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Mukesh Ambani, the billionaire head of Reliance Industries, has triumphed in the latest dispute with his brother Anil that saw a family disagreement taken to the Indian Supreme Court.

The number of hedge funds suing family-controlled automaker Porsche for market manipulation and fraud in 2008 has risen to 35.

Toyota Motor Corporation, the family-controlled automaker, announced yesterday it would pay the $16.4 million fine imposed on the company by the US Department of Transport.

The US Department of Transport has announced that it plans to fine Toyota Motor Corporation $16.4 million after the family-controlled automaker failed to notify US transport regulators about defects that allegedly cause unintended acceleration.

Tawhid, Tawfique and Tamjid Abdullah, the second-generation brothers who run family-owned jewellery group Damas, have been fined for withdrawing unauthorised funds and forced to resign from the board of the company by the Dubai Financial Services Authority (DFSA)

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