The Reliance empire was plunged into uncertainty in 2002 when Dhirubhai Ambani died without a will, subsequently sparking a years-long battle for control between brothers Mukesh and Anil.
Reliance has acquired a prime London property for Rs 592 crore, and the Ambani family’s visit abroad has been linked to them making it their second home.
Indian business landscape favours firms that are either substantially owned by a family, or controlled by a multinational. To come out ahead, Invesco might need to tweak its tactics.
Investment in Manish Malhotra, stylist to the biggest stars, speaks of Ambani’s wider aim of transforming Reliance Industries Ltd, lessening its dependence on oil-refining and petrochemicals businesses.
Reliance acquired solar panel manufacturer REC Solar Holdings for $771 million and agreed to acquire 40% of Pallonji Mistry’s Sterling & Wilson Solar, valued at $372 million.
The verdict is a crucial victory for Ambani as his telecom firms are in bankruptcy and he is contesting a personal insolvency case lodged by the country’s largest lender.
If the device is a hit, there will be a surge of customer data that can stand in for collateral. A small band of policy influencers could help banks get their hands on it.
Reliance, among India's top carbon emitters, gets nearly 60% of its annual revenue from the more polluting oil-to-chemicals business. Shifting dramatically away from it is difficult.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
Under joint venture, JSW Sarbloh Motors will indigenise and manufacture TX range ATVs in Chandigarh. The first India-assembled unit is expected by early 2026.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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