News for 'mukesh-ambani'

'First Congress Candidate To Get Vote From A Thackeray'

'First Congress Candidate To Get Vote From A Thackeray'

Rediff.com9 May 2024

While the responses of the candidates were predictable, depending on which side they belonged to, an interesting point slipped through when Rahul Shewale cited the Dharavi Redevelopment Project as a scheme that would add to Mumbai's importance. No big infrastructural project in Mumbai, he said, could be successful without the Centre's nod.

Threat letter: Tight security at Ambani house

Threat letter: Tight security at Ambani house

Rediff.com26 Feb 2021

'It is basically a threat letter calling the planted explosives a 'trailer' and a warning to return with more preparations to assassinate the whole family later.'

Nath, Stalin, Raj Thackeray attend Uddhav's swearing-in

Nath, Stalin, Raj Thackeray attend Uddhav's swearing-in

Rediff.com28 Nov 2019

The event witnessed the who's who of Maharashtra politics -- including three former chief ministers of Maharashtra.

Janhvi's Stylist Walks The Red Carpet

Janhvi's Stylist Walks The Red Carpet

Rediff.com4 Apr 2023

The people who give stars their oomph.

Alia at Rishi Kapoor's prayer service

Alia at Rishi Kapoor's prayer service

Rediff.com13 May 2020

The prayer service was also attended by Karisma Kapoor, her parents Randhir and Babita, Shweta Bachchan Nanda and her daughter Navya Naveli.

'Ambani, Adani, Tata will move to Dubai if India imposes inheritance tax'

'Ambani, Adani, Tata will move to Dubai if India imposes inheritance tax'

Rediff.com8 May 2024

'Sweden removed the inheritance tax because many of the rich were fleeing. For example, the owner of IKEA had migrated out of Sweden'

Qatar sovereign fund in talks for stake in Reliance Retail

Qatar sovereign fund in talks for stake in Reliance Retail

Rediff.com26 Jul 2023

Qatar's sovereign wealth fund is in early discussions to buy a minority stake in billionaire Mukesh Ambani's rapidly expanding retail unit for about $1 billion (Rs 8,200 crore), sources said. The Qatar Investment Authority is keen on tapping the fast-growing Indian market and has entered into a discussion to buy about 1 per cent stake in Reliance Retail Ventures, sources with knowledge of the matter said. Talks, sources said, are at a preliminary stage and being led by an executive director on the board of parent Reliance Industries Ltd.

Is There Really No Alternative To Modi?

Is There Really No Alternative To Modi?

Rediff.com14 May 2024

'Are we so ready to believe that in this country whose virtues we constantly shout from the rooftops, there is no single person -- other than Modi -- in a minimum of 272 elected MPs with the talent and ability to lead this country?' asks Prem Panicker.

Ayodhya all set for grand consecration ceremony

Ayodhya all set for grand consecration ceremony

Rediff.com21 Jan 2024

The much-awaited Ram temple consecration will be held in Ayodhya on Monday in a grand ceremony with Prime Minister Narendra Modi attending the rituals, following which the shrine will be opened for the public a day later.

Antilia scare: Ex-cop Pradeep Sharma gets bail for wife's surgery

Antilia scare: Ex-cop Pradeep Sharma gets bail for wife's surgery

Rediff.com5 Jun 2023

The Supreme Court on Monday granted three weeks interim bail to former police officer Pradeep Sharma, who was arrested in connection with the Antilia bomb scare case and the killing of businessman Mansukh Hiran.

Reliance net profit rises 9%, planned shutdown at oil refinery subdues earnings

Reliance net profit rises 9%, planned shutdown at oil refinery subdues earnings

Rediff.com19 Jan 2024

Reliance Industries Ltd on Friday reported a 9 per cent rise in its December quarter net profit as a planned maintenance-induced weakness in oil business earnings was offset by stability in retail and telecom verticals. The oil-to-retail-to-telecom conglomerate's consolidated net profit of Rs 17,265 crore, or Rs 25.52 per share, in October-December - the third quarter of the current 2023-24 fiscal - was 9.3 per cent higher than Rs 15,792 crore, or Rs 23.19 a share, earning a year back, according to a company statement. Quarter-on-quarter, the profit was lower when compared to Rs 17,394 crore earnings in the preceding three months ended September 30.

When Rekha Gave A Bachchan A Hug...

When Rekha Gave A Bachchan A Hug...

Rediff.com3 Apr 2023

Glimpses of how the stars interacted at the NMACC opening.

Bernstein pegs RIL's stake in retail arm at $111 billion

Bernstein pegs RIL's stake in retail arm at $111 billion

Rediff.com26 May 2023

Global investment management firm Bernstein has pegged the enterprise valuation of Reliance Industries (RIL)'s 85 per cent stake in Reliance Retail at $111 billion, while valuing the Mukesh Ambani-led company's 66.5 per cent stake in telecom and digital platform arm Reliance Jio at $88 billion. Reliance Industries had earlier planned to list both its subsidiaries to unlock value for its shareholders but hadn't fixed any timeline. The report said that Reliance Retail had raised $6 billion by diluting a 10.1 per cent stake, while Jio Platforms raised $20 billion from investors by selling 33 per cent in 2020.

Ambani charts succession plan; hands over telecom business to son Akash

Ambani charts succession plan; hands over telecom business to son Akash

Rediff.com28 Jun 2022

Mukesh Ambani has resigned from the board of his group's telecom arm, Reliance Jio and handed over the reins of the company to elder son Akash, a step seen as succession planning by the 65-year old billionaire. In a stock exchange filing, Reliance Jio Infocomm said the company's board at a meeting on June 27, "approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company." This comes after his father resigned with effect from close of working hours on June 27, it said.

Dom's Take: India needs OXYGEN NOW!

Dom's Take: India needs OXYGEN NOW!

Rediff.com16 Apr 2021

Dominic Xavier wants Prime Minister Modi to know that India needs Oxygen NOW! and can't wait for hospitals to be set up.

India's Big Guns Firing On Capex Front

India's Big Guns Firing On Capex Front

Rediff.com13 Feb 2024

'Interim Budget has ignited the entrepreneurial spirit.'

Here's what Modi discussed with Biden

Here's what Modi discussed with Biden

Rediff.com23 Jun 2023

Kwatra briefed reporters on the outcomes of the second day of Modi's visit that began in Washington, DC with a grand ceremonial welcome on the South Lawn of the White House.

Ambani sets goals for children; cites Messi to explain leadership

Ambani sets goals for children; cites Messi to explain leadership

Rediff.com29 Dec 2022

Billionaire Mukesh Ambani has set targets for his three kids whom he has identified for takeover of telecom, retail and new energy business. Speaking at his father Dhirubhai's anniversary, celebrated as Reliance Family Day, he said the oil-to-telecom-to-retail conglomerate Reliance industries Ltd has embarked on a journey of comprehensive self-transformation. "The end of 2022 is when Reliance will have crossed the half-way mark of its Golden Decade.

Renewable energy: Avaada, others up the ante against conglomerates

Renewable energy: Avaada, others up the ante against conglomerates

Rediff.com24 Dec 2023

When Vineet Mittal first got into solar power, sometime around 2009, and was planting solar panels in Gujarat, renewable energy looked like a sector ripe for startups. Renewables were clearly the future of energy, and the big boys - Mukesh Ambani's Reliance, Adani Group, and the Tatas - were focusing much more on coal and petroleum. Little did Mittal know that things were going to change drastically.

Waze planned Ambani bomb scare to regain 'super cop' reputation

Waze planned Ambani bomb scare to regain 'super cop' reputation

Rediff.com8 Sep 2021

Mansukh Hiran was subsequently killed as Waze thought him to be the 'weak link' in the conspiracy, the NIA stated.

PIX: Alia-Ranbir party with the Ambanis

PIX: Alia-Ranbir party with the Ambanis

Rediff.com3 Sep 2019

Guests trouped out of Arpita Khan's party and into Mukesh Ambani's, on the other side of Mumbai.

What companies have promised to invest in Gujarat

What companies have promised to invest in Gujarat

Rediff.com10 Jan 2024

Prime Minister Narendra Modi on Wednesday said the world looks at India as an important pillar of stability, a trusted friend, an engine of growth in the global economy, a technology hub for finding solutions and a powerhouse of talented youth. He also said that in the rapidly changing world order, India is moving forward as 'vishwa mitra' (friend of the world). Speaking at the inauguration of the 10th edition of the Vibrant Gujarat Global Summit, which saw participation of state hea

Reliance to enter FMCG business this year

Reliance to enter FMCG business this year

Rediff.com29 Aug 2022

The country's largest retailer Reliance Industries on Monday announced that it will enter the fast-moving consumer goods (FMCG) business this year as part of its expansion plan. Addressing the 45th AGM of Reliance Industries on Monday, Reliance Retail Ventures Ltd (RRVL) Director Isha Ambani said: "This year, we will launch our FMCG goods business". The objective of this business will be to develop and deliver products and solve every Indian's daily needs, with high-quality products at affordable pricing, she said while addressing Reliance Industries' annual general meeting.

Former Mumbai CP Param Bir Singh says he is in Chandigarh

Former Mumbai CP Param Bir Singh says he is in Chandigarh

Rediff.com24 Nov 2021

Former Mumbai police commissioner Param Bir Singh, who has been declared a 'proclaimed offender' by a court in Mumbai, on Wednesday said he was in Chandigarh and would visit Mumbai soon.

Ambani bomb scare: 'Jaish-ul-Hind's Telegram channel created in Tihar'

Ambani bomb scare: 'Jaish-ul-Hind's Telegram channel created in Tihar'

Rediff.com11 Mar 2021

A Mahindra Scorpio car with gelatin sticks was found parked near "Antilia", the multi-storey residence of Ambani, in south Mumbai on February 25.

Top 5 family-owned biz groups see a mixed Q1; net profits up 13.9%

Top 5 family-owned biz groups see a mixed Q1; net profits up 13.9%

Rediff.com1 Sep 2023

April-June 2023 (Q1FY24) was a mixed quarter for India's top family-owned business groups. Three of the big five in terms of revenue reported a year-on-year (Y-o-Y) decline in combined net sales and two saw a Y-o-Y fall in net profits. Combined net sales of all listed companies in the five groups were up just 2.2 per cent Y-o-Y at Rs 6.6 trillion in the quarter, down sharply from the 10.3 per cent in the March 2023 quarter (Q4FY23) and 42.8 per cent in Q1FY23.

Sebi slaps Rs 25 cr fine on Ambani brothers in 2000 case

Sebi slaps Rs 25 cr fine on Ambani brothers in 2000 case

Rediff.com7 Apr 2021

Sebi on Wednesday imposed a total penalty of Rs 25 crore on Mukesh Ambani, Anil Ambani, other individuals and entities for non-compliance with takeover norms in a Reliance Industries case dating back to 2000.

Jio Financial Services becomes India's most valued NBFC behind Bajaj twins

Jio Financial Services becomes India's most valued NBFC behind Bajaj twins

Rediff.com28 Jul 2023

Jio Financial Services, a unit of Mukesh Ambani's Reliance Industries (RIL), got valued at Rs 1.66 trillion ($20 billion) following an hour-long special trading session conducted by stock exchanges on Thursday. Shares of RIL's unit got priced at Rs 261.85 apiece - higher than analysts' expectations of Rs 134-224 per share. The price was arrived at after calculating the difference between RIL's Wednesday (July 19) close of Rs 2,840 and Rs 2,580, the price discovered during the first-of-its-kind pre-trade session.

Modi, Biden raise a toast to 'ever-lasting friendship'

Modi, Biden raise a toast to 'ever-lasting friendship'

Rediff.com23 Jun 2023

Modi was addressing the State Dinner hosted in his honour by US President Joe Biden and First Lady Jill Biden at the North Lawn of the White House.

Maha exonerates Mumbai ex-top cop Param Bir Singh, revokes suspension

Maha exonerates Mumbai ex-top cop Param Bir Singh, revokes suspension

Rediff.com12 May 2023

At least four FIRs related to extortion were registered against Singh in Mumbai and adjoining Thane.

'Rahul comes across as INDIA's villain'

'Rahul comes across as INDIA's villain'

Rediff.com1 Feb 2024

'It is not his doing, but Rahul Gandhi is forced by circumstances.' 'In taking political decisions, everything has to get his clearance.'

Reliance Industries net profit jumps 27% in Q2

Reliance Industries net profit jumps 27% in Q2

Rediff.com27 Oct 2023

Reliance Industries Ltd on Friday reported a 27 per cent jump in its September quarter net profit as earnings from the oil and gas business rebounded, and a pick-up in fashion and grocery helped boost retail revenues. The oil-to-retail-to-telecom conglomerate's consolidated net profit of Rs 17,394 crore, or Rs 25.71 per share, in July-September - the second quarter of the current 2023-24 fiscal - was 27.3 per cent higher than Rs 13,656 crore, or Rs 19.92 a share, earning a year back, the company said in a statement. The net profit was also higher quarter-on-quarter compared to Rs 16,011 crore earnings in the preceding three months ended June 30.

Gautam Adani is now world's 2nd richest person

Gautam Adani is now world's 2nd richest person

Rediff.com16 Sep 2022

Business conglomerate Adani Group's chairman Gautam Adani is now the world's second-richest person after overtaking Louis Vuitton's Bernard Arnault, according to Forbes' Real-Time Billionaires List. At the time of writing this report, Gautam Adani's net worth was $153.9 billion, compared to Arnault's net worth of $153.7 billion. Adani is now just behind business magnate Elon Musk, according to Forbes' data.

Kejriwal questions BJP, Cong's relationship with Ambani, Adani

Kejriwal questions BJP, Cong's relationship with Ambani, Adani

Rediff.com16 Feb 2014

Aam Aadmi Party chief Arvind Kejriwal on Sunday took a swipe at both the Bharatiya Janata Party and Congress, questioning their stand on gas pricing issue and their "relationship" with industrialists Mukesh Ambani and Adani.

Ambani security scare: NIA arrests another Mumbai cop

Ambani security scare: NIA arrests another Mumbai cop

Rediff.com23 Apr 2021

The central agency had earlier arrested four persons, including two Mumbai police officers -- Sachin Waze and Riyaz Kazi -- in connection with these cases.

Waze procured explosives found in SUV near Ambani's house: NIA

Waze procured explosives found in SUV near Ambani's house: NIA

Rediff.com31 Mar 2021

The NIA has CCTV footage which shows the presence of Waze at the spot, the sources said.

Gigi Hadid Lives Her Bollywood Dream

Gigi Hadid Lives Her Bollywood Dream

Rediff.com3 Apr 2023

An evening of moondust.

When Deepika, Priyanka ACED Fashion

When Deepika, Priyanka ACED Fashion

Rediff.com26 Apr 2023

Namrata Thakker recaps stellar Indian fashion moments on the Met Gala red carpet.

RIL becomes first Indian firm to hit Rs 19 lakh cr m-cap

RIL becomes first Indian firm to hit Rs 19 lakh cr m-cap

Rediff.com27 Apr 2022

Reliance Industries Limited on Wednesday became the first Indian company to hit the Rs 19 lakh crore market valuation mark following a rally in its share price. The market heavyweight stock jumped 1.85 per cent to its record high of Rs 2,827.10 on the BSE. Following the gain in the share price, the company's market valuation jumped to Rs 19,12,814 crore in morning trade on the BSE.

Carlos Slim richest in the world, Mukesh Ambani is 4th

Carlos Slim richest in the world, Mukesh Ambani is 4th

Rediff.com11 Mar 2010

Mexican billionaire Carlos Slim has emerged as the richest person in the world with $53.5 billion in assets in the US magazine Forbes annual list of world's top billionaires.