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reliance

July 18, 2008

The bitter battle between two leading Indian family heirs continues. Mukesh Ambani’s Reliance Industries has started arbitration proceedings against Reliance Communications, the part of the family empire controlled by younger brother Anil.

The bitter battle between two leading Indian family heirs continues. Mukesh Ambani's Reliance Industries has started arbitration proceedings against Reliance Communications, the part of the family empire controlled by younger brother Anil.

The action follows the failure of Anil to participate in meetings aimed at resolving a dispute over share ownership. Reliance Communications is currently negotiating with South African mobile telecoms group MTN over a merger.

Reliance Money forays into wealth management services

July 2, 2008

Reliance Money, part of Anil Ambani’s business empire, is to enter into the wealth management sphere.

Reliance Money, part of Anil Ambani's (pictured) business empire, is to enter into the wealth management sphere. The company, the largest broking and distribution house in India, wants to tap into the two million wealthy individuals in India, holding over $510 billion in liquid assets, who are projected to inhabit the country by 2011.

Indian power company issues bonus shares

February 25, 2008

Shareholders in a family-owned Indian power company have been given bonus shares to counteract the drop in value of their shares following an IPO.

Shareholders in a family-owned Indian power company have been given bonus shares to counteract the drop in value of their shares following an IPO. Reliance Power, which was founded by Anil Ambani (pictured) after a feud with his brother resulted in their father's company being split in two, raised a record-breaking $190 billion by the time the IPO closed on 18 January.

Ambani acquisition reopens old wounds

January 25, 2008

An acquisition by a leading member of one of India’s most powerful business-owning families has thrust a fractious sibling relationship back into the limelight.

An acquisition by a leading member of one of India's most powerful business-owning families has thrust a fractious sibling relationship back into the limelight.

Mukesh Ambani (pictured), chairman and managing director of Reliance Industries, the giant petrochemical manufacturer, has won an auction to be part of a major revolution in the game of cricket. The Board of Control for Cricket in India has sold the rights to eight teams in a newly created Indian Premier League, which will showcase the shortened Twenty20 version of the game.

Asia: Polar opposites

September 1, 2006

Indian family businesses are some of the most optimistic in the world, while UK family family businesses are the least. Anuj Chande, Vishesh Chandiok and Howard Hackney take a close look at what the future holds for family businesses in each country

Anuj Chande is an International Business Partner at Grant Thornton UK; Vishesh Chandiok is Country Director International Business at Grant Thornton India; Howard Hackney is Head of Family Business at Grant Thornton UK.