Mukesh Ambani News

According to the World Wealth Report 2013, released by Capgemini and RBC Wealth Management, the investable wealth of the world's High Net Worth Individuals rebounded in 2012, growing by 10 per cent to reach a record high of $46.2 trillion, after declining 1.7 per cent in 2011.

The two companies have approached banks to raise up to Rs 8,000 crore as debt to fund their expansion plans.

Reliance Industries Limited has expanded its wings by investing in real estate sector.

In the race to get hold of 31 percent stake of West Bengal government in Haldia Petrochemical, Reliance Industries Limited may emerge as the most aggressive bidder.

In the 39th Annual General Meeting of Reliance Industries Limited , Mukesh Ambani discussed his plans to increase their polyester production capacity from the current 2.5 million tons per year to 4 million tpy.

Mukesh Ambani led Reliance Industries Limited is now aggressively focusing on capturing the retail segment in the country.

RIL chairman Mukesh Ambani recently said the company had achieved its highest exports of Rs 2.39 lakh crore to 116 countries last year, accounting for 64 per cent of its turnover.

Calcutta, June 10: Bengal's showpiece but stricken project has set the stage for a possible bidding race between Mukesh Ambani and Anil.

Exhilway, the global wealth management giant, will be investing over US $5 billion or close to INR 28,000 crore in India via foreign direct investment across several business sectors like finance, entertainment, retail and energy.

Mukesh Ambani's Reliance Industries and state-owned ONGC will reap windfall profits from the Indian rupee dipping to an all-time low as they will earn more on selling natural gas in US dollars.

The overall trend to professionalise has always seen an upward trajectory, but at varying rates of adoption.

Mumbai, June 7 : Billionaire brothers, Mukesh and Anil Ambani, have signed a deal worth Rs 1,200 crore for cooperation in their telecom ventures.

These meetings have not only been an opportunity for the company's base of middle-class shareholders to meet the first family of India Inc. It also allows them to discuss the financial metrics of the company and recount their personal experiences with Dhirubhai Ambani, the company's founder.

's once-feuding billionaire Ambani brothers signed a long-expected pact for their rival telecoms firms to share mobile masts in a contract valued at more than $2 billion over several years, in the biggest deal between them since a reconciliation.

Views on markets today Benchmark Indices ended lower, amid a volatile trading session, weighed down by profit taking in index heavyweights RIL and Infosys.

There is a case for waiving the penalty and interest on the original tax demand.

MUMBAI: Indian conglomerate Reliance Industries Ltd will spend more than US$26 billion across its businesses over three years, it said yesterday, giving few details of plans for its long-anticipated launch of fourth-generation telecommunications services.

From being seen beside their billionaire parents and grandmother Kokilaben Ambani at the annual general meetings of Reliance Industries Ltd, the Ambani twins -- Akash and Isha -- might soon graduate to being RIL employees.

Mukesh Ambani , the world's richest energy billionaire, is seeking to increase the share of his group's revenue from new ventures in telecommunications and retail to as much as 40 percent, said a company official with knowledge of the plan.

The ministry on May 31 ordered that a part of 2.1 million standard cubic metres per day of KG-D6 gas allocated to RCF's Thal urea manufacturing plant be diverted to Hyderabad-based Bhagaynagar Gas Ltd and power plants in Andhra Pradesh under a so-called gas swapping arrangement.