The media unit of Reliance, controlled by Mukesh Ambani, and its affiliates are expected to own at least 61% of the merged entity, with Disney holding the rest, the report said.
Terming Vibrant Gujarat Global Summit 2024 'most prestigious investor summit', Reliance Industries's chief promised support to the state's development through investments in the next 10 years.
At RIL's 46th annual general meeting in August, Chairman Mukesh Ambani had shared succession plan for Isha, Akash and Anant Ambani, saying they would take up significant roles the firm.
Lease documents provided by CRE Matrix showed that Burberry Group as well as several brands owned by LVMH, Kering & Richemont have agreed to rent shops in the mall.
Among the 500 businessmen invited are Tata Sons Chairman N Chandrasekaran, billionaire Kumar Mangalam Birla, and Bharti Airtel founder-chairman Sunil Mittal.
The company board has also recommended Ambani children Isha, Akash and Anant to join as non-executive directors of the oil-to-tech conglomerate. Nita Ambani will step down.
The stock will be included in major Indian indices, including the benchmark Nifty 50, but will not trade until it is listed, possibly in the upcoming annual general meeting.
A stunted middle class may be a direct result of extreme inequality. Folks at the top don’t see teeming masses as a meaningful market, except for utilities, soap, short videos, and personal loans.
Up to 100% foreign ownership of insurance firms, and overhauled rules for banks, pension funds and capital markets aim to shift savings from idle assets toward equities, bonds and long-term investments.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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