Anil Ambani quits IPCL in new Reliance saga twist
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India's Reliance feud took another turn as younger brother Anil Ambani quit as vice-chairman and director of group affiliate Indian Petrochemicals Corporation Ltd., a Reliance official said on Monday.
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MUMBAI, Nov. 25. - Mr Anil Ambani, chairman of Reliance Energy Limited, tonight refused to take issue with his elder brother, Mr Mukesh Ambani, on the raging controversy over ownership of RIL.
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A feud between the brothers who run India's largest private firm, Reliance, eases as one brother off-loads stock.
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Anil Ambani, the Vice Chairman of Reliance Industries Limited (RIL), on Monday virtually created a divide between himself and his elder brother Mukesh, the chairman of the group, by saying that the group&#39;s announcement last week to buy back shares is
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Warring Ambani brothers Mukesh and Anil held separate meetings in the last two days with their mother Kokilaben, ahead of the crucial board meeting of the flagship Reliance Industries on December 27.
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Six directors at Reliance Energy resign amid a growing family row over ownership of India's largest private company.
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MUMBAI: It was a roller coaster ride for Reliance Industries (RIL) which announced its buyback programme on Monday. RIL and other group shares - Reliance Energy (REL), IPCL, Reliance Capital and Reliance
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Letter to Mukesh says dilution of powers is not legal; Anil hints at ulterior motive. Anil Ambani has written to his brother Mukesh, saying his powers as vice-chairman and managing director of Reliance Industries
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Reliance Energy on Tuesday decided to approach its principal shareholder Reliance Industries on &quot;matters concerning the future prospects of the company&quot; and reposed full faith in the present management led by chairman and managing director Anil Ambani.
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MUMBAI: Mukesh Ambani, the chairman and one of the promoters of Reliance Infocomm, will forego the Rs 50-crore worth of sweat equity given to him in the company, in a stunning development that removes a serious bone of contention between him and his
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PTI, New Delhi, Nov 28: The battle between Ambani brothers over ownership issue of Rs 90,000 crore Reliance empire today intensified with Mr Anilâs camp mounting attack on elder brother and Reliance Industry CMD, Mr Mukesh accusing him of rebuffing
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The public spat between the two heirs of India's Reliance Group spills over to the board meeting of a top firm within the group.
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Govinda has just been appointed a new role.
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New Delhi, Nov 28 : Mounting attack on Reliance Group Chairman Mukesh Ambani on &#39;ownership issues&#39;, Anil Ambani&#39;s camp today claimed that the elder brother had told his mother Kokilaben and sisters (Dipti and Neena) to keep out of the controversial RIL
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MUMBAI: Declaring a war against warring elder brother Mukesh, Reliance Industries Ltd Vice Chairman and Managing Director Anil Ambani on Monday lashed out at the proposed buyback ahead of the crucial board meeting questioning the intentions of the move.
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Indian businessman Anil Ambani, locked in a battle for ownership of the country's largest private enterprise Reliance, has questioned moves by his older brother Mukesh to assert full control, a source close to the group said.
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New Delhi: In a counter-offensive against warring younger brother Anil, Reliance Industries chairman Mukesh Ambani on Thursday gave up Rs 50 crore shares at face value in the Reliance Infocomm, ahead of the crucial Board meeting of the flagship company on