Future Retail's independent directors had last week asked Amazon if it was willing to give a long-term loan to avoid default on repayment of Rs 3,500 crore loan due on January 29. Amazon replied to that saying it was willing to financially assist Future Retail through the Samara Capital deal but the retailer must shelve Rs 24,713 crore deal with the Reliance group.
On the directions of the Supreme Court, the special crime unit of the central agency registered the cases late Tuesday evening.
A special National Investigation Agency (NIA) court in Mumbai on Saturday granted bail to Naresh Gaur, a cricket bookie, arrested for his alleged role in the Antilia bomb scare and businessman Mansukh Hiran murder case but stayed the order after the prosecution prayed that they wanted to challenge it before a higher court.
If you exclusively look at business personalities, Ambani ranks 20 and Mittal ranks 28.
Six months after an infrastructure deal with brother Anil Ambani, Mukesh Ambani has now joined hands with Sunil Mittal.
Foreign institutional investors (FIIs) have raised stake in billionaire Mukesh Ambani-led Reliance Industries to a record 25.2 per cent in the quarter ended September 30, according to the company's regulatory filing. Reliance Industries (RIL) on Thursday filed a statement showing the shareholding pattern for the quarter ended September 30.
Billionaire Mukesh Ambani's Reliance Jio on Friday announced deferring the roll-out of the JioPhone Next - the low-priced smartphone it has developed with Google - to Diwali. The phone was previously to be launched on September 10. Ambani at the shareholder meeting of his flagship Reliance Industries in June, had stated that the JioPhone Next will be available for purchase on September 10.
A special NIA court in Mumbai on Thursday allowed former police officer Sachin Waze's plea to shift him to a private hospital in Mumbai for treatment of his heart ailment and surgery.
The driver of that car, a private cab, was brought to the Azad Maidan police station for questioning after the vehicle were traced to neighbouring Navi Mumbai late Monday night, the official said.
Pegged as 'MI10 - Igniting Passion For 10 Years', the Mumbai Indians' 10-year celebration saw a number of past and present Mumbai Indians' cricketers, support staff and management invited by the franchise owners' Nita and Mukesh Ambani at their residence in Mumbai, to mark the occasion.
Billionaire Mukesh Ambani's Reliance Industries has signed a pact to invest an undisclosed amount in a giant petrochemical hub being built in the UAE. The oil-to-telecom conglomerate will join the recently-formed Ta'ziz joint venture of Abu Dhabi state energy giant Adnoc and state holding company ADQ for developing the Ruwais Derivatives Park in western Abu Dhabi. A company statement said an agreement has been signed for Reliance to invest in the project but did not give details. Unconfirmed reports put the investment at about $1.5 billion.
Mukesh Ambani remains the country's wealthiest promoter as his stake in Reliance is now worth Rs 3.25 trillion!
In spite of Mukesh Ambani, Gautam Adani, the Poonawallas and many other Indians seeing a jump in their net worth in the pandemic-hit 2020, overall wealth of the country's super-rich dipped 4.4 per cent to $12.83 trillion in the year due to the rupee's fall, and so did their tally, says a report. The number of dollar millionaires in India fell from 7,64,000 in 2019 to 6,98,000 solely because of the rupee's fall, while their cumulative wealth stood at $12.833 trillion, down $594 billion or 4.4 per cent from the previous year, according to the report by Credit Suisse Research Institute. The country is home to just 1 per cent of the global rich, whose number rose by 5.2 million to 56.1 million in the COVID-hit year. However, the report expects the number of millionaires in India to soar 81.8 per cent to 1.3 million by 2025.
Bollywood paid tribute to Nana Chudasama's memory.
It is not clear if it was the same Innova that was following the explosives-laden Scorpio before the latter was parked near Ambani's residence in south Mumbai on February 25.
Ambani is in good company. The likes of ultra-rich individuals like hedge fund billionaire Ray Dalio and co-founder of Google Sergey Brin have chosen Singapore to establish their family offices. So have British inventor James Dyson, famous for his bladeless fans and hair dryers and vacuum cleaners, and Zhang Yong, founder of China's Haidilao hotpot restaurant chain, reports Lee Kah Whye.
I went to the NIA office on my own and was arrested, the police officer said, adding he had not confessed to anything.
Mukesh Ambani had exclusive meeting with West Bengal chief minister after she met India Inc leaders in Mumbai.
Investment by US PE firm KKR will add fire to Ambani's battle for dominance in the retail market that is also being eyed by Jeff Bezos' Amazon and Walmart's Flipkart.
The former police chief also said that the Home Minister had on several occasions instructed police officers on how to handle cases and file charges.
While prevalent web conferencing apps have been charging fees for getting a large number of users in a session, Jio is neither charging any fee nor has put any time limit on the sessions at present.
Former Mumbai Police Commissioner Param Bir Singh on Wednesday has been called by NIA to record a statement in Sachin Waze's case.
The statement came a day after Bharti Airtel and Vodafone Idea Ltd announced a hike in call and data charges from next month.
Dismissed police officer Sachin Waze on Tuesday told an inquiry commission that the time he spent in the National Investigation Agency's custody following arrest in the Antilia bomb scare case was the 'most traumatic time' of his life, and claimed he had signed various documents 'under duress.'
Reliance Industries chairman Mukesh Ambani in his address at the Vibrant Gujarat Summit hailed Gujarat chief minister as as a leader with "grand vision."
The IPS officer who is facing several extortion cases in Maharashtra had told news channels on Wednesday that he was in Chandigarh.
Sonam Kapoor and Isha Ambani partnered up for a fund-raiser recently. A star-studded event, the guests looked very glamorous as they sashayed in in their designer wear.
Forbes magazine recently came up with a list of most powerful people.
One more case has been registered against former Mumbai police commissioner Param Bir Singh for allegedly extorting money from the relative of a builder and kidnapping him for ransom, the police said on Friday.
Global markets trends, inflation, release of industrial output data and quarterly earnings will dictate movement of the equity benchmarks this week, analysts said, adding that volatility might continue amid slew of announcements of macroeconomic data at the global level too. Moreover, foreign fund movement, crude oil prices and trend in rupee would also act as major drivers for the equity market, they added. "The direction of global equity markets along with movement in dollar index and crude oil prices will continue to dominate while inflation numbers of the USA on May 11 and inflation and IIP numbers of India on May 12 will also cause volatility in the market," said Santosh Meena, head of research, Swastika Investmart Ltd.
Forbes' annual ranking of 100 wealthiest Indians was released on Thursday.
Gujarat Chief Minister Narendra Modi today came in for fulsome praise from India Inc with RIL chairman Mukesh Ambani hailing him as a leader with "grand vision" and his younger brother Anil Ambani of ADAG putting him in the league of Mahatma Gandhi and Sardar Patel.
"It was a well-thought-out plan. Waze was interrogating Hiran for three days and made him write false complaint of several agencies and police officers calling him including Waze himself. The letters were addressed to chief minister Uddhav Thackeray and Mumbai police commissioner, he said.
The National Investigation Agency arrested Waze on Saturday night in connection with its probe into the recovery of a Scorpio containing 20 gelatin sticks near Mukesh Ambani's home on February 25.
A special PMLA court here, while taking cognisance of a charge sheet filed against former policeman Sachin Waze and others in an alleged money laundering case, has said the money trail prima facie indicates that former Maharashtra home minister Anil Deshmukh received Rs 4.7 crore from Waze and his aide Kundan Shinde.
All nine Adani stocks saw a rise in their share price in H1FY23, ranging from 6.1% in case of Adani Ports to 102% in case of Adani Power.
India Inc is gearing up for a slugfest this year and from tech to paints, new battlegrounds are emerging, observes Indrajit Gupta, co-founder, Founding Fuel.
'It is very difficult to be an honest politician in a country where the system is absolutely corrupt. Jaipal Reddy is one up even on Prime Minister Manmohan Singh who is considered clean and honest. Reddy has gone a step ahead by playing an active role in stopping corruption. He has put things on record; he has walked the extra mile to ensure that public money is valued highly. One must recognise Reddy's efforts, and make it an example for India's younger generation.'
Vimal was a pioneer in making TV commercials for fabrics, the first to use Bollywood stars and cricketers as brand ambassadors and among the earliest to start a national retail chain. What happened to it?
Reliance Retail Ventures Ltd, run by India's richest man Mukesh Ambani, on Tuesday raised Rs 5,512.50 crore from Abu Dhabi Investment Authority (ADIA), taking the total fundraise to Rs 37,710 crore in less than four weeks.
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