Reliance Group Chairman Mukesh Ambani has admitted to differences with his brother Anil over 'ownership issues,' but said "they are in the private domain."
Anant Ambani, the youngest son of billionaire Mukesh Ambani and the first among three siblings to be appointed executive director on flagship Reliance Industries, will be paid Rs 10-20 crore salary annually plus a host of perks including a commission on company profits, according to a shareholder notice. While the richest Asian's all three children - twins Akash and Isha, and Anant - were inducted on board of the oil-to-telecom-and-retail conglomerate in 2023 as non-executive directors, the youngest of the three was in April this year appointed executive director of Reliance Industries Ltd.
It does three things kick-starts big-ticket consolidation, gets another serious industrial house into media and raises a clarion call for an independent (of the government) media regulator.
Reliance Industries (RIL's) annual report released on Sunday highlighted the company's focus on new energy solutions, with chairman and managing director (MD) Mukesh Ambani stating that the age of fossil fuels will not continue much longer. RIL has sought shareholders' approval to give Ambani another five-year term as MD till 2029 at nil salary. The recently demerged Jio Financial Services, which "will leverage the prowess of digital and retail businesses", was expected to be listed soon.
About 55 banks participated in the deal, making it the largest bank group for a syndicated loan in Asia so far this year.
Billionaire Mukesh Ambani-led Reliance Industries on Monday sold 85 lakh shares of Asian Paints for Rs 1,876 crore through an open market transaction.
Amid the ongoing controversy over limited mobility service by basic telecom operators, Reliance Industries asserted on Monday that it was keeping its telecom services in conformity with the licence conditions and said it wanted fair returns and was n
Mukesh Ambani's AGM speeches indicate a trail of forgotten promises and projects that have not ended up as envisaged.
Mukesh Ambani is also a member of the Prime Minister's Council on Trade and Industry.
Billionaire Mukesh Ambani on Wednesday pitched for using the USO Fund to subsidise smartphones for select groups to help penetrate the digital revolution and said India should make the rollout of 5G or the fifth-generation technology standard for broadband cellular networks a national priority. As much as 5 per cent of the licence fee paid by telecom operators goes to the Universal Service Obligation (USO) Fund, which was set up in April 2002 for achieving universal service objectives by providing access to telephone services in rural and remote areas and creation of infrastructure for mobile services and broadband in these areas. However, according to the CAG, less than half of the funds so collected are transferred for the said purpose.
Reliance Industries Ltd, whose offering of rock-bottom tariffs shook up the telecom industry, is looking to repeat the feat in the green energy business, where its billionaire chairman Mukesh Ambani sees promise to outshine all existing growth engines in 5-7 years. Having pledged Rs 6 lakh crore on green energy, Ambani says RIL will scale up investments in this business which will start going live in the next 12 months. "Over the next 12 months our investments across the Green Energy value chain will gradually start going live, scaling up over the next couple of years," Ambani, chairman and managing director of RIL, said in the company's latest annual report.
'Instead of one or two families controlling 10% to 15% of GDP, it has to be broad based. Then, the resilience of the economy also will be higher.' 'Then, if something happens to one business, it will not hurt the economy badly.'
US sanctions against two of Russia's largest oil companies are expected to impact Reliance Industries' crude imports from Russia, while state-run refiners may continue purchases through intermediary traders for now.
Reliance Industries Chairman Mukesh Ambani worshipped at the Kamakhya temple in Guwahati on Tuesday, February 25, 2025.
Equity benchmark indices Sensex and Nifty fell on Friday, extending their downward journey to the third day, as investors continued to reel under pressure caused by the imposition of high tariffs and relentless foreign fund outflows.
In the previous fiscal year, he drew a Rs 15 crore salary from the company -- the same as in the previous 11 years.
Dhirubhai may or may not have owned the government; it would seem his son wants to own the market, notes T N Ninan.
No comments could be obtained from the spokespersons of either Reliance Industries Limited or Anil Dhirubhai Ambani Group.
Top business house Reliance Industries has given its chief Mukesh Ambani, the country's richest person and presumably top-paid executive, a hefty pay hike of about 45 per cent to take his annual remuneration to over $10 million. Mukesh Ambani, chairman and managing director of Reliance Industries, got a total payout of Rs 44.02 crore (Rs 440 million) in financial year 2007-08, marking an increase of about Rs 13.5 crore (Rs 135 million) from the previous fiscal.
In a curious move, Reliance Industries' (RIL) executive director and Mukesh Ambani's trusted aide PMS Prasad pledged 600,000 shares of the company last month, which is 93.75 per cent of the total shares he owns in RIL. Prasad owned a total of 640,000 RIL shares and his compensation stood at Rs 11.15 crore in FY20.
Billionaire businessmen Mukesh Ambani and Azim Premji will be meeting US President Barack Obama on Friday.
Amidst the ongoing war of words between the Ambani brothers over the issue of pricing of gas, Mukesh Ambani, chairman, Reliance Industries Ltd, on Tuesday met TKA Nair, Principal Secretary to the Prime Minister, at the latter's office in the South Block.
The richest Asian Mukesh Ambani is flying to Doha to meet US President Donald Trump, his second meeting since Trump returned to presidency in January this year.
Within days of being named richest resident Indian by the US magazine Forbes, Reliance Industries Chairman Mukesh Ambani on Friday termed the hype over list of billionaires from the country as 'maya' (illusion). "There was much hype over the list of billionaires that India has thrown up. . . (but) this is a deceptive distraction," the head of the country's most valued corporate group said, while referring to the Forbes' worldwide billionaire list that included 53 Indians.
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.
Complimenting West Bengal government, Mukesh Ambani said, "We have got all the approvals in a time-bound manner."
The Mukesh Ambani-controlled Navi Mumbai SEZ Pvt Ltd has been charged with indulging in illegal land-filling activity by the tehsildar of the Panvel taluka. Navi Mumbai SEZ is developing a Special Economic Zone over 2,000 hectares in association with Cidco, the Maharashtra government's industrial and township development arm. When contacted, D L Kedare, the tehsildar of the Panvel taluka, said the machinery at the two sites (Ulve and Roadpalli) has been confiscated.
Who else will take on the might of Microsoft, Google, and Amazon if not the Adanis, Ambanis, Birlas, or Tatas?, asks R Jagannathan.
The letter, delivered by an unidentified person to Ambani's personal staff in a sealed envelope at his Maker Chambers office on February 24, also said IM would damage his 27-storey mansion 'Antilia' on Altamount Road, a police officer said on condition of anonymity.
The university is expected to match the standards of institutions like Harvard, Stanford, and Oxford.
Anil Ambani on Wednesday produced much mirth at an investment meet here when he greeted his elder brother Mukhesh Ambani.
'You must be good at using AI as a tool of learning but do not give up your own critical thinking.'
Reliance Industries chairman Mukesh Ambani has overtaken NRI steel tycoon Lakshmi Mittal to become the richest Indian in the world. Ambani's net worth has soared past $50 billion.
Wants to achieve sales of Rs 40,000 - 50,000 crore.
Reader Ananth Kamal sent us this photograph from New Jersey, USA.
Stanford University of US has commended Mukesh Ambani for his decade long support to students.
Thousands of devotees gathered in Mumbai to bid farewell to Lalbaugcha Raja and other Ganesh idols, marking the end of the 10-day Ganesh festival. Security was tight following a threat message.
India's richest man Mukesh Ambani celebrates yet another milestone todayhe turns 50!
