Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
FIR is based on a complaint by SBI, which had flagged the account of Reliance Communications as fraudulent. The bank has an exposure of around Rs 3,000 cr in the firm.
Sandeepa Virk has been arrested on charges of engaging in illicit liaison work with Angarai Natarajan Sethuraman of Reliance Group, which is facing a money laundering probe.
SEBI, SBI have raised several red flags over alleged fund diversion, questionable accounting and round-tripping by entities linked to the Reliance Group and its chairman.
Reliance Group chairman asked to appear at ED headquarters in New Delhi for recording statement. ED's money laundering probe is based on two cases lodged by CBI in September 2022.
ED probe stems from two CBI cases lodged in September 2022 against Rana Kapoor and Reliance Commercial Finance Limited and Reliance Home Finance Limited.
According to regulatory filing, Rcomm got Rs 31,580 cr in bank loans, but a Fraud Committee of the bank found misuse involving complex fund transfers across multiple group entities.
Joint venture will offer comprehensive maintenance, repair and overhaul (MRO), upgrade and lifecycle support services for a range of Indian military assets.
New Delhi: Reliance Defence Limited (Reliance Defence), promoted by Reliance Infrastructure Limited, announced Wednesday it has secured an export order worth Rs 600 crore...
Following an investigation, SEBI found several serious discrepancies and lapses in the way Ambani’s company Reliance Home Finance had disbursed loans, including to related parties.
FM adds that AI-assisted technologies should be adopted in all districts to bring development & highlights importance of collaborative ecosystems in tech innovation.
Building on long-standing ties & Islamic solidarity, Strategic Mutual Defence Agreement comes at a time of heightened regional tensions especially after Israeli attack on Doha.
To be truly functional and durable, even eternal, a state doesn’t just need a leader, a party or an ideology. It needs functional and robust institutions.
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