The buying company owns Radio City. According to a news report, Reliance Broadcast Network Ltd will first sell off its 24 per cent stake before complete disposal in staggered transactions.

With this Mukesh Ambani gets on the other side of the spectrum from his brother Anil Ambani, who has been relentlessly attacked by Congress president Rahul Gandhi.

Mukesh Ambani saved his younger brother Anil from imprisonment by paying money owed by him to Ericsson. The news broke at the eleventh hour of the deadline for Anil’s Reliance Communications to clear Rs 580 crore due to the Swedish equipment maker.

Industrialist Anil Ambani paid his dues to the Swedish telecom giant Ericsson one day before the Supreme Court deadline with the help of his brother and India's richest man Mukesh Ambani.

The Bharatiya Janata Party (BJP) on Tuesday slammed Rahul Gandhi over his latest allegation on Narendra Modi for his alleged involvement in the Rafale deal. The saffron party said that the Congress President crossed all limits of shamelessness and irresponsibility by showcasing an email that is not even related to the purchase of fighter jets. The party claimed that the shown email is about some chopper deal.

Ericsson India has filed another contempt plea seeking freezing and auctioning of personal assets of Reliance Communications chairman Anil Ambani and others for 'wilful disobedience' of Supreme Court's order to repay Rs 550 crores to the Swedish company.

Twenty-three-year-old Anshul Ambani, the youngest son of Anil Ambani, joined the Reliance Group last week, a statement said on Saturday.

Congress President Rahul Gandhi slammed Prime Minister Narendra Modi over Rafale deal, tagging him as a corrupt person once again. His comments came after reports came in of a senior official of Dassault aviation reaffirming the former French President Francois Hollande’s claim that PM Modi had forced them give the contract to Reliance Defence Limited.

In a moving gesture, Indian industrial magnate Anil Ambani has sent an aircraft to Dubai to bring back Bollywood actress Sridevi Kapoor's body to India later on Sunday, sources said.

Reliance Capital Ltd on Thursday said it closed the third quarter of the current fiscal with a consolidated profit of Rs 315 crore.