Latest news with #Ambanis
Time of India
21 hours ago
- Business
- Time of India
Ambanis lead 2025 Hurun India Most Valuable Family Businesses list with valuation near one-twelfth of India's GDP
The Ambanis topped the 2025 Hurun India Most Valuable Family Businesses list for the second consecutive year, with a valuation of Rs 28.2 lakh crore i.e. about one-twelfth of India's GDP. With a total value of INR 6.5 lakh crore, up INR 1.1 lakh crore, the Kumar Mangalam Birla family climbed one spot to secure the second position. Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program With a valuation of INR 5.7 lakh crore, up INR 1 lakh crore, the Jindal family entered the top three, securing the third spot on the list. (More to come)_
India.com
2 days ago
- Entertainment
- India.com
Rs 83000000000: World's most expensive wedding took place in..., beat Mukesh Ambani and Nita Ambani's children's wedding, couple was...
The costliest weddings often feature beautiful locations, extravagant decor, celebrity performances, and over-the-top hospitality—all of which combine into exceptional experiences. Certain families are synonymous with extravagant weddings, such as the Ambanis, where hosting an ostentatious celebration is taken to the next level. Isha Ambani and Anand Piramal's wedding was said to cost approximately Rs 830 crore. The wedding included extravagant wedding invitations and performances from several celebrities, making it one of the most extravagant weddings in a long time. Akash Ambani and Shloka Mehta also had a grand wedding. Although the exact cost of the wedding remains undisclosed, one thing is clear — it was an extravagant affair with no corners cut. Even the invitation itself reportedly cost around Rs 1.5 lakh (approximately USD 1,800), offering a glimpse into the grandeur that defined the celebrations. According to sources such as LiveMint, The Economic Times, and Outlook Business, Anant Ambani and Radhika Merchant's wedding cost a record Rs 5,000 crore. The phenomenal figure exceeds the expenditures of some of the biggest wedding events of all time, including Princess Diana and Prince Charles's wedding (Rs 1,361 crore) and Sheikha Hind Bint Maktoum's wedding (Rs 1,144 crore), making it one of the most expensive weddings in history. Nevertheless, there is one wedding that truly shook the globe. This wedding was so extravagant and so lavish that it raised the global bar of opulence and luxury. It has been stated that the lavish wedding reportedly costed about $1 billion. In 2016, Said Gutseriev, a 28-year-old son of an oil billionaire, married 20-year-old Khadija Uzhakhov in Moscow. The young bride had on a beautiful beaded gown, with a flowing skirt, created by Elie Saab. The prices for wedding dresses made by Elie Saab start at £5000, rising to 18,000, according to the Daily Mail (2016) report. The bespoke gown was reported to range between $1 million USD or 25 million roubles – £692,000 or £256,000.
New York Times
30-07-2025
- Business
- New York Times
Six The Hundred franchises sold ahead of 2025 competition, English Cricket Board confirms
English cricket's governing body has confirmed that it has finally completed six of the eight deals it announced in February to sell stakes in the franchises of its short-form competition, The Hundred. The England and Wales Cricket Board (ECB) sold stakes of between 49 and 100 per cent in the city-based franchises following a successful auction at the start of the year but has spent more than five months trying to close the deals with its new partners, a mix of American sports investors and Indian cricket magnates. Advertisement With the fifth edition of the month-long competition starting in London on Tuesday, the ECB will be relieved it has been able to get these deals over the line, as they will deliver more than £520million ($695million) to the professional and grassroots game, but the fact it has taken this long, and is still not fully completed, show just how difficult the process has been. The six completed deals are with the new investors in Birmingham Phoenix, London Spirit, Manchester Originals, Northern Superchargers, Southern Brave and Welsh Fire, which means negotiations will continue with Reliance Industries, who bought a 49 per cent stake in London's Oval Invincibles for £60million, and Cain International and Ares Management, who teamed up to buy a 49 per cent stake in Nottingham-based Trent Rockets. In other words, the ECB is still hammering the details out with its two most high-profile investors, as Reliance is owned by India's richest family, the Ambanis, and Cain International is run by Chelsea FC co-owners Todd Boehly and Jonathan Goldstein, while Ares is an American investment firm with stakes in La Liga's Atletico Madrid and the NFL's Miami Dolphins. It is hoped, by all sides, that these two deals can be signed off in the autumn. For its part, the ECB has remained confident all of the sales it announced in February will be finalised, at full value, and has said the delay in completing them is a result of having to negotiate with eight different groups, some of them with multiple partners, and their respective legal teams. This, however, is only half of the story, as the negotiations have thrown up significant questions about The Hundred's future revenues, expansion, format, governance and relationship with the rest of the global game, particularly Indian cricket. As a result, the ECB has had to make several concessions, such as waiving its right to pull the plug on the competition it launched in 2021 within the next seven years. It has also agreed to dilute its power on The Hundred's governing board so it only has one third of the votes, not the originally-planned 50 per cent. Advertisement The significance of that step is the new investors will have control over The Hundred's likely expansion to 10 teams once the current set of ECB broadcast deals expire in 2032. The Hundred's managing director Vikram Banerjee has said expansion is 'almost a no-brainer' but the first wave of investors will want to make sure revenues have grown sufficiently before they are distributed more widely, and will expect to be rewarded for their early commitment in terms of the allocation of new franchise fees. They will also want a bigger say in how the tournament is televised, with the ECB currently bundling The Hundred with the rest of its rights, the vast majority of which end up with its long-term broadcast partner Sky Sports. The Hundred, however, is shared between Sky and the BBC, with the UK's free-to-air broadcaster able to show 10 men's and eight women's games per season. Whether that will still be the case after 2032 is open to question, as The Hundred's new investors will want to remove the competition from the ECB bundle, forcing Sky to pay for it separately or let a new broadcaster in, and the BBC will almost certainly be asked to pay more than the reduced-rate it is paying now — an offer the ECB made to help establish the competition and bring in a new audience, a move it supported by marketing The Hundred as a family-friendly event, with relatively cheap tickets. In fact, by 2032 it is possible the BBC will no longer be interested in a competition that was specifically designed to fit into its schedules, as games in The Hundred last about two and a half hours, about half an hour shorter than games in the T20 format. The latter, which was also invented in England, has become the most popular format with global broadcasters and sponsors, as well as younger fans, particularly in India, where the Indian Premier League (IPL) is the most lucrative cricket competition on the planet. It is also the format that will be used when cricket returns to the Olympics in Los Angeles in 2028. Advertisement With half of The Hundred teams — Manchester Originals, Northern Superchargers, Oval Invincibles and Southern Brave — now either co-owned or fully-owned by groups which also own IPL franchises, it is widely believed the English competition will move to the T20 format. It also almost certain that teams will be given the same names at their IPL stablemates, with this issue believed to be one of the Ambanis' sticking points, as they want the Invincibles to become the Indians, in line with their IPL team the Mumbai Indians and sister teams in the T20 competitions in South Africa, UAE and U.S., where MI New York play in Major League Cricket, perhaps as early as next season. The biggest unanswered question of all, however, is when Indian cricket's governing body, the BCCI, will allow its best men's players to take part in whatever The Hundred becomes after 2032. At present, it does not want anyone to challenge the IPL's position but with many of its owners now investing in franchise competitions around the globe, the path is clear for England and Wales to become the July/August venue for elite T20's travelling circus. In the meantime, fans can look forward to another month of big hits, high-paced action and musical interludes, featuring many of the best short-form cricketers in the men's and women's game — usually on the same stage in double-headers, with equal prize money — while the traditional county-based game can start spending the windfall from the auction on clearing debts and investing in ground improvements and other new revenue streams that should keep it afloat for the foreseeable future.
India.com
04-07-2025
- Business
- India.com
Mukesh Ambani, Nita Ambani and their children Isha Ambani, Akash and Anant Ambani live on top floor of Rs 15000 crore Antilia due to...
Mukesh Ambani, Nita Ambani and their children Isha Ambani, Akash and Anant Ambani live on top floor of Rs 15000 crore Antilia due to… One of the richest men in the world and the richest in India, Mukesh Ambani and his family reside in Antilia, which is one of the most expensive private houses in the world. Antilia is located in India's commercial capital – Mumbai. It stretches over 4,00,000 square feet and has an estimated value of around Rs 15,000 crores. But do you know that the Ambani family lives on the top of the 27-storey building? Do you know the reason? Let's find out. Why Mukesh Ambani and his family live on 27th floor of Antilia? Mukesh Ambani, his wife Nita Ambani and their children – Anant and Akash, daughter-in-law Shloka, and grandchildren Veda and Prithvi live on the 27th floor of Antilia. Actually, Nita Ambani decided to stay on the top floor because of several major factors, such as the 27th floor has a magnificent ventilation system, the floor has plenty of sunlight, making it the best floor to live in. Restricted Area Visiting this floor is highly restrictive and reserved for only a few, thus highlighting the family's need for security and not necessarily being in the public eye. Unique features of Antilia A satisfaction in ultimate luxury and immense resilience, Antilia has been designed to survive any kind of earthquake up to 8.0 on the Richter scale and comprises some of the best safety measures technology could afford. The mansion consists of 49 bedrooms, a large ballroom, a cutting-edge health spa, and many swimming pools, and even provides a snow room, offering truly unique space, an escape from the usually tropical weather of Mumbai. Notably, the 27th floor is highly restrictive and very few people have access apart from the Ambanis. Unique Features Of Antilia Apart from luxury, Antilia is designed to survive any kind of natural calamity. It can survive any kind of earthquake upto 8.0 magnitude on the Richter scale. It has some of the best safety measures technology could afford. The building has as many as 49 bedrooms, a massive ballroom, a health spa, and swimming pools. Antilia has a special snow room to escape from the usually tropical Mumbai weather. 600 Workers A team of 600 workers make sure that everything in the architectural masterpiece building works smoothly. Named after an enchanted island, the design of the building is inspired by nature's beauty, special themes, lotus and the Sun. The 27-storey building is built with spacious marbles and mother-of-pearl. Not only that, the building has helipads, nine high-speed lifts and a floor dedicated to luxury cars.
India.com
20-06-2025
- Politics
- India.com
World's most expensive party ever was hosted by…, had 18 tonnes food, 25000 wine bottles, 2700 kg meat; spent more money than Mukesh Ambani, he was…
Before the Ambanis wowed the world with extravagant billion-rupee celebrations, an Iranian king held such a party that is still referred to as the most expensive party in history. 18 tonnes of food, 25,000 bottles of wine, 100 aircraft, and a whole lot more that will make the Ambani wedding hype look small. So, who was he? Here is the story of a royal, lavish feast that raised the bar. Not too long ago—just fifty years ago—Iran appeared like a different place compared to today. In the early 1970s, it was typical to encounter women dressed in Western attire throughout public spaces, and the country was viewed as modern and progressive. However, everything changed in 1979 with the Islamic Revolution and the fall of the Pahlavi Monarchy. In its place was the formation of the Islamic Republic and drastic changes throughout the cultural, social, and political landscape of the country, especially as it applied to women's rights and freedoms. Iran underwent a major change after the 1979 revolution, which marked the end of Muhammad Reza Pahlavi, the last Shah of Iran, and the rise of Ayatollah Khomeini. One of the dramatic incidents that fueled indignation in public sentiment was a lavish celebration by the Shah, and one that at the time was possibly the largest party ever. Although the celebration was aimed at indicating Iran's legacy and contemporary power, it became a jarring visual demonstration of excess and disconnection from ordinary citizens. Many outraged people took offense at such a glaring disparity between the luxury of their ruler, while they struggled in their own lives, and this disparity helped fuel the overthrow of a 2,000-year-old monarchy. In 1941, Mohammad Reza Shah a wealthy ruler, came to power. Eager to pursue a vision of a modernized Iran, he championed the Western experience, pushed for the enactment of liberal reforms, and rejected age-old customs—including the widespread use of the hijab. His intentions would forever change Iran, and he set out to reform the nation into a modern, progressive state, from which religious clerics and conservative groups fiercely opposed. Dissent, whether openly or quietly, had no place in Iran, and all who challenged or critiqued his rule faced censorship, incarceration, or political silencing. In 1971, Iran's Shah Mohammad Reza Pahlavi hosted what is still regarded as the grandest party in human history, celebrating 2,500 years of the Persian Empire. The event took place in the ancient ruins of Persepolis, and included royalty from and dignitaries from 65 invitees flown in to witness some event that nobody had ever seen before and no one would ever see again. But behind the gold-trimmed tents and sparkly lights was an incredible story of ambition, as well as growing discontent. As per the media reports, the event cost an astounding $100 million and led to widespread discontent. Planning for the celebration started in 1970, but as the planning grew larger, the Shah and his associates understood that the Tehran home could not accommodate anything to that level. So, the Shah decided to put on the celebration at Persepolis, or empty desert space. They built a city out of tents in the desert–one that was a luxury city. The final price tag? A mind-blowing $100 million, which is a lot of money today. While in the Shah's mind the celebration was a grand tribute to Iran's legacy,–to many in the country and outside of it, it was merely on display that there was ample wealth and that many could see the extravagance of the $100 million dollar party only contributed to the anger and angst of everyday Iranians and also outside of the royal government. That party, glorious as it was, is now merely seen as one of the precursors of the fall of the monarchy just a few years later. Persepolis, the site of the celebration, had monumental historical importance – it was the burial site of Cyrus the Great, the first emperor of Persia. However, in 1971, this historical land was dramatically altered along a vast 30-kilometre stretch to host a royal spectacle unlike any other. While the desert was filled with riches – champagne flowed, gourmet meals were served, and guests dined off golden tableware – life in the rest of Iran told a very different story. In many regions, Iranians were still struggling to meet basic daily needs such as clean drinking water, healthcare, and housing. This glaring difference between a king celebrating a glorious past in the lap of luxury and a nation struggling to make ends meet only served to widen the gap between the palace and the people. According to the media reports, to create a false oasis in the middle of the desert, the Shah's advisers even imported 50,000 birds for the atmosphere of a jungle. Sadly, most perished in a few days from the extreme desert climate. A temporary luxury city of tents was constructed in the desert sands which housed the dignitaries. The logistics are staggering: 40 trucks and 100 planes came from France just to transport the materials for the elaborate tents. The enormity of the celebration seemed other-worldly – 18 tonnes of food, 180 waiters, 2700 kg of meat, and 25,000 bottles of fine wine were prepared for the kings, queens and top political leaders from around the world. In light of the global leaders in attendance, security was enhanced to unprecedented levels. But, while the world elite were dining under chandeliers made of crystal, in tents draped in silk, ordinary Iranians were still wrestling with poverty, unemployment, and water shortages. The extravagance was so extreme that the event was dubbed, 'the world's most expensive party.' For countless Iranians, it was not just extravagance; it was painful reminder of how remote their ruler had become.
