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.
Reliance Industries Ltd., operator of the world’s biggest oil refinery complex, reported its highest quarterly profit in more than two years as a decline in the value of the rupee boosted export earnings.
Billionaire Mukesh Ambani is the latest to enter the crowded Indian cellular services market, the world’s second biggest. He is spending about $11 billion to get it right with a high-speed fourth-generation network.
India’s Bharti Enterprises Pvt., which six months ago ended a tie-up with Wal-Mart Stores Inc., is in talks with France’s Carrefour SA and Japan’s Aeon Co Ltd. for two separate joint ventures, according to one person familiar with the discussions.
Minutes after tycoon Ratan Tata abandoned a two-year quest to build the world’s cheapest car in West Bengal over farmer protests, he got a text message from the frontrunner to be India’s next leader: “Welcome to Gujarat.”
Reliance Industries Ltd. and Oil & Natural Gas Corp., India’s biggest natural gas producers, fell the most in six months after the nation’s election watchdog directed the government to delay an increase in prices.
Not far from the banks of the Ganges, India’s holiest river, Prem Sagar Pal sits in a room strewn with old newspapers and a single computer plotting a way to end Narendra Modi’s quest to become prime minister.