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Ambani

August 31, 2018

Dyson to build $260 electric car test site, South Korea’s regulators slap new rules on family-run chaebols, Power unit sale helps lift Reliance debt burden.

Dyson unveils $260 million test track for electric vehicles

A year after announcing it would join the electric car race, UK technology firm Dyson has revealed its plans to convert a former airfield in Southern England into a 17km test track and extensive electric vehicle (EV) testing centre.

Dyson, headed by the dynamic UK inventor Sir James Dyson (pictured), bought Hullavington Airfield, Wiltshire several years ago and plans to spend up to £200 million ($260 million) converting it into a EV testing centre.

May 24, 2012

No charges have been filed against the Ambani family, which controls Reliance Group, despite the decision by a British authority to ban a former UBS banker for setting up an illegal vehicle for the Indian family.

No charges have been filed against the Ambani family, which controls Reliance Group, despite the decision by a British authority to ban a former UBS banker for setting up an illegal vehicle for the Indian family.

A statement from Reliance Group, headed by Anil Ambani, said the family members were “neither party to the proceedings, nor represented therein”.

October 29, 2010

Reliance Power, the Indian energy company controlled by Anil Ambani, has ordered $10 billion worth of power generation equipment from Shanghai Electric Group.

Reliance Power, the Indian energy company controlled by Anil Ambani, has ordered $10 billion worth of power generation equipment from Shanghai Electric Group.
 
The deal is not only one of the biggest done by any family-controlled company this year, but it is the largest ever single business relationship between India and China, according to Ambani.
 
Shanghai Electric will supply 42 coal-based power generation units of 660MW each and will also supply spare parts, services and training in India.

September 6, 2010

An $11 billion deal to create the world's largest independent telecom infrastructure company has collapsed, the Ambani family, who was behind the deal, announced on Monday.

An $11 billion deal to create the world's largest independent telecom infrastructure company has collapsed, the Ambani family, who was behind the deal, announced on Monday.

The deal between Reliance Infratel, a subsidiary company of the Ambani family-controlled Reliance Communications, and GTL Infrastructure was announced in June and was set to become the largest deal involving a family company this year.

Reliance, headed by billionaire Anil Ambani (pictured), gave no reason for the failure of the deal, but said it was now speaking to other parties.

August 25, 2010

M&A is back. After a couple of years of stagnation, deal flow has increased markedly in the first six months of 2010 and family businesses around the world are, as usual, right at the forefront.

M&A is back. After a couple of years of stagnation, deal flow has increased markedly in the first six months of 2010 and family businesses around the world are, as usual, right at the forefront.

August 19, 2010

Reliance Broadcast Network, a subsidiary of the family-owned Reliance Anil Dhirubhai Group, announced 18 August it has signed a joint venture agreement with US-based CBS Studios International to provide a new set of TV channels in India.

Reliance Broadcast Network, a subsidiary of the family-owned Reliance Anil Dhirubhai Group, announced 18 August it has signed a joint venture agreement with US-based CBS Studios International to provide a new set of TV channels in India.

Reliance and CBS will both have a 50% equity share in the new company, called BIG CBS Networks, which will initially create three new English language TV channels. The deal is a first for both companies as they attempt to tap into India's growing TV market.

June 29, 2010

Anil Ambani’s Reliance Communications company has agreed an $11 billion deal to create the world’s largest independent telecom infrastructure company.

Anil Ambani's Reliance Communications company has agreed an $11 billion deal to create the world's largest independent telecom infrastructure company.

Reliance Infratel, a subsidiary of Reliance Communications, will merge its tower assets with GTL Infrastructure, part of Global group and the largest independent tower company in India.

As part of the deal, Reliance Infratel will retain its ownership of India's largest optic fibre network of over 200,000km and related assets, and gain free listed shares in the merged entity.

March 17, 2010

The perils of owning and managing a family business are a regular feature of www.campdenFB.com, writes Katie Barker. Sibling rivalry, a lack of succession planning and leaders who are unable to let go are just some of the problems that can result in family feuds, PR catastrophes or even the sale of the business

The perils of owning and managing a family business are a regular feature of www.campdenFB.com, writes Katie Barker. Sibling rivalry, a lack of succession planning and leaders who are unable to let go are just some of the problems that can result in family feuds, PR catastrophes or even the sale of the business.

March 11, 2010

Mexican telecommunications baron Carlos Slim has overtaken Microsoft owner Bill Gates and legendary investor Warren Buffet to take the top spot in a list of the world’s richest people.

Mexican telecommunications baron Carlos Slim (pictured) has overtaken Microsoft owner Bill Gates and legendary investor Warren Buffet to take the top spot in a list of the world's richest people.
 
Slim, who runs the empire with his family, has an estimated fortune of $53.5 billion, which he increased by $18.5 billion last year. He is the first non-American to top the list in 16 years. Gates and Buffet come in second and third with an estimated $53 billion and $47 billion respectively.
 

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