Jul
11
2008
India has been familiar with global leadership in the past and has achieved one of the highest growth rates in the world in recent years, Reliance Industries chairperson Mukesh Ambani said Friday while warning against “deceptive descriptions” like the billionaires’ lists. Speaking at the India Today Conclave here, Ambani said that knowledge and human values [...]
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Jul
11
2008
Indian cricket has taken the first big step towards the wholesale privatisation of the game in the model of English football or American baseball with the sale of eight new team franchises to several of the nation’s biggest tycoons.
India’s cricket authority sold eight teams for its new Twenty20 competition to leading figures such as billionaire [...]
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Jul
11
2008
Billionaire Mukesh Ambani on Friday said Reliance Industries group will emerge as a “successful multinational” by focusing on overseas business.
Addressing over 40,000 employees of the group through a web-cast on the occasion of group founder Dhirubhai Ambani’s 75th birth anniversary on Friday, Mukesh said: “We will go global …We will have to imbibe and work [...]
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Jul
11
2008
A feud between India’s Ambani brothers has resurfaced, this time over plans by the younger brother, Anil, to hold what will be India’s largest initial public offering, the Rs120bn ($3bn) listing of Reliance Power. Anil Ambani’s reliance Energy is understood to have sent a letter to India’s stock market regulator complaining that his older brother [...]
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Jul
11
2008
Billionaire Mukesh Ambani on Monday became the richest person in the world, surpassing American software czar Bill Gates, Mexican business tycoon Carlos Slim Helu and famous investment guru Warren Buffett, courtesy the bull run in the stock market.
Following a strong share price rally today in his three group companies — India’s most valued firm Reliance [...]
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Jul
11
2008
India’s stock market boom has catapulted the country’s biggest industrialist Mukesh Ambani within reach of becoming the richest Indian and one of the world’s 10 wealthiest people.
In a vivid illustration of India’s economic rise, Mr Ambani’s personal wealth has doubled to about $44bn (£21bn) in the past year thanks to a more than 100 per [...]
- Tags: Ambani, Anil, arcelor, brother, Business, businessman, conglomerate, control, country, Dhirubhai, economic rise, family business empire, feud, global rich list, group, increase, indian origin, industrialist, lakshmi n mittal, market, oil, personal wealth, Petroleum, petroleum refining, reach, Reliance, reliance industries, share, Stake, steel, steel company, stock, stock market boom, textile, vivid illustration, world
Jul
11
2008
Billionaire Mukesh Ambani’s Reliance Industries Ltd. and younger brother Anil’s Reliance Energy Ltd. group companies rose to records on speculation oil, gas and power investments will drive profit growth.Reliance Industries gained 3.6 percent and its unit, Reliance Petroleum Ltd. increased 8 percent on the Bombay Stock Exchange today. Anil’s Reliance Energy surged 8.3 percent, Reliance [...]
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Jul
10
2008
NEW DELHI (AFP) - The design specifications for the new dream home of Indian industrialist Mukesh Ambani feature everything a billionaire might desire.
The glass-and-steel vertical palace in India’s financial hub Mumbai will tower 173 metres (570 feet), have three helipads, indoor and outdoor pools and six floors of parking space for a fleet of 168 [...]
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Jul
10
2008
For a man who started life in a tiny Mumbai tenement, it could scarcely be a grander symbol of a life made good. Standing nearly 600 ft tall and on 27 floors, the planned new home of India’s richest man offers everything that a billionaire might need: indoor and outdoor swimming pools, three helipads, and [...]
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Jul
10
2008
Reliance Energy Ltd., India’s second-biggest utility by sales, plans to spend $15 billion to contribute a fourth of the additional generation capacity to be added in the country in the next five years.The investment of 600 billion rupees will help add 15,000 megawatts, Chairman Anil Ambani said at a shareholders meeting in Mumbai today. The [...]
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