Statements by Ambani brothers nudge shares upOctober 12th, 2009 MUMBAI - The shares of companies in the respective stables of the two feuding Ambani brothers closed higher Monday, a day after an olive branch from younger Anil, that was welcomed as a "positive indicator" by Mukesh. Reliance Natural Resources, the energy arm of Anil Ambani group that is fighting a legal battle on gas supplies with the Mukesh-led group, shut shop at Rs.87.40 with a gain of 5.3 percent from Friday's closing figure.
Statements by Ambani brothers nudge shares up a tadOctober 12th, 2009 MUMBAI - The shares of companies in the respective stables of the two feuding Ambani brothers opened on a higher note Monday, a day after the olive branch from younger Anil, that was welcomed as a "positive indicator" by Mukesh. Reliance Natural Resources, the energy arm of Anil Ambani group that is fighting a legal battle on gas supplies with the Mukesh-led group, was ruling at Rs.86.35 with a gain of 4.04 percent, an hour into trading, after touching a high of Rs.87.15.
Anil Ambani wishes to reconcile with brother MukeshOctober 11th, 2009 NEW DELHI - Industrialist Anil Dhirubhai Ambani on Sunday expressed his desire to reconcile with elder brother after paying a visit to the pilgrimage centres of Kedarnath and Badrinath. Reaching out to his brother Mukesh Dhirubhai Ambani, Anil said that he hoped his feelings would be reciprocated and the wounds of his brother would be healed.
Spielberg's DreamWorks closes deal for $825 million in funding from India's Reliance BigAugust 17th, 2009 Spielberg's DreamWorks closes on $825 mln fundingLOS ANGELES — One of Hollywood's most famous directors, Steven Spielberg, has finally closed a deal to secure $825 million in funding from India's Reliance Big Entertainment, JPMorgan and The Walt Disney Co., his company announced Monday. The deal represents a huge investment by Bollywood in Hollywood, and sets up DreamWorks Studios to produce about six movies a year to be distributed by Disney starting in late 2010.
Anil Ambani on a religious tour in South IndiaAugust 16th, 2009 THRISSUR - As the wrangle over the energy deal continues between Ambani brothers, younger brother Anil Ambani has opted to go on a religious tour of South India. Anil and his mother Kokilaben visited Kerala's famous Guruvayoor Temple on Saturday.
Deora briefs prime minister on Reliance gasAugust 12th, 2009 NEW DELHI - A day after Reliance Anil Dhirubhai Ambani Group accused the petroleum ministry of misguiding the Prime Minister's Office (PMO), oil minister Murli Deora met Prime Minister Manmohan Singh Wednesday to apprise him of his ministry's stance on the subject. In the 30-minute meeting, Deora once again explained his ministry's position that the government had the right to determine the price and use of natural gas as it deemed fit, a senior official in the oil ministry said.
RIL slams Anil Ambani statements as baselessAugust 7th, 2009 MUMBAI - Mukesh Ambani-led Reliance Industries Limited (RIL) on Friday broke its silence over the controversy on sharing gas from the Krishna-Godavari basin, and alleged the Anil Dhirubhai Ambani Group (ADAG) of unleashing a 'malicious campaign' against RIL. In a statement to the media, RIL dismissed Anil Ambani's statements as "baseless" and claimed that Anil is carrying out an orchestrated campaign to prejudge a legal dispute.
Two arrested for involvement in Ambani helicopter sabotage caseMay 4th, 2009 NEW DELHI - Two employees of the aircraft maintenance firm Air Works India Engineering Pvt. Ltd., suspected to be involved in the Anil Ambani's helicopter sabotage case were arrested on Monday.
THE WALT DISNEY STUDIOS ENTERS EXCLUSIVE LONG-TERM DISTRIBUTION AGREEMENT WITH DREAMWORKS STUDIOSMay 3rd, 2009 THE WALT DISNEY STUDIOS ENTERS EXCLUSIVE LONG-TERM DISTRIBUTION AGREEMENT WITH DREAMWORKS STUDIOS; STEVEN SPIELBERG & STACEY SNIDER ALIGN WITH DISNEY TO DISTRIBUTE AND MARKET THEIR LIVE-ACTION MOTION PICTURES
The Walt Disney Studios has agreed to enter into an exclusive long-term distribution arrangement with filmmaker and DreamWorks Studios co-founder Steven Spielberg, and partner Stacey Snider, chief executive officer of DreamWorks, to distribute all upcoming live-action motion pictures produced by DreamWorks under their partnership with Reliance BIG Entertainment, part of The Reliance Anil Dhirubhai Ambani Group, it was announced today by Dick Cook, chairman of The Walt Disney Studios. Under the terms of this arrangement, Disney will handle distribution and marketing for approximately six DreamWorks films each year. The first DreamWorks motion picture to be released under the Touchstone Pictures banner is scheduled to hit theaters in 2010.
Anil and Tina Ambani are a pillar of strength, says Adnan SamiApril 29th, 2009 MUMBAI - Pakistani singer Adnan Sami has shifted his critically-ill father from Criticare to Kokilaben Dhirubhai Ambani Hospital and says all the arrangements were made following a call to Anil Ambani. 'Within no time at all Anil arranged everything.
Anil Ambani complains chopper sabotagedApril 23rd, 2009 MUMBAI - Industrialist Anil Ambani Thursday evening filed a complaint alleging his helicopter had been sabotaged, police said. According to police officials, Ambani said his Bell 412 seven-seater helicopter was 'sabotaged'.
Reliance-DreamWorks films to be distributed by Walt DisneyFebruary 10th, 2009 WASHINGTON - Movies produced by India's Reliance BIG Entertainment in partnership with Hollywood filmmaker Steven Spielberg's DreamWorks will be distributed by The Walt Disney Studios. Disney's agreement to enter into an exclusive long-term distribution arrangement with DreamWorks Studios was announced in Burbank, California Monday.
Walt Disney to distribute DreamWorks-Reliance filmsFebruary 10th, 2009 WASHINGTON - The Walt Disney Studios has agreed to distribute all upcoming live-action motion pictures produced by DreamWorks under their partnership with Reliance BIG Entertainment, part of the Reliance Anil Dhirubhai Ambani Group. The agreement to enter into an exclusive long-term distribution arrangement with DreamWorks Studios co-founder Steven Spielberg and CEO Stacey Snider was announced in Burbank, California Monday.
Disney and Spielberg's Dreamworks sign dealFebruary 9th, 2009 LOS ANGELES - Steven Spielberg's Dreamworks Studios has signed a long-term distribution deal with Walt Disney Studios, the companies confirmed. Monday's deal comes after Spielberg signed a huge financing deal last year with Indian media conglomerate Reliance, and after a previous distribution deal with Universal Studios fell through because of the credit crisis.
Anil Ambani group to invest Rs.105 bn in GujaratJanuary 12th, 2009 AHMEDABAD - The Reliance Anil Dhirubhai Ambani Group (ADAG) Tuesday signed three accords worth Rs.105 billion (Rs.10,500 crore/$2.13 billion) with the Gujarat government as part of its investment commitment to the state. Addressing the Vibrant Gujarat Global Investors' Summit here Tuesday, group chairman Anil Ambani said the investments would be made for building a port jetty in Saurashtra, a major power plant and three cement factories.