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.
Tue, Sep 27, 2016
"We have all the spectrum we need for 2G, 3G and 4G services plus spectrum trading and sharing agreements with Reliance Jio," he said. "We have accomplished a virtual merger between Reliance Communications and Reliance Jio."
Betting big on the financial sector, industrialist Anil Ambani on Tuesday said Reliance Capital expects to list its home finance arm separately by April 2017 while commercial lending and insurance arms can also be listed separately at an "appropriate time".
Fri, Sep 16, 2016
Tanu Sharma, Associate Director of India Ratings said, "The merger of the wireless business of RCom with Aircel is a key milestone in the ongoing consolidation in the telecom sector."
Thu, Sep 15, 2016
"We expect this combination to create substantial long term value for shareholders of both, RCOM and MCB, given the benefits of the wide-ranging spectrum portfolio and significant revenue and cost synergies," Reliance Communication`s chairman Ambani said in a statement.
Tue, Sep 13, 2016
Anil Ambani-backed Reliance Infrastructure reported consolidated net profit of Rs 438.80 crore for the June quarter ended 2016 (Q1FY17), registering a rise of 7.21% from Rs 409.27 crore in the similar quarter of the previous year.
Mon, Sep 12, 2016
Anil Ambani's Reliance Power reported consolidated net profit of Rs 340.49 crore for the June quarter ended 2016 (Q1FY17), a rise of 12.51% from Rs 302.64 crore in the similar period of the previous year.
Tue, Aug 30, 2016
Ahead of the impending launch of Reliance Jio's 4G services, rival Reliance Communications (RCom) on Tuesday announced app-to-app 4G calling at Re 1.
Wed, Aug 24, 2016
Billionaire Anil Ambani's elder son Anmol Ambani on Tuesday joined the board of Reliance Capital as an additional director after two years of training.
Anmol, 24, has been working in various financial services businesses within Reliance Capital since 2014.
Tue, Aug 23, 2016
"Birla Corp's expansion potential will also be significantly enhanced by valuable mineral concessions in several states, in addition to Madhya Pradesh," the company said in a statement about the deal.
Mon, Jun 20, 2016
Power Minister of Delhi Satyendar Jain has written a letter to the Reliance ADA Group’s chairman Anil Ambani terming the performance of BSES as “atrocious”. In the letter, Jain alleged corruption and financial irregularities including siphoning off funds by the company.
Sun, Jun 19, 2016
A spokesperson for Anil Ambani-led group said they were "shocked" to see the reports about the so-called tapes.
Sat, Jun 18, 2016
"The authorities to fully investigate these allegations of illegal phone tapping by highly irresponsible and criminally minded persons", said the company in a statement.
Mon, May 30, 2016
RCom also signed a non-binding pact in December to sell its mobile phone masts business to a group of companies led by buyout firm TPG Capital Management LP.
Fri, May 27, 2016
The company said that the net profit increased on account of higher power generation in 2015-16.
Fri, Apr 22, 2016
The spectrum sharing deal will allow Anil Ambani-led RCom and Mukesh Ambani's RJio to offer 4G services on 10 MHz block in 800 Mhz band.
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