The memorandum of understanding (MoU) between estranged brothers Mukesh Ambani and Anil Ambani would be produced in court on Wednesday. This is the basis of division of Reliance group of businesses between the two brothers. The lawyers for the Anil Ambani-owned Reliance Natural Resources Ltd (RNRL) confirmed they would appraise the court about the relevant contents of MoU to resolve the dispute in the largest corporate house of India. 

Reliance Money, a unit of Reliance Capital and part of the Anil Dhirubhai Ambani group, has sought permission to acquire an additional 16% stake in the National Multi-Commodity Exchange (NMCE).

Last month, Reliance Money picked up 10% stake in NMCE and now the firm is seeking approval from the Forward Markets Commission (FMC) and Ministry of Consumer Affairs for an additional 16 per cent stake in NMCE within the next three months.

Oscar Winning director Steven Spielberg has broken business ties with Paramount pictures and is all set to start a new venture with Anil Ambani's Reliance, and will make 6 films in a year. The top executives of Dream Works, David Gaffen, Steven Spielberg and Stacey Snider were close to finalizing the new project. 

Dreamworks was started by Spielberg and David Gaffen in 1994 with Katzenberg, but sold it in 2006 to Viacom, Paramount’s Parent.  

Geffen will not be part of the new venture, according to a statement by Paramount and Dreamworks.

The largest corporate house of India, Reliance Industries (RIL), has expressed its desire to sort out NTPC issue with dialogue. Currently, the matter is in courts due to dispute over gas supply from its Krishna-Godavari gas fields. 

The matter is also a major cause of fight between the power and petroleum ministries. The case of NTPC got weakened when the petroleum ministry’s counsel TS Doabia informed the Bombay HC about the incompletion of agreement between RIL and NTPC.

Reliance Money, part of the Reliance Anil Dhirubhai Ambani Group, has informed that it has obtained approval from Ministry of Consumer Affairs to acquire a 10% stake in the National Multi-Commodity Exchange of India (NMCE) Board.

The latest development will mark company’s foray into the national commodity exchange space that is expected to cross an annual turnover of Rs 74 lakh-crore (volume) by next year.

Today’s evening will witness the crucial court hearing related to the gas delivery from RIL’s prolific Krishna-Godavari asset, for which Mr. Mukesh D. Ambani, Reliance Industries Ltd’s chief, had been eagerly waiting for.