Reliance

The Sensex and Nifty ended marginally lower after a choppy session on Friday as profit-booking in financial stocks and a global equity selloff outweighed a rally in market behemoth Reliance Industries.

Reliance Industries' market valuation crossed Rs 14 lakh crore-mark on Friday as its stock rallied over 4 per cent to scale its fresh peak.

Equity benchmark Sensex jumped 269 points on Thursday, led by gains in index heavyweight Reliance Industries, ICICI Bank and Kotak Bank amid hopes of fresh government stimulus to support the economy.

The business tycoon of India and Asia's richest man, Mukesh Ambani has added a whopping $17 billion to his wealth by December 23. Now this has taken his net worth to about $61 billion, according to the Bloomberg Billionaires Index.

Where one brother excels in every aspect, why is the other left far behind? Why is this massive gap between their wealth when they both had inherited equal amount of money from their father?

On one hand where the news of Reliance Jio levying Interconnect Usage Charge (IUC) from its customers on voice calls brought disappointment among its users, the company has now announced a new All-In-One prepaid plans that smartly cover the IUC costs, offer more data and are competitively priced.

Notices were served on March 28, 2019 in the names of Mukesh Ambani’s wife-Nita Ambani and their three children for their alleged “undisclosed foreign income and assets”.