Mukesh Ambani is ranked 6th in the world’s chemical kings list

Few weeks back Mukesh Ambani has surpassed Sunil Mittal to become the richest Indian. Though the net worth has shrunk significantly he is the richest Indian. Among the Ambani brothers, Mukesh is the quieter one with very rare public appearances and press releases. He always lets his actions speak. Be it owning a cricket team or a billion dollar home, Mukesh Ambani can do it with style.

Now Mukesh Ambani has one more thing to his kitty. He is ranked 6th in the list of world’s chemical kings. Mukesh Ambani owned Reliance Industries is one of the most valuable Indian company with a market capitalization of 176, 044 crore rupees. It is a fortune 500 global company with a ranking of 206.

ICIS, a chemical community magazine has released a list of top 40 chemical kings of the world. It is a list of the CEO’s and CMD’s guiding large petro chemical companies into an uncertain world of spiraling oil demand.

Without any surprise the list is dominated by middle east. China, US and India made a guest appearance. Mukesh Ambani is ranked 6th in the list of 40. He is the only Indian to be listed in the 40.

The top 10 list :

1. Jurgen Hambrecht – CEO of BASF (Germany)
2. Andrew Liveris – Dow Chemicals (USA)
3. Mohamed Al-Mady – Sabic (Saudi Arabia)
4. Maha Mulla Hussain – Kuwait’s Petrochemical Industries Co (Kuwait)
5. Su Shulin – Sinopec (China)
6. Mukesh Ambani – Reliance Indusries (India)
7. Hans Wijers – Akzo Nobel (Netherlands)
8. Volker Trautz – LyondellBasell
9. Jon Huntsman – Hunstaman (USA)
10. Abdallah Jum’ah – Saudi Aramco (Saudi Arabia)

Bharti, RCom among world's top 10 telcos

Indian telecommunications companies are ringing louder. Bharti Airtel and Reliance Communications are in the big league of gloal telecom companies.

Bharti Airtel is set to be the 5th among the top telecom operators in the world, according to Wireless Intelligence. In the tenth spot is Reliance Communications.

Meanwhile, Idea Cellular, Tata Teleservices and BSNL have been ranked among the world's top 25 telecom companies. Idea Cellular is at 21st position, followed by Tata Teleservices at 22nd and BSNL has bagged the 23rd position.

Bharti is now the world's third-largest, single-country mobile operator. In March, Bharti signed a an agreement with Zain Group to acquire Zain Africa BV based on an enterprise valuation of $10.7 billion. Bharti will acquire Zain's African mobile services operations in 15 countries with a total customer base of over 42 million.

Zain is the market leader in ten of these countries and ranks second in four countries. With this acquisition, Bharti Airtel will be the world's fifth largest wireless company with operations across 18 countries.

Bharti group's global telecom footprint will expand to 21 countries along with the operations in Seychelles, Jersey, and Guernsey. Bharti launched mobile services in India in 1995, Sri Lanka in 2009 and acquired Warid in Bangladesh in January 2010.

Reliance Communications, a part of the ADAG group, is one of the largest private sector information and communications company, with over 94 million subscribers.

It has established a pan-India, high-capacity, integrated (wireless and wireline), convergent (voice, data and video) digital network.

The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs 64,000 crore ($13.6 billion), cash flows of Rs 13,000 crore ($2.8 billion), net profit of Rs 8,400 crore ($1.8 billion).

Mukesh Ambani led firms lose Rs 32,574 cr after Court verdict

The court ruling on RIL-RNRL gas dispute on Monday spelled bad news for the Mukesh Ambani led group companies wherein investors lost a whopping Rs 32,574 crore in just a single trading session.

The Mukesh Ambani pack which includes country's largest private sector firm Reliance Industries

Reliance Industries's market capitalisation at the end of today's trading session stood at Rs 3.44 lakh crore, a loss of over Rs 27,753.94 crore from its Friday's market capitalisation. On June 12, RIL's market capitalisation stood at Rs 3.71 lakh crore.

"After the court ruling the Mukesh Ambani-led group companies got hammered as the verdict was a major victory for the ADAG group firms," Ashika Stock Brokers Research Head Paras Bothra said.

In what is seen as a major victory for Anil Amabni, engaged in one of the most fiercely fought corporate battles, the Bombay High Court today asked elder brother Mukesh's RIL to supply gas from the KG basin at USD 2.34 mBtu to the former's group firm.

Reliance Natural Resources Ltd (RNRL) today led the pack of gainers among the ADAG group companies, with a surge of over 24 per cent or a Rs 3,438 crore gain in its market cap.

In just a single trading session the market capitalisation of RNRL swelled to Rs 17,694.96 crore today from Rs 14257.22 crore on Friday last.

The other major gainers in the ADAG pack include Reliance Power which saw a gain of Rs 1,990 crore in its m-cap while, Reliance Infrastructure's m-cap surged by Rs 364.54 crore.

However, three other ADAG group firms-- Reliance Capital, Reliance Communications and Adlabs settled for in negative territory today and collectively lost Rs 3,365 crore.

"The positive momentum after the court ruling brought back encouragement to the ADAG pack. But if Reliance Industries goes to the Supreme Court it will start another long drawn battle. Keeping this in mind, the today's bull run in the ADAG pack looks short term," SMC Capital Equity Head Jagannadham Thunuguntla said.

Among the Mukesh Ambani group Reliance Petroleum lost Rs 4,725 crore and RIIL lost Rs 95.73 crore.

Asking the Reliance Industries to enter into a fresh "suitable agreement" within a month, a division bench of Justices J N Patel and K K Tated said that the new agreement should be as per the Memorandum of Understanding (MoU) between the Ambani brothers Mukesh and Anil.
Ltd, Reliance Petroleum and infrastructure firm Reliance Industrial Infrastructure Ltd (RIIL) lost more than Rs 32,574.67 crore after stocks of all the three companies settled with loss of as much as 7 per cent.