Younger Ambani sibling orchestrated the merger of his Reliance Communications' telecom business with that of rival Aircel, controlled by asMalaysian billionaire Ananda Krishnan, to form what will be the country's fourth-largest mobile phone operator once the merger, which requires regulatory approvals, is completed. He's also betting on the defense sector with a new joint venture between his Reliance Defence and Israel's Rafael Advanced Defense Systems to manufacture air-to-air missiles. Son Anmol, who works at Reliance Capital, was appointed to that company's board in August.
The two companies will explore opportunities to produce aerostructures and 3D printing of aircraft components
Pradip Baijal has quit from the petroleum regulatory board's pipeline panel considering his role as a director in consulting firm Noesis. Now, the Anil Ambani group has accused him of playing favourites in the tussle between Ambani brothers over the sale of gas from the Krishna-Godavari Basin. Baijal talks to Cuckoo Paul on the controversy and more
The elder Ambani had offered his brother a sweet deal on gas supply to seal the family split. With that deal gone now, Anil will ask for a fair share of the fortune from gas
The ranking of the 100 richest Indians is a line-up that reflects power and wealth. But there is also a plethora of data that the list brings forth. We have spliced diced, chopped and interpreted some numbers to give you a view of the top wealth generators
Combining their respective wireless businesses is a good idea to build scale, but debt transfer by RCom and Aircel may affect the new entity's financial muscle to grow operations
Bollywood, art, pizzas, fast wheels. They enjoy the same things as the common man. It's just that much more extravagant
The Reliance gas dispute has ended by strengthening government control on the way natural gas is sold in India
For many businesses that pinned their hopes on lucrative M&A deals, 2017 was the year of fizzled dreams. Here are some of the prominent ones that fell through and the way forward for these companies