non-competition agreement

Family companies Reliance and CBS in joint venture in India

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.

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

Ambani brothers to compete in business as Mukesh purchases telecoms firm

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.

The acquisition puts Mukesh's company in direct competition with his brother Anil's Reliance Communications.

Ambani brothers end non-competition agreements

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.