Reliance Jio to move Punjab & Haryana HC. In a statement, Reliance also said it has sought urgent intervention of govt authorities to bring a stop to vandalism by miscreants.
The market regulator's order says Reliance operated to allegedly earn undue profits from sale of shares in Reliance Petroleum in both the cash and futures markets.
Investors are watching Ambani’s every move as he overhauls his empire in the middle of a pandemic, wading into highly competitive industries & taking on rivals from Amazon to Walmart.
The interim order came after Future Retail approached the court last month against a temporary injunction Amazon got from a Singapore arbitration tribunal to halt the Reliance deal.
Prospects for global recovery amid progress with Covid vaccines has caused investors to shift from defensive growth stocks to cheaper economically sensitive shares.
The legal spat between two of the world’s richest men – Amazon’s Jeff Bezos & Reliance’s Mukesh Ambani – has also sparked a ‘foreign versus local’ debate.
Biyani’s Future Group is caught in a tussle for India’s consumer retail market, worth nearly $1 trillion, between firms led by two of the world’s richest men.
The net worth of RIL chairman rose up to 73% last year to $88.7 billion. Gautam Adani took the second spot on the list with a net worth of $25.2 billion.
Amazon had agreed to purchase 49% of one of Future’s unlisted firms last year, with the right to buy into flagship Future Retail Ltd. after a period of between three and 10 years.
152-yr-old Tata Group could be taking a leaf from Mukesh Ambani playbook as it is in talks with Walmart Inc. for a $25 bn investment in a super-app, a multipurpose online platform.
Trump’s OBBB is framed to augment domestic semiconductor production and enhance trade protection, even at the expense of certain social programs such as Medicaid, food stamps, and student loans, as well as a projected ballooning federal deficit from US$2.8 to 3.3 trillion
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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