Oil and Gas Mukesh Ambani

  • *Vodafone faces increased competition in India. The British group's subsidiary is India's second-biggest carrier by customers and revenue. India's already competitive telecoms landscape is set to be further roiled by the entry of conglomerate Reliance Industries, controlled by India's richest man Mukesh Ambani.

  • MUMBAI, Sept 14- India's Reliance Communications Ltd is to combine its wireless business with smaller rival Aircel to create the nation's third-biggest mobile phone network operator in terms of subscribers, as intensifying competition pushes consolidation in the world's second-biggest market. With more than 1 billion mobile phone subscriptions,...

  • MUMBAI, Aug 31- At the vast open-plan headquarters of Indian telecoms start-up Jio, billionaire oil tycoon Mukesh Ambani stands in short sleeves beneath a digital tracker that logs every new subscriber to his service. The 59- year-old is India's richest man, and his Reliance Industries oil& gas group is the country's most profitable. "For Reliance... data is the new...

  • MUMBAI, Aug 25- Vodafone Group Plc's Indian unit is likely to delay filing the draft prospectus for its up to $3 billion initial public offering until towards the end of the year, IFR reported on Thursday. The IPO, expected to raise between 133 billion rupees and 200 billion rupees, could potentially surpass a 155- billion rupees IPO by state-run Coal India in 2010...

  • The offer of shares in Vodafone India is expected to raise between $2 billion and $2.5 billion, the people said, making it the biggest IPO in India since state-owned Coal India Ltd's $3.5 billion listing in 2010.. Vodafone Group, which is India's second-largest mobile operator behind Bharti Airtel, had raised the prospect of a listing in India as early as 2011..

  • India's Reliance Industries plans to invest about $13 billion in energy projects, including a 400,000 barrels per day crude refinery.

  • Does India Have Too Many Billionaires?

    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.

  • 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.