The Bombay high court on Monday directed the Income Tax department not to take any coercive action against Reliance Group chairman Anil Ambani till November 17 on a show cause notice issued to him seeking to prosecute him under the Black Money Act. The I-T department had issued the notice to Ambani on August 8, 2022 for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts. The department has charged Ambani (63) with "wilful" evasion, saying he "intentionally" did not disclose his foreign bank account details and financial interests to Indian tax authorities.
Move over Sydney Opera House, Theatre Royal Drury Lane, Mumbai has a new entertainment venue that will rival many a global address.
Surrey confirm deal with Reliance, keep majority stake in Oval Invincibles
Ahmedabad-based Torrent Group has completed the acquisition of a majority 67 percent stake in Indian Premier League (IPL) franchise Gujarat Titans.
Tina and Anil Ambani's elder son Jai Anmol tied the knot with Khrisha Shah in Mumbai in a star-studded affair.
Bollywood's women dazzled a little extra at the Mangal Utsav ceremony for Radhika Merchant and Anant Ambani on July 14 at Mumbai's Jio Convention Centre.
Aishwarya Rai and Abhishek Bachchan made sure to support daughter Aaradhya as they watched her performance at the Dhirubhai Ambani School's annual day event.
Tech billionaire Elon Musk thanked Telecom Minister Jyotiraditya Scindia for not agreeing with Indian tycoons Mukesh Ambani and Sunil Bharti Mittal on auctioning spectrum for satellite services, saying he is looking forward to serving Indians. Reacting to Scindia's statement that satellite spectrum will not be auctioned, Musk, in a post on X, said, "much appreciated! We will do our best to serve the people of India with Starlink".
American chip behemoth Nvidia Corp and India's retail-to-refining giant Reliance Industries on Thursday unveiled their goal to build a formidable AI computing infrastructure in the country. Highlighting the tie-up, Jensen Huang, founder and CEO of Nvidia, made a broader appeal: India should focus on "manufacturing" AI, rather than racing to build semiconductor fabs. As part of this collaboration, Nvidia will reportedly supply its Blackwell AI processors to power Reliance's one-gigawatt data center in Jamnagar, Gujarat.
India's biggest telecom players, Bharti Airtel and Reliance Industries-backed Jio Platforms, will soon bring billionaire Elon Musk-led SpaceX's Starlink satellite services to India. According to analysts, the move could boost India's tele density, especially in the rural areas, and may be an opportunity for investors to add the two stocks on dips for long-term gains
Sabyasachi's 25th anniversary was a dazzling celebration of artistry and heritage.
Comedian Kunal Kamra has been granted interim anticipatory bail by the Madras High Court in a case filed against him for allegedly making defamatory remarks against Maharashtra Deputy Chief Minister Eknath Shinde during a stand-up comedy show. Kamra, who resides in Tamil Nadu, was summoned by the Mumbai Police and feared arrest, prompting him to seek bail from the Madras HC. The court granted him bail until April 7, on the condition that he executes a bond to the satisfaction of the judicial magistrate at Vanur in Villupuram district, Tamil Nadu.
Owing to a big rise in the market capitalisation of group companies such as Adani Green Energy and Adani Transmission, the group promoters, the Gautam Adani family, have closed the wealth gap with Mukesh Ambani, the promoter and owner of Reliance Industries Ltd (RIL). Ambani continues to top India's billionaire league table. The Ambani family's net worth was estimated to be Rs 8.06 trillion (around $108 billion) on Tuesday against the Rs 6.87 trillion (around $92 billion) of the Adani family.
Richest Indian Mukesh Ambani on Tuesday mentioned about leadership transition at his energy-to-retail conglomerate, saying he wants the process to be accelerated with seniors, including him, yielding to the younger generation. Ambani, 64, who has previously not spoken about succession plans at the country's most valuable company, said Reliance is "now in the process of effecting a momentous leadership transition." Ambani has three children -- twins Akash and Isha, and Anant.
Reliance Industries chairman Mukesh Ambani has overtaken Adani Group chairman Gautam Adani to become the richest Indian in the world with a net worth of $84.3 billion, according to Forbes Real-time billionaire list for 2023. Ambani overtook Adani after the Reliance Industries chairman's assets went up 0.19 per cent with an increase of wealth by $64 million while Gautam Adani's assets went down by 4.62 per cent with the industrialist's weath pegged at $84.1 billion according to the real time tracker of Forbes of 5 pm EST on Tuesday. Adani who figured among the top three billionaires in the world has dropped in the ranking to number 10 just below Mukesh Ambani.
Pietersen gives thumbs up to IPL owners' investment in English teams
Reliance Industries Ltd on Thursday reported a 7.4 per cent rise in its December quarter net profit, as its retail business rebounded and telecom earnings rose. Its consolidated net profit of Rs 18,540 crore, or Rs 13.70 per share, in October-December - the third quarter of April 2024 to March 2025 fiscal (FY25) - compared to Rs 17,265 crore, or Rs 12.76 a share, in the same period a year back, according to a stock exchange filing by the company.
Many of the pre-wedding functions have taken place at the Ambani home, Antilia.
In the previous fiscal year, he drew a Rs 15 crore salary from the company -- the same as in the previous 11 years.
Reliance Industries chairman Mukesh Ambani and his wife Nita Ambani topped a list of power couples dominated by celebrity pairs from Bollywood, according to the annual survey results released by the Indian Institute of Human Brands (IIHB) in Mumbai on Wednesday. Ranveer Singh and Deepika Padukone followed the Ambanis at No 2, and Virat Kohli and Anushka Sharma occupied the third position. Five other couples from the corporate world made it to the list - Infosys founder Narayana Murthy and Sudha Murty at 10th, Adar and Natasha Poonawala (Serum Institute) at 11th, Azim and Yasmeen Premji (Wipro) at 16th, Anand and Anuradha Mahindra (Mahindra Group) at 19th, and Kumar Mangalam and Neerja Birla (Aditya Birla Group) at 20th position.
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.
After covering the biggest wedding of the year, Rediff.com's Hitesh Harisinghani was invited to the reception specially held for the media.
The Shri Ram Janmabhoomi Teerth Kshetra Trust has sent invitations to 7,000 people, including 3,000 VVIPs, for the consecration.
India needs another shot of difficult reform, of the kind only possible at gunpoint. Mr Trump holds that gun to our heads now. A drastic reduction in tariff protection, other elements of sarkari wet-nursing will force entrepreneurial India to become competitive again, argues Shekhar Gupta.
Media conglomerate Viacom18 Media has become a subsidiary of Reliance Industries effective December 30, 2024, after the conversion of over 24.61 crore compulsorily convertible preference shares (CCPS) into an equivalent number of equity shares. Earlier, Viacom18 Media had been a material subsidiary of Network18 Media & Investments Ltd, a subsidiary of Reliance Industries Ltd (RIL).
Seeking an apology from social media giant Meta for 'tarnishing' India's image, Bharatiya Janata Party MP Nishikant Dubey, who heads the Parliament's Standing Committee on Communications and Information Technology, said on Tuesday that the panel will summon the firm following its chairman's comments that India's ruling dispensation lost the Lok Sabha election last year.
People say Rahul Gandhi does not feel cold even in winter, this is because "he is wearing the shield of truth," the Congress leader said.
While GBP 50 million is earmarked for grassroots and recreational cricket, the 18 English county teams will get a share of GBP 470 million with larger pie allocated for those clubs that don't own a 'Hundred Franchise'.
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'Anant, please continue to cherish and care for Radhika with the same love and kindness you show to everyone around you.'
At the start of the auction on Sunday, Punjab Kings had the highest funds at Rs 110.5 crore, which decreased to Rs 10.9 crore before Day 2 on Monday.
The first day of being Mrs Radhika Ambani was certainly magical, and the bride looked even prettier at the Shubh Ashirwad function on July 13, where she and her bridegroom Anant Ambani were blessed.
Is all well between Aishwarya and Abhishek?
Mukesh Ambani, who took over the reins of Reliance Industries Ltd (RIL) after the sudden demise of his legendary industrialist father Dhirubhai Ambani, completes 20 years at the helm during which the company saw a 17-fold jump in revenues, 20-times surge in profit and has become a global conglomerate.
Ananya and Hardik reportedly danced to the hit song Badtameez Dil from the movie Yeh Jawaani Hai Deewani.
Sticking to tradition, she wore her family jewels -- the same ones her nani, mother and sister had worn to their weddings.
The Shubh Ashirwad ceremony was organised by Nita and Mukesh Ambani, and the gathering saw a distinguished assembly of spiritual leaders.
The estimated costs of these weddings start from Rs 100 crore and go up to Rs 700 crore.
The combined wealth of India's dollar billionaires is now equivalent to 33.81 per cent of India's nominal GDP.
BCCI ethics and ombudsman, served a notice to Ambani after receiving a complaint from former MPCA member Sanjeev Gupta.
