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In October 2021, Anil Ambani was named in the Pandora Papers along with his brother Mukesh. [26] In January 2023, the Bombay High Court questioned the Income Tax Department's accusation of tax evasion against Anil Ambani after a petition by him challenged the decision of the notice issued by the IT department. [27]
The Radia tapes controversy relates to the telephonic conversations between Niira Radia, a political lobbyist in India, the (then) Indian telecom minister A. Raja, and senior journalists, politicians, and corporate houses, taped by the Indian Income Tax Department in 2008–09. The tapes were leaked out to the press, and were eventually ...
Mukesh Ambani is a strict vegetarian and teetotaler. [69] During the fiscal year ending 31 March 2012, he reportedly decided to forgo nearly ₹240 million from his annual pay as chief of Reliance Industries Ltd (RIL). He elected to do this even as RIL's total remuneration packages to its top management personnel increased during that fiscal year.
The father of the groom is Mukesh Ambani, 66, currently the world’s 9th richest man with a net worth of $116 billion, according to Forbes. He is also the richest person in Asia.
On August 19, 2015 Reliance Industries received a license to run a payments bank from the Reserve Bank of India under Section 22 (1) of the Banking Regulation Act, 1949. It then partnered with the State Bank of India and incorporated Jio Payments Bank Limited in November 2016. Jio Payments Bank Limited is a 77:23 partnership between Reliance ...
Having just lost a battle with Elon Musk over how India's satellite spectrum is awarded, Asia's richest man Mukesh Ambani could face a bigger challenge if Musk's Starlink launches services in ...
Elon Musk and Vivek Ramaswamy aim to cut $2 trillion from the federal budget by July 4, 2026. They've said they'll fire federal employees, "delete" agencies, and publicize all of their work.
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.