'Govt to lose Rs 40,000 crore due to RIL's escalating costs'.
In what could be a coincidence, the two Ambani groups have separately approached the Securities and Exchange Board of India for settlement of probes by the regulator in two separate cases of alleged violation of trading regulations.
Investment are made in Fixed Maturity Plans and other debt schemes.
The Reliance Industries Ltd board, under the chairmanship of Mukesh Ambani, on Monday fully supported the buyback of shares brushing aside the criticism and objections raised by vice-chairman Anil Ambani
Industrialist Anil Ambani on Wednesday met key ministers and senior government officials in New delhi, a day after he accused the Union oil ministry of helping the Mukesh Ambani-run RIL renege its commitment on supplying gas to his group firm.
Anil Ambani group on Monday said the oil ministry's interference in marketing and pricing dampened investor interest in India's auction of oil and gas blocks and its chairman had warned the Prime Minister about the same.
The anxiety among investors over the outcome of the bitter battle between Mukesh Ambani-led RIL and his younger brother Anil Ambani group on gas came to an end on Friday, with the Supreme Court ruling that the government had the last word.
Mumbai police's elite crime branch has come under fire from a special court for its "biased" probe into the alleged sabotage of business tycoon Anil Ambani's helicopter.
Pointing out to the 133-acre Dhirubhai Ambani Knowledge City on the outskirts of the financial capital, he said there is huge realty play opportunity that RCom's erstwhile corporate headquarters possesses, and pegged the potential value creation at the site at Rs 25,000 crore.
The opposition does not have any issue left so it is raking up Rafale deal issue, Rajnath Singh said.
CBI had to cross-examine him as Ambani 'changed his statement'.
The Reliance Infocomm launch, an aggressive advertisement and the thrust into varied areas spell out the AmbanisÂ’ big dream. But the absence of Anil Ambani at the launch has puzzled many, says Sucheta Dalal.
Mukesh and Anil Ambani have yet again made it to a list of richest people compiled by Forbes, only this time the recognition has been bestowed on them because of their running feud. "Sometimes fighting has a silver lining, as has been the case for Indian brothers Mukesh and Anil Ambani," the US business magazine wrote about the two siblings in a report on the latest list - 'Billionaire Family Feuds'.
The battle between the Ambani brothers flared up again today -- this time over the Anil Dhirubhai Ambani Group's (ADAG's) bid to seal a merger deal with South African telecom company, MTN.
India is considering allowing new private sector banks, including by industrial houses, and a roadmap for the same could be announced in the annual Union Budget to be presented later this month.
The star-studded, pre-wedding festivities of Radhika Merchant and Anant Ambani spilled over to Day 3, as celebs continued to have a grand time in Jamnagar.
Chinese banks -- China Development Bank, China Exim Bank and Industrial and Commercial Bank of China (ICBC) -- will get a lion share of 30 per cent or Rs 7,000 crore in RCOM/RTL/RITL resolution plan, with the DoT getting nothing if the proposed plan goes ahead.
The 'Pran Pratishtha' of the idol of Ram Lalla -- the childhood form of Lord Ram -- will be attended by people from all walks of life, including representatives of major spiritual and religious sects of the country and of various tribal communities and prominent personalities.
Anil Ambani group counsel Mukul Rohtagi said he had no objection.
The director leaves Viacom's Paramount studio for a $1.2 billion deal to launch his own filmmaking company with the India entertainment group.
Besides paying his respects to Ram Lalla, the megastar, who was accompanied by his son Abhishek, was seen rubbing shoulders with quite a few dignitaries.
Mukesh and Anil will announce two more infrastructure-sharing agreements by mid-June.
Stepping up the attack on his elder brother Mukesh Ambani, Reliance Industries' vice-chairman and managing director Anil Ambani on Thursday said shares of all group companies were "usually under-valued" because of absence of corporate governance and
Welcoming the amendments proposed by the government to its petition on the Ambani gas row, Anil Ambani on Tuesday said his group company RNRL's dispute with Mukesh-led RIL was commercial and pertained to the demerger of the Reliance businesses.
Jamnagar, a city in Gujarat, got a ringside view of how Bollywood parties when stars got together for the pre-wedding ceremony of Anant Ambani and Radhika Merchant on Friday.
The junior Ambanis - Anmol and Anshul - were inducted on the board to respect the wishes of the shareholders who during the recent AGM asked the management to get fresh blood into the company by bringing them on board.
In a new twist to the ongoing battle between the Ambani brothers, younger sibling Anil Ambani on Tuesday questioned the role of Nikhil Meswani
Presenting pics from Akash Ambani and Shloka Mehta's grand wedding reception hosted in Mumbai.
Reliance Industries Ltd chairman and managing director Mukesh Ambani met Prime Minister Manmohan Singh
The latest Ambani-sibling fight has now become a political battle.
Uday Warikar and Balraj Phevar, employees of Air Works India Engineering Pvt Ltd that maintained Ambani's helicopter, were arrested on Monday and sent to police custody till May 15. The two were technical helpers at Air Works.
In a major development, the two Ambani brothers -- Mukesh and Anil -- on Sunday decided to bury their differences and create an environment of harmony, co-operation and collaboration between their groups. "All existing non-compete agreement between the two groups executed in January 2006 cancelled," the Anil Ambani group said in a statement. The harmony comes within a few days of the Supreme Court declining to give any relief to the younger brother in the gas dispute.
The revised GSMA was signed pursuant to the Supreme Court's May 7 judgement, turning down RNRL's demand for cheap gas from RIL based on a family agreement.
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