Forbes list of billionaires is out for this year and countries like Russia, China and Brazil show a boom in the number of billionaires based on the reports released.

Read more on Forbes list 2011: Lakshmi Mittal stands on the sixth spot of the richest billionaire…

Anil Ambani’s new house is a response to Mukesh Ambani’s much talked about property Antilla.

The two brothers who follow serious rivalry through the show of wealth have hit it once more but this time it is through the house wars that are keeping the two busy with contending each other for the most talked about properties.

Read more on Anil Ambani builds his own home in response to Antilla…

Anil Ambani welcomes the opportunity to set up banking businesses with RBI looking to grant new banking licenses. Ambani’s group firm Reliance Capital will be making this move.

Chairman of the group commented at their Annual General Meeting that banking has always been a high priority sector for them. This has huge opportunity and hence, they are looking at various options given in the RBI guidelines.

Read more on Banking Sector: Anil Ambani’s next foray…

RIL Case

Anil Ambani group’s appeal has been rejected by the Supreme Court today for cheaper gas from Mukesh Ambani on grounds of a family accord, saying the government had the sovereign right on cost and use of fuel.

Read more on No Low-Priced Gas for ADAG from Reliance: Supreme Court…