New Delhi: CPI MP Gurudas Dasgupta has asked Prime Minister Manmohan Singh to intervene in a gas deal that he says deliberately favours Mukesh Ambani's Reliance Industries Limited (RIL).
Dasgputa also called for Oil Minister Veerappa Moily to step down for favouring RIL. He said if RIL's sale price of gas to the government is accepted, the government's subsidy burden would rise by Rs 36,000 crore.
He said the corresponding profit to RIL would be Rs 32,400 crores. "It is a mega scam. Our Petroleum Minister is working consistently to favour Reliance. This is helping Reliance earn massive profits and is damaging the Indian economy," he alleged.
But the government downplayed his comments. "We have not seen the proposal. When a proposal comes, it has to be approved by the Cabinet. Why is Gurudas Dasgupta jumping the gun. No decision has been made so far," said Minister of State for Personnel V Narayanasamy....
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11:23 AM, May 24, 2013
New Delhi: The CRPF, which recently took over the duties of guarding RIL chairman Mukesh Ambani, has raised concerns in ensuring a 'fool proof' Z category security to the business tycoon in the absence of local logistical support to its squad. The para-military force has written to the Union Home ministry alerting it about possible limitations its personnel may face in the event of an attack on Ambani who has...
02:02 PM, May 19, 2013
New Delhi: Reliance Industries' billionaire chief Mukesh Ambani has kept his annual salary capped at Rs 15 crore for the fifth year in a row, while foregoing nearly Rs 24 crore from the remuneration approved for him by shareholders. Ambani has kept his salary at the country's biggest private sector entity, RIL, unchanged at this level since the fiscal 2008-09. "The Chairman and Managing Director's compensation has been set at...
02:00 PM, May 12, 2013
New Delhi: The Supreme Court on Wednesday hauled up the government over the flailing security situation in the capital asking what was the need for providing Z-category security to Reliance Industries Limited chairman and CEO Mukesh Ambani when the common man had none. "Individuals are given security, but what about the security of the common man," the apex court asked. "The 5-year-old child would not have been raped if there...
05:22 PM, May 01, 2013
Washington: Prime Minister Manmohan Singh and Congress President Sonia Gandhi are among 16 Indians who have found a place in the prestigious Foreign Policy magazine's list of the 500 most powerful people on the planet. Apart from them, Finance Minister P Chidambaram, Defence Minister AK Antony and External Affairs Minister Salman Khurshid are also in the list. Indian spiritual leaders Baba Ramdev and Sri Sri Ravishankar are also in the...
04:45 PM, May 01, 2013
New Delhi: Reliance Industries' telecommunications arm will use Bharti Airtel's submarine cable network to provide data connectivity across Asia Pacific, the two Indian companies said on Tuesday. The i2i cable network connects India to Singapore and is wholly owned by Bharti, India's top mobile phone carrier. Bharti and Reliance Jio Infocomm Ltd, unit of Mukesh Ambani-controlled Reliance Industries, will continue to build on this "strategic framework" and consider other mutual...
11:47 AM, Apr 23, 2013
New Delhi: Left parties on Monday lashed out at the government for providing armed commando cover to top corporate leader Mukesh Ambani, saying the common people have been left in the lurch as gruesome incidents of rape keep happening. "It is unprecedented that at a time when such ghastly and gruesome incidents of rape are taking place and people are demanding more security, Z-plus category of security is given to...
04:20 PM, Apr 22, 2013
New Delhi: Reliance Industries Ltd Chairman Mukesh Ambani has said he will be paying for his Z-category security. The DG of CRPF had earlier told CNN-IBN that it would cost Rs 14 lakh a month to provide Mukesh Ambani the security which includes salary, supervision and escort charges. Earlier, Arvind Kejriwal of the Aam Admi Party had protested against the VIP security being provided to Mukesh Ambani. Mukesh Ambani is...
02:59 PM, Apr 22, 2013
New Delhi: Reliance Industries Ltd Chairman Mukesh Ambani is the new entrant to the 'Z' category VIP security club after the Union Home Ministry recently approved an armed commando squad following threat perception to the business tycoon. The Home Ministry has tasked country's lead anti-Naxal operations force CRPF to take the responsibility with immediate effect after the proposal to this effect was cleared by the office of Home Minister Sushil...
05:54 PM, Apr 21, 2013
London: India's leading industrialist brothers, Mukesh and Anil Ambani, have been together listed as 20th richest in the world in the Sunday Times Rich List 2013. The brothers, who have separate industrial empire in India, have been clubbed together under the category of Petrochemicals and they are jointly assessed worth 17 billion pounds as against 19 billion pounds in 2012. The Hinduja brothers, Srichand and Gopichand Hinduja, Chairman and Co-Chairman...
12:59 PM, Apr 21, 2013
Mumbai: Indian conglomerate Reliance Industries Ltd posted a 32 per cent rise in its quarterly profit on Tuesday, as a rebound in margins at its core refining business offset falling oil and gas revenue. Reliance, controlled by India's richest man, Mukesh Ambani, said net profit in its fiscal fourth quarter which ended on March 31 rose 32 per cent from a year earlier to a higher-than-expected 55.89 billion rupees. Revenue,...
07:27 PM, Apr 16, 2013
Mumbai: Mumbai police is mulling over a proposal sent by the office of Reliance Industries Ltd (RIL) Chairman Mukesh Ambani to set up a police chowki at his sprawling residential building 'Antilia' in Altamount Road in Mumbai. The proposal comes in the wake of a letter purportedly by terrorist outfit Indian Mujahideen in February threatening to harm Ambani and damage his residence Antilia for "supporting Gujarat Chief Minister Narendra Modi...
05:44 PM, Apr 13, 2013
Shares in Reliance Communications extended gains on Wednesday, a day after announcing a fiber optic network sharing deal with Reliance Jio Infocomm, a unit of Reliance Industries, which is widely seen as benefiting both companies. ...
10:10 AM, Apr 03, 2013
Amid an intense selling pressure in the stock market, the two Reliance groups headed by Mukesh and Anil Ambani have seen their respective market values skid by about Rs 10,000 crore each in a week's time. ...
03:50 PM, Mar 24, 2013
Nita Ambani, Chairperson of Reliance Foundation and wife of Mukesh Ambani Chairman and Managing Director of Reliance Industries, at the 'Reliance Bij - Bharat India Jodo' campaign at Salarpur village. ...
11:51 AM, Mar 21, 2013
Bank of America Corp said director Mukesh Ambani will step down at the bank's annual shareholder meeting in May in the latest reshaping of the No 2 US bank's board. ...
02:59 AM, Mar 16, 2013
Mukesh Ambani retained the top spot among Indians on Forbes' annual list of the world's billionaires on Monday with an estimated worth of $21.5 billion. The head of Reliance Industries was placed 22nd on a list headed by Mexican tycoon Carlos Slim. ...
08:21 PM, Mar 04, 2013
India will allow wireless broadband airwave holders to provide voice services if they pay an additional $ 306 million, a senior government official said on Monday, a move likely to boost billionaire Mukesh Ambani's Reliance Industries Ltd. Reliance Industries, controlled by India's richest man, is the only company with nationwide fourth-generation (4G) broadband airwaves. The company re-entered the fiercely competitive sector by buying airwaves in a 2010 auction and has...
03:41 PM, Feb 18, 2013
In an exclusive interview to CNN, Reliance Industries Limited Chairman Mukesh Ambani said that he was bullish on India and that he was more than thrilled with the India growth story. ...
11:21 AM, Feb 11, 2013
Mukesh Ambani exudes optimism over India's long-term growth, says a billion aspirations will ensure prosperity. ...
08:52 AM, Feb 11, 2013
