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In March 2022, Anil Ambani stepped down from the boards of Reliance Infrastructure and Reliance Power. In August 2024, SEBI banned Anil Ambani from the securities market for five years on charges of diversion of funds.
Anil Ambani is the youngest son of the founder of Reliance Industries, Dhirubhai Ambani and his wife Kokilaben Ambani. Ambani has said that his father would lead the brothers on "incentive-oriented outings" where they would be rewarded with a box of mangoes for a 10-km (6 mile) hike, but also punished them for acting out in front of guests. [9]
Once the world's sixth-richest billionaire, Anil Ambani declared himself a pauper to Chinese banks in 2020.
In February 2019, the Supreme Court has held Anil Ambani and three others guilty of contempt of court and directed them to make payments by 19 March. In the meantime, Mukesh Ambani , the elder brother of Anil helped him with a bailout of ₹ 4.63 billion (equivalent to ₹ 5.8 billion or US$66 million in 2023) which he paid just a day before ...
Reliance, owned by billionaire Mukesh Ambani, launched the app on Saturday morning, said a person with direct knowledge of Reliance's launch plans. The firm did not announce the launch.
Over the past year, a number of high-profile companies have done about-faces on diversity, including Meta (), Walmart (), McDonald's (), Lowe’s (), Ford (), Tractor Supply (), and John Deere ...
The Ambani family holds around 45% of the shares in RIL. [127] Since its inception, the company was managed by its founder and chairman Dhirubhai Ambani. After suffering a stroke in 1986, he handed over the daily operations of the company to his sons Mukesh Ambani and Anil Ambani. After the death of Dhirubhai Ambani in 2002, the management of ...
It also covers the legal dispute between Mukesh Ambani and Anil Ambani over the pricing of gas supply between their two firms. [ 3 ] [ 4 ] It discusses technical issues of deep-sea drilling. It also includes an investigative report prepared by the Comptroller and Auditor General of India (CAG) of the alleged malpractices of Reliance Industries ...