers, Mukesh and Anil.
The collective wealth of the 100 richest went past $1 trillion for the first time.
It is business and days of big announcements on Sundays for industrialist Anil Ambani, contrary to golf and get-togethers for the rest of the corporate world.
Its trajectory in telecom is well known but now it is pushing for a similar leap into the ranks of the top players in its other businesses: media and entertainment, e-commerce, a series of online businesses ranging from health to education, and retail.
A friend of the Ambani family has described the dispute between the two brothers -- Mukesh and Anil -- as a 'Shakespearean tragedy', which had its roots in tensions between Anil's wife Tina and Mukesh's wife Nita. He said after their father's death, Mukesh and Anil had fallen out over whose wife was next in line to the Reliance empire.
RIL said the Anil Ambani group firm "does not have a single power plant since the demerger (of the Reliance empire) and the ADAG owns just one gas-based plant."
India's ace deal-maker explains what allowed him to represent both Dhirubhai Ambani and Nusli Wadia while being on Essar Shipping's board.
Anil Ambani on Wednesday met Finance Minister P Chidambaram and Home Minister Shivraj Patil presumably to brief them about the settlement of Reliance empire with the elder scion of the Ambani family, Mukesh.
Kicking off the process for a possible settlement of ownership issues within the Reliance empire, Kokilaben, widow of Dhirubhai Ambani, has started consultations separately with her warring sons
The plan is that Mukesh Ambani will get RIL and IPCL, while Anil will get Reliance Infocomm, Reliance Energy and Reliance Capital.
Mukesh Ambani has left 'all settlement issues' to her. A spokesperson said on Saturday night that Mukesh would abide by whatever decision she takes.
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.
Unprecedented bribery charges, farewells, separation, failed union, monumental mergers and record-breaking IPOs, along with a healthy dose of online happenings in the form of spat and lessons in customer care, corporate India saw it all in 2024.
An end to the bitter seven-month old battle between the Ambani brothers for the ownership of the Reliance business empire appeared imminent and an announcement about the settlement is likely to be made on July 6, the third death anniversary of their
Even as regulatory focus has zeroed in on foreign e-commerce giant Amazon, a domestic retail giant has been created almost below the radar in Reliance Retail (RR), one of the most crucial businesses for the group's future. From doorstep delivery of groceries, apparels to branded jewellery, medicines, toys, furniture to high street retailing, RR's presence in the world's fourth largest consumer market is just one part of the story.
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.
In its latest issue, the weekly magazine takes a close look at the lifestyle of the two Ambani brothers as part of a survey of the leading business families of Asia.
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.
On Monday, Ambani had said the Reliance group was open to join hands with Bharti Airtel for improving telecom network for 4G services in Punjab.
What do you think will happen to the Reliance Group now? Will the family split? Or will the brothers unite to emerge stronger than ever? Tell us.
Billionaire Mukesh Ambani on Monday laid bare the succession plan at India's most valuable company, identifying twins children Akash and Isha for telecom and retail leadership, and youngest son Anant for new energy unit. He, however, insisted he isn't retiring yet and will "continue to provide hands-on leadership as before". At the annual shareholders' meeting of Reliance Industries Ltd, he said the robust architecture that he has announced will ensure the firm remains "a unit, well-integrated and secure institution even as it develops existing businesses and adds new growth engines."
The long-overdue consolidation makes indebted RCom an even more attractive partner for a soon-to-launch upstart led by older brother Mukesh.
Mukesh Ambani has resigned from the board of his group's telecom arm, Reliance Jio and handed over the reins of the company to elder son Akash, a step seen as succession planning by the 65-year old billionaire. In a stock exchange filing, Reliance Jio Infocomm said the company's board at a meeting on June 27, "approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company." This comes after his father resigned with effect from close of working hours on June 27, it said.
There is a growing sentiment in the world and the global South in a way embodies it. But there's also political resistance, he said.
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
Is it is necessary to play divisive politics to succeed in the next general elections? asks Dr Sudhir Bisht.
Manchester City CEO Ferran Soriano said the group had been looking for years at soccer in India and the Indian Super League (ISL), which is currently in its sixth season.
Grandhi Rao shot into the limelight with his winning bid to privatize India's second-largest airport and a public offering that made him a billionaire. Now he has to live up to the hype.
Navil Noronha stepped out of the shadows to address the media for the first time during the company's recent IPO.
The list of the prestigious Padma Awards 2016 awardees is out and superstar Rajnikanth is set to be honoured with the nation's second highest civilian award, the Padma Vibhushan.
Ambani's holding group launched the Indian Super League, an elite competition of newly created teams, in 2014 with the aim of attracting investment and big global names, much like the Indian Premier League has in cricket. 'It was 100% a wasted opportunity'.
Ambani's $15 bn bet will upend Indian telecom
