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Ambani brothers

August 7, 2012

It can be hard for founders to let go of their businesses. But if the family firm is going to survive they’ve got to know when the buzz is gone. 

The names trip easily off the tongue: Rothschild, Rockefeller, Sainsbury—the world is awash with great business dynasties. And, with one-third of Fortune 500 companies remaining in family hands, what are the best ways of securing the family fortunes through the generations? How can families pursue successful succession strategies?

November 3, 2011

The ongoing feud between India's Ambani brothers may be coming to an end, as Mukesh and Anil are reportedly discussing a cooperation agreement in the telecommunications sector, raising speculations that they may reunite the family business founded by their late father Dhirubhai Ambani.

The ongoing feud between India's Ambani brothers may be coming to an end, as Mukesh and Anil are reportedly discussing a cooperation agreement in the telecommunications sector, raising speculations that they may reunite the family business founded by their late father Dhirubhai Ambani.

June 23, 2011

India’s family-controlled Tata Group has become the country’s wealthiest company. The group, headed by Ratan Tata, said that its total market value is $98.7 billion, overtaking the combined value of fellow family-controlled Reliance groups. 

India’s family-controlled Tata Group has become the country’s wealthiest company. The group, headed by Ratan Tata, said that its total market value is $98.7 billion, overtaking the combined value of fellow family-controlled Reliance groups, worth a reported $81.6 billion.

The buoyant growth for the Tata Group comes following a rise in share price of its listed companies, while a string of controversies caused a slump in value of Reliance, controlled by the feuding Ambani brothers.

June 21, 2010

Reliance Broadcast Network, a subsidiary of the family-owned Reliance Anil Dhirubhai Ambani group, announced yesterday it has signed an initial agreement to form a joint venture with US-based CBS Studios International to launch a set of TV channels in India.

Reliance Broadcast Network, a subsidiary of the family-owned Reliance Anil Dhirubhai Ambani group, announced yesterday it has signed an initial agreement to form a joint venture with US-based CBS Studios International to launch a set of TV channels in India. 

This venture is a first for both companies as they attempt to access the growing TV market in the region. 

June 14, 2010

Mukesh Ambani, the second-generation head of Indian conglomerate Reliance Industries, announced on Friday that the business is to purchase a substantial stake in telecommunications company Infotel Broadband Services.

Mukesh Ambani, the second-generation head of Indian conglomerate Reliance Industries, announced on Friday that the business is to purchase a substantial stake in telecommunications company Infotel Broadband Services.
 
The acquisition puts Mukesh's company in direct competition with his brother Anil's Reliance Communications.
 

May 24, 2010

The bitter battle between India’s Amabni brothers, the world’s richest siblings, has taken a new twist after a joint statement this weekend announced the end of all existing non-competition agreements between their respective companies.

The bitter battle between India's Amabni brothers, the world's richest siblings, has taken a new twist after a joint statement this weekend announced the end of all existing non-competition agreements between their respective companies.
 
Mukesh Ambani, 53, and his brother Anil, 50, signed the non-competition agreements in 2006 following the splitting of their deceased father's Reliance empire into two separate entities, Reliance Industries and Reliance ADA Group, in 2005.

May 7, 2010

Mukesh Ambani, the billionaire head of Reliance Industries, has triumphed in the latest dispute with his brother Anil that saw a family disagreement taken to the Indian Supreme Court.

Mukesh Ambani, the billionaire head of Reliance Industries, has triumphed in the latest dispute with his brother Anil that saw a family disagreement taken to the Indian Supreme Court.
 
The court ruled this morning that Mukesh was not entitled to uphold a private family agreement that stated he would supply gas to his brother's company at below-market-price. Mukesh's lawyer confirmed to waiting journalists that the ruling "is a complete victory for Mukesh Ambani."
 

October 15, 2009

Blame the parents is an all too familiar refrain if next generation members run into problems when working for the family business, but in the case of India’s Ambani brothers they may just have a valid point, writes Katie Barker

Blame the parents is an all too familiar refrain if next generation members run into problems when working for the family business, but in the case of India's Ambani brothers they may just have a valid point, writes Katie Barker

In the ultimate sibling rivalry showdown, Anil and Mukesh Ambani go head to head in court next week to finally settle a feud that has been simmering away since they split their father's company in 2005.

October 12, 2009

Anil Ambani, the millionaire head of Reliance Anil Dhirubhai Ambani Group, has called for reconciliation with his estranged brother Mukesh Ambani, the head of Reliance Industries, in an ongoing feud over gas prices.

Anil Ambani, the millionaire head of Reliance Anil Dhirubhai Ambani Group, has called for reconciliation with his estranged brother Mukesh Ambani, the head of Reliance Industries, in an ongoing feud over gas prices.
 
In a statement released yesterday Anil said: "I sincerely believe that Mukesh and I can, even at this late stage, sort out all our disagreements, in a constructive, cordial and conciliatory manner, if we both commit to getting this done.
 

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