Govt slaps $579 mn additional penalty on RIL

New Delhi: The government has slapped an additional penalty of USD 579 million on Reliance Industries for producing less than targeted natural gas from its KG-D6 block, Oil Minister Dharmendra Pradhan said on Monday.With this, the total penalty on RIL for missing the target in four fiscal years beginning April 1, 2010 now stands at […]

Mukesh Ambani’s luxury jet grounded

NEW DELHI: A super luxury business jet of Reliance — used by Mukesh Ambani, his family and the group’s top management — was grounded following surprise checks on Saturday. The directorate general of civil aviation (DGCA) suspended the aircraft’s commander after the checks as he did not have a flying licence with him at the […]

Fraud job syndicates target Reliance, Tata groups

New Delhi: Two of the country’s biggest business conglomerates — Cyrus Mistry-led Tatas and Mukesh Ambani-led Reliance Industries Group — have become the target of fake job syndicates making fraudulent employment offers to gullible jobseekers in lieu of money. After coming across several instances of such fraudulent job offers being made in their name, both […]

Govt invokes SC ire for providing Z security to Mukesh Ambani

New Delhi: Centre’s decision to provide Z security to the richest Indian Mukesh Ambani on Wednesday drew flak from the Supreme Court which asked why such persons are given security cover by the government when the common man is feeling unsafe. The apex court ticked off the government for giving protection to such persons when […]

Ambani brothers join hands for telecom biz

Billionaire Ambani brothers on Tuesday struck a Rs 1,200-crore deal wherein Mukesh will use his younger sibling’s optic fibre network for launch of his telecom venture. Under the pact, Mukesh Ambani-led Reliance Industries’ telecom arm will hire nationwide optical fibre network of Reliance Communications for the roll-out of 4G services. “Reliance Jio Infocomm Ltd and […]

When Narendra Modi was called king among kings…..

Fresh from his impressive win in assembly polls, Gujarat Chief Minister Narendra Modi today received a resounding endorsement from Indian and foreign industry bodies for his “grand vision” for development with Anil Ambani putting him in the league of Mahatma Gandhi and Sardar Patel. Notwithstanding the divided public and political opinion about him, captains of […]

I’m a dengue mosquito; will bite BJP, Congress: Arvind Kejriwal

The war of words between Arvind Kejriwal and Congress party raged on Saturday with the activist-turned-politician, saying that he was a dengue mosquito and would bite the ruling party and the Bharatiya Janata Party (BJP). Kejriwal was responding to a statement made by External Affairs Minister Salman Khurshid, who at an interview said that the […]