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The high-profile Indian Premier League (IPL) on Thursday received an overwhelming response with some of India's top industrialists like Mukesh Ambani and Vijay Mallya and film stars Shah Rukh Khan and Preity Zinta winning bids to own teams in the Twenty20 venture.
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Anil Ambani group firm Reliance Big Entertainment made its foray into Hollywood with the announcement of development deals with celebrities, including Angelina Jolie, Julia Roberts, Brad Pitt and Nicolas Cage, at Cannes. Reliance Big Entertainment, the media and entertainment company of the Reliance ADA Group, said that it will provide development funds to eight Hollywood production houses.
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It is not in Anil Ambani's nature to loose control of a business he has invested in and that may be pushing RCom to look at ways of boardroom control for Anil Ambani post RCom-MTN merger. The latest in the series of scenarios comes from Financial Times blog charting out two options, as it says being debated between RCom and MTN.
It was a dreadful year for the world's wealthiest as markets and currencies around the world tumbled.
In Forbes' recent survey Anil Ambani has topped the list of Billionaire Blowups 2008.
More than $30 billion is evaporated out of his networth, now left with $12 bilion.