Share |

reliance

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.

Mukesh triumphs in Ambani feud final ruling

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."

Succession issues overshadow Ambani court showdown

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.

Anil Ambani seeks reconciliation before family feud goes to court

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.

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.

Anil Ambani advertises feud with brother

August 19, 2009

The ongoing feud between India’s Ambani brothers over gas prices hit a new low yesterday when younger brother Anil launched a media campaign asking the public for their opinions on the dispute.

The ongoing feud between India's Ambani brothers over gas prices hit a new low yesterday when younger brother Anil launched a media campaign asking the public for their opinions on the dispute.

Ambani family pact “threatens state ownership of natural resources”

July 27, 2009

The ongoing dispute between India’s Ambani brothers is set to continue after a Bombay High Court ruling was thrown into doubt by the government last week.

The ongoing dispute between India's Ambani brothers is set to continue after a Bombay High Court ruling was thrown into doubt by the government last week.

The ruling, taken last month, upheld a private family agreement made in 2005 that stated younger brother Anil should receive below-market-price gas from his brother Mukesh's company Reliance Industries.

Anil triumphs in latest Ambani brothers dispute

June 16, 2009

In the latest instalment of the feud between India's billionaire Ambani brothers, younger brother Anil has emerged triumphant.

In the latest instalment of the feud between India's billionaire Ambani brothers (pictured), younger brother Anil has emerged triumphant. Yesterday, the 49-year-old won the right to receive below-market-price gas from brother Mukesh's company, in a move that could cost the latter Ambani billions.

Anil Ambani files $2 billion lawsuit against his brother

September 26, 2008

The Ambani brothers have clashed repeatedly in the years since their father died and his wife divided up the family’s Reliance empire between them.

The Ambani brothers have clashed repeatedly in the years since their father died and his wife divided up the family’s Reliance empire between them.

But the depth of their ill feeling can now be revealed after the news agency Press Trust of India reported that Anil is seeking damages worth $2 billion and has demanded an apology from elder brother Mukesh.