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Several business gods have stumbled at the task of planning succession. What can today's family business leaders learn from them?
According to the family agreement, the brand is owned equally by brothers Mukesh and Anil
The pre-wedding functions of Anant Ambani and Radhika Merchant began from Friday, 1 March and will go on till 3 March. Ceremony will mark the presence of big stars including pop icon Rihanna
Anant Ambani and Radhika Merchant's pre-wedding celebrations are set to happen on March 1, 2 and 3. With the celebrations about to begin, let's have a glance at their romantic story
The billionaire also set a target to grow RIL into the world's top ten conglomerates
Having created businesses ranging from world's largest single-location oil refining complex to nation's largest mobile network operators in just few years, billionaire Mukesh Ambani says his group Reliance Industries Ltd will never be complacent and will grow to be among the top 10 business conglomerates of the world. Addressing employees on Reliance Family Day - the birthday of the group's founder Dhirubhai Ambani, he said Reliance is now aiming to consolidate a place among global leaders in digital data platforms and AI adoption. "Today, the domestic and global environments for business are changing very fast. There is simply no room for complacency," he said. "Reliance was never complacent in the past, and Reliance will never be complacent in future." Reliance, he said, is known for "disrupting the market through constant innovation and reinvention." Starting with a small textile manufacturing unit in Mumbai, Reliance did backward integration -- it ventured into petrochemicals .
In which we munch over the week's platter of news and views
In which we munch over the week's platter of news and views
The last time a bear attack was launched on a businessman gaining prominence rapidly was in the early 1980s when a cabal of brokers took on "an over-priced Reliance share", recalls T N Ninan
Mukesh Ambani, who took over the reins of Reliance Industries Ltd (RIL) after the sudden demise of his legendary industrialist father Dhirubhai Ambani, completes 20 years at the helm during which the company saw a 17-fold jump in revenues, 20-times surge in profit and has become a global conglomerate. Following Dhirubhai's death in 2002, Mukesh and his younger brother Anil assumed joint leadership of Reliance. While the elder brother took over as the chairman and managing director, Anil was named vice chairman and joint managing director. The brothers, however, feuded over control, leading to a split with Mukesh assuming control of the gas, oil, and petrochemicals units as RIL, while Anil got telecommunications, power generation, and financial services units through a demerger. In 20 years that Stanford University-drop out Mukesh, 65, has been at the helm of RIL, the company has re-entered the telecom business, diversified in retail and new energy, and raised a record Rs 2.5 lakh ..
Another key reason for the recent stock surge, according to analysts at Jefferies, is the hope that the government may withdraw export duties on diesel and aviation fuel
Union Minister Nitin Gadkari urged investors to invest more in infrastructure projects for good returns.
Singh, 64, had undergone kidney transplant in 2011 and was not keeping well for a long time. He was admitted to a hospital in Singapore some eight months ago
Reserved and mostly invisible to the public, Modi is viewed by many insiders and others in India's business world as the right hand of billionaire Mukesh Ambani.
The govt matters less in brand and tech businesses, where consumer preferences and the building of a franchise are autonomous of policy, though policy does help in some ways, writes T N Ninan
Says his group hopes to play a part in making India emerge as an economic super power over the next decade
A bench of Chief Justice G Rohini and Justice Jayant Nath dismissed the plea saying no 'public interest' was involved