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Market cap erosion: Boards of Reliance group firms recommend legal action

Market cap erosion: Boards of Reliance group firms recommend legal action

Sat, Feb 09, 2019

A day after accusing L&T and Edelweiss entities of causing huge market value erosion by "illegal and motivated" sale of their pledged shares, Anil Ambani-led Reliance Group Saturday said boards of its three listed firms have recommended "all appropriate legal steps" to protect shareholders' value.

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Sale of shares by L&T Finance, Edelweiss group companies illegal: Reliance Group

Sale of shares by L&T Finance, Edelweiss group companies illegal: Reliance Group

Sat, Feb 09, 2019

"The purported exercise of rights to enforce the security is illegal and excessive, and against the process and requirements of the respective borrowings` documentation," Reliance Group said.

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Anil Ambani led Reliance Capital makes huge gains from Yatra stake sale

Anil Ambani led Reliance Capital makes huge gains from Yatra stake sale

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.  

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Anil Ambani son Anmol Ambani on boards of Reliance Nippon Life, Reliance Home Finance

Anil Ambani son Anmol Ambani on boards of Reliance Nippon Life, Reliance Home Finance

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).

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Anil Ambani announces to take no salary or commission from RCom in FY18

Anil Ambani announces to take no salary or commission from RCom in FY18

Wed, Jun 14, 2017

Reliance Communications' (RCom) owner Anil Ambani announced on Wednesday that he has voluntarily decided to draw no salary or commission from the telecom company in the current financial year.

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Reliance Power March quarter profit jumps on lower tax expense

Reliance Power March quarter profit jumps on lower tax expense

Thu, Apr 13, 2017

Reliance Power on Thursday announced over a three-fold jump in its consolidated profit for the March quarter on account of 40% fall in tax expenses.

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Reliance Industries' Mukesh Ambani tops Indian billionaire list in Forbes survey; see full list

Reliance Industries' Mukesh Ambani tops Indian billionaire list in Forbes survey; see full list

Tue, Mar 21, 2017

Reliance Industries' chairman and MD Mukesh Ambani has topped the list of Indian billionaires featured in Forbes recent survey titled 'The World's Billionaires' with global ranking of 33 and networth of $23.2 billion, find out names of other Indians in the list.

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Bought for Rs 10 crore, Reliance Capital sells Paytm stake to Alibaba for Rs 275 crore

Bought for Rs 10 crore, Reliance Capital sells Paytm stake to Alibaba for Rs 275 crore

Tue, Mar 07, 2017

Reliance Capital has sold its nearly 1 % stake in popular digital payments firm Paytm for Rs 275 crore to China's Alibaba Group in a deal reaping huge gains for the Anil Ambani-led group firm.

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Anil Ambani to spell out defence biz plans

Anil Ambani to spell out defence biz plans

Sun, Feb 26, 2017

The group officials said Ambani, the group Chairman, will himself interact with the analysts on the defence business and brief them about its future plans and how the defence business is going to be the main growth driver for the group in the years to come.

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Reliance Capital Q3 consolidated net profit declines nearly 5% to Rs 258 crore

Reliance Capital Q3 consolidated net profit declines nearly 5% to Rs 258 crore

Fri, Feb 10, 2017

Reliance Capital has reported 4.8% fall in the consolidated net profit for the third quarter ended on December 31, 2016.

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Reliance Group bags Rs 916 crore contract from Indian Coast Guard

Reliance Group bags Rs 916 crore contract from Indian Coast Guard

Mon, Jan 30, 2017

Industrialist Anil Ambani-led Reliance Defence and Engineering on Monday said it has signed a contract with the Ministry of Defence for the design and construction of 14 Fast Patrol Vessels for the Indian Coast Guard valued at Rs 916 crore, the company said on Monday.

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Anil Ambani's elder son Anmol joins board of Reliance Capital

Anil Ambani's elder son Anmol joins board of Reliance Capital

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.

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Essar Group phone tapping case: Complaint against company forwarded to Home Ministry

Essar Group phone tapping case: Complaint against company forwarded to Home Ministry

Sun, Jun 19, 2016

A spokesperson for Anil Ambani-led group said they were "shocked" to see the reports about the so-called tapes.

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"Shocked" at illegal phone tapping reports; authorities to fully probe the matter: Reliance

"Shocked" at illegal phone tapping reports; authorities to fully probe the matter: Reliance

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.

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