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RIL splurges big moolah: Mukesh Ambani buys fortified Merc worth Rs 11 crore

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By NewsGram Staff Writer

India’s largest private company Reliance Industries has bought what is touted as the most sophisticated armoured vehicle for chairman Mukesh Ambani — a fortified Mercedes Benz mounted on an S600.

The base price, according to sources familiar with the development, is around Rs 1.5 crore. But with security features — at the top ‘Level-9’ in this case — and levies such as import duty, road tax and insurance, it works out to over Rs 11 crore, the sources added.

The vehicle was registered here on Saturday, the sources confirmed.

Reactions sought from the Reliance Industries spokesman did not elicit any response.

But sources said the valuable purchase was made in accordance with Ambani listed under the top ‘Z’ category in terms of security for the past couple of years.

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Mamata cares for Mukesh Ambani, not for those dying from dengue: Vijayvargiya

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Mamta banerjee
Mamata cares for Mukesh Ambani, not for those dying from dengue: Vijayvargiya

Canning (West Bengal): BJP national General Secretary Kailash Vijayvargiya on Thursday slammed West Bengal Chief Minister Mamata Banerjee for meeting industrialist Mukesh Ambani in Mumbai at a time when her state is in the grip of dengue.

“You are in Mumbai to meet Mukesh Ambani. A 21-year-old youth died in Kolkata’s alleys due to lack of treatment. You don’t care for him but you care for Mukesh Ambani because he is a crorepati and he will give you funds for elections.

“Thousands of people are dying in the state from dengue. But shameless government and shameless CM is saying it’s not dengue but something else… ,” he said here.

Banerjee on Tuesday met Reliance Industries chairman Mukesh Ambani and requested him to invest in her state.

The Chief Minister had a one and half hour meeting with Ambani soon after reaching the country’s financial capital where she is scheduled to attend a business conclave on Wednesday.

Banerjee later told reporters that Ambani would attend the Bengal Global Business Summit organised by her government in January 16-17 in Kolkata.

Vijayvargiya also took potshots at the higher education system in the state.

“Calcutta University is at the 800th position among 1000 varsities. You are downgrading the level of education in the state. It’s has gone down so much that now CU is giving D.Litt to Mamata. Where one time CU had given D.Litt to Nobel Laureate Rabindranath Tagore, now it’s Mamata. Where is Raja Bhoj, where is Gangu Teli?” he mocked.(IANS)

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Mukesh Ambani tops Forbes’ 2017 list of India’s 100 richest tycoons

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Forbes
Ambani. Source-conclave.intoday.in

New Delhi, November 2,2017: With a net worth of $38 billion, Reliance Industries Ltd (RIL) chairman Mukesh Ambani has topped Forbes annual list of Indias 100 richest tycoons of 2017, a statement said here on Thursday.

“Reliance Industries Ltd chairman Mukesh Ambani has topped Forbes’s annual list of India’s 100 richest tycoons, with a net worth of $38 billion. To put it in context, this is equal to the entire GDP of the former Soviet republic of Azerbaijan, as per World Bank Data 2016 estimates,” the statement said.

Forbes India, will release the 2017 India Rich List by way of a special issue that hits the stands on November 3, 2017. The richest newcomer in the list is Wadia Group of companies Chairman Nusli Wadia (No. 25, $5.6 billion).

At $19 billion, the net worth of Wipro’s Azim Premji – who jumped two places up over last year to become the second richest Indian on the list – is almost equal to Afghanistan’s GDP of $19.4 billion, the statement said.

The Hinduja family maintained the third position ($18.4 billion) in the list. Last year’s second richest Indian, Dilip Shanghvi of Sun Pharmaceuticals (No. 9, $12.1 billion) is the biggest dollar loser on the list as his net worth fell by $4.8 billion.

“The Indian economy is still grappling with the impact of demonetisation and GST. This makes The Forbes India Rich List 2017 edition special since it features those who have faced the challenges head on and continued to deliver phenomenal results. The list has come to stand as a testament to brand India and also puts many emerging successful entrepreneurs on the global map,” said Joy Chakraborthy, CEO, Forbes India.

According to the list, the total wealth of India’s top 100 billionaires, which stands at a whopping $479 billion, is more than the country’s foreign exchange reserves estimated at $402.5 billion in September 2017.

The entry point to the list is at its highest ever, at $1.46 billion. Last year, the minimum amount required to make the list was $1.25 billion, 17 percent lower than this year.

The aggregate wealth of the top 100 has risen 26 percent over last year.(IANS)

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Forbes Rich List 2017: Acharya Balkrishna of Patanjali Named as 19th Richest Indian

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Acharya Balkrishna
Acharya Balkrishna. Wikimedia

Oct 05, 2017: Patanjali Ayurveda’s Acharya Balkrishna, the partner of yoga acharya Ramdev, has bagged the nineteenth position this year in the Forbes magazine’s Annual India Rich List 2017 with total assets of $6.55 billion (Rs. 43,000 crores).

Reliance Industries Ltd. foreman Mukesh Ambani managed India’s wealthiest position for the tenth straight year as his total assets swelled to $38 billion (Rs. 2.5 trillion), while Anil Ambani was positioned much lower at the 45th place with $3.15 billion.

Sun Pharma’s Dilip Shanghvi moved down from his previous second place to the ninth.

Also Read: British-Indian Actor Kunal Nayyar Ranks Fourth on Forbes Magazines List of World’s Highest-Paid TV Actors 

Wipro’s Azim Premji held the second position with total assets of $19 billion, climbing two spots from a year ago.

The Hinduja brothers are at the third position with $18.4 billion, while Lakshmi Mittal is presently positioned fourth ($16.5 billion) and Pallonji Mistry fifth ($16 billion).

Forbes said the rundown was arranged utilizing shareholding and budgetary data secured from the families and people, stock trades, investigators and administrative offices.