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Anil Ambani

October 13, 2014

India’s largest privately held company is introducing the third generation into the fold, with twins Isha and Akash Ambani joining the board of two of Reliance Industries’ subsidiaries.

India’s largest privately held company is introducing the third generation into the fold, with twins Isha and Akash Ambani joining the board of two of Reliance Industries’ subsidiaries.

Their father Mukesh Ambani is chief executive of the family-controlled business, which had revenues of $75 billion (€59 billion) in the last financial year.

The 23-year-old twins will each become directors of Reliance Jio Infocomm and Reliance Retail Ventures.

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?

January 24, 2012

Reconciliation between brothers Mukesh and Anil Ambani, who split the Indian family business founded by their father, is highly unlikely despite speculation that a truce is on the cards, according to a leading academic.

Reconciliation between brothers Mukesh and Anil Ambani, who split the Indian family business founded by their father, is highly unlikely despite speculation that a truce is on the cards, according to a leading academic.

“Business links” between Mukesh, who heads up Reliance Industries, and his younger brother Anil, who leads Reliance Group, will not be developed, reckons Kavil Ramachandran of the Indian School of Business.

February 21, 2011

Reliance Communications, India’s second-largest telecommunications company, saw its shares fall by almost 50% over the last year, and further dropped by nearly 7% last week amid corruption accusations.

Shares of the family-controlled telecommunications group, headed by second-generation Anil Ambani, had been one of the worst performers in India’s stock exchange last year, and had slipped from Rs 800 (€13) to Rs 93 (€1.5).

This fall in value of the flagship company adds more worry for Ambani, who is in the middle of a federal investigation by India’s anti-corruption body. He has been accused of selling mobile phone licenses to companies at a low price, which allegedly cost the Indian government around $39 billion.

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 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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