The Economic Times
English EditionEnglish Editionहिन्दीગુજરાતીमराठीবাংলাಕನ್ನಡമലയാളംதமிழ்తెలుగు
| 04 July, 2024, 12:07 PM IST | Today's ePaper
Monsoon Offer is Live
Search
+
Business News›Magazines›Panache›Panache People 101›Anil Ambani
    Anil Ambani

    Anil Ambani

    Chairman, Reliance ADAG
    Birth DetailsJune 4, 1959 | Mumbai, Maharashtra
    NationalityIndian
    LeagueBusiness Leader
    EducationB.Sc., K.C. College, Mumbai University;
    MBA, The Wharton School, University of Pennsylvania
    Net Worth$1.7 billion (as of April 3, 2019)
    Anil Ambani Assets:

    Anil Ambani's Journey So Far ...
    • Joined Reliance Industries in 1983 as Co-Chief Executive Officer
    • Pioneered India’s movement into overseas capital markets with international public offerings of global depository receipts, convertibles and bonds
    • After a much-publicised family feud that made headlines for years, Reliance Industries was split between him and his brother Mukesh in 2005 following their father Dhirubhai Ambani’s death
    • In 2006, the Reliance Group was formed and in less than ten years became a market leader in several growth sectors including telecommunications, generation, transmission and distribution of renewable and non-renewable sources of power, national road highways, metro rail systems, cement, financial services, education, healthcare, media and entertainment
    • With a net worth of $45 billion, he became one of the richest persons in India in 2007 according to the Forbes Rich List
    • In 2008, Reliance Power’s IPO became India’s largest of the time which was subscribed in less than a minute
    • His businesses had a market capitalization of Rs 1,65,917 crore in January 2008
    • Losing a huge chunk of his fortune in the recession of the late 2000s, his net worth dropped to $13.7 billion by 2010 as per Forbes’
    • He lost his billionaire tag in 2019
    • By June 2019, Reliance Group’s market capitalization stood at Rs 6,196 crore

    Before you go ...
    • Anil Ambani is a fitness enthusiast and also a seasoned long-distance marathon runner, with over 50 half and full marathons to his credit.
    • His other interests include nature, wildlife conservation and spiritualism.
    Last Updated: 15/02/2021

    Anil Ambani News

    • Radhika Merchant kicked off her wedding festivities with the traditional mameru ceremony, held at Antilia. She dazzled in a custom Manish Malhotra lehenga, featuring intricate gold taar zardosi embroidery and a 'Durga Shloka' inscribed on the borders. Adding a sentimental touch, she wore her mother Shaila Merchant's jewelry, which included a gold choker, jhumkas, bangles, and a maang teeka. The mameru ceremony is a Gujarati tradition where the bride's maternal uncle presents her with gifts and blessings.
    • Anant Ambani and Radhika Merchant's wedding ceremonies started with "mameru" at Antilia. Mosalu is a traditional ceremony celebrated in Gujarati culture a few days before the actual wedding. In Mosalu, the groom’s mother’s family, in this case members from Nita Ambani’s side of the family, led by her mother Smt. Purnima Dalal and her sister Ms. Mamta Dalal, came to the residence to bless the couple along with gifts and offerings. The groom’s maternal uncles and family presented the bride & groom with a traditional set of gifts known as "Mameru." In a way Mosalu and Mameru reflect the respect given to and involving the larger family in wedding festivities. These occasions highlight the importance of the wedding for the extended family and becomes an occasion for them to celebrate together. Smt. Nita Ambani’s family were present in large numbers for the ceremony.Anant Ambani, Radhika Merchant wedding ceremonies start with 'mameru' at Antilia
    • Reliance Retail Ventures is gearing up to launch Chinese fast-fashion label Shein in India, a year after forming a strategic partnership with the brand. The retailer plans to sell Shein products on its app and offline stores. Former Meta director Manish Chopra may lead Shein's operations in India. Shein aims to reduce dependence on China and leverage India's supply chain. The platform and data will be hosted and controlled by Reliance Retail.
    • Radhika looked stunning as always in a beautifully embroidered lehenga. She accessorised her appearance with traditional jhumkas, maang-teeka, and neckpiece for the pre-wedding. The mameru ceremony is a Gujarati wedding tradition where the maternal uncle (mama) of the bride visits her with sweets and gifts.
    • Prime Minister Narendra Modi confirmed progress on creating Theatre Commands as the Defence Ministry selected Lucknow, Jaipur, and Thiruvananthapuram as headquarters locations. The Department of Military Affairs, led by Chief of Defence Staff Genral Anil Chauhan, is working on over 150 integration points among the services for future multi-domain warfare. The plans include setting up Western Theatre in Jaipur, Northern Theatre in Lucknow, and Maritime Theatre in Thiruvananthapuram to address threats and enhance joint culture and work ethic.
    • Nothing embodies the spirit of love like a mass wedding! In celebration of their youngest son's upcoming nuptials, the Ambani family hosted a grand mass wedding ceremony for over 50 underprivileged couples from Maharashtra's Palghar on July 2.
    • Given the limited traction gained by Ambani’s MyJio and Tata’s Neu despite their wider range of consumer businesses, the Adani Group — whose businesses are largely infrastructure and heavy industrial ones — may have set itself a daunting task.
    • No matter your age, a mother’s love remains steadfast. A video of Reliance Industries matriarch Nita Ambani sharing a tender moment with her daughter Isha is currently going viral online. In the clip, Nita is seen lovingly fixing Isha’s hair.
    • Ambani family hosts 'Samuh Vivah' for underprivileged couples, blessing them with gifts, cultural dances, and a lavish dinner, fostering joy and community spirit to celebrate love and new beginnings with a touch of social responsibility.
    • Anant Ambani and Radhika Merchant are set to marry on July 12, 2024, in Mumbai. Their wedding celebrations include a grand Sangeet ceremony where friends will perform dances depicting the couple's love story. The Sangeet will feature a mix of Western and Bollywood music, with special performances from Bollywood stars. Their intricate wedding invitation card has been shared on social media, showcasing a silver mandir and deity idols.
    • The Maharashtra legislative council suspended Leader of Opposition Ambadas Danve for five days for using abusive language towards BJP legislator Prasad Lad during a session. The suspension motion was passed after repeated adjournments and protests, citing Danve's behavior as damaging to the council's dignity and warranting disciplinary action.
    • Speaking on the launch, Ravi Todi, director, South City Group, said the prime location of Storii Kolkata offers the perfect retreat for relaxation and revitalization. "Yet another magnificent development by South City Group. We have chosen ITC Hotels to manage the property given their excellence in hospitality," he added.
    • Morgan Stanley, a global brokerage firm, forecasted that Mukesh Ambani-led Reliance Industries' (RIL) fourth monetisation cycle could potentially increase market capitalisation by $60-100 billion. They set a target price of Rs 3,540 in the base case scenario.
    • Anant Ambani, ahead of his wedding with Radhika Merchant on July 12, visited the Krishna Kali temple in Neral, Maharashtra. He performed a havan ceremony seeking divine blessings and was accompanied by friends, including Janhvi Kapoor's boyfriend Shikhar Pahadia and actor Veer Pahadia. Anant's choice of attire and his impressive Rs. 6.9 crore Richard Mille watch garnered attention during this spiritual preparation.
    • He began by saying that in his childhood he wanted to be like Dhirubhai Ambani but was "very mischievous" and used to "steal money to smoke beedis till he collapsed" and all that was when he was in the "fourth standard". Shivtare's speech has raised a lot of eyebrows and it joins a long list of gaffes by Shiv Sena leaders.
    • ​​​nita ambani spent rs 6 lakh on banarasi sarees. know about lakkha buti saree ​
    • On Monday, Shatrughan Sinha tripped and fell while walking through his dining room. His daughter, Sonakshi, who recently married her long-time boyfriend Zaheer Iqbal, was nearby and reached out to cushion his fall, reducing its impact.
    • Billionaire Anand Piramal garnered praise on social media for arriving at his brother-in-law’s pre-wedding dinner at Antilia in a Toyota Camry. Despite the presence of luxury cars like Maybachs and Rolls Royces, Piramal’s choice of the Camry, priced at less than Rs 60 lakh, highlighted his simplicity. Anand Piramal, married to Isha Ambani, daughter of Mukesh Ambani, is the heir to the Piramal Group. Social media users admired his down-to-earth nature, with comments emphasizing his modesty.
    • A court in Zambia sanctioned a plan for Vedanta Resources Ltd. to regain control of the Konkola copper project by settling debts owed to creditors. The company needs to release $250 million to settle debts and has committed to investing $1 billion for expansion projects.
    • RSS chief Bhagwat visited Antilia for dinner with the Ambanis before Anant Ambani's grand wedding. Anant, the groom-to-be, respectfully touched elders' feet. The Ambanis welcomed Bhagwat warmly as they prepared for the lavish wedding celebration, sparking a social media frenzy with videos of the event flooding the internet.
    • Isha Ambani Piramal recently shared her experience of conceiving twins through IVF in an interview with Vogue India, aiming to dispel the taboo around the procedure. She emphasized the importance of normalizing IVF, noting the physical and emotional challenges involved. Isha highlighted the support of her close female friends, including her sister-in-law Shloka Mehta and Radhika Merchant.
    • Anant Ambani and Radhika Merchant's upcoming wedding has Mumbai abuzz with excitement. The couple, set to tie the knot soon, is preparing for grand celebrations, including a mass wedding for the underprivileged on July 2 in Palghar. The main ceremonies will take place at Mumbai's Jio World Convention Centre in BKC, starting with the auspicious Shubh Vivah on July 12. This union joins two prominent industrialist families, with earlier festivities in Jamnagar drawing global influencers and cultural icons like Mark Zuckerberg, Bill Gates, Ivanka Trump, and Rihanna.
    • Ahead of her son Anant Ambani's wedding, Reliance Foundation Founder and Chairperson, Nita Ambani, reached Varanasi and went shopping for the city's famous Banarasi sarees. She met loom owners and weavers in Varanasi and purchased about 50-60 of them.
    • Embrace the timeless elegance of Banarasi saris as the grand celebration of Anant Ambani and Radhika Merchant's union unfolds at the Jio World Convention Centre in Mumbai. From intricate weaves to sacred blessings, the wedding festivities promise a harmonious blend of tradition and modernity, culminating in a vibrant celebration where guests adorn themselves in exquisite 'Indian chic' attire.
    • As the wedding day for Anant Ambani and Radhika Merchant approaches, the lavish wedding invitation has captured the internet's attention. Set for July 12 in Mumbai, the grand affair will see a blend of tradition and luxury, starting with an invitation that has become the talk of the town. The extravagant invite, a box resembling a temple, is adorned with intricate details and divine imagery. Watch the video of Anant Ambani and Radhika Merchant's wedding invitation card, shared by one of the card recipients.Anant Ambani-Radhika Merchant wedding invitation: What is inside it, check here
    • Load more
    DisclaimerThe content of this page has been aggregated from multiple websites. Some information can change over the passage of time.
    The Economic Times
    BACK TO TOP