Asia's richest man has entered a new league of wealth. The net worth of Mr. Mukesh Ambani, chairman of Reliance Industries Ltd, has jumped to US$64.5 billion, making him the only Asian tycoon in the exclusive club of the world's top 10 richest people, according to the Bloomberg Billionaires Index.
Aditya Birla Group is a late entrant to Latin America and came very much later than the Tatas and Reliance, the other big iconic Indian business groups. However Birla has made up for lost time by emerging as the Indian company with the largest annual business turnover in Latin America, which was around 1.8 billion dollars last year. Birla is also the largest investor from the Indian private sector in Latin America.
Venezuela will hike the amount of oil it is sending to India's Reliance Industries and signed a new 15-year supply contract with the company, Oil Minister Rafael Ramirez announced this week.