Sources say Ambani may be financing a part of the project in his individual capacity rather than through any of his group companies.
The list was topped by Oracle's Larry Ellison last year.
Rupert Murdoch's News of the World tabloid had ordered the hacking of phones of 100 high-profile people, including Prince William and a host of politicians and celebrities close to the royal family, a private investigator has claimed.
The arrests were made under 'Operation Elveden', which is investigating allegations of inappropriate payments to police and public officials by news organisations.
America's Federal Bureau of Investigation has started inquiry into allegations that media mogul Rupert Murdoch's News Corp tried to hack into the phones of 9/11 terror attack victims, media reports have said.
Media baron Rupert Murdoch's aide and the former editor of the News of the World, Rebekah Brooks, and her husband Charlie were arrested on Tuesday along with four others in connection with the phone hacking scandal.
An ongoing investigation by Scotland Yard into the phone-hacking at the now defunct News of the World tabloid has said that there were at least 5,795 victims, including many celebrities, whose phones were illegally accessed for information.
An undercover reporter from the News of the World, the British newspaper at the heart of a phone-hacking scandal which has embroiled Rupert Murdoch's News Corp, denied Wednesday he used the practice to break a story about cricket match-fixing.
Ahead of India visit of News Corp chief Rupert Murdoch, the proposal for the direct-to-home venture by Star is shuttling between ministries raising doubts whether the Rs 1,600 crore
A serving member of the armed forces was arrested along with his wife on Thursday by the British police in connection with an investigation related to phone-hacking at media baron Rupert Murdoch's now-defunct News of the World tabloid. The man, 42, and the woman, 32, were arrested by the Scotland Yard as part of Operation Elvedev -- which is investigating allegations of inappropriate payments to police and public officials by news organisations.
Relatives of 9/11 victims will meet with the United States attorney general to discuss allegations that a newspaper owned by Rupert Murdoch's News Corp targeted phone conversations and voice mails of victims of the 2001 terrorist attack, a lawyer representing family members said.
England Prime Minister David Cameron's former top media advisor Andy Coulson was arrested on Wednesday by the Scottish police over allegations of perjury. Coulson, 44, was detained at his London home early today morning and was taken to Glasgow
Football star Wayne Rooney and former Prime Minister Tony Blair's wife Cherie are among a new group of 46 people suing over alleged phone-hacking by Rupert Murdoch's News of the World newspaper, court documents showed on Friday.
The Star Group beat back competition from Multi Screen Media (Sony) to bag the six-year broadcast and digital rights for India's international cricket matches at home and domestic events, like Ranji Trophy, Duleep Trophy and the Irani Trophy. Star, in collaboration with ESPNCricinfo, bagged the broadcast, Internet and mobile rights in India for a period of six years, starting July 2012 till March 2018.
A shadowy Indian contact offered the agent of several Pakistan cricketers $1 million to ensure they threw a Test match against England, a London court heard Tuesday.
For those who have been observing the phenomenal growth of Sun TV in the last decade and more, its acquisition of the Indian Premiere League franchise for Hyderabad will come as no surprise, says S Murari
British Prime Minister David Cameron will be grilled by Parliament on Wednesday about a phone-hacking scandal that has rocked the British establishment. Cameron cut short his visit to Africa on Tuesday to join parliamentarians in debating the phone-hacking issue and answer lawmakers' scrutiny over his links to Rupert Murdoch's media empire in a special session of House of Commons.
Heads continued to roll in the News of the World phone hacking scandal as Rupert Murdoch's top executive and Dow Jones CEO Les Hinton became the latest high-profile personality to resign from his post. Hinton was the chief executive of Dow Jones, publisher of the Wall Street Journal. Rebekah Brooks, chief executive of the media group's UK newspaper arm News International had quit on Friday.
Digital media entity Specific Media would team up with Grammy-award winning singer Justin Timberlake to buy MySpace.
The two latest arrests were made under Operation Elveden, which is probing corrupt payments by journalists to public officials for information to be used in news stories.
Rebekah Brooks, the former top executive of News International and a close aide of Rupert Murdoch, and her husband were bailed on Wednesday, along with four other persons charged with perverting the course of justice in connection with the phone hacking scandal.
Rebekah Brooks, a close aide of media baron Rupert Murdoch and former chief executive of News International, will face charges of perjury in connection with the phone-hacking scandal, the Crown Prosecution Service said on Tuesday.
The financial turmoil may have hit them hard but many of the American billionaires, including the likes of media baron Rupert Murdoch, saw their paper wealth climb by millions of dollars as the stock market soared in little over two months.
India's pay-television industry, a magnet for foreign investors for the past two years, is facing a shake-out amid intense competition during the economic crisis.
Scotland Yard is wading through 300 million News International emails as part of its widening probe into phone-hacking at Rupert Murdoch's 'News of the World' tabloid.
Temasek is exiting by selling its 10 per cent stake while Network Digital Distribution Services will pare part of its 30 per cent stake.
There was more bad news for Rupert Murdoch's media empire in Britain with the revelation that the now defunct tabloid News of the World hacked the phone of the mother of another murder victim Sarah Payne.
Nine years after parting ways, Prannoy Roy and Rupert Murdoch are again coming together for a unique airtime sale and marketing alliance.
The 20 contenders for the title, short-listed by the BusinessWeek magazine, also included Apple Computer CEO Steve Jobs, media baron Rupert Murdoch and Google CEO Eric Schmidt.
As India will become an independent business unit, we will have to relocate the uplink of our channels from Hong Kong to here.
The police probing the phone-hacking issue on Tuesday arrested Stuart Kuttner, former managing editor of the now defunct News of the World tabloid of media mogul Rupert Murdoch, marking the 11th arrest in the case.
Media baron Rupert Murdoch's News International (NI) has announced that readers will have to pay to access the online content of its two flagship titles, The Times and The Sunday Times, from June.
The bid includes a commitment by ESPN Star Sports to spend $75 million to market the tournament, which is the international version of the popular Indian Premier League Twenty20 tournament.
Balaji Telefilms on Tuesday said it is ending a four-year old association with Star group under which an associate company of Rupert Murdoch-led global media conglomerate has been holding nearly 26 per cent stake in TV celebrity Ekta Kapoor-run entertainment content provider.
Rupert Murdoch's News Corp is in the early stages of talks about forming a consortium to acquire control of Formula One motor racing, according to a person familiar with the matter.
Microsoft has also approached other big online publishers to persuade them to remove their sites from Google's search engine
Internet major Yahoo's board of directors met on Friday to discuss Microsoft's takeover offer and to consider the option of a deal with Time Warner's AOL.The meeting follows a series of developments this week, which saw software major Microsoft threatening the internet giant with hostile takeover unless it accepts the deal within three weeks and Yahoo once again declining the offer.
The developer of iPhone news app sold his company Summly to Yahoo for millions.
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