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
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
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 culture. The Met however, is known to be involved in smuggling
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 loan $925.2 million to Anil Ambani’s firm Reliance Communications Ltd.
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 the government, setting their share prices tumbling. This outcome in favour
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 at least 11 Taliban commanders from a high-security prison in Afghanistan