New York: Billionaire Indian industrialist Mukesh Ambani's wife Nita describes their 27-storey Mumbai house Antilia as a "modern home with an Indian heart" and the "only home we have in the world." The ultra-luxurious 400,000 sq feet Ambani mansion and its contents continue to fascinate people not only in India but also abroad. Vanity Fair, which interviewed Nita last November, will publish a few pictures from inside Antilia in its...
03:18 PM, May 17, 2012
Mumbai: Tata group firm TCS on Wednesday replaced Mukesh Ambani-led Reliance Industries as the country's most valued company in terms of market capitalisation, as investors rallied behind the shares of the IT giant. At the end of Wednesday's trade, Tata Consultancy Services (TCS) commanded a market value of Rs 2,48,116 crore, higher than Reliance Industries' Rs 2,43,413 crore. While RIL shares fell 0.25 per cent in an overall lacklustre market,...
04:23 AM, May 03, 2012
Mumbai: FMCG major ITC on Tuesday replaced Mukesh Ambani-led Reliance Industries Ltd (RIL) as the most influential stock on Indian bourses. Based on its weightage on the stock market's index Sensex, RIL slipped to the second position after ITC. At close on Tuesday, ITC grabbed the top slot in terms of Sensex weightage, which is measured by the value of a company's free-float or non-promoter shares that can be freely...
06:44 PM, Apr 17, 2012
Washington: Caught on the wrong foot over the detaining of Bollywood star Shah Rukh Khan at a US airport twice, Washington has asserted it was not a case of racial profiling or a pattern. Suggesting that Khan was not 'detained', but 'simply delayed', State Department spokesperson Mark Toner told reporters Friday: "I wouldn't necessarily look at this as some sort of pattern but rather two separate incidents." "Obviously, we've expressed...
03:51 PM, Apr 14, 2012
New York: Unfazed by his detention at a New York airport by US immigration authorities for a couple of hours, Bollywood superstar Shah Rukh Khan, joked about the incident later at Yale University, where he was honoured as a Chubb Fellow. Khan, who has millions of fans in India and around the world, was detained at New York's White Plains airport, about 35 miles from New York, when he arrived...
06:25 PM, Apr 13, 2012
Mumbai: Reliance Foundation Chairperson Nita Mukesh Ambani launched India's first registered national Braille newspaper in Hindi in association with CNN-IBN's Real Hero Swagat Thorat on Monday. It was Real Hero Thorat's dream to print India's first Braille newspaper in Hindi, and Reliance Foundation made his dream a reality. Nita Ambani launched 'Reliance Drishti' with Thorat as the chief editor, lighting up the lives of the blind and giving them their...
03:49 PM, Mar 20, 2012
Washington: Reliance India chairman Mukesh Ambani with a net worth of $22.3 billion emerged as the world's richest Indian in the Forbes list of billionaires featuring 48 Indians. India's top ten included Savitri Jindal & family (world rank 80), Sunil Mittal & family (113), Kumar Birla (116) Anil Ambani (118) Dilip Shanghvi (124) Shashi & Ravi Ruia (133) and Kushal Pal Singh (153). Ambani, despite losing $4.7 billion in the...
07:45 PM, Mar 08, 2012
New York: India is home to over four per cent of the world's billionaires, including the likes of the Ambani brothers, Azim Premji and NR Narayan Murthy alongside Warren Buffet and Bill Gates in Forbes magazine's annual list of the world's richest people. Forbes's list of 1226 billionaires is topped by Mexico's 72-year-old telecom czar Carlos Slim, boasting of a networth of $ 69 billion. Slim retained his title as...
08:26 AM, Mar 08, 2012
Mumbai: Mukesh Ambani-led Reliance Brands on Friday signed an exclusive franchising agreement with French luxury fashion major Louis Vuitton Moet Hennessy's brand Thomas Pink. Louis Vuitton had acquired the British brand Thomas Pink in 1999, and in India it will hawk a range of luxury shirts, ties, knitwear and accessories. "In Reliance Brands, we found a partner that not only understands and resonates our brand values but also has a...
08:03 AM, Mar 03, 2012
New Delhi: Reliance Industries on Friday reported a 13.6 per cent drop in net profit to Rs 4,440 crore for the third quarter ended December 31, 2011. The company's net profit stood at Rs 5,136 crore in the same period a year ago, the company said in a press statement in New Delhi. The company's turnover was up 40.2 per cent at Rs 87,480 crore in the third quarter. RIL...
06:16 PM, Jan 20, 2012
New Delhi: Reliance Industries (RIL) is mulling a buyback and if its gets the go-ahead from the board on Friday, this will be India's largest buyback programme ever. Analysts say assuming a minimum 10 per cent of net-worth, Reliance will have to commit Rs 16,000 crore for the buyback. The buyback is coming after 7 years and it may rank biggest in India's stock market history. What this buyback means...
09:59 AM, Jan 20, 2012
New Delhi: In a significant move, Network 18 and TV 18 announced an expansion into regional news and entertainment on television through a Rs 2,100-crore acquisition of ETV channels. Both the companies also announced rights issues for themselves, each amounting to Rs 2,700 crore. The proceeds will be used to make both the companies debt-free, finance the ETV acquisition, and fund working capital requirements. Importantly, Raghav Bahl will retain management...
03:48 PM, Jan 03, 2012
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Disclaimer: Network18 Media & Investments Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
