Thursday, June 13, 2024

Tag: Reliance

Reliance's refinery complex can process almost all types of oil at a rate of almost 1.4 million barrels per day which enables it to profit from price fluctuations. In the present geopolitical scenario, Reliance is set to cash in on cheap Russian oil.
Reliance began stealth seizure of Future stores on Feb. 25. Much of Future management was in the dark about the takeover according to sources. Reliance wants to rebrand the stores and keep Future employees on  as per sources. After the takeover of stores, Amazon and Future would commence talks.
From the Waltons to the Kochs, Mukesh Ambani has had a close look and studied into how these billionaire families passed on their empire to the next generation. But lately, the process has gained even more momentum as Asia's richest man has set out to create an outline for his fortune worth $208 billion trying to avoid any warfare that has split up so many families with his own falling prey to it once.
Anmol Ambani, the eldest son of industrialist Anil Ambani, has lashed out against lockdowns being imposed amid the surge in COVID-19 cases, saying such restrictions do not concern health but control and that they destroy the very backbone of the society and economy. He called the pandemic known correctly as Scamdemic and stated that the lockdowns are actually greatest wealth transfer in human history. He said it's a coordinated, thought out set of policies designed to enable a new world order to be brought in. The perfect opportunity to usher in the fourth industrial revolution.
Reliance has announced to invest $50 million in Breakthrough Energy Ventures owned by Bill Gates and George Soros.
The wife of Indian billionaire Mukesh Ambani, also Asia's richest businessman; Nita Ambani, has been elected to the board of The Metropolitan Museum of Art (The Met), New York for her commitment to preserve and promote India’s art and...
Three Chinese banks are suing Anil Ambani in a London court for failing to pay back $680 million in defaulted loans. The Industrial & Commercial Bank of China Ltd., China Development Bank and the Export-Import Bank of China agreed to...
In the 14-year old 92,000 crore telecom dispute, the Supreme Court has in a major blow ruled in favor of the government stating that India’s telecom operators will have to include non-core revenue to calculate dues it owes to...
A designated Global Terrorist and Opium King, Abdul Rashid Baluch has been released in a US-brokered Taliban-India prisoner swap. The Afghan Taliban have confirmed that it has freed at least three Indian hostages in exchange for the release of...
Motech Software - how Reliance stashed Black Money in Swiss Banks and later snapped all ties with the shell firm after money laundering probe was initiated. The biggest Indian account holder with nearly USD 500 million in Geneva branch,...