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Mukesh Ambani

  • *Move seen negative for energy conglomerate Reliance Industries. MUMBAI, March 25- An unexpected request by India's Election Commission for the government to defer a rise in gas prices until after a looming general election hit shares in Reliance Industries Ltd and Oil and Natural Gas Corp on Tuesday.

  • MUMBAI, March 20- Billionaire Mukesh Ambani's Reliance Retail is poised to perform a rare feat in India's notoriously complex retail market by finally turning a profit.

  • *Delhi chief minister takes legal action over gas prices. NEW DELHI, Feb 11- Delhi's chief minister ordered criminal cases to be filed on Tuesday against India's richest man, Reliance Industries chairman Mukesh Ambani, and government policymakers for conniving to fix higher gas prices to boost profits.

  • Marks & Spencer takes stylish bid to India Monday, 11 Nov 2013 | 3:17 AM ET

    MUMBAI, Nov 11- Britain's biggest clothing retailer Marks& Spencer wants to convince India's young and trendy that it is fashionable too as it looks to offset slowing profit growth and declining sales overall.

  • Does India Have Too Many Billionaires? Tuesday, 30 Oct 2012 | 1:01 PM ET

    New data reveal a staggering increase in billionaires’ wealth as a percentage of national income in India to a whopping 22 percent in 2008.

  • NEW DELHI/ MUMBAI, Oct 29- India's new oil minister has promised to speed decision making in an effort to attract foreign investment, and will push domestic oil companies to aggressively bid for foreign oil and gas assets to meet growing energy demand.

  • NEW DELHI/ MUMBAI, Oct 29- India's new oil minister has promised to speed decision making in an effort to attract foreign investment, and will push domestic oil companies to aggressively bid for foreign oil and gas assets to meet growing energy demand.

  • Profits slide 5.7 percent at India's Reliance Monday, 15 Oct 2012 | 8:55 AM ET

    MUMBAI, India-- India's Reliance Industries on Monday reported a 5.7 percent slide in September quarter profits from a year ago, as the company scales back investment in India's largest oil and gas fields.

  • Gautam Singhania, Chairman and Managing Director (CMD) of Raymond Ltd sitting in his Challenger 604 Aeroplane in Mumbai, Maharashtra, India (Bhaskar Paul | The India Today Group | Getty Images)

    A record harvest of wealth in India - more than 50 billionaires in the Forbes 2011 World Rich list and hundreds of multi-millionaires - is fueling an insatiable appetite for luxury goods from villas and fast cars to the ultimate symbol of status and power - a private jet.

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