Tue, Jul 04, 2023
Anil Ambani's alleged links to some offshore companies based in Jersey, British Virgin Islands and Cyprus are under the probe scanner of the ED.
Wed, Apr 05, 2023
The court then granted an interim stay to the demand notice too. On Wednesday, when the petition came up for hearing, advocate Akhileshwar Sharma, appearing for the IT department, sought two weeks to file a "comprehensive affidavit" in response to the amended petition.
Wed, Apr 13, 2022
Amid a standoff over the bidding process for debt-ridden Reliance Capital Ltd (RCL) and its subsidiaries, lenders have rejected the concerns raised by the RBI-appointed administrator and have decided to go ahead with their own proposal, an unprecedented development under the insolvency proceedings, sources said.
Fri, Aug 31, 2018
The scope of work includes design, engineering, procurement and construction of six-lane expressway and associated structures and project facilities.
The work is expected to be completed in 30 months from the appointed date.
Thu, Jul 26, 2018
Rubbishing the allegations levelled by Congress president Rahul Gandhi that the joint venture between Dassault and Reliance Defence was okayed by the Centre despite the latter not having any expertise in defence manufacturing, Anil Ambani allegedly wrote a detailed letter to Gandhi explaining the rationale behind the contract.
Invoking his family's "respectful relationship" with the Gandhi family over generations, Ambani said he was "personally saddened" by the "unfortunate statements" against him and his group by several functionaries of the Congress party.
Sun, Jul 22, 2018
Billionaire Ambani brothers Mukesh and Anil and Bollywood superstars Salman Khan and Priyanka Chopra are among the dozen Indians named in Variety magazine's list of 500 most influential business leaders shaping the global USD 2 trillion entertainment industry
Tue, Jul 10, 2018
Reliance Industries share price gained as much as 2.6 per cent to Rs 1022.60 on the BSE. Credit Suisse sees Rs 1180 per share target price on the stock, an upside of 15.39 per cent from today's intraday high level.
Mon, Jul 09, 2018
Anil Ambani-led Reliance Group’s flagship Reliance Capital has made multifold gains by selling its three million equity shares in US-listed Yatra Online, India’s second-largest online travel operator.
Thu, Jul 05, 2018
Apart from the cash payment of Rs 6,600 crore, RCOM had also given this Rs 2,000 crore bank guarantee under protest.
Thu, May 31, 2018
NCLAT order clears the way for Anil Ambani-led Reliance Communications to sell its telecom towers, spectrum and fibre assets to Reliance Jio. RJio is owned by Mukesh Ambani, Anil Ambani's elder brother and the richest man in India.
Wed, May 30, 2018
Anil Ambani led Reliance Communications (RCom) said on Wednesday it expects to complete its asset sale to Reliance Jio Infocomm and Canada`s Brookfield in coming weeks, after the bankruptcy appeals court halted insolvency proceedings against the debt-laden company.
Tue, May 29, 2018
Following the development, the Anil Ambani led firm today withdrew its petition from the National Company Law Appellate Tribunal (NCLAT) seeking permission to sell its tower and fibre assets.
Mon, May 28, 2018
Reliance Communications share price rallied over 11 per cent on Monday after the company informed bourses the NCLAT will hear tomorrow its plea which has challenged NCLT's decision to start insolvency proceedings against it on a petition by Swedish telecom equipment major Ericsson.
The plea of Anil Ambani-run RCom was mentioned today before the bench of the National Company Law Appellate Tribunal (NCLAT), seeking an urgent hearing on the issue. It has directed that the matter be listed for hearing tomorrow.
Fri, May 18, 2018
BSE on Thursday sought clarification from RCom with reference to news that RCom, Ericsson have informed NCLT that they are in settlement talks. The company replied saying it "cannot comment on changes in volume and price in the stock markets."
Mon, May 14, 2018
The stock of shipbuilding and fabrication firm settled at Rs 14.50, down 13 per cent on the BSE. Reliance Naval stock has lost over 70 per cent this year as of today’s close.
Sun, May 13, 2018
Reliance Naval & Engineering, which was earlier known as Pipavav Defence & Offshore Engineering, was bought over by Anil Ambani group in 2016 and renamed it as Reliance Defence & Engineering. It owes over Rs 9,000 to over two dozen banks mostly state-run, led by the troubled IDBI Bank
Thu, May 10, 2018
The BJP-led state government is tight-lipped about its decision on fining the Kokilaben Dhirubhai Ambani Hospital, Andheri (West) with Rs 175 crore for commercially exploiting the 14-acre plot given by the state solely for hospital purpose.
Thu, Apr 26, 2018
Anmol Ambani, the eldest son of Reliance group chairman Anil Ambani, has been appointed on the boards of Reliance Nippon Life Asset Management (RNAM) and Reliance Home Finance (RHF).
Fri, Apr 06, 2018
Reliance Communications share price rallied over 4 per cent on Friday after Anil Ambani-led telecom firm on Thursday said the National Company Law Appellate Tribunal (NCLAT) has passed an interim order to allow the company to execute its Rs 25,000-crore asset monetisation programme.
Thu, Feb 22, 2018
The telecom firm is likely to file for bankruptcy at the National Company Law Tribunal.
Sat, Feb 17, 2018
The stock made its debut on the bourses on February 11, 2008, but never went above its issue price till today
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