Anil Ambani’s first cooperation with his older brother Mukesh after eight years meant more than family peace. It has also added $3.5 billion to the market value of the younger brother’s listed companies in five weeks.
India’s billionaire brothers Mukesh and Anil Ambani announced a 12 billion-rupee ($221 million) pact to share a fiber-optic network, their first deal since splitting the Reliance business empire founded by their father.
Billionaire Sunil Mittal and his company Bharti Airtel Ltd. won temporary reprieves in a legal battle over airwaves that’s fueled a 95 percent drop in overseas investment into the world’s second-largest wireless market.
Tata Sons Ltd. Chairman Cyrus Mistry, chasing his predecessor’s vision of boosting revenue fivefold in the next decade, is searching for a head of mergers and acquisitions, a person familiar with the plan said.
Anil Ambani ’s group said it knows the brokers who spread “sensational charges” after a $2.6 billion loss in value Feb. 9. The statement came after analysts predicted flagship Reliance Communications Ltd. may post a sixth straight drop in profit Monday.
Anil Ambani ’s group said Indian federal investigators examined some of its officials, hours after reporting it knows the brokers who spread “sensational charges” that caused a $2.6 billion loss in value Feb. 9.
In 2011, Russian billionaire Leonid Mikhelson helped pay for a giant stainless-steel slide during a retrospective by Belgian artist Carsten Holler at the New Museum of Contemporary Art in New York. It was the most popular exhibition in the museum’s 35-year history.