While Ambani has been in the media space since 2014 with news channels such as CNBC-TV18, CNN-News18, and entertainment channels like Colors, Adani only recently followed in his footsteps.

This is the second partnership between India's richest persons. In July 2024, Mukesh Ambani’s Reliance Industries bought a 26% stake in Mahan Energen, a unit of Adani Power for $5.8 million.

India's financial crime-fighting agency searched 35 locations linked to Reliance Anil Ambani Group as part of an investigation into alleged money laundering and siphoning of public funds, a ...