An Indian Central Reserve Police Force (CRPF) commando - part of the security detail guarding Reliance Industries Chairman Mukesh Ambani - runs at the entrance to the venue of the company's annual general meeting in Mumbai on June 6, 2013. India's largest private firm Reliance Industries plans to invest 1.5 trillion rupees (USD26 billion) in all its businesses over the next three years, its chairman Mukesh Ambani told shareholders. Reliance is India's largest private oil and gas explorer with a strong presence in the petrochemicals and polyester sectors and has expanded into the fast-growing broadband and retail segments in recent years. Since April 2013, the Indian government has provided the country's richest man Mukesh Ambani, head of energy giant Reliance Industries, with full-time security from armed commandos.
When I visited Australia I realised that save for a few homes most of the people in the cities live on similar-sized plots. Australia, I thought is locked into equality while in India we are locked into inequality. Mukesh Ambani has proved it. 'This is the amount of urban space I control,' he is telling us by building that home. At the same time you have to be impressed. What a huge ivory tower!
We will be embarking on this investment, the largest we have ever undertaken, in all our five businesses simultaneouslyMore quotes »
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Mukesh Ambani's port, power firms get ready for big boom
It turns out that Reliance Industries Ltd (RIL) is not the only Mukesh Ambani company that’s planning massive capital expenditure. Weeks after the country’s largest private-sector company announced it planned to invest Rs 1,50,000 crore (Rs 1,500 billion from Rediff Read more »
Reliance Industries’ polyester capacity will reach 4mn tpy
Reliance Industries Limited (RIL) will be increasing its polyester production capacity from the current 2.5 million tons per year (tpy) to 4 million tpy. Addressing RIL’s 39th Annual General Meeting of its shareholders, chairman Mukesh Ambani said the co from Fibre2Fashion.com Read more »
Falling rupee: JOY for some firms, sorrow for others
Image: Mukesh Ambani, chairman of Reliance Industries Limited, poses for photographers before addressing the annual shareholders meeting in Mumbai Photographs: Danish Siddiqui/Reuters While several export-oriented Indian companies such as Cipla and Relia from Rediff Read more »
CMC green light for Reliance 4G network
The civic body has cleared the way for Mukesh Ambani’s Reliance to lay optical fibres along 700km of city roads to launch 4G services, apparently after a prod from the chief minister to speed up the process. A 4G network can provide Internet access at se from Calcutta Telegraph Read more »
Mukesh vs other Anil
Calcutta, June 10: Bengal’s showpiece but stricken project has set the stage for a possible bidding race between Mukesh Ambani and Anil. Not the Ambani brother but Anil Agarwal, whose Cairn India and Mukesh’s Reliance Industries Ltd are among the compani from Calcutta Telegraph Read more »