Mukesh Ambani

Mukesh Ambani, India's richest man, is faced with a prospect he has only rarely encountered: not getting what he wants.

Iran today said it continues to import fuel from Reliance Industries, a statement that flies in the face of the claims by Mukesh Ambani firm that it had since last

Mukesh Ambani controlled Reliance Industries (RIL) has recorded a 15.8 per cent rise in net profit to Rs 4,008 crore, beating analysts expectations, as higher operating profits from its oil and gas business and petrochemicals business more than compensated for the fall in profits from its refining business.

Reliance Industries, controlled by billionaire Mukesh Ambani, should post its first quarterly profit increase in five quarters on theback of higher gas production from fields off India's east coast.

The global economic slowdown forced corporate India to look largely within the country for merger and acquisitions in 2009, accounting for about 60 per cent of the 10-billion dollar worth

2009 saw a high-voltage legal battle between the Ambani brothers over the gas dispute reaching the Supreme Court with a judge withdrawing from the bench.

The apex court also heard