Tuesday, 29 November, 2022
TopicAnil Ambani

Topic: Anil Ambani

Anil Ambani resigns from boards of Reliance Power, Reliance Infrastructure after SEBI’s order

SEBI in February had issued a retraining order on founder Ambani and other top executives of a group entity, Reliance Home Finance, for allegedly diverting funds to repay debt.

Anil Ambani’s Reliance Capital unraveling shows why RBI hates big business in banking

Reliance Capital joins a long list of Indian shadow banks that have keeled over since the sudden collapse of infrastructure financier IL&FS Group in September 2018.

RBI supersedes board of Anil Ambani’s Reliance Capital over defaults in payment

The central bank also appointed Bank of Maharashtra's former executive director Nageswar Rao Y as the administrator of the NBFC.

This is how Mukesh Ambani is planning to pass on Reliance empire to his successors

The Reliance empire was plunged into uncertainty in 2002 when Dhirubhai Ambani died without a will, subsequently sparking a years-long battle for control between brothers Mukesh and Anil.

Pandora Papers show stringent laws alone won’t deter rich Indians engaged in financial jugglery

The Modi govt will have to come up with out-of-the box ideas such as drastic reduction in income tax slabs to stop capital flight.

Anil Ambani, Tendulkar among Indians who parked funds in offshore firms, ‘Pandora Papers’ reveal

The investigation is based on nearly 12 million documents obtained by the International Consortium and Investigative Journalists. The list names several prominent Indians and world leaders.

How Anil Ambani’s Reliance Infrastructure won Rs 4,660 crore from Delhi Metro after 9 years

Anil Ambani Reliance Infrastructure Ltd has been locked in a legal battle with DMRC over operating the airport express line. The win is crucial for Ambani whose firms are in bankruptcy.

Mumbai ex-police chief alleges Anil Deshmukh wanted Rs 100 cr a month, minister denies claim

Home Minister Anil Deshmukh took to Twitter Saturday evening and said former Mumbai police commissioner Param Bir Singh was trying to 'save himself' in the Antilia bomb scare probe.

Jindal Steel, Russian team inspect Anil Ambani’s Gujarat shipyard that’s up for sale

Russia is eyeing the shipyard to buttress its pitch for building six new conventional submarines under Project 75 India, while Jindals see it as a captive client of its own.

Jindal Steel keen to acquire Anil Ambani’s bankrupt shipyard Reliance Naval

A successful sale of Reliance Naval will help creditors including IDBI Bank and SBI recoup part of the company’s Rs 108 billion of debt.

On Camera

YourTurn

Former Pakistani Army Chief Qamar Javed Bajwa | ISPR/Twitter

On my last day as Pakistan Army Chief, I leave Asim Munir with bigger problems than my billions

Does Indian Army Chief Gen Pande have no interest in making CPEC, cheese pizza economic corridor? I suggest him this corridor against China. Learn from us.
Representational image of workers at a construction site | ANI

GDP data this week will indicate FY23 outlook. But analysis shows growth still below pre-Covid yrs

Analysis of industrial & consumer data not included in usual ‘high-frequency indicators’ shows although demand seems to have recovered from pandemic, it remains weak.

Defence

Illustration: Soham Sen | The Print

Modi govt moves with Arunachal Frontier Highway, among India’s ‘toughest’ projects yet, China in mind

The 2,000 km-long highway will be of strategic importance to military. Same equipment used on other side of LAC being deployed to carry out work on tough terrain, say officials.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.