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Anil Ambani

Anil Ambani

ED Questions Anil Ambani In Fresh FEMA Case Linked To Foreign Assets

Anil Ambani, chairman of Reliance ADA Group, appeared before the Enforcement Directorate (ED) Mumbai on Monday and recorded his statement, according to sources.     

03 July 2023

Discoms

Explained: Delhi LG VK Saxena Removes AAP Govt's Nominees From Discom Boards, What's The Case About?

Delhi Lieutenant Governor VK Saxena ordered the removal of AAP's Delhi government nominees on discom boards as these members had allegedly acted in collusion with companies two bring them benefits of over Rs 8,000 crore at...

11 February 2023

NCLT Directs Reliance Capital Lenders, Administrator To Reply On Torrent Investments' Plea By January 16

NCLT Directs Reliance Capital Lenders, Administrator To Reply On Torrent Investments' Plea By January 16

Torrent Investments—one of the bidders for the Anil Ambani-promoted Reliance Capital—has offered Rs 8,640 crore to acquire the firm through the insolvency process

12 January 2023

Reliance ADAG chairman Anil Ambani

ED Questions Anil Ambani In Fresh FEMA Case

Anil Ambani's statement was recorded as part of a fresh case filed under various sections of the Foreign Exchange Management Act (FEMA), the sources said without elaborating

03 July 2023

NCLT Directs Lenders To Maintain Status Quo On Reliance Capital Matter

NCLT Directs Lenders To Maintain Status Quo On Reliance Capital Matter

Hence, the tribunal directed all the applicants to submit their written notes and to keep all procedures that were to take place on Monday, on hold

20 January 2023

Anil Ambani

Anil Ambani Tax Evasion: High Court Questions Retrospective Nature Of Black Money Act 

The I-T department had issued a notice to Ambani on August 8, 2022, for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts

09 January 2023

After Anil Ambani-backed Reliance Naval started insolvency proceedings in January 2020, majority of its lenders approved a Rs 2,040 crore payment plan by the winning consortium in December 2022

Reliance Naval Winner Seeks Payment Extension; Says Capital Markets Disturbed By Adani-Hindenburg Row 

After NCLT gave its nod to the resolution plan of Reliance Naval in December 2022, the consortium that won the bid was mandated to pay Rs 275 crore in the next 90 days, ending March 23

16 March 2023

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Reliance Industries Chairman Mukesh Ambani

Reliance Industries’ Profit Surges 20-Times In 20 Years Under Mukesh Ambani’s Leadership

In 20 years that Stanford University-drop out Mukesh Ambani, 65, has been at the helm of RIL, the company has re-entered the telecom business, diversified in retail and new energy

28 December 2022

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21 December 2022
Cosmea Pulls Out Of Race To Acquire Reliance Capital

Cosmea Pulls Out Of Race To Acquire Reliance Capital

Cosmea combined with Piramal Group had put in a bid to acquire Anil Ambani Group's erstwhile company but sources said Piramal still continues to be interested...


26 September 2022
No Coercive Action Till November 17 Against Anil Ambani On Notice Under Black Money Act: Court

No Coercive Action Till November 17 Against Anil Ambani On Notice Under Black Money Act: Court

The I-T department had issued the notice to Ambani on August 8, 2022 for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814...


12 September 2022
Reliance Infra Files Rs 13,400-Crore Claim Against Adani Transmission

Reliance Infra Files Rs 13,400-Crore Claim Against Adani Transmission

Reliance Infrastructure said the arbitration claim, filed before the Mumbai Centre for International Arbitration (MCIA), is over what is described as the...


05 September 2022
Reliance Power, Its Subsidiary To Raise Debt Of Up To Rs 1,200 Crore From Varde Partners

Reliance Power, Its Subsidiary To Raise Debt Of Up To Rs 1,200 Crore From Varde Partners

Varde Partners is a leading global alternative investment firm specializing in credit and credit-related assets


30 August 2022
IndusInd, Oaktree Capital, 2 Other Entities Submit Bids For Reliance Capital

IndusInd, Oaktree Capital, 2 Other Entities Submit Bids For Reliance Capital

These bids are in the range of Rs 4,000 crore for the company, which has eight different business verticals, the sources said


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10 July 2022
Ambani Vs Adani At 5G Auction But No Direct Market Clash Yet

Ambani Vs Adani At 5G Auction But No Direct Market Clash Yet

But the rivalry between the two politically well-connected Gujarati businessmen will not yet see a full-blown market clash despite overlaps


11 May 2022
Deadline To Submit Reliance Capital Resolution Plans Extended Till June 30

Deadline To Submit Reliance Capital Resolution Plans Extended Till June 30

Reliance Capital has eight businesses that are on the block. These include general insurance, life insurance, health insurance, securities business and asset...


24 April 2022
Reliance Capital Likely To Share Resolution Plan With Lenders On April 27

Reliance Capital Likely To Share Resolution Plan With Lenders On April 27

RCL had offered two options to all the bidders. Under the first option, companies could bid for Reliance Capital, including its eight subsidiaries or clusters....


13 April 2022
Lenders Of Reliance Capital Decide To Propose Their Own Plan To Bidders

Lenders Of Reliance Capital Decide To Propose Their Own Plan To Bidders

Multiple bidders for subsidiaries under the second option will be forced to form a consortium amongst themselves and bid for RCL as a company.


10 April 2022
Differences Emerge Between Anil Ambani's Reliance Capital, Lenders Over Resolution Plan

Differences Emerge Between Anil Ambani's Reliance Capital, Lenders Over Resolution Plan

Key clusters of RCL are Reliance General Insurance, Reliance Health Insurance, Reliance Nippon Life Insurance, Reliance Asset Reconstruction, and Reliance...


27 March 2022
Adani Group, Tata AIG, ICICI Lombard Bid For Anil Ambani's Reliance Capital

Adani Group, Tata AIG, ICICI Lombard Bid For Anil Ambani's Reliance Capital

The last date for submission of bids for the debt-ridden firm had been extended to March 25 from March 11 earlier by the Reserve Bank-appointed administrator.


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26 March 2022
Anil Ambani Resigns As Director Of Reliance Power, Reliance Infra

Anil Ambani Resigns As Director Of Reliance Power, Reliance Infra

Sebi in February barred Reliance Home Finance Ltd, industrialist Anil Ambani and three other individuals from the securities market for allegedly siphoning off...


17 February 2022
Reliance Capital Says Can't Ascertain Financial Implication Of Sebi Order Against Anil Ambani

Reliance Capital Says Can't Ascertain Financial Implication Of Sebi Order Against Anil Ambani

Capital markets regulator Sebi had on February 11 issued an interim order cum showcause notice against Ambani and Amit Bapna, ex-chief financial officer of the...


12 February 2022
Sebi Bars Anil Ambani, Reliance Home Finance And Others From Securities Market

Sebi Bars Anil Ambani, Reliance Home Finance And Others From Securities Market

The  amount of loans disbursed by RHFL under General Purpose Corporate Loans (GPC loans) increased exponentially from around Rs 900 crore as on March 31, 2018...


03 December 2021
SC Rejects Review Plea Of Upholding Arbitral Award To Anil Ambani Group Firm

SC Rejects Review Plea Of Upholding Arbitral Award To Anil Ambani Group Firm

The apex court on September 9 had upheld the 2017 arbitration award enforceable against DMRC and said there was a disturbing tendency of courts setting aside...


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