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.
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.
Presenting pics from Akash Ambani and Shloka Mehta's grand wedding reception hosted in Mumbai.
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.
Reliance Industries Ltd vice chairman Anil Ambani on Wednesday fired another salvo at his elder brother Mukesh, accusing a key director of one of the group companies of sullying the group's image.
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.
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 on Wednesday produced much mirth at an investment meet here when he greeted his elder brother Mukhesh Ambani.
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.
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
Responding to comments sought by the Prime Minister's Office on a letter from industrialist Anil Ambani, the ministry last week wrote that the family MoU was clearly against the provisions of the Production Sharing Contract.
Reliance Comm wants all of Hutch Essar at one go.
As if rejecting the truce offer made by Anil Ambani to estranged brother Mukesh, Reliance Industries Limited sources on Sunday said this was yet another attempt to present corporate dispute as a family feud.
Changing market dynamics have led to the Tata group overtaking the combined market wealth of the two Ambani groups put together.
Six months after an infrastructure deal with brother Anil Ambani, Mukesh Ambani has now joined hands with Sunil Mittal.
Anil Ambani severely criticised the attitude of GSM operators and raised the issue of returning the extra spectrum again.
Three special economic zones promoted by Mukesh Ambani and Anand Jain in Navi Mumbai are among among 36 proposals that got cleared by the Board of Approval on Friday.
Anil Dhirubhai Ambani Group on Saturday adopted a new corporate identity with its chairman terming the new logo and look as a 'leap forward' to reflect the spirit of 'new resurgent India'.
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.
Here's a quick at the two cousins, Akash and Anmol.
RIL, ADAG cancel 2006 non-compete agreements, hope to work in harmony
Even four years after splitting the Reliance empire, the Ambani brothers still seem to be washing dirty linen in public: the latest battle is over gas pricing.
One of the country's biggest corporate court battles, between Ambani brothers Mukesh and Anil, had a celebrity spectator -- King of Bollywood Shah Rukh Khan.
Reliance Industries chief Mukesh Ambani on Thursday met Finance Minister P Chidambaram and other senior officials in the ministry.
Mukesh Ambani gave a fascinating account of how the company, which will soon account for around 40 per cent of the country's oil & gas production, can change the energy landscape of the country. It can also potentially lead to a new gas-based economy, he said. Terming natural gas as the 21st century fuel, Ambani said India now has the opportunity to leapfrog the use of clean energy and directly benefit the people.
Out of the world's 10 wealthiest CEOs, four positions have been grabbed by Indians -- Lakshmi Mittal is ranked at the second place followed by Mukesh Ambani (6th place), Anil Ambani (7th) and Wipro chief Azim Premji (9th). The list has been topped by Warren Buffet, the chief executive of Berkshire Hathaway with a fortune of $52 billion.
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 guests have started coming in.
In another twist to the feud between the Ambani brothers, the younger sibling Anil's Group is understood to have filed a defamation suit for a whopping Rs 10,000 crore (Rs 100 billion) against elder Mukesh Ambani for remarks purported to have been made by him in an interview with the New York Times several weeks ago.
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.
The markets had been speculating for weeks, but on Monday corporate India's first family got into it as well.
The network sharing agreement is the start of a new era of partnership between the brothers. More deals on sharing towers and intra-city fibre network are likely.
RIL, owned by elder brother Mukesh Ambani, had acquired the Mumbai team last month for $111.9 million (about Rs 448 crore) for 10 years. Anil Ambani chose to stay away from the bids for the eight teams last month.
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