5 Hotshot Indian Executive Newsmakers

Mukesh Ambani:
On the second place is Mukesh Ambani, the Reliance Industries Chairman and the Managing Director who made it on the news for being India’s richest man with estimated personal fortune of $19.3 billion according to a recent report. As per Hurun’s inaugural India Rich list, a China- based research firm, Ambani precedes the London based steel tycoon L N Mittal, whose wealth was estimated for $16.9 billion.
Mukesh Ambani recently made news for the huge drop in the petroleum business, which caused the company to suffer losses in its shares. It was due to the contemporary petrol pumps which attracted consumers in a large number causing high consumption and in turn reducing the production of natural gases and losing control over its marketing and price. This is one low point for Mukesh Ambani as he was the one to turn the manufacturing of Reliance’s petrochemicals capacity to a million tons from as less as a million annually.
The other news was he was a part of was the auction of 2G airwaves for which Mukesh Ambani did not present any bids within the deadline as per ET.