logo
Anil Ambani's precious thing, which he kept with himself even when he lost all his money, it is worth Rs...

Anil Ambani's precious thing, which he kept with himself even when he lost all his money, it is worth Rs...

India.com19 hours ago
Business tycoon and chairman of Reliance Industries, Mukesh Ambani's younger brother, Anil Ambani, was once the sixth richest person in the 2000s. However, his fate had something else in store for him. He had a wealth of 42 billion dollars, but wrong decisions, poor policies to expand his business, and debt broke him so much that he declared himself bankrupt. The businessman witnessed many highs and lows as debt of millions of crores of rupees kept piling up on him. However, even during these days, Anil Ambani had a special possession which he did not leave. Scroll down to read about it. When Anil Ambani Declared Himself Bankrupt
In 2020, Anil Ambani declared himself bankrupt in front of a London court and said that he did not have enough money to bear his expenses or pay the lawyer's fees. He said that his wife and family members were taking care of him. Anil Ambani's Secret Possession
Anil Ambani, who was struggling with such a shortage of money, had a priceless thing even in that era, which he kept close to his heart. Even during those tough times, Anil Ambani had a luxurious 17-storey house, which he inherited from his father.
Anil Ambani's most valuable possession is his house. Anil Ambani's 17-storey private bungalow built in Mumbai's posh area, Pali Hill, is not just a house but a proof of richness and luxury. This 17-storey building has all the facilities that make it no less than a palace. Price of Anil Ambani's House
If reports are to be believed, then Anil's home is said to be worth Rs 5000 crore. This 17-storey house has a helipad on its roof. Its structure is no less than a five-star hotel. The luxury facilities of this house make it one of the most extravagant homes in India.
The name of Anil Ambani's luxurious bungalow is Abode. It is built in a huge area of 16,000 square feet. From a helipad, gym, swimming pool to a garage for dozens of vehicles, lounge area — you name it and it is present in the home.
Despite going bankrupt, Anil Ambani lives a lavish life. Anil Ambani's Luxurious Possessions
Not only does he have a house worth Rs 5000 crore, Anil Ambani also has a personal jet plane. The price of Anil Ambani's luxury private jet is said to be around Rs 311 crore. Apart from this, he has a collection of luxury cars like Rolls Royce Phantom, Lexus XUV, Audi Q7, and Mercedes GLK350.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Kalyan Jewellers reports 31pc revenue growth in Q1 FY26
Kalyan Jewellers reports 31pc revenue growth in Q1 FY26

Time of India

time44 minutes ago

  • Time of India

Kalyan Jewellers reports 31pc revenue growth in Q1 FY26

Kalyan Jewellers on Monday reported a 31 per cent year-on-year increase in consolidated revenue for the first quarter of the fiscal 2025-26 , despite multiple pauses in demand, majorly due to volatility in gold prices and geopolitical tensions . The company had reported a consolidated net revenue of Rs 5,557.63 crore in the first quarter (April-June) of the 2024-25 fiscal. India operations saw 31 per cent revenue growth during Q1 of the fiscal 2025-26 compared to Q1 of the previous year, the company said in a regulatory filing. The revenue from global operations was up 31 per cent and contributed 15 per cent to the consolidated revenue in Q1. The revenue from Middle East operations was up 26 per cent driven predominantly by same-store-sales growth, while the digital platform Candere recorded 67 revenue growth during Q1 of FY26. During Q1, the company opened 10 Kalyan showrooms and eight Candere showrooms in India and one Kalyan showroom in the US. The company has drawn up plans to launch 170 new showrooms across Kalyan and Candere formats in India and abroad in the current fiscal. As of June 30, 2025, the company operated 406 showrooms across its brands.

Titan Q1 Update: Consumer business grows 20% YoY, co adds 10 new stores
Titan Q1 Update: Consumer business grows 20% YoY, co adds 10 new stores

Economic Times

timean hour ago

  • Economic Times

Titan Q1 Update: Consumer business grows 20% YoY, co adds 10 new stores

Tired of too many ads? Remove Ads Jewellery business Watch business Tired of too many ads? Remove Ads EyeCare business Lifestyle major Titan Company reported a 20% year-on-year growth in its consumer business in Q1FY26 while adding 10 new stores (net) in Q1FY26 extending its retail network to 3,322 stores. Its domestic jewellery operations grew 18% YoY in a quarter marked by gold price volatility affecting consumer company informed about the development after market hours as part of its quarterly updates. Titan shares today ended at Rs 3,670, down by Rs 16.90 or 0.46%.While the Akshaya Tritiya period saw good traction, the increase in gold prices from May till mid-June, saw some softening in customer purchases, a company filing to the exchanges said. Buyer growth was flat (YoY) for both TMZ and CaratLane. In the high gold rate scenario, customers preferred light weight and lower karatage jewelry."The studded ratio came in lower YoY driven by the differential growths across segments (in TMZ), with coins continuing to lead strongly, plain gold growing in mid-teens and studded segment growth coming in early double digits. The like-to-like (L2L) domestic sales growth in TMZ were in early double digits, driven entirely by ticket size growth across formats, and the L2Ls in CaratLane were in healthy double-digits. Of the 19 new store additions (net) in India, 3 were in Tanishq, 7 in Mia and 9 in CaratLane respectively," the filing domestic business clocked a strong quarter of 23% YoY growth led by analog driven by both volume and value growth. Sonata with its refreshed offerings led the growth charts for the quarter, closely followed by Titan and well supported by Fastrack and International brands, all clocking healthy double-digit division added 9 new stores (net) consisting of 4 stores in Titan World and 5 in Helios domestic business grew 12% YoY led by performances across Retail and E-commerce, by both International and House brands. Titan Eye+ retail opened 12 new doors and closed 32 stores resulting in 20 domestic store closures (net) for the the Emerging Businesses (domestic), Fragrances grew 56% YoY led by volume growths in SKINN and Fastrack, Women's Bags grew c.61% YoY and Taneira grew 15% YoY driven by value growth in International Business grew c.49% YoY led by near doubling of Tanishq's business in the US market. The 1 new store addition (net) in the quarter consisted of Tanishq and Titan Eye+'s one new store opening (each) in UAE in Dubai and Sharjah respectively and closure of 1 Mia store in the consumer discretionary major had reported 13% growth in its consolidated net profit at Rs 871 crore in the fourth quarter, compared with Rs 771 crore in the year-ago quarter. Total income during the reporting period increased 22% YoY to Rs 14,049 crore.

Finding UAE's new golden visa policy too tempting to resist? Consider these factors before committing as warned by this social media user
Finding UAE's new golden visa policy too tempting to resist? Consider these factors before committing as warned by this social media user

Time of India

timean hour ago

  • Time of India

Finding UAE's new golden visa policy too tempting to resist? Consider these factors before committing as warned by this social media user

High cost of living a major factor to consider Academy Empower your mind, elevate your skills What is the UAE's new golden visa policy all about? Why is the UAE's golden visa so sought-after? UAE's latest golden visa policy by way of nomination, which allows individuals to obtain the country's coveted golden visa for a lifetime, all by paying a one-time fee of Rs 23.3 lakh, or AED 100,000 has caused quite a stir online, with more and more Indians looking at this as a cost-effective way to obtain unfettered personal and professional access to the thriving middle-eastern amidst all this, an X user by the username of Backpacking Daku, who claims to have travelled to 50+ countries and has expertise in areas of visa assistance and travel planning, highlights a sobering reality- the sky-high cost of living in DubaiGetting a golden visa by paying around Rs 23 lakh is just the start. According to Daku, a single person living on rent outside the city centre in a 1 BHK and having a car, will incur approximately Rs 2.81 lakh as monthly figure will climb to Rs 3.94 lakh per month for a couple living in similar circumstances, he further explains. Similarly, a couple with 2 kids studying in a private school, living on rent in a 1 BHK outside the city centre with a car will have to dish out Rs 4.97 lakh in monthly expenses, he all these calculations, he emphasises, include eating 10% of meals per month outside, car usage, public transport pass, occasional purchase of clothes and many other basic expenses, it does not take into account many other significant expenses such as insurance, healthcare expenses, parking fees, or domestic in its pilot phase for residents of India and Bangladesh, the UAE's new policy allows individuals to get a golden visa to the UAE for a lifetime by paying Rs 23.3 lakh. As of July 7, 2025, one AED is equal to Rs Indians had to have a minimum investment of Rs 4.66 crore, or AED 2 million, in the region's real estate to secure a golden visa. This visa would become invalid if the property in question were the new policy, applicants can be nominated, depending on their professions and how much they can potentially contribute to the UAE's economy, particularly when it comes to culture, trade, science, finance or startups. The final decision on whether or not to grant the visa, however, will depend on the UAE the Indian diaspora in the UAE already makes for the largest expatriate community in the country, many web-based sources like Numbeo and Expatistan, which offer a comparative estimate of the cost of living in various cities across the globe, highlight that on average, Dubai is far more expensive than many Indian metros like Delhi or to Numbeo, Dubai is 162.4% more expensive than Bangalore, exclusive of rent. Moreover, rent in Dubai is, on average, 550.2% higher than in Bangalore. Similarly, when compared to Delhi, Expatistan, another crowd-sourced data site for cost of living comparisons, states that the cost of living in Delhi (India) is 68% cheaper than in Dubai (United Arab Emirates).The UAE has zero personal income tax, no capital gains tax, and no inheritance tax. The golden visa allows Indians to access residency rights and these benefits in the region, by offering a renewable residency visa for 5 or 10 years, without having to show a local sponsor. Individuals won't lose their residency status even if they live outside of the UAE for over 6 months. The primary visa holder can sponsor as many of their family members as they like, who can stay back in the UAE even after his or her proposition may appeal to many Indians who have global income and want to avoid tax. The cost of living may also come down as a person moves away from the city centre. Therefore, the net financial benefit will vary from person to person. If you are planning to make a move you must evaluate all these factors before going ahead.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store