A day after entering the $100 billion m-cap club, RIL stock continued its rally on Friday to breach the 7 lakh crore market valuation.

Ambani, 61, has been on the board of Reliance Industries Ltd (RIL) since 1977 and was elevated as Chairman of the company after the death of his father and group patriarch Dhirubhai Ambani in July 2002.

The CBI today told the Delhi High Court that the 2G spectrum case allegedly involving former telecom minister A Raja, DMK MP Kanimozhi and others was \"a case of monumental loss and a shame to the nation\".

Ambanis threw an engagement bash in Mumbai inviting high-profile guests including Bollywood celebs. Among the celebrities who were present at the party included Shah Rukh Khan, Sachin Tendulkar, Karan Johar, Aamir Khan, Ranbir Kapoor and Anil Ambani.  

The Ambani family, including the once-estranged brother Anil Ambani, will come together at Antilia to celebrate the weddings.

The agreements were signed by both the companies during the acquisition Pipavav Defence in March 4, 2014. Reliance Infrastructure's subsidiary Reliance Defence Systems Private Ltd had initially bought about 18 per cent stake in Pipavav Defence and Engineering Ltd to enter the defence sector in 2015.

Here's a look at the impact that these two events will have on his fortunes, and his game plan for the future.

Mukesh Ambani-led Reliance Jio Infocomm is ready to bail out younger brother Anil Ambani's debt-ridden telecom business by buying the wireless assets

\"It is because of him that Reliance has grown from 1 employee to over 2,50,000 employees; from initial investment of Rs 1000 to a company of over Rs 6 lakh crore, and from operations in only one city to 28,000 cities and towns, and over four lakh villages in India and across the world,\" Ambani said.

Reliance Communications owes Rs 11,460 crore ($1.78 billion) to the CDB, which accounts for around 37 per cent of the company's Rs 45,000 crore debt.