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25 more billionaires in India's rich list20-NOV-09
A rebounding stock market that gained two-thirds in the past year and an economy growing at 6 per cent have seen the combined net worth of India’s 100 richest people touch $276 billion, almost a quarter of the country’s GDP, business magazine Forbes said today in its annual rich list for the country.
Gas row: RNRL accuses govt of siding with RIL19-NOV-09
The Anil Ambani group today accused the government of being a party to the "conspiracy" with Mukesh Ambani firm Reliance Industries (RIL) to "destroy" it but dropped its opposition to the Petroleum Ministry putting its stand before the Supreme Court.
Number of Indian billionaires almost doubles in a year: Forbes19-NOV-09
Happier days are back for India's rich who saw their fortunes dwindle during the recession as the country's billionaire list has doubled from last year to 52, according to the Forbes annual list of richest list for the country.
Mukesh tops Forbes India list with $32 bn fortune19-NOV-09
Reliance Industries Chairman Mukesh Ambani is the richest man in India with $32 billion in net worth followed by steel tycoon Lakshmi Mittal and younger brother Anil Ambani, according to the Forbes annual rich list for the country.
Ambani gas row: Govt must approve suitable arrangement18-NOV-09
The government today asserted in the Supreme Court that any suitable arrangement between the Ambani brothers for the supply of gas from K G Basin has to be approved by it keeping the national interest paramount.
Gas is not pvt property of Ambani bros: Govt17-NOV-09
The government today opened its arguments in the high-voltage gas row between the Ambani brothers in the Supreme Court asserting that any understanding reached between them was not binding on it as gas was not their "private property".
DLF sells multiplex chain to PVR14-NOV-09
Leading theatre chain PVR Ltd today announced a cash-and-stock deal to buy out realtor DLF group’s national multiplex chain, DT Cinemas.
Gas row: RIL counters RNRL's claim on MoU approval13-NOV-09
Mukesh Ambani group firm Reliance Industries (RIL) today told the Supreme Court that its directors have filed the affidavits in the gas row to counter Anil Ambani's contention that the family MoU was approved by the RIL board.
RIL questions RNRL's demand for gas without power plant12-NOV-09
Mukesh Ambani's Reliance Industries (RIL) today questioned in the Supreme Court the demand of brother Anil Ambani's Reliance Natural Resources (RNRL) for the immediate supply of gas from KG basin saying that it cannot be done in the absence of the proposed power plant as per the agreement reached between them.
UBS fined 8 mn pounds over staff misusing client accounts12-NOV-09
Swiss bank UBS has been fined 8 million pounds in the UK after four of its senior employees were found misusing funds of customers, including two companies of Indian industrialist Anil Ambani-led group.
Ambanis' 2005 family deal not binding: RIL counsel12-NOV-09
The memorandum of understanding arrived at in the Ambani family in 2005 to divide the industrial assets between brothers Mukesh and Anil was only a “guiding tool” and could not be treated as binding on the demerged companies, Reliance Industries’ counsel Harish Salve told the Supreme Court today.
Gas row: RIL says RNRL can't trade in gas11-NOV-09
Mukesh Ambani's Reliance Industries (RIL) today told the Supreme Court that the demerger scheme worked out with his brother Anil Ambani was categorical that the gas supplies from the KG Basin to his group was not for trading and meant for promoting power generation plant.
Gas row: RNRL accuses govt of changing stands10-NOV-09
Mukesh Ambani-firm Reliance Industries (RIL) today told the Supreme Court that the family MoU of 2005 was irrelevant for arriving at a suitable arrangement for the supply of gas to brother Anil Ambani's Reliance Natural Resources (RNRL).
FinMin supports ADAG's plans, writes to RBI09-NOV-09
Finance ministry is understood to have supported the Anil Ambani group’s plans to raise $1.1 billion of overseas loans for its power business and suggested to the RBI that entities should not be denied a nod on account of alleged violations on end-use of funds by other group companies.
Kribhco lines up Rs 1,000cr expansion plan09-NOV-09
Krishak Bharati Cooperative Limited (Kribhco), a premier cooperative society for the manufacture of fertilizers, has lined up an investment of around Rs 1,000 crore in scaling up urea output at its plant at Hajira (Gujarat).
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