Dhirubhai ambani stock market

Dhirajlal Hirachand " Dhirubhai " Ambani 28 December — 6 July was an Indian business tycoon [2] who founded Reliance Industries in Bombay with his cousin.

He appeared in The Sunday Times top 50 businessmen in Asia. Ambani died on 6 July As of , Reliance Industries was listed in the top 10 Fortune list of world's biggest companies by revenue.

Ambani returned from Yemen to India and started "Majin" in partnership with Champaklal Damani, his second cousin, [8] who lived with him in Turkey. Majin was to import polyester yarn and export spices to Yemen. Initially, they had two assistants to help them with their business. During this period, Ambani and his family stayed in a two-bedroom apartment at the Jai Hind Estate in Bhuleshwar , Mumbai. It is believed that both had different temperaments and a different take on how to conduct business.

Extensive marketing of the brand in the interiors of India made it a household name. Franchise retail outlets were started and they used to sell "only Vimal" brand of textiles. In the year , a Technical team from the World Bank visited the Reliance Textiles' Manufacturing unit. In , Reliance Industries came up against a rights issue regarding partly convertible debentures.

Sensing an opportunity, The Bear Cartel, a group of stock brokers from Calcutta , started to short sell the shares of Reliance. To counter this, a group of stock brokers until recently referred to as "Friends of Reliance" started to buy the short sold shares of Reliance Industries on the Bombay Stock Exchange.

The Bear Cartel was acting on the belief that the Bulls would be short of cash to complete the transactions and would be ready for settlement under the " Badla " trading system operative in the Bombay Stock Exchange. On the day of settlement, the Bear Cartel was taken aback when the Bulls demanded a physical delivery of shares. To complete the transaction, the much money was provided to the stock brokers who had bought shares of Reliance, by Dhirubhai Ambani.

The settlement caused an enormous uproar in the market. To find a solution to this situation, the Bombay Stock Exchange was closed for three business days. The Bear Cartel bought shares of Reliance from the market at higher price levels and it was also learnt that Dhirubhai Ambani himself supplied those shares to the Bear Cartel and earned a healthy profit out of The Bear Cartel's adventure.

After this incident, many questions were raised by his detractors and the press. Not many people were able to understand as to how a yarn trader until a few years ago was able to get in such a huge amount of cash flow during a crisis period.

The answer to this was provided by the then finance minister, Pranab Mukherjee in the Parliament. These investments were routed through many companies like Crocodile, Lota and Fiasco. These companies were primarily registered in Isle of Man. The interesting factor was that all the promoters or owners of these companies had a common surname Shah.

An investigation by the Reserve Bank of India in the incident did not find any unethical or illegal acts or transactions committed by Reliance or its promoters. Ambani was admitted to the Breach Candy Hospital in Mumbai on 24 June after he suffered a major stroke.

It was his second stroke, the first had occurred in February and had paralyzed his right hand. He was in a coma for more than a week and a number of doctors were consulted. He died on 6 July The country has lost iconic proof of what an ordinary Indian fired by the spirit of enterprise and driven by determination can achieve in his own lifetime.

This new star, which rose on the horizon of the Indian industry three decades ago, remained on the top until the end by virtue of his ability to dream big and translate it into reality through the strength of his tenacity and perseverance.

I join the people of Maharashtra in paying my tribute to the memory of Ambani and convey my heartfelt condolences to the bereaved family. Following a stroke in , Ambani handed over control of Reliance to his sons Mukesh and Anil.

Ambani died after a major stroke on 6 July in Breach Candy Hospital. In November , Mukesh Ambani in an interview, admitted to having differences with his brother Anil over 'ownership issues.

In an unauthorized biography of Dhirubhai Ambani, published in by Hamish McDonald with the title The Polyester Prince , all his political and business conquests are outlined. HarperCollins didn't sell the book in India, because the Ambanis threatened legal action. A Hindi film said to be loosely inspired by the life of Dhirubhai Ambani was released on 12 January Guru , directed by film maker Mani Ratnam , cinematography by Rajiv Menon and music by A.

Rahman shows the struggle of a man striving to make his mark in the Indian business world with a fictional Shakti Group of Industries. Guru stars Abhishek Bachchan , Mithun Chakraborty , Aishwarya Rai Bachan , R.

Madhavan and Vidya Balan. Bachchan plays Gurukant Desai, a character implicitly based on Dhirubhai Ambani. The character is popularly known as "Guru bhai ", similar to the real-life "Dhirubhai". Mithun Chakraborty portrays Manikda who bears an uncanny resemblance to the real life Ramnath Goenka , Aishwarya Rai portrays Kokilaben Ambani and Madhvan portrays S.

Gurumurthy , who gained national fame twenty years ago, spearheading virulent attacks against the Reliance group in one of India's bloodiest corporate wars. From Wikipedia, the free encyclopedia. Archived from the original on 14 January Retrieved 28 July The Times of India.

From a petrol pump attendant to Reliance owner Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more. The New York Times. Retrieved 31 December For this fighter, life was a big battle". Retrieved 24 July The Times of India 7 July Retrieved 12 September Padma Vibhushan award recipients.

Ebrahim Alkazi Kishori Amonkar Amitabh Bachchan M. Balasaraswati Asha Bhosle Nandalal Bose Hariprasad Chaurasia Girija Devi Kumar Gandharva Adoor Gopalakrishnan Satish Gujral Gangubai Hangal Bhupen Hazarika M. Husain Semmangudi Srinivasa Iyer Bhimsen Joshi Ali Akbar Khan Amjad Ali Khan Allauddin Khan Bismillah Khan Yamini Krishnamurthy Dilip Kumar R. Laxman Birju Maharaj Kishan Maharaj Lata Mangeshkar Sonal Mansingh Mallikarjun Mansur Zubin Mehta Mario Miranda Kelucharan Mohapatra Raghunath Mohapatra Jasraj Motiram Benode Behari Mukherjee Hrishikesh Mukherjee Rajinikanth Ram Narayan D.

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Dhirubhai Ambani vs Ratan Tata - Difference and Comparison | Diffen

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Dhirubhai Ambani Ghanshyam Das Birla Ashok Sekhar Ganguly Karim Al Hussaini Aga Khan Lakshmi Mittal N. Narasimham Prithvi Raj Singh Oberoi Azim Premji Prathap C. Reliance Industries Jio LYF Reliance Industrial Infrastructure Reliance Logistics Reliance Solar Relicord Reliance Petroleum Reliance Fresh Reliance Retail Reliance Digital Jamnagar Refinery Mumbai Indians Network Reliance Institute of Life Sciences Dhirubhai Ambani International School Hurkisondas Hospital.

Dhirubhai Ambani Mukesh Ambani Nita Ambani Akash Ambani Isha Ambani. Reliance Anil Dhirubhai Ambani Group. Reliance Communications Zapak Java Green Fiber-Optic Link Around the Globe.

Dhirubhai Ambani Biography - Dhiru Bhai Ambani Indian Entrepreneur - Dhirubhai Ambani Indian Industrialist

Reliance Power Reliance Natural Resources Dhirubhai Ambani Solar Park. Reliance Infrastructure Mumbai Metro One Nanded Airport. Dhirubhai Ambani Knowledge Center Reliance Venture Reliance Health.

BIG Cinemas BIGFlix BIG FM Reliance MediaWorks BIG Entertainment Big CBS Prime Big CBS Spark Big CBS Love.

Reliance Capital Reliance General Insurance Reliance Life Insurance Reliance Anil Dhirubhai Ambani Group. Lowry Digital Amblin Partners Part Amblin Entertainment DreamWorks Amblin Television Vanco Codemasters. Dhirubhai Ambani Anil Ambani Tina Ambani Lalit Jalan. Authority control WorldCat Identities VIAF: Retrieved from " https: Use Indian English from January All Wikipedia articles written in Indian English Use dmy dates from November Pages using infobox person with unknown parameters Infobox person using ethnicity Articles with hCards All articles with unsourced statements Articles with unsourced statements from April Wikipedia articles with VIAF identifiers Wikipedia articles with LCCN identifiers Wikipedia articles with GND identifiers.

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Dhirajlal Hirachand Ambani 28 December Chorvad , Bombay Presidency , British India now in Gujarat , India. Founder of Reliance Industries. Akash Ambani grandson Isha Ambani granddaughter. Wikiquote has quotations related to: Communication Reliance Communications Zapak Java Green Fiber-Optic Link Around the Globe.