Business Standard brings you the top headlines on Tuesday
The company has already spent $1.5 bn in acquisitions to lay grounds for its new energy forays that include solar, battery and hydrogen
Green hydrogen, produced from water and green electricity and considered the cleanest form of fuel, is a potential path to decarbonize heavy industries
India's big business groups owned by families continue to steal a march over their bigger rivals. More on this is our top headlines.
Assessment order passed under section 10(3) of Black Money Act
The auction promises to be an epic showdown between the Seattle-based retail Goliath on one side and India's most valuable company on the other and could see bets of $7 bn or more
Their balance sheets and visions are different but a confrontation between the billionaires looks almost guaranteed.
Without a wave of financial support from abroad, India will likely rely on homegrown tools that have lowered energy consumption and the cost of living for millions of its people
RIL chief sees 24% spike in wealth to $103 bn; Gautam Adani takes second spot
In the end, Mukesh Ambani settled the dispute over who gets to own the assets of beleaguered Future Retail not in an arbitration tribunal in Singapore, or in a Delhi courtroom, but in a shopping aisle
Reliance jolted Amazon by taking over Future's stores, staff even as the e-commerce giant furiously tried to block formal acquisitions through lawsuits and arbitration across India and Singapore
Besides Kazi and Waze, other accused in the case include former encounter specialist officer Pradip Sharma and former policemen Vinayak Shinde and Sunil Mane
RIL chairman said technological progress will make energy affordable on the basis of commercial viability.
Jio Platforms and SES will own 51 per cent and 49 per cent equity stake in the joint venture respectively.
RIL will re-purpose a Rs 30,000-crore plant that currently converts petroleum coke into synthesis gas to produce blue hydrogen for $1.2-1.5 a kilogram
Total income dipped to Rs 1,858.93 crore in the quarter, from Rs 2,006.66 crore in the same period a year ago
Mukesh Ambani's family net worth was estimated to be $108 billion on Tuesday against Gautam Adani net worth of $92 billion
The Delhi High Court on Tuesday said it will club together and hear all the pending petitions related to the Amazon and Future dispute in connection with the 2019 deal between the firms
Coal mogul's net worth reached $88.5 billion on Monday, according to the Bloomberg Billionaires Index, eclipsing Mukesh Ambani's $87.9 billion.