Asia China Companies Indian Subcontinent Industries Life Style

School dropout Construction worker Zhong dethroned Ambani’s Asia Top wealth ranking

India’s market regulator SEBI has said on Friday it fined Reliance Industries 250 million rupees ($3.42 million) and its chairman Mukesh Ambani 150 million rupees, in relation to trading Reliance Petroleum shares. For more than a month facing brutal cold 35 farmers died in Delhi outskirts where they were agitating against Modi government farm laws Read More…

Agriculture BJP Companies Indian Subcontinent Industries Market North India Voice

Jio hit by Farmers agitation knocks regulator door as millions opts for Port out option

Reliance Industries Ltd’s telecom division has asked the Indian telecoms regulator to take action against rivals Bharti Airtel and Vodafone Idea Ltd for allegedly running a false propaganda campaign to attract its subscribers.   In a letter dated Dec. 10, Reliance Jio alleged that the two companies had created an impression that Reliance which also Read More…

Agriculture BJP Life Style Opinion

Sr. Journalist question Ambani’s control of over 85% viewership in TV Channels

The Financial Times last month called Gautam Adani as ‘Modi’s Rockefeller’ and referred to his meteoric rise during the Modi regime.   And in an open letter to Mukesh Ambani that went viral, senior journalist Binu S Thomas pointed out the monopolistic tendencies of Reliance Industry and explained why he would be logging out of Read More…

Agriculture BJP North India Protest

Amit Shah fails, Indian Farmers call for boycott of Adani Ambani Products

India’s farmers on Wednesday rejected the government’s proposal to amend three controversial laws and said they would step up protests seeking withdrawal of these laws which they said would harm their economic interests while helping big food retailers. “The farmers have rejected the government’s proposals,” Darshan Pal, president of Krantikari Kisan Union, told reporters after Read More…

Banks Companies High Court North India

Delhi High Court accepts Anil Ambani argument and stayed insolvency resolution process

The Delhi High Court Thursday put on hold the insolvency resolution process (IRP) proceedings against Reliance Communications (RCom) Chairman Anil Ambani in relation to recovery of Rs 1,200 crore loans given by SBI to his two firms. A bench of Justices Vipin Sanghi and Rajnish Bhatnagar, while putting on hold the IRP under the Insolvency Read More…

Companies Indian Subcontinent Industries Supreme Court Technology

Modi Govt butress Spectrum to Jio , Airtel using solvency route : Supreme Court reserves verdict

After several rounds of hearings and a year later, the Supreme Court has reserved its judgment on the adjusted gross revenue (AGR) case.   On the last day of hearing on Monday, the court warned that if telecom companies are unwilling to pay their dues, it would direct the Union government to cancel their spectrum Read More…

Companies Industries Supreme Court

Mukesh’s Jio uses Anil’s Spectrum and Solicitor General stand expose new Spectrum scam on cards

The Supreme Court on Monday asked the government to explain why Reliance Jio, which is earning revenue by sharing Reliance Communication’s (RCom) spectrum, be not asked to pay the Adjusted Gross Revenue (AGR) related dues to the government.   The government told the top court there is a difference of opinion between two ministries (Department Read More…

Asia Companies Industries Market World

Mukesh Ambani now 4th Richest man in the Globe

Mukesh Ambani surpassed Europe welatiest man LVMH Chairman Bernard Arnault to become the fourth-richest man in the world.   Earlier in the year, Ambani had gone past Berkshire Hathaway Chairman Warren Buffett, Tesla CEO Elon Musk, and Google co-founders Larry Page and Sergey Brin to break into the top five of the world billionaire club. Read More…