India's wealthiest man owns 44 percent of Reliance Industries, operator of the world's largest oil refinery complex and owner of the nation's biggest natural gas field. Through Reliance, he plans to build the country's first 4G wireless network in 700 cities. Ambani also owns Reliance Gas Transportation and a 27-story Mumbai home worth $500 million.
The light bulb in Komal’s room flickers and dies, preventing the 17 year-old from studying for high-school exams as she strives for an education that can help her escape the squalor of a slum in New Delhi.
Billionaire Mukesh Ambani has picked P.M.S. Prasad, Reliance Industries Ltd.’s petroleum division chief, to help the company start telecommunications services, two people with direct knowledge of the matter said.
Former Delhi leader Arvind Kejriwal attacked India’s richest man Mukesh Ambani over gas pricing as he turned his attention full time to a nationwide election due by May after his 49-day rule of the capital came to an end.
India raised almost $10 billion from an auction of wireless spectrum that saw billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd. emerge as a potential competitor to Vodafone Group Plc and Bharti Airtel Ltd.
Delhi Chief Minister Arvind Kejriwal will file a police complaint against Reliance Industries Ltd., its billionaire Chairman Mukesh Ambani and oil minister Veerappa Moily for creating an artificial shortage of gas in the country and raising prices.
India got bids totaling 446.1 billion rupees ($7.12 billion) on the first day of a wireless spectrum auction yesterday, the third effort by the government to raise revenue from the sale of airwaves in the last 15 months.