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mukesh ambani

February 23, 2015

One of India’s greatest entrepreneurial success stories, the Ambanis, are also one of its most infamous dynasties, owing to a long-running public feud which broke out between the late patriarch’s sons.

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?

March 5, 2012

Carlos Slim, who controls Mexican conglomerate Grupo Carso, is the richest person in the world, with a fortune of about $68.5 billion (€51.9 billion). 

Carlos Slim, who controls Mexican conglomerate Grupo Carso, is the richest person in the world, with a fortune of about $68.5 billion (€51.9 billion).

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.

March 17, 2011

Chairman of family-controlled Reliance Industries, Mukesh Ambani, has been named a director at Bank of America Corporation, the first family business head to join the board.

Chairman of family-controlled Reliance Industries, Mukesh Ambani, has been named a director at Bank of America Corporation, the first family business head to join the board.

The Bank of America said in a statement on 16 March that Ambani will stand for election to the board at the bank’s annual meeting of shareholders next month. When appointed, the second-generation head of India’s biggest conglomerate will become the first non-US citizen to sit on the bank’s board.

March 16, 2011

Lawyers are taking advantage of the erosion of trust between family businesses and their banks. The best ones, says David Bain, are linking their corporate and private client practices - and offering more than just divorce and tax advice

Mukesh Ambani knows the importance of a good lawyer. The billionaire head of Reliance Industries employed one of India’s most prominent lawyers to win a case last year against his fiercest competitor – brother Anil.

January 17, 2011

Privately owned real estate and entertainment company, the Trump Organisation, has announced plans to enter the Indian property market with a luxury residential tower in the city of Mumbai.

Privately owned real estate and entertainment company, the Trump Organisation, has announced plans to enter the Indian property market with a luxury residential tower in the city of Mumbai.

The New-York based company, owned and managed by Donald Trump, is to work with Indian developers Rohan Lifescapes for its first venture in India, said a report in Bloomberg.

Executive vice president, Donald Trump Jr, told Bloomberg: "The market place (in India) is beginning to understand and appreciate luxury, so there is a great opening for us there, as well as in resorts"

August 31, 2010

Mukesh Ambani’s Reliance Industries has continued its diversification drive with the purchase of a minority stake in family-run luxury hotel group Oberoi.

Mukesh Ambani's Reliance Industries has continued its diversification drive with the purchase of a minority stake in family-run luxury hotel group Oberoi.

Reliance Industries Investment and Holding Private Limited, a wholly owned subsidiary of Reliance Industries, has acquired a 14.12% stake in Oberoi subsidiary EIH for $217 million.

In a statement, Reliance said it had decided to make an investment as "the Oberoi family had developed Oberoi Hotels into a premier international brand".

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