’Deeply grateful’: Anil Ambani thanks his brother Mukesh Ambani for paying Ericsson dues
5 years, 9 months ago

’Deeply grateful’: Anil Ambani thanks his brother Mukesh Ambani for paying Ericsson dues

Live Mint  

Asia’s richest man Mukesh Ambani has helped his younger brother avert a stint in jail, stepping in to make an $80 million payment for his sibling Anil whose telecom-to-infrastructure empire is struggling under the weight of debt. The embattled former billionaire, Anil Ambani, thanked his brother Mukesh, and his sister-in-law, after Reliance Communications Ltd. completed the required ₹5.5 billion payment to the local unit of Ericsson AB for past maintenance services. The stock plummeted 60 percent in 2018 as Anil Ambani struggled to close a 2017 deal to sell spectrum, signal towers and fiber to Reliance Jio Infocomm Ltd., a new service provider controlled by his elder brother, for 173 billion rupees. The Swedish equipment maker’s relentless legal pursuit led to a settlement under which RCom was to pay half of the past claims, or ₹5.5 billion -- an offer backed by a personal guarantee from Ambani.

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History of this topic

Mukesh Ambani dominates Pakistan’s 2024 Year in Search list: Here’s what people Googled about the billionaire
3 weeks, 5 days ago

Mukesh Ambani dominates Pakistan’s 2024 Year in Search list: Here’s what people Googled about the billionaire

Hindustan Times  

Google released the data of 2024 searches by Pakistanis, and Mukesh Ambani is the Indian who made it to the list under the “most searched people” category. Indian billionaire and Asia’s richest man Mukesh Ambani appeared under the “people” subcategory in Pakistan’s 2024 Year in search list. “Mukesh Ambani worth” and “Mukesh Ambani net worth” were the top searches. Some …

Billionaire blues for Ambani, Adani as networth slips below $100 billion
Trending News
1 month ago

Billionaire blues for Ambani, Adani as networth slips below $100 billion

India Today  

'What goes up, must come down', for Mukesh Ambani and Gautam Adani, this couldn’t ring truer at this point of time. Mukesh Ambani and Gautam Adani, who head Reliance Industries and the Adani Group respectively, are facing challenges that have impacted their fortunes and the performance of their companies. MUKESH AMBANI’S WEALTH DROPS BELOW $100 BILLION Mukesh Ambani’s net worth, …

Here's how much Mukesh Ambani's driver allegedly earns: It's more than some executives
2 months, 3 weeks ago

Here's how much Mukesh Ambani's driver allegedly earns: It's more than some executives

Hindustan Times  

Mukesh Ambani, the chairman and managing director of Reliance Industries Limited, the conglomerate spanning sectors including energy, petrochemicals, textiles, retail, and telecommunications is known to compensate his personal staff like drivers and household employees quite handsomely with allowances, insurance benefits, and competitive wages, according to a report by India.com Reliance Industries Chairman, and Managing Director Mukesh Ambani. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} …

Ambani wedding: Inside the lavish, star-studded wedding of Asia’s richest man’s son
6 months ago

Ambani wedding: Inside the lavish, star-studded wedding of Asia’s richest man’s son

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Anant Ambani, son of Mukesh Ambani, married Radhika Merchant …

Tina Ambani's heartwarming birthday note for Anil Ambani: ‘The man who has my heart’
7 months, 1 week ago

Tina Ambani's heartwarming birthday note for Anil Ambani: ‘The man who has my heart’

Hindustan Times  

Industrialist Anil Ambani turns 65 today. Reliance ADA Group chairman Anil Ambani's wife Tina Ambani. “A very happy birthday to the man who has my heart, and my respect!” Tina Ambani wrote in her Instagram post, sharing photos of Ambani, the couple and the rest of their family. See Tina Ambani's birthday wish here: Other Instagram users and followers of …

Larry Fink, Bill Gates, Rihanna to Join Ambani Son’s Pre-Wedding Bash
10 months, 2 weeks ago

Larry Fink, Bill Gates, Rihanna to Join Ambani Son’s Pre-Wedding Bash

Hindustan Times  

A pre-wedding party for the youngest son of Asia’s richest man, Mukesh Ambani, will be a lavish three-day celebration of nuptials and business ties as power players from Wall Street to Silicon Valley converge on a town in Western India. Anant Ambani, son of Mukesh Ambani, Chairman of Reliance Industries, and Radhika Merchant, daughter of industrialist Viren Merchant The gala …

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%
1 year ago

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%

Live Mint  

Mukesh Ambani is once again a centibillionaire. The richest person in India — and in Asia — saw his wealth climb $2.8 billion to $101.8 billion Thursday, as shares of his flagship, Reliance Industries Ltd., rose 2.6% to close at a record high. The listing last year of Reliance’s financial services unit, Jio Financial Services Ltd., helped to broaden the …

DC Edit | Ambani's succession plan an exemplar
1 year, 4 months ago

DC Edit | Ambani's succession plan an exemplar

Deccan Chronicle  

Throughout history, endeavours to partition shared wealth has always been tricky, dividing families and estranging siblings, leaving a trail of bitterness and loss of focus, lost opportunities and decay and decline of enterprises. One of the classic examples was the feud between the Ambani brothers — Mukesh and Anil — in 2004 over Rs 94.968 crores worth of shared business …

When Dhirubhai Ambani offered financial help to 'bankrupt' Amitabh Bachchan
2 years, 3 months ago

When Dhirubhai Ambani offered financial help to 'bankrupt' Amitabh Bachchan

Op India  

October 11, 2022, marks the 80th birthday of Bollywood legend Amitabh Bachchan. In that video, the Bollywood legend discusses his difficult times and how Reliance Industries founder Dhirubhai Ambani offered to assist him after he literally turned bankrupt in the 1990s. Speaking during the event, Amitabh Bachchan stated that when Dhirubhai Ambani learned about his financial woes, he advised his …

Mukesh Ambani to open family office in Singapore: Report
2 years, 3 months ago

Mukesh Ambani to open family office in Singapore: Report

Hindustan Times  

Asia’s second-wealthiest man, Reliance Industries Ltd. Chairman Mukesh Ambani, is setting up a family office in Singapore, according to people familiar with the move. Ambani is the latest in a series of ultra-rich people to pick Singapore for their family offices — the organizations set up to manage the affairs of wealthy clans — joining the likes of hedge fund …

Billionaire Mukesh Ambani to open family office in Singapore
2 years, 3 months ago

Billionaire Mukesh Ambani to open family office in Singapore

Live Mint  

Asia’s second-wealthiest man, Reliance Industries Ltd. Chairman Mukesh Ambani, is setting up a family office in Singapore, according to people familiar with the move. Ambani is the latest in a series of ultra-rich people to pick Singapore for their family offices — the organizations set up to manage the affairs of wealthy clans — joining the likes of hedge fund …

Mukesh Ambani prepares to hand a $220 billion empire to his children
2 years, 4 months ago

Mukesh Ambani prepares to hand a $220 billion empire to his children

CNN  

New Delhi CNN Business — Indian billionaire Mukesh Ambani has laid out plans to hand his sprawling business empire to his children, while insisting he has no intention of retiring any time soon. Ambani, 65, set out his succession plan on Monday, telling shareholders in his Reliance Industries conglomerate that his three children are “first among equals” and are being …

With $208 billion in fortunes, Ambani and Adani start to face off
2 years, 5 months ago

With $208 billion in fortunes, Ambani and Adani start to face off

Hindustan Times  

In June, Indian billionaire Mukesh Ambani and his aides ran into an unexpected dilemma when debating where to train the dealmaking lens of his empire next. Ambani’s Reliance Industries Ltd. was contemplating buying a foreign telecommunications giant, when word reached them that Gautam Adani -- who had overtaken Ambani as Asia’s richest man a few months earlier -- was planning …

How Mukesh Ambani is charting Reliance succession plan
2 years, 6 months ago

How Mukesh Ambani is charting Reliance succession plan

India Today  

Billionaire Mukesh Ambani stepped down on Tuesday from the role of director of Reliance Jio, the telecommunication arm of Reliance Industries. Mukesh Ambani's 30-year-old son and non-executive director, Akash Ambani, was appointed chairman of the board of Reliance Jio, according to a regulatory filing by Reliance Jio Infocomm Ltd. RELIANCE SUCCESSION PLAN Sixty-five-year-old Mukesh Ambani has three children - twins …

With son’s appointment, Mukesh Ambani sets transition stage
2 years, 6 months ago

With son’s appointment, Mukesh Ambani sets transition stage

Al Jazeera  

For years, Mukesh Ambani has studied the ways in which billionaire families passed on what they had built to the next generation. Indian billionaire Mukesh Ambani has stepped down from the role of director of the telecoms arm of Reliance Industries in favour of his son Akash, setting the stage for a leadership transition at his energy-to-retail conglomerate. The change …

Ambani charts succession plan; hands over telecom business reins to son Akash
2 years, 6 months ago

Ambani charts succession plan; hands over telecom business reins to son Akash

The Hindu  

In the first clear signs of a succession plan being charted out at India's most valuable company, billionaire Mukesh Ambani resigned from the board of his $217 billion group's telecom arm, Reliance Jio, and handed over the firm's reins to elder son Akash. In a stock exchange filing, Reliance Jio Infocomm Ltd on Tuesday said the company's board at a …

Anil Ambani steps down as director of R-Infra, Reliance Power
2 years, 9 months ago

Anil Ambani steps down as director of R-Infra, Reliance Power

India Today  

Reliance Group Chairman Anil Ambani on Friday resigned as director of Reliance Power and Reliance Infrastructure, following markets regulator SEBI's order restraining him from associating with any listed company. "Anil D Ambani, non-executive director, steps down from the board of Reliance Power in compliance with SEBI interim order," Reliance Power said in a BSE filing. In a separate filing to …

Is it Mukesh and Anil Ambani in Harsh Goenka's million-dollar throwback picture? Twitter thinks so
2 years, 10 months ago

Is it Mukesh and Anil Ambani in Harsh Goenka's million-dollar throwback picture? Twitter thinks so

India Today  

Industrialist Harsh Goenka knows how to keep his fans and followers hooked. — Randhir March 7, 2022 Mukesh Ambani looks very focused from early days.look at his eyes and eyebrows.its like burning desire to achieve something — Dibesh Agarwala March 7, 2022 Rare pic. — Vinay Shukla March 7, 2022 One Twitter user also claimed that the snap was from …

Mukesh Ambani Fast Facts
3 years, 10 months ago

Mukesh Ambani Fast Facts

CNN  

Here is a look at the life of Indian billionaire Mukesh Ambani, chairman and managing director of Reliance Industries Limited. Personal Birth date: April 19, 1957 Birth place: Aden, Yemen Birth name: Mukesh Dhirubhai Ambani Father: Dhirubhai Ambani, founder of Reliance Mother: Kokilaben Ambani Marriage: Nita Ambani Children: Akash and Isha ; Anant Education: Institute of Chemical Technology at the …

Mukesh Ambani becomes the 5th richest man in the world
4 years, 5 months ago

Mukesh Ambani becomes the 5th richest man in the world

Op India  

Reliance Industries chairperson Mukesh Ambani has become the fifth richest man in the world with a net worth of Rs 5.702 lakh crore, according to Forbes. With the shares of the oil-to-telecom conglomerate Reliance Industries hit an all-time high of Rs 2,010 per share on July 22, billionaire Mukesh Ambani added $2.9 billion to his net worth in a single …

Mukesh Ambani, Asia’s wealthiest man, is now among the world’s ten richest people
4 years, 6 months ago

Mukesh Ambani, Asia’s wealthiest man, is now among the world’s ten richest people

CNN  

New York CNN Business — Asia’s richest man, Mukesh Ambani, is now among the world’s top 10 wealthiest people. Under Ambani’s leadership, Reliance has grown from an oil and energy company into a sprawling conglomerate that includes retail shops, a mobile and broadband carrier, digital platforms and more. This new milestone comes shortly after Ambani amassed more than $16.5 billion …

Anil Ambani-led Reliance Group says its entire debt from Yes Bank is secured; committed to repay
4 years, 10 months ago

Anil Ambani-led Reliance Group says its entire debt from Yes Bank is secured; committed to repay

Firstpost  

Anil Ambani-led Reliance Group on Wednesday said its entire debt from troubled Yes Bank is fully secured and was availed in the ordinary course of business New Delhi: Anil Ambani-led Reliance Group on Wednesday said its entire debt from troubled Yes Bank is fully secured and was availed in the ordinary course of business. In a statement, the group said …

Mukesh Ambani loses Asia’s richest crown to Jack Ma
4 years, 10 months ago

Mukesh Ambani loses Asia’s richest crown to Jack Ma

Live Mint  

Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks. That raises questions about whether Ambani’s flagship Reliance Industries Ltd. will be able to cut net debt to zero by early 2021, as he has pledged. Wildcatter Harold Hamm’s fortune was cut almost in half …

Mukesh Ambani saw his wealth surge $18 billion in 2019
5 years ago

Mukesh Ambani saw his wealth surge $18 billion in 2019

Live Mint  

It’s been a good year for Asia’s richest man, Mukesh Ambani. The surge in Ambani’s fortune this year was fueled by a 40% jump in the shares of his Reliance Industries Ltd., a conglomerate that’s pivoting more toward consumer offerings than its core oil refining and petrochemicals businesses. “Mukesh Ambani changed the narrative for Reliance Industries” as a leader not …

Anil Ambani, 4 directors resign from Reliance Communications; firm going through insolvency process
5 years, 1 month ago

Anil Ambani, 4 directors resign from Reliance Communications; firm going through insolvency process

Firstpost  

Reliance Communications Chairman Anil Ambani along with four directors have resigned from the company, which is going through insolvency process, New Delhi: Reliance Communications Chairman Anil Ambani along with four directors have resigned from the company, which is going through insolvency process, according to a regulatory filing. The company, which is going through insolvency process, had made a profit of …

Anil Ambani inducts sons Anmol, Anshul on Reliance Infra board as directors; retd Lt Gen Syed Alta Hasnain too joins board
5 years, 3 months ago

Anil Ambani inducts sons Anmol, Anshul on Reliance Infra board as directors; retd Lt Gen Syed Alta Hasnain too joins board

Firstpost  

A company spokesman attributed the induction of the junior Ambanis to respect the wishes of the shareholders who during the recent AGM asked the management to get fresh blood into the company by bringing them on board. The company has also appointed retired Army officer Lt Gen Syed Ata Hasnain as an independent director on the board of the company, …

Why Reliance Industries has stopped bingeing on debt
5 years, 4 months ago

Why Reliance Industries has stopped bingeing on debt

Live Mint  

Mumbai: "Blessed are the young, for they shall inherit the national debt,” former US president Herbert Hoover famously said during the Great Depression, at a time when the US national debt stood at about $35 billion. “We have a very clear road map to becoming a zero-net-debt company within the next 18 months, that is by 31 March 2021,” Ambani …

Mukesh Ambani: India's richest man pays $77m to save brother from jail after helping put him out of business
5 years, 9 months ago

Mukesh Ambani: India's richest man pays $77m to save brother from jail after helping put him out of business

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Anil Ambani gets bailout from brother Mukesh to avoid jail time
5 years, 9 months ago

Anil Ambani gets bailout from brother Mukesh to avoid jail time

CNN  

New Delhi CNN Business — India’srichest man just helped his cash-strapped younger brother avoid months in prison by paying off debts worth tens of millions of dollars. The gesture by Mukesh Ambani to bail out his brother, Anil, is the latest twist in a sibling sagathat has gripped India’s telecommunications industry.A price war started by Mukesh in 2016 nearly put …

Anil Ambani reaches standstill agreement with lenders
5 years, 10 months ago

Anil Ambani reaches standstill agreement with lenders

The Hindu  

Anil Ambani led Reliance Group has reached an in-principle standstill understanding with more than 90% of the lenders at the promoter group level, after L&T Finance and Edelweiss Group had dumped Anil Ambani Group shares causing the unprecedented fall in share prices of Reliance Power and other group shares early this month. Reliance Group has nine lenders at the promoters …

The $41 billion wealth gap that divides the Ambani brothers
6 years, 2 months ago

The $41 billion wealth gap that divides the Ambani brothers

Live Mint  

Over the past year, the fortunes of the two brothers at the helm of India’s wealthiest dynasty have grown apart—to more than $40 billion apart. “Reliance’s strategy to diversify beyond the energy sector was the biggest game changer,” said Sanjiv Bhasin, executive vice president at India Infoline Ltd. “Mukesh Ambani had the 10-year vision to foresee that data will be …

Anil Ambani seeks to sell control of Reliance Communications
6 years, 3 months ago

Anil Ambani seeks to sell control of Reliance Communications

Live Mint  

Reliance Communications Ltd., the telecommunications company that’s offloading most of its assets to a rival, is in talks to sell a controlling stake in what will remain after it exits India’s consumer wireless business. The company helmed by billionaire Anil Ambani is negotiating with two investors who are conducting due diligence, Bill Barney, chief executive officer of the company and …

Reliance Communications to exit telecom business fully to concentrate on real estate: Anil Ambani
6 years, 3 months ago

Reliance Communications to exit telecom business fully to concentrate on real estate: Anil Ambani

India TV News  

Billionaire Anil Ambani on Tuesday announced that the cash-strapped Reliance Communications will be completely exiting the telecom business to concentrate on real estate in future. Pointing out to the 133-acre Dhirubhai Ambani Knowledge City on the outskirts of the financial capital, he said there is huge realty play opportunity that RCom's erstwhile corporate headquarters possesses, and pegged the potential value …

Reliance Industries chairman Mukesh Ambani now world's 11th richest person
6 years, 5 months ago

Reliance Industries chairman Mukesh Ambani now world's 11th richest person

India TV News  

Reliance Industries Ltd chairman Mukesh Ambani has now become the 11th richest man in the world with a total wealth of about 50 billion dollar or approx Rs 3.40 lakh crore. On Thursday, the value of share of Reliance Industries Ltd touched Rs 1231 which increased the total worth of the refinery-to-telecom conglomerate to Rs 7.80 lakh crore. At July's …

Mukesh Ambani gets another 5 years as Reliance Industries chairman
6 years, 6 months ago

Mukesh Ambani gets another 5 years as Reliance Industries chairman

Live Mint  

New Delhi: Shareholders of Reliance Industries have approved giving Mukesh Ambani another five years as the chairman and managing director of the company. Ambani, 61, has been on the board of Reliance Industries Ltd since 1977 and was elevated as chairman of the company after the death of his father and group patriarch Dhirubhai Ambani in July 2002. Also, “the …

Mukesh Ambani is ready for his triple play close-up
6 years, 6 months ago

Mukesh Ambani is ready for his triple play close-up

Live Mint  

Mukesh Ambani is ready with his triple play of carriage, content and commerce. By upending the telecom industry’s profitability with free voice calls and cheap data, he’s forced many of his smaller rivals, including his younger brother Anil Ambani, into backing off. But it’s Ambani’s entry into fiber-optic broadband, announced at flagship Reliance Industries Ltd.’s annual shareholder meeting on Thursday, …

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