Reliance Jio got $530 million undue benefit: CAG

Last Updated: Saturday, May 9, 2015, 14:38

Reliance Industries Ltd`s telecoms unit got an undue benefit of about USD 530 million after the government allowed it to offer voice services over wireless broadband spectrum it had won in 2010, the Comptroller and Auditor General of India (CAG) said on Friday.

Undue gain of Rs 3,367 cr to RJio, Rs 499 cr to Airtel: CAG

Last Updated: Friday, May 8, 2015, 19:56

The CAG on Friday rapped the Telecom Ministry for giving Mukesh Ambani-led Reliance Jio Infocomm undue benefit of over Rs 3,367 crore by allowing it to provide voice calling on broadband spectrum, a charge the company vehemently denied.

Mukesh Ambani regains richest Indian slot from Dilip Shanghvi

Last Updated: Monday, April 27, 2015, 17:05

Industrialist Mukesh Ambani Monday regained his position as the world's richest Indian with a networth of USD 19.6 billion, as pharma tycoon Dilip Shanghvi slipped to the second place after remaining on the top for about seven weeks.

Reliance Retail FY15 revenue up 21% at Rs 17,640 crore

Last Updated: Friday, April 17, 2015, 17:03

Reliance Retail's revenue grew by 21.2 percent to Rs 17,640 crore in the fiscal ended March 31, 2015 on the back of a wide product offerings with value proposition.

Airtel deal could have led to violation of net neutrality: Flipkart

Last Updated: Tuesday, April 14, 2015, 19:18

Indian e-commerce company Flipkart`s chief executive officer Mukesh Bansal on Tuesday announced that the online retailer would not participate in the Airtel Zero Platform deal, opining that such a arrangement could lead to violation of the participles of net neutrality.

Policy needs to be same for Mukesh Ambani and common man: PM Modi

Last Updated: Thursday, April 9, 2015, 15:51

In a terse message to industry, Prime Minister Narendra Modi has blamed private sector of still being stuck with "legacy issues" like tax terrorism and selective exemption, and said that "red tape" can't be removed only for Mukesh Ambani and not for a common man.

Dilip Shanghvi overtakes Mukesh Ambani as richest Indian

Last Updated: Wednesday, March 4, 2015, 20:40

Pharma tycoon Dilip Shanghvi Wednesday surpassed Mukesh Ambani as the world's richest Indian with a net worth of USD 21.5 billion -- within two days of Reliance Industries chief being ranked India's wealthiest for 8th year.

RIL shares climb over 4% on LIC stake hike, earnings optimism

Last Updated: Tuesday, March 3, 2015, 18:14

Shares of RIL rose over 4 percent Tuesday, adding Rs 12,318.53 crore to investor wealth, on growing earnings optimism and as insurance major LIC increased its stake in the Mukesh Ambani-led firm to over nine percent.

India's billionaire population fourth highest; US on top

Last Updated: Tuesday, March 3, 2015, 17:39

India is home to the fourth largest number of billionaires across the world, while the US tops the charts followed by China and Germany.

Forbes Rich List 2015: Full list of Indians

Last Updated: Tuesday, March 3, 2015, 00:08

Here is the list of Indians on Forbes' Global Rich List with their global rank, name and net worth.

Mukesh Ambani richest Indian for 8th year; Bill Gates on top globally

Last Updated: Monday, March 2, 2015, 21:04

Mukesh Ambani has retained his position as the richest Indian for the eighth year in a row with a networth of USD 21 billion, while moving up one place on the global rich list that has been topped once again by software czar Bill Gates.

Isha, Radhika among Forbes' 12 'power businesswomen' from Asia

Last Updated: Thursday, February 26, 2015, 12:37

Isha Ambani and Radhika Piramal, the generation next of India Inc, have been named by Forbes magazine among its 12 "power businesswomen" from Asia who are well on their way to forging stellar reputations in their industries.