Anil Ambani News
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Billionaire Chairman Anil Ambani’s Reliance Communications Ltd. reported fourth-quarter profit that beat analysts’ estimates as revenue from use of its network increased.
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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.
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India plans to defer fines for solar- thermal power developers that failed to complete $1 billion of plants in time as it seeks to spur investment in the industry.
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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.
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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.
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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.
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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.
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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.
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India completed an auction for wireless airwaves today at which there was only one bidder, the Indian unit of Russia’s AFK Sistema.
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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.
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