Wednesday, 6th July 2022
<To guardian.ng
Search

Indian Billionaire Mukesh Ambani bails brother out of jail trouble

By Bloomberg
22 March 2019   |   10:18 am
Asia’s richest man Mukesh Ambani has helped his younger brother avert a stint in jail, stepping in to make an $80 million payment for his sibling Anil whose telecom-to-infrastructure empire is struggling under the weight of debt.

Related

14 Oct 2021
Acute shortages of coal at power plants have triggered a severe energy crisis — which threatens to hit the nation's economic recovery.
17 Oct 2021
“If McDonald’s can do it for hamburgers, why can’t we do it for eye care?”, thought the founder of Aravind Eye Hospital in 1976. Five decades later, inspired by processes implemented by the fast food giant, the Indian hospital chain performs around 500,000 surgeries a year -- many for free. -- This story is being published to coincide with World Sight Day.
19 Oct 2021
A couple in India's southern state of Kerala use a large cooking pot borrowed from a temple to get through floodwaters and reach their wedding venue. The southern state has been hit by days of heavy rain, triggering landslides and floods that have claimed at least 27 lives.
26 Nov 2021
With 11 million inhabitants, the Indian city of Bangalore has seen its size increase in a very short space of time. Nicknamed the Indian Silicon Valley, its rivers and lakes are now the city's unofficial sewers and are used by locals as dumping grounds for all kinds of waste. Out of the 850 lakes in Bangalore, more than 500 are extremely polluted. But one man, Anand Malligawad, has set himself an ambitious goal: to clean up Bangalore's lakes, one by one. Our France 2 colleagues report, with FRANCE 24's Camille Nedelec.
15 Nov 2021
In an interview with FRANCE 24 at the Paris Peace Forum, US billionaire Frank McCourt strongly criticised tech giants, saying social media is "undermining our democracies". The owner of French football club Olympique de Marseille told us more about his Project Liberty plan. He has invested $100 million in the initiative, which he hopes will "transform the way the internet works".
1 Dec 2021
Indian government forces have killed the head of a Pakistan-based militant group in Indian-administered Kashmir. Noor Mohammad Tantray, head in the Kashmir valley of the Jaish-e-Mohammad (JeM) group, was killed in a gun battle after being trapped in a house near the city of Srinagar on Monday evening. The 47-year-old, a mere three feet tall, took over the group in Indian Kashmir in 2016.
12 Dec 2021
PM Narendra Modi has framed cryptocurrencies as a domain that needs to be closely policed, warning they present a risk to young people. DW talked to economist Eswar Prasad about how Modi could regulate the sector.
13 Dec 2021
The three laws were passed last year, with the government saying they were essential for the modernization of Indian agriculture. But that led to furious protests from farmers fearing for their livelihoods.
20 Dec 2021
Narendra Modi, India’s Prime Minister, has warned younger generations about the threat Bitcoin poses. In his keynote address at The Sydney Dialogue, hosted by the Australian Strategic Policy Institute, Modi spoke on the technology development India has experienced and how it could help guide the safety of cryptocurrency.
20 Dec 2021
Japanese billionaire Yusaku Maezawa returned to Earth on Monday after a 12-day journey into space, ending a practice run for his planned trip around the moon with Elon Musk's SpaceX in 2023.
26 Dec 2021
In an interview with FRANCE 24 at the Paris Peace Forum, US billionaire Frank McCourt strongly criticised tech giants, saying social media is "undermining our democracies". The owner of French football club Olympique de Marseille told us more about his Project Liberty plan. He has invested $100 million in the initiative, which he hopes will "transform the way the internet works".
29 Jan
South African-American businessman Patrick Soon-Shiong was joined by President Cyril Ramaphosa on Wednesday to open a vaccine facility aimed at tackling a dearth of manufacturing capacity on the African continent