Isha Ambani-Anand Piramal wedding to cost $100 million

Agencies
December 11, 2018

Dec 11: India is preparing for what could be one of the world’s most expensive weddings ever, a spectacle that could even put the fictional nuptials in “ Crazy Rich Asians” to shame.

On Dec. 12, Asia’s richest man -- oil-and-telecom tycoon Mukesh Ambani -- is scheduled to give away his daughter Isha to billionaire Ajay Piramal’s son, Anand. The week-long extravaganza is estimated to cost about $100 million, according to people familiar with the planning. To put the figure in perspective, Prince Charles and Princess Diana’s wedding 37 years ago reportedly cost $110 million in today’s dollars.

Invitees to the pre-wedding festivities, in the central Indian lake city of Udaipur, range from international celebrities such as Beyonce to politicians like Hillary Clinton and business tycoons including Henry Kravis, according to people familiar with the matter. The guest list is so long that the Ambanis and Piramals have taken over at least five five-star hotels nearby, and a war room has been set up in Mumbai to manage logistics, they said. According to local media reports, more than 100 chartered flights will fly guests to and from Udaipur’s Maharana Pratap Airport.

As gratitude to the city of Udaipur, the Ambanis donated enough food to feed 5,100 people three meals a day for four days, and set up a bazaar to showcase 108 traditional Indian paintings, pottery and other art from local artisans, according to a statement from a family representative.

The main ceremony will be held at the patriarch’s home, the 27-story Antilia palace in Mumbai, and post-wedding events will be held in the city.

For the chairman of Reliance Industries Ltd., who overtook Jack Ma this year as Asia’s wealthiest man, Isha will be the first of his children to wed. After the festivities, the newlyweds are poised to move in to their $64-million diamond-themed mansion at the Gulita building in Mumbai, according to one of the people.

A Reliance representative didn’t respond to an emailed query, while a spokesperson for Piramal Enterprises Ltd. declined to comment.

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News Network
July 2,2020

Jul 2: Democratic presidential candidate and former US vice-president Joe Biden has said that if he wins the November elections, strengthening the relationship with India which is America’s "natural partner", will be a high priority for his administration.

"India needs to be a partner in the region for our safety's sake and quite frankly for theirs," he said in response to a question on India-US relationship during a virtual fundraiser event on Wednesday.

At the fundraiser hosted by Chairman and CEO of Beacon Capital Partners Alan Leventhal, the former vice president said that India and the United States were natural partners.

"That partnership, a strategic partnership, is necessary and important in our security," Biden said when asked by an attendee whether India is critical to the US' national security.

Referring to his eight years as the vice president, he said, "In our administration, I was proud to play a role more than a decade ago in securing Congressional approval for the US-India Civil Nuclear Agreement, which is a big deal".

"Helping open the door to great progress in our relationship and strengthening our strategic partnership with India was a high priority in the Obama-Biden administration and will be a high priority if I'm elected president,” Biden said.

Both as the vice president and a senator from Delaware, he was a big supporter of India-US relationship.

About the November polls, Biden said that the character of the country is on the ballot. The upcoming election is the most important poll of a lifetime and that the country is currently engaged in a battle for its soul, he claimed.

Biden also slammed President Donald Trump and his administration over the handling of the coronavirus pandemic.

"Trump ignored warnings from the very beginning, refused to prepare and failed to protect the country. Not just now but throughout his presidency, undermining the very core pillars of ours, what I would argue, moral and economic strength.

"I really do believe that our country is crying out for leadership and maybe even more important, some healing. Today, we have an enormous opportunity not only to rebuild but to build back better than before. To build a better future. That's what America does," he added.

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News Network
February 6,2020

Feb 6: The Income Tax Department on Thursday recovered Rs 65 crores from the residence of Tamil actor Joseph Vijay's financer in Chennai during raids which were carried out in the connection with an alleged tax evasion case linked to AGS Cinemas, said sources.

The department is conducting raids and surveys at Actor Vijay, Financer and Producer Anbu Chezhiyan residences.

Around 38 premises have been covered in the raid.

According to IT sources the counting of money is still on so there are chances that the amount will rise. Vijay's wife was at Chennai home when IT sleuths carried out a raid at his residence.

Speaking on the reports of the Actor being intervened during the shooting of the film, the income tax official said, "Actor Vijay was not picked up between his shooting as reported in some media reports."

The actor was shooting for his upcoming film "Master in Neyveli" when he received the news of the raid.

"Actor Vijay had cut short his shooting and returned to his home immediately after getting the news of raids, now the officials are ready to facilitate him to continue his shooting if he wishes to," sources from Income Tax told news agency.

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News Network
March 6,2020

New York, Mar 6: A 23-year-old Indian with a student visa in the US has pleaded guilty to sexual enticement of a minor girl, prosecutors have said.

Sachin Aji Bhaskar faces a maximum penalty of life in prison.

He pleaded guilty before Senior US District Judge William M Skretny to sexual enticement of a minor.

The charge carries a minimum penalty of 10 years in prison, a maximum penalty of life in prison, a fine of USD 250,000 or both, US Attorney James P Kennedy said.

Prosecutors alleged that Bhaskar communicated by text and email with an 11-year-old girl for the purpose of engaging in sexual activity.

Through those communications, Bhaskar enticed the victim to engage in a sexual activity with him in August, 2018, they said.

The sentencing in the case is scheduled for June 17.

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