Anil Ambani on Tuesday said there has been a 'creative destruction' of the telecom sector that has resulted in creation of oligopoly which is going towards a duopoly and may be even a monopoly in the future.

Anil Ambani said that the first priority for RCom, which is credited for democratising telecom services through cheaper offers in early 2000s, is to resolve its over Rs 40,000 crore debt.

\"Rafale fighter jets are not being manufactured by Reliance or the Dassault Reliance Joint Venture. All 36 planes are to be 100 per cent manufactured in France,\" said Anil Ambani in a letter to Rahul Gandhi.

Days after Congress President Rahul Gandhi lashed out at the government over Rafale deal, BusinessToday.In has got access to a letter Reliance Anil Dhirubhai Ambani Group Chairman Anil Ambani had written to the Congress chief back in December 2017. BusinessToday.In Editor Rajeev Dubey explains why this letter holds significance in the wake of the controversy surrounding the Rafale deal.

My entire family and I, starting with my respected father, late Padma Vishushan Dhirubhai Ambani, have had the privilege of enjoying a very respectful relationship with the Gandhi family over generations and these statements have saddened our sentiments, wrote Ambani.

Days after Congress President Rahul Gandhi attacked the government over the Rafale deal in Parliament, a letter written by Anil Ambani to the Congress chief in December 2017 has surfaced. The letter explains why Anil Ambani's company, Reliance Defence Ltd, was selected for the joint venture with French defence major Dassault Aviation. BusinessToday.In Editor Rajeev Dubey explains why this letter bears significance in wake of the controversy surrounding the Rafale deal.

The Congress party neither disclosed the letter nor the fact that whether the meeting Anil Ambani sought from the Congress President ever took place, and what transpired in that meeting if at all.

Following Dhirubhai Ambani's death, his two sons, Mukesh Ambani and Anil Ambani, got into an ugly battle over ownership of the Reliance group. In the year 2004, the bitter war became public and then chairman of Reliance Industries Mukesh Ambani admitted in an interview that there were ownership issues within Reliance. Watch BusinessToday.In's video about how their feud rocked the Ambani empire and finally led to the split in one of India's largest corporates.

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 Reliance Foundation, which supports over 30 children and old age homes across Mumbai, provides essential supplies, including food and daily consumables to over 3,500 needy people in the city.

A peek into the whys and hows of CEO compensation in the country

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.

Reliance Industries Chairman Mukesh Ambani's daughter Isha Ambani is set to tie the knot with Anand Piramal, son of business  tycoon Ajay Piramal.

Reliance made the announcement in an investor presentation after its fourth quarter result and said it will begin complying with the government's guidelines to decommission facilities in the Bay of Bengal block where output has hit its lowest ever.

The meetings, incentives, conventions and exhibitions segment in the hospitality sector is growing fast in India, but still has a long way to go.