Word: ambani
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Dates: during 2000-2009
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...Ambani—against India’s richest, Ambani’s own brother, Mukesh. The two businessmen now independently run what was once India’s largest industrial conglomerate, Reliance Industries, divided between the quarreling heirs after the death of the family and company patriarch, Dhirubhai Ambani. In a country ostensibly rooted in deep extended-family relations, the partitioning of Reliance and the Ambani family—the brothers now estranged—raises many questions as to the relevance of India’s cultural emphasis on family in a time of industrialization, when individual greed...
...romanticize a time of close-knit familial relations that seems impossibly forced, even for the olden times. The realities of family rifts are often rewritten in golden age retellings of the joint-family collective memory, or dismissed as the result of wayward relatives and brash younger generations. Surely Dhirubhai Ambani may be rolling over in his grave, but today’s evidence for familial breakdown is rooted in themes of family disputes that are as timeless as “The Mahabharata.” Quarrelling families are not a modern phenomenon in India, but the recent move away...
...India by angry politicians who said it perpetuated negative stereotypes.) Now Spielberg may be going back to the subcontinent - not for a new movie but for cash, thanks to a reported tie-up with Reliance Big Entertainment, part of the sprawling conglomerate run by Bombay-based billionaire Anil Ambani. The deal, first reported by the Wall Street Journal last week, would see Reliance providing between $500 million and $600 million to Spielberg's Dreamworks SKG, financing that would allow Dreamworks to split from Viacom Inc's Paramount Pictures...
...need to get out of its troubled marriage with Paramount, ensure its independence and still make six or so movies a year. Meanwhile, Reliance, which runs huge telecommunications and financial services businesses in India (and shouldn't be confused with Reliance Industries Ltd., another massive conglomerate owned by Anil Ambani's even richer brother Mukesh), gets an entry into Hollywood and some of the biggest names in the business. "If they [Reliance] identify a particular segment as high-growth they go all-out for it," says Smita Jha, an analyst at PricewaterhouseCoopers (PWC). "This has as much to do with...
...comment to TIME on the speculation - and while many smaller deals will strengthen ties between Hollywood and Bollywood, don't expect a succession of deals of this magnitude any time soon. For one thing, there simply aren't any other players out there with cash reserves as deep as Ambani...