Reliance Infra has sent a letter to Reliance Industries on September 24 informing the of the shutdown of the 220MW power plant in Andhra Pradesh for maintenance to September 28 instead of a day earlier.
Justice A P Deshpande, who is hearing the petition by Anil Ambani-owned Reliance Transport and Travels Ltd staking claim over a lease of land for hangar, adjourned the hearing after its counsel sought time to inspect the documents on the lease agreement entered between Reliance Industries and Airport Authority of India. "We want to inspect the correspondence by RIL and file a rejoinder," advocate for RTTL Cyrus Bharucha told the court.
When the markets nosedived to 12,961.68 points on July 1, the country's richest man (read Mukesh Ambani) and his family lost more than Rs 5,000 crore (Rs 50 billion), all in a single day.
The role and responsibility of Anil Ambani as vice chairman and managing director of Reliance Industries appears to have become another source of acrimony between him and his elder brother Mukesh Ambani
Reliance Retail said it has decided to discontinue its non-vegetarian food offering 'Delight' with immediate effect and would focus on vegetarian offerings only within retail portfolio.
The list acknowledges the 'inroads women are making in the business world'.
Reliance reported record pre-tax profit from its retail and telecom businesses. The two now account for nearly 32 per cent of EBITDA, up from close to 25 per cent previously.
The fiercest corporate battles in India probably have been fought by the Ambanis. Dhirubhai Ambani, the founder of Reliance Industries, first locked horns with Bombay Dyeing's Nusli Wadia over polyester. Then, there was a corporate battle with Larsen & Toubro.
The board of directors have proposed a dividend of Rs 3.50 per share on the face value of Rs 10 per share to the shareholders.
This is the highest any Indian company has been ranked on the Fortune Global 500 list.
Mukesh Ambani said the Digital India initiative has the potential to transform the lives of 1.2 billion Indians using the power of digital technology.
Mukesh Ambani's Reliance Industries Ltd is preparing to apply for permission to set up a nation-wide broadband telecom network for internal (non-commercial) use.
The group is set to become the second largest Indian corporate in terms of market value.
Shares of RIL surged 4.42 per cent to its all-time closing high of Rs 1,082.20 on BSE.
Surajeet Das Gupta explains why Mukesh Ambani's target is by no means impossible.
Prime Minister Manmohan Singh is likely to discuss the impact of global demand contraction on Indian economy with industry leaders in New Delhi on Saturday, ahead of the G-20 summit in London next week.
The war of words between the two Ambani camps intensified on Sunday, with Anil Ambani's supporters claiming that Mukesh Ambani had rejected mediatory moves by his mother Kokilaben and sisters Dipti and Neena
After nearly five months wait, the government on Friday cleared UK's BP Plc buying 30 per cent stake in most of Reliance Industries' oil and gas blocks, including the showpiece KG-D6 gas fields, for $7.2 billion.
'Govt to lose Rs 40,000 crore due to RIL's escalating costs'.
Resuming arguments over its dispute with Anil Ambani Group firm Reliance Natural Resources Ltd, senior counsel Harish Salve said it was RNRL which had in 2007 argued that marketing freedom cannot be allowed to the Mukesh Ambani-run firm and asked the government to frame Gas Utilisation Policy.
Billionaire Mukesh Ambani's Reliance Industries on Friday reported a 43 per cent jump in its September quarter net profit as its businesses from oil to retail fired on all cylinders, growing both sequentially and on a year-on-year basis. Net profit of Rs 13,680 crore, or Rs 20.88 per share, in July-September compared with Rs 9,567 crore, or Rs 14.84 a share, in the same period a year back, the company said in a statement. While better realisation and a sharp rise in crude oil prices benefited the old-economy business, retail saw footfalls at stores reach pre-Covid levels and per user earning from telecom business rose.
Billionaire Mukesh Ambani's Reliance Industries Ltd climbed two spots to No. 53 on Forbes' latest Global 2000 list of public companies worldwide. Forbes Global 2000 ranks the largest companies in the world using four metrics: sales, profits, assets and market value, Forbes said releasing the 2022 ranking of the world's top 2,000 companies. Reliance is the top-ranked Indian firm on the list, followed by State Bank of India at No. 105, HDFC Bank at No. 153 and ICICI Bank at No. 204.
A friend of Mukesh Ambani should not be petroleum minister
Mukesh Ambani-led Reliance Industries Ltd wants to merge four of its associate companies in real estate with its main property development subsidiary, Reliance Commercial Land and Infrastructure Ltd, under the scheme of amalgamation proposed before the Bombay High Court.
The country's top-10 firms lost over Rs 21,000 crore (Rs 210 billion) from their market capitalisation in February, with Reliance Industries alone accounting for close to half of the value erosion from the elite club.
While existing players are expected to first drop prices, acquisition of smaller firms by larger ones is likely in future
Billionaire Mukesh Ambani-led Reliance Retail on Thursday said it has acquired sole control of 25-year-old search and discovery firm Just Dial. The firm's subsidiary Reliance Retail Ventures Ltd had in July announced a deal to buy a controlling stake in Just Dial for Rs 3,497 crore. Further to that announcement, "RRVL has now taken sole control of Just Dial Ltd in accordance with the SEBI Takeover Regulations with effect from September 1, 2021."
Led by a $6.5 billion surge in personal net worth on Tuesday, Gautam Adani, chairman of the Adani Group, is back in the top 20 of the world's richest list and is now ranked 19th globally. Adani is also now India's second richest with a net worth of $66.7 billion as of Tuesday, per the Bloomberg Rich List, while Mukesh Ambani, chair of Reliance Industries, is ranked number one in India and number 13 in the world with a net worth of $89.5 billion.
Reliance Industries Ltd, India's sole private sector refiner, on Monday sought Petroleum Minister Ram Naik's help in getting public sector oil companies to buy fuel from its 33 million tonne Jamnagar refinery in Gujarat.
Shares of Reliance Industries plunged on Friday after a court ruling that the Mukesh Ambani-led company can not sell its KG basin gas to any company except NTPC and Anil Ambani group's Reliance Natural Resources.
The 20 richest people on the planet are worth a staggering USD 1.2 trillion, a sum roughly equivalent to the annual economic output of Mexico.
Every service provider, say analysts, now needs to make a much larger investment, and therefore needs a much larger share of the market to be profitable.
The capital market regulator has accused Reliance Petroinvestments of buying shares of Indian Petrochemicals Corp Ltd in early 2007 just before it declared an interim dividend and announced the merger of IPCL with RIL.
In a mega Rs 50,000-crore deal, the Anil Ambani group on Sunday announced merger of RNRL with another group firm Reliance Power, which would now become a direct beneficiary of the gas deal signed with Mukesh Ambani-led Reliance Industries.
Ten billionaires including Mukesh Ambani, Sunil Mittal are in the world's richest list.
