Posts tagged as:

Mukesh Ambani

Mukesh Ambani inked biased gas pact in 5 minutes: RNRL

November 26, 2009 Business

The Supreme Court was told Thursday that Mukesh Ambani took all of five minutes to approve the self-serving gas supply pact on behalf of both Reliance Industries Ltd (RIL) and Reliance Natural Resources Ltd (RNRL) despite the Rs.100,000-crore financial implication.
Continuing his arguments before the bench hearing the Krishna-Godavari gas dispute, RNRL counsel Ram Jethmalani also [...]

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Richest Indian position once again grabbed by Mukesh Ambani

November 19, 2009 Business

Mumbai: The head of Reliance Industries, Mukesh Ambani, is once again the wealthiest person in India. His net worth is put at $32 billion, an increase of 54% from nearly USD 21 billion last year.

As compared to last year, where there only 27 billionaires on the India Rich List, this year, the number has almost [...]

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Ambanis’ issue for supply of gas continues in court

November 18, 2009 World

Mumbai: The Centre on Tuesday said Mukesh Ambani’s RIL was only a contractor for exploration. It was barred from having a private agreement with Anil Ambani’s RNRL for supply of gas that violated the production sharing contract (PSC).

“We do not know whether the Ambani brothers have colluded or have fallen apart over the issue of [...]

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Mukesh Ambani takes a pay cut of 66%

October 16, 2009 Business

In lieu of the austerity drive called by the Indian government in salaries of the executives, Mukesh Ambani, Asia’s richest man, stepped up and took 66 percent pay cut. Mukesh set an example by doing so.

Instead of taking home 440.2 million rupees a year earlier, Ambani, chairman of Reliance Industries Ltd., will now take home [...]

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Mukesh Ambani’s SEZ project in trouble

June 6, 2009 Business

Leading industrialist Mukesh Ambani’s dream project of setting up a special economic zone (SEZ) over 10,000 hectares in Raigad near Mumbai at a cost of Rs.400 billion is in jeopardy as the Supreme Court Friday refused to extend the deadline for land acuisition.
A bench of Justice B. Sudarshan Reddy and Justice Aftab Alam dismissed a [...]

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