Saturday, 5 December 2020

Tag Archives: Mukesh Ambani

Billionaire Ambani risks jail over missed Ericsson payments

NEW DELHI: India’s top court said Indian industrialist and chairman of Reliance Communications (RCom) Anil Ambani wilfully did not pay 77.3 million U.S. dollars to Swedish telecom equipment maker Ericsson, thereby holding him guilty of contempt in a case, officials said. “RCom had no intention to abide with the undertakings. ...

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Indian Dad and son battle for billion-dollar empire

NEW DELHI: Vijaypat Singhania thought he was keeping his billion-dollar Indian textile empire in the family when he gifted control of the Raymond Group to his son Gautam three years ago. But their relationship has disintegrated spectacularly since, with the father accusing the son of cheating him out of a exclusive ...

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