New Delhi orders probe on gas pricing

NEW DELHI, Feb. 12 (UPI) -- New Delhi's government called for a criminal probe of charges against federal oil minister Veerappa Moily, Reliance Industries Ltd.'s Chairman and Managing Director Mukesh Ambani and others following complaints of irregularities in the pricing of natural gas in the Krishna-Godavari basin.

Prince Charles to attend India charity gala in Mumbai

MUMBAI, Nov. 9 (UPI) -- A benefit for a charity established by Britain's Prince Charles will be packed with India's top talent, the event organizers said.

BP signs $7.2 billion deal with Reliance

LONDON, Feb. 21 (UPI) -- British oil giant BP said Monday it had signed a $7.2 billion deal to buy 30 percent of 23 gas and oil fields in India from Reliance Industries Ltd.

Ambani brothers at odds over MTN deal

MUMBAI, June 16 (UPI) -- India's Ambani brothers, among the world's wealthiest, find themselves at widening odds over a merger deal involving South African telecom giant MTN.

RIL to start Jamnagar refinery this year

NEW DELHI, June 13 (UPI) -- India's Reliance Industries said it will commission its two last projects, including a refinery in the city of Jamnagar, later this year.

UPI Energy Watch

Gazprom has predicted $250 per barrel oil by next year; The Alberta government has launched a $178 million new technology plan; India's Reliance Industries is continuing to expand.

RIL strikes second gas find in K-G basin

NEW DELHI, April 2 (UPI) -- India's private major Reliance India Ltd. says it has struck a second gas discovery in the Krishna-Godavari basin.

RIL to invest $2B in exploration sector

NEW DELHI, Jan. 17 (UPI) -- Indian company Reliance Industries Ltd. said it plans to invest $2 billion in oil exploration and production within six months.

RIL discovers gas off Andhra coast

NEW DELHI, Jan. 15 (UPI) -- Indian private major Reliance Industries Ltd. says it has discovered gas off the coast of Andhra Pradesh state.

Commentary: New geoeconomic paradigm

WASHINGTON, Nov. 26 (UPI) -- The largest ever foreign investment in Africa came from China. Qatar, with a population of half a million, is setting aside $100 billion a year for foreign investments, or twice as much as the developed world gives developing countries. This is the new geoeconomic paradigm. Can a geopolitical shift in the global correlation of forces be far behind?

Is India slowing down?

MUMBAI, Oct. 24 (UPI) -- Looking at the stock market, it has been boom and bust in India over the past week. After more than quadrupling in value in the last four years, it soared past 19,000, to collapse by more than 700 points last week when the financial authorities moved to put some controls on "hot" money coming in from overseas.
MARTIN WALKER, UPI Editor Emeritus

RIL refinery to come up before schedule

NEW DELHI, Oct. 17 (UPI) -- India's Reliance Petroleum Ltd. said work on its Jamnagar refinery is almost complete.

Fire hits refinery

JAMNAGAR, India, Oct. 25 (UPI) -- A fire broke out Wednesday in a refinery in India's western Gujarat state but the company said it expects no major production loss.

Indian company split between brothers

NEW DELHI, June 18 (UPI) -- Two brothers in charge of Indian industrial giant Reliance have ended a public feud by splitting the businesses between them.

India's film industry poised for growth

BOMBAY, March 18 (UPI) -- India's entertainment industry could ride the broadband wave to grow to $200 billion in the next 20 years, the head of India's largest conglomerate said.

Mukesh Dhirubhai Ambani (born on 19 April 1957) is an Indian business magnate. He is the chairman and managing director of Indian conglomerate Reliance Industries, the largest private sector enterprise in India listed in Fortune 500 magazine. His personal stake in Reliance Industries is 48%. On the 17th of August 2011, Reliance Industries Ltd. lost its status as India's most valuable firm. RIL , for long the favourite of Indian investors, was knocked off its four-year perch as the country's most valuable company, as fears over slowing gas production dragged its stock down almost 30% in 2011 and led to the first full day of trade with state owned Coal India on top.

In 2010, he was named among the most powerful people in the world by Forbes in its list of "68 people who matter most" As of 2011, he is the second richest man in Asia and the ninth richest man in the world with a personal wealth of US$27 billion. In 2007, a strong rally in the Indian stock market and the appreciation of the Indian rupee boosted the market capitalisation of Reliance group companies, briefly making him the world’s richest man. According to Forbes Magazine forecasts, he is expected to regain the title of the richest man in the world in 2014.

He is a member of the board of directors of Bank of America Corporation and a present member of the international advisory board of the Council on Foreign Relations.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Mukesh Ambani."
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