India makes inroads in Forbes billionaire list Four Indians, including steel behemoth ArcelorMittal's chief Lakshmi N. Mittal and India's biggest listed firm, Reliance Industries Ltd's (RIL) chairman Mukesh Ambani, are among the top 10 richest person in the world, Forbe's annual billionaire's list has revealed. 16 Mar 2008
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Reliance Communications to invest $500 million in Uganda Reliance Communications, an Anil Ambani group company, has acquired Uganda-based Anupam Global Soft, a company holding public infrastructure provider license (PIPL) and public service provider license (PSPL) issued by Uganda Communications Commission, and is targeting to invest around $500 million (Rs. 2,000 crore) in the region. 10 Mar 2008
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Reliance Energy announces $500 million share buy-back plan Anil Dhirubhai Ambani Group (ADAG) company Reliance Energy Limited (REL) announced, Wednesday, its board has approved buyback of shares worth upto Rs.2,000 crore ($500 million) in a bid to ward off volatility and speculative activity in its share price and improve the company's valuation. 08 Mar 2008
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Reliance Power slumps on debut; IPO appetite dulled Shares in India's Reliance Power sank as much as 21 percent in a chaotic debut on Monday as valuation concerns and global market turmoil dented investor demand following its $3 billion IPO, the country's largest. 11 Feb 2008
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Reliance Power says no pre-IPO placement Indian utility Reliance Power Ltd, which aims to raise up to $3 billion in the country's biggest initial public offer, will not make a private placement before the IPO this month, Chairman Anil Ambani said. 04 Jan 2008
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Reliance sets aside $27 billion for acquisitions, gas explorations Reliance Industries (RIL), India's most valuable firm in terms of market capitalisation and owner of world's third largest refinery, will be setting aside up to $15 billion for making "world-scale" acquisitions in the energy sector besides investing more than $12 billion for development of gas exploration off the country's east coast. 12 Dec 2007
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Starwood Hotels, Anil Ambani Group in JV talks to launch St. Regis brand The Anil Dhirubhai Ambani Group is reportedly in talks with New York-based Starwood Hotels & Resorts Worldwide Inc., to launch its upscale luxury hotel brand St. Regis through a special purpose vehicle (SPV), the Economic Times has reported. 21 Nov 2007
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Steel king Lakshmi Mittal beats Ambani brothers to retain richest Indian crown Steel tycoon Lakshmi N. Mittal, owner of the world’s largest steel group, ArcelorMittal, has topped the Indian rich list for the fourth year in a row, beating the Reliance brothers - Mukesh and Anil Ambani - with a wealth of $51 billion, popular business and lifestyle magazine Forbes said. 17 Nov 2007
