Mukesh Ambani
Mukesh Ambani is the world's richest man, his wealth just passed Bill Gates.
Mukesh Ambani-firm Reliance Industries (RIL) today told the Supreme Court that the family MoU of 2005 was irrelevant for arriving at a suitable arrangement for the supply of gas to brother Anil Ambani's Reliance Natural Resources (RNRL).
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From business-standard.com
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MUMBAI, Nov 10 (Reuters) - India's Reliance Industries said on Tuesday reports of a meeting between the billionaire Ambani brothers to settle a gas-pricing dispute were baseless. Reliance Industries, controlled by billionaire Mukesh Ambani, is ...
From search.msn.com
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- Brothers in the News: Anil and Mukesh Ambani (search.live.com)
- Ambani court case halted over judge conflict (timesonline.co.uk)
- Ambani Brothers Square Off In India's Supreme Court (search.msn.com)
New Delhi, Nov 10 (IANS) Anil Ambani-led Reliance Natural Resources Ltd (RNRL) Tuesday opposed a move initiated by the oil ministry to become a party to the dispute over natural gas with Mukesh Ambani’s Reliance Industries and termed the attempt “dishonest and collusive”.
“Reliance Natural Resources objects to the leave to appeal to be granted to [...]
From thaindian.com
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- Supreme Court to hear Ambani case again (news.indiaid.com)
- Ambani case stalled for a day over conflict of interest (news.indiaid.com)
- Why not go for arbitration: Court on Reliance gas dispute (feedburner.com)
NEW DELHI: Mukesh Ambani-run Reliance Industries announced discovery of an oilfield 130 km from Ahmedabad in Gujarat, its second major find after the offshore MA field in the Krishna Godavari basin....
From story.indiagazette.com
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- Reliance Industries also objects to 17-year gas supply tenure (feedburner.com)
New Delhi, Nov 10 (IANS) Mukesh Ambani-led Reliance Industries Tuesday said it has discovered oil in an onland block in Gujarat’s Cambay basin.
The oil discovery in the block CB-ONN-2003/1 (CB 10 A&B) was the first one in hydrocarbon blocks auctioned in the fifth round of government auction, the company said in a statement.
Reliance Industries [...]
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From thaindian.com
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Mukesh Ambani Group firm Reliance Industries (RIL) and Anil Ambani's Reliance Natural Resources (RNRL) today joined hands to oppose the plea of a shareholder in both the companies to be made party in their ongoing dispute in the Supreme Court over the gas price to be supplied from the KG basin.
From business-standard.com
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- RIL becomes 1st private firm to buy Cairn crude (story.indiagazette.com)
- Amend petition against NTPC in two weeks: HC asks RIL (business-standard.com)
- 'Higher RIL gas price won't hit NTPC' (story.indiagazette.com)
NEW DELHI: Locked in a bitter legal battle over supply and pricing of natural gas, Mukesh Ambani's RIL and Anil's RNRL buried the hatchet to jointly oppose a petition in Supreme Court seeking discl...
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From story.indiagazette.com
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His Education
Mukesh Ambani holds a Bachelor of Chemical Engineering from the University Department of Chemical Technology (UDCT)( www.udct.org), which is now known as University of Mumbai, Institute of Chemical Technology (UICT). He began the MBA program at Stanford Business School, but dropped out after his first year in order to assist in his father's ongoing efforts to build the Patalganga petrochemical Plant.
His Business Career
Mukesh Ambani joined Reliance in 1981 and initiated Reliance's backward integration from textiles into polyester fibres and further into petrochemicals. In this process, he directed the creation of 60 new, world-class manufacturing facilities involving diverse technologies that have raised Reliance's manufacturing capacities from less than a million tonnes to twelve million tonnes per year.
He directed and led the creation of the world's largest grassroots petroleum refinery at Jamnagar, India, with a present capacity of 660,000 barrels per day (33 million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure, at an investment of Rs 100000 crore (nearly $26 billion USD).
Mukesh Ambani has set up the largest and most complex information and communications technology initiative in the world in the form of Reliance Infocomm Limited. Covering more than 1,100 towns and cities across India, Reliance Infocomm offers the full range of voice, data, video and value added services, on the strength of 80,000 kilometers of optic fibre-based terabit infrastructure, at the lowest entry cost and services cost anywhere in the world. However, Reliance Infocom now is under ADAG (Anil Dhirubhai Ambani Group) post the brothers' split.
Mukesh Ambani is also steering Reliance's initiatives in a world scale, offshore, deep water oil and gas exploration and production program, a pan-India petroleum retail network involving 5,800 outlets and a research-led life sciences initiative covering medical, plant and industrial biotechnology.
Crazy Wealth
The combined market capitalization of the four Mukesh Ambani Group companies -- RIL, Reliance Petroleum (RPL), IPCL and Reliance Industrial Infrastructure Ltd (RIIL) has crossed the Rs 500,000 crore mark Which is about half less from the trillionare SHAWN MEHTA The total promoter holding in these companies is worth over Rs 200,000 crore (US$ 50 billion). On 26th Sept 2007, Ambani was declared 5th richest person in the world, next to Carlos Slim Helú, Bill Gates and Warren Buffet.
As of 5th October 2007, his net worth was calculated at $55.8 billion, making him world's 3rd wealthiest person after Carlos Slim Helú ($68b) and Bill Gates ($59b).
On 29th October 2007, Ambani's net worth totaled US$63.22 billion due to a rally in the share prices of his companies. With this, he has been thought to have surpassed Helú and Gates to become the richest man in the world, as reported by Indian news agencies.
His Family
Ambani is the son of one of the most prominent industrialists in India, the late Dhirubhai Ambani. His brother Anil Ambani heads other companies in the Reliance Group. The Ambani brothers had a well-publicized spat after their father's death, which led to the Reliance Group being split between the two.
Mukesh Ambani is married to Nita Ambani, who looks after the social and charitable arm of Reliance Industries. They have 3 children: Akash, Isha and Anant.
Ambani is currently building a US$1 billion residential building, Antilia in Mumbai for his family. It is expected to be ready in September 2008.
Source: Wikipedia
Mukesh Ambani holds a Bachelor of Chemical Engineering from the University Department of Chemical Technology (UDCT)( www.udct.org), which is now known as University of Mumbai, Institute of Chemical Technology (UICT). He began the MBA program at Stanford Business School, but dropped out after his first year in order to assist in his father's ongoing efforts to build the Patalganga petrochemical Plant.
His Business Career
Mukesh Ambani joined Reliance in 1981 and initiated Reliance's backward integration from textiles into polyester fibres and further into petrochemicals. In this process, he directed the creation of 60 new, world-class manufacturing facilities involving diverse technologies that have raised Reliance's manufacturing capacities from less than a million tonnes to twelve million tonnes per year.
He directed and led the creation of the world's largest grassroots petroleum refinery at Jamnagar, India, with a present capacity of 660,000 barrels per day (33 million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure, at an investment of Rs 100000 crore (nearly $26 billion USD).
Mukesh Ambani has set up the largest and most complex information and communications technology initiative in the world in the form of Reliance Infocomm Limited. Covering more than 1,100 towns and cities across India, Reliance Infocomm offers the full range of voice, data, video and value added services, on the strength of 80,000 kilometers of optic fibre-based terabit infrastructure, at the lowest entry cost and services cost anywhere in the world. However, Reliance Infocom now is under ADAG (Anil Dhirubhai Ambani Group) post the brothers' split.
Mukesh Ambani is also steering Reliance's initiatives in a world scale, offshore, deep water oil and gas exploration and production program, a pan-India petroleum retail network involving 5,800 outlets and a research-led life sciences initiative covering medical, plant and industrial biotechnology.
Crazy Wealth
The combined market capitalization of the four Mukesh Ambani Group companies -- RIL, Reliance Petroleum (RPL), IPCL and Reliance Industrial Infrastructure Ltd (RIIL) has crossed the Rs 500,000 crore mark Which is about half less from the trillionare SHAWN MEHTA The total promoter holding in these companies is worth over Rs 200,000 crore (US$ 50 billion). On 26th Sept 2007, Ambani was declared 5th richest person in the world, next to Carlos Slim Helú, Bill Gates and Warren Buffet.
As of 5th October 2007, his net worth was calculated at $55.8 billion, making him world's 3rd wealthiest person after Carlos Slim Helú ($68b) and Bill Gates ($59b).
On 29th October 2007, Ambani's net worth totaled US$63.22 billion due to a rally in the share prices of his companies. With this, he has been thought to have surpassed Helú and Gates to become the richest man in the world, as reported by Indian news agencies.
His Family
Ambani is the son of one of the most prominent industrialists in India, the late Dhirubhai Ambani. His brother Anil Ambani heads other companies in the Reliance Group. The Ambani brothers had a well-publicized spat after their father's death, which led to the Reliance Group being split between the two.
Mukesh Ambani is married to Nita Ambani, who looks after the social and charitable arm of Reliance Industries. They have 3 children: Akash, Isha and Anant.
Ambani is currently building a US$1 billion residential building, Antilia in Mumbai for his family. It is expected to be ready in September 2008.
Source: Wikipedia

