Inspectors from billionaire Anil Ambani’s electricity retailer BSES Rajdhani Power Ltd. entered a village near New Delhi last week hunting for tampered meters. Residents responded by beating them with iron rods.
Mumbai Metro One Pvt., a unit of billionaire Anil Ambani’s Reliance Infrastructure Ltd., will start Mumbai city’s first metro train tomorrow, Mint newspaper reported, citing two people with knowledge of the plan.
Reliance Infrastructure Ltd. , controlled by billionaire Anil Ambani , approached banks for a 70 billion-rupee ($1.5 billion) loan to fund a new rail project in Mumbai, according to a person familiar with the matter.
Billionaire Anil Ambani ’s group asked India’s stock exchange and regulator to investigate “illegal trading” after shares in its telecoms, power and infrastructure companies plunged the most in more than a year.