Tag: Ambani

Mukesh Ambani receives death threat, email demands Rs 20 crore
Business

Mukesh Ambani receives death threat, email demands Rs 20 crore

Reliance Industries Chairman Mukesh Ambani received death threats via email threatening to kill him if he failed to pay Rs 20 crores. According to the Mumbai police, it was written in the threatening email that "If you don't give us 20 crore rupees, we will kill you, we have the best shooters in India." After receiving the email, based on the complaint of Mukesh Ambani's security in-charge, Gamdevi Police of Mumbai registered a case against an unknown person under sections 387 and 506 (2) of IPC and started the investigation.First Published: Oct 28 2023 | 10:30 AM IST
Mukesh Ambani reclaims top position on India’s 100 Richest list by Forbes ; Adani at second place
Business

Mukesh Ambani reclaims top position on India’s 100 Richest list by Forbes ; Adani at second place

NEW DELHI: Mukesh Ambani has reclaimed the top position on the 2023 Forbes list of India's 100 Richest with a net worth of $92 billion.The fortune of infrastructure magnate Gautam Adani, who rose meteorically to overtake Ambani as India's richest person for the first time last year, has slipped to the second position.Adani's net worth, which includes that of his family, fell by a whopping $82 billion to $68 billion, after a report by US short-seller Hindenburg Research in January sent his group's shares tumbling."Shortly after spinning off and listing Jio Financial Services, which has an asset management joint venture with BlackRock, Ambani cemented his succession plan by appointing his three children to Reliance's board as non-executive directors in August," Forbes said.Meanwhile, the co...
Reliance seeks shareholder nod to appoint Ambani as head for another 5 yrs
Business

Reliance seeks shareholder nod to appoint Ambani as head for another 5 yrs

Reliance Industries Ltd, India's most valuable company, has sought shareholder's approval to give Mukesh Ambani another five-year term as chairman and managing director of the company till 2029 -- a period during which he has opted to draw nil salary. Ambani, 66, will cross the company law-mandated 70 years age for the chief executive of the company and requires a special resolution by the shareholders for him to be appointed beyond that age bar. In a special resolution, Reliance sought the nod of shareholders to appoint Ambani as the head of the company till April 2029. Ambani has been on the board of Reliance since 1977 and was elevated as chairman of the company after the death of his father and group patriarch Dhiburhai Ambani in July 2002. In the special...